Emerald Mutual Fund Advisers Trust

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 4, 2025), Emerald Mutual Fund Advisers Trust reported 212 stock positions worth $1.6 billion. Its top holding was F/M Emr Life Sciences in ETF (LFSC) at 3.0% of the portfolio, followed by Credo Technology Group Holdi (CRDO, 2.8%) and Aerovironment (AVAV, 2.5%). Compared with Q1 2025, it opened 30 new positions, sold out of 27, added to 64 and reduced 70. The biggest buy was a new position in F/M Emr Life Sciences in ETF (LFSC) and the biggest sale Ftai Aviation (FTAI, shares −99%).

Most Recent 13F
Q2 2026
Location
LEOLA, PA
CIK
0001352895
Portfolio Value
$1.6B (Q2 2025)
SEC Filing
0001104659-25-073443 ↗ filed Aug 4, 2025

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $1.9B Q1 2024 Q2 2024: $1.9B Q2 2024 Q3 2024: $1.9B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.6B $1.6B Q2 2025 Q3 2025: $1.9B Q3 2025 Q4 2025: $2.1B Q4 2025 Q1 2026: $2.1B Q1 2026 Q2 2026: $2.8B Q2 2026

Holdings 212 stocks · $1.6B
LFSC F/M Emr Life Sciences in ETF 2.99% 1,997,035 $49.2M New
CRDO Credo Technology Group Holdi 2.84% 503,856 $46.7M Reduce -32.7%
AVAV Aerovironment Inc. 2.46% 141,826 $40.4M Add +8.2%
KTOS Kratos Defense & Security 2.40% 847,938 $39.4M Reduce -5.0%
TMDX Transmedics Group Inc. 2.09% 255,643 $34.3M Reduce -2.6%
SLNO Soleno Therapeutics Inc. 2.07% 405,651 $34.0M Add +9.1%
TTMI TTM Technologies 2.02% 812,551 $33.2M Reduce -8.4%
PLMR Palomar Holdings Inc. 1.78% 189,780 $29.3M Reduce -16.5%
BBIO Bridgebio Pharma Inc. 1.70% 645,745 $27.9M Reduce -10.8%
AX Axos Financial Inc. 1.69% 364,026 $27.7M No change
VRNS Varonis Systems Inc. 1.68% 542,982 $27.6M No change
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 1.66% 290,974 $27.2M Add +0.2%
RMBS Rambus Inc. 1.62% 416,122 $26.6M Add +35.9%
FN Fabrinet 1.54% 85,983 $25.3M No change
SKWD Skyward Specialty Insurance 1.53% 435,295 $25.2M Reduce -19.8%
OLLI Ollie's Bargain Outlet Holdi 1.49% 185,623 $24.5M Add +9.7%
RDNT Radnet Inc. 1.47% 423,546 $24.1M Reduce -1.7%
VITL Vital Farms Inc. 1.42% 603,874 $23.3M No change
LITE Lumentum Holdings Inc. 1.40% 242,087 $23.0M Add +0.2%
IDCC Interdigital Inc. 1.40% 102,400 $23.0M Add +13.1%
GH Guardant Health Inc. 1.32% 415,774 $21.6M Add +27.0%
TBBK The Bancorp Inc. 1.27% 366,729 $20.9M Add +16.5%
AGYS Agilysys Inc. 1.27% 182,066 $20.9M Add +31.3%
FRPT Freshpet Inc. 1.23% 297,584 $20.2M Reduce -5.0%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 1.23% 472,351 $20.2M Add +4.0%
EYE National Vision Holdings Inc. 1.17% 836,359 $19.2M Add +33.5%
SITM Sitime Corp. 1.16% 89,197 $19.0M Add +84.1%
MOD Modine Manufacturing Co. 1.11% 185,570 $18.3M Add +9.1%
