13F HOLDINGS REPORT
EMERALD MUTUAL FUND ADVISERS TRUST
Quarter ended Q1 2025 · Filed May 1, 2025 · Accession 0001104659-25-043302
Total Value
$1.41B
Positions
210
Other Managers
0
Confidential Omitted
No
Holdings (210)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | RBB FD INC | 74933W221 | 1,997,035 | $44.8M | 3.18% |
| 2 | PALOMAR HOLDINGS INC | PLMR | 227,166 | $31.1M | 2.21% |
| 3 | FTAI AVIATION LTD | FTAIN | 273,120 | $30.3M | 2.15% |
| 4 | CREDO TECHNOLOGY GROUP HOLDINGS | CRDO | 748,851 | $30.1M | 2.13% |
| 5 | SKYWARD SPECIALTY INSURANCE | 830940102 | 542,531 | $28.7M | 2.04% |
| 6 | INSMED INC | INSM | 353,831 | $27.0M | 1.92% |
| 7 | SOLENO THERAPEUTICS INC | SLNO | 371,697 | $26.6M | 1.88% |
| 8 | KRATOS DEFENSE AND SECURITY | 50077B207 | 892,816 | $26.5M | 1.88% |
| 9 | FRESHPET INC | FRPT | 313,297 | $26.1M | 1.85% |
| 10 | BRIDGEBIO PHARMA INC | BBIO | 724,354 | $25.0M | 1.78% |
| 11 | CHART INDS INC | 16115Q308 | 163,172 | $23.6M | 1.67% |
| 12 | AXOS FINANCIAL INC | AX | 364,026 | $23.5M | 1.67% |
| 13 | Q2 HOLDINGS INC | QTWO | 290,445 | $23.2M | 1.65% |
| 14 | BLUEPRINT MEDICINES CORP | 09627Y109 | 250,158 | $22.1M | 1.57% |
| 15 | VARONIS SYSTEMS INC | VRNS | 542,982 | $22.0M | 1.56% |
| 16 | CARPENTER TECHNOLOGY CORP | CRS | 121,112 | $21.9M | 1.56% |
| 17 | RADNET INC | RDNT | 431,013 | $21.4M | 1.52% |
| 18 | BALDWIN INSURANCE GROUP INC | 05589G102 | 454,140 | $20.3M | 1.44% |
| 19 | TRAVERE THERAPEUTICS INC | TVTX | 1,121,886 | $20.1M | 1.43% |
| 20 | MERIT MED SYS INC | 589889104 | 188,750 | $20.0M | 1.42% |
| 21 | OLLIE'S BARGAIN OUTLET HOLDINGS | 681116109 | 169,219 | $19.7M | 1.40% |
| 22 | INTERDIGITAL INC PA COM | IDCC | 90,576 | $18.7M | 1.33% |
| 23 | LIVANOVA PLC | LIVN | 472,535 | $18.6M | 1.32% |
| 24 | VITAL FARMS INC | VITL | 603,874 | $18.4M | 1.31% |
| 25 | TTM TECHNOLOGIES INC | TTMI | 886,701 | $18.2M | 1.29% |
| 26 | ALLEGHENY TECHNOLOGIES INC | ATI | 349,023 | $18.2M | 1.29% |
| 27 | TRANSMEDICS GROUP INC | TMDX | 262,571 | $17.7M | 1.25% |
| 28 | MOELIS & CO | MC | 301,224 | $17.6M | 1.25% |
| 29 | COLLEGIUM PHARMACEUTICAL INC | COLL | 574,080 | $17.1M | 1.22% |
| 30 | FABRINET | FN | 85,983 | $17.0M | 1.20% |
| 31 | THE BANCORP INC | TBBK | 314,744 | $16.6M | 1.18% |
| 32 | RAMBUS INC | RMBS | 306,106 | $15.8M | 1.12% |
