Emerald Mutual Fund Advisers Trust
Net buyer this quarter
$2.85B
196
+$11.8M
16.7%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 TVTX | $58.6M | 2.06% | 1.10% | +9.2% | Q2 2023 |
 CDNL | $51.7M | 1.82% | Not reported | +53.0% | Q4 2025 |
 MRCY | $50.4M | 1.77% | 0.69% | +9.8% | Q2 2016 |
 AIR | $48.2M | 1.69% | 0.85% | +20.4% | Q4 2022 |
 VSEC | $47.9M | 1.68% | 0.75% | +7.0% | Q1 2025 |
 KLIC | $46.7M | 1.64% | 0.67% | Not reported | Q4 2019 |
 AGX | $46.4M | 1.63% | 0.41% | -1.4% | Q3 2025 |
 CECO | $42.8M | 1.50% | 0.81% | +50.1% | Q3 2025 |
 IDCC | $42M | 1.48% | 0.57% | +144.3% | Q1 2024 |
 SMTC | $41.7M | 1.46% | 0.28% | -9.7% | Q3 2018 |
 ACLS | $41.6M | 1.46% | 0.71% | +362.8% | Q1 2026 |
 ESE | $40.8M | 1.43% | 0.45% | +18.2% | Q2 2025 |
 GH | $40.7M | 1.43% | 0.20% | -47.8% | Q1 2025 |
 LIVN | $40.5M | 1.42% | 0.90% | +8.5% | Q4 2018 |
 PLXS | $40.5M | 1.42% | 0.50% | +31.7% | Q1 2026 |
 CORT | $40.4M | 1.42% | 0.43% | +158.8% | Q1 2025 |
 PDFS | $40.1M | 1.41% | 1.35% | -4.7% | Q3 2013 |
 COGT | $39.9M | 1.40% | 0.60% | +0.3% | Q2 2025 |
 COHU | $39.4M | 1.39% | 1.06% | +8.9% | Q4 2020 |
 ALGT | $36.9M | 1.30% | 1.70% | +48.1% | Q2 2022 |
 LGN | $36.3M | 1.27% | Not reported | New | Q2 2026 |
 AX | $35.7M | 1.26% | 0.65% | +8.9% | Q4 2019 |
 SYRE | $35.6M | 1.25% | 0.46% | -1.7% | Q3 2024 |
 MOD | $35M | 1.23% | 0.25% | -44.4% | Q2 2024 |
 MIRM | $33.9M | 1.19% | 0.45% | +15.6% | Q2 2025 |
 UMBF | $33.6M | 1.18% | 0.31% | +48.6% | Q2 2020 |
 SEI | $32.6M | 1.15% | Not reported | +28.8% | Q2 2017 |
 BOOT | $32.4M | 1.14% | 0.65% | +52.5% | Q4 2024 |
 LASR | $31.2M | 1.10% | 0.78% | +4.3% | Q3 2025 |
 RSI | $30M | 1.05% | 0.49% | +2.7% | Q4 2024 |
 AGYS | $29M | 1.02% | 0.98% | +34.9% | Q2 2023 |
 SXT | $29M | 1.02% | 0.55% | New | Q2 2026 |
 COMP | $27M | 0.95% | 0.29% | +49.4% | Q3 2024 |
 ATRO | $26.6M | 0.93% | 0.81% | -6.4% | Q4 2013 |
 TTMI | $26.6M | 0.93% | 0.13% | -69.8% | Q3 2024 |
 FRPT | $26.4M | 0.93% | 0.92% | +48.3% | Q1 2017 |
 LTH | $25.8M | 0.91% | 0.28% | +78.0% | Q1 2025 |
 MANE | $25.8M | 0.91% | 0.50% | +92.1% | Q1 2026 |
 TEX | $25.8M | 0.91% | 0.31% | New | Q2 2026 |
