EMERALD MUTUAL FUND ADVISERS TRUST

Mutual Fund

CIK

1352895

Location

Leola, PA

Portfolio Value

Mid $2,753,264,593

Diversification

Diversified

Filing Date

Global Rank

#1,108 / 8,700 ▲ 329

Top Industry

Biotechnology 14.3%

Period ended 2 months ago

Filed Aug 5, 2026 · 39d

26 quarters · since Mar 2020

Portfolio Concentration

194 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

2.1%

−1.3 pts

Top 5

9.3%

−3.6 pts

Top 10

17.3%

−4.3 pts

HHI

104

Diversified−10

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	26.1%	$717,407,366	40
Industrials	23.2%	$639,509,764	31
Healthcare	22.3%	$614,372,696	41
Financial Services	11.1%	$304,834,969	51
Consumer Cyclical	8.6%	$237,873,209	14
Energy	2.9%	$78,642,287	6
Consumer Defensive	1.9%	$51,372,211	3
Basic Materials	1.8%	$50,910,940	3
Communication Services	1.1%	$31,313,484	3
Real Estate	1.0%	$27,027,667	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
FA	First Advantage Corp	+753,142	1,425,858	$25,736,736
COMP	Compass, Inc.	+723,131	2,185,814	$26,951,086
ARHS	Arhaus, Inc.	+586,271	1,576,486	$13,274,012
RXO	RXO, Inc.	+485,083	761,015	$20,996,403
QBTS	D-Wave Quantum Inc.	+385,444	744,084	$17,850,575
EYE	National Vision Holdings, Inc.	+360,688	1,298,228	$24,679,314
TTI	Tetra Technologies Inc	+329,101	1,970,377	$22,324,371
CORT	Corcept Therapeutics Inc	+285,295	464,902	$40,423,228
BOBS	Bob's Discount Furniture, Inc.	+284,903	1,049,648	$16,605,431
LTH	Life Time Group Holdings, Inc.	+277,348	632,840	$25,845,185
FWRG	First Watch Restaurant Group, Inc.	+254,536	823,954	$10,620,767
CDNL	Cardinal Infrastructure Group Inc.	+190,234	549,297	$51,743,777
ACLS	Axcelis Technologies Inc	+172,031	219,443	$41,573,476
HAPN	Happen, Inc.	+170,500	871,131	$18,067,256
CECO	Ceco Environmental Corp	+157,215	471,220	$42,758,502
FRPT	Freshpet, Inc.	+145,187	446,119	$26,374,555
CYTK	Cytokinetics Inc	+144,305	279,769	$23,833,521
ATRO	Astronics Corp	+113,595	392,754	$31,570,875
POWI	Power Integrations Inc	+110,902	172,196	$14,423,136
EE	Excelerate Energy, Inc.	+110,826	299,991	$11,396,658
DIOD	Diodes Inc /Del/	+107,283	221,380	$24,227,827
SBCF	Seacoast Banking Corp Of Florida	+107,281	433,797	$14,423,750
ALGT	Allegiant Travel CO	+101,836	313,661	$36,886,533
ATEC	Alphatec Holdings, Inc.	+101,260	1,258,086	$10,882,443
MANE	Veradermics, Inc	+100,641	209,924	$25,808,056
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PWP	Perella Weinberg Partners	−616,011	5,763	$91,977
LMRI	Lumexa Imaging Holdings, Inc.	−557,296	96,046	$1,083,398
BE	Bloom Energy Corp	−351,043	1,135	$343,564
TTMI	Ttm Technologies Inc	−327,885	142,120	$26,579,282
BBIO	BridgeBio Pharma, Inc.	−301,470	18,741	$1,395,829
CRDO	Credo Technology Group Holding Ltd	−295,607	5,730	$1,558,273
SWIM	Latham Group, Inc.	−290,900	351,654	$2,275,201
GH	Guardant Health, Inc.	−248,165	271,380	$40,715,141
RMBS	Rambus Inc	−167,973	139,275	$18,487,363
AII	American Integrity Insurance Group, Inc.	−159,805	11,624	$218,879
SKWD	Skyward Specialty Insurance Group, Inc.	−135,749	266,150	$15,529,852
AAOI	Applied Optoelectronics, Inc.	−134,801	136,959	$20,291,845
