EA
Emerald Advisers, LLC 13F Filings & Institutional Holdings (Q2 2026)
Emerald Advisers, LLCCIK: 0001015083
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$4.2B
Reporting period: 2026-06-30 · Number of holdings: 237
EMERALD ADVISERS, LLC disclosed 237 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $4.2B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 4.18
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 67.9
- Diversification
- 100
- Sizing Uniformity
- 87.83
Emerald Advisers, LLC's disclosed holdings carry a Herfindahl concentration index of 0.010 — mathematically equivalent to about 96 equally-sized positions, well below its 237 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.22), with a handful of outsized bets alongside many smaller positions.
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 48% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim BE
-98.6% -$71.0M
Trim FN
-99.2% -$55.6M
Trim CRDO
-96.1% -$41.5M
Trim TTMI
-70.5% -$31.7M
Trim MOD
-46.4% -$27.8M
New buy LGN
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 237 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TVTX | Travere Therapeutics Inc | Stock-Other | 2.14% | +0.68% | +2.81% | |
| 2 | CDNL | Cardinal Infrastructure Gr-a | Stock-Other | 1.88% | +1.15% | +46.56% | |
| 3 | MRCY | Mercury Systems Inc | Stock-Industrials | 1.84% | +0.47% | +7.28% | |
| 4 | AIR | Aar CORP | Stock-Industrials | 1.76% | +0.22% | +17.10% | |
| 5 | VSEC | Vse CORP | Stock-Industrials | 1.74% | -0.10% | +2.66% | |
| 6 | KLIC | Kulicke & Soffa Industries | Stock-Tech | 1.74% | +0.56% | -3.07% | |
| 7 | AGX | Argan Inc | Stock-Industrials | 1.68% | +0.04% | -6.27% | |
| 8 | CECO | Ceco Environmental CORP | Stock-Other | 1.57% | +0.58% | +40.87% | |
| 9 | CORT | Corcept Therapeutics Inc | Stock-Healthcare | 1.53% | +1.27% | +264.05% | |
| 10 | LIVN | LivaNova PLC | Stock-Other | 1.52% | +0.17% | +17.44% | |
| 11 | SMTC | Semtech CORP | Stock-Tech | 1.50% | +0.39% | -14.00% | |
| 12 | IDCC | Interdigital Inc | Stock-Tech | 1.49% | +0.50% | +114.79% | |
| 13 | ESE | Esco Technologies Inc | Stock-Tech | 1.48% | +0.03% | +10.54% | |
| 14 | ACLS | Axcelis Technologies Inc | Stock-Tech | 1.47% | +1.19% | +243.39% | |
| 15 | PDFS | Pdf Solutions Inc | Stock-Other | 1.47% | +0.58% | +2.73% | |
| 16 | PLXS | Plexus CORP | Stock-Tech | 1.47% | +0.40% | +24.73% | |
| 17 | COHU | Cohu Inc | Stock-Other | 1.47% | +0.71% | +8.14% | |
| 18 | COGT | Cogent Biosciences Inc | Stock-Other | 1.46% | -0.47% | +0.96% | |
| 19 | ALGT | Allegiant Travel Co | Stock-Other | 1.32% | +0.45% | +40.55% | |
| 20 | LGN | Legence Corp-cl A | Stock-Other | 1.31% | +1.31% | NEW | |
| 21 | MIRM | Mirum Pharmaceuticals Inc | Stock-Other | 1.29% | +0.13% | +17.88% | |
| 22 | GH | Guardant Health Inc | Stock-Healthcare | 1.29% | -1.17% | -56.76% | |
| 23 | MOD | Modine Manufacturing Co | Stock-Consumer Disc | 1.27% | -1.32% | -46.38% | |
| 24 | AX | Axos Financial Inc | Stock-Financials | 1.23% | -0.11% | +8.05% | |
| 25 | SEI | Solaris Energy Infrastructur | Stock-Energy | 1.21% | +0.15% | +7.72% | |
| 26 | LASR | Nlight Inc | Stock-Other | 1.21% | -0.14% | -1.32% | |
