Fund Holdings

EMERALD MUTUAL FUND ADVISERS TRUST

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
PLEXUS CORP(PLXS)0102,278+102,278020,715,3861.00%+20,715,386
MODINE MANUFACTURING CO(MOD)235,425236,071+64631,431,59251,158,9462.48%+19,727,354
PIPER SANDLER CO(PIPR)0225,192+225,192017,238,4480.84%+17,238,448
BLOOM ENERGY CO351,401352,178+77730,533,23347,716,5972.31%+17,183,364
COHU INC(COHU)0489,850+489,850014,999,2070.73%+14,999,207
ARGAN INC58,94358,943018,468,02132,103,3051.56%+13,635,284
IPG PHOTONICS CORP(IPGP)122,225192,457+70,2328,751,31022,053,6481.07%+13,302,338
PALVELLA THERAPEUTICS INC(PVLA)0105,820+105,820013,190,4630.64%+13,190,463
ASTRONICS CORP156,719279,159+122,4408,500,43918,628,2800.90%+10,127,841
AAR CORPORATION252,772280,257+27,48520,926,99430,676,9311.49%+9,749,937
APPLIED OPTOELECTRONICS INC(AAOI)399,050271,760-127,29013,910,88322,988,1781.12%+9,077,295
BOBS DISCOUNT FURNITURE(BOBS)0764,745+764,74508,985,7540.44%+8,985,754
CYTOKENETICS INC(CYTK)0135,464+135,46408,928,4320.43%+8,928,432
INTERDIGITAL INC PA COM(IDCC)30,36760,676+30,3099,668,24518,324,1520.89%+8,655,907
ESCO TECHNOLOGIES INC(ESE)98,50298,502019,246,30627,715,5081.34%+8,469,202
NLIGHT INC(LASR)429,772429,772016,120,74824,505,5991.19%+8,384,851
KULICKE AND SOFFA INDUSTRIES(KLIC)322,457349,295+26,83814,691,14122,955,6671.11%+8,264,526
TTM TECHNOLOGIES INC(TTMI)547,363470,005-77,35837,768,04745,787,8872.22%+8,019,840
DIODES INCORPORATED(DIOD)0114,097+114,09707,788,2610.38%+7,788,261
NEKTAR THERAPEUTICS(NKTR)253,125256,106+2,98110,702,12518,426,8270.89%+7,724,702
SPYRE THERAPEUTICS(SYRE)412,371408,113-4,25813,509,27420,585,2201.00%+7,075,946
VSE CORPORATION(VSEC)168,352195,915+27,56329,086,17536,126,7261.75%+7,040,551
HINGE HEALTH INC(HNGE)0181,766+181,76607,008,8970.34%+7,008,897
CARDINAL INFRASTRUCTURE GROUP(CDNL)299,995359,063+59,0687,253,87914,238,6430.69%+6,984,764
VERADERMICS INC(MANE)0109,283+109,28306,901,2210.33%+6,901,221
CORVUS PHARMACEUTICALS INC(CRVS)0459,253+459,25306,718,8710.33%+6,718,871
SEACOAST BANKING CORPORATION OF FLORIDA(SBCF)136,802326,516+189,7144,298,3199,890,1700.48%+5,591,851
STERLING INFRASTRUCTURE INC(STRL)48,87548,875014,966,99119,905,3210.97%+4,938,330
FLOWCO HOLDINGS INC(FLOC)0231,287+231,28704,764,5120.23%+4,764,512
AXCELIS TECHNOLOGIES INC047,412+47,41204,413,1090.21%+4,413,109
RXO INC(RXO)0275,932+275,93204,034,1260.20%+4,034,126
MIRUM PHARMACEUTICALS INC(MIRM)242,320250,399+8,07919,140,85723,131,8601.12%+3,991,003
FABRINET(FN)65,81665,010-80629,964,70833,904,0151.64%+3,939,307
METALLUS INC0237,910+237,91003,887,4490.19%+3,887,449
ONCE UPON A FARM0212,247+212,24703,470,2380.17%+3,470,238
SOLARIS ENERGY INFRASTRUCTURE INC(SEI)312,027314,782+2,75514,343,88117,788,3310.86%+3,444,450
POWER INTEGRATIONS INC(POWI)061,294+61,29403,138,2530.15%+3,138,253
CECO ENVIRONMENTAL CORP(CECO)260,598314,005+53,40715,596,79018,708,4180.91%+3,111,628
MERCURY SYSTEMS INC(MRCY)336,058375,472+39,41424,535,59527,375,6641.33%+2,840,069
COGENT BIOSCIENCES INC(COGT)1,038,4941,028,832-9,66236,887,30739,599,7441.92%+2,712,437
ONTO INNOVATION INC(ONTO)75,38570,930-4,45511,900,27614,545,6150.71%+2,645,339
PDF SOLUTIONS INC(PDFS)594,610594,610016,964,22319,449,6930.94%+2,485,470
KALVISTA PHARMACEUTICALS INC855,461805,762-49,69913,815,69516,219,9890.79%+2,404,294
FRESHPET INC(FRPT)252,306300,932+48,62615,373,00517,742,9510.86%+2,369,946
AMERICAN SEMICONDUCTOR CORP435,246438,875+3,62912,526,38014,855,9190.72%+2,329,539
RUSH STREET INTERACTIVE INC(RSI)981,901981,901019,078,33621,356,3471.04%+2,278,011
PERELLA WEINBERG PARTNERS(PWP)541,284621,774+80,4909,364,21311,291,4160.55%+1,927,203
