Emerald Advisers, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Emerald Advisers, LLC reported 254 stock positions worth $2.6 billion. Its top holding was Credo Technology Group Holdi (CRDO) at 3.6% of the portfolio, followed by Ftai Aviation (FTAI, 3.5%) and Freshpet (FRPT, 2.9%). Compared with Q3 2024, it opened 33 new positions, sold out of 27, added to 93 and reduced 110. The biggest buy was a new position in Allegiant Travel (ALGT) and the biggest sale an exit from Longboard Pharmaceuticals (LBPH).
- Most Recent 13F
- Q2 2026
- Location
- LEOLA, PA
- CIK
- 0001015083
- Portfolio Value
- $2.6B (Q4 2024)
- SEC Filing
- 0001104659-25-011405 ↗ filed Feb 11, 2025
Holdings Value
Holdings 254 stocks · $2.6B
| CRDO Credo Technology Group Holdi | 3.58% | 1,376,927 | $92.5M | Reduce -13.6% |
| FTAI Ftai Aviation Ltd. | 3.47% | 622,273 | $89.6M | Reduce -1.1% |
| FRPT Freshpet Inc. | 2.86% | 498,032 | $73.8M | Reduce -3.1% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 1.89% | 484,314 | $48.7M | Reduce -22.0% |
| GTLS Chart Industries Inc. | 1.84% | 249,438 | $47.6M | Reduce -1.3% |
| INSM Insmed Inc. | 1.83% | 684,636 | $47.3M | Reduce -0.8% |
| PLMR Palomar Holdings Inc. | 1.78% | 435,043 | $45.9M | Reduce -3.3% |
| RDNT Radnet Inc. | 1.78% | 657,189 | $45.9M | Reduce -1.8% |
| KTOS Kratos Defense & Security | 1.66% | 1,619,694 | $42.7M | Reduce -7.0% |
| SKWD Skyward Specialty Insurance | 1.61% | 823,404 | $41.6M | Reduce -5.8% |
| VRNS Varonis Systems Inc. | 1.59% | 925,542 | $41.1M | Reduce -0.9% |
| WVE Wave Life Sciences Ltd. | 1.52% | 3,162,369 | $39.1M | Add +9.8% |
| TVTX Travere Therapeutics Inc. | 1.43% | 2,125,744 | $37.0M | Add +8.4% |
| CRS Carpenter Technology | 1.42% | 215,863 | $36.6M | Reduce -41.7% |
| ITCI Intra-Cellular Therapies Inc. | 1.42% | 438,066 | $36.6M | Reduce -0.7% |
| BPMC Blueprint Medicines Corp. | 1.41% | 416,866 | $36.4M | Add +10.9% |
| LITE Lumentum Holdings Inc. | 1.38% | 425,079 | $35.7M | Add +12.3% |
| LIVN Livanova PLC | 1.35% | 752,540 | $34.9M | Add +8.2% |
| BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN | 1.30% | 867,072 | $33.6M | Reduce -1.9% |
| AX Axos Financial Inc. | 1.30% | 479,120 | $33.5M | Reduce -5.2% |
| ATI Ati Inc. | 1.28% | 602,039 | $33.1M | Reduce -5.6% |
| AVAV Aerovironment Inc. | 1.28% | 214,010 | $32.9M | Reduce -1.7% |
| VITL Vital Farms Inc. | 1.26% | 864,323 | $32.6M | Add +22.4% |
| FOUR SHIFT4 Payments Inc. Class A | 1.26% | 313,845 | $32.6M | Reduce -21.3% |
| BBIO Bridgebio Pharma Inc. | 1.22% | 1,150,868 | $31.6M | Add +4.3% |
| MC Moelis & Co. Class A | 1.22% | 426,994 | $31.5M | Reduce -3.0% |
| IDCC Interdigital Inc. | 1.21% | 161,800 | $31.3M | Reduce -10.6% |
| AGYS Agilysys Inc. | 1.19% | 234,007 | $30.8M | Reduce -2.3% |
