EMERALD MUTUAL FUND ADVISERS TRUST

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
219
Total value ($000)
$1,936,772
Net value change ($000)
+294,784 (18.0%)
New positions
39
Sold out positions
32
Turnover %
9.7%
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 29,555 582.8%
SMTC 17,751 NEW
MOD 14,997 82.0%
KTOS 14,227 36.1%
AGX 14,138 NEW
RMBS 14,125 53.0%
NKTR 13,269 NEW
GH 13,102 60.6%
LITE 12,080 52.5%
MRCY 11,834 83.5%
Top Reduces (Value $000, Stocks/ETFs)
BWIN -18,751 -92.7%
PLMR -10,564 -36.1%
GTLS -10,384 -100.0%
FORM -9,387 -100.0%
PTLO -8,538 -100.0%
SLNO -8,304 -24.4%
FRPT -7,826 -38.7%
TMDX -7,506 -21.9%
SKWD -6,546 -26.0%
BBIO -6,513 -23.4%
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