 FA | $25.7M | 0.90% | 0.83% | +112.0% | Q2 2021 |
 IPGP | $24.7M | 0.87% | 0.50% | +9.5% | Q2 2013 |
 EYE | $24.7M | 0.87% | 1.62% | +38.5% | Q1 2020 |
 BLLN | $24.5M | 0.86% | 1.82% | +54.3% | Q4 2025 |
 DIOD | $24.2M | 0.85% | 0.48% | +94.0% | Q3 2020 |
 HRI | $24.2M | 0.85% | 0.51% | Not reported | Q4 2021 |
 CYTK | $23.8M | 0.84% | 0.22% | +106.5% | Q2 2022 |
 MXL | $23.4M | 0.82% | 0.20% | Not reported | Q1 2017 |
 VRNS | $23.3M | 0.82% | 0.48% | Not reported | Q3 2016 |
 TRVI | $22.6M | 0.79% | 0.85% | -4.1% | Q4 2025 |
 MC | $22.4M | 0.79% | Not reported | Not reported | Q2 2014 |
| Q1 2026 | |||||
| MOD | $51.2M | 2.48% | 0.45% | +0.3% | Q2 2024 |
| GH | $48M | 2.33% | 0.40% | -0.8% | Q1 2025 |
 BE | $47.7M | 2.31% | 0.13% | +0.2% | Q3 2024 |
| TTMI | $45.8M | 2.22% | 0.45% | -14.1% | Q3 2024 |
| COGT | $39.6M | 1.92% | 0.60% | -0.9% | Q2 2025 |
| VSEC | $36.1M | 1.75% | 0.70% | +16.4% | Q1 2025 |
 KTOS | $36M | 1.75% | 0.27% | -2.2% | Q4 2016 |
 FN | $33.9M | 1.64% | 0.18% | -1.2% | Q1 2023 |
| AGX | $32.1M | 1.56% | 0.42% | Not reported | Q3 2025 |
| AIR | $30.7M | 1.49% | 0.70% | +10.9% | Q4 2022 |
| LIVN | $28.9M | 1.40% | 0.83% | -0.4% | Q4 2018 |
| AX | $28.7M | 1.39% | 0.59% | -1.3% | Q4 2019 |
 CRDO | $28.3M | 1.37% | 0.16% | +2.0% | Q2 2022 |
| TVTX | $28.1M | 1.36% | 1.02% | -0.4% | Q2 2023 |
| ESE | $27.7M | 1.34% | 0.38% | Not reported | Q2 2025 |
| MRCY | $27.4M | 1.33% | 0.63% | +11.7% | Q2 2016 |
 RMBS | $26.4M | 1.28% | 0.28% | -21.5% | Q1 2023 |
| LASR | $24.5M | 1.19% | 0.76% | Not reported | Q3 2025 |
| EYE | $24.3M | 1.18% | 1.18% | Not reported | Q1 2020 |
 BBIO | $23.8M | 1.15% | 0.16% | +1.1% | Q2 2023 |
| MIRM | $23.1M | 1.12% | 0.41% | +3.3% | Q2 2025 |
 AAOI | $23M | 1.12% | 0.34% | -31.9% | Q3 2013 |
| KLIC | $23M | 1.11% | 0.67% | +8.3% | Q4 2019 |
 TMDX | $22.8M | 1.11% | 0.66% | -0.3% | Q2 2019 |
| IPGP | $22.1M | 1.07% | 0.45% | +57.5% | Q2 2013 |
| SMTC | $21.9M | 1.06% | 0.31% | Not reported | Q3 2018 |
| RSI | $21.4M | 1.04% | 0.48% | Not reported | Q4 2024 |
| PLXS | $20.7M | 1.00% | 0.38% | New | Q1 2026 |
| SYRE | $20.6M | 1.00% | 0.52% | -1.0% | Q3 2024 |
