Q2 2026 13F · SEC CIK 1352895

Emerald Mutual Fund Advisers Trust

Mutual fund managerFiled 2026-08-05 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.8B
Reported positions: 197
Top holdings a year, 3 yrs: +44.3%
Assets under management: $2.1B

Emerald Mutual Fund Advisers Trust is a mutual fund manager that reported 197 positions worth $2.8B in its Q2 2026 13F, filed 2026-08-05. Its largest holdings were Rbb Fd Inc (LFSC, 3.2%), Travere Therapeutics Inc (TVTX, 2.1%), Cardinal Infrastructure Group (CDNL, 1.8%). A portfolio copying its top holdings returned 44.3% a year over the last 3 years, against 20.4% for the S&P 500.

Emerald Mutual Fund Advisers Trust holdings largest 50 of 197 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Emerald Mutual Fund Advisers Trust 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
LFSCRbb Fd Inc	3.2%	3.4%	1,997,035	+0.0%	$90.3M
TVTXTravere Therapeutics Inc	2.1%	1.4%	1,032,024	+9.2%	$58.6M
CDNLCardinal Infrastructure Group	1.8%	—	549,297	—	$51.7M
MRCYMercury Sys Inc	1.8%	1.3%	412,354	+9.8%	$50.4M
AIRAar Corp	1.7%	1.5%	337,416	+20.4%	$48.2M
VSECVse Corp	1.7%	1.8%	209,628	+7.0%	$47.9M
KLICKulicke & Soffa Industries Inc	1.6%	1.1%	349,295	+0.0%	$46.7M
AGXArgan Inc	1.6%	1.6%	58,115	-1.4%	$46.4M
CECOCeco Environmental Corp	1.5%	0.9%	471,220	+50.1%	$42.8M
IDCCInterdigital Inc	1.5%	0.9%	148,255	+144.3%	$42.0M
SMTCSemtech Corp	1.5%	1.1%	257,359	-9.7%	$41.7M
ACLSAxcelis Technologies Inc	1.5%	—	219,443	—	$41.6M
ESEEsco Technologies Inc	1.4%	1.3%	116,457	+18.2%	$40.8M
GHGuardant Health Inc	1.4%	2.3%	271,380	-47.8%	$40.7M
LIVNLivanova PLC	1.4%	1.4%	492,868	+8.5%	$40.5M
PLXSPlexus Corp	1.4%	1.0%	134,746	+31.7%	$40.5M
CORTCorcept Therapeutics Inc	1.4%	—	464,902	—	$40.4M
PDFSPDF Solutions Inc	1.4%	0.9%	566,429	-4.7%	$40.1M
COGTCogent Biosciences Inc	1.4%	1.9%	1,031,378	+0.2%	$39.9M
COHUCohu Inc	1.4%	—	533,619	—	$39.4M
ALGTAllegiant Travel	1.3%	—	313,661	—	$36.9M
LGNLegence Corp	1.3%	—	425,628	—	$36.3M
AXAxos Financial Inc	1.3%	1.4%	366,712	+8.9%	$35.7M
SYRESpyre Therapeutics	1.3%	1.0%	401,271	-1.7%	$35.6M
MODModine Manufacturing Co	1.2%	2.5%	131,187	-44.4%	$35.0M
MIRMMirum Pharmaceuticals Inc	1.2%	1.1%	289,372	+15.6%	$33.9M
UMBFUmb Finl Corp	1.2%	0.9%	235,696	+48.6%	$33.6M
SOISolaris Energy Infrastructure Inc	1.1%	0.9%	405,313	+28.8%	$32.6M
BOOTBoot Barn Hldgs Inc	1.1%	0.9%	197,079	+52.5%	$32.4M
LASRNlight Inc	1.1%	1.2%	448,422	+4.3%	$31.2M
RSIRush Street Interactive Inc	1.1%	1.0%	1,007,943	+2.7%	$30.0M
AGYSAgilysys Inc	1.0%	—	277,666	—	$29.0M
SXTSensient Technologies Corp	1.0%	—	235,343	—	$29.0M
COMPCompass Inc	0.9%	—	2,185,814	—	$27.0M
ATROAstronics Corp	0.9%	0.9%	327,295	+17.2%	$26.6M
TTMITtm Technologies Inc	0.9%	2.2%	142,120	-69.8%	$26.6M
FRPTFreshpet Inc	0.9%	0.9%	446,119	+48.2%	$26.4M
LTHLife Time Group Holdings Inc	0.9%	—	632,840	—	$25.8M
MANEVeradermics Inc	0.9%	—	209,924	—	$25.8M
TEXTerex Corp New	0.9%	—	356,029	—	$25.8M
FAFirst Advantage Corp	0.9%	—	1,425,858	—	$25.7M
IPGPIpg Photonics Corp	0.9%	1.1%	210,791	+9.5%	$24.7M
EYENational Vision Hldgs Inc	0.9%	1.2%	1,298,228	+38.5%	$24.7M
BLLNBilliontoone Inc	0.9%	—	203,990	—	$24.5M
DIODDiodes Inc	0.9%	—	221,380	—	$24.2M
HRIHerc Hldgs Inc	0.9%	—	168,972	—	$24.2M
CYTKCytokinetics	0.8%	—	279,769	—	$23.8M
MXLMaxlinear Inc	0.8%	—	182,695	—	$23.4M
VRNSVaronis Sys Inc	0.8%	—	555,882	—	$23.3M
TRVITrevi Therapeutics Inc	0.8%	—	1,210,965	—	$22.6M

