EMERALD MUTUAL FUND ADVISERS TRUST
Sector Allocation
- Technology33.9%$965.8M
- Healthcare21.7%$618.3M
- Industrials17.3%$492.8M
- Financials10.0%$283.8M
- Other4.3%$121.1M
- Consumer Discretionary4.2%$120.3M
- Energy2.8%$79.4M
- Communication Services2.6%$72.8M
- Materials1.2%$35.4M
- Consumer Staples1.0%$29.0M
AUM History
13fpro.ai/research/fund/emerald-mutual-fund-advisers-trust-1352895
Conviction and streaks
Diversifying · top 10 = 18.5%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
- RBB$90.3M
TVTX
$58.6MCDNL
$51.7MMRCY
$50.4MAIR
$48.2MVSEC
$47.9MKLIC
$46.7MAGX
$46.4MCECO
$42.8MIDCC
$42.0MSMTC
$41.7MACLS
$41.6MESE
$40.8MGH
$40.7MLIVN
$40.5MPLXS
$40.5MCORT
$40.4MPDFS
$40.1MCOGT
$39.9MCOHU
$39.4M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/emerald-mutual-fund-advisers-trust-1352895
EMERALD MUTUAL FUND ADVISERS TRUST 13F holdings — Q2 2026
$2.8B portfolio (+38.0% QoQ) · 197 holdings · Q2 2026 13F · top 10 are 19% of the stock portfolio
- 1
RBB FD INC - FM EMERALD LIFE
$90.3M
3.2% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy— $58.6M
2.1% of stocks
+9%This quarter-20.4%Since filed10+ qtrsHeld$51.7M
1.8% of stocks
+53%This quarter-77.0%Since filed3 qtrsHeld$50.4M
1.8% of stocks
+10%This quarter-25.8%Since filed5 qtrsHeldAIQuality47.8#1,776Est. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$48.2M
1.7% of stocks
+20%This quarter-33.7%Since filed10+ qtrsHeld$47.9M
1.7% of stocks
+7%This quarter-31.5%Since filed6 qtrsHeldAIQuality57.4#1,091Est. buyEstimated buy price is Pro: unlock with a free trialAdded 6 qtrs in a row$46.7M
1.6% of stocks
No changeThis quarter-19.5%Since filed10+ qtrsHeld$46.4M
1.6% of stocks
-1%This quarter-45.3%Since filed4 qtrsHeld$42.8M
1.5% of stocks
+50%This quarter-30.9%Since filed4 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 4 qtrs in a row$42.0M
1.5% of stocks
+144%This quarter-1.9%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row
All holdings — EMERALD MUTUAL FUND ADVISERS TRUST (Q2 2026)
197 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | SEMTECH CORP | Technology | $41.7M | 1.5% | 257K | -10% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | AXCELIS TECHNOLOGIES INC | Technology | $41.6M | 1.5% | 219K | +363% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | ESCO TECHNOLOGIES INC | Technology | $40.8M | 1.4% | 116K | +18% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Guardant Health, Inc. | Healthcare | $40.7M | 1.4% | 271K | -48% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | LivaNova PLC | Healthcare | $40.5M | 1.4% | 493K | +8% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | PLEXUS CORP | Technology | $40.5M | 1.4% | 135K | +32% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | CORCEPT THERAPEUTICS INC | Healthcare | $40.4M | 1.4% | 465K | +159% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | PDF SOLUTIONS INC | Technology | $40.1M | 1.4% | 566K | -5% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Cogent Biosciences, Inc. | Healthcare | $39.9M | 1.4% | 1.03M | +0.2% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | COHU INC | Technology | $39.4M | 1.4% | 534K | +9% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Allegiant Travel CO | Industrials | $36.9M | 1.3% | 314K | +48% | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Legence Corp. | Industrials | $36.3M | 1.3% | 426K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Axos Financial, Inc. | Financials | $35.7M | 1.3% | 367K | +9% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Spyre Therapeutics, Inc. | Healthcare | $35.6M | 1.3% | 401K | -2% | 8 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | MODINE MANUFACTURING CO | Industrials | $35.0M | 1.2% | 131K | -44% | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $MIRM | Mirum Pharmaceuticals, Inc. | Healthcare | $33.9M | 1.2% | 289K | +16% | |||
| 27 | $UMBF | UMB FINANCIAL CORP | Financials | $33.6M | 1.2% | 236K | +49% | |||
| 28 | $SEI | Solaris Energy Infrastructure, Inc. | Energy | $32.6M | 1.1% | 405K | +29% | |||
| 29 | $BOOT | Boot Barn Holdings, Inc. | Consumer Discretionary | $32.4M | 1.1% | 197K | +52% | |||
| 30 | $LASR | NLIGHT, INC. | Technology | $31.2M | 1.1% | 448K | +4% | |||
| 31 | $RSI | Rush Street Interactive, Inc. | Communication Services | $30.0M | 1.1% | 1.01M | +3% | |||
| 32 | $AGYS | AGILYSYS INC | Technology | $29.0M | 1.0% | 278K | +35% | |||
| 33 | $SXT | SENSIENT TECHNOLOGIES CORP | Materials | $29.0M | 1.0% | 235K | New | |||
| 34 | $COMP | Compass, Inc. | Real Estate | $27.0M | 0.9% | 2.19M | +49% | |||
| 35 | $ATRO | ASTRONICS CORP | Industrials | $26.6M | 0.9% | 327K | +17% | |||
| 36 | $TTMI | TTM TECHNOLOGIES INC | Technology | $26.6M | 0.9% | 142K | -70% | |||
| 37 | $FRPT | Freshpet, Inc. | Consumer Staples | $26.4M | 0.9% | 446K | +48% | |||
| 38 | $LTH | Life Time Group Holdings, Inc. | Communication Services | $25.8M | 0.9% | 633K | +78% | |||
| 39 | $MANE | Veradermics, Inc | Healthcare | $25.8M | 0.9% | 210K | +92% | |||
| 40 | $TEX | TEREX CORP | Industrials | $25.8M | 0.9% | 356K | New | |||
| 41 | $FA | FIRST ADVANTAGE CORP | Technology | $25.7M | 0.9% | 1.43M | +112% | |||
| 42 | $IPGP | IPG PHOTONICS CORP | Technology | $24.7M | 0.9% | 211K | +10% | |||
| 43 | $EYE | National Vision Holdings, Inc. | Healthcare | $24.7M | 0.9% | 1.30M | +38% | |||
| 44 | $BLLN | BillionToOne, Inc. | Healthcare | $24.5M | 0.9% | 204K | +54% | |||
| 45 | $DIOD | DIODES INC /DEL/ | Technology | $24.2M | 0.8% | 221K | +94% | |||
| 46 | $HRI | HERC HOLDINGS INC | Industrials | $24.2M | 0.8% | 169K | New | |||
| 47 | $CYTK | CYTOKINETICS INC | Healthcare | $23.8M | 0.8% | 280K | +107% | |||
| 48 | $MXL | MAXLINEAR, INC | Technology | $23.4M | 0.8% | 183K | New | |||
| 49 | $VRNS | VARONIS SYSTEMS INC | Technology | $23.3M | 0.8% | 556K | — | |||