 AVAV | $20.6M | 1.00% | 0.23% | -10.6% | Q4 2022 |
 IMAX | $20M | 0.97% | 0.96% | Not reported | Q3 2015 |
 STRL | $19.9M | 0.97% | 0.16% | Not reported | Q2 2025 |
| MC | $19.5M | 0.95% | Not reported | -5.8% | Q2 2014 |
 PLMR | $19.5M | 0.95% | 0.62% | +1.0% | Q3 2019 |
| PDFS | $19.4M | 0.94% | 1.49% | Not reported | Q3 2013 |
| BOOT | $18.9M | 0.92% | 0.43% | +18.7% | Q4 2024 |
| CECO | $18.7M | 0.91% | 0.88% | +20.5% | Q3 2025 |
| ATRO | $18.6M | 0.90% | 0.86% | +78.1% | Q4 2013 |
 SPXC | $18.6M | 0.90% | 0.19% | Not reported | Q3 2024 |
 NKTR | $18.4M | 0.89% | 1.26% | +1.2% | Q3 2025 |
| IDCC | $18.3M | 0.89% | 0.23% | +99.8% | Q1 2024 |
| OLLI | $18.2M | 0.88% | 0.32% | +6.4% | Q3 2015 |
| UMBF | $17.9M | 0.87% | 0.21% | Not reported | Q2 2020 |
 ARLO | $17.9M | 0.87% | 1.16% | +1.5% | Q2 2024 |
| SEI | $17.8M | 0.86% | Not reported | +0.9% | Q2 2017 |
| FRPT | $17.7M | 0.86% | 0.61% | +19.3% | Q1 2017 |
 TBBK | $17.7M | 0.86% | 0.79% | -7.0% | Q3 2014 |
 SKWD | $17.6M | 0.85% | 0.90% | +1.1% | Q1 2023 |
 PIPR | $17.2M | 0.84% | 0.33% | New | Q1 2026 |
| ALGT | $17.2M | 0.83% | 1.15% | Not reported | Q2 2022 |
| Q4 2025 | |||||
| GH | $53.5M | 2.61% | 0.40% | -5.8% | Q1 2025 |
| CRDO | $42.5M | 2.07% | 0.16% | -15.5% | Q2 2022 |
| KTOS | $39.6M | 1.93% | 0.31% | -11.0% | Q4 2016 |
| TTMI | $37.8M | 1.84% | 0.53% | -10.2% | Q3 2024 |
| COGT | $36.9M | 1.80% | 0.65% | +1.5% | Q2 2025 |
| TVTX | $36.2M | 1.77% | 1.04% | -21.0% | Q2 2023 |
| RMBS | $35.9M | 1.75% | 0.36% | Not reported | Q1 2023 |
 LITE | $32M | 1.56% | 0.12% | -59.7% | Q1 2016 |
| MOD | $31.4M | 1.53% | 0.45% | +0.6% | Q2 2024 |
| BE | $30.5M | 1.49% | 0.15% | -14.2% | Q3 2024 |
| AVAV | $30.4M | 1.48% | 0.25% | -11.2% | Q4 2022 |
| FN | $30M | 1.46% | 0.18% | Not reported | Q1 2023 |
| AX | $29.4M | 1.43% | 0.60% | Not reported | Q4 2019 |
| VSEC | $29.1M | 1.42% | 0.72% | +24.2% | Q1 2025 |
| LIVN | $28.1M | 1.37% | 0.83% | +30.5% | Q4 2018 |
| TMDX | $28M | 1.36% | 0.67% | -3.6% | Q2 2019 |
| MC | $25M | 1.22% | Not reported | +33.0% | Q2 2014 |
| MRCY | $24.5M | 1.20% | 0.57% | Not reported | Q2 2016 |
| AGYS | $24.5M | 1.19% | 0.73% | Not reported | Q2 2023 |
