Emerald Advisers, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Emerald Advisers, LLC reported 256 stock positions worth $3.1 billion. Its top holding was Kratos Defense & Security (KTOS) at 2.8% of the portfolio, followed by Credo Technology Group Holdi (CRDO, 2.8%) and Aerovironment (AVAV, 2.5%). Compared with Q2 2025, it opened 22 new positions, sold out of 14, added to 49 and reduced 149. The biggest buy was Bloom Energy Class A (BE, shares +82%) and the biggest sale Baldwin Insurance Group Inc./ (BWIN, shares −76%).

Most Recent 13F
Q2 2026
Location
LEOLA, PA
CIK
0001015083
Portfolio Value
$3.1B (Q3 2025)
SEC Filing
0001104659-25-104111 ↗ filed Oct 30, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $2.5B Q1 2024 Q2 2024: $2.4B Q2 2024 Q3 2024: $2.6B Q3 2024 Q4 2024: $2.6B Q4 2024 Q1 2025: $2.2B Q1 2025 Q2 2025: $2.7B Q2 2025 Q3 2025: $3.1B $3.1B Q3 2025 Q4 2025: $3.2B Q4 2025 Q1 2026: $3.2B Q1 2026 Q2 2026: $4.2B Q2 2026

Holdings 256 stocks · $3.1B

KTOS Kratos Defense & Security 2.84% 968,851 $88.5M Reduce -35.9%
CRDO Credo Technology Group Holdi 2.79% 597,134 $86.9M Reduce -34.5%
AVAV Aerovironment Inc. 2.50% 247,507 $77.9M Reduce -2.0%
RMBS Rambus Inc. 2.13% 637,754 $66.5M Reduce -10.2%
LITE Lumentum Holdings Inc. 1.90% 363,616 $59.2M Reduce -18.5%
TTMI TTM Technologies 1.86% 1,007,555 $58.0M Reduce -28.2%
BE Bloom Energy Corp. Class A 1.86% 684,946 $57.9M Add +82.3%
MOD Modine Manufacturing Co. 1.79% 391,719 $55.7M Add +21.4%
GH Guardant Health Inc. 1.75% 873,203 $54.6M Add +24.8%
VRNS Varonis Systems Inc. 1.68% 910,641 $52.3M Reduce -3.4%
TVTX Travere Therapeutics Inc. 1.64% 2,146,767 $51.3M Add +2.6%
RDNT Radnet Inc. 1.57% 642,167 $48.9M Reduce -4.5%
SITM Sitime Corp. 1.57% 162,243 $48.9M Add +8.4%
EYE National Vision Holdings Inc. 1.48% 1,578,960 $46.1M Reduce -2.6%
TBBK The Bancorp Inc. 1.45% 602,580 $45.1M Reduce -3.8%
AX Axos Financial Inc. 1.44% 528,912 $44.8M Reduce -4.5%
TMDX Transmedics Group Inc. 1.39% 387,588 $43.5M Reduce -11.8%
SLNO Soleno Therapeutics Inc. 1.36% 627,756 $42.4M Reduce -6.7%
MRCY Mercury Systems Inc. 1.32% 533,092 $41.3M Add +16.7%
VITL Vital Farms Inc. 1.31% 990,625 $40.8M Reduce -2.4%
FN Fabrinet 1.29% 110,673 $40.4M Reduce -18.8%
OLLI Ollie's Bargain Outlet Holdi 1.24% 301,024 $38.7M Reduce -2.2%
BBIO Bridgebio Pharma Inc. 1.20% 720,343 $37.4M Reduce -29.5%
VSEC Vse Corp. 1.19% 223,291 $37.1M Reduce -1.5%
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 1.17% 502,949 $36.4M Reduce -1.8%
PLMR Palomar Holdings Inc. 1.13% 301,002 $35.1M Reduce -6.3%
IDCC Interdigital Inc. 1.13% 101,776 $35.1M Reduce -41.7%
AGYS Agilysys Inc. 1.11% 329,981 $34.7M Reduce -2.1%
