Emerald Advisers, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 29, 2024), Emerald Advisers, LLC reported 248 stock positions worth $2.6 billion. Its top holding was Ftai Aviation (FTAI) at 3.2% of the portfolio, followed by Freshpet (FRPT, 2.7%) and Carpenter Technology (CRS, 2.3%). Compared with Q2 2024, it opened 22 new positions, sold out of 21, added to 94 and reduced 105. The biggest buy was a new position in Avid Bioservices (CDMO) and the biggest sale Transmedics (TMDX, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- LEOLA, PA
- CIK
- 0001015083
- Portfolio Value
- $2.6B (Q3 2024)
- SEC Filing
- 0001104659-24-112224 ↗ filed Oct 29, 2024
Holdings Value
Holdings 248 stocks · $2.6B
| FTAI Ftai Aviation Ltd. | 3.23% | 628,932 | $83.6M | Reduce -24.2% |
| FRPT Freshpet Inc. | 2.72% | 514,004 | $70.3M | Reduce -4.4% |
| CRS Carpenter Technology | 2.28% | 370,006 | $59.0M | Reduce -27.6% |
| VRNS Varonis Systems Inc. | 2.04% | 933,656 | $52.8M | Reduce -2.2% |
| INSM Insmed Inc. | 1.95% | 689,807 | $50.4M | Add +7.7% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 1.91% | 620,877 | $49.5M | Add +2.6% |
| CRDO Credo Technology Group Holdi | 1.90% | 1,593,082 | $49.1M | Add +5.7% |
| RDNT Radnet Inc. | 1.80% | 669,250 | $46.4M | Add +3.3% |
| BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN | 1.70% | 884,299 | $44.0M | Add +1.8% |
| AVAV Aerovironment Inc. | 1.69% | 217,666 | $43.6M | Add +10.2% |
| ATI Ati Inc. | 1.65% | 637,468 | $42.7M | Reduce -0.5% |
| PLMR Palomar Holdings Inc. | 1.65% | 449,973 | $42.6M | Add +1.9% |
| KTOS Kratos Defense & Security | 1.57% | 1,741,251 | $40.6M | Reduce -1.3% |
| PI Impinj Inc. | 1.53% | 182,481 | $39.5M | Add +8.2% |
| LIVN Livanova PLC | 1.41% | 695,505 | $36.5M | Add +2.1% |
| SKWD Skyward Specialty Insurance | 1.38% | 874,581 | $35.6M | Add +3.4% |
| FOUR SHIFT4 Payments Inc. Class A | 1.37% | 398,807 | $35.3M | Add +1.4% |
| MOD Modine Manufacturing Co. | 1.36% | 264,349 | $35.1M | Add +1.6% |
| BPMC Blueprint Medicines Corp. | 1.34% | 375,866 | $34.8M | Add +10.2% |
| LPX Louisiana-Pacific Corp. | 1.32% | 317,241 | $34.1M | Add +9.5% |
| TENB Tenable Holdings Inc. | 1.30% | 828,201 | $33.6M | Add +0.7% |
| ITCI Intra-Cellular Therapies Inc. | 1.25% | 441,296 | $32.3M | Add +12.4% |
| AIR Aar Corp. | 1.24% | 491,406 | $32.1M | Add +1.3% |
| COLL Collegium Pharmaceutical Inc. | 1.24% | 827,302 | $32.0M | Add +27.2% |
| AX Axos Financial Inc. | 1.23% | 505,544 | $31.8M | Add +14.3% |
| RARE Ultragenyx Pharmaceutical Inc. | 1.22% | 569,798 | $31.7M | Add +17.1% |
| GTLS Chart Industries Inc. | 1.21% | 252,661 | $31.4M | Add +3.8% |
| MMSI Merit Medical Systems Inc. | 1.20% | 315,179 | $31.1M | Reduce -12.2% |
| MC Moelis & Co. Class A | 1.17% | 440,330 | $30.2M | Add +1.4% |