| 33 | AAR CORPORATION | AIR | 281,061 | $15.7M | 1.12% |
| 34 | AEROVIRONMENT INC | AVAV | 131,076 | $15.6M | 1.11% |
| 35 | WAVE LIFE SCIENCES LTD | WVE | 1,930,820 | $15.6M | 1.11% |
| 36 | LUMENTUM HOLDINGS INC | LITE | 241,570 | $15.1M | 1.07% |
| 37 | GUARDANT HEALTH INC | GH | 327,283 | $13.9M | 0.99% |
| 38 | LOUISIANA-PACIFIC CORPORATION | LPX | 143,500 | $13.2M | 0.94% |
| 39 | MODINE MANUFACTURING CO | 607828100 | 170,090 | $13.1M | 0.93% |
| 40 | SHIFT4 PAYMENTS INC | 82452J109 | 158,005 | $12.9M | 0.92% |
| 41 | LENDINGTREE INC | TREE | 249,505 | $12.5M | 0.89% |
| 42 | TENABLE HOLDING | 88025T102 | 353,378 | $12.4M | 0.88% |
| 43 | ULTRAGENYX PHARMACEUTICAL INC | RARE | 340,975 | $12.3M | 0.88% |
| 44 | LIFETIME GROUP HOLDINGS INC | LTH | 401,433 | $12.1M | 0.86% |
| 45 | PDF SOLUTIONS INC | PDFS | 618,410 | $11.8M | 0.84% |
| 46 | MADRIGAL PHARMACEUTICALS INC | MDGL | 35,238 | $11.7M | 0.83% |
| 47 | MACOM TECHNOLOGY SOLUTIONS | 55405Y100 | 109,225 | $11.0M | 0.78% |
| 48 | BJ'S RESTAURANT INC | BJRI | 316,073 | $10.8M | 0.77% |
| 49 | SPX TECHNOLOGIES INC | SPXC | 82,750 | $10.7M | 0.76% |
| 50 | FORMFACTOR INC | FORM | 374,610 | $10.6M | 0.75% |
| 51 | ALPHATEC HOLDINGS INC | ATEC | 1,003,778 | $10.2M | 0.72% |
| 52 | FIRST ADVANTAGE CORP | FA | 714,147 | $10.1M | 0.71% |
| 53 | AGILYSYS INC | AGYS | 138,671 | $10.1M | 0.71% |
| 54 | RYMAN HOSPITALITY PROPERTIES | 78377T107 | 107,561 | $9.8M | 0.70% |
| 55 | ARLO TECHNOLOGIES | ARLO | 970,408 | $9.6M | 0.68% |
| 56 | RXO INC | RXO | 495,184 | $9.5M | 0.67% |
| 57 | BOOT BARN HOLDINGS INC | BOOT | 87,593 | $9.4M | 0.67% |
| 58 | ONESPAWORLD HOLDINGS LIMITED | OSW | 541,182 | $9.1M | 0.64% |
| 59 | COGENT COMMUNICATIONS HOLDINGS | CCOI | 144,344 | $8.8M | 0.63% |
| 60 | TRINITY CAPITAL INC | TRINZ | 577,713 | $8.8M | 0.62% |
| 61 | PORTILLOS INC | 73642K106 | 731,603 | $8.7M | 0.62% |
| 62 | UMB FINANCIAL CORP | 902788108 | 85,212 | $8.6M | 0.61% |
| 63 | IMPINJ INC | PI | 94,017 | $8.5M | 0.61% |
| 64 | VSE CORPORATION | VSECU | 71,024 | $8.5M | 0.60% |
| 65 | ALLEGIANT TRAVEL CO | ALGT | 163,148 | $8.4M | 0.60% |
| 66 | ORTHOFIX MEDICAL INC | OFIX | 514,524 | $8.4M | 0.60% |
| 67 | EVERQUOTE INC | EVER | 320,097 | $8.4M | 0.59% |
| 68 | AKERO THERAPEUTCS INC | 00973Y108 | 207,035 | $8.4M | 0.59% |