| 50 | $TRVI | Trevi Therapeutics, Inc. | Healthcare | $22.6M | 0.8% | 1.21M | -4% | |||
| 51 | $MC | Moelis & Co | Financials | $22.4M | 0.8% | 342K | — | |||
| 52 | $AMSC | AMERICAN SUPERCONDUCTOR CORP /DE/ | Technology | $22.4M | 0.8% | 539K | +23% | |||
| 53 | $OLLI | Ollie's Bargain Outlet Holdings, Inc. | Consumer Discretionary | $22.3M | 0.8% | 291K | +47% | |||
| 54 | $TTI | TETRA TECHNOLOGIES INC | Energy | $22.3M | 0.8% | 1.97M | +20% | |||
| 55 | $KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS, INC. | Industrials | $22.1M | 0.8% | 443K | -13% | |||
| 56 | $SYNA | SYNAPTICS Inc | Technology | $22.1M | 0.8% | 178K | -15% | |||
| 57 | $ONTO | ONTO INNOVATION INC. | Technology | $21.9M | 0.8% | 58K | -18% | |||
| 58 | $RXO | RXO, Inc. | Industrials | $21.0M | 0.7% | 761K | +176% | |||
| 59 | $IMAX | IMAX CORP | Technology | $21.0M | 0.7% | 526K | — | |||
| 60 | $PLMR | Palomar Holdings, Inc. | Financials | $20.7M | 0.7% | 164K | +0.2% | |||
| 61 | $TBBK | Bancorp, Inc. | Financials | $20.6M | 0.7% | 329K | — | |||
| 62 | $AAOI | APPLIED OPTOELECTRONICS, INC. | Technology | $20.3M | 0.7% | 137K | -50% | |||
| 63 | $TMDX | TransMedics Group, Inc. | Healthcare | $20.1M | 0.7% | 302K | +32% | |||
| 64 | $PVLA | PALVELLA THERAPEUTICS, INC. | Healthcare | $19.8M | 0.7% | 130K | +23% | |||
| 65 | $BJRI | BJs RESTAURANTS INC | Consumer Discretionary | $19.6M | 0.7% | 323K | — | |||
| 66 | $CUBB | Customers Bancorp, Inc. | Financials | $19.0M | 0.7% | 241K | -0.7% | |||
| 67 | $HNGE | Hinge Health, Inc. | Technology | $18.9M | 0.7% | 228K | +26% | |||
| 68 | $AVAV | AeroVironment Inc | Industrials | $18.9M | 0.7% | 114K | +2% | |||
| 69 | $RMBS | RAMBUS INC | Technology | $18.5M | 0.7% | 139K | -55% | |||
| 70 | $MTRN | MATERION Corp | Industrials | $18.2M | 0.6% | 61K | New | |||
| 71 | — | HAPPEN INC - COM | — | $18.1M | 0.6% | 871K | +24% | |||
| 72 | $CVLT | COMMVAULT SYSTEMS INC | Technology | $17.9M | 0.6% | 126K | +2% | |||
| 73 | $QBTS | D-Wave Quantum Inc. | Technology | $17.9M | 0.6% | 744K | +107% | |||
| 74 | $NKTR | NEKTAR THERAPEUTICS | Healthcare | $17.8M | 0.6% | 256K | -0.2% | |||
| 75 | $ARLO | Arlo Technologies, Inc. | Technology | $17.1M | 0.6% | 1.27M | +1% | |||
| 76 | $NPKI | NPK International Inc. | Industrials | $17.1M | 0.6% | 1.07M | New | |||
| 77 | $OSW | ONESPAWORLD HOLDINGS Ltd | Communication Services | $16.9M | 0.6% | 600K | — | |||
| 78 | $BOBS | Bob's Discount Furniture, Inc. | Consumer Discretionary | $16.6M | 0.6% | 1.05M | +37% | |||
| 79 | $AXSM | Axsome Therapeutics, Inc. | Healthcare | $16.4M | 0.6% | 67K | +0.2% | |||
| 80 | $PIPR | PIPER SANDLER COMPANIES | Financials | $16.3M | 0.6% | 225K | — | |||
| 81 | $PI | IMPINJ INC | Technology | $15.9M | 0.6% | 111K | — | |||
| 82 | $MIR | Mirion Technologies, Inc. | Technology | $15.7M | 0.6% | 873K | — | |||
| 83 | $SKWD | Skyward Specialty Insurance Group, Inc. | Financials | $15.5M | 0.6% | 266K | -34% | |||
