Emerald Advisers, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 5, 2026), Emerald Advisers, LLC reported 237 stock positions worth $4.2 billion. Its top holding was Travere Therapeutics (TVTX) at 2.1% of the portfolio, followed by Cardinal Infrastructure GR-A (CDNL, 1.9%) and Mercury Systems (MRCY, 1.8%). Compared with Q1 2026, it opened 28 new positions, sold out of 39, added to 81 and reduced 83. The biggest buy was a new position in Legence Class A (LGN) and the biggest sale Bloom Energy Class A (BE, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- LEOLA, PA
- CIK
- 0001015083
- Portfolio Value
- $4.2B (Q2 2026)
- SEC Filing
- 0001104659-26-090959 ↗ filed Aug 5, 2026
Holdings Value
Holdings 237 stocks · $4.2B
| TVTX Travere Therapeutics Inc. | 2.14% | 1,600,886 | $90.9M | Add +2.8% |
| CDNL Cardinal Infrastructure GR-A | 1.88% | 847,969 | $79.9M | Add +46.6% |
| MRCY Mercury Systems Inc. | 1.84% | 638,682 | $78.1M | Add +7.3% |
| AIR Aar Corp. | 1.76% | 521,919 | $74.6M | Add +17.1% |
| VSEC Vse Corp. | 1.74% | 323,152 | $73.8M | Add +2.7% |
| KLIC Kulicke & Soffa Industries | 1.74% | 551,535 | $73.8M | Reduce -3.1% |
| AGX Argan Inc. | 1.68% | 89,296 | $71.3M | Reduce -6.3% |
| CECO Ceco Environmental Corp. | 1.57% | 736,784 | $66.9M | Add +40.9% |
| CORT Corcept Therapeutics Inc. | 1.53% | 748,325 | $65.1M | Add +264.1% |
| LIVN Livanova PLC | 1.52% | 787,101 | $64.7M | Add +17.4% |
| SMTC Semtech Corp. | 1.50% | 393,030 | $63.6M | Reduce -14.0% |
| IDCC Interdigital Inc. | 1.49% | 223,517 | $63.3M | Add +114.8% |
| ESE Esco Technologies Inc. | 1.48% | 179,798 | $62.9M | Add +10.5% |
| ACLS Axcelis Technologies Inc. | 1.47% | 330,469 | $62.6M | Add +243.4% |
| PDFS PDF Solutions Inc. | 1.47% | 884,294 | $62.6M | Add +2.7% |
| PLXS Plexus Corp. | 1.47% | 207,712 | $62.5M | Add +24.7% |
| COHU Cohu Inc. | 1.47% | 843,627 | $62.4M | Add +8.1% |
| COGT Cogent Biosciences Inc. | 1.46% | 1,603,319 | $62.0M | Add +1.0% |
| ALGT Allegiant Travel Co. | 1.32% | 475,112 | $55.9M | Add +40.5% |
| LGN Legence Corp. Class A | 1.31% | 653,788 | $55.7M | New |
| MIRM Mirum Pharmaceuticals Inc. | 1.29% | 468,295 | $54.8M | Add +17.9% |
| GH Guardant Health Inc. | 1.29% | 364,022 | $54.6M | Reduce -56.8% |
| MOD Modine Manufacturing Co. | 1.27% | 202,754 | $54.1M | Reduce -46.4% |
| AX Axos Financial Inc. | 1.23% | 536,162 | $52.2M | Add +8.1% |
| SEI Solaris Energy Infrastructur | 1.21% | 640,616 | $51.5M | Add +7.7% |
| LASR Nlight Inc. | 1.21% | 736,848 | $51.3M | Reduce -1.3% |
| SYRE Spyre Therapeutics Inc. | 1.19% | 567,430 | $50.4M | Reduce -7.5% |
| UMBF Umb Financial Corp. | 1.16% | 345,687 | $49.4M | Add +29.3% |
| BOOT Boot Barn Holdings Inc. | 1.16% | 300,226 | $49.3M | Add +44.0% |
| RSI Rush Street Interactive Inc. | 1.15% | 1,639,592 | $48.8M | Add +4.2% |
| SXT Sensient Technologies Corp. | 1.15% | 394,927 | $48.7M | New |