| MOD Modine Manufacturing Co. | 1.18% | 261,838 | $30.4M | Reduce -0.9% |
| AIR Aar Corp. | 1.16% | 490,160 | $30.0M | Reduce -0.3% |
| MMSI Merit Medical Systems Inc. | 1.13% | 302,755 | $29.3M | Reduce -3.9% |
| RMBS Rambus Inc. | 1.11% | 543,829 | $28.7M | Reduce -3.1% |
| OLLI Ollie's Bargain Outlet Holdi | 1.08% | 254,822 | $28.0M | Reduce -1.0% |
| FN Fabrinet | 1.05% | 123,001 | $27.0M | Add +32.0% |
| TTMI TTM Technologies | 1.03% | 1,072,133 | $26.5M | Add +42.9% |
| SLNO Soleno Therapeutics Inc. | 1.01% | 580,919 | $26.1M | Add +85.4% |
| FORM Formfactor Inc. | 1.00% | 588,743 | $25.9M | Reduce -2.6% |
| NEO Neogenomics Inc. | 0.99% | 1,557,437 | $25.7M | Reduce -7.4% |
| PDFS PDF Solutions Inc. | 0.97% | 924,345 | $25.0M | Add +3.3% |
| LPX Louisiana-Pacific Corp. | 0.96% | 239,438 | $24.8M | Reduce -24.5% |
| TENB Tenable Holdings Inc. | 0.94% | 615,929 | $24.3M | Reduce -25.6% |
| MTSI Macom Technology Solutions H | 0.91% | 180,293 | $23.4M | Reduce -3.3% |
| COLL Collegium Pharmaceutical Inc. | 0.90% | 811,680 | $23.3M | Reduce -1.9% |
| TMDX Transmedics Group Inc. | 0.90% | 371,711 | $23.2M | Add +146.3% |
| FULT Fulton Financial Corp. | 0.87% | 1,170,920 | $22.6M | Reduce -10.4% |
| AAOI Applied Optoelectronics Inc. | 0.87% | 606,997 | $22.4M | Add +15.3% |
| ALGT Allegiant Travel Co. | 0.86% | 236,460 | $22.3M | New |
| RARE Ultragenyx Pharmaceutical Inc. | 0.84% | 518,328 | $21.8M | Reduce -9.0% |
| FA First Advantage Corp. | 0.84% | 1,153,228 | $21.6M | Reduce -2.5% |
| BJRI Bj's Restaurants Inc. | 0.79% | 583,828 | $20.5M | Add +2.6% |
| RXO Rxo Inc. | 0.79% | 852,493 | $20.3M | Add +0.0% |
| BOOT Boot Barn Holdings Inc. | 0.77% | 131,637 | $20.0M | New |
| SEI Solaris Energy Infrastructur | 0.77% | 692,502 | $19.9M | New |
| NSSC Napco Security Technologies | 0.74% | 535,092 | $19.0M | Add +5.3% |
| SPXC SPX Technologies Inc. | 0.74% | 130,558 | $19.0M | Reduce -1.1% |
| KLIC Kulicke & Soffa Industries | 0.73% | 402,454 | $18.8M | Reduce -11.2% |
| SITM Sitime Corp. | 0.72% | 87,040 | $18.7M | New |
| ARLO Arlo Technologies Inc. | 0.72% | 1,666,482 | $18.6M | Add +116.9% |
| CCOI Cogent Communications Holdin | 0.72% | 241,534 | $18.6M | Add +0.1% |
| PI Impinj Inc. | 0.71% | 126,407 | $18.4M | Reduce -30.7% |
| RHP Ryman Hospitality Properties | 0.71% | 175,883 | $18.4M | Add +32.6% |
| WHD Cactus Inc. Class A | 0.69% | 307,315 | $17.9M | Add +20.6% |
| TBBK The Bancorp Inc. | 0.69% | 336,167 | $17.7M | New |
| CHDN Churchill Downs Inc. | 0.66% | 128,200 | $17.1M | Reduce -1.3% |
| UMBF Umb Financial Corp. | 0.66% | 151,007 | $17.0M | Add +23.4% |
| NOG Northern Oil and Gas Inc. | 0.65% | 454,906 | $16.9M | Reduce -25.6% |
| NVCR Novocure Ltd. | 0.63% | 547,557 | $16.3M | New |