FIVE BELOW(FIVE)47,69547,69508,983,83010,897,3540.53%+1,913,524
ONESPAWORLD HOLDINGS LIMITED
COM
600,025600,025012,444,51913,770,5740.67%+1,326,055
CUSTOMERS BANCORP INC(CUBB)212,357242,313+29,95615,527,54416,818,9450.82%+1,291,401
UNITED THERAPEUTICS CORP DEL(UTHR)7,6008,384+7843,703,1004,971,5440.24%+1,268,444
PINNACLE FINL PARTNERS INC(PNFP)014,343+14,34301,235,5060.06%+1,235,506
XERIS BIOPHARMA HOLDINGS INC0207,543+207,54301,203,7490.06%+1,203,749
EXCELERATE ENERGY INC(EE)184,338189,165+4,8275,170,6816,321,8940.31%+1,151,213
SLIDE INSURANCE HOLDINGS INC(SLDE)368,210459,820+91,6107,172,7318,276,7600.40%+1,104,029
BYRNA TECHNOLOGIES INC112,370320,151+207,7811,886,6922,938,9860.14%+1,052,294
SEMTECH CORP(SMTC)285,037285,037021,004,37721,916,4951.06%+912,118
TWIST BIOSCIENCE CORP(TWST)017,850+17,8500848,2320.04%+848,232
LIVANOVA PLC(LIVN)456,263454,329-1,93428,073,86228,877,1511.40%+803,289
WAYSTAR HOLDING CORP(WAY)16,38855,155+38,767536,7071,329,7870.06%+793,080
BILLIONTOONE INC118,134132,206+14,0729,668,08710,436,3420.51%+768,255
PATHWARD FINANCIAL INC(CASH)16,57221,450+4,8781,176,6121,913,9840.09%+737,372
ARLO TECHNOLOGIES(ARLO)1,238,3211,256,289+17,96817,324,11117,876,9920.87%+552,881
IMAX CORP525,986525,986019,440,44319,992,7280.97%+552,285
CORCEPT THERAPEUTICS INC(CORT)194,349179,607-14,7426,763,3457,239,9580.35%+476,613
MID PENN BANCORP INC(MPB)154,411162,411+8,0004,789,8295,223,1380.25%+433,309
FAIR ISAAC CORP(FICO)0365+3650389,6520.02%+389,652
STARBUCKS CORP(SBUX)03,813+3,8130341,6070.02%+341,607
BOEING CO(BA)01,573+1,5730313,0740.02%+313,074
UNTIY SOFTWARE INC(U)012,180+12,1800267,2290.01%+267,229
MASTEC INC(MTZ)1,3421,703+361291,711547,9230.03%+256,212
GOLAR LNG LIMITED
SHS
7,2339,171+1,938269,140496,2430.02%+227,103
PAGAYA TECHNOLOGIES(PGY)31,16574,640+43,475651,349869,5560.04%+218,207
KORRO BIO INC65,54862,855-2,693525,039711,5190.03%+186,480
BWX TECHNOLOGIES INC(BWXT)1,9222,435+513332,198497,9330.02%+165,735
BIOGEN IDEC INC(BIIB)2,4653,117+652433,815571,4400.03%+137,625
LIFETIME GROUP HOLDINGS INC(LTH)355,492355,49209,448,9779,576,9540.46%+127,977
WESBANCO INC(WSBC)90,89890,89803,021,4503,135,0720.15%+113,622
ENOVA INTERNATI(ENVA)16,60319,902+3,2992,609,9922,703,2890.13%+93,297
SABLE OFFSHORE CORP05,344+5,344088,2830.00%+88,283
NATIONAL VISION HOLDINGS(EYE)937,540937,540024,207,28324,282,2861.18%+75,003
TAKE TWO INTERACTIVE SOFTWARE(TTWO)1,7912,683+892458,550529,8930.03%+71,343
MATTHEWS INTL CORP CL A(MATW)10,64213,503+2,861277,969348,6470.02%+70,678
MP MATERIALS CORP(MP)5,4966,966+1,470277,658336,1790.02%+58,521
BROADCOM LTD(AVGO)1,2161,539+323420,858476,3360.02%+55,478
REMITLY GLOBAL(RELY)28,15928,1590388,594441,2520.02%+52,658
INDIE SEMICONDUCTOR INC82,400104,624+22,224290,872336,8890.02%+46,017
PORCH GROUP INC(PRCH)39,57756,315+16,738361,338403,7790.02%+42,441
PRIVATE BANCORP OF AMERICA INC3,6763,6760211,480249,9310.01%+38,451
CIRCLE INTERNET GROUP(CRCL)2,2822,2820180,963217,7260.01%+36,763
NORWOOD FINANCIAL CORP25,00025,0000701,250735,5000.04%+34,250
TRINITY CAPITAL INC(TRIN)549,260549,26008,046,6598,079,6150.39%+32,956
QCR HOLDINGS INC(QCRH)13,11013,11001,092,0631,120,2500.05%+28,187
AMERIS BANCORP(ABCB)4,4424,4420329,907346,4320.02%+16,525
PIXELWORKS INC29,33337,237+7,904186,558201,0800.01%+14,522
CNB FINL CORP PA(CCNE)5,1565,1560134,933149,3180.01%+14,385
MECHANICS BANCORP(MCHB)60,46260,4620884,559891,8150.04%+7,256
THIRD COAST BANCSHARES INC19,10819,1080726,295722,8560.04%-3,439
WINTRUST FINANCIAL CORP(WTFC)8,7338,73301,221,0481,213,3630.06%-7,685
BULLISH(BLSH)5,0005,0000189,350178,6500.01%-10,700
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