| BLLN Billiontoone Inc. Class A | 1.06% | 375,858 | $45.1M | Add +56.9% |
| AGYS Agilysys Inc. | 1.05% | 427,845 | $44.7M | Add +32.3% |
| ATRO Astronics Corp. | 0.98% | 513,984 | $41.8M | Add +14.4% |
| TTMI TTM Technologies | 0.98% | 221,627 | $41.4M | Reduce -70.5% |
| COMP Compass Inc. Class A | 0.96% | 3,296,616 | $40.6M | Add +24.0% |
| FRPT Freshpet Inc. | 0.94% | 673,730 | $39.8M | Add +40.2% |
| LTH Life Time Group Holdings Inc. | 0.93% | 971,490 | $39.7M | Add +48.0% |
| FA First Advantage Corp. | 0.93% | 2,188,875 | $39.5M | Add +90.7% |
| TEX Terex Corp. | 0.93% | 545,046 | $39.5M | New |
| CYTK Cytokinetics Inc. | 0.92% | 457,956 | $39.0M | Add +130.3% |
| IPGP Ipg Photonics Corp. | 0.90% | 326,701 | $38.3M | Add +7.1% |
| EYE National Vision Holdings Inc. | 0.90% | 2,006,691 | $38.1M | Add +33.5% |
| DIOD Diodes Inc. | 0.89% | 345,473 | $37.8M | Add +90.8% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.88% | 261,155 | $37.4M | New |
| SYNA Synaptics Inc. | 0.87% | 298,552 | $37.1M | Reduce -9.5% |
| MXL Maxlinear Inc. | 0.84% | 280,350 | $35.9M | New |
| MANE Veradermics Inc. | 0.83% | 288,370 | $35.5M | Add +117.6% |
| VRNS Varonis Systems Inc. | 0.83% | 841,193 | $35.3M | Reduce -3.2% |
| PVLA Palvella Therapeutics Inc. | 0.83% | 229,486 | $35.1M | Add +42.1% |
| TTI Tetra Technologies Inc. | 0.82% | 3,093,379 | $35.0M | Add +16.2% |
| AMSC American Superconductor Corp. | 0.82% | 843,956 | $35.0M | Add +11.4% |
| MC Moelis & Co. Class A | 0.82% | 531,883 | $34.8M | Reduce -3.0% |
| KTOS Kratos Defense & Security | 0.82% | 697,181 | $34.8M | Reduce -16.6% |
| OLLI Ollie's Bargain Outlet Holdi | 0.80% | 444,778 | $34.2M | Add +28.1% |
| RMBS Rambus Inc. | 0.79% | 252,693 | $33.5M | Reduce -48.8% |
| TRVI Trevi Therapeutics Inc. | 0.79% | 1,797,611 | $33.5M | Reduce -2.3% |
| ONTO Onto Innovation Inc. | 0.78% | 87,619 | $33.2M | Reduce -26.0% |
| IMAX Imax Corp. | 0.78% | 827,965 | $33.0M | Reduce -2.5% |
| TMDX Transmedics Group Inc. | 0.77% | 490,491 | $32.6M | Add +43.1% |
| RXO Rxo Inc. | 0.76% | 1,174,517 | $32.4M | Add +167.9% |
| PLMR Palomar Holdings Inc. | 0.74% | 248,267 | $31.4M | Reduce -16.8% |
| AAOI Applied Optoelectronics Inc. | 0.74% | 211,574 | $31.3M | Reduce -51.2% |
| BJRI Bj's Restaurants Inc. | 0.73% | 513,574 | $31.2M | Reduce -3.3% |
| TBBK The Bancorp Inc. | 0.70% | 478,025 | $29.9M | Reduce -2.7% |
| HNGE Hinge Health Inc. Class A | 0.70% | 358,655 | $29.8M | Add +28.6% |
| AVAV Aerovironment Inc. | 0.69% | 176,383 | $29.1M | Reduce -1.9% |
| CVLT Commvault Systems Inc. | 0.66% | 198,459 | $28.1M | Add +0.7% |
| MTRN Materion Corp. | 0.65% | 92,808 | $27.6M | New |
| QBTS D-Wave Quantum Inc. | 0.65% | 1,147,775 | $27.5M | Add +112.4% |
| ARLO Arlo Technologies Inc. | 0.64% | 2,021,645 | $27.3M | Add +0.1% |