| 84 | $EVLV | Evolv Technologies Holdings, Inc. | Technology | $15.5M | 0.5% | 2.67M | — | |||
| 85 | $RDNT | RadNet, Inc. | Healthcare | $15.5M | 0.5% | 251K | +0.1% | |||
| 86 | $SVRA | Savara Inc | Healthcare | $14.6M | 0.5% | 2.38M | +0.3% | |||
| 87 | $SBCF | SEACOAST BANKING CORP OF FLORIDA | Financials | $14.4M | 0.5% | 434K | +33% | |||
| 88 | $POWI | POWER INTEGRATIONS INC | Technology | $14.4M | 0.5% | 172K | +181% | |||
| 89 | $AMBQ | Ambiq Micro, Inc. | Technology | $14.1M | 0.5% | 159K | New | |||
| 90 | $HIMS | Hims & Hers Health, Inc. | Healthcare | $13.8M | 0.5% | 399K | New | |||
| 91 | $ARHS | Arhaus, Inc. | Consumer Discretionary | $13.3M | 0.5% | 1.58M | +59% | |||
| 92 | $DNTH | Dianthus Therapeutics, Inc. /DE/ | Healthcare | $12.8M | 0.5% | 131K | New | |||
| 93 | $CCB | COASTAL FINANCIAL CORP | Financials | $12.1M | 0.4% | 157K | — | |||
| 94 | $ALMR | Alamar Biosciences, Inc. | Healthcare | $11.4M | 0.4% | 422K | New | |||
| 95 | $EE | Excelerate Energy, Inc. | Energy | $11.4M | 0.4% | 300K | +59% | |||
| 96 | $ATEC | Alphatec Holdings, Inc. | Healthcare | $10.9M | 0.4% | 1.26M | +9% | |||
| 97 | $FWRG | First Watch Restaurant Group, Inc. | Consumer Discretionary | $10.6M | 0.4% | 824K | +45% | |||
| 98 | $LPTH | LIGHTPATH TECHNOLOGIES INC | Technology | $9.9M | 0.3% | 608K | New | |||
| 99 | $TRIN | Trinity Capital Inc. | Other | $9.8M | 0.3% | 549K | — | |||
| 100 | $QTWO | Q2 Holdings, Inc. | Technology | $9.8M | 0.3% | 204K | — | |||
| 101 | $TREE | LendingTree, Inc. | Financials | $9.7M | 0.3% | 218K | — | |||
| 102 | $EVER | EverQuote, Inc. | Technology | $9.5M | 0.3% | 397K | -3% | |||
| 103 | $SLDE | Slide Insurance Holdings, Inc. | Financials | $8.9M | 0.3% | 460K | — | |||
| 104 | $AVAH | Aveanna Healthcare Holdings, Inc. | Healthcare | $8.3M | 0.3% | 967K | -0.9% | |||
| 105 | $CRVS | Corvus Pharmaceuticals, Inc. | Healthcare | $7.9M | 0.3% | 526K | +15% | |||
| 106 | $VC | VISTEON CORP | Industrials | $7.5M | 0.3% | 76K | +22% | |||
| 107 | $DAVE | Dave Inc./DE | Financials | $7.4M | 0.3% | 20K | +703% | |||
| 108 | $WHK | WhiteHawk Minerals Corp. | Energy | $7.3M | 0.3% | 264K | New | |||
| 109 | $VRDN | Viridian Therapeutics, Inc.\DE | Healthcare | $7.3M | 0.3% | 396K | New | |||
| 110 | $AVEX | AEVEX Corp. | Industrials | $7.1M | 0.3% | 341K | New | |||
| 111 | $DFTX | Definium Therapeutics, Inc. | Healthcare | $5.7M | 0.2% | 121K | New | |||
| 112 | $MPB | MID PENN BANCORP INC | Financials | $5.7M | 0.2% | 162K | — | |||
| 113 | $AMBA | AMBARELLA INC | Technology | $5.6M | 0.2% | 66K | New | |||
| 114 | $FCBM | First Carolina Financial Services, Inc. | Financials | $5.5M | 0.2% | 414K | New | |||
| 115 | $ATRO | ASTRONICS CORP | Industrials | $5.0M | 0.2% | 65K | New | |||
| 116 | $FLOC | Flowco Holdings Inc. | Energy | $4.9M | 0.2% | 231K | — | |||
| 117 | $WVE | Wave Life Sciences, Inc. | Healthcare | $4.9M | 0.2% | 848K | +4% | |||
