Latest EMERALD MUTUAL FUND ADVISERS TRUST Stock Portfolio

EMERALD MUTUAL FUND ADVISERS TRUST Performance:

2025 Q3: 14.85%YTD: 20.71%2024: 21.38%

Performance for 2025 Q3 is 14.85%, and YTD is 20.71%, and 2024 is 21.38%.

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

In it's latest 13F Holdings report, EMERALD MUTUAL FUND ADVISERS TRUST reported an equity portfolio of $1.9 Billions as of 30 Sep, 2025.

The top stock holdings of EMERALD MUTUAL FUND ADVISERS TRUST are EERN, KTOS, CRDO. The fund has invested 3.1% of it's portfolio in RBB FD INC and 2.8% of portfolio in KRATOS DEFENSE AND SECURITY.

The fund managers got completely rid off CHART INDS INC (GTLS), FORMFACTOR INC (FORM) and PORTILLOS INC (PTLO) stocks. They significantly reduced their stock positions in NOVOCURE LTD (NVCR), BALDWIN INSURANCE GROUP INC (BRP) and RXO INC. EMERALD MUTUAL FUND ADVISERS TRUST opened new stock positions in SEMTECH CORP (SMTC), ARGAN INC (AGX) and NEKTAR THERAPEUTICS (NKTR). The fund showed a lot of confidence in some stocks as they added substantially to COMPASS INC (COMP), CIRCLE INTERNET GROUP and SEACOAST BANKING CORPORATION OF FLORIDA (SBCF).

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 14.85% in the last quarter. In trailing 12 months, it's portfolio return was 23.23%.

New Buys

Ticker	$ Bought
semtech corp	17,750,800
argan inc	14,137,700
nektar therapeutics	13,269,400
hims & hers health inc	10,397,000
evolv technologies	10,268,500
customers bancorp inc	9,480,740
nlight inc	8,625,530
visteon corp	7,427,720

New stocks bought by EMERALD MUTUAL FUND ADVISERS TRUST

Additions

Ticker	% Inc.
compass inc	1,992
circle internet group	695
seacoast banking corporation of florida	184
mechanics bancorp	136
robinhood markets inc	127
cadence bank	125
commvault systems inc	119
united therapeutics corp del	112

Additions to existing portfolio by EMERALD MUTUAL FUND ADVISERS TRUST

Reductions

Ticker	% Reduced
novocure ltd	-91.27
baldwin insurance group inc	-88.97
rxo inc	-88.8
cnb finl corp pa	-87.98
first finl bancshares inc	-86.35
super micro computer inc	-80.03
omada health inc	-61.59
kinsale capital group inc	-56.5

EMERALD MUTUAL FUND ADVISERS TRUST reduced stake in above stock

Sold off

Ticker	$ Sold
portillos inc	-8,537,810
marathon digital holdings inc	-5,444,320
formfactor inc	-9,387,050
infinity natural resources	-3,308,400
sprout social inc	-2,789,290
mural oncology plc	-191,590
linkbancorp inc	-556,576
chart inds inc	-10,384,300

EMERALD MUTUAL FUND ADVISERS TRUST got rid off the above stocks

Sector Distribution

EMERALD MUTUAL FUND ADVISERS TRUST has about 26.4% of it's holdings in Technology sector.

Sector	%
Technology	26.4
Healthcare	19.8
Industrials	19.6
Financial Services	10
Consumer Cyclical	8.4
Others	7.7
Consumer Defensive	4
Communication Services	2.1

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	56.1
SMALL-CAP	31.7
UNALLOCATED	7.7
MICRO-CAP	2.8

Stocks belong to which Index?

About 78.6% of the stocks held by EMERALD MUTUAL FUND ADVISERS TRUST either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	78.6
Others	20.9

Top 5 Winners (%)		%
KTOS	kratos defense and security	96.7 %
SKYT	skywater technology inc	87.1 %
COGT	cogent biosciences inc	77.8 %
TREE	lendingtree inc	74.6 %
LITE	lumentum holdings inc	71.2 %

Top 5 Winners ($)		$
KTOS	kratos defense and security	38.1 M
CRDO	credo technology group holdings	26.7 M
RMBS	rambus inc	16.7 M
LITE	lumentum holdings inc	16.4 M
TTMI	ttm technologies inc	13.6 M

Top 5 Losers (%)		%
BRP	baldwin insurance group inc	-34.1 %
BJRI	bj's restaurant inc	-31.0 %
NVCR	novocure ltd	-27.4 %
PLMR	palomar holdings inc	-24.3 %
QTWO	q2 holdings inc	-22.3 %

Top 5 Losers ($)		$
PLMR	palomar holdings inc	-7.1 M
BRP	baldwin insurance group inc	-6.9 M
SLNO	soleno therapeutics inc	-6.6 M
QTWO	q2 holdings inc	-6.2 M
TMDX	transmedics group inc	-5.6 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 219 stocks in it's portfolio. About 21.8% of the portfolio is in top 10 stocks. PLMR proved to be the most loss making stock for the portfolio. KTOS was the most profitable stock for EMERALD MUTUAL FUND ADVISERS TRUST last quarter.

Last Reported on: 30 Oct, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAOI	applied optoelectronics inc	0.51	379,796	9,848,110	added	2.37

AAPL	apple inc	0.06	4,401	1,120,630	reduced	-21.95

ABCB	ameris bancorp	0.02	4,442	325,643	unchanged	0.00

ACAD	acadia pharmaceuticals inc	0.35	315,324	6,729,010	reduced	-1.25

AFRM	affirm holdings inc	0.03	6,520	476,482	new

AGLE	spyre therapeutics	0.27	308,212	5,165,630	reduced	-6.44

AGX	argan inc	0.73	52,352	14,137,700	new

AGYS	agilysys inc	1.12	205,857	21,666,400	added	13.07

AIR	aar corporation	0.98	211,132	18,932,200	added	8.7

AKRO	akero therapeutcs inc	0.27	110,747	5,258,270	reduced	-18.75

ALGT	allegiant travel co	0.82	260,935	15,857,000	added	34.76

ALKT	alkami technology inc	0.00	0.00	0.00	sold off	-100

AMSC	american semiconductor corp	0.94	307,737	18,276,500	added	43.86

AMZN	amazon.com, inc	0.04	3,832	841,392	reduced	-32.58

APP	applovin corp	0.01	265	190,413	new

ARHS	arhaus inc	0.51	934,333	9,931,960	unchanged	0.00

ARLO	arlo technologies	0.86	980,066	16,612,100	added	0.78

ATEC	alphatec holdings inc	0.72	956,049	13,901,000	reduced	-3.05

ATI	ati inc	0.77	183,555	14,930,400	added	2.4

AUB	atlantic union bankshares corp	0.00	0.00	0.00	sold off	-100