| NKTR Nektar Therapeutics | 0.64% | 390,158 | $27.2M | Reduce -1.1% |
| CUBI Customers Bancorp Inc. | 0.62% | 334,660 | $26.5M | Reduce -2.5% |
| AXSM Axsome Therapeutics Inc. | 0.60% | 104,237 | $25.5M | Reduce -3.1% |
| BOBS Bob's Discount Furniture | 0.60% | 1,607,068 | $25.4M | Add +19.5% |
| PIPR Piper Sandler Cos | 0.60% | 350,159 | $25.3M | Reduce -2.9% |
| PI Impinj Inc. | 0.60% | 176,780 | $25.3M | Reduce -2.7% |
| NPKI NPK International Inc. | 0.59% | 1,573,597 | $25.0M | New |
| HAPN Happen Inc. | 0.58% | 1,193,757 | $24.8M | Add +28.7% |
| EVLV Evolv Technologies Holdings | 0.58% | 4,227,336 | $24.5M | Reduce -2.4% |
| MIR Mirion Technologies Inc. | 0.58% | 1,364,780 | $24.5M | Reduce -1.2% |
| DNTH Dianthus Therapeutics Inc. | 0.57% | 247,805 | $24.2M | New |
| OSW Onespaworld Holdings Ltd. | 0.57% | 852,158 | $24.1M | Reduce -3.7% |
| RDNT Radnet Inc. | 0.54% | 370,489 | $22.8M | Reduce -3.0% |
| POWI Power Integrations Inc. | 0.52% | 264,342 | $22.1M | Add +127.8% |
| SKWD Skyward Specialty Insurance | 0.51% | 373,762 | $21.8M | Reduce -40.5% |
| SBCF Seacoast Banking Corp. | 0.51% | 653,964 | $21.7M | Add +29.7% |
| AMBQ Ambiq Micro Inc. | 0.51% | 243,664 | $21.5M | New |
| HIMS Hims & Hers Health Inc. | 0.50% | 608,509 | $21.1M | New |
| ARHS Arhaus Inc. | 0.47% | 2,375,058 | $20.0M | Add +29.3% |
| FWRG First Watch Restaurant Group | 0.46% | 1,526,759 | $19.7M | Add +61.2% |
| SVRA Savara Inc. | 0.46% | 3,148,439 | $19.4M | Reduce -6.6% |
| EE Excelerate Energy Inc. Class A | 0.43% | 485,260 | $18.4M | Add +53.7% |
| ATEC Alphatec Holdings Inc. | 0.43% | 2,104,451 | $18.2M | Add +16.4% |
| ALMR Alamar Biosciences Inc. | 0.41% | 647,183 | $17.5M | New |
| CCB Coastal Financial Corp. | 0.39% | 216,333 | $16.8M | Reduce -2.2% |
| VC Visteon Corp. | 0.38% | 162,419 | $16.1M | Add +47.0% |
| EVER Everquote Inc. Class A | 0.36% | 651,922 | $15.5M | Reduce -5.7% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 0.36% | 318,823 | $15.3M | Reduce -0.6% |
| LPTH Lightpath Technologies Inc. Class A | 0.36% | 937,258 | $15.3M | New |
Portfolio Sells Q1 2026 → Q2 2026
| BE Bloom Energy Corp. Class A | Reduce -98.6% | 0.06% | −2.27 |
| FN Fabrinet | Reduce -99.2% | 0.01% | −1.76 |
| CRDO Credo Technology Group Holdi | Reduce -96.1% | 0.12% | −1.36 |
| TTMI TTM Technologies | Reduce -70.5% | 0.98% | −1.34 |
| MOD Modine Manufacturing Co. | Reduce -46.4% | 1.27% | −1.32 |
| BBIO Bridgebio Pharma Inc. | Sold out | 0.00% | −1.21 |
| GH Guardant Health Inc. | Reduce -56.8% | 1.29% | −1.18 |
| KTOS Kratos Defense & Security | Reduce -16.6% | 0.82% | −1.05 |
| STRL Sterling Infrastructure Inc. | Reduce -99.4% | 0.01% | −1.02 |
| SPXC SPX Technologies Inc. | Sold out | 0.00% | −0.93 |
| KALV Kalvista Pharmaceuticals Inc. | Sold out | 0.00% | −0.81 |
| CRS Carpenter Technology | Reduce -99.0% | 0.01% | −0.77 |