MOD	Modine Manufacturing Co	−104,884	131,187	$35,029,552
OFRM	Once Upon a Farm, PBC	−82,825	129,422	$2,650,562
KTOS	Kratos Defense & Security Solutions, Inc.	−67,504	443,152	$22,095,558
TRVI	Trevi Therapeutics, Inc.	−51,527	1,210,965	$22,584,497
PGY	Pagaya Technologies Ltd.	−44,992	29,648	$541,076
MTUS	Metallus Inc.	−40,946	196,964	$3,681,257
HTFL	Heartflow, Inc.	−37,163	94,099	$2,760,864
SYNA	SYNAPTICS Inc	−31,308	177,551	$22,057,160
PDFS	Pdf Solutions Inc	−28,181	566,429	$40,097,508
SMTC	Semtech Corp	−27,678	257,359	$41,653,554
NP	Neptune Insurance Holdings Inc.	−27,631	55,248	$1,740,312
RKT	Rocket Companies, Inc.	−25,501	28,548	$449,631
EVER	EverQuote, Inc.	−14,338	397,268	$9,451,005
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
LGN	Legence Corp.	425,628	$36,276,274
SXT	Sensient Technologies Corp	235,343	$29,015,438
TEX	Terex Corp	356,029	$25,772,939
HRI	Herc Holdings Inc	168,972	$24,220,446
MXL	Maxlinear, Inc	182,695	$23,390,440
MTRN	MATERION Corp	61,247	$18,214,245
NPKI	NPK International Inc.	1,074,368	$17,093,194
AMBQ	Ambiq Micro, Inc.	159,131	$14,051,267
HIMS	Hims & Hers Health, Inc.	398,842	$13,827,852
DNTH	Dianthus Therapeutics, Inc. /DE/	131,018	$12,771,634
ALMR	Alamar Biosciences, Inc.	422,127	$11,435,420
LPTH	Lightpath Technologies Inc	607,882	$9,938,870
WHK	WhiteHawk Minerals Corp.	263,810	$7,339,194
VRDN	Viridian Therapeutics, Inc.\DE	395,546	$7,266,180
AVEX	AEVEX Corp.	341,108	$7,125,746
DFTX	Definium Therapeutics, Inc.	121,249	$5,703,552
AMBA	Ambarella Inc	65,731	$5,639,719
FCBM	First Carolina Financial Services, Inc.	414,090	$5,482,551
HAWK	HawkEye 360, Inc.	205,363	$4,152,439
EROC	ERock, Inc.	182,249	$2,642,610
SEZL	Sezzle Inc.	6,378	$1,094,656
AMZN	Amazon Com Inc	4,504	$1,073,483
FRBT	Forbright, Inc.	50,000	$914,500
OPFI	OppFi Inc.	91,433	$907,929
P	Everpure, Inc.	6,454	$508,510
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
DYTA	SGI Dynamic Tactical ETF	1,997,035	$69,870,263
FN	Fabrinet	65,010	$33,904,015
STRL	Sterling Infrastructure, Inc.	48,875	$19,905,321
SPXC	SPX Technologies, Inc.	93,074	$18,609,215
SITM	SITIME Corp	41,170	$14,218,059
CRS	Carpenter Technology Corp	35,876	$14,140,525
ATI	Ati Inc	93,847	$13,650,984
FIVE	Five Below, Inc	47,695	$10,897,353
COLL	Collegium Pharmaceutical, Inc	306,074	$10,121,867
MDGL	Madrigal Pharmaceuticals, Inc.	16,500	$8,637,255
IONQ	IonQ, Inc.	277,668	$8,005,168
—		183,263	$5,023,238
BYRN	Byrna Technologies Inc.	320,151	$2,938,986
ITGR	Integer Holdings Corp	16,593	$1,460,184
XERS	Xeris Biopharma Holdings, Inc.	207,543	$1,203,749
LITE	Lumentum Holdings Inc.	1,243	$873,530
NWFL	Norwood Financial Corp	25,000	$735,500
GLNG	Golar Lng Ltd	9,171	$496,242
SHOP	Shopify Inc.	4,053	$480,766
ACAD	Acadia Pharmaceuticals Inc	16,576	$368,981
MP	MP Materials Corp. / DE	6,966	$336,179
CHYM	Chime Financial, Inc.	15,488	$290,090
BMNR	Bitmine Immersion Technologies, Inc.	11,558	$228,617
COIN	Coinbase Global, Inc.	1,251	$218,437
CRCL	Circle Internet Group, Inc.	2,282	$217,725
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