| PDFS PDF Solutions Inc. | 1.10% | 895,248 | $28.4M | Add +2.3% |
| BBIO Bridgebio Pharma Inc. | 1.09% | 1,103,508 | $28.1M | Add +65.6% |
| FORM Formfactor Inc. | 1.08% | 604,724 | $27.8M | Add +10.3% |
| TVTX Travere Therapeutics Inc. | 1.06% | 1,960,659 | $27.4M | Add +19.8% |
| NVEE NV5 Global Inc. | 1.01% | 280,666 | $26.2M | Add +3.2% |
| AGYS Agilysys Inc. | 1.01% | 239,455 | $26.1M | Reduce -0.4% |
| IDCC Interdigital Inc. | 0.99% | 180,987 | $25.6M | Add +50.3% |
| OLLI Ollie's Bargain Outlet Holdi | 0.97% | 257,297 | $25.0M | Add +17.3% |
| NEO Neogenomics Inc. | 0.96% | 1,682,214 | $24.8M | Reduce -8.8% |
| VITL Vital Farms Inc. | 0.96% | 706,440 | $24.8M | Add +106.8% |
| TNET Trinet Group Inc. | 0.95% | 252,819 | $24.5M | Add +1.1% |
| LITE Lumentum Holdings Inc. | 0.93% | 378,535 | $24.0M | Add +29.1% |
| RXO Rxo Inc. | 0.92% | 852,441 | $23.9M | Add +92.3% |
| FULT Fulton Financial Corp. | 0.92% | 1,307,559 | $23.7M | Add +213.6% |
| RMBS Rambus Inc. | 0.92% | 561,414 | $23.7M | Add +42.1% |
| TMDX Transmedics Group Inc. | 0.92% | 150,907 | $23.7M | Reduce -53.3% |
| WVE Wave Life Sciences Ltd. | 0.91% | 2,881,510 | $23.6M | Add +15.6% |
| FA First Advantage Corp. | 0.91% | 1,183,050 | $23.5M | Add +2.1% |
| LBPH Longboard Pharmaceuticals Inc. | 0.88% | 683,642 | $22.8M | Add +199.2% |
| FN Fabrinet | 0.85% | 93,167 | $22.0M | Add +87.0% |
| NOG Northern Oil and Gas Inc. | 0.84% | 611,509 | $21.7M | Add +7.8% |
| VKTX Viking Therapeutics Inc. | 0.83% | 339,047 | $21.5M | Add +3.7% |
| SPXC SPX Technologies Inc. | 0.81% | 132,051 | $21.1M | Add +40.6% |
| MTSI Macom Technology Solutions H | 0.80% | 186,478 | $20.7M | Reduce -31.0% |
| TREE Lendingtree Inc. | 0.80% | 356,389 | $20.7M | Add +3.0% |
| NSSC Napco Security Technologies | 0.80% | 508,257 | $20.6M | Add +4.0% |
| KLIC Kulicke & Soffa Industries | 0.79% | 452,945 | $20.4M | Add +2.2% |
| TDW Tidewater Inc. | 0.74% | 265,037 | $19.0M | Reduce -1.9% |
| BJRI Bj's Restaurants Inc. | 0.72% | 569,221 | $18.5M | Add +0.7% |
| CCOI Cogent Communications Holdin | 0.71% | 241,249 | $18.3M | Add +2.8% |
| CHDN Churchill Downs Inc. | 0.68% | 129,844 | $17.6M | Reduce -4.7% |
| PTLO Portillo's Inc. Class A | 0.66% | 1,272,214 | $17.1M | Add +29.4% |
| ARHS Arhaus Inc. | 0.65% | 1,371,567 | $16.9M | Add +2.4% |
| BPOP Popular Inc. | 0.64% | 164,982 | $16.5M | Add +30.4% |
| CDMO Avid Bioservices Inc. | 0.64% | 1,448,916 | $16.5M | New |
| SYNA Synaptics Inc. | 0.62% | 207,287 | $16.1M | Add +2.5% |
| SLNO Soleno Therapeutics Inc. | 0.61% | 313,334 | $15.8M | Add +6.8% |
| XPRO Expro Group Holdings NV | 0.60% | 907,451 | $15.6M | Add +55.0% |
| CLDX Celldex Therapeutics Inc. | 0.60% | 456,202 | $15.5M | Add +129.9% |