AIR Aar Corp. 1.05% 364,875 $32.7M Add +8.3%
SKWD Skyward Specialty Insurance 1.04% 684,742 $32.6M Reduce -4.6%
MC Moelis & Co. Class A 1.03% 451,497 $32.2M Reduce -1.4%
AMSC American Superconductor Corp. 0.99% 521,183 $31.0M Add +4.2%
SMTC Semtech Corp. 0.96% 419,094 $29.9M New
ESE Esco Technologies Inc. 0.96% 141,419 $29.9M Add +58.8%
CVLT Commvault Systems Inc. 0.95% 156,894 $29.6M Add +47.4%
ARLO Arlo Technologies Inc. 0.94% 1,734,271 $29.4M Reduce -0.9%
LIVN Livanova PLC 0.93% 551,162 $28.9M Add +2.3%
SPXC SPX Technologies Inc. 0.92% 153,507 $28.7M Add +13.6%
IONQ Ionq Inc. 0.90% 457,780 $28.2M Add +51.9%
PI Impinj Inc. 0.90% 155,233 $28.1M Reduce -1.7%
STRL Sterling Infrastructure Inc. 0.90% 82,582 $28.1M Add +50.3%
RSI Rush Street Interactive Inc. 0.88% 1,341,739 $27.5M Add +12.6%
MIRM Mirum Pharmaceuticals Inc. 0.87% 369,600 $27.1M Add +20.9%
BOOT Boot Barn Holdings Inc. 0.85% 160,165 $26.5M Reduce -1.5%
MIR Mirion Technologies Inc. 0.85% 1,137,165 $26.5M Add +17.8%
ALGT Allegiant Travel Co. 0.83% 427,718 $26.0M Add +23.7%
ATI Ati Inc. 0.82% 313,088 $25.5M Reduce -1.8%
SKYT Skywater Technology Inc. 0.80% 1,332,108 $24.9M Reduce -2.3%
UMBF Umb Financial Corp. 0.80% 209,563 $24.8M Reduce -1.6%
SEI Solaris Energy Infrastructur 0.79% 616,719 $24.7M Reduce -3.4%
PDFS PDF Solutions Inc. 0.78% 942,655 $24.3M Reduce -1.2%
ATEC Alphatec Holdings Inc. 0.76% 1,638,882 $23.8M Reduce -2.7%
TREE Lendingtree Inc. 0.76% 366,894 $23.7M Reduce -4.0%
AGX Argan Inc. 0.75% 86,532 $23.4M New
MMSI Merit Medical Systems Inc. 0.75% 280,622 $23.4M Reduce -3.8%
CRS Carpenter Technology 0.75% 94,819 $23.3M Reduce -4.0%
MDGL Madrigal Pharmaceuticals Inc. 0.75% 50,737 $23.3M Reduce -4.5%
COGT Cogent Biosciences Inc. 0.73% 1,579,496 $22.7M Add +9.3%
COLL Collegium Pharmaceutical Inc. 0.72% 639,694 $22.4M Reduce -23.6%
WVE Wave Life Sciences Ltd. 0.70% 2,996,900 $21.9M Reduce -8.0%
FOUR SHIFT4 Payments Inc. Class A 0.69% 277,675 $21.5M Reduce -1.9%
FA First Advantage Corp. 0.69% 1,388,500 $21.4M Reduce -3.0%
FRPT Freshpet Inc. 0.66% 374,683 $20.6M Reduce -28.1%
NSSC Napco Security Technologies 0.64% 466,165 $20.0M Reduce -10.3%
EVLV Evolv Technologies Holdings 0.63% 2,619,822 $19.8M New
OSW Onespaworld Holdings Ltd. 0.62% 915,428 $19.4M Reduce -1.1%
CORT Corcept Therapeutics Inc. 0.62% 232,452 $19.3M Reduce -4.0%
LTH Life Time Group Holdings Inc. 0.61% 688,568 $19.0M Reduce -2.0%
CWAN Clearwater Analytics HDS-A 0.59% 1,025,414 $18.5M Reduce -4.4%
NKTR Nektar Therapeutics 0.59% 323,246 $18.4M New
LIF LIFE360 Inc. 0.58% 170,529 $18.1M Reduce -39.4%
ARHS Arhaus Inc. 0.57% 1,678,309 $17.8M Reduce -3.0%
MTSI Macom Technology Solutions H 0.57% 143,085 $17.8M Reduce -21.7%
