EMERALD ADVISERS, LLC

Q3 2025 13F-HR Holdings

Location
Leola, PA
Holdings as of
9/30/2025
Date filed
10/30/2025
Form type
13F-HR
Num holdings
257
Total value ($000)
$3,119,510
Net value change ($000)
+391,134 (14.3%)
New positions
22
Sold out positions
14
Turnover %
8.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/4/2025 Next filing: 2/9/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BE 48,937 544.4%
SMTC 29,944 NEW
MOD 23,915 75.3%
AGX 23,368 NEW
RMBS 20,992 46.2%
TVTX 20,356 65.8%
EVLV 19,780 NEW
NKTR 18,393 NEW
KTOS 18,365 26.2%
GH 18,134 49.8%
Top Reduces (Value $000, Stocks/ETFs)
BWIN -29,001 -84.0%
GTLS -17,947 -100.0%
FORM -16,310 -100.0%
TMDX -15,387 -26.1%
PTLO -15,078 -99.9%
FRPT -14,770 -41.7%
PLMR -14,395 -29.1%
SLNO -13,940 -24.7%
LPX -13,805 -98.1%
WSBC -12,103 -99.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type