| WHD Cactus Inc. Class A | 0.59% | 254,763 | $15.2M | Reduce -1.6% |
| AKRO Akero Therapeutics Inc. | 0.58% | 524,427 | $15.0M | Add +1.8% |
| ONTO Onto Innovation Inc. | 0.57% | 71,192 | $14.8M | Reduce -43.2% |
| RHP Ryman Hospitality Properties | 0.55% | 132,663 | $14.2M | Reduce -1.4% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.53% | 525,552 | $13.8M | Reduce -28.6% |
| TRNO Terreno Realty Corp. | 0.53% | 205,861 | $13.8M | Reduce -1.2% |
| TTMI TTM Technologies | 0.53% | 750,280 | $13.7M | New |
| EVER Everquote Inc. Class A | 0.52% | 640,032 | $13.5M | Add +165.8% |
| IBP Installed Building Products | 0.52% | 54,656 | $13.5M | Add +2.7% |
| UMBF Umb Financial Corp. | 0.50% | 122,415 | $12.9M | New |
| ACAD Acadia Pharmaceuticals Inc. | 0.49% | 830,829 | $12.8M | Add +2.7% |
| SIGI Selective Insurance Group | 0.46% | 126,125 | $11.8M | New |
| OFIX Orthofix Medical Inc. | 0.44% | 732,660 | $11.4M | Reduce -0.2% |
| ATRC Atricure Inc. | 0.42% | 389,836 | $10.9M | Add +10.9% |
| TRIN Trinity Capital Inc. | 0.42% | 804,942 | $10.9M | Add +11.3% |
| CVLT Commvault Systems Inc. | 0.41% | 69,525 | $10.7M | New |
| CWAN Clearwater Analytics HDS-A | 0.39% | 401,982 | $10.2M | New |
| SKYT Skywater Technology Inc. | 0.39% | 1,113,353 | $10.1M | Add +1.7% |
| YOU Clear Secure Inc. Class A | 0.37% | 292,257 | $9.7M | Reduce -5.5% |
| KALV Kalvista Pharmaceuticals Inc. | 0.37% | 835,988 | $9.7M | Add +29.8% |
| ZUO Zuora Inc. Class A | 0.37% | 1,105,573 | $9.5M | Reduce -9.0% |
| QTRX Quanterix Corp. | 0.36% | 719,217 | $9.3M | Add +5.6% |
| JACK Jack in the Box Inc. | 0.36% | 200,067 | $9.3M | Add +2.9% |
| ARLO Arlo Technologies Inc. | 0.36% | 768,315 | $9.3M | Reduce -13.1% |
| KROS Keros Therapeutics Inc. | 0.35% | 155,545 | $9.0M | New |
| EYE National Vision Holdings Inc. | 0.34% | 805,086 | $8.8M | Reduce -6.0% |
| LIF LIFE360 Inc. | 0.34% | 221,679 | $8.7M | Add +6.0% |
| NVDA Nvidia Corp. | 0.34% | 71,410 | $8.7M | No change |
| SYRE Spyre Therapeutics Inc. | 0.33% | 292,569 | $8.6M | New |
| LNWO Light & Wonder Inc. | 0.33% | 92,844 | $8.4M | Reduce -47.4% |
| FFIN First Finl Bankshares Inc. | 0.32% | 222,507 | $8.2M | New |
| SNCY Sun Country Airlines Holding filed as SUN CTRY AIRLS HLDGS INC | 0.31% | 705,203 | $7.9M | Reduce -20.1% |
Portfolio Sells Q2 2024 → Q3 2024
| TMDX Transmedics Group Inc. | Reduce -53.3% | 0.92% | −1.13 |
| MDGL Madrigal Pharmaceuticals Inc. | Reduce -71.8% | 0.22% | −0.91 |
| ONT Onterris Inc. | Reduce -28.6% | 0.53% | −0.84 |
| VAL Valaris Ltd. | Reduce -99.8% | 0.00% | −0.80 |
| INDI Indie Semiconductor Inc. Class A | Reduce -95.5% | 0.02% | −0.64 |
| ONTO Onto Innovation Inc. | Reduce -43.2% | 0.57% | −0.58 |
| HLI Houlihan Lokey Inc. | Reduce -99.6% | 0.00% | −0.49 |
| MTSI Macom Technology Solutions H | Reduce -31.0% | 0.80% | −0.46 |