| ARHS Arhaus Inc. | 0.59% | 1,628,454 | $15.3M | Add +18.7% |
| ACAD Acadia Pharmaceuticals Inc. | 0.59% | 825,069 | $15.1M | Reduce -0.7% |
| AKRO Akero Therapeutics Inc. | 0.56% | 520,114 | $14.5M | Reduce -0.8% |
| OFIX Orthofix Medical Inc. | 0.56% | 822,377 | $14.4M | Add +12.3% |
| TREE Lendingtree Inc. | 0.54% | 361,220 | $14.0M | Add +1.4% |
| TDW Tidewater Inc. | 0.54% | 254,124 | $13.9M | Reduce -4.1% |
| SKYT Skywater Technology Inc. | 0.53% | 988,154 | $13.6M | Reduce -11.3% |
| BHVN Biohaven Ltd. | 0.52% | 360,538 | $13.5M | New |
| ATEC Alphatec Holdings Inc. | 0.52% | 1,456,033 | $13.4M | Add +112.4% |
| NVEE NV5 Global Inc. | 0.51% | 702,679 | $13.2M | Reduce -37.4% |
| SYRE Spyre Therapeutics Inc. | 0.49% | 546,791 | $12.7M | Add +86.9% |
| PTLO Portillo's Inc. Class A | 0.45% | 1,242,736 | $11.7M | Reduce -2.3% |
| TRIN Trinity Capital Inc. | 0.45% | 802,489 | $11.6M | Reduce -0.3% |
| CWAN Clearwater Analytics HDS-A | 0.44% | 414,108 | $11.4M | Add +3.0% |
| UEC Uranium Energy Corp. | 0.43% | 1,661,299 | $11.1M | New |
| CVLT Commvault Systems Inc. | 0.41% | 70,450 | $10.6M | Add +1.3% |
| MIR Mirion Technologies Inc. | 0.41% | 607,991 | $10.6M | New |
| EYE National Vision Holdings Inc. | 0.40% | 991,100 | $10.3M | Add +23.1% |
| RSI Rush Street Interactive Inc. | 0.39% | 726,489 | $10.0M | New |
| NVDA Nvidia Corp. | 0.36% | 69,908 | $9.4M | Reduce -2.1% |
| BUSE First Busey Corp. | 0.35% | 386,726 | $9.1M | New |
| FLYW Flywire Corp.-Voting | 0.34% | 430,646 | $8.9M | Add +48.6% |
| BOW Bowhead Specialty Holdings I | 0.33% | 240,466 | $8.5M | Reduce -0.9% |
| MDGL Madrigal Pharmaceuticals Inc. | 0.33% | 27,266 | $8.4M | Add +0.0% |
| OSW Onespaworld Holdings Ltd. | 0.32% | 418,477 | $8.3M | Add +538.9% |
| BE Bloom Energy Corp. Class A | 0.32% | 368,779 | $8.2M | Add +1471.2% |
| JACK Jack in the Box Inc. | 0.31% | 190,867 | $7.9M | Reduce -4.6% |
| FFIN First Finl Bankshares Inc. | 0.30% | 214,453 | $7.7M | Reduce -3.6% |
| SPT Sprout Social Inc. Class A | 0.30% | 251,350 | $7.7M | Reduce -4.4% |
| SIGI Selective Insurance Group | 0.30% | 81,667 | $7.6M | Reduce -35.3% |
| CVRX CVRX Inc. | 0.29% | 593,898 | $7.5M | Add +47.4% |
| MSFT Microsoft Corp. | 0.29% | 17,820 | $7.5M | Reduce -2.1% |
| LIF LIFE360 Inc. | 0.28% | 176,138 | $7.3M | Reduce -20.5% |
Portfolio Sells Q3 2024 → Q4 2024
| LBPH Longboard Pharmaceuticals Inc. | Sold out | 0.00% | −0.88 |
| CRS Carpenter Technology | Reduce -41.7% | 1.42% | −0.86 |
| VKTX Viking Therapeutics Inc. | Reduce -99.4% | 0.00% | −0.83 |
| PI Impinj Inc. | Reduce -30.7% | 0.71% | −0.82 |
| TNET Trinet Group Inc. | Reduce -83.9% | 0.14% | −0.80 |
| CDMO Avid Bioservices Inc. | Sold out | 0.00% | −0.64 |
| BPOP Popular Inc. | Reduce -98.0% | 0.01% | −0.63 |
| SYNA Synaptics Inc. | Reduce -100.0% | 0.00% | −0.62 |
