Filed: 10/30/2025ACC: 0001104659-25-104193
📋 What this filing means
EMERALD MUTUAL FUND ADVISERS TRUST filed this quarterly 13F‑HR report disclosing 219 equity positions with a total reported market value of $1.94B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
219
Positions
$1.94B
Total AUM (reported)
47.12M
Total Shares
Allocation by class
COM$1.88B96.9%
FM EMERALD LIFE$59.38M3.1%
Portfolio Concentration
Top 3$163.90M8.5%
4–10$258.17M13.3%
11–25$398.56M20.6%
Rest$1.12B57.6%
Top 3 weight
8.5%
Top 10 weight
21.8%
Voting Authority Distribution
Total shares with voting rights: 47.12M
Sole
Full voting authority
47.12M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole219
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings219
Rows:
RBB FD INC
SOLEShares2M
TypeSH
Market value$59.38M
3.07%
Sole
2M
Shared
0.00
None
0.00
KRATOS DEFENSE AND SECURITY
SOLEShares586.78K
TypeSH
Market value$53.61M
2.77%
Sole
586.78K
Shared
0.00
None
0.00
CREDO TECHNOLOGY GROUP HOLDINGS
SOLEShares349.62K
TypeSH
Market value$50.91M
2.63%
Sole
349.62K
Shared
0.00
None
0.00
AEROVIRONMENT INC
SOLEShares141.56K
TypeSH
Market value$44.58M
2.30%
Sole
141.56K
Shared
0.00
None
0.00
RAMBUS INC
SOLEShares391.21K
TypeSH
Market value$40.76M
2.10%
Sole
391.21K
Shared
0.00
None
0.00
TTM TECHNOLOGIES INC
SOLEShares609.37K
TypeSH
Market value$35.10M
1.81%
Sole
609.37K
Shared
0.00
None
0.00
LUMENTUM HOLDINGS INC
SOLEShares215.68K
TypeSH
Market value$35.09M
1.81%
Sole
215.68K
Shared
0.00
None
0.00
GUARDANT HEALTH INC
SOLEShares556.01K
TypeSH
Market value$34.74M
1.79%
Sole
556.01K
Shared
0.00
None
0.00
BLOOM ENERGY CO
SOLEShares409.44K
TypeSH
Market value$34.63M
1.79%
Sole
409.44K
Shared
0.00
None
0.00
MODINE MANUFACTURING CO
SOLEShares234.08K
TypeSH
Market value$33.28M
1.72%
Sole
234.08K
Shared
0.00
None
0.00
VARONIS SYSTEMS INC
SOLEShares555.88K
TypeSH
Market value$31.95M
1.65%
Sole
555.88K
Shared
0.00
None
0.00
SITIME CORPORATION
SOLEShares98.69K
TypeSH
Market value$29.74M
1.54%
Sole
98.69K
Shared
0.00
None
0.00
AXOS FINANCIAL INC
SOLEShares341.26K
TypeSH
Market value$28.89M
1.49%
Sole
341.26K
Shared
0.00
None
0.00
TRAVERE THERAPEUTICS INC
SOLEShares1.20M
TypeSH
Market value$28.70M
1.48%
Sole
1.20M
Shared
0.00
None
0.00
RADNET INC
SOLEShares372.78K
TypeSH
Market value$28.41M
1.47%
Sole
372.78K
Shared
0.00
None
0.00
NATIONAL VISION HOLDINGS
SOLEShares966.27K
TypeSH
Market value$28.21M
1.46%
Sole
966.27K
Shared
0.00
None
0.00
TRANSMEDICS GROUP INC
SOLEShares238.44K
TypeSH
Market value$26.75M
1.38%
Sole
238.44K
Shared
0.00
None
0.00
THE BANCORP INC
SOLEShares357.10K
TypeSH
Market value$26.74M
1.38%
Sole
357.10K
Shared
0.00
None
0.00
MERCURY SYSTEMS INC
SOLEShares336.06K
TypeSH
Market value$26.01M
1.34%
Sole
336.06K
Shared
0.00
None
0.00
SOLENO THERAPEUTICS INC
SOLEShares379.90K
TypeSH
