EMERALD ADVISERS, LLC

PrivateCIK: 1015083

Location

LEOLA, PA

237

Positions

$4.25B

Total AUM (reported)

87.18M

Total Shares

Allocation by class

COM$4.25B100.0%

Portfolio Concentration

Top 3$248.95M5.9%

4–10$490.16M11.5%

11–25$880.83M20.7%

Rest$2.63B61.9%

Top 3 weight

5.9%

Top 10 weight

17.4%

Voting Authority Distribution

Total shares with voting rights: 87.18M

Sole

Full voting authority

66.28M

% of voting shares76.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

20.91M

% of voting shares24.0%

Investment Discretion (by position count)

Sole237

Shared0

Other0

Dominant voting typeSole · 76.0% of voting shares

Institutional Holdings237

Rows:

TRAVERE THERAPEUTICS INC

SOLE

COM

Shares1.60M

TypeSH

Market value$90.95M

2.14%

Sole

1.22M

Shared

0.00

None

381.94K

CARDINAL INFRASTRUCTURE GROUP

SOLE

COM

Shares847.97K

TypeSH

Market value$79.88M

1.88%

Sole

649.33K

Shared

0.00

None

198.64K

MERCURY SYSTEMS INC

SOLE

COM

Shares638.68K

TypeSH

Market value$78.13M

1.84%

Sole

484.77K

Shared

0.00

None

153.91K

AAR CORPORATION

SOLE

COM

Shares521.92K

TypeSH

Market value$74.60M

1.76%

Sole

395.76K

Shared

0.00

None

126.16K

VSE CORPORATION

SOLE

COM

Shares323.15K

TypeSH

Market value$73.84M

1.74%

Sole

244.76K

Shared

0.00

None

78.39K

KULICKE AND SOFFA INDUSTRIES

SOLE

COM

Shares551.53K

TypeSH

Market value$73.77M

1.74%

Sole

418.89K

Shared

0.00

None

132.65K

ARGAN INC

SOLE

COM

Shares89.30K

TypeSH

Market value$71.31M

1.68%

Sole

67.59K

Shared

0.00

None

21.71K

CECO ENVIRONMENTAL CORP

SOLE

COM

Shares736.78K

TypeSH

Market value$66.86M

1.57%

Sole

559.15K

Shared

0.00

None

177.64K

CORCEPT THERAPEUTICS INC

SOLE

COM

Shares748.33K

TypeSH

Market value$65.07M

1.53%

Sole

571.59K

Shared

0.00

None

176.74K

LIVANOVA PLC

SOLE

COM

Shares787.10K

TypeSH

Market value$64.72M

1.52%

Sole

597.26K

Shared

0.00

None

189.84K

SEMTECH CORP

SOLE

COM

Shares393.03K

TypeSH

Market value$63.61M

1.50%

Sole

296.91K

Shared

0.00

None

96.12K

INTERDIGITAL INC PA COM

SOLE

COM

Shares223.52K

TypeSH

Market value$63.28M

1.49%

Sole

168.03K

Shared

0.00

None

55.48K

ESCO TECHNOLOGIES INC

SOLE

COM

Shares179.80K

TypeSH

Market value$62.94M

1.48%

Sole

136.29K

Shared

0.00

None

43.51K

AXCELIS TECHNOLOGIES INC

SOLE

COM

Shares330.47K

TypeSH

Market value$62.61M

1.47%

Sole

249.63K

Shared

0.00

None

80.84K

PDF SOLUTIONS INC

SOLE

COM

Shares884.29K

TypeSH

Market value$62.60M

1.47%

Sole

670.73K

Shared

0.00

None

213.56K

PLEXUS CORP

SOLE

COM

Shares207.71K

TypeSH

Market value$62.45M

1.47%

Sole

157.33K

Shared

0.00

None

50.38K

COHU INC

SOLE

COM

Shares843.63K

TypeSH

Market value$62.35M

1.47%

Sole

641.56K

Shared

0.00

None

202.07K

COGENT BIOSCIENCES INC