194 tracked positions · $2,753,264,593 total · filing declares 197 positions · $2,845,668,516 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 194 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TVTX	Travere Therapeutics, Inc. Healthcare	Added	1,032,024	+86,991	$58,629,283	+108.8%	2.13%
CDNL	Cardinal Infrastructure Group Inc. Industrials	Added	549,297	+190,234	$51,743,777	+263.4%	1.88%
MRCY	Mercury Systems Inc Industrials	Added	412,354	+36,882	$50,443,264	+84.3%	1.83%
AIR	Aar Corp Industrials	Added	337,416	+57,159	$48,226,868	+57.2%	1.75%
VSEC	Vse Corp Industrials	Added	209,628	+13,713	$47,899,998	+32.6%	1.74%
KLIC	Kulicke & Soffa Industries Inc Technology	Held	349,295	0	$46,721,699	+103.5%	1.70%
AGX	Argan Inc Industrials	Reduced	58,115	-828	$46,407,733	+44.6%	1.69%
CECO	Ceco Environmental Corp Industrials	Added	471,220	+157,215	$42,758,502	+128.6%	1.55%
IDCC	InterDigital, Inc. Technology	Added	148,255	+87,579	$41,975,438	+129.1%	1.52%
SMTC	Semtech Corp Technology	Reduced	257,359	-27,678	$41,653,554	+90.1%	1.51%
ACLS	Axcelis Technologies Inc Technology	Added	219,443	+172,031	$41,573,476	+842.0%	1.51%
ESE	Esco Technologies Inc Technology	Added	116,457	+17,955	$40,764,608	+47.1%	1.48%
GH	Guardant Health, Inc. Healthcare	Reduced	271,380	-248,165	$40,715,141	−15.2%	1.48%
LIVN	LivaNova PLC Healthcare	Added	492,868	+38,539	$40,528,535	+40.3%	1.47%
PLXS	Plexus Corp Technology	Added	134,746	+32,468	$40,514,079	+95.6%	1.47%
CORT	Corcept Therapeutics Inc Healthcare	Added	464,902	+285,295	$40,423,228	+458.3%	1.47%
PDFS	Pdf Solutions Inc Technology	Reduced	566,429	-28,181	$40,097,508	+106.2%	1.46%
COGT	Cogent Biosciences, Inc. Healthcare	Added	1,031,378	+2,546	$39,914,328	+0.8%	1.45%
COHU	Cohu Inc Technology	Added	533,619	+43,769	$39,439,780	+162.9%	1.43%
ALGT	Allegiant Travel CO Industrials	Added	313,661	+101,836	$36,886,533	+114.9%	1.34%
LGN	Legence Corp. Industrials	NEW	425,628	NEW	$36,276,274	NEW	1.32%
AX	Axos Financial, Inc. Financial Services	Added	366,712	+29,972	$35,714,081	+24.6%	1.30%
SYRE	Spyre Therapeutics, Inc. Healthcare	Reduced	401,271	-6,842	$35,624,839	+73.1%	1.29%
MOD	Modine Manufacturing Co Consumer Cyclical	Reduced	131,187	-104,884	$35,029,552	−31.5%	1.27%
MIRM	Mirum Pharmaceuticals, Inc. Healthcare	Added	289,372	+38,973	$33,876,780	+46.5%	1.23%
UMBF	Umb Financial Corp Financial Services	Added	235,696	+77,079	$33,647,960	+88.1%	1.22%
SEI	Solaris Energy Infrastructure, Inc. Energy	Added	405,313	+90,531	$32,611,483	+83.3%	1.18%
BOOT	Boot Barn Holdings, Inc. Consumer Cyclical	Added	197,079	+67,819	$32,374,167	+71.1%	1.18%
ATRO	Astronics Corp Industrials	Added	392,754	+113,595	$31,570,875	+69.5%	1.15%
LASR	Nlight, Inc. Technology	Added	448,422	+18,650	$31,219,139	+27.4%	1.13%
RSI	Rush Street Interactive, Inc. Consumer Cyclical	Added	1,007,943	+26,042	$29,976,224	+40.4%	1.09%
AGYS	Agilysys Inc Technology	Added	277,666	+71,809	$29,016,097	+98.1%	1.05%
SXT	Sensient Technologies Corp Basic Materials	NEW	235,343	NEW	$29,015,438	NEW	1.05%
COMP	Compass, Inc. Real Estate	Added	2,185,814	+723,131	$26,951,086	+152.1%	0.98%
TTMI	Ttm Technologies Inc Technology	Reduced	142,120	-327,885	$26,579,282	−42.0%	0.97%
FRPT	Freshpet, Inc. Consumer Defensive	Added	446,119	+145,187	$26,374,555	+48.6%	0.96%
LTH	Life Time Group Holdings, Inc. Consumer Cyclical	Added	632,840	+277,348	$25,845,185	+169.9%	0.94%
MANE	Veradermics, Inc Healthcare	Added	209,924	+100,641	$25,808,056	+274.0%	0.94%
TEX	Terex Corp Industrials	NEW	356,029	NEW	$25,772,939	NEW	0.94%
FA	First Advantage Corp Industrials	Added	1,425,858	+753,142	$25,736,736	+225.3%	0.93%
IPGP	Ipg Photonics Corp Technology	Added	210,791	+18,334	$24,730,000	+12.1%	0.90%
EYE	National Vision Holdings, Inc. Consumer Cyclical	Added	1,298,228	+360,688	$24,679,314	+1.6%	0.90%
BLLN	BillionToOne, Inc. Healthcare	Added	203,990	+71,784	$24,474,720	+134.5%	0.89%
DIOD	Diodes Inc /Del/ Technology	Added	221,380	+107,283	$24,227,827	+211.1%	0.88%
HRI	Herc Holdings Inc Industrials	NEW	168,972	NEW	$24,220,446	NEW	0.88%
CYTK	Cytokinetics Inc Healthcare	Added	279,769	+144,305	$23,833,521	+166.9%	0.87%
MXL	Maxlinear, Inc Technology	NEW	182,695	NEW	$23,390,440	NEW	0.85%
VRNS	Varonis Systems Inc Technology	Held	555,882	0	$23,324,808	+95.4%	0.85%
TRVI	Trevi Therapeutics, Inc. Healthcare	Reduced	1,210,965	-51,527	$22,584,497	+49.9%	0.82%
MC	Moelis & Co Financial Services	Held	342,465	0	$22,404,060	+14.8%	0.81%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.