| 69 | ACADIA PHARMACEUTICALS INC | ACAD | 495,084 | $8.2M | 0.58% |
| 70 | ARHAUS INC | ARHS | 934,333 | $8.1M | 0.58% |
| 71 | NATIONAL VISION HOLDINGS | EYE | 626,442 | $8.0M | 0.57% |
| 72 | 89BIO INC | 282559103 | 1,082,973 | $7.9M | 0.56% |
| 73 | CHURCHILL DOWNS INC | CHDN | 68,482 | $7.6M | 0.54% |
| 74 | SOLARIS ENERGY INFRASTRUCTURE INC | SEI | 341,874 | $7.4M | 0.53% |
| 75 | SITIME CORPORATION | SITM | 48,461 | $7.4M | 0.53% |
| 76 | MIRION TECHNOLOGIES INC | MIR | 507,116 | $7.4M | 0.52% |
| 77 | CLEARWATER ANALYTICS HDS | CWAN | 272,437 | $7.3M | 0.52% |
| 78 | KALVISTA PHARMACEUTICALS INC | KALV | 608,213 | $7.0M | 0.50% |
| 79 | BOWHEAD SPECIALTY HOLDINGS | BOW | 161,812 | $6.6M | 0.47% |
| 80 | KULICKE AND SOFFA INDUSTRIES | 501242101 | 198,592 | $6.5M | 0.46% |
| 81 | SPYRE THERAPEUTICS | SYRE | 389,422 | $6.3M | 0.45% |
| 82 | NEOGENOMICS INC | NEO | 654,281 | $6.2M | 0.44% |
| 83 | COASTAL FINANCIAL CORP | 19046P209 | 64,873 | $5.9M | 0.42% |
| 84 | NOVOCURE LTD | NVCR | 323,960 | $5.8M | 0.41% |
| 85 | BIOHAVEN LTD | BHVN | 238,361 | $5.7M | 0.41% |
| 86 | CACTUS INC | WHD | 124,407 | $5.7M | 0.40% |
| 87 | APPLIED OPTOELECTRONICS INC | AAOI | 370,996 | $5.7M | 0.40% |
| 88 | COMMVAULT SYSTEMS INC | CVLT | 35,812 | $5.6M | 0.40% |
| 89 | LIFE360 INC | LIFX | 146,893 | $5.6M | 0.40% |
| 90 | SAVARA INC | SVRA | 2,014,456 | $5.6M | 0.40% |
| 91 | FULTON FINL CORP PA | 360271100 | 292,127 | $5.3M | 0.37% |
| 92 | NAPCO SECURITY | 630402105 | 221,174 | $5.1M | 0.36% |
| 93 | CVRx INC | CVRX | 369,672 | $4.5M | 0.32% |
| 94 | FIRST BUSEY CORP | BUSEP | 205,771 | $4.4M | 0.32% |
| 95 | SABLE OFFSHORE CORP | SOC | 174,154 | $4.4M | 0.31% |
| 96 | CORCEPT THERAPEUTICS INC | CORT | 37,818 | $4.3M | 0.31% |
| 97 | SKYWATER TECHNOLOGY INC | SKYT | 602,297 | $4.3M | 0.30% |
| 98 | BLOOM ENERGY CO | BE | 212,174 | $4.2M | 0.30% |
| 99 | MID PENN BANCORP INC | MPB | 156,338 | $4.1M | 0.29% |
| 100 | INFINITY NATURAL RESOURCES | 456941103 | 210,579 | $3.9M | 0.28% |
| 101 | PERELLA WEINBERG PARTNERS | PWP | 206,426 | $3.8M | 0.27% |
| 102 | WESBANCO INC | WSBCO | 121,022 | $3.7M | 0.27% |
| 103 | RUSH STREET INTERACTIVE INC | RSI | 348,043 | $3.7M | 0.26% |
| 104 | FIRST FINL BANCSHARES INC | 32020R109 | 101,872 | $3.7M | 0.26% |