HIMS Hims & Hers Health Inc. 0.56% 305,921 $17.4M New
PWP Perella Weinberg Partners 0.55% 803,654 $17.1M Add +41.4%
BJRI Bj's Restaurants Inc. 0.54% 555,576 $17.0M Reduce -6.4%
ONTO Onto Innovation Inc. 0.53% 127,561 $16.5M Reduce -2.0%
KALV Kalvista Pharmaceuticals Inc. 0.53% 1,351,254 $16.5M Add +30.2%
TENB Tenable Holdings Inc. 0.52% 556,931 $16.2M Reduce -10.0%
AAOI Applied Optoelectronics Inc. 0.51% 609,645 $15.8M Reduce -1.7%
EVER Everquote Inc. Class A 0.51% 689,253 $15.8M Add +11.2%
CUBI Customers Bancorp Inc. 0.49% 231,753 $15.1M New
KLIC Kulicke & Soffa Industries 0.47% 362,610 $14.7M Reduce -12.1%
RHP Ryman Hospitality Properties 0.47% 163,528 $14.7M Reduce -8.9%
LASR Nlight Inc. 0.46% 486,481 $14.4M Add +9858.7%
VC Visteon Corp. 0.45% 117,785 $14.1M New
QBTS D-Wave Quantum Inc. 0.43% 547,249 $13.5M Reduce -1.9%
AXSM Axsome Therapeutics Inc. 0.42% 108,942 $13.2M Reduce -3.1%
FIVE Five Below 0.42% 85,158 $13.2M Reduce -3.8%
CADE Cadence Bank 0.41% 342,322 $12.9M Add +118.9%
FWRG First Watch Restaurant Group 0.41% 821,090 $12.8M Add +113.4%
COMP Compass Inc. Class A 0.41% 1,587,893 $12.8M New
SVRA Savara Inc. 0.40% 3,529,324 $12.6M Reduce -0.1%
RARE Ultragenyx Pharmaceutical Inc. 0.40% 418,566 $12.6M Reduce -9.3%
TRIN Trinity Capital Inc. 0.40% 806,171 $12.5M Reduce -2.8%
ACAD Acadia Pharmaceuticals Inc. 0.39% 569,671 $12.2M Reduce -3.8%
IPGP Ipg Photonics Corp. 0.39% 151,967 $12.0M New
IMAX Imax Corp. 0.35% 329,172 $10.8M New
ITGR Integer Holdings Corp. 0.34% 102,246 $10.6M Reduce -1.5%
SOC Sable Offshore Corp. 0.33% 587,376 $10.3M Reduce -4.0%
NVDA Nvidia Corp. 0.32% 53,270 $9.9M No change
BRCB Black Rock Coffee Bar Inc. Class A 0.32% 415,046 $9.9M New
AKRO Akero Therapeutics Inc. 0.31% 206,771 $9.8M Reduce -29.1%
SYRE Spyre Therapeutics Inc. 0.29% 548,712 $9.2M Reduce -3.0%
ETNB 89BIO Inc. 0.25% 535,147 $7.9M Reduce -71.0%
EE Excelerate Energy Inc. Class A 0.25% 308,869 $7.8M Reduce -22.9%
SWIM Latham Group Inc. 0.24% 971,348 $7.4M Reduce -1.1%
HTFL Heartflow Inc. 0.24% 217,938 $7.3M New
ASIC Ategrity Specialty Holdings 0.23% 369,316 $7.3M Reduce -7.7%
MSFT Microsoft Corp. 0.21% 12,737 $6.6M No change
ABCB Ameris Bancorp 0.21% 89,189 $6.5M Reduce -21.3%
CCB Coastal Financial Corp. 0.20% 59,086 $6.4M Add +696.2%
CECO Ceco Environmental Corp. 0.20% 119,407 $6.1M New
BOW Bowhead Specialty Holdings I 0.19% 221,958 $6.0M Reduce -9.3%
CCOI Cogent Communications Holdin 0.18% 144,912 $5.6M Reduce -40.4%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 0.18% 195,520 $5.5M Reduce -75.8%
UTZ Utz Brands Inc. 0.17% 427,909 $5.2M Reduce -1.8%
AAPL Apple Inc. 0.16% 20,133 $5.1M Add +15.9%