VSEC Vse Corp. 1.06% 132,416 $17.3M Add +86.4%
TVTX Travere Therapeutics Inc. 1.03% 1,141,428 $16.9M Add +1.7%
MC Moelis & Co. Class A 1.02% 267,451 $16.7M Reduce -11.2%
ARLO Arlo Technologies Inc. 1.00% 972,501 $16.5M Add +0.2%
MMSI Merit Medical Systems Inc. 1.00% 175,732 $16.4M Reduce -6.9%
COLL Collegium Pharmaceutical Inc. 0.99% 550,634 $16.3M Reduce -4.1%
FOUR SHIFT4 Payments Inc. Class A 0.96% 159,569 $15.8M Add +1.0%
CRS Carpenter Technology 0.96% 57,213 $15.8M Reduce -52.8%
ATI Ati Inc. 0.94% 179,255 $15.5M Reduce -48.6%
LIVN Livanova PLC 0.89% 323,462 $14.6M Reduce -31.6%
MTSI Macom Technology Solutions H 0.88% 100,519 $14.4M Reduce -8.0%
MRCY Mercury Systems Inc. 0.86% 263,218 $14.2M New
BJRI Bj's Restaurants Inc. 0.86% 316,073 $14.1M No change
FA First Advantage Corp. 0.85% 835,917 $13.9M Add +17.1%
SPXC SPX Technologies Inc. 0.84% 82,750 $13.9M No change
BOOT Boot Barn Holdings Inc. 0.83% 90,060 $13.7M Add +2.8%
AIR Aar Corp. 0.81% 194,240 $13.4M Reduce -30.9%
UMBF Umb Financial Corp. 0.78% 121,672 $12.8M Add +42.8%
CWAN Clearwater Analytics HDS-A 0.77% 579,602 $12.7M Add +112.8%
WVE Wave Life Sciences Ltd. 0.77% 1,937,489 $12.6M Add +0.3%
LTH Life Time Group Holdings Inc. 0.76% 410,492 $12.5M Add +2.3%
PDFS PDF Solutions Inc. 0.76% 581,410 $12.4M Reduce -6.0%
OSW Onespaworld Holdings Ltd. 0.73% 585,525 $11.9M Add +8.2%
MIR Mirion Technologies Inc. 0.73% 553,624 $11.9M Add +9.2%
ETNB 89BIO Inc. 0.69% 1,145,813 $11.3M Add +5.8%
MDGL Madrigal Pharmaceuticals Inc. 0.68% 36,920 $11.2M Add +4.8%
CORT Corcept Therapeutics Inc. 0.67% 150,906 $11.1M Add +299.0%
RSI Rush Street Interactive Inc. 0.67% 743,189 $11.1M Add +113.5%
MIRM Mirum Pharmaceuticals Inc. 0.67% 217,542 $11.1M New
ATEC Alphatec Holdings Inc. 0.67% 986,103 $10.9M Reduce -1.8%
RARE Ultragenyx Pharmaceutical Inc. 0.65% 295,317 $10.7M Reduce -13.4%
ALGT Allegiant Travel Co. 0.65% 193,624 $10.6M Add +18.7%
PI Impinj Inc. 0.64% 94,017 $10.4M No change
GTLS Chart Industries Inc. 0.63% 63,069 $10.4M Reduce -61.4%
TENB Tenable Holdings Inc. 0.61% 294,372 $9.9M Reduce -16.7%
RHP Ryman Hospitality Properties 0.60% 99,556 $9.8M Reduce -7.4%
LIF LIFE360 Inc. 0.58% 146,893 $9.6M No change
AAOI Applied Optoelectronics Inc. 0.58% 370,996 $9.5M No change
FORM Formfactor Inc. 0.57% 272,800 $9.4M Reduce -27.2%
TREE Lendingtree Inc. 0.56% 246,285 $9.1M Reduce -1.3%
ESE Esco Technologies Inc. 0.54% 46,633 $8.9M New
SEI Solaris Energy Infrastructur 0.54% 315,972 $8.9M Reduce -7.6%
EVER Everquote Inc. Class A 0.53% 362,967 $8.8M Add +13.4%
KALV Kalvista Pharmaceuticals Inc. 0.53% 768,972 $8.7M Add +26.4%
PTLO Portillo's Inc. Class A 0.52% 731,603 $8.5M No change