| 105 | FLOWCO HOLDINGS INC | FLOC | 136,904 | $3.5M | 0.25% |
| 106 | AMERIS BANCORP | ABCB | 53,607 | $3.1M | 0.22% |
| 107 | UTZ BRANDS INC | UTZ | 217,010 | $3.1M | 0.22% |
| 108 | SPROUT SOCIAL INC | SPT | 133,395 | $2.9M | 0.21% |
| 109 | STEWART INFORMATION SERVICES | 860372101 | 40,902 | $2.9M | 0.21% |
| 110 | PROFICIENT AUTO LOGISTICS INC | PAL | 323,289 | $2.7M | 0.19% |
| 111 | NORTHEAST BANCORP | 66405S100 | 24,238 | $2.2M | 0.16% |
| 112 | MARATHON DIGITAL HOLDINGS INC | MARA | 181,526 | $2.1M | 0.15% |
| 113 | METROPOLITAN BANK HOLDING CO | 591774104 | 36,457 | $2.0M | 0.14% |
| 114 | INTEGER HOLDINGS CORP | ITGR | 17,114 | $2.0M | 0.14% |
| 115 | KINSALE CAPITAL GROUP INC | 49714P108 | 4,028 | $2.0M | 0.14% |
| 116 | NVIDIA CORPORATION | NVDA | 17,350 | $1.9M | 0.13% |
| 117 | MICROSOFT CORP | MSFT | 4,320 | $1.6M | 0.12% |
| 118 | FINWISE BANCORP | FINW | 85,424 | $1.5M | 0.11% |
| 119 | CERIBELL INC | CBLL | 77,835 | $1.5M | 0.11% |
| 120 | APPLE INC | AAPL | 6,604 | $1.5M | 0.10% |
| 121 | ORRSTOWN FINL SVCS INC | 687380105 | 48,861 | $1.5M | 0.10% |
| 122 | WESTERN ALLIANCE BANCORP | WAL-PA | 17,931 | $1.4M | 0.10% |
| 123 | SAREPTA THERAPEUTICS INC | SRPT | 21,386 | $1.4M | 0.10% |
| 124 | ESQUIRE FINANCIAL HOLDINGS | 29667J101 | 17,640 | $1.3M | 0.09% |
| 125 | LATHAM GROUP INC | SWIM | 193,582 | $1.2M | 0.09% |
| 126 | URANIUM ENERGY CORPORATION | UEC | 256,309 | $1.2M | 0.09% |
| 127 | PATHWARD FINANCIAL INC | CASH | 16,572 | $1.2M | 0.09% |
| 128 | NORWOOD FINANCIAL CORP | NWFL | 47,500 | $1.1M | 0.08% |
| 129 | AMAZON.COM, INC | AMZN | 5,977 | $1.1M | 0.08% |
| 130 | MECHANICS BANK RICHMOND CA | 583614102 | 53 | $1.1M | 0.08% |
| 131 | WINTRUST FINANCIAL CORP | 97650W108 | 9,990 | $1.1M | 0.08% |
| 132 | GLOBUS MEDICAL INC | GMED | 13,476 | $986,443 | 0.07% |
| 133 | ALPHABET INC CLA A | GOOG | 6,256 | $967,428 | 0.07% |
| 134 | CNB FINL CORP PA | 126128107 | 42,886 | $954,214 | 0.07% |
| 135 | QCR HOLDINGS INC | QCRH | 13,110 | $935,005 | 0.07% |
| 136 | PINNACLE FINL PARTNERS INC | 72346Q104 | 8,482 | $899,431 | 0.06% |
| 137 | META PLATFORMS INC | META | 1,560 | $899,122 | 0.06% |
| 138 | KEYCORP | 493267108 | 53,343 | $852,955 | 0.06% |
| 139 | INSTALLED BUILDING PRODUCTS | 45780R101 | 4,894 | $839,125 | 0.06% |
| 140 | ZEVIA PBC | ZVIA | 381,007 | $822,975 | 0.06% |
