Latest EMERALD MUTUAL FUND ADVISERS TRUST Stock Portfolio

EMERALD MUTUAL FUND ADVISERS TRUST Performance:

2025 Q4: 5.69%YTD: 26.77%2024: 19.76%

Performance for 2025 Q4 is 5.69%, and YTD is 26.77%, and 2024 is 19.76%.

About EMERALD MUTUAL FUND ADVISERS TRUST and 13F Hedge Fund Stock Holdings

On 2026-02-09, the fund reported it's updated stock portfolio. In the 13F Holdings report, EMERALD MUTUAL FUND ADVISERS TRUST reported an equity portfolio of $2.1 Billions as of 31 Dec, 2025.

The top stock holdings of EMERALD MUTUAL FUND ADVISERS TRUST are EERN, GH, CRDO. The fund has invested 3.6% of it's portfolio in RBB FD INC and 2.6% of portfolio in GUARDANT HEALTH INC.

The fund managers got completely rid off LIFE360 INC, CLEARWATER ANALYTICS HDS (CWAN) and MACOM TECHNOLOGY SOLUTIONS (MTSI) stocks. They significantly reduced their stock positions in BOWHEAD SPECIALTY HOLDINGS, UTZ BRANDS INC (UTZ) and TENABLE HOLDING (TENB). EMERALD MUTUAL FUND ADVISERS TRUST opened new stock positions in PIPER SANDLER CO (PIPR), TREVI THERAPEUTICS (TRVI) and SYNAPTICS INC (SYNA). The fund showed a lot of confidence in some stocks as they added substantially to TETRA TECHNOLOGIES (TTI), SEACOAST BANKING CORPORATION OF FLORIDA (SBCF) and NEPTUNE INSURANCE HOLDINGS.

EMERALD MUTUAL FUND ADVISERS TRUST Annual Return Estimates Vs S&P 500

Our best estimate is that EMERALD MUTUAL FUND ADVISERS TRUST made a return of 5.69% in the last quarter. In trailing 12 months, it's portfolio return was 26.77%.

Performance
S&P 500

New Buys

Ticker	$ Bought
piper sandler co	16,729,400
trevi therapeutics	15,930,100
synaptics inc	15,459,700
lumexa imaging holdings inc	10,890,300
billiontoone inc	9,668,090
astronics corp	8,500,440
aveanna healthcare holdings	8,010,140
cardinal infrastructure group	7,253,880

New stocks bought by EMERALD MUTUAL FUND ADVISERS TRUST

Additions

Ticker	% Inc.
tetra technologies	3,073
seacoast banking corporation of florida	928
neptune insurance holdings	397
mp materials corp	311
biogen idec inc	295
indie semiconductor inc	264
golar lng limited	263
bwx technologies inc	263

Additions to existing portfolio by EMERALD MUTUAL FUND ADVISERS TRUST

Reductions

Ticker	% Reduced
bowhead specialty holdings	-92.3
ategrity specialty holdings	-69.16
utz brands inc	-66.75
tenable holding	-62.19
lumentum holdings inc	-59.7
integer holdings corp	-58.04
kinsale capital group inc	-50.83
first busey corp	-50.76

EMERALD MUTUAL FUND ADVISERS TRUST reduced stake in above stock

Sold off

Ticker	$ Sold
clearwater analytics hds	-10,682,300
89bio inc	-7,527,150
sable offshore corp	-6,203,960
proficient auto logistics inc	-1,882,960
cadence bank	-7,853,140
napco security	-8,138,810
biohaven ltd	-2,606,580
akero therapeutcs inc	-5,258,270

EMERALD MUTUAL FUND ADVISERS TRUST got rid off the above stocks

Sector Distribution

EMERALD MUTUAL FUND ADVISERS TRUST has about 23.5% of it's holdings in Technology sector.

Sector	%
Technology	23.5
Healthcare	22.6
Industrials	18.2
Financial Services	11.6
Others	7.9
Consumer Cyclical	7.9
Consumer Defensive	3.2
Communication Services	2
Energy	1.7

Market Cap. Distribution

EMERALD MUTUAL FUND ADVISERS TRUST has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MID-CAP	50.8
SMALL-CAP	36.3
UNALLOCATED	8
MICRO-CAP	3.7

Stocks belong to which Index?

About 79.7% of the stocks held by EMERALD MUTUAL FUND ADVISERS TRUST either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	79.7
Others	20.2

Top 5 Winners (%)		%
COGT	cogent biosciences inc	144.6 %
WVE	wave life sciences ltd	119.1 %
LITE	lumentum holdings inc	88.8 %
AGLE	spyre therapeutics	74.4 %
	ceribell inc	72.4 %

Top 5 Winners ($)		$
LITE	lumentum holdings inc	31.2 M
COGT	cogent biosciences inc	21.8 M
GH	guardant health inc	21.4 M
WVE	wave life sciences ltd	15.4 M
TVTX	travere therapeutics inc	15.4 M

Top 5 Losers (%)		%
	korro bio inc	-82.5 %
CORT	corcept therapeutics inc	-55.7 %
BMNR	bitmine immersion technologies	-47.7 %
AMSC	american semiconductor corp	-47.6 %
PRCH	porch group inc	-45.6 %

Top 5 Losers ($)		$
VRNS	varonis systems inc	-13.7 M
AMSC	american semiconductor corp	-11.4 M
AVAV	aerovironment inc	-9.8 M
KTOS	kratos defense and security	-8.6 M
CORT	corcept therapeutics inc	-8.5 M

EMERALD MUTUAL FUND ADVISERS TRUST Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of EMERALD MUTUAL FUND ADVISERS TRUST

EMERALD MUTUAL FUND ADVISERS TRUST has 189 stocks in it's portfolio. About 20.4% of the portfolio is in top 10 stocks. VRNS proved to be the most loss making stock for the portfolio. LITE was the most profitable stock for EMERALD MUTUAL FUND ADVISERS TRUST last quarter.

Last Reported on: 09 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAOI	applied optoelectronics inc	0.68	399,050	13,910,900	added	5.07

AAPL	apple inc	0.00	0.00	0.00	sold off	-100

ABCB	ameris bancorp	0.02	4,442	329,907	unchanged	0.00

ACAD	acadia pharmaceuticals inc	0.63	484,506	12,941,200	added	53.65

ADGI	invivyd inc	0.05	428,847	1,059,250	new

AFRM	affirm holdings inc	0.02	6,520	485,284	unchanged	0.00

AGLE	spyre therapeutics	0.66	412,371	13,509,300	added	33.79

AGX	argan inc	0.90	58,943	18,468,000	added	12.59

AGYS	agilysys inc	1.19	205,857	24,464,000	unchanged	0.00

AIR	aar corporation	1.02	252,772	20,927,000	added	19.72

AKRO	akero therapeutcs inc	0.00	0.00	0.00	sold off	-100

ALGT	allegiant travel co	0.88	211,825	18,062,300	reduced	-18.82

AMSC	american semiconductor corp	0.61	435,246	12,526,400	added	41.43

AMZN	amazon.com, inc	0.00	0.00	0.00	sold off	-100

APP	applovin corp	0.00	0.00	0.00	sold off	-100

ARHS	arhaus inc	0.54	990,215	11,100,300	added	5.98

ARLO	arlo technologies	0.84	1,238,320	17,324,100	added	26.35

ATEC	alphatec holdings inc	0.93	910,053	19,147,500	reduced	-4.81

ATI	ati inc	1.03	183,555	21,064,800	unchanged	0.00

ATRO	astronics corp	0.41	156,719	8,500,440	new