| BBIO | $24.2M | 1.18% | 0.16% | -23.0% | Q2 2023 |
| EYE | $24.2M | 1.18% | 1.18% | -3.0% | Q1 2020 |
 WVE | $24M | 1.17% | 0.75% | -19.9% | Q2 2024 |
| TBBK | $23.9M | 1.16% | 0.83% | -1.0% | Q3 2014 |
 VITL | $22.3M | 1.09% | 1.56% | +12.9% | Q2 2024 |
| PLMR | $21.8M | 1.06% | 0.61% | +0.9% | Q3 2019 |
 ATI | $21.1M | 1.03% | 0.14% | Not reported | Q3 2017 |
| SMTC | $21M | 1.02% | 0.31% | +14.7% | Q3 2018 |
| AIR | $20.9M | 1.02% | 0.64% | +19.7% | Q4 2022 |
| OLLI | $20.3M | 0.99% | 0.30% | Not reported | Q3 2015 |
 QTWO | $20.3M | 0.99% | 0.45% | -5.2% | Q1 2014 |
| SKWD | $20.3M | 0.99% | 0.98% | +1.6% | Q1 2023 |
| IMAX | $19.4M | 0.95% | 0.98% | +252.1% | Q3 2015 |
| ESE | $19.2M | 0.94% | 0.38% | +12.7% | Q2 2025 |
| BOOT | $19.2M | 0.94% | 0.36% | +11.2% | Q4 2024 |
 ATEC | $19.1M | 0.93% | 0.61% | -4.8% | Q4 2023 |
| MIRM | $19.1M | 0.93% | 0.47% | +10.6% | Q2 2025 |
| RSI | $19.1M | 0.93% | 0.48% | +19.0% | Q4 2024 |
 SITM | $18.7M | 0.91% | 0.20% | -46.5% | Q4 2019 |
| SPXC | $18.6M | 0.91% | 0.19% | Not reported | Q3 2024 |
| AGX | $18.5M | 0.90% | 0.42% | +12.6% | Q3 2025 |
| UMBF | $18.2M | 0.89% | 0.21% | +40.0% | Q2 2020 |
| VRNS | $18.2M | 0.89% | 0.47% | Not reported | Q3 2016 |
 COLL | $18.1M | 0.88% | 1.24% | -1.0% | Q4 2019 |
| ALGT | $18.1M | 0.88% | 1.16% | -18.8% | Q2 2022 |
 RDNT | $17.9M | 0.87% | 0.32% | -32.6% | Q3 2023 |
 EVLV | $17.9M | 0.87% | 1.43% | +84.0% | Q3 2025 |
| ARLO | $17.3M | 0.84% | 1.18% | +26.4% | Q2 2024 |
 PI | $17.3M | 0.84% | 0.33% | +11.4% | Q2 2023 |
| PDFS | $17M | 0.83% | 1.50% | Not reported | Q3 2013 |
| PJC | $16.7M | 0.81% | Not reported | New | Q4 2025 |
| Q3 2025 | |||||
| KTOS | $53.6M | 2.77% | 0.35% | -30.8% | Q4 2016 |
| CRDO | $50.9M | 2.63% | 0.20% | -30.6% | Q2 2022 |
| AVAV | $44.6M | 2.30% | 0.28% | -0.2% | Q4 2022 |
| RMBS | $40.8M | 2.10% | 0.36% | -6.0% | Q1 2023 |
| TTMI | $35.1M | 1.81% | 0.59% | -25.0% | Q3 2024 |
| LITE | $35.1M | 1.81% | 0.30% | -10.9% | Q1 2016 |
| GH | $34.7M | 1.79% | 0.44% | +33.7% | Q1 2025 |
| BE | $34.6M | 1.79% | 0.18% | +93.1% | Q3 2024 |
| MOD | $33.3M | 1.72% | 0.45% | +26.1% | Q2 2024 |
