CIK: 0001352895
Total reported value
$2.1B
Reporting period: 2026-03-31 · Number of holdings: 199
EMERALD MUTUAL FUND ADVISERS TRUST disclosed 199 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.1B and a quarterly turnover rate of 35.4%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "E"
Emerald Mutual Fund Advisers Trust's disclosed holdings carry a Herfindahl concentration index of 0.011 — mathematically equivalent to about 89 equally-sized positions, well below its 199 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.12), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 54% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim LITE
-98.6% -$31.2M
Add MOD
+0.3% $19.7M
Trim WVE
-42.4% -$18.1M
Add BE
+0.2% $17.2M
Trim CRDO
+2.0% -$14.2M
Add AGX
0.0% $13.6M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | LFSC | F/m Emr Life Sciences In ETF | ETF-Other | 3.39% | — | — | |
| 2 | MOD | Modine Manufacturing Co | Stock-Consumer Disc | 2.48% | +0.95% | +0.27% | |
| 3 | GH | Guardant Health INC | Stock-Healthcare | 2.33% | -0.28% | -0.84% | |
| 4 | BE | Bloom Energy Corp- A | Stock-Industrials | 2.31% | +0.82% | +0.22% | |
| 5 | TTMI | Ttm Technologies | Stock-Tech | 2.22% | +0.38% | -14.13% | |
| 6 | COGT | Cogent Biosciences INC | Stock-Other | 1.92% | — | -0.93% | |
| 7 | VSEC | Vse CORP | Stock-Industrials | 1.75% | +0.33% | +16.37% | |
| 8 | KTOS | Kratos Defense & Security | Stock-Industrials | 1.75% | — | -2.22% | |
| 9 | FN | Fabrinet | Stock-Tech | 1.64% | — | -1.22% | |
| 10 | AGX | Argan INC | Stock-Industrials | 1.56% | +0.66% | — | |
| 11 | AIR | Aar CORP | Stock-Industrials | 1.49% | +0.47% | +10.87% | |
| 12 | LIVN | LivaNova PLC | Stock-Other | 1.40% | — | -0.42% | |
| 13 | AX | Axos Financial INC | Stock-Financials | 1.39% | — | -1.33% | |
| 14 | CRDO | Credo Technology Group Holding Ltd | Stock-Tech | 1.37% | -0.70% | +2.01% | |
| 15 | TVTX | Travere Therapeutics INC | Stock-Other | 1.36% | -0.41% | -0.36% | |
| 16 | ESE | Esco Technologies INC | Stock-Tech | 1.34% | +0.40% | — | |
| 17 | MRCY | Mercury Systems INC | Stock-Industrials | 1.33% | — | +11.73% | |
| 18 | RMBS | Rambus INC | Stock-Tech | 1.28% | -0.47% | -21.46% | |
| 19 | LASR | Nlight INC | Stock-Other | 1.19% | +0.40% | — | |
| 20 | EYE | National Vision Holdings INC | Stock-Other | 1.18% | — | — | |
| 21 | BBIO | Bridgebio Pharma INC | Stock-Healthcare | 1.15% | — | +1.08% | |
| 22 | MIRM | Mirum Pharmaceuticals INC | Stock-Other | 1.12% | — | +3.33% | |
| 23 | AAOI | Applied Optoelectronics INC | Stock-Tech | 1.12% | +0.44% | -31.90% | |
| 24 | KLIC | Kulicke & Soffa Industries | Stock-Tech | 1.11% | +0.39% | +8.32% | |
| 25 | TMDX | Transmedics Group INC | Stock-Healthcare | 1.11% | — | -0.25% | |
| 26 | IPGP | Ipg Photonics CORP | Stock-Tech | 1.07% | +0.64% | +57.46% | |
| 27 | SMTC | Semtech CORP | Stock-Tech | 1.06% | — | — | |
| 28 | RSI | Rush Street Interactive INC | Stock-Other | 1.04% | — | — | |
| 29 | PLXS | Plexus CORP | Stock-Tech | 1.00% | +1.00% | NEW | |
| 30 | SYRE | Spyre Therapeutics INC | Stock-Other | 1.00% | +0.34% | -1.03% | |
| 31 | AVAV | Aerovironment INC | Stock-Industrials | 1.00% | -0.48% | -10.57% | |
| 32 | IMAX | Imax CORP | Stock-Other | 0.97% | — | — | |
| 33 | STRL | Sterling Infrastructure INC | Stock-Industrials | 0.97% | — | — | |
| 34 | MC | Moelis & Co - Class A | Stock-Financials | 0.95% | -0.27% | -5.79% | |