What Emerald Mutual Fund Advisers Trust bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +67.2% /yr; S&P 500 +20.1%
3 years: +44.3% /yr; S&P 500 +20.4%
5 years: +15.9% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$2.8B	197
Q1 2026	$2.1B	199
Q4 2025	$2.1B	189
Q3 2025	$1.9B	219
Q2 2025	$1.6B	212
Q1 2025	$1.4B	209
Q4 2024	$1.6B	212
Q3 2024	$1.9B	225
Q2 2024	$1.9B	223
Q1 2024	$1.9B	229
Q4 2023	$1.9B	240
Q3 2023	$1.7B	236

Questions about Emerald Mutual Fund Advisers Trust's portfolio

What stocks does Emerald Mutual Fund Advisers Trust own?

Emerald Mutual Fund Advisers Trust's latest 13F, for Q2 2026 and filed Aug 5, 2026, lists 197 positions worth $2.8B. The largest are Rbb Fd Inc (LFSC) at 3.2%, Travere Therapeutics Inc (TVTX) at 2.1%, Cardinal Infrastructure Group (CDNL) at 1.8%, Mercury Sys Inc (MRCY) at 1.8% and Aar Corp (AIR) at 1.7%.

What did Emerald Mutual Fund Advisers Trust buy last quarter?

In Q2 2026, Emerald Mutual Fund Advisers Trust added Interdigital Inc (IDCC) (+144.3% shares), Boot Barn Hldgs Inc (BOOT) (+52.5% shares) and Ceco Environmental Corp (CECO) (+50.1% shares), compared with its Q1 2026 filing.

What did Emerald Mutual Fund Advisers Trust sell last quarter?

In Q2 2026, Emerald Mutual Fund Advisers Trust cut from its top 50 Bloom Energy Corp (BE), cut from its top 50 Kratos Defense & Security Solutions Inc (KTOS), cut from its top 50 Fabrinet (FN), cut from its top 50 Credo Technology Group Holdi (CRDO), cut from its top 50 Rambus Inc Del (RMBS), Ttm Technologies Inc (TTMI) (-69.8% shares), Guardant Health Inc (GH) (-47.8% shares) and Modine Manufacturing Co (MOD) (-44.4% shares), compared with its Q1 2026 filing.

How has Emerald Mutual Fund Advisers Trust's portfolio performed?

A portfolio copying Emerald Mutual Fund Advisers Trust's 20 largest 13F holdings each quarter, from the day each filing was public, returned +44.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +67.2% against +20.1%. Over 5 years: +15.9% a year against +11.6%.

When is Emerald Mutual Fund Advisers Trust's next 13F filing due?

13F filings are due 45 days after each quarter ends. Emerald Mutual Fund Advisers Trust's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Emerald Mutual Fund Advisers Trust manage?

Emerald Mutual Fund Advisers Trust reported $2.1B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $2.8B.