| 141 | FIVE BELOW | FIVE | 10,594 | $793,755 | 0.06% |
| 142 | UNITED THERAPEUTICS CORP DEL | UTHR | 2,547 | $785,164 | 0.06% |
| 143 | MIDWESTONE FINANCIAL GROUP INC | 598511103 | 25,000 | $740,250 | 0.05% |
| 144 | SOUTHSTATE CORP | SSB | 7,930 | $736,063 | 0.05% |
| 145 | BURKE & HERBERT FINANCIAL | 12135Y108 | 13,080 | $733,919 | 0.05% |
| 146 | VERITEX HOLDINGS INC | 923451108 | 28,953 | $722,956 | 0.05% |
| 147 | THIRD COAST BANCSHARES INC | TCBX | 19,108 | $637,634 | 0.05% |
| 148 | BROADCOM LTD | AVGO | 3,782 | $633,220 | 0.04% |
| 149 | BOWMAN CONSULTING GROUP LTD | BWMN | 28,842 | $629,621 | 0.04% |
| 150 | CONNECTONE BANCORP INC | CNOBP | 25,356 | $616,404 | 0.04% |
| 151 | EAST WEST BANCORP INC | EWBC | 6,314 | $566,745 | 0.04% |
| 152 | OLD NATL BANCORP IND | 680033107 | 26,520 | $561,959 | 0.04% |
| 153 | SELECTIVE INSURANCE GROUP INC | 816300107 | 6,059 | $554,641 | 0.04% |
| 154 | PORCH GROUP INC | PRCH | 72,535 | $528,780 | 0.04% |
| 155 | LINKBANCORP INC | LNKB | 76,139 | $516,222 | 0.04% |
| 156 | COMMUNITY HERITAGE FINANCIAL INC | 20370L103 | 20,772 | $509,953 | 0.04% |
| 157 | FIVE STAR BANCORP | FSBC | 18,040 | $501,512 | 0.04% |
| 158 | SYNOVUS FINANCIAL CORP | 87161C501 | 10,408 | $486,470 | 0.03% |
| 159 | F N B CORP PA | 302520101 | 35,331 | $475,202 | 0.03% |
| 160 | FIRST CITIZENS BANCSHARES INC CL A | 31946M103 | 250 | $463,530 | 0.03% |
| 161 | COMPASS INC | COMP | 51,103 | $446,129 | 0.03% |
| 162 | BYLINE BANCORP INC | BY | 16,270 | $425,623 | 0.03% |
| 163 | CARTER BANCSHARES INC | CARE | 22,070 | $357,093 | 0.03% |
| 164 | COMMUNITY WEST BANCSHARES | CWBC | 19,168 | $354,225 | 0.03% |
| 165 | ELI LILLY & CO | LLY | 424 | $350,186 | 0.02% |
| 166 | TJX COS. | 872540109 | 2,657 | $323,623 | 0.02% |
| 167 | NETFLIX INC | NFLX | 334 | $311,465 | 0.02% |
| 168 | FIRST HORIZON NATL CORP | FHN-PH | 15,631 | $303,554 | 0.02% |
| 169 | HOMESTREET INC | MCHB | 25,572 | $300,215 | 0.02% |
| 170 | CHENIERE ENERGY INC | LNG | 1,195 | $276,523 | 0.02% |
| 171 | SUPER MICRO COMPUTER INC | SMCI | 7,640 | $261,594 | 0.02% |
| 172 | VISA INC-CLASS A | V | 739 | $258,990 | 0.02% |
| 173 | COSTCO WHOLESALE CORP | 22160K105 | 262 | $247,794 | 0.02% |
| 174 | TECHNIPFMC PLC | FTI | 7,611 | $241,193 | 0.02% |
| 175 | ZIONS BANCORPORATION | 989701107 | 4,828 | $240,724 | 0.02% |