| LNWO Light & Wonder Inc. | Reduce -47.4% | 0.33% | −0.45 |
| VC Visteon Corp. | Reduce -99.9% | 0.00% | −0.44 |
| SVV Savers Value Village Inc. | Sold out | 0.00% | −0.38 |
| CHUY Chuy's Holdings Inc. | Sold out | 0.00% | −0.38 |
| FTAI Ftai Aviation Ltd. | Reduce -24.2% | 3.23% | −0.36 |
| WFRD Weatherford International PL | Reduce -94.3% | 0.01% | −0.36 |
| BANC Banc of California Inc. | Reduce -99.9% | 0.00% | −0.34 |
| TDW Tidewater Inc. | Reduce -1.9% | 0.74% | −0.34 |
| MAX Mediaalpha Inc. Class A | Sold out | 0.00% | −0.33 |
| RPD RAPID7 Inc. | Reduce -97.6% | 0.01% | −0.32 |
| TTI Tetra Technologies Inc. | Reduce -86.9% | 0.04% | −0.31 |
| ATEC Alphatec Holdings Inc. | Reduce -32.9% | 0.15% | −0.30 |
| ARCB Arcbest Corp. | Sold out | 0.00% | −0.29 |
| HAE Haemonetics Corp. | Sold out | 0.00% | −0.23 |
| UTZ Utz Brands Inc. | Reduce -41.5% | 0.30% | −0.22 |
| FRPT Freshpet Inc. | Reduce -4.4% | 2.72% | −0.20 |
| PRFT Perficient Inc. | Sold out | 0.00% | −0.17 |
| SNCY Sun Country Airlines Holding | Reduce -20.1% | 0.31% | −0.16 |
| IRWD Ironwood Pharmaceuticals Inc. | Reduce -41.9% | 0.07% | −0.14 |
| ZUO Zuora Inc. Class A | Reduce -9.0% | 0.37% | −0.14 |
| EYE National Vision Holdings Inc. | Reduce -6.0% | 0.34% | −0.13 |
| ARLO Arlo Technologies Inc. | Reduce -13.1% | 0.36% | −0.12 |
| CHDN Churchill Downs Inc. | Reduce -4.7% | 0.68% | −0.12 |
| NEO Neogenomics Inc. | Reduce -8.8% | 0.96% | −0.11 |
| CVRX CVRX Inc. | Reduce -10.9% | 0.14% | −0.09 |
| MMSI Merit Medical Systems Inc. | Reduce -12.2% | 1.20% | −0.09 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.09 |
| CRS Carpenter Technology | Reduce -27.6% | 2.28% | −0.07 |
| FLYW Flywire Corp.-Voting | Reduce -18.0% | 0.18% | −0.06 |
| WAL Western Alliance Bancorp | Reduce -83.4% | 0.01% | −0.04 |
| IMVT Immunovant Inc. | Reduce -13.3% | 0.28% | −0.04 |
| AGYS Agilysys Inc. | Reduce -0.4% | 1.01% | −0.04 |
| ITGR Integer Holdings Corp. | Reduce -56.0% | 0.03% | −0.04 |
| WSC Willscot Holdings Corp. | Reduce -75.7% | 0.01% | −0.03 |
| CCNE CNB Financial Corp. | Reduce -27.8% | 0.10% | −0.03 |
| TREX Trex Company Inc. | Reduce -46.3% | 0.02% | −0.02 |
| ICLR Icon PLC | Sold out | 0.00% | −0.02 |
| AZO AutoZone Inc. | Reduce -55.0% | 0.02% | −0.02 |
| XPO Xpo Inc. | Reduce -53.8% | 0.02% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Reduce -13.3% | 0.06% | −0.02 |
| DAR Darling Ingredients Inc. | Reduce -38.5% | 0.03% | −0.02 |
| PINS Pinterest Inc. Class A | Reduce -1.1% | 0.03% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| CDMO Avid Bioservices Inc. | New | 0.64% | +0.64 |
| LBPH Longboard Pharmaceuticals Inc. | Add +199.2% | 0.88% | +0.62 |
| FULT Fulton Financial Corp. | Add +213.6% | 0.92% | +0.62 |