| 118 | $WSBC | WESBANCO INC | Financials | $4.7M | 0.2% | 121K | +33% | |||
| 119 | $UTHR | UNITED THERAPEUTICS Corp | Healthcare | $4.3M | 0.1% | 7,928 | -5% | |||
| 120 | $HAWK | HawkEye 360, Inc. | Technology | $4.2M | 0.1% | 205K | New | |||
| 121 | $BRCB | Black Rock Coffee Bar, Inc. | Consumer Discretionary | $3.8M | 0.1% | 454K | — | |||
| 122 | $MTUS | Metallus Inc. | Materials | $3.7M | 0.1% | 197K | -17% | |||
| 123 | $GBFH | GBank Financial Holdings Inc. | Financials | $3.6M | 0.1% | 118K | — | |||
| 124 | $BWMN | Bowman Consulting Group Ltd. | Technology | $2.8M | 0.1% | 96K | +23% | |||
| 125 | $HTFL | Heartflow, Inc. | Healthcare | $2.8M | 0.1% | 94K | -28% | |||
| 126 | $OFRM | Once Upon a Farm, PBC | Consumer Staples | $2.7M | 0.1% | 129K | -39% | |||
| 127 | $EROC | ERock, Inc. | Technology | $2.6M | 0.1% | 182K | New | |||
| 128 | $ICUI | ICU MEDICAL INC/DE | Healthcare | $2.4M | 0.1% | 16K | -16% | |||
| 129 | $SWIM | Latham Group, Inc. | Materials | $2.3M | 0.1% | 352K | -45% | |||
| 130 | $ESQ | Esquire Financial Holdings, Inc. | Financials | $2.2M | 0.1% | 19K | — | |||
| 131 | $MCB | Metropolitan Bank Holding Corp. | Financials | $2.1M | 0.1% | 22K | -6% | |||
| 132 | — | NORTHEAST BANCORP - COM | — | $2.1M | 0.1% | 16K | -11% | |||
| 133 | $CASH | PATHWARD FINANCIAL, INC. | Financials | $1.9M | 0.1% | 21K | — | |||
| 134 | $TWST | Twist Bioscience Corp | Healthcare | $1.9M | 0.1% | 18K | +1% | |||
| 135 | $NP | Neptune Insurance Holdings Inc. | Financials | $1.7M | 0.1% | 55K | -33% | |||
| 136 | $CBLL | Ceribell, Inc. | Healthcare | $1.7M | 0.1% | 89K | +1% | |||
| 137 | $CRDO | Credo Technology Group Holding Ltd | Technology | $1.6M | 0.1% | 5,730 | -98% | |||
| 138 | $ENVA | Enova International, Inc. | Financials | $1.5M | 0.1% | 6,371 | -68% | |||
| 139 | $PNFP | Pinnacle Financial Partners, Inc. | Financials | $1.4M | 0.1% | 14K | — | |||
| 140 | $WTFC | WINTRUST FINANCIAL CORP | Financials | $1.4M | 0.1% | 8,733 | — | |||
| 141 | $BBIO | BridgeBio Pharma, Inc. | Healthcare | $1.4M | 0.1% | 19K | -94% | |||
| 142 | $GMED | GLOBUS MEDICAL INC | Healthcare | $1.3M | 0.1% | 16K | +1% | |||
| 143 | $QCRH | QCR HOLDINGS INC | Financials | $1.3M | 0.0% | 13K | — | |||
| 144 | $INSM | INSMED Inc | Healthcare | $1.2M | 0.0% | 11K | +36% | |||
| 145 | $HOOD | Robinhood Markets, Inc. | Financials | $1.2M | 0.0% | 12K | -41% | |||
| 146 | $WAY | Waystar Holding Corp. | Technology | $1.1M | 0.0% | 56K | +1% | |||
| 147 | $SEZL | Sezzle Inc. | Financials | $1.1M | 0.0% | 6,378 | New | |||
| 148 | $LMRI | Lumexa Imaging Holdings, Inc. | Healthcare | $1.1M | 0.0% | 96K | -85% | |||
| 149 | $AMZN | AMAZON COM INC | Consumer Discretionary | $1.1M | 0.0% | 4,504 | New | |||
| 150 | $MCHB | Mechanics Bancorp | Financials | $961K | 0.0% | 60K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 27 new, 84 added to, 38 trimmed, 30 sold out. Share-count changes; largest moves by dollar size first.