BHVN Biohaven Ltd. 0.15% 311,881 $4.7M Reduce -2.8%
OMDA Omada Health Inc. 0.13% 182,407 $4.0M Reduce -34.4%
AMZN Amazon.com Inc. 0.13% 18,259 $4.0M No change
GOOGL Alphabet Inc. Class A 0.13% 16,439 $4.0M No change
AVGO Broadcom Inc. 0.12% 11,121 $3.7M No change
META Meta Platforms Inc. Class A 0.11% 4,571 $3.4M No change
RXO Rxo Inc. 0.11% 216,695 $3.3M Reduce -70.4%
HAPN Happen Inc. filed as LENDINGCLUB CORP 0.10% 211,874 $3.2M New
LNG Cheniere Energy Inc. 0.07% 8,821 $2.1M Reduce -7.7%
TTWO Take-Two Interactive Softwre 0.06% 7,318 $1.9M Add +18.1%
MTZ Mastec Inc. 0.06% 8,831 $1.9M Add +0.8%
INSM Insmed Inc. 0.06% 12,393 $1.8M Reduce -6.6%
FTAI Ftai Aviation Ltd. 0.05% 9,404 $1.6M Reduce -5.4%
HOOD Robinhood Markets Inc. Class A 0.05% 10,204 $1.5M Reduce -7.8%
NCLH Norwegian Cruise Line Holdin 0.05% 58,930 $1.5M Reduce -6.1%
TTI Tetra Technologies Inc. 0.05% 249,409 $1.4M Add +16.7%
CBLL Ceribell Inc. 0.05% 122,944 $1.4M Reduce -2.3%
DASH DoorDash Inc. Class A 0.04% 5,013 $1.4M Reduce -7.6%
MPWR Monolithic Power Systems Inc. 0.04% 1,331 $1.2M Reduce -12.8%
NFLX Netflix Inc. 0.04% 1,016 $1.2M Add +1.0%
DDOG Datadog Inc. Class A 0.04% 8,440 $1.2M Reduce -9.4%
SMCI Super Micro Computer Inc. 0.04% 23,948 $1.1M Reduce -49.4%
VRT Vertiv Holdings Co. Class A 0.04% 7,539 $1.1M Reduce -12.7%
MDB Mongodb Inc. 0.04% 3,642 $1.1M Reduce -6.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 7,800 $1.1M No change
NET Cloudflare Inc. Class A 0.03% 4,383 $941K Reduce -12.8%
BWXT BWX Technologies Inc. 0.03% 5,079 $936K Add +10.6%
P Everpure Inc. Class A filed as PURE STORAGE INC 0.03% 10,842 $909K Reduce -12.8%
AZO AutoZone Inc. 0.03% 206 $884K Reduce -8.0%
BIIB Biogen Inc. 0.03% 6,247 $875K Add +96.4%
AXON Axon Enterprise Inc. 0.03% 1,217 $873K Reduce -12.9%
VST Vistra Corp. 0.03% 4,317 $846K Reduce -2.1%
HEI Heico Corp. 0.03% 2,616 $844K Reduce -12.8%
APP AppLovin Corp. Class A 0.03% 1,169 $840K New
ZS Zscaler Inc. 0.03% 2,719 $815K Reduce -12.7%
RBLX Roblox Corp. Class A 0.03% 5,832 $808K Reduce -12.7%
NP Neptune Insurance Holdi Class A 0.03% 40,239 $805K New
LLY Eli Lilly & Co. 0.03% 1,047 $799K No change
KRRO Korro Bio Inc. 0.03% 16,469 $789K New
ALNY Alnylam Pharmaceuticals Inc. 0.02% 1,695 $773K Reduce -12.7%
GENI Genius Sports Ltd. 0.02% 60,674 $751K Add +17.5%
V Visa Inc. Class A 0.02% 2,178 $744K No change
FICO Fair Isaac Corp. 0.02% 494 $739K Add +4.7%
TEVA Teva Pharmaceutical-SP ADR 0.02% 35,826 $724K Reduce -12.7%
TRGP Targa Resources Corp. 0.02% 4,314 $723K Reduce -12.7%
AII American Integrity Insurance 0.02% 31,621 $705K Reduce -10.9%
VEEV Veeva Systems Inc. Class A 0.02% 2,333 $695K Reduce -12.9%
