Fund Holdings

EMERALD MUTUAL FUND ADVISERS TRUST

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
BLOOM ENERGY CO212,002409,435+197,4335,071,08834,625,9181.79%+29,554,830
SEMTECH CORP(SMTC)0248,436+248,436017,750,7520.92%+17,750,752
MODINE MANUFACTURING CO(MOD)185,570234,076+48,50618,278,64533,276,2441.72%+14,997,599
KRATOS DEFENSE AND SECURITY(KTOS)847,938586,783-261,15539,386,72053,614,3632.77%+14,227,643
ARGAN INC052,352+52,352014,137,6580.73%+14,137,658
RAMBUS INC(RMBS)416,122391,215-24,90726,640,13040,764,6032.10%+14,124,473
NEKTAR THERAPEUTICS(NKTR)0233,205+233,205013,269,3650.69%+13,269,365
GUARDANT HEALTH INC(GH)415,774556,009+140,23521,636,87934,739,4421.79%+13,102,563
LUMENTUM HOLDINGS INC(LITE)242,087215,680-26,40723,012,79035,093,2931.81%+12,080,503
MERCURY SYSTEMS INC(MRCY)263,218336,058+72,84014,176,92126,010,8891.34%+11,833,968
TRAVERE THERAPEUTICS INC(TVTX)1,141,4281,200,942+59,51416,893,13428,702,5141.48%+11,809,380
SITIME CORPORATION(SITM)89,19798,689+9,49219,006,09729,735,9831.54%+10,729,886
AMERICAN SEMICONDUCTOR CORP213,914307,737+93,8237,848,50518,276,5000.94%+10,427,995
HIMS & HERS HEALTH INC(HIMS)0183,304+183,304010,397,0030.54%+10,397,003
EVOLV TECHNOLOGIES(EVLV)01,360,062+1,360,062010,268,4680.53%+10,268,468
RBB FD INC1,997,0351,997,035049,164,80559,381,8363.07%+10,217,031
COMMVAULT SYSTEMS INC(CVLT)42,41192,893+50,4827,393,51017,536,3410.91%+10,142,831
IONQ INC(IONQ)174,725277,668+102,9437,507,93317,076,5820.88%+9,568,649
ESCO TECHNOLOGIES INC(ESE)46,63387,419+40,7868,947,47418,455,0250.95%+9,507,551
CUSTOMERS BANCORP INC(CUBB)0145,032+145,03209,480,7420.49%+9,480,742
NATIONAL VISION HOLDINGS(EYE)836,359966,266+129,90719,244,62128,205,3051.46%+8,960,684
STERLING INFRASTRUCTURE INC(STRL)34,19748,875+14,6787,890,27416,601,8600.86%+8,711,586
NLIGHT INC(LASR)0291,108+291,10808,625,5300.45%+8,625,530
COMPASS INC(COMP)51,1031,069,474+1,018,371320,9278,587,8760.44%+8,266,949
COGENT BIOSCIENCES INC(COGT)895,4121,022,858+127,4466,429,05814,688,2410.76%+8,259,183
VISTEON CORP(VC)061,970+61,97007,427,7240.38%+7,427,724
IPG PHOTONICS CORP(IPGP)083,916+83,91606,645,3080.34%+6,645,308
SKYWATER TECHNOLOGY INC(SKYT)714,144725,120+10,9767,027,17713,530,7390.70%+6,503,562
THE BANCORP INC(TBBK)366,729357,098-9,63120,892,55126,743,0691.38%+5,850,518
RUSH STREET INTERACTIVE INC(RSI)743,189825,244+82,05511,073,51616,900,9970.87%+5,827,481
IMPINJ INC(PI)94,01789,329-4,68810,442,46816,146,2170.83%+5,703,749
AAR CORPORATION194,240211,132+16,89213,361,77018,932,2060.98%+5,570,436
ALLEGIANT TRAVEL CO(ALGT)193,624260,935+67,31110,639,63915,857,0200.82%+5,217,381
VSE CORPORATION(VSEC)132,416135,516+3,10017,343,84822,528,1801.16%+5,184,332
LENDINGTREE INC246,285220,747-25,5389,129,78514,288,9530.74%+5,159,168
MIRUM PHARMACEUTICALS INC(MIRM)217,542219,038+1,49611,070,71216,057,6760.83%+4,986,964
MADRIGAL PHARMACEUTICALS INC(MDGL)36,92035,091-1,82911,173,46916,094,8380.83%+4,921,369
IMAX CORP0149,401+149,40104,892,8830.25%+4,892,883
CADENCE BANK92,703209,194+116,4912,964,6427,853,1430.41%+4,888,501
MIRION TECHNOLOGIES INC(MIR)553,624704,496+150,87211,919,52516,386,5770.85%+4,467,052
HEARTFLOW INC(HTFL)0131,262+131,26204,418,2790.23%+4,418,279
VARONIS SYSTEMS INC(VRNS)542,982555,882+12,90027,556,33731,946,5391.65%+4,390,202
RADNET INC(RDNT)423,546372,780-50,76624,104,00328,409,5641.47%+4,305,561
CREDO TECHNOLOGY GROUP HOLDINGS503,856349,619-154,23746,652,02750,908,0232.63%+4,255,996
AEROVIRONMENT INC141,826141,558-26840,413,31944,575,1992.30%+4,161,880
BLACK ROCK COFFEE BAR0168,611+168,61104,023,0580.21%+4,023,058
LIVANOVA PLC(LIVN)323,462349,664+26,20214,562,25918,315,4000.95%+3,753,141
D-WAVE QUANTUM INC(QBTS)350,340358,640+8,3005,128,9788,861,9940.46%+3,733,016
