Emerald Mutual Fund Advisers Trust
LEOLA, PA
$2.8bn in 197 US stocks at the end of 30 June 2026. The top 10 are 18.5% of the money. It changed about 27.7% of the portfolio this quarter.
Value
$2.8bn
Stocks
197
Top 10 share
18.5%
Turnover
27.7%
What changed this quarter
New
Bought for the first time this quarter.
- LegenceLGN1.3% of the fund
- Sensient TechnologiesSXT1.0% of the fund
- TerexTEX0.9% of the fund
- Herc HoldingsHRI0.9% of the fund
- MaxlinearMXL0.8% of the fund
- MaterionMTRN0.6% of the fund
- NPK InternationalNPKI0.6% of the fund
- Ambiq MicroAMBQ0.5% of the fund
- Hims & Hers HealthHIMS0.5% of the fund
- Dianthus TherapeuticsDNTH0.4% of the fund
- Alamar BiosciencesALMR0.4% of the fund
- Lightpath TechnologiesLPTH0.3% of the fund
- WhiteHawk MineralsWHK0.3% of the fund
- Viridian TherapeuticsVRDN0.3% of the fund
- AevexAVEX0.3% of the fund
- Definium TherapeuticsDFTX0.2% of the fund
- AmbarellaAMBA0.2% of the fund
- First Carolina Financial ServicesFCBM0.2% of the fund
- Astronics Corp CL BATROB0.2% of the fund
- HawkEye 360HAWK0.1% of the fund
- ERockEROC<0.1% of the fund
- SezzleSEZL<0.1% of the fund
- Amazon.comAMZN<0.1% of the fund
- ForbrightFRBT<0.1% of the fund
- OppFiOPFI<0.1% of the fund
Added
Bought more of a stock they already held.
- Travere TherapeuticsTVTX2.1% of the fund+9%
- Cardinal Infrastructure GroupCDNL1.8% of the fund+53%
- Mercury SystemsMRCY1.8% of the fund+10%
- AARAIR1.7% of the fund+20%
- VSEVSEC1.7% of the fund+7%
- Ceco EnvironmentalCECO1.5% of the fund+50%
- InterDigitalIDCC1.5% of the fund+144%
- Axcelis TechnologiesACLS1.5% of the fund+363%
- Esco TechnologiesESE1.4% of the fund+18%
- LivaNovaLIVN1.4% of the fund+8%
- PlexusPLXS1.4% of the fund+32%
- Corcept TherapeuticsCORT1.4% of the fund+159%
- CohuCOHU1.4% of the fund+9%
- Allegiant TravelALGT1.3% of the fund+48%
- Axos FinancialAX1.3% of the fund+9%
- Mirum PharmaceuticalsMIRM1.2% of the fund+16%
- UMB FinancialUMBF1.2% of the fund+49%
- Solaris Energy InfrastructureSEI1.1% of the fund+29%
- Boot Barn HoldingsBOOT1.1% of the fund+52%
- NlightLASR1.1% of the fund+4%
- Rush Street InteractiveRSI1.1% of the fund+3%
- AgilysysAGYS1.0% of the fund+35%
- CompassCOMP0.9% of the fund+49%
- AstronicsATRO0.9% of the fund+17%
- FreshpetFRPT0.9% of the fund+48%
Cut
Sold some of their stake.
- SemtechSMTC1.5% of the fund-10%
- Guardant HealthGH1.4% of the fund-48%
- PDF SolutionsPDFS1.4% of the fund-5%
- Modine ManufacturingMOD1.2% of the fund-44%
- TTM TechnologiesTTMI0.9% of the fund-70%
- Trevi TherapeuticsTRVI0.8% of the fund-4%
- Kratos Defense & Security SolutionsKTOS0.8% of the fund-13%
- SynapticsSYNA0.8% of the fund-15%
- Onto InnovationONTO0.8% of the fund-18%
- Applied OptoelectronicsAAOI0.7% of the fund-50%
- RambusRMBS0.6% of the fund-55%
- Skyward Specialty Insurance GroupSKWD0.5% of the fund-34%
- EverQuoteEVER0.3% of the fund-3%
- United TherapeuticsUTHR0.2% of the fund-5%
- MetallusMTUS0.1% of the fund-17%
- HeartflowHTFL<0.1% of the fund-28%
- Once Upon a Farm, PBCOFRM<0.1% of the fund-39%
- ICU MedicalICUI<0.1% of the fund-16%
- Latham GroupSWIM<0.1% of the fund-45%
- Metropolitan Bank HoldingMCB<0.1% of the fund-6%
- Northeast BK Portland MENBN<0.1% of the fund-11%
- Neptune Insurance HoldingsNP<0.1% of the fund-33%
- Credo Technology Group HoldingCRDO<0.1% of the fund-98%
- Enova InternationalENVA<0.1% of the fund-68%
- BridgeBio PharmaBBIO<0.1% of the fund-94%
Sold out
Sold their entire stake.