Market value$25.68M
1.33%
Sole
379.90K
Shared
0.00
None
0.00
VITAL FARMS INC
SOLEShares618.57K
TypeSH
Market value$25.45M
1.31%
Sole
618.57K
Shared
0.00
None
0.00
FABRINET
SOLEShares65.82K
TypeSH
Market value$24.00M
1.24%
Sole
65.82K
Shared
0.00
None
0.00
OLLIE'S BARGAIN OUTLET HOLDINGS
SOLEShares185.62K
TypeSH
Market value$23.83M
1.23%
Sole
185.62K
Shared
0.00
None
0.00
VSE CORPORATION
SOLEShares135.52K
TypeSH
Market value$22.53M
1.16%
Sole
135.52K
Shared
0.00
None
0.00
AGILYSYS INC
SOLEShares205.86K
TypeSH
Market value$21.67M
1.12%
Sole
205.86K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
RBB FD INCSOLE | FM EMERALD LIFE | 2M | SH | $59.38M 3.07% | 2M | 0.00 | 0.00 |
KRATOS DEFENSE AND SECURITYSOLE | COM | 586.78K | SH | $53.61M 2.77% | 586.78K | 0.00 | 0.00 |
CREDO TECHNOLOGY GROUP HOLDINGSSOLE | COM | 349.62K | SH | $50.91M 2.63% | 349.62K | 0.00 | 0.00 |
AEROVIRONMENT INCSOLE | COM | 141.56K | SH | $44.58M 2.30% | 141.56K | 0.00 | 0.00 |
RAMBUS INCSOLE | COM | 391.21K | SH | $40.76M 2.10% | 391.21K | 0.00 | 0.00 |
TTM TECHNOLOGIES INCSOLE | COM | 609.37K | SH | $35.10M 1.81% | 609.37K | 0.00 | 0.00 |
LUMENTUM HOLDINGS INCSOLE | COM | 215.68K | SH | $35.09M 1.81% | 215.68K | 0.00 | 0.00 |
GUARDANT HEALTH INCSOLE | COM | 556.01K | SH | $34.74M 1.79% | 556.01K | 0.00 | 0.00 |
BLOOM ENERGY COSOLE | COM | 409.44K | SH | $34.63M 1.79% | 409.44K | 0.00 | 0.00 |
MODINE MANUFACTURING COSOLE | COM | 234.08K | SH | $33.28M 1.72% | 234.08K | 0.00 | 0.00 |
VARONIS SYSTEMS INCSOLE | COM | 555.88K | SH | $31.95M 1.65% | 555.88K | 0.00 | 0.00 |
SITIME CORPORATIONSOLE | COM | 98.69K | SH | $29.74M 1.54% | 98.69K | 0.00 | 0.00 |
AXOS FINANCIAL INCSOLE | COM | 341.26K | SH | $28.89M 1.49% | 341.26K | 0.00 | 0.00 |
TRAVERE THERAPEUTICS INCSOLE | COM | 1.20M | SH | $28.70M 1.48% | 1.20M | 0.00 | 0.00 |
RADNET INCSOLE | COM | 372.78K | SH | $28.41M 1.47% | 372.78K | 0.00 | 0.00 |
NATIONAL VISION HOLDINGSSOLE | COM | 966.27K | SH | $28.21M 1.46% | 966.27K | 0.00 | 0.00 |
TRANSMEDICS GROUP INCSOLE | COM | 238.44K | SH | $26.75M 1.38% | 238.44K | 0.00 | 0.00 |
THE BANCORP INCSOLE | COM | 357.10K | SH | $26.74M 1.38% | 357.10K | 0.00 | 0.00 |
MERCURY SYSTEMS INCSOLE | COM | 336.06K | SH | $26.01M 1.34% | 336.06K | 0.00 | 0.00 |
SOLENO THERAPEUTICS INCSOLE | COM | 379.90K | SH | $25.68M 1.33% | 379.90K | 0.00 | 0.00 |
VITAL FARMS INCSOLE | COM | 618.57K | SH | $25.45M 1.31% | 618.57K | 0.00 | 0.00 |
FABRINETSOLE | COM | 65.82K | SH | $24.00M 1.24% | 65.82K | 0.00 | 0.00 |
OLLIE'S BARGAIN OUTLET HOLDINGSSOLE | COM | 185.62K | SH | $23.83M 1.23% | 185.62K | 0.00 | 0.00 |
VSE CORPORATIONSOLE | COM | 135.52K | SH | $22.53M 1.16% | 135.52K | 0.00 | 0.00 |
AGILYSYS INCSOLE | COM | 205.86K | SH | $21.67M 1.12% | 205.86K | 0.00 | 0.00 |
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