Filed: 10/30/2025ACC: 0001104659-25-104111
📋 What this filing means
EMERALD ADVISERS, LLC filed this quarterly 13F‑HR report disclosing 257 equity positions with a total reported market value of $3.12B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
257
Positions
$3.12B
Total AUM (reported)
71.99M
Total Shares
Allocation by class
COM$3.12B100.0%
CONV BONDS$22.7K0.0%
Portfolio Concentration
Top 3$253.41M8.1%
4–10$404.16M13.0%
11–25$643.02M20.6%
Rest$1.82B58.3%
Top 3 weight
8.1%
Top 10 weight
21.1%
Voting Authority Distribution
Total shares with voting rights: 71.99M
Sole
Full voting authority
54.94M
shares
% of voting shares76.3%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
17.05M
shares
% of voting shares23.7%
Investment Discretion (by position count)
Sole257
Shared0
Other0
Dominant voting typeSole · 76.3% of voting shares
Institutional Holdings257
Rows:
KRATOS DEFENSE AND SECURITY
SOLEShares968.85K
TypeSH
Market value$88.52M
2.84%
Sole
739.75K
Shared
0.00
None
229.10K
CREDO TECHNOLOGY GROUP HOLDINGS
SOLEShares597.13K
TypeSH
Market value$86.95M
2.79%
Sole
455.30K
Shared
0.00
None
141.83K
AEROVIRONMENT INC
SOLEShares247.51K
TypeSH
Market value$77.94M
2.50%
Sole
189.96K
Shared
0.00
None
57.55K
RAMBUS INC
SOLEShares637.75K
TypeSH
Market value$66.45M
2.13%
Sole
483.79K
Shared
0.00
None
153.97K
LUMENTUM HOLDINGS INC
SOLEShares363.62K
TypeSH
Market value$59.16M
1.90%
Sole
277.51K
Shared
0.00
None
86.10K
TTM TECHNOLOGIES INC
SOLEShares1.01M
TypeSH
Market value$58.04M
1.86%
Sole
763.65K
Shared
0.00
None
243.91K
BLOOM ENERGY CO
SOLEShares684.95K
TypeSH
Market value$57.93M
1.86%
Sole
525.17K
Shared
0.00
None
159.78K
MODINE MANUFACTURING CO
SOLEShares391.72K
TypeSH
Market value$55.69M
1.79%
Sole
298.77K
Shared
0.00
None
92.94K
GUARDANT HEALTH INC
SOLEShares873.20K
TypeSH
Market value$54.56M
1.75%
Sole
665.32K
Shared
0.00
None
207.88K
VARONIS SYSTEMS INC
SOLEShares910.64K
TypeSH
Market value$52.33M
1.68%
Sole
702.40K
Shared
0.00
None
208.24K
TRAVERE THERAPEUTICS INC
SOLEShares2.15M
TypeSH
Market value$51.31M
1.64%
Sole
1.64M
Shared
0.00
None
508.54K
RADNET INC
SOLEShares642.17K
TypeSH
Market value$48.94M
1.57%
Sole
487.92K
Shared
0.00
None
154.25K
SITIME CORPORATION
SOLEShares162.24K
TypeSH
Market value$48.89M
1.57%
Sole
123.54K
Shared
0.00
None
38.70K
NATIONAL VISION HOLDINGS
SOLEShares1.58M
TypeSH
Market value$46.09M
1.48%
Sole
1.21M
Shared
0.00
None
369.41K
THE BANCORP INC
SOLEShares602.58K
TypeSH
Market value$45.13M
1.45%
Sole
462.01K
Shared
0.00
None
140.56K
AXOS FINANCIAL INC
SOLEShares528.91K
TypeSH
Market value$44.77M
1.44%
Sole
403.20K
Shared
0.00
None
125.71K
TRANSMEDICS GROUP INC
SOLEShares387.59K
TypeSH
Market value$43.49M
1.39%
Sole
297.45K
Shared
0.00
None
90.14K
SOLENO THERAPEUTICS INC
SOLEShares627.76K
TypeSH
Market value$42.44M
1.36%
Sole
480.64K
Shared
0.00
None
147.12K
MERCURY SYSTEMS INC
SOLEShares533.09K
TypeSH
Market value$41.26M
1.32%
Sole
401.88K
Shared
0.00
None
131.22K
VITAL FARMS INC