| 27 | SYRE | Spyre Therapeutics Inc | Stock-Other | 1.19% | +0.21% | -7.49% | |
| 28 | UMBF | Umb Financial CORP | Stock-Financials | 1.16% | +0.21% | +29.26% | |
| 29 | BOOT | Boot Barn Holdings Inc | Stock-Consumer Disc | 1.16% | +0.19% | +44.05% | |
| 30 | RSI | Rush Street Interactive Inc | Stock-Other | 1.15% | +0.07% | +4.20% | |
| 31 | SXT | Sensient Technologies CORP | Stock-Materials | 1.15% | +1.15% | NEW | |
| 32 | BLLN | Billiontoone Inc Cl A | Stock-Other | 1.06% | +0.46% | +56.89% | |
| 33 | AGYS | Agilysys Inc | Stock-Other | 1.05% | +0.32% | +32.25% | |
| 34 | ATRO | Astronics CORP | Stock-Other | 0.98% | +0.03% | +14.44% | |
| 35 | TTMI | Ttm Technologies | Stock-Tech | 0.98% | -1.33% | -70.47% | |
| 36 | COMP | Compass Inc - Class A | Stock-Real Estate | 0.96% | +0.35% | +24.00% | |
| 37 | FRPT | Freshpet Inc | Stock-Consumer Staples | 0.94% | +0.04% | +40.16% | |
| 38 | LTH | Life Time Group Holdings Inc | Stock-Other | 0.93% | +0.37% | +47.98% | |
| 39 | FA | First Advantage CORP | Stock-Other | 0.93% | +0.50% | +90.69% | |
| 40 | TEX | Terex CORP | Stock-Industrials | 0.93% | +0.93% | NEW | |
| 41 | CYTK | Cytokinetics Inc | Stock-Healthcare | 0.92% | +0.51% | +130.35% | |
| 42 | IPGP | Ipg Photonics CORP | Stock-Tech | 0.90% | -0.21% | +7.14% | |
| 43 | EYE | National Vision Holdings Inc | Stock-Other | 0.90% | -0.33% | +33.54% | |
| 44 | DIOD | Diodes Inc | Stock-Other | 0.89% | +0.50% | +90.81% | |
| 45 | HRI | Herc Holdings Inc | Stock-Other | 0.88% | +0.88% | NEW | |
| 46 | SYNA | Synaptics Inc | Stock-Other | 0.87% | +0.14% | -9.51% | |
| 47 | MXL | Maxlinear Inc | Stock-Other | 0.84% | +0.84% | NEW | |
| 48 | MANE | Veradermics Inc | Stock-Other | 0.83% | +0.57% | +117.58% | |
| 49 | VRNS | Varonis Systems Inc | Stock-Tech | 0.83% | +0.24% | -3.20% | |
| 50 | PVLA | Palvella Therapeutics Inc | Stock-Other | 0.83% | +0.19% | +42.10% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
-5%
Performance Last 4 Quarters
+39.9%
- Stdev
- +25.4%
- Beta
- +1.62
- Alpha
- -5.8%
- Max Drawdown
- -21.2%
- Annualized Perf
- +26.2%
- Batting Avg vs S&P
- +50%
- Sortino
- +1.92
- Stutzer
- +0.31
- Treynor
- +0.16
- Sterling
- +1.1
- Calmar
- +1.24
- Information Ratio
- +0.4
- Tracking Error
- +16.4%
- Stdev Down
- +13.8%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +89.3%
- Worst 12 Months
- -1.3%
- Efficiency Ratio
- +0.44
- Sharpe
- +1.05
- Stdev Sectors
- +11.1%
- Skewness
- -0.03
- Kurtosis
- -0.57
- Upside Potential
- +3.72
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 237 | $4.2B | 0 | ||
| 2026 Q1 | 248 | $3.2B | 37 | ||
| 2025 Q4 | 246 | $3.2B | 36 | ||
| 2025 Q3 | 257 | $3.1B | 67 | ||
| 2025 Q2 | 248 | $2.7B | 0 | ||
| 2025 Q1 | 243 | $2.2B | 100 | ||
| 2024 Q4 | 254 | $2.6B | 0 | ||
| 2024 Q3 | 248 | $2.6B | 0 | ||
| 2024 Q2 | 247 | $2.4B | 0 | ||
| 2024 Q1 | 243 | $2.5B | 0 | ||
| 2023 Q4 | 242 | $2.3B | 0 | ||
| 2023 Q3 | 232 | $2.1B | 0 | ||
| 2023 Q2 | 211 | $2.3B | 0 | ||
| 2023 Q1 | 210 | $2.1B | 0 | ||
| 2022 Q4 | 246 | $2.1B | 0 | ||
| 2022 Q3 | 249 | $1.9B | 0 | ||
| 2022 Q2 | 250 | $1.9B | 0 | ||
| 2022 Q1 | 262 | $2.6B | 0 | ||
| 2021 Q4 | 281 | $2.7B | 0 | ||