COST Costco Wholesale Corp. 0.02% 750 $694K No change
TSLA Tesla Inc. 0.02% 1,550 $689K No change
TDY Teledyne Technologies Inc. 0.02% 1,171 $686K Reduce -12.7%
PANW Palo Alto Networks Inc. 0.02% 3,310 $674K No change
MP MP Materials Corp. 0.02% 9,883 $663K New
LHX L3HARRIS Technologies Inc. 0.02% 2,133 $651K Reduce -12.7%
ROKU Roku Inc. 0.02% 6,497 $651K Add +22.3%
ALAB Astera Labs Inc. 0.02% 3,304 $647K Reduce -12.7%
RCL Royal Caribbean Cruises Ltd. 0.02% 1,940 $628K Add +5.5%
SLDE Slide Insurance Holdings Inc. 0.02% 38,356 $605K Add +17.4%
COIN Coinbase Global Inc. Class A 0.02% 1,780 $601K Reduce -23.5%
LPLA LPL Financial Holdings Inc. 0.02% 1,746 $581K Reduce -12.7%
NOW ServiceNow Inc. 0.02% 629 $579K No change
ORCL Oracle Corp. 0.02% 2,038 $573K No change
COR Cencora Inc. 0.02% 1,827 $571K Reduce -12.7%
HUBS HubSpot Inc. 0.02% 1,204 $563K Add +33.2%
CAVA Cava Group Inc. 0.02% 9,081 $549K Add +85.4%
UEC Uranium Energy Corp. 0.02% 41,089 $548K No change
FIGR Figure Technology Solut Class A 0.02% 15,000 $546K New
PLNT Planet Fitness Inc. Class A 0.02% 4,863 $505K Reduce -12.7%
BURL Burlington Stores Inc. 0.02% 1,899 $483K Reduce -12.4%
H Hyatt Hotels Corp. Class A 0.02% 3,332 $473K Add +23.5%
BKR Baker Hughes Co. 0.01% 9,618 $469K New
UTHR United Therapeutics Corp. 0.01% 1,116 $468K Add +28.7%
PINS Pinterest Inc. Class A 0.01% 14,324 $461K Add +50.6%
ZVIA Zevia PBC-A 0.01% 166,403 $453K Add +28.1%
WAL Western Alliance Bancorp 0.01% 5,141 $446K Reduce -12.7%
FTI Technipfmc PLC 0.01% 11,109 $438K Reduce -59.3%
FLUT Flutter Entertainment PLC-Di 0.01% 1,694 $430K New
CSGP Costar Group Inc. 0.01% 5,023 $424K Reduce -12.8%
INDI Indie Semiconductor Inc. Class A 0.01% 103,753 $422K No change
APO Apollo Global Management Inc. 0.01% 3,155 $420K Reduce -12.8%
KNSL Kinsale Capital Group Inc. 0.01% 917 $390K Reduce -44.4%
TSCO Tractor Supply Company 0.01% 6,850 $390K Reduce -12.7%
SPGI S&P Global Inc. 0.01% 797 $388K Reduce -12.5%
DECK Deckers Outdoor Corp. 0.01% 3,805 $386K Reduce -12.7%
GLNG Golar LNG Ltd. 0.01% 9,083 $367K Add +62.6%
STE Steris PLC 0.01% 1,466 $363K Reduce -12.7%
GBFH Gbank Financial Holdings Inc. 0.01% 9,042 $355K No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.01% 21,684 $347K Reduce -12.7%
BROS Dutch Bros Inc. Class A 0.01% 5,984 $313K Reduce -12.7%
PAL Proficient Auto Logistics Inc. 0.01% 45,025 $310K No change
GNRC Generac Holdings Inc. 0.01% 1,850 $310K Reduce -12.7%
EQT Eqt Corp. 0.01% 5,566 $303K Reduce -12.7%
XPO Xpo Inc. 0.01% 2,272 $294K Reduce -12.7%
PLTR Palantir Technologies Inc. Class A 0.01% 1,601 $292K No change
DAL Delta Air Lines Inc. 0.01% 5,075 $288K Add +126.8%