| 35 | PLMR | Palomar Holdings INC | Stock-Financials | 0.95% | — | +0.96% | |
| 36 | PDFS | Pdf Solutions INC | Stock-Other | 0.94% | — | — | |
| 37 | BOOT | Boot Barn Holdings INC | Stock-Consumer Disc | 0.92% | — | +18.65% | |
| 38 | CECO | Ceco Environmental CORP | Stock-Other | 0.91% | — | +20.49% | |
| 39 | ATRO | Astronics CORP | Stock-Other | 0.90% | +0.49% | +78.13% | |
| 40 | SPXC | Spx Technologies INC | Stock-Industrials | 0.90% | — | — | |
| 41 | NKTR | Nektar Therapeutics | Stock-Other | 0.89% | +0.37% | +1.18% | |
| 42 | IDCC | Interdigital INC | Stock-Tech | 0.89% | +0.42% | +99.81% | |
| 43 | OLLI | Ollie's Bargain Outlet Holdi | Stock-Consumer Staples | 0.88% | — | +6.38% | |
| 44 | UMBF | Umb Financial CORP | Stock-Financials | 0.87% | — | — | |
| 45 | ARLO | Arlo Technologies INC | Stock-Other | 0.87% | — | +1.45% | |
| 46 | SEI | Solaris Energy Infrastructur | Stock-Energy | 0.86% | — | +0.88% | |
| 47 | FRPT | Freshpet INC | Stock-Consumer Staples | 0.86% | — | +19.27% | |
| 48 | TBBK | Bancorp Inc/the | Stock-Other | 0.86% | -0.30% | -7.00% | |
| 49 | SKWD | Skyward Specialty Insurance | Stock-Other | 0.85% | — | +1.13% | |
| 50 | PIPR | Piper Sandler Cos | Stock-Financials | 0.84% | +0.84% | NEW |
Performance for Q3 2026
+4.9%
Performance Last 4 Quarters
+62.7%
Based on 79% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 199 | $2.1B | 35 | |
| 2025-12-31 | 189 | $2.1B | 37 | |
| 2025-09-30 | 219 | $1.9B | 69 | |
| 2025-06-30 | 212 | $1.6B | 0 | |
| 2025-03-31 | 210 | $1.4B | 100 | |
| 2024-12-31 | 212 | $1.6B | 0 | |
| 2024-09-30 | 225 | $1.9B | 0 | |
| 2024-06-30 | 223 | $1.9B | 0 | |
| 2024-03-31 | 229 | $1.9B | 0 | |
| 2023-12-31 | 240 | $1.9B | 0 | |
| 2023-09-30 | 236 | $1.7B | 0 | |
| 2023-06-30 | 238 | $1.8B | 0 | |
| 2023-03-31 | 217 | $1.7B | 0 | |
| 2022-12-31 | 219 | $1.6B | 0 | |
| 2022-09-30 | 214 | $1.6B | 0 | |
| 2022-06-30 | 211 | $1.7B | 0 | |
| 2022-03-31 | 208 | $2.3B | 0 | |
| 2021-12-31 | 216 | $2.8B | 0 | |
| 2021-09-30 | 207 | $2.9B | 0 | |
| 2021-06-30 | 217 | $3.1B | 100 | |
| 2021-03-31 | 208 | $3.0B | 45 | |
| 2020-12-31 | 226 | $2.9B | 54 | |
| 2020-09-30 | 313 | $2.3B | 46 | |
| 2020-06-30 | 310 | $2.1B | 51 | |
| 2020-03-31 | 217 | $1.6B | 63 | |
| 2019-12-31 | 287 | $2.4B | 38 | |
| 2019-09-30 | 204 | $2.3B | 29 | |
| 2019-06-30 | 203 | $2.5B | 30 | |
| 2019-03-31 | 213 | $2.5B | 34 | |
| 2018-12-31 | 214 | $2.1B | 51 | |
| 2018-09-30 | 240 | $3.0B | 38 | |
| 2018-06-30 | 231 | $2.8B | 44 | |
| 2018-03-31 | 233 | $2.6B | 38 | |
| 2017-12-31 | 242 | $2.5B | 42 | |
| 2017-09-30 | 261 | $2.4B | 35 | |
| 2017-06-30 | 258 | $2.3B | 32 | |
| 2017-03-31 | 260 | $2.2B | 34 | |
| 2016-12-31 | 288 | $2.1B | 48 | |
| 2016-09-30 | 283 | $2.0B | 42 | |
| 2016-06-30 | 267 | $1.8B | 39 | |
| 2016-03-31 | 267 | $1.8B | 29 | |
| 2015-12-31 | 278 | $1.9B | 42 | |
| 2015-09-30 | 274 | $1.5B | 36 | |
| 2015-06-30 | 254 | $1.3B | 37 | |
| 2015-03-31 | 219 | $1.2B | 47 | |
| 2014-12-31 | 212 | $1.2B | 39 | |
| 2014-09-30 | 217 | $1.0B | 43 | |
| 2014-06-30 | 226 | $1.1B | 44 | |
| 2014-03-31 | 221 | $1.0B | 48 | |
| 2013-12-31 | 208 | $793.0M | 49 | |
| 2013-09-30 | 212 | $723.8M | 48 | 162936P255402X3063904 |
| 2013-06-30 | 206 | $590.4M | — |
Emerald Mutual Fund Advisers Trust's most significant position changes for 2026-03-31: Sold out: Vital Farms INC (VITL); New buy: Plexus CORP (PLXS); New buy: Piper Sandler Cos (PIPR); Sold out: Piper Sandler Cos (62C); New buy: Cohu INC (COHU).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MOD | Modine Manufacturing Co | +1% | +0.27% | Add |
