EMERALD MUTUAL FUND ADVISERS TRUST

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
189
Total value ($000)
$2,052,863
Net value change ($000)
+116,091 (6.0%)
New positions
19
Sold out positions
49
Turnover %
9.9%
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 22,199 151.1%
GH 18,775 54.0%
PIPR 16,729 NEW
TRVI 15,930 NEW
TTI 15,806 5066.0%
SYNA 15,460 NEW
IMAX 14,547 297.3%
LFSC 13,739 23.1%
CECO 11,919 324.1%
WAVE LIFE SCIENCES LTD 11,121 86.0%
Top Reduces (Value $000, Stocks/ETFs)
SLNO -14,917 -58.1%
AVAV -14,171 -31.8%
KTOS -13,972 -26.1%
VRNS -13,714 -42.9%
IDCC -11,462 -54.2%
SITM -11,079 -37.3%
LIF -11,052 -100.0%
CWAN -10,682 -100.0%
RDNT -10,484 -36.9%
MTSI -9,882 -100.0%
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