TRIN Trinity Capital Inc. 0.49% 577,713 $8.1M No change
ARHS Arhaus Inc. 0.49% 934,333 $8.1M No change
STRL Sterling Infrastructure Inc. 0.48% 34,197 $7.9M New
AMSC American Superconductor Corp. 0.48% 213,914 $7.8M Add +1598.1%
SOC Sable Offshore Corp. 0.47% 351,887 $7.7M Add +102.1%
CCB Coastal Financial Corp. 0.47% 78,995 $7.7M Add +21.8%
ONTO Onto Innovation Inc. 0.46% 75,385 $7.6M New
IONQ Ionq Inc. 0.46% 174,725 $7.5M New
ITGR Integer Holdings Corp. 0.45% 60,339 $7.4M Add +252.6%
CVLT Commvault Systems Inc. 0.45% 42,411 $7.4M Add +18.4%
AKRO Akero Therapeutics Inc. 0.44% 136,297 $7.3M Reduce -34.2%
PWP Perella Weinberg Partners 0.43% 367,163 $7.1M Add +77.9%
SKYT Skywater Technology Inc. 0.43% 714,144 $7.0M Add +18.6%
CCOI Cogent Communications Holdin 0.42% 144,344 $7.0M No change
ACAD Acadia Pharmaceuticals Inc. 0.42% 319,306 $6.9M Reduce -35.5%
NSSC Napco Security Technologies 0.41% 227,852 $6.8M Add +3.0%
RXO Rxo Inc. 0.41% 427,129 $6.7M Reduce -13.7%
AXSM Axsome Therapeutics Inc. 0.41% 63,935 $6.7M New
COGT Cogent Biosciences Inc. 0.39% 895,412 $6.4M New
EE Excelerate Energy Inc. Class A 0.39% 219,194 $6.4M New
FIVE Five Below 0.38% 47,695 $6.3M Add +350.2%
BOW Bowhead Specialty Holdings I 0.37% 161,812 $6.1M No change
KLIC Kulicke & Soffa Industries 0.37% 173,592 $6.0M Reduce -12.6%
MARA Mara Holdings Inc. 0.33% 347,214 $5.4M Add +91.3%
ASIC Ategrity Specialty Holdings 0.31% 239,964 $5.2M New
QBTS D-Wave Quantum Inc. 0.31% 350,340 $5.1M New
BE Bloom Energy Corp. Class A 0.31% 212,002 $5.1M Reduce -0.1%
SVRA Savara Inc. 0.30% 2,186,404 $5.0M Add +8.5%
SYRE Spyre Therapeutics Inc. 0.30% 329,430 $4.9M Reduce -15.4%
WSBC Wesbanco Inc. 0.27% 140,653 $4.4M Add +16.2%
MPB Mid Penn Bancorp Inc. 0.27% 157,538 $4.4M Add +0.8%
SLDE Slide Insurance Holdings Inc. 0.27% 202,530 $4.4M New
FWRG First Watch Restaurant Group 0.25% 258,538 $4.1M New
SWIM Latham Group Inc. 0.25% 642,554 $4.1M Add +231.9%
AII American Integrity Insurance 0.25% 219,510 $4.0M New
NVCR Novocure Ltd. 0.24% 219,584 $3.9M Reduce -32.2%
FFIN First Finl Bankshares Inc. 0.22% 101,872 $3.7M No change
INR Infinity Natural Resour Class A 0.20% 180,688 $3.3M Reduce -14.2%
GBFH Gbank Financial Holdings Inc. 0.19% 87,189 $3.1M Add +1847.0%
CADE Cadence Bank 0.18% 92,703 $3.0M New
OMDA Omada Health Inc. 0.18% 161,227 $3.0M New
SPT Sprout Social Inc. Class A 0.17% 133,395 $2.8M No change
UTZ Utz Brands Inc. 0.17% 217,010 $2.7M No change
NVDA Nvidia Corp. 0.16% 17,124 $2.7M Reduce -1.3%
INSM Insmed Inc. 0.16% 25,424 $2.6M Reduce -92.8%
MCB Metropolitan Bank Holding Co. 0.15% 35,673 $2.5M Reduce -2.1%
ZVIA Zevia PBC-A 0.15% 761,700 $2.5M Add +99.9%