| 2021 Q3 | 235 | $2.8B | 0 | ||
| 2021 Q2 | 287 | $2.7B | 100 | ||
| 2021 Q1 | 242 | $2.8B | 43 | ||
| 2020 Q4 | 286 | $3.0B | 49 | ||
| 2020 Q3 | 334 | $2.4B | 41 | ||
| 2020 Q2 | 318 | $2.3B | 46 | ||
| 2020 Q1 | 213 | $1.7B | 55 | ||
| 2019 Q4 | 338 | $2.4B | 37 | ||
| 2019 Q3 | 245 | $2.1B | 30 | ||
| 2019 Q2 | 250 | $2.5B | 31 | ||
| 2019 Q1 | 251 | $2.5B | 34 | ||
| 2018 Q4 | 244 | $2.0B | 49 | ||
| 2018 Q3 | 255 | $2.7B | 33 | ||
| 2018 Q2 | 251 | $2.7B | 45 | ||
| 2018 Q1 | 249 | $2.5B | 38 | ||
| 2017 Q4 | 248 | $2.6B | 41 | ||
| 2017 Q3 | 238 | $2.5B | 38 | ||
| 2017 Q2 | 225 | $2.4B | 32 | ||
| 2017 Q1 | 233 | $2.4B | 35 | ||
| 2016 Q4 | 269 | $2.3B | 64 | ||
| 2016 Q3 | 319 | $2.2B | 41 | ||
| 2016 Q2 | 315 | $2.1B | 37 | ||
| 2016 Q1 | 321 | $2.1B | 28 | ||
| 2015 Q4 | 320 | $2.1B | 35 | ||
| 2015 Q3 | 331 | $1.9B | 31 | ||
| 2015 Q2 | 319 | $2.1B | 33 | ||
| 2015 Q1 | 343 | $2.0B | 45 | ||
| 2014 Q4 | 337 | $1.9B | 38 | ||
| 2014 Q3 | 347 | $1.7B | 38 | ||
| 2014 Q2 | 432 | $1.8B | 38 | ||
| 2014 Q1 | 356 | $1.8B | 33 | ||
| 2013 Q4 | 349 | $1.8B | 41 | ||
| 2013 Q3 | 342 | $1.8B | 40 | ||
| 2013 Q2 | 335 | $1.6B | — |
Holding changes this quarter
Emerald Advisers, LLC's most significant position changes for 2026-06-30: New buy: Legence Corp-cl A (LGN); New buy: Sensient Technologies CORP (SXT); New buy: Terex CORP (TEX); Sold out: Bridgebio Pharma Inc (BBIO); New buy: Herc Holdings Inc (HRI).
Showing top 200 changes by size (of 276 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LGN | Legence Corp-cl A | +1.3% | NEW | New buy |
| 2 | CORT | Corcept Therapeutics Inc | +1.3% | +264.05% | Add |
| 3 | ACLS | Axcelis Technologies Inc | +1.2% | +243.39% | Add |
| 4 | CDNL | Cardinal Infrastructure Gr-a | +1.2% | +46.56% | Add |
| 5 | SXT | Sensient Technologies CORP | +1.2% | NEW | New buy |
| 6 | TEX | Terex CORP | +0.9% | NEW | New buy |
| 7 | HRI | Herc Holdings Inc | +0.9% | NEW | New buy |
| 8 | MXL | Maxlinear Inc | +0.8% | NEW | New buy |
| 9 | COHU | Cohu Inc | +0.7% | +8.14% | Add |
| 10 | TVTX | Travere Therapeutics Inc | +0.7% | +2.81% | Add |
| 11 | MTRN | Materion CORP | +0.7% | NEW | New buy |
| 12 | NPKI | Npk International Inc | +0.6% | NEW | New buy |
| 13 | CECO | Ceco Environmental CORP | +0.6% | +40.87% | Add |
| 14 | PDFS | Pdf Solutions Inc | +0.6% | +2.73% | Add |
| 15 | MANE | Veradermics Inc | +0.6% | +117.58% | Add |
| 16 | DNTH | Dianthus Therapeutics Inc | +0.6% | NEW | New buy |
| 17 | KLIC | Kulicke & Soffa Industries | +0.6% | -3.07% | Trim |
| 18 | RXO | Rxo Inc | +0.6% | +167.87% | Add |
| 19 | CYTK | Cytokinetics Inc | +0.5% | +130.35% | Add |
| 20 | AMBQ | Ambiq Micro Inc | +0.5% | NEW | New buy |
| 21 | IDCC | Interdigital Inc | +0.5% | +114.79% | Add |
| 22 | FA | First Advantage CORP | +0.5% | +90.69% | Add |
| 23 | DIOD | Diodes Inc | +0.5% | +90.81% | Add |
| 24 | HIMS | Hims & Hers Health Inc | +0.5% | NEW | New buy |
| 25 | MRCY | Mercury Systems Inc | +0.5% | +7.28% | Add |
| 26 | BLLN | Billiontoone Inc Cl A | +0.5% | +56.89% | Add |
| 27 | ALGT | Allegiant Travel Co | +0.5% | +40.55% | Add |
| 28 | ✓ | +0.4% | NEW | New buy | |
| 29 | PLXS | Plexus CORP | +0.4% | +24.73% | Add |