DUOL Duolingo 0.01% 875 $282K Reduce -8.7%
VRSK Verisk Analytics Inc. 0.01% 1,075 $270K Reduce -12.7%
BWMN Bowman Consulting Group Ltd. 0.01% 6,333 $268K No change
LPX Louisiana-Pacific Corp. 0.01% 2,981 $265K Reduce -98.2%
FANG Diamondback Energy Inc. 0.01% 1,796 $257K Reduce -12.7%
MTDR Matador Resources Co. 0.01% 5,446 $245K Reduce -12.7%
OCUL Ocular Therapeutix Inc. 0.01% 20,768 $243K No change
EXAS Exact Sciences Corp. 0.01% 4,414 $241K Reduce -12.8%
CHDN Churchill Downs Inc. 0.01% 2,470 $240K Reduce -56.1%
MSCI MSCI Inc. 0.01% 422 $239K Reduce -51.5%
ONB Old National Bancorp 0.01% 10,309 $226K Reduce -12.7%
EXPE Expedia Group Inc. 0.01% 1,003 $214K Reduce -12.8%
MPB Mid Penn Bancorp Inc. 0.01% 7,419 $212K Add +206.7%
CFLT Confluent Inc. Class A 0.01% 10,493 $208K Reduce -34.9%
NTNX Nutanix Inc. Class A 0.01% 2,645 $197K New
PWR Quanta Services Inc. 0.01% 445 $184K Reduce -12.9%
TWLO Twilio Inc. Class A 0.01% 1,820 $182K Reduce -12.2%
FCNCA First Citizens Bcshs Class A 0.01% 99 $177K Reduce -13.2%
TXRH Texas Roadhouse Inc. 0.01% 1,050 $174K Reduce -12.7%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.01% 3,422 $168K Reduce -12.7%
FNB FNB Corp. 0.00% 7,699 $124K No change
ANIP Ani Pharmaceuticals Inc. 0.00% 1,256 $115K No change
NWFL Norwood Financial Corp. 0.00% 4,500 $114K No change
FULT Fulton Financial Corp. 0.00% 4,187 $78K Add +0.1%
AMGN Amgen Inc. 0.00% 264 $75K Add +0.8%
HLI Houlihan Lokey Inc. 0.00% 345 $71K No change
FCF First Commonwealth Finl Corp. 0.00% 4,044 $69K No change
CCNE CNB Financial Corp. 0.00% 2,779 $67K Reduce -92.8%
BUSE First Busey Corp. 0.00% 2,509 $58K No change
BPOP Popular Inc. 0.00% 425 $54K No change
KRG Kite Realty Group Trust 0.00% 2,073 $46K No change
CZNC Citizens & Northern Corp. 0.00% 2,300 $46K No change
FFIN First Finl Bankshares Inc. 0.00% 1,157 $39K Reduce -99.2%
PNFP Pinnacle Financial Partners 0.00% 407 $38K No change
EFSC Enterprise Financial Service 0.00% 530 $31K No change
WHD Cactus Inc. Class A 0.00% 700 $28K No change
WSBC Wesbanco Inc. 0.00% 865 $28K Reduce -99.8%
SNOW Snowflake Inc. 0.00% 105 $24K No change
AMT American Tower Corp. 0.00% 118 $23K No change
NVCR Novocure Ltd. 0.00% 1,311 $17K Reduce -99.7%
PTLO Portillo's Inc. Class A 0.00% 2,576 $17K Reduce -99.8%
FWRD Forward Air Corp. 0.00% 585 $15K No change
INR Infinity Natural Resour Class A 0.00% 909 $12K Reduce -99.8%
OFIX Orthofix Medical Inc. 0.00% 101 $1K Reduce -1.0%
Other holdings (1): bonds, preferreds, convertibles and warrants · $23K (not counted above)
SecurityClassShares / PrincipalValueChange
IWO iShares Russell 2000 Growth RUS 2000 GRW ETF · principal 71$23KNew

Total filed on the 13F, all lines: $3.1B.