BHVN Biohaven Ltd. 0.15% 172,999 $2.4M Reduce -27.4%
PAL Proficient Auto Logistics Inc. 0.14% 323,289 $2.3M No change
NBN Northeast Bank 0.13% 24,238 $2.2M No change
MSFT Microsoft Corp. 0.12% 4,108 $2.0M Reduce -4.9%
MECHANICS BANK /WALNUT CREEK 0.12% 53 $1.9M No change
CBLL Ceribell Inc. 0.11% 98,185 $1.8M Add +26.1%
ESQ Esquire Financial Holdings I 0.10% 17,640 $1.7M No change
WTFC Wintrust Financial Corp. 0.10% 13,020 $1.6M Add +30.3%
LPX Louisiana-Pacific Corp. 0.09% 18,096 $1.6M Reduce -87.4%
BWMN Bowman Consulting Group Ltd. 0.09% 50,357 $1.4M Add +74.6%
PNFP Pinnacle Financial Partners 0.09% 12,883 $1.4M Add +51.9%
WAL Western Alliance Bancorp 0.09% 17,931 $1.4M No change
CASH Pathward Financial Inc. 0.08% 16,572 $1.3M No change
FINW Finwise Bancorp 0.08% 85,424 $1.3M No change
AMZN Amazon.com Inc. 0.08% 5,684 $1.2M Reduce -4.9%
NWFL Norwood Financial Corp. 0.07% 47,500 $1.2M No change
KNSL Kinsale Capital Group Inc. 0.07% 2,492 $1.2M Reduce -38.1%
AAPL Apple Inc. 0.07% 5,639 $1.2M Reduce -14.6%
META Meta Platforms Inc. Class A 0.07% 1,483 $1.1M Reduce -4.9%
RNST Renasant Corp. 0.07% 29,782 $1.1M New
AVGO Broadcom Inc. 0.06% 3,596 $991K Reduce -4.9%
CCNE CNB Financial Corp. 0.06% 42,886 $980K No change
ONB Old National Bancorp 0.06% 45,755 $976K Add +72.5%
GOOGL Alphabet Inc. Class A 0.06% 5,302 $934K Reduce -15.3%
FLOC Flowco Holdings Inc. Class A 0.06% 51,059 $909K Reduce -62.7%
QCRH QCR Holdings Inc. 0.05% 13,110 $890K No change
GMED Globus Medical Inc. Class A 0.05% 13,656 $806K Add +1.3%
BHRB Burke & Herbert Financial SE 0.05% 13,080 $781K No change
VBTX Veritex Holdings Inc. 0.05% 28,953 $756K No change
UTHR United Therapeutics Corp. 0.05% 2,580 $741K Add +1.3%
UBSI United Bankshares Inc. 0.04% 20,108 $733K Add +479.1%
SSB Southstate Bank Corp. 0.04% 7,930 $730K No change
PRCH Porch Group Inc. 0.04% 54,906 $647K Reduce -24.3%
EWBC East West Bancorp Inc. 0.04% 6,314 $638K No change
TCBX Third Coast Bancshares Inc. 0.04% 19,108 $624K No change
HOOD Robinhood Markets Inc. Class A 0.04% 6,410 $600K Add +18.3%
CNOB Connectone Bancorp Inc. 0.04% 25,356 $587K No change
LNKB Linkbancorp Inc. 0.03% 76,139 $557K No change
CMHF Community Heritage Financial 0.03% 20,772 $530K No change
FULT Fulton Financial Corp. 0.03% 29,189 $527K Reduce -90.0%
SIGI Selective Insurance Group 0.03% 6,059 $525K No change
FSBC Five Star Bancorp 0.03% 18,040 $515K No change
BUSE First Busey Corp. 0.03% 21,123 $483K Reduce -89.7%
BY Byline Bancorp Inc. 0.03% 16,270 $435K No change
NFLX Netflix Inc. 0.03% 318 $426K Reduce -4.8%
OFIX Orthofix Medical Inc. 0.03% 37,625 $420K Reduce -92.7%
AUB Atlantic Union Bankshares Co. 0.02% 12,574 $393K Add +137.5%