| 30 | QBTS | D-wave Quantum Inc | +0.4% | +112.42% | Add |
| 31 | SMTC | Semtech CORP | +0.4% | -14.00% | Trim |
| 32 | LTH | Life Time Group Holdings Inc | +0.4% | +47.98% | Add |
| 33 | HNGE | Hinge Health Inc-a | +0.4% | +28.60% | Add |
| 34 | LPTH | Lightpath Technologies Inc-a | +0.4% | NEW | New buy |
| 35 | COMP | Compass Inc - Class A | +0.4% | +24.00% | Add |
| 36 | WSBC | Wesbanco Inc | +0.4% | +43782.77% | Add |
| 37 | POWI | Power Integrations Inc | +0.3% | +127.79% | Add |
| 38 | AGYS | Agilysys Inc | +0.3% | +32.25% | Add |
| 39 | ✓ | +0.3% | NEW | New buy | |
| 40 | ✓ | +0.3% | NEW | New buy | |
| 41 | VRNS | Varonis Systems Inc | +0.2% | -3.20% | Trim |
| 42 | DAVE | Dave Inc | +0.2% | NEW | New buy |
| 43 | VRDN | Viridian Therapeutics Inc | +0.2% | NEW | New buy |
| 44 | AIR | Aar CORP | +0.2% | +17.10% | Add |
| 45 | SYRE | Spyre Therapeutics Inc | +0.2% | -7.49% | Trim |
| 46 | UMBF | Umb Financial CORP | +0.2% | +29.26% | Add |
| 47 | DFTX | Definium Therapeutics Inc | +0.2% | NEW | New buy |
| 48 | BOOT | Boot Barn Holdings Inc | +0.2% | +44.05% | Add |
| 49 | PVLA | Palvella Therapeutics Inc | +0.2% | +42.10% | Add |
| 50 | AMBA | Ambarella, Inc. | +0.2% | NEW | New buy |
1–50 of 200
Filing History
FAQ
What is Emerald Advisers, LLC and what type of investor is it?
Emerald Advisers, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $4.2B, spread across 237 disclosed positions.
What are Emerald Advisers, LLC's largest equity positions?
Based on the latest 13F filing, Emerald Advisers, LLC's top holdings by market value are:
1. Travere Therapeutics Inc (TVTX) — $90.9M (2.1%)
2. Cardinal Infrastructure Gr-a (CDNL) — $79.9M (1.9%)
3. Mercury Systems Inc (MRCY) — $78.1M (1.8%)
4. Aar CORP (AIR) — $74.6M (1.8%)
5. Vse CORP (VSEC) — $73.8M (1.7%)
What changes did Emerald Advisers, LLC make in its most recent portfolio filing?
In the latest reported quarter, Emerald Advisers, LLC made 198 notable position adjustments: 27 new positions were initiated, 73 existing holdings were added to, 66 positions were partially reduced, and 32 were completely exited. The largest of these moves: New buy: Legence Corp-cl A (LGN); New buy: Sensient Technologies CORP (SXT); New buy: Terex CORP (TEX); Sold out: Bridgebio Pharma Inc (BBIO); New buy: Herc Holdings Inc (HRI)
What sectors does Emerald Advisers, LLC focus on?
Emerald Advisers, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 38.2%
• Industrials: 21.8%
• Health Care: 13.2%
• Financials: 9.7%
• Consumer Discretionary: 5.6%
• Consumer Staples: 3.7%
Investment Profile
Emerald Advisers, LLC returned an annualized 26.2% over the trailing 36 months — underperforming the S&P 500 by 5.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.62 (more volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 38.2% of the portfolio concentrated in Information Technology.
It has added to its CDNL position over the past two quarters (+$67.5M, now $79.9M), while trimming CRDO over the same stretch (-$66.1M, still holding $5.3M).
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Developer Access
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