New positions (27)
$LGNLegence Corp.$36.3M
first bought this quarter
$SXTSENSIENT TECHNOLOGIES CORP$29.0M
first bought this quarter
$TEXTEREX CORP$25.8M
first bought this quarter
$HRIHERC HOLDINGS INC$24.2M
first bought this quarter
$MXLMAXLINEAR, INC$23.4M
first bought this quarter
$MTRNMATERION Corp$18.2M
first bought this quarter
+21 more in the Excel export
Added to (84)
now $41.6M · held 2 qtrs, 2 adds in a row
now $40.4M · held 6 qtrs
now $42.0M · held 10+ qtrs, 2 adds in a row
now $51.7M · held 3 qtrs, 3 adds in a row
now $42.8M · held 4 qtrs, 4 adds in a row
$FAFIRST ADVANTAGE CORP+112%
now $25.7M · held 10+ qtrs
+78 more in the Excel export
Trimmed (38)
$BEBloom Energy Corp-100%
now $344K
$CRDOCredo Technology Group Holding Ltd-98%
now $1.6M · held 10+ qtrs
$TTMITTM TECHNOLOGIES INC-70%
now $26.6M · held 8 qtrs, 5 trims in a row
now $40.7M · held 6 qtrs
$MODMODINE MANUFACTURING CO-44%
now $35.0M · held 9 qtrs
$BBIOBridgeBio Pharma, Inc.-94%
now $1.4M · held 10+ qtrs
+32 more in the Excel export
Sold out (30)
$FNFabrinetwas $33.9M
held 9+ qtrs
$STRLSTERLING INFRASTRUCTURE, INC.was $19.9M
held 4 qtrs
$SPXCSPX Technologies, Inc.was $18.6M
held 7 qtrs
$KALVKalVista Pharmaceuticals, Inc.was $16.2M
held 9+ qtrs
$SITMSITIME Corpwas $14.2M
held 6 qtrs
$CRSCARPENTER TECHNOLOGY CORPwas $14.1M
+24 more in the Excel export
Holdings by quarter
Every 13F EMERALD MUTUAL FUND ADVISERS TRUST has filed, 40 earlier quarters. Pick one to see what it held then.
Is it too late to follow EMERALD MUTUAL FUND ADVISERS?
Q2 2026 13F filed with the SEC on Aug 5, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of EMERALD MUTUAL FUND ADVISERS's top 20 holdings: 56/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-28.3%
Value-weighted move of the 10 largest stock positions
Turnover
26%
Last quarter; 64% over the last 4
Top 10 weight
19%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
72%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
EMERALD MUTUAL FUND ADVISERS TRUST disclosed 197 positions worth $2.8B in its Form 13F-HR for Q2 2026, followed by $TVTX and $CDNL. During the quarter the fund opened 27 new positions and exited 30 — including a new stake in $LGN and a full exit from $FN. The portfolio is most concentrated in Technology (33.9% of disclosed assets). All figures are sourced directly from EMERALD MUTUAL FUND ADVISERS TRUST’s Form 13F-HR filing with the SEC under CIK 1352895.
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