| VRNS | $31.9M | 1.65% | 0.47% | +2.4% | Q3 2016 |
| SITM | $29.7M | 1.54% | 0.38% | +10.6% | Q4 2019 |
| AX | $28.9M | 1.49% | 0.60% | -6.3% | Q4 2019 |
| TVTX | $28.7M | 1.48% | 1.34% | +5.2% | Q2 2023 |
| RDNT | $28.4M | 1.47% | 0.48% | -12.0% | Q3 2023 |
| EYE | $28.2M | 1.46% | 1.22% | +15.5% | Q1 2020 |
| TMDX | $26.8M | 1.38% | 0.70% | -6.7% | Q2 2019 |
| TBBK | $26.7M | 1.38% | 0.80% | -2.6% | Q3 2014 |
| MRCY | $26M | 1.34% | 0.57% | +27.7% | Q2 2016 |
| SLNO | $25.7M | 1.33% | 0.71% | -6.4% | Q3 2023 |
| VITL | $25.5M | 1.31% | 1.38% | +2.4% | Q2 2024 |
| FN | $24M | 1.24% | 0.18% | -23.5% | Q1 2023 |
| OLLI | $23.8M | 1.23% | 0.30% | Not reported | Q3 2015 |
| VSEC | $22.5M | 1.16% | 0.66% | +2.3% | Q1 2025 |
| AGYS | $21.7M | 1.12% | 0.73% | +13.1% | Q2 2023 |
| QTWO | $21.5M | 1.11% | 0.48% | +2.2% | Q1 2014 |
| BBIO | $21.4M | 1.10% | 0.21% | -36.3% | Q2 2023 |
| IDCC | $21.1M | 1.09% | 0.24% | -40.2% | Q1 2024 |
| MC | $19.5M | 1.01% | Not reported | +2.2% | Q2 2014 |
| AIR | $18.9M | 0.98% | 0.58% | +8.7% | Q4 2022 |
| PLMR | $18.7M | 0.97% | 0.60% | -15.6% | Q3 2019 |
| SKWD | $18.6M | 0.96% | 0.97% | -10.1% | Q1 2023 |
| ESE | $18.5M | 0.95% | 0.34% | +87.5% | Q2 2025 |
| LIVN | $18.3M | 0.95% | 0.64% | +8.1% | Q4 2018 |
 AMSC | $18.3M | 0.94% | 0.68% | +43.9% | Q4 2020 |
| SMTC | $17.8M | 0.92% | 0.29% | Not reported | Q3 2018 |
 CVLT | $17.5M | 0.91% | 0.21% | +119.0% | Q3 2024 |
| SPXC | $17.4M | 0.90% | 0.19% | +12.5% | Q3 2024 |
 IONQ | $17.1M | 0.88% | 0.09% | +58.9% | Q2 2025 |
| RSI | $16.9M | 0.87% | 0.40% | +11.0% | Q4 2024 |
| ARLO | $16.6M | 0.86% | 0.93% | +0.8% | Q2 2024 |
| STRL | $16.6M | 0.86% | 0.16% | +42.9% | Q2 2025 |
 MIR | $16.4M | 0.85% | 3.76% | +27.3% | Q4 2024 |
| BOOT | $16.2M | 0.84% | 0.32% | +8.8% | Q4 2024 |
| PI | $16.1M | 0.83% | 0.30% | -5.0% | Q2 2023 |
 MDGL | $16.1M | 0.83% | 0.15% | -5.0% | Q4 2022 |
| MIRM | $16.1M | 0.83% | 0.43% | +0.7% | Q2 2025 |
| ALGT | $15.9M | 0.82% | 1.42% | +34.8% | Q2 2022 |
| PDFS | $15.4M | 0.79% | 1.51% | +2.3% | Q3 2013 |
| ATI | $14.9M | 0.77% | 0.14% | +2.4% | Q3 2017 |
| COGT | $14.7M | 0.76% | 0.73% | +14.2% | Q2 2025 |