CARE Carter Bankshares Inc. 0.02% 22,070 $383K No change
CWBC Community West Bancshares 0.02% 19,168 $374K No change
SMCI Super Micro Computer Inc. 0.02% 7,265 $356K Reduce -4.9%
MCHB Mechanics Bancorp Class A filed as HOMESTREET INC 0.02% 25,572 $334K No change
COMP Compass Inc. Class A 0.02% 51,103 $321K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 2,526 $312K Reduce -4.9%
LNG Cheniere Energy Inc. 0.02% 1,252 $305K Add +4.8%
ABCB Ameris Bancorp 0.02% 4,442 $287K Reduce -91.7%
COIN Coinbase Global Inc. Class A 0.02% 792 $278K Add +207.0%
LLY Eli Lilly & Co. 0.02% 338 $263K Reduce -20.3%
SHOP Shopify Inc. Class A 0.02% 2,206 $254K New
V Visa Inc. Class A 0.02% 703 $250K Reduce -4.9%
COST Costco Wholesale Corp. 0.01% 249 $246K Reduce -5.0%
TTI Tetra Technologies Inc. 0.01% 68,925 $232K Add +13.4%
PANW Palo Alto Networks Inc. 0.01% 1,078 $221K Reduce -4.8%
NCLH Norwegian Cruise Line Holdin 0.01% 10,597 $215K Reduce -4.9%
FTAI Ftai Aviation Ltd. 0.01% 1,852 $213K Reduce -99.3%
NOW ServiceNow Inc. 0.01% 205 $211K Reduce -4.7%
PBAM Private Bancorp of America I 0.01% 3,676 $199K No change
MURA Mural Oncology PLC 0.01% 77,567 $192K New
FITB Fifth Third Bancorp 0.01% 4,530 $186K No change
FRME First Merchants Corp. 0.01% 4,767 $183K No change
MTZ Mastec Inc. 0.01% 1,033 $176K Reduce -4.9%
DASH DoorDash Inc. Class A 0.01% 710 $175K Reduce -5.0%
GENI Genius Sports Ltd. 0.01% 16,642 $173K Add +70.2%
TWFG TWFG Inc. 0.01% 4,900 $172K No change
TSLA Tesla Inc. 0.01% 509 $162K Reduce -4.9%
TTWO Take-Two Interactive Softwre 0.01% 636 $154K Add +63.5%
ORCL Oracle Corp. 0.01% 657 $144K Reduce -4.8%
SBCF Seacoast Banking Corp. 0.01% 4,680 $129K New
MDB Mongodb Inc. 0.01% 609 $128K Reduce -5.0%
INDI Indie Semiconductor Inc. Class A 0.01% 33,547 $119K Reduce -4.9%
BROOKLINE BANCORP INC 0.01% 10,923 $115K No change
CHYM Chime Financial Inc. Class A 0.01% 3,274 $113K New
FTI Technipfmc PLC 0.01% 3,127 $108K Reduce -58.9%
DDOG Datadog Inc. Class A 0.01% 766 $103K Reduce -5.0%
AZO AutoZone Inc. 0.01% 27 $100K New
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 0.01% 3,610 $97K New
CORZ Core Scientific Inc. 0.01% 5,282 $90K No change
GLNG Golar LNG Ltd. 0.00% 1,800 $74K New
BWXT BWX Technologies Inc. 0.00% 504 $73K New
PLTR Palantir Technologies Inc. Class A 0.00% 517 $70K New
CRCL Circle Internet Group Inc. 0.00% 287 $52K New
ALKT Alkami Technology Inc. 0.00% 1,613 $49K New
DUOL Duolingo 0.00% 98 $40K New

Portfolio Sells Q1 2025 → Q2 2025
FTAI Ftai Aviation Ltd. Reduce -99.3% 0.01% −2.21
INSM Insmed Inc. Reduce -92.8% 0.16% −1.82
BPMC Blueprint Medicines Corp. Sold out 0.00% −1.62
GTLS Chart Industries Inc. Reduce -61.4% 0.63% −1.09