Portfolio Sells Q2 2025 → Q3 2025

BWIN Baldwin Insurance Group Inc./ Reduce -75.8% 0.18% −1.09
TMDX Transmedics Group Inc. Reduce -11.8% 1.39% −0.76
SLNO Soleno Therapeutics Inc. Reduce -6.7% 1.36% −0.71
PLMR Palomar Holdings Inc. Reduce -6.3% 1.13% −0.69
GTLS Chart Industries Inc. Sold out 0.00% −0.66
FRPT Freshpet Inc. Reduce -28.1% 0.66% −0.64
FORM Formfactor Inc. Sold out 0.00% −0.60
QTWO Q2 Holdings Inc. Reduce -1.8% 1.17% −0.59
PTLO Portillo's Inc. Class A Reduce -99.8% 0.00% −0.55
LPX Louisiana-Pacific Corp. Reduce -98.2% 0.01% −0.51
SKWD Skyward Specialty Insurance Reduce -4.6% 1.04% −0.48
WSBC Wesbanco Inc. Reduce -99.8% 0.00% −0.44
BJRI Bj's Restaurants Inc. Reduce -6.4% 0.54% −0.43
BBIO Bridgebio Pharma Inc. Reduce -29.5% 1.20% −0.42
ETNB 89BIO Inc. Reduce -71.0% 0.25% −0.41
MTSI Macom Technology Solutions H Reduce -21.7% 0.57% −0.39
FOUR SHIFT4 Payments Inc. Class A Reduce -1.9% 0.69% −0.34
MARA Mara Holdings Inc. Sold out 0.00% −0.33
RXO Rxo Inc. Reduce -70.4% 0.11% −0.31
IDCC Interdigital Inc. Reduce -41.7% 1.13% −0.31
CRDO Credo Technology Group Holdi Reduce -34.5% 2.79% −0.31
AGYS Agilysys Inc. Reduce -2.1% 1.11% −0.30
NVCR Novocure Ltd. Reduce -99.7% 0.00% −0.30
CWAN Clearwater Analytics HDS-A Reduce -4.4% 0.59% −0.27
AKRO Akero Therapeutics Inc. Reduce -29.1% 0.31% −0.26
CRS Carpenter Technology Reduce -4.0% 0.75% −0.25
CCOI Cogent Communications Holdin Reduce -40.4% 0.18% −0.25
MMSI Merit Medical Systems Inc. Reduce -3.8% 0.75% −0.25
OLLI Ollie's Bargain Outlet Holdi Reduce -2.2% 1.24% −0.25
TENB Tenable Holdings Inc. Reduce -10.0% 0.52% −0.25
INR Infinity Natural Resour Class A Reduce -99.8% 0.00% −0.25
TTMI TTM Technologies Reduce -28.2% 1.86% −0.24
RARE Ultragenyx Pharmaceutical Inc. Reduce -9.3% 0.40% −0.21
FFIN First Finl Bankshares Inc. Reduce -99.2% 0.00% −0.20
ATI Ati Inc. Reduce -1.8% 0.82% −0.19
SPT Sprout Social Inc. Class A Sold out 0.00% −0.19
COLL Collegium Pharmaceutical Inc. Reduce -23.6% 0.72% −0.19
FA First Advantage Corp. Reduce -3.0% 0.69% −0.19
EE Excelerate Energy Inc. Class A Reduce -22.9% 0.25% −0.18
RHP Ryman Hospitality Properties Reduce -8.9% 0.47% −0.18
FN Fabrinet Reduce -18.8% 1.29% −0.18
LTH Life Time Group Holdings Inc. Reduce -2.0% 0.61% −0.17
SOC Sable Offshore Corp. Reduce -4.0% 0.33% −0.16
ARLO Arlo Technologies Inc. Reduce -0.9% 0.94% −0.15
BOW Bowhead Specialty Holdings I Reduce -9.3% 0.19% −0.14
FLOC Flowco Holdings Inc. Class A Sold out 0.00% −0.14
AVAV Aerovironment Inc. Reduce -2.0% 2.50% −0.14
ITGR Integer Holdings Corp. Reduce -1.5% 0.34% −0.13
VITL Vital Farms Inc. Reduce -2.4% 1.31% −0.13
AX Axos Financial Inc. Reduce -4.5% 1.44% −0.11

Portfolio Buys Q2 2025 → Q3 2025

BE Bloom Energy Corp. Class A Add +82.3% 1.86% +1.53
SMTC Semtech Corp. New 0.96% +0.96