SOLE

COM

Shares1.60M

TypeSH

Market value$62.05M

1.46%

Sole

1.22M

Shared

0.00

None

386.87K

ALLEGIANT TRAVEL CO

SOLE

COM

Shares475.11K

TypeSH

Market value$55.87M

1.32%

Sole

357.85K

Shared

0.00

None

117.26K

LEGENCE CORP

SOLE

COM

Shares653.79K

TypeSH

Market value$55.72M

1.31%

Sole

494.67K

Shared

0.00

None

159.12K

MIRUM PHARMACEUTICALS INC

SOLE

COM

Shares468.30K

TypeSH

Market value$54.82M

1.29%

Sole

354.03K

Shared

0.00

None

114.26K

GUARDANT HEALTH INC

SOLE

COM

Shares364.02K

TypeSH

Market value$54.61M

1.29%

Sole

277.47K

Shared

0.00

None

86.55K

MODINE MANUFACTURING CO

SOLE

COM

Shares202.75K

TypeSH

Market value$54.14M

1.27%

Sole

153.91K

Shared

0.00

None

48.85K

AXOS FINANCIAL INC

SOLE

COM

Shares536.16K

TypeSH

Market value$52.22M

1.23%

Sole

406.51K

Shared

0.00

None

129.65K

SOLARIS ENERGY INFRASTRUCTURE INC

SOLE

COM

Shares640.62K

TypeSH

Market value$51.54M

1.21%

Sole

495.41K

Shared

0.00

None

145.20K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
TRAVERE THERAPEUTICS INCSOLE	COM	1.60M	SH	$90.95M 2.14%	1.22M	381.94K
CARDINAL INFRASTRUCTURE GROUPSOLE	COM	847.97K	SH	$79.88M 1.88%	649.33K	198.64K
MERCURY SYSTEMS INCSOLE	COM	638.68K	SH	$78.13M 1.84%	484.77K	153.91K
AAR CORPORATIONSOLE	COM	521.92K	SH	$74.60M 1.76%	395.76K	126.16K
VSE CORPORATIONSOLE	COM	323.15K	SH	$73.84M 1.74%	244.76K	78.39K
KULICKE AND SOFFA INDUSTRIESSOLE	COM	551.53K	SH	$73.77M 1.74%	418.89K	132.65K
ARGAN INCSOLE	COM	89.30K	SH	$71.31M 1.68%	67.59K	21.71K
CECO ENVIRONMENTAL CORPSOLE	COM	736.78K	SH	$66.86M 1.57%	559.15K	177.64K
CORCEPT THERAPEUTICS INCSOLE	COM	748.33K	SH	$65.07M 1.53%	571.59K	176.74K
LIVANOVA PLCSOLE	COM	787.10K	SH	$64.72M 1.52%	597.26K	189.84K
SEMTECH CORPSOLE	COM	393.03K	SH	$63.61M 1.50%	296.91K	96.12K
INTERDIGITAL INC PA COMSOLE	COM	223.52K	SH	$63.28M 1.49%	168.03K	55.48K
ESCO TECHNOLOGIES INCSOLE	COM	179.80K	SH	$62.94M 1.48%	136.29K	43.51K
AXCELIS TECHNOLOGIES INCSOLE	COM	330.47K	SH	$62.61M 1.47%	249.63K	80.84K
PDF SOLUTIONS INCSOLE	COM	884.29K	SH	$62.60M 1.47%	670.73K	213.56K
PLEXUS CORPSOLE	COM	207.71K	SH	$62.45M 1.47%	157.33K	50.38K
COHU INCSOLE	COM	843.63K	SH	$62.35M 1.47%	641.56K	202.07K
COGENT BIOSCIENCES INCSOLE	COM	1.60M	SH	$62.05M 1.46%	1.22M	386.87K
ALLEGIANT TRAVEL COSOLE	COM	475.11K	SH	$55.87M 1.32%	357.85K	117.26K
LEGENCE CORPSOLE	COM	653.79K	SH	$55.72M 1.31%	494.67K	159.12K
MIRUM PHARMACEUTICALS INCSOLE	COM	468.30K	SH	$54.82M 1.29%	354.03K	114.26K
GUARDANT HEALTH INCSOLE	COM	364.02K	SH	$54.61M 1.29%	277.47K	86.55K
MODINE MANUFACTURING COSOLE	COM	202.75K	SH	$54.14M 1.27%	153.91K	48.85K
AXOS FINANCIAL INCSOLE	COM	536.16K	SH	$52.22M 1.23%	406.51K	129.65K
SOLARIS ENERGY INFRASTRUCTURE INCSOLE	COM	640.62K	SH	$51.54M 1.21%	495.41K	145.20K

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