| CLDX Celldex Therapeutics Inc. | Sold out | 0.00% | −0.60 |
| ONTO Onto Innovation Inc. | Sold out | 0.00% | −0.57 |
| TRNO Terreno Realty Corp. | Reduce -99.5% | 0.00% | −0.53 |
| ONT Onterris Inc. | Reduce -97.7% | 0.01% | −0.53 |
| EVER Everquote Inc. Class A | Sold out | 0.00% | −0.52 |
| NVEE NV5 Global Inc. | Reduce -37.4% | 0.51% | −0.50 |
| VRNS Varonis Systems Inc. | Reduce -0.9% | 1.59% | −0.45 |
| AVAV Aerovironment Inc. | Reduce -1.7% | 1.28% | −0.41 |
| BWIN Baldwin Insurance Group Inc./ | Reduce -1.9% | 1.30% | −0.40 |
| RARE Ultragenyx Pharmaceutical Inc. | Reduce -9.0% | 0.84% | −0.38 |
| XPRO Expro Group Holdings NV | Reduce -48.1% | 0.23% | −0.37 |
| YOU Clear Secure Inc. Class A | Sold out | 0.00% | −0.37 |
| ATI Ati Inc. | Reduce -5.6% | 1.28% | −0.37 |
| TENB Tenable Holdings Inc. | Reduce -25.6% | 0.94% | −0.36 |
| LPX Louisiana-Pacific Corp. | Reduce -24.5% | 0.96% | −0.36 |
| ZUO Zuora Inc. Class A | Reduce -96.2% | 0.02% | −0.35 |
| COLL Collegium Pharmaceutical Inc. | Reduce -1.9% | 0.90% | −0.34 |
| ATRC Atricure Inc. | Reduce -77.1% | 0.11% | −0.32 |
| SNCY Sun Country Airlines Holding | Sold out | 0.00% | −0.31 |
| LNWO Light & Wonder Inc. | Reduce -91.7% | 0.03% | −0.30 |
| QTRX Quanterix Corp. | Reduce -61.3% | 0.11% | −0.25 |
| IBP Installed Building Products | Reduce -25.3% | 0.28% | −0.24 |
| BIOA Bioage Labs Inc. | Sold out | 0.00% | −0.23 |
| PTLO Portillo's Inc. Class A | Reduce -2.3% | 0.45% | −0.21 |
| TDW Tidewater Inc. | Reduce -4.1% | 0.54% | −0.20 |
| TARS Tarsus Pharmaceuticals Inc. | Sold out | 0.00% | −0.19 |
| NOG Northern Oil and Gas Inc. | Reduce -25.6% | 0.65% | −0.18 |
| MOD Modine Manufacturing Co. | Reduce -0.9% | 1.18% | −0.18 |
| SIGI Selective Insurance Group | Reduce -35.3% | 0.30% | −0.16 |
| IBTA Ibotta Inc. Class A | Reduce -99.8% | 0.00% | −0.16 |
| INSM Insmed Inc. | Reduce -0.8% | 1.83% | −0.12 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -21.3% | 1.26% | −0.10 |
| AIR Aar Corp. | Reduce -0.3% | 1.16% | −0.08 |
| SPXC SPX Technologies Inc. | Reduce -1.1% | 0.74% | −0.08 |
| IRWD Ironwood Pharmaceuticals Inc. | Sold out | 0.00% | −0.07 |
| FORM Formfactor Inc. | Reduce -2.6% | 1.00% | −0.07 |
| FA First Advantage Corp. | Reduce -2.5% | 0.84% | −0.07 |
| MMSI Merit Medical Systems Inc. | Reduce -3.9% | 1.13% | −0.07 |
| KLIC Kulicke & Soffa Industries | Reduce -11.2% | 0.73% | −0.06 |
| LIF LIFE360 Inc. | Reduce -20.5% | 0.28% | −0.06 |
| JACK Jack in the Box Inc. | Reduce -4.6% | 0.31% | −0.05 |
| AES AES Corp. | Sold out | 0.00% | −0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| ALGT Allegiant Travel Co. | New | 0.86% | +0.86 |
| BOOT Boot Barn Holdings Inc. | New | 0.77% | +0.77 |
| SEI Solaris Energy Infrastructur | New | 0.77% | +0.77 |