- FabrinetFN-100%
- Sterling InfrastructureSTRL-100%
- SPX TechnologiesSPXC-100%
- Kalvista Pharmaceuticals-100%
- SitimeSITM-100%
- Carpenter TechnologyCRS-100%
- ATIATI-100%
- Five BelowFIVE-100%
- Collegium PharmaceuticalCOLL-100%
- Madrigal PharmaceuticalsMDGL-100%
- IonQIONQ-100%
- Soleno Therapeutics-100%
- SkyWater TechnologySKYT-100%
- Byrna TechnologiesBYRN-100%
- Integer HoldingsITGR-100%
- Xeris Biopharma HoldingsXERS-100%
- Lumentum HoldingsLITE-100%
- Norwood FinancialNWFL-100%
- Golar LNGGLNG-100%
- ShopifySHOP-100%
- Acadia PharmaceuticalsACAD-100%
- MP MaterialsMP-100%
- Chime FinancialCHYM-100%
- Bitmine Immersion TechnologiesBMNR-100%
- Coinbase GlobalCOIN-100%
Holdings
- RBB FDLFSC
- Share
- 3.2%
- Value
- $90m
- Shares
- 1,997,035
Held
- Alamar BiosciencesALMR
- Share
- 0.4%
- Value
- $11m
- Shares
- 422,127
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| RBB FDLFSC | 3.2% | $90m | 1,997,035 | Held |
| Travere TherapeuticsTVTX | 2.1% | $59m | 1,032,024 | +9% |
| Cardinal Infrastructure GroupCDNL | 1.8% | $52m | 549,297 | +53% |
| Mercury SystemsMRCY | 1.8% | $50m | 412,354 | +10% |
| AARAIR | 1.7% | $48m | 337,416 | +20% |
| VSEVSEC | 1.7% | $48m | 209,628 | +7% |
| Kulicke & Soffa IndustriesKLIC | 1.6% | $47m | 349,295 | Held |
| ArganAGX | 1.6% | $46m | 58,115 | Held |
| Ceco EnvironmentalCECO | 1.5% | $43m | 471,220 | +50% |
| InterDigitalIDCC | 1.5% | $42m | 148,255 | +144% |
| SemtechSMTC | 1.5% | $42m | 257,359 | -10% |
| Axcelis TechnologiesACLS | 1.5% | $42m | 219,443 | +363% |
| Esco TechnologiesESE | 1.4% | $41m | 116,457 | +18% |
| Guardant HealthGH | 1.4% | $41m | 271,380 | -48% |
| LivaNovaLIVN | 1.4% | $41m | 492,868 | +8% |
| PlexusPLXS | 1.4% | $41m | 134,746 | +32% |
| Corcept TherapeuticsCORT | 1.4% | $40m | 464,902 | +159% |
| PDF SolutionsPDFS | 1.4% | $40m | 566,429 | -5% |
| Cogent BiosciencesCOGT | 1.4% | $40m | 1,031,378 | Held |
| CohuCOHU | 1.4% | $39m | 533,619 | +9% |
| Allegiant TravelALGT | 1.3% | $37m | 313,661 | +48% |
| LegenceLGN | 1.3% | $36m | 425,628 | New |
| Axos FinancialAX | 1.3% | $36m | 366,712 | +9% |
| Spyre TherapeuticsSYRE | 1.3% | $36m | 401,271 | Held |
| Modine ManufacturingMOD | 1.2% | $35m | 131,187 | -44% |
| Mirum PharmaceuticalsMIRM | 1.2% | $34m | 289,372 | +16% |
| UMB FinancialUMBF | 1.2% | $34m | 235,696 | +49% |
| Solaris Energy InfrastructureSEI | 1.1% | $33m | 405,313 | +29% |
| Boot Barn HoldingsBOOT | 1.1% | $32m | 197,079 | +52% |
| NlightLASR | 1.1% | $31m | 448,422 | +4% |
| Rush Street InteractiveRSI | 1.1% | $30m | 1,007,943 | +3% |
| AgilysysAGYS | 1.0% | $29m | 277,666 | +35% |
| Sensient TechnologiesSXT | 1.0% | $29m | 235,343 | New |
| CompassCOMP | 0.9% | $27m | 2,185,814 | +49% |
| AstronicsATRO | 0.9% | $27m | 327,295 | +17% |
| TTM TechnologiesTTMI | 0.9% | $27m | 142,120 | -70% |
| FreshpetFRPT | 0.9% | $26m | 446,119 | +48% |
| Life Time Group HoldingsLTH | 0.9% | $26m | 632,840 | +78% |
| VeradermicsMANE | 0.9% | $26m | 209,924 | +92% |
| TerexTEX | 0.9% | $26m | 356,029 | New |
| First AdvantageFA | 0.9% | $26m | 1,425,858 | +112% |
| IPG PhotonicsIPGP | 0.9% | $25m | 210,791 | +10% |
| National Vision HoldingsEYE | 0.9% | $25m | 1,298,228 | +38% |
| BillionToOneBLLN | 0.9% | $24m | 203,990 | +54% |
| Diodes INC /delDIOD | 0.9% | $24m | 221,380 | +94% |
| Herc HoldingsHRI | 0.9% | $24m | 168,972 | New |