| 176 | AMERICAN SEMICONDUCTOR CORP | AMSC | 12,597 | $228,510 | 0.02% |
| 177 | SANDY SPRING BANCORP INC | 800363103 | 8,088 | $226,060 | 0.02% |
| 178 | ROBINHOOD MARKETS INC | 770700102 | 5,419 | $225,539 | 0.02% |
| 179 | NORWEGIAN CRUISE LINE HOLDINGS LTD | NCLH | 11,143 | $211,271 | 0.01% |
| 180 | TETRA TECHNOLOGIES | 88162F105 | 60,759 | $204,150 | 0.01% |
| 181 | PRIVATE BANCORP OF AMERICA INC | 74274F100 | 3,676 | $201,849 | 0.01% |
| 182 | PALO ALTO NETWORKS, INC | PANW | 1,133 | $193,335 | 0.01% |
| 183 | 1ST MERCHANTS | FRMEP | 4,767 | $192,777 | 0.01% |
| 184 | FIFTH THIRD BANCORP | FITBM | 4,530 | $177,576 | 0.01% |
| 185 | SELECT ENERGY SERVICES INC | WTTR | 16,320 | $171,360 | 0.01% |
| 186 | SERVICENOW INC | NOW | 215 | $171,170 | 0.01% |
| 187 | GBANK FINANCIAL HOLDINGS INC | 36166F100 | 4,478 | $167,477 | 0.01% |
| 188 | ATLANTIC UNION BANKSHARES CORP | 04911A107 | 5,295 | $164,886 | 0.01% |
| 189 | TWFG INC | TWFG | 4,900 | $151,459 | 0.01% |
| 190 | PINTEREST INC | PINS | 4,883 | $151,373 | 0.01% |
| 191 | ASML HOLDING N.V. | ASMLF | 214 | $141,803 | 0.01% |
| 192 | TESLA MOTORS, INC | TSLA | 535 | $138,651 | 0.01% |
| 193 | DOORDASH INC | DASH | 747 | $136,529 | 0.01% |
| 194 | M&T BANK CORP | 55261F104 | 727 | $129,951 | 0.01% |
| 195 | MASTEC INC | MTZ | 1,086 | $126,747 | 0.01% |
| 196 | HOME BANCSHARES INC | HOMB | 4,282 | $121,052 | 0.01% |
| 197 | UNITED BANKSHARES INC | UNTCW | 3,472 | $120,374 | 0.01% |
| 198 | BROOKLINE BANCORP INC | 11373M107 | 10,923 | $119,061 | 0.01% |
| 199 | MONGODB INC | MDB | 641 | $112,431 | 0.01% |
| 200 | ASTERA LABS INC | ALAB | 1,781 | $106,272 | 0.01% |
| 201 | GENIUS SPORTS LIMITED | GENI | 9,777 | $97,868 | 0.01% |
| 202 | ORACLE SYS CORP | ORCL-PD | 690 | $96,469 | 0.01% |
| 203 | TAKE TWO INTERACTIVE SOFTWARE | TTWO | 389 | $80,620 | 0.01% |
| 204 | DATADOG INC | DDOG | 806 | $79,963 | 0.01% |
| 205 | HUNTINGTON BANCSHARES INC | HBANP | 5,275 | $79,178 | 0.01% |
| 206 | INDIE SEMICONDUCTOR INC | INDI | 35,277 | $71,789 | 0.01% |
| 207 | QUANTERIX CORP | QTRX | 8,277 | $53,883 | 0.00% |
| 208 | COMSTOCK RESOURCES INC | LODE | 2,547 | $51,806 | 0.00% |
| 209 | COINBASE GLOBAL INC | COIN | 258 | $44,435 | 0.00% |
| 210 | CORE SCIENTIFIC INC | 21874A106 | 5,282 | $38,242 | 0.00% |