EMERALD ADVISERS, LLC

Q4 2025 13F-HR Holdings

Location
Leola, PA
Holdings as of
12/31/2025
Date filed
2/9/2026
Form type
13F-HR
Num holdings
246
Total value ($000)
$3,245,776
Net value change ($000)
+126,266 (4.0%)
New positions
13
Sold out positions
23
Turnover %
8.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/30/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
COGT 33,558 147.9%
GH 33,469 61.3%
PIPR 27,994 NEW
TTI 25,320 1765.7%
SYNA 25,101 NEW
TRVI 23,691 NEW
CECO 21,329 348.9%
IMAX 20,777 192.7%
WAVE LIFE SCIENCES LTD 19,800 90.3%
LMRI 17,258 NEW
Top Reduces (Value $000, Stocks/ETFs)
AVAV -26,770 -34.3%
SLNO -23,330 -55.0%
VRNS -22,560 -43.1%
KTOS -22,098 -25.0%
RDNT -20,777 -42.5%
NSSC -20,022 -100.0%
LIF -18,127 -100.0%
MTSI -17,813 -100.0%
CWAN -17,809 -96.4%
SITM -17,687 -36.2%
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