LPX Louisiana-Pacific Corp. Reduce -87.4% 0.09% −0.87
FRPT Freshpet Inc. Reduce -5.0% 1.23% −0.68
CRS Carpenter Technology Reduce -52.8% 0.96% −0.65
OFIX Orthofix Medical Inc. Reduce -92.7% 0.03% −0.59
SKWD Skyward Specialty Insurance Reduce -19.8% 1.53% −0.57
CHDN Churchill Downs Inc. Sold out 0.00% −0.56
PLMR Palomar Holdings Inc. Reduce -16.5% 1.78% −0.50
LIVN Livanova PLC Reduce -31.6% 0.89% −0.47
MMSI Merit Medical Systems Inc. Reduce -6.9% 1.00% −0.46
NEO Neogenomics Inc. Sold out 0.00% −0.46
WHD Cactus Inc. Class A Sold out 0.00% −0.42
ATI Ati Inc. Reduce -48.6% 0.94% −0.39
TREE Lendingtree Inc. Reduce -1.3% 0.56% −0.36
FULT Fulton Financial Corp. Reduce -90.0% 0.03% −0.36
AIR Aar Corp. Reduce -30.9% 0.81% −0.34
CVRX CVRX Inc. Sold out 0.00% −0.33
TENB Tenable Holdings Inc. Reduce -16.7% 0.61% −0.30
BUSE First Busey Corp. Reduce -89.7% 0.03% −0.30
RXO Rxo Inc. Reduce -13.7% 0.41% −0.28
MC Moelis & Co. Class A Reduce -11.2% 1.02% −0.27
BHVN Biohaven Ltd. Reduce -27.4% 0.15% −0.27
COLL Collegium Pharmaceutical Inc. Reduce -4.1% 0.99% −0.26
RARE Ultragenyx Pharmaceutical Inc. Reduce -13.4% 0.65% −0.25
STC Stewart Information Services Sold out 0.00% −0.21
ABCB Ameris Bancorp Reduce -91.7% 0.02% −0.21
FORM Formfactor Inc. Reduce -27.2% 0.57% −0.20
FLOC Flowco Holdings Inc. Class A Reduce -62.7% 0.06% −0.20
NVCR Novocure Ltd. Reduce -32.2% 0.24% −0.18
ACAD Acadia Pharmaceuticals Inc. Reduce -35.5% 0.42% −0.18
AKRO Akero Therapeutics Inc. Reduce -34.2% 0.44% −0.17
SYRE Spyre Therapeutics Inc. Reduce -15.4% 0.30% −0.16
BBIO Bridgebio Pharma Inc. Reduce -10.8% 1.70% −0.14
RHP Ryman Hospitality Properties Reduce -7.4% 0.60% −0.12
KLIC Kulicke & Soffa Industries Reduce -12.6% 0.37% −0.11
PDFS PDF Solutions Inc. Reduce -6.0% 0.76% −0.11
ORRF Orrstown Finl Services Inc. Sold out 0.00% −0.11
RDNT Radnet Inc. Reduce -1.7% 1.47% −0.10
SRPT Sarepta Therapeutics Inc. Sold out 0.00% −0.10
UEC Uranium Energy Corp. Sold out 0.00% −0.09
INR Infinity Natural Resour Class A Reduce -14.2% 0.20% −0.09
ATEC Alphatec Holdings Inc. Reduce -1.8% 0.67% −0.08
KNSL Kinsale Capital Group Inc. Reduce -38.1% 0.07% −0.07
KEY Keycorp Sold out 0.00% −0.06
IBP Installed Building Products Sold out 0.00% −0.06
MOFG Midwestone Financial Group I Sold out 0.00% −0.05
AAPL Apple Inc. Reduce -14.6% 0.07% −0.04

Portfolio Buys Q1 2025 → Q2 2025
LFSC F/M Emr Life Sciences in ETF New 2.99% +2.99
AVAV Aerovironment Inc. Add +8.2% 2.46% +1.32
MRCY Mercury Systems Inc. New 0.86% +0.86
MIRM Mirum Pharmaceuticals Inc. New 0.67% +0.67
SITM Sitime Corp. Add +84.1% 1.16% +0.61
EYE National Vision Holdings Inc. Add +33.5% 1.17% +0.59
ESE Esco Technologies Inc. New 0.54% +0.54