| 2 | BE | Bloom Energy Corp- A | +0.8% | +0.22% | Add |
| 3 | AGX | Argan INC | +0.7% | — | Unchanged |
| 4 | IPGP | Ipg Photonics CORP | +0.6% | +57.46% | Add |
| 5 | ATRO | Astronics CORP | +0.5% | +78.13% | Add |
| 6 | AIR | Aar CORP | +0.5% | +10.87% | Add |
| 7 | AAOI | Applied Optoelectronics INC | +0.4% | -31.90% | Trim |
| 8 | IDCC | Interdigital INC | +0.4% | +99.81% | Add |
| 9 | ESE | Esco Technologies INC | +0.4% | — | Unchanged |
| 10 | LASR | Nlight INC | +0.4% | — | Unchanged |
| 11 | KLIC | Kulicke & Soffa Industries | +0.4% | +8.32% | Add |
| 12 | TTMI | Ttm Technologies | +0.4% | -14.13% | Trim |
| 13 | NKTR | Nektar Therapeutics | +0.4% | +1.18% | Add |
| 14 | SYRE | Spyre Therapeutics INC | +0.3% | -1.03% | Trim |
| 15 | CDNL | Cardinal Infrastructure Gr-a | +0.3% | +19.69% | Add |
| 16 | VSEC | Vse CORP | +0.3% | +16.37% | Add |
| 17 | SBCF | Seacoast Banking Corp/fl | +0.3% | +138.68% | Add |
| 18 | MC | Moelis & Co - Class A | -0.3% | -5.79% | Trim |
| 19 | GH | Guardant Health INC | -0.3% | -0.84% | Trim |
| 20 | MDGL | Madrigal Pharmaceuticals INC | -0.3% | -33.99% | Trim |
| 21 | PI | Impinj INC | -0.3% | +11.86% | Add |
| 22 | TBBK | Bancorp Inc/the | -0.3% | -7.00% | Trim |
| 23 | VRNS | Varonis Systems INC | -0.3% | — | Unchanged |
| 24 | ATEC | Alphatec Holdings INC | -0.3% | +27.12% | Add |
| 25 | ATI | Ati INC | -0.4% | -48.87% | Trim |
| 26 | COLL | Collegium Pharmaceutical INC | -0.4% | -21.85% | Trim |
| 27 | SKYT | Skywater Technology INC | -0.4% | -74.87% | Trim |
| 28 | TVTX | Travere Therapeutics INC | -0.4% | -0.36% | Trim |
| 29 | RMBS | Rambus INC | -0.5% | -21.46% | Trim |
| 30 | AVAV | Aerovironment INC | -0.5% | -10.57% | Trim |
| 31 | AGYS | Agilysys INC | -0.5% | — | Unchanged |
| 32 | QTWO | Q2 Holdings INC | -0.5% | -27.66% | Trim |
| 33 | ACAD | Acadia Pharmaceuticals INC | -0.6% | -96.58% | Trim |
| 34 | CRDO | Credo Technology Group Holding Ltd | -0.7% | +2.01% | Add |
| 35 | WVE | Wave Life Sciences Ltd. | -0.9% | -42.42% | Trim |
| 36 | LITE | Lumentum Holdings INC | -1.5% | -98.57% | Trim |
| 37 | VITL | Vital Farms INC | — | EXIT | Sold out |
| 38 | PLXS | Plexus CORP | — | NEW | New buy |
| 39 | PIPR | Piper Sandler Cos | — | NEW | New buy |
| 40 | 62C | Piper Sandler Cos | — | EXIT | Sold out |
| 41 | COHU | Cohu INC | — | NEW | New buy |
| 42 | PVLA | Palvella Therapeutics INC | — | NEW | New buy |
| 43 | FOUR | Shift4 Payments Inc-class A | — | EXIT | Sold out |
| 44 | MMSI | Merit Medical Systems INC | — | EXIT | Sold out |
| 45 | BOBS | Bob's Discount Furniture | — | NEW | New buy |
| 46 | CYTK | Cytokinetics INC | — | NEW | New buy |
| 47 | DIOD | Diodes INC | — | NEW | New buy |
| 48 | HNGE | Hinge Health Inc-a | — | NEW | New buy |
| 49 | MANE | Veradermics INC | — | NEW | New buy |