| TTMI TTM Technologies | New | 0.53% | +0.53 |
| UMBF Umb Financial Corp. | New | 0.50% | +0.50 |
| TVTX Travere Therapeutics Inc. | Add +19.8% | 1.06% | +0.50 |
| SIGI Selective Insurance Group | New | 0.46% | +0.46 |
| RXO Rxo Inc. | Add +92.3% | 0.92% | +0.44 |
| PI Impinj Inc. | Add +8.2% | 1.53% | +0.42 |
| CVLT Commvault Systems Inc. | New | 0.41% | +0.41 |
| BWIN Baldwin Insurance Group Inc./ | Add +1.8% | 1.70% | +0.41 |
| IDCC Interdigital Inc. | Add +50.3% | 0.99% | +0.40 |
| CWAN Clearwater Analytics HDS-A | New | 0.39% | +0.39 |
| WVE Wave Life Sciences Ltd. | Add +15.6% | 0.91% | +0.39 |
| RARE Ultragenyx Pharmaceutical Inc. | Add +17.1% | 1.22% | +0.39 |
| QTWO Q2 Holdings Inc. | Add +2.6% | 1.91% | +0.38 |
| BBIO Bridgebio Pharma Inc. | Add +65.6% | 1.09% | +0.38 |
| COLL Collegium Pharmaceutical Inc. | Add +27.2% | 1.24% | +0.36 |
| KROS Keros Therapeutics Inc. | New | 0.35% | +0.35 |
| FN Fabrinet | Add +87.0% | 0.85% | +0.34 |
| SYRE Spyre Therapeutics Inc. | New | 0.33% | +0.33 |
| FFIN First Finl Bankshares Inc. | New | 0.32% | +0.32 |
| LPX Louisiana-Pacific Corp. | Add +9.5% | 1.32% | +0.32 |
| EVER Everquote Inc. Class A | Add +165.8% | 0.52% | +0.31 |
| LITE Lumentum Holdings Inc. | Add +29.1% | 0.93% | +0.30 |
| CLDX Celldex Therapeutics Inc. | Add +129.9% | 0.60% | +0.29 |
| VITL Vital Farms Inc. | Add +106.8% | 0.96% | +0.29 |
| MOD Modine Manufacturing Co. | Add +1.6% | 1.36% | +0.26 |
| PTLO Portillo's Inc. Class A | Add +29.4% | 0.66% | +0.26 |
| SPXC SPX Technologies Inc. | Add +40.6% | 0.81% | +0.25 |
| BIOA Bioage Labs Inc. | New | 0.23% | +0.23 |
| STC Stewart Information Services | New | 0.21% | +0.21 |
| TREE Lendingtree Inc. | Add +3.0% | 0.80% | +0.20 |
| RDNT Radnet Inc. | Add +3.3% | 1.80% | +0.19 |
| TARS Tarsus Pharmaceuticals Inc. | New | 0.19% | +0.19 |
| AVAV Aerovironment Inc. | Add +10.2% | 1.69% | +0.18 |
| BPOP Popular Inc. | Add +30.4% | 0.64% | +0.17 |
| AX Axos Financial Inc. | Add +14.3% | 1.23% | +0.17 |
| FOUR SHIFT4 Payments Inc. Class A | Add +1.4% | 1.37% | +0.16 |
| CCOI Cogent Communications Holdin | Add +2.8% | 0.71% | +0.15 |
| INSM Insmed Inc. | Add +7.7% | 1.95% | +0.15 |
| PLMR Palomar Holdings Inc. | Add +1.9% | 1.65% | +0.14 |
| MC Moelis & Co. Class A | Add +1.4% | 1.17% | +0.13 |
| FA First Advantage Corp. | Add +2.1% | 0.91% | +0.13 |
| ITCI Intra-Cellular Therapies Inc. | Add +12.4% | 1.25% | +0.12 |
| SPT Sprout Social Inc. Class A | Add +116.0% | 0.30% | +0.11 |
| AAOI Applied Optoelectronics Inc. | Add +2.7% | 0.29% | +0.11 |
| SLNO Soleno Therapeutics Inc. | Add +6.8% | 0.61% | +0.11 |
| VKTX Viking Therapeutics Inc. | Add +3.7% | 0.83% | +0.10 |
| SKWD Skyward Specialty Insurance | Add +3.4% | 1.38% | +0.09 |
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 |