| CytokineticsCYTK | 0.8% | $24m | 279,769 | +107% |
| MaxlinearMXL | 0.8% | $23m | 182,695 | New |
| Varonis SystemsVRNS | 0.8% | $23m | 555,882 | Held |
| Trevi TherapeuticsTRVI | 0.8% | $23m | 1,210,965 | -4% |
| MoelisMC | 0.8% | $22m | 342,465 | Held |
| American SuperconductorAMSC | 0.8% | $22m | 538,955 | +23% |
| Ollie's Bargain Outlet HoldingsOLLI | 0.8% | $22m | 290,675 | +47% |
| Tetra TechnologiesTTI | 0.8% | $22m | 1,970,377 | +20% |
| Kratos Defense & Security SolutionsKTOS | 0.8% | $22m | 443,152 | -13% |
| SynapticsSYNA | 0.8% | $22m | 177,551 | -15% |
| Onto InnovationONTO | 0.8% | $22m | 57,893 | -18% |
| RXORXO | 0.7% | $21m | 761,015 | +176% |
| ImaxIMAX | 0.7% | $21m | 525,986 | Held |
| Palomar HoldingsPLMR | 0.7% | $21m | 163,622 | Held |
| BancorpTBBK | 0.7% | $21m | 328,845 | Held |
| Applied OptoelectronicsAAOI | 0.7% | $20m | 136,959 | -50% |
| TransMedics GroupTMDX | 0.7% | $20m | 302,074 | +32% |
| Palvella TherapeuticsPVLA | 0.7% | $20m | 129,847 | +23% |
| BJs RESTAURANTSBJRI | 0.7% | $20m | 322,573 | Held |
| Customers BancorpCUBI | 0.7% | $19m | 240,511 | Held |
| Hinge HealthHNGE | 0.7% | $19m | 228,197 | +26% |
| AeroVironmentAVAV | 0.7% | $19m | 114,482 | Held |
| RambusRMBS | 0.6% | $18m | 139,275 | -55% |
| MaterionMTRN | 0.6% | $18m | 61,247 | New |
| HappenHAPN | 0.6% | $18m | 871,131 | +24% |
| Commvault SystemsCVLT | 0.6% | $18m | 126,126 | Held |
| D-Wave QuantumQBTS | 0.6% | $18m | 744,084 | +107% |
| Nektar TherapeuticsNKTR | 0.6% | $18m | 255,587 | Held |
| Arlo TechnologiesARLO | 0.6% | $17m | 1,270,713 | Held |
| NPK InternationalNPKI | 0.6% | $17m | 1,074,368 | New |
| Onespaworld HoldingsOSW | 0.6% | $17m | 600,025 | Held |
| Bob's Discount FurnitureBOBS | 0.6% | $17m | 1,049,648 | +37% |
| Axsome TherapeuticsAXSM | 0.6% | $16m | 67,195 | Held |
| Piper Sandler CompaniesPIPR | 0.6% | $16m | 225,192 | Held |
| ImpinjPI | 0.6% | $16m | 111,287 | Held |
| Mirion TechnologiesMIR | 0.6% | $16m | 873,466 | Held |
| Skyward Specialty Insurance GroupSKWD | 0.5% | $16m | 266,150 | -34% |
| Evolv Technologies HoldingsEVLV | 0.5% | $15m | 2,667,589 | Held |
| RadNetRDNT | 0.5% | $15m | 250,764 | Held |
| SavaraSVRA | 0.5% | $15m | 2,375,999 | Held |
| Seacoast Banking Corp of FloridaSBCF | 0.5% | $14m | 433,797 | +33% |
| Power IntegrationsPOWI | 0.5% | $14m | 172,196 | +181% |
| Ambiq MicroAMBQ | 0.5% | $14m | 159,131 | New |
| Hims & Hers HealthHIMS | 0.5% | $14m | 398,842 | New |
| ArhausARHS | 0.5% | $13m | 1,576,486 | +59% |
| Dianthus TherapeuticsDNTH | 0.4% | $13m | 131,018 | New |
| Coastal FinancialCCB | 0.4% | $12m | 156,664 | Held |
| Alamar BiosciencesALMR | 0.4% | $11m | 422,127 | New |
| Excelerate EnergyEE | 0.4% | $11m | 299,991 | +59% |
| Alphatec HoldingsATEC | 0.4% | $11m | 1,258,086 | +9% |
| First Watch Restaurant GroupFWRG | 0.4% | $11m | 823,954 | +45% |
| Lightpath TechnologiesLPTH | 0.3% | $10m | 607,882 | New |
| Trinity CapitalTRIN | 0.3% | $10m | 549,260 | Held |
| Q2 HoldingsQTWO | 0.3% | $10m | 203,815 | Held |
Showing the largest 100 of 197.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 73.3% since 30 June 2025.
Where the money is
Technology29.5%
Health care21.7%
Industrials21.5%
Financial services10.6%
Retail & consumer8.3%
Materials1.2%
Energy1.0%
Everyday goods1.0%
Real estate0.9%
Utilities0.4%
Media & telecom0.0%
Other3.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.