| 50 | CRVS | Corvus Pharmaceuticals INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-04 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-09 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-30 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-04 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-01 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-29 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-06 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-08 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-05 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-27 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-10 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-04 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-03 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-25 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-29 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-29 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-02 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-28 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-29 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-29 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-29 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-28 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-28 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-30 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-29 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-31 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-31 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-01 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-31 | Amendment | View on EDGAR |
| 2018-12-31 | 2019-01-30 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-31 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-31 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-26 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-06 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-30 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-28 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-28 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-26 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-10-27 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-28 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-28 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-25 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-23 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-28 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-29 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-01-30 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-28 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-17 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-30 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-31 | Amendment | View on EDGAR |
| 2013-12-31 | 2014-01-30 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-31 | Amendment | View on EDGAR |
| 2013-09-30 | 2013-10-31 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-30 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0001700481
Total reported value
$2.1B
438 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001166588
Total reported value
$2.1B
17,681 stks
2026-03-31
AUM within 0.2% of this institution
CIK 0001765285
Total reported value
$2.1B
288 stks
2025-09-30
Stale — no recent filing
AUM within 0.3% of this institution
Institutions with overlapping top holdings
CIK 0001015083
Total reported value
$3.2B
248 stks
2026-03-31
4 of the top 5 holdings overlap, including Modine Manufacturing Co
CIK 0001350290
Total reported value
$1.9B
144 stks
2026-03-31
2 of the top 5 holdings overlap, including Modine Manufacturing Co
CIK 0000825293
Total reported value
$60.2M
36 stks
2026-03-31
1 of the top 5 holdings overlap, including Bloom Energy Corp- A