AGX Argan Inc. New 0.75% +0.75
EVLV Evolv Technologies Holdings New 0.63% +0.63
MOD Modine Manufacturing Co. Add +21.4% 1.79% +0.62
NKTR Nektar Therapeutics New 0.59% +0.59
HIMS Hims & Hers Health Inc. New 0.56% +0.56
TVTX Travere Therapeutics Inc. Add +2.6% 1.64% +0.51
CUBI Customers Bancorp Inc. New 0.49% +0.49
LASR Nlight Inc. Add +9858.7% 0.46% +0.46
VC Visteon Corp. New 0.45% +0.45
STRL Sterling Infrastructure Inc. Add +50.3% 0.90% +0.43
IONQ Ionq Inc. Add +51.9% 0.90% +0.43
MRCY Mercury Systems Inc. Add +16.7% 1.32% +0.42
GH Guardant Health Inc. Add +24.8% 1.75% +0.41
COMP Compass Inc. Class A New 0.41% +0.41
SITM Sitime Corp. Add +8.4% 1.57% +0.40
IPGP Ipg Photonics Corp. New 0.39% +0.39
COGT Cogent Biosciences Inc. Add +9.3% 0.73% +0.35
IMAX Imax Corp. New 0.35% +0.35
ESE Esco Technologies Inc. Add +58.8% 0.96% +0.33
AMSC American Superconductor Corp. Add +4.2% 0.99% +0.32
BRCB Black Rock Coffee Bar Inc. Class A New 0.32% +0.32
MIRM Mirum Pharmaceuticals Inc. Add +20.9% 0.87% +0.30
CVLT Commvault Systems Inc. Add +47.4% 0.95% +0.27
HTFL Heartflow Inc. New 0.24% +0.24
RSI Rush Street Interactive Inc. Add +12.6% 0.88% +0.23
CADE Cadence Bank Add +118.9% 0.41% +0.23
AIR Aar Corp. Add +8.3% 1.05% +0.20
CECO Ceco Environmental Corp. New 0.20% +0.20
FWRG First Watch Restaurant Group Add +113.4% 0.41% +0.19
CCB Coastal Financial Corp. Add +696.2% 0.20% +0.18
PWP Perella Weinberg Partners Add +41.4% 0.55% +0.14
ALGT Allegiant Travel Co. Add +23.7% 0.83% +0.14
HAPN Happen Inc. New 0.10% +0.10
KALV Kalvista Pharmaceuticals Inc. Add +30.2% 0.53% +0.10
SPXC SPX Technologies Inc. Add +13.6% 0.92% +0.09
MIR Mirion Technologies Inc. Add +17.8% 0.85% +0.09
LIVN Livanova PLC Add +2.3% 0.93% +0.04
AAPL Apple Inc. Add +15.9% 0.16% +0.03
APP AppLovin Corp. Class A New 0.03% +0.03
NP Neptune Insurance Holdi Class A New 0.03% +0.03
KRRO Korro Bio Inc. New 0.03% +0.03
MP MP Materials Corp. New 0.02% +0.02
TTI Tetra Technologies Inc. Add +16.7% 0.05% +0.02
FIGR Figure Technology Solut Class A New 0.02% +0.02
BKR Baker Hughes Co. New 0.01% +0.01
FLUT Flutter Entertainment PLC-Di New 0.01% +0.01
BIIB Biogen Inc. Add +96.4% 0.03% +0.01
NTNX Nutanix Inc. Class A New 0.01% +0.01

Notes & Other Activity Q2 2025 → Q3 2025

IWO iShares Russell 2000 Growth RUS 2000 GRW ETF · principal New 71 $23K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 237$4.2BTVTX, CDNL, MRCY, AIR, VSEC
Q1 2026 248$3.2BMOD, GH, BE, TTMI, COGT
Q4 2025 246$3.2BGH, CRDO, KTOS, TTMI, TVTX
Q3 2025 256$3.1BKTOS, CRDO, AVAV, RMBS, LITE
Q2 2025 248$2.7BCRDO, AVAV, KTOS, TMDX, TTMI
Q1 2025 243$2.2BFTAI, PLMR, CRDO, INSM, KTOS
Q4 2024 254$2.6BCRDO, FTAI, FRPT, QTWO, GTLS
Q3 2024 248$2.6BFTAI, FRPT, CRS, VRNS, INSM
Q2 2024 247$2.4BFTAI, FRPT, CRS, TMDX, CRDO
Q1 2024 243$2.5BSMCI, FRPT, FTAI, VRNS, CRS