| ATI Ati Inc. | Reduce -91.2% | 0.07% | −0.76 |
| SITM Sitime Corp. | Sold out | 0.00% | −0.72 |
| MDGL Madrigal Pharmaceuticals Inc. | Reduce -99.8% | 0.00% | −0.62 |
| FIVE Five Below | Reduce -95.8% | 0.01% | −0.59 |
| PWP Perella Weinberg Partners | Reduce -97.3% | 0.01% | −0.58 |
| RMBS Rambus Inc. | Reduce -48.8% | 0.79% | −0.55 |
| AAOI Applied Optoelectronics Inc. | Reduce -51.2% | 0.74% | −0.42 |
| COLL Collegium Pharmaceutical Inc. | Reduce -99.7% | 0.00% | −0.42 |
| IONQ Ionq Inc. | Sold out | 0.00% | −0.41 |
| PLMR Palomar Holdings Inc. | Reduce -16.8% | 0.74% | −0.39 |
| AVAV Aerovironment Inc. | Reduce -1.9% | 0.69% | −0.36 |
| SKWD Skyward Specialty Insurance | Reduce -40.5% | 0.51% | −0.35 |
| SLNO Soleno Therapeutics Inc. | Sold out | 0.00% | −0.29 |
| PIPR Piper Sandler Cos | Reduce -2.9% | 0.60% | −0.28 |
| NKTR Nektar Therapeutics | Reduce -1.1% | 0.64% | −0.26 |
| EVLV Evolv Technologies Holdings | Reduce -2.4% | 0.58% | −0.25 |
| SKYT Skywater Technology Inc. | Sold out | 0.00% | −0.25 |
| LMRI Lumexa Imaging Holdings Inc. | Reduce -97.3% | 0.01% | −0.24 |
| IMAX Imax Corp. | Reduce -2.5% | 0.78% | −0.24 |
| MIR Mirion Technologies Inc. | Reduce -1.2% | 0.58% | −0.24 |
| MC Moelis & Co. Class A | Reduce -3.0% | 0.82% | −0.17 |
| OFRM Once Upon A Farm PBC | Reduce -90.6% | 0.02% | −0.16 |
| BRCB Black Rock Coffee Bar Inc. Class A | Reduce -1.0% | 0.14% | −0.16 |
| SWIM Latham Group Inc. | Reduce -91.7% | 0.01% | −0.16 |
| LASR Nlight Inc. | Reduce -1.3% | 1.21% | −0.14 |
| CCB Coastal Financial Corp. | Reduce -2.2% | 0.39% | −0.14 |
| RDNT Radnet Inc. | Reduce -3.0% | 0.54% | −0.14 |
| CUBI Customers Bancorp Inc. | Reduce -2.5% | 0.62% | −0.13 |
| TBBK The Bancorp Inc. | Reduce -2.7% | 0.70% | −0.13 |
| SVRA Savara Inc. | Reduce -6.6% | 0.46% | −0.13 |
| BYRN Byrna Technologies Inc. | Sold out | 0.00% | −0.13 |
| WVE Wave Life Sciences Ltd. | Reduce -3.0% | 0.17% | −0.12 |
| QTWO Q2 Holdings Inc. | Reduce -0.6% | 0.36% | −0.12 |
| TREE Lendingtree Inc. | Reduce -1.5% | 0.35% | −0.11 |
| CRVS Corvus Pharmaceuticals Inc. | Reduce -0.1% | 0.24% | −0.08 |
| OSW Onespaworld Holdings Ltd. | Reduce -3.7% | 0.57% | −0.08 |
| HTFL Heartflow Inc. | Reduce -30.3% | 0.11% | −0.06 |
| FLOC Flowco Holdings Inc. Class A | Reduce -1.3% | 0.19% | −0.06 |
Portfolio Buys Q1 2026 → Q2 2026
| LGN Legence Corp. Class A | New | 1.31% | +1.31 |
| CORT Corcept Therapeutics Inc. | Add +264.1% | 1.53% | +1.27 |
| ACLS Axcelis Technologies Inc. | Add +243.4% | 1.47% | +1.19 |
| CDNL Cardinal Infrastructure GR-A | Add +46.6% | 1.88% | +1.15 |
| SXT Sensient Technologies Corp. | New | 1.15% | +1.15 |
| TEX Terex Corp. | New | 0.93% | +0.93 |
| HRI Herc Holdings Inc. | New | 0.88% | +0.88 |
| MXL Maxlinear Inc. | New | 0.84% | +0.84 |
| COHU Cohu Inc. | Add +8.1% | 1.47% | +0.71 |
| TVTX Travere Therapeutics Inc. | Add +2.8% | 2.14% | +0.68 |