| SITM Sitime Corp. | New | 0.72% | +0.72 |
| TBBK The Bancorp Inc. | New | 0.69% | +0.69 |
| NVCR Novocure Ltd. | New | 0.63% | +0.63 |
| WVE Wave Life Sciences Ltd. | Add +9.8% | 1.52% | +0.60 |
| AAOI Applied Optoelectronics Inc. | Add +15.3% | 0.87% | +0.58 |
| BHVN Biohaven Ltd. | New | 0.52% | +0.52 |
| TTMI TTM Technologies | Add +42.9% | 1.03% | +0.50 |
| LITE Lumentum Holdings Inc. | Add +12.3% | 1.38% | +0.45 |
| UEC Uranium Energy Corp. | New | 0.43% | +0.43 |
| MIR Mirion Technologies Inc. | New | 0.41% | +0.41 |
| SLNO Soleno Therapeutics Inc. | Add +85.4% | 1.01% | +0.40 |
| RSI Rush Street Interactive Inc. | New | 0.39% | +0.39 |
| TVTX Travere Therapeutics Inc. | Add +8.4% | 1.43% | +0.37 |
| ATEC Alphatec Holdings Inc. | Add +112.4% | 0.52% | +0.37 |
| ARLO Arlo Technologies Inc. | Add +116.9% | 0.72% | +0.36 |
| BUSE First Busey Corp. | New | 0.35% | +0.35 |
| BE Bloom Energy Corp. Class A | Add +1471.2% | 0.32% | +0.31 |
| VITL Vital Farms Inc. | Add +22.4% | 1.26% | +0.30 |
| OSW Onespaworld Holdings Ltd. | Add +538.9% | 0.32% | +0.28 |
| SVRA Savara Inc. | New | 0.28% | +0.28 |
| WGS Genedx Holdings Corp. | New | 0.27% | +0.27 |
| SOC Sable Offshore Corp. | New | 0.26% | +0.26 |
| FN Fabrinet | Add +32.0% | 1.05% | +0.20 |
| UMBF Umb Financial Corp. | Add +23.4% | 0.66% | +0.16 |
| RHP Ryman Hospitality Properties | Add +32.6% | 0.71% | +0.16 |
| SYRE Spyre Therapeutics Inc. | Add +86.9% | 0.49% | +0.16 |
| FLYW Flywire Corp.-Voting | Add +48.6% | 0.34% | +0.16 |
| CVRX CVRX Inc. | Add +47.4% | 0.29% | +0.15 |
| BBIO Bridgebio Pharma Inc. | Add +4.3% | 1.22% | +0.14 |
| CBLL Ceribell Inc. | New | 0.12% | +0.12 |
| OFIX Orthofix Medical Inc. | Add +12.3% | 0.56% | +0.11 |
| WHD Cactus Inc. Class A | Add +20.6% | 0.69% | +0.11 |
| MDGL Madrigal Pharmaceuticals Inc. | Add +0.0% | 0.33% | +0.10 |
| BJRI Bj's Restaurants Inc. | Add +2.6% | 0.79% | +0.08 |
| BPMC Blueprint Medicines Corp. | Add +10.9% | 1.41% | +0.06 |
| EYE National Vision Holdings Inc. | Add +23.1% | 0.40% | +0.06 |
| CWAN Clearwater Analytics HDS-A | Add +3.0% | 0.44% | +0.05 |
| APP AppLovin Corp. Class A | Add +55.6% | 0.07% | +0.05 |
| FTI Technipfmc PLC | Add +306.8% | 0.06% | +0.04 |
| ALAB Astera Labs Inc. | Add +71.3% | 0.06% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +9.2% | 0.17% | +0.03 |
| DDOG Datadog Inc. Class A | Add +138.1% | 0.05% | +0.03 |
| AMSC American Superconductor Corp. | New | 0.03% | +0.03 |
| INDI Indie Semiconductor Inc. Class A | Add +139.5% | 0.04% | +0.03 |
| SRPT Sarepta Therapeutics Inc. | Add +58.8% | 0.06% | +0.02 |
| SMCI Super Micro Computer Inc. | New | 0.02% | +0.02 |
| CFLT Confluent Inc. Class A | New | 0.02% | +0.02 |
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 |