SOLEShares990.63K
TypeSH
Market value$40.76M
1.31%
Sole
757.10K
Shared
0.00
None
233.53K
FABRINET
SOLEShares110.67K
TypeSH
Market value$40.35M
1.29%
Sole
83.92K
Shared
0.00
None
26.76K
OLLIE'S BARGAIN OUTLET HOLDINGS
SOLEShares301.02K
TypeSH
Market value$38.65M
1.24%
Sole
228K
Shared
0.00
None
73.02K
BRIDGEBIO PHARMA INC
SOLEShares720.34K
TypeSH
Market value$37.41M
1.20%
Sole
549.36K
Shared
0.00
None
170.99K
VSE CORPORATION
SOLEShares223.29K
TypeSH
Market value$37.12M
1.19%
Sole
171.74K
Shared
0.00
None
51.55K
Q2 HOLDINGS INC
SOLEShares502.95K
TypeSH
Market value$36.41M
1.17%
Sole
379.93K
Shared
0.00
None
123.02K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
KRATOS DEFENSE AND SECURITYSOLE | COM | 968.85K | SH | $88.52M 2.84% | 739.75K | 0.00 | 229.10K |
CREDO TECHNOLOGY GROUP HOLDINGSSOLE | COM | 597.13K | SH | $86.95M 2.79% | 455.30K | 0.00 | 141.83K |
AEROVIRONMENT INCSOLE | COM | 247.51K | SH | $77.94M 2.50% | 189.96K | 0.00 | 57.55K |
RAMBUS INCSOLE | COM | 637.75K | SH | $66.45M 2.13% | 483.79K | 0.00 | 153.97K |
LUMENTUM HOLDINGS INCSOLE | COM | 363.62K | SH | $59.16M 1.90% | 277.51K | 0.00 | 86.10K |
TTM TECHNOLOGIES INCSOLE | COM | 1.01M | SH | $58.04M 1.86% | 763.65K | 0.00 | 243.91K |
BLOOM ENERGY COSOLE | COM | 684.95K | SH | $57.93M 1.86% | 525.17K | 0.00 | 159.78K |
MODINE MANUFACTURING COSOLE | COM | 391.72K | SH | $55.69M 1.79% | 298.77K | 0.00 | 92.94K |
GUARDANT HEALTH INCSOLE | COM | 873.20K | SH | $54.56M 1.75% | 665.32K | 0.00 | 207.88K |
VARONIS SYSTEMS INCSOLE | COM | 910.64K | SH | $52.33M 1.68% | 702.40K | 0.00 | 208.24K |
TRAVERE THERAPEUTICS INCSOLE | COM | 2.15M | SH | $51.31M 1.64% | 1.64M | 0.00 | 508.54K |
RADNET INCSOLE | COM | 642.17K | SH | $48.94M 1.57% | 487.92K | 0.00 | 154.25K |
SITIME CORPORATIONSOLE | COM | 162.24K | SH | $48.89M 1.57% | 123.54K | 0.00 | 38.70K |
NATIONAL VISION HOLDINGSSOLE | COM | 1.58M | SH | $46.09M 1.48% | 1.21M | 0.00 | 369.41K |
THE BANCORP INCSOLE | COM | 602.58K | SH | $45.13M 1.45% | 462.01K | 0.00 | 140.56K |
AXOS FINANCIAL INCSOLE | COM | 528.91K | SH | $44.77M 1.44% | 403.20K | 0.00 | 125.71K |
TRANSMEDICS GROUP INCSOLE | COM | 387.59K | SH | $43.49M 1.39% | 297.45K | 0.00 | 90.14K |
SOLENO THERAPEUTICS INCSOLE | COM | 627.76K | SH | $42.44M 1.36% | 480.64K | 0.00 | 147.12K |
MERCURY SYSTEMS INCSOLE | COM | 533.09K | SH | $41.26M 1.32% | 401.88K | 0.00 | 131.22K |
VITAL FARMS INCSOLE | COM | 990.63K | SH | $40.76M 1.31% | 757.10K | 0.00 | 233.53K |
FABRINETSOLE | COM | 110.67K | SH | $40.35M 1.29% | 83.92K | 0.00 | 26.76K |
OLLIE'S BARGAIN OUTLET HOLDINGSSOLE | COM | 301.02K | SH | $38.65M 1.24% | 228K | 0.00 | 73.02K |
BRIDGEBIO PHARMA INCSOLE | COM | 720.34K | SH | $37.41M 1.20% | 549.36K | 0.00 | 170.99K |
VSE CORPORATIONSOLE | COM | 223.29K | SH | $37.12M 1.19% | 171.74K | 0.00 | 51.55K |
Q2 HOLDINGS INCSOLE | COM | 502.95K | SH | $36.41M 1.17% | 379.93K | 0.00 | 123.02K |
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