| MTRN Materion Corp. | New | 0.65% | +0.65 |
| NPKI NPK International Inc. | New | 0.59% | +0.59 |
| CECO Ceco Environmental Corp. | Add +40.9% | 1.57% | +0.59 |
| PDFS PDF Solutions Inc. | Add +2.7% | 1.47% | +0.58 |
| MANE Veradermics Inc. | Add +117.6% | 0.83% | +0.57 |
| DNTH Dianthus Therapeutics Inc. | New | 0.57% | +0.57 |
| RXO Rxo Inc. | Add +167.9% | 0.76% | +0.56 |
| AMBQ Ambiq Micro Inc. | New | 0.51% | +0.51 |
| CYTK Cytokinetics Inc. | Add +130.3% | 0.92% | +0.50 |
| FA First Advantage Corp. | Add +90.7% | 0.93% | +0.50 |
| DIOD Diodes Inc. | Add +90.8% | 0.89% | +0.50 |
| HIMS Hims & Hers Health Inc. | New | 0.50% | +0.50 |
| IDCC Interdigital Inc. | Add +114.8% | 1.49% | +0.50 |
| MRCY Mercury Systems Inc. | Add +7.3% | 1.84% | +0.47 |
| BLLN Billiontoone Inc. Class A | Add +56.9% | 1.06% | +0.46 |
| ALGT Allegiant Travel Co. | Add +40.5% | 1.32% | +0.45 |
| ALMR Alamar Biosciences Inc. | New | 0.41% | +0.41 |
| PLXS Plexus Corp. | Add +24.7% | 1.47% | +0.40 |
| QBTS D-Wave Quantum Inc. | Add +112.4% | 0.65% | +0.40 |
| LTH Life Time Group Holdings Inc. | Add +48.0% | 0.93% | +0.37 |
| LPTH Lightpath Technologies Inc. Class A | New | 0.36% | +0.36 |
| HNGE Hinge Health Inc. Class A | Add +28.6% | 0.70% | +0.36 |
| WSBC Wesbanco Inc. | Add +43782.8% | 0.35% | +0.35 |
| COMP Compass Inc. Class A | Add +24.0% | 0.96% | +0.34 |
| POWI Power Integrations Inc. | Add +127.8% | 0.52% | +0.33 |
| AGYS Agilysys Inc. | Add +32.3% | 1.05% | +0.32 |
| WHK Whitehawk Minerals Corp. Class A | New | 0.27% | +0.27 |
| AVEX Aevex Corp. Class A | New | 0.26% | +0.26 |
| DAVE Dave Inc. | New | 0.24% | +0.24 |
| VRDN Viridian Therapeutics Inc. | New | 0.23% | +0.23 |
| AIR Aar Corp. | Add +17.1% | 1.76% | +0.21 |
| UMBF Umb Financial Corp. | Add +29.3% | 1.16% | +0.21 |
| DFTX Definium Therapeutics Inc. | New | 0.20% | +0.20 |
| BOOT Boot Barn Holdings Inc. | Add +44.0% | 1.16% | +0.20 |
| AMBA Ambarella Inc. | New | 0.19% | +0.19 |
| PVLA Palvella Therapeutics Inc. | Add +42.1% | 0.83% | +0.19 |
| ATROB Astronics Corp. Class B | New | 0.19% | +0.19 |
| CVLT Commvault Systems Inc. | Add +0.7% | 0.66% | +0.18 |
| LIVN Livanova PLC | Add +17.4% | 1.52% | +0.18 |
| HAPN Happen Inc. | Add +28.7% | 0.58% | +0.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 237 | $4.2B | TVTX, CDNL, MRCY, AIR, VSEC |
| Q1 2026 | 248 | $3.2B | MOD, GH, BE, TTMI, COGT |
| Q4 2025 | 246 | $3.2B | GH, CRDO, KTOS, TTMI, TVTX |
| Q3 2025 | 256 | $3.1B | KTOS, CRDO, AVAV, RMBS, LITE |
| Q2 2025 | 248 | $2.7B | CRDO, AVAV, KTOS, TMDX, TTMI |
| Q1 2025 | 243 | $2.2B | FTAI, PLMR, CRDO, INSM, KTOS |
| Q4 2024 | 254 | $2.6B | CRDO, FTAI, FRPT, QTWO, GTLS |
| Q3 2024 | 248 | $2.6B | FTAI, FRPT, CRS, VRNS, INSM |
| Q2 2024 | 247 | $2.4B | FTAI, FRPT, CRS, TMDX, CRDO |
| Q1 2024 | 243 | $2.5B | SMCI, FRPT, FTAI, VRNS, CRS |