CECO ENVIRONMENTAL CORP(CECO)071,844+71,84403,678,4130.19%+3,678,413
FIRST WATCH RESTAURANT GROUP258,538498,226+239,6884,146,9507,792,2550.40%+3,645,305
SPX TECHNOLOGIES INC82,75093,074+10,32413,875,52017,384,3620.90%+3,508,842
PERELLA WEINBERG PARTNERS(PWP)367,163494,652+127,4897,130,30510,545,9810.54%+3,415,676
SOLARIS ENERGY INFRASTRUCTURE INC(SEI)315,972308,798-7,1748,938,84812,342,6560.64%+3,403,808
KULICKE AND SOFFA INDUSTRIES(KLIC)173,592222,116+48,5246,006,2839,026,7940.47%+3,020,511
ALPHATEC HOLDINGS INC(ATEC)986,103956,049-30,05410,945,74313,900,9520.72%+2,955,209
PDF SOLUTIONS INC(PDFS)581,410594,610+13,20012,430,54615,352,8300.79%+2,922,284
LENDINGCLUB CORP(HAPN)0188,150+188,15002,857,9990.15%+2,857,999
MOELIS & CO(MC)267,451273,351+5,90016,667,54619,495,3931.01%+2,827,847
KORRO BIO INC058,911+58,91102,821,2480.15%+2,821,248
SAVARA INC(SVRA)2,186,4042,151,358-35,0464,985,0017,680,3480.40%+2,695,347
BOOT BARN HOLDINGS INC90,06097,953+7,89313,689,12016,232,7710.84%+2,543,651
KALVISTA PHARMACEUTICALS INC768,972917,975+149,0038,693,22811,180,9360.58%+2,487,708
VITAL FARMS INC603,874618,574+14,70023,261,22625,454,3201.31%+2,193,094
ONTO INNOVATION INC(ONTO)75,38575,38507,608,6089,741,2500.50%+2,132,642
CORCEPT THERAPEUTICS INC(CORT)150,906158,142+7,23611,076,50013,143,1820.68%+2,066,682
TTM TECHNOLOGIES INC(TTMI)812,551609,368-203,18333,168,33235,099,5971.81%+1,931,265
ARHAUS INC(ARHS)934,333934,33308,100,6679,931,9600.51%+1,831,293
UNITED THERAPEUTICS CORP DEL(UTHR)2,5805,474+2,894741,3632,294,7560.12%+1,553,393
ROBINHOOD MARKETS INC(HOOD)6,41014,575+8,165600,1682,086,8490.11%+1,486,681
LIFE360 INC(LIF)146,893103,971-42,9229,584,76811,052,1170.57%+1,467,349
NAPCO SECURITY(NSSC)227,852189,495-38,3576,764,9268,138,8100.42%+1,373,884
AXSOME THERAPEUTICS INC(AXSM)63,93565,505+1,5706,674,1757,955,5820.41%+1,281,407
AXOS FINANCIAL INC(AX)364,026341,262-22,76427,680,53728,887,8281.49%+1,207,291
FIVE BELOW(FIVE)47,69547,69506,256,6307,378,4170.38%+1,121,787
ICU MEDICAL INC(ICUI)09,138+9,13801,096,1940.06%+1,096,194
ROCKET COMPANIES INC(RKT)054,049+54,04901,047,4700.05%+1,047,470
FIGURE TECHNOLOGY SOLUTIONS(FGRS)027,860+27,86001,013,2680.05%+1,013,268
PAGAYA TECHNOLOGIES(PGY)031,165+31,1650925,2890.05%+925,289
COASTAL FINANCIAL CORP(CCB)78,99578,182-8137,652,2468,456,9470.44%+804,701
AGILYSYS INC(AGYS)182,066205,857+23,79120,872,04621,666,4491.12%+794,403
LATHAM GROUP INC642,554642,55404,099,4954,889,8360.25%+790,341
SOUTHSTATE BANK CORP07,930+7,9300784,0390.04%+784,039
EVERQUOTE INC(EVER)362,967416,662+53,6958,776,5429,529,0600.49%+752,518
ONESPAWORLD HOLDINGS LIMITED585,525600,025+14,50011,938,85512,684,5290.65%+745,674
ESQUIRE FINANCIAL HOLDINGS(ESQ)17,64022,968+5,3281,669,8022,343,9990.12%+674,197
KLARNA GROUP(KLAR)017,146+17,1460628,4010.03%+628,401
UMB FINANCIAL CORP(UMBF)121,672113,316-8,35612,795,02813,410,9490.69%+615,921
NU HOLDINGS LTD(NU)037,532+37,5320600,8870.03%+600,887
BITMINE IMMERSION TECHNOLOGIES(BMNP)011,558+11,5580600,2070.03%+600,207
SOFI TECHNOLOGIES(SOFI)022,392+22,3920591,5970.03%+591,597
ORTHOFIX MEDICAL INC37,62566,322+28,697419,519970,9540.05%+551,435
LIVE OAK BANCSHARES INC(LOB)014,526+14,5260511,6060.03%+511,606
BANK OZK(OZK)09,842+9,8420501,7450.03%+501,745
NEPTUNE INSURANCE HOLDINGS(NP)024,761+24,7610495,2200.03%+495,220
DAVE INC(DAVE)02,478+2,4780493,9890.03%+493,989
BANK7 CORP010,435+10,4350482,8270.02%+482,827
AFFIRM HOLDINGS INC(AFRM)06,520+6,5200476,4820.02%+476,482
MECHANICS BANCORP(MCHB)25,57260,462+34,890334,226804,7490.04%+470,523
REMITLY GLOBAL(RELY)028,159+28,1590458,9920.02%+458,992
GBANK FINANCIAL HOLDINGS INC87,18988,689+1,5003,087,3623,482,8170.18%+395,455
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