AGYS Agilysys Inc. Add +31.3% 1.27% +0.53
STRL Sterling Infrastructure Inc. New 0.48% +0.48
ONTO Onto Innovation Inc. New 0.46% +0.46
AMSC American Superconductor Corp. Add +1598.1% 0.48% +0.46
RMBS Rambus Inc. Add +35.9% 1.62% +0.46
IONQ Ionq Inc. New 0.46% +0.46
VSEC Vse Corp. Add +86.4% 1.06% +0.43
AXSM Axsome Therapeutics Inc. New 0.41% +0.41
RSI Rush Street Interactive Inc. Add +113.5% 0.67% +0.40
COGT Cogent Biosciences Inc. New 0.39% +0.39
EE Excelerate Energy Inc. Class A New 0.39% +0.39
CORT Corcept Therapeutics Inc. Add +299.0% 0.67% +0.36
FIVE Five Below Add +350.2% 0.38% +0.32
ASIC Ategrity Specialty Holdings New 0.31% +0.31
QBTS D-Wave Quantum Inc. New 0.31% +0.31
ITGR Integer Holdings Corp. Add +252.6% 0.45% +0.30
ARLO Arlo Technologies Inc. Add +0.2% 1.00% +0.30
LITE Lumentum Holdings Inc. Add +0.2% 1.40% +0.30
GH Guardant Health Inc. Add +27.0% 1.32% +0.30
SLDE Slide Insurance Holdings Inc. New 0.27% +0.27
FWRG First Watch Restaurant Group New 0.25% +0.25
AII American Integrity Insurance New 0.25% +0.25
CWAN Clearwater Analytics HDS-A Add +112.8% 0.77% +0.24
MIR Mirion Technologies Inc. Add +9.2% 0.73% +0.19
CADE Cadence Bank New 0.18% +0.18
OMDA Omada Health Inc. New 0.18% +0.18
MARA Mara Holdings Inc. Add +91.3% 0.33% +0.18
GBFH Gbank Financial Holdings Inc. Add +1847.0% 0.19% +0.18
SWIM Latham Group Inc. Add +231.9% 0.25% +0.16
MOD Modine Manufacturing Co. Add +9.1% 1.11% +0.16
PWP Perella Weinberg Partners Add +77.9% 0.43% +0.16
UMBF Umb Financial Corp. Add +42.8% 0.78% +0.15
SOC Sable Offshore Corp. Add +102.1% 0.47% +0.15
BOOT Boot Barn Holdings Inc. Add +2.8% 0.83% +0.14
SLNO Soleno Therapeutics Inc. Add +9.1% 2.07% +0.12
SKYT Skywater Technology Inc. Add +18.6% 0.43% +0.12
ETNB 89BIO Inc. Add +5.8% 0.69% +0.11
FA First Advantage Corp. Add +17.1% 0.85% +0.11
ZVIA Zevia PBC-A Add +99.9% 0.15% +0.09
RNST Renasant Corp. New 0.07% +0.07
OSW Onespaworld Holdings Ltd. Add +8.2% 0.73% +0.06
TBBK The Bancorp Inc. Add +16.5% 1.27% +0.05
OLLI Ollie's Bargain Outlet Holdi Add +9.7% 1.49% +0.05

Notes & Other Activity Q1 2025 → Q2 2025
LFSC F/M Emr Life Sciences in ETF F M EME LIFE ETF · principal Sold out 1,997,035 $44.8Mbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 197$2.8BLFSC, TVTX, CDNL, MRCY, AIR
Q1 2026 199$2.1BLFSC, MOD, GH, BE, TTMI
Q4 2025 189$2.1BLFSC, GH, CRDO, KTOS, TTMI
Q3 2025 219$1.9BLFSC, KTOS, CRDO, AVAV, RMBS
Q2 2025 212$1.6BLFSC, CRDO, AVAV, KTOS, TMDX
Q1 2025 209$1.4BPLMR, FTAI, CRDO, SKWD, INSM
Q4 2024 212$1.6BCRDO, FTAI, LFSC, FRPT, PLMR
Q3 2024 224$1.9BFTAI, FRPT, CRS, VRNS, CRDO
Q2 2024 223$1.9BFTAI, FRPT, CRS, CRDO, TMDX
Q1 2024 229$1.9BSMCI, FRPT, FTAI, VRNS, CRS