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Asset Manager ← All Institutions

EMERALD ADVISERS, LLC

3175 OREGON PIKE, LEOLA, PA 17540 • 717-556-8900

Q3 2025 · Filed 2025-10-30
Market Value
$3.1B
+15.1%
Holdings
263
-4
New Purchases
21
Added To
48
Closed
13
Reduced
145
Top 10 Concentration
21.5%
Turnover
12.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BE 1.90% 0.34% +1.56% $58M
SMTC 0.98% 0.00% +0.98% $30M
AGX 0.76% 0.00% +0.76% $23M
EVLV 0.65% 0.00% +0.65% $20M
MOD 1.82% 1.20% +0.62% $56M
NKTR 0.60% 0.00% +0.60% $18M
HIMS 0.57% 0.00% +0.57% $17M
TVTX 1.68% 1.17% +0.51% $51M
CUBI 0.50% 0.00% +0.50% $15M
LASR 0.47% 0.00% +0.47% $14M
VC 0.46% 0.00% +0.46% $14M
RMBS 2.17% 1.71% +0.46% $66M
STRL 0.92% 0.48% +0.44% $28M
IONQ 0.92% 0.49% +0.43% $28M
MRCY 1.35% 0.93% +0.42% $41M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BRP 0.18% 1.30% -1.12% $6M
TMDX 1.42% 2.22% -0.80% $43M
PLMR 1.15% 1.87% -0.72% $35M
GTLS 0.00% 0.68% -0.68% $0
FRPT 0.68% 1.33% -0.66% $21M
FORM 0.00% 0.61% -0.61% $0
QTWO 1.19% 1.81% -0.61% $36M
PTLO 0.00% 0.57% -0.57% $17K
LPX 0.01% 0.53% -0.52% $265K
SKWD 1.07% 1.56% -0.50% $33M
WSBC 0.00% 0.46% -0.46% $28K
BJRI 0.55% 1.00% -0.44% $17M
BBIO 1.22% 1.66% -0.44% $37M
ETNB 0.26% 0.68% -0.42% $8M
MTSI 0.58% 0.99% -0.40% $18M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 26.9%
Industrials 23.7%
Healthcare 22.0%
Consumer Cyclical 10.3%
Financial Services 10.1%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 14 $42M 1.4%
Large Cap 101 $978M 32.0%
Mid Cap 93 $1.5B 48.0%
Small Cap 48 $558M 18.2%
Micro Cap 7 $12M 0.4%

Portfolio Analytics

Avg Market Cap
$127.4B
Median Market Cap
$7.0B
Avg P/E
53.7
Median P/E
28.6
Avg Dividend Yield
0.01%
Avg Beta
1.23
# Stocks
262
# ETFs / Funds
1

Top Holdings (263 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 KTOS 2.90% 968,851 $89M $91.37 $18M -541,567 -35.9%
2 CRDO 2.84% 597,134 $87M $145.61 $3M -314,380 -34.5%
3 AVAV 2.55% 247,507 $78M $314.89 $6M -5,179 -2.0%
4 RMBS 2.17% 637,754 $66M $104.20 $21M -72,369 -10.2%
5 LITE 1.94% 363,616 $59M $162.71 $17M -82,486 -18.5%
6 TTMI 1.90% 1,007,555 $58M $57.60 $752K -395,762 -28.2%
7 BE 1.90% 684,946 $58M $84.57 $49M +309,150 +82.3%
8 MOD 1.82% 391,719 $56M $142.16 $24M +69,162 +21.4%
9 GH 1.78% 873,203 $55M $62.48 $18M +173,281 +24.8%
10 VRNS 1.71% 910,641 $52M $57.47 $4M -32,062 -3.4%
11 TVTX 1.68% 2,146,767 $51M $23.90 $20M +55,407 +2.6%
12 RDNT 1.60% 642,167 $49M $76.21 $11M -30,189 -4.5%
13 SITM 1.60% 162,243 $49M $301.31 $17M +12,519 +8.4%
14 EYE 1.51% 1,578,960 $46M $29.19 $9M -42,965 -2.6%
15 TBBK 1.48% 602,580 $45M $74.89 $9M -23,833 -3.8%
16 AX 1.46% 528,912 $45M $84.65 $3M -24,679 -4.5%
17 TMDX 1.42% 387,588 $43M $112.20 -$15M -51,741 -11.8%
18 MRCY 1.35% 533,092 $41M $77.40 $17M +76,379 +16.7%
19 VITL 1.33% 990,625 $41M $41.15 $2M -24,600 -2.4%
20 FN 1.32% 110,673 $40M $364.62 $213K -25,545 -18.8%
21 OLLI 1.26% 301,024 $39M $128.40 -$2M -6,817 -2.2%
22 BBIO 1.22% 720,343 $37M $51.94 -$7M -300,914 -29.5%
23 VSEC 1.21% 223,291 $37M $166.24 $7M -3,493 -1.5%
24 QTWO 1.19% 502,949 $36M $72.39 -$12M -9,067 -1.8%
25 PLMR 1.15% 301,002 $35M $116.75 -$14M -20,145 -6.3%
26 IDCC 1.15% 101,776 $35M $345.23 -$4M -72,723 -41.7%
27 AGYS 1.14% 329,981 $35M $105.25 -$4M -7,121 -2.1%
28 AIR 1.07% 364,875 $33M $89.67 $10M +27,870 +8.3%
29 SKWD 1.07% 684,742 $33M $47.56 -$9M -33,018 -4.6%
30 MC 1.05% 451,497 $32M $71.32 $4M -6,509 -1.4%
31 AMSC 1.01% 521,183 $31M $59.39 $13M +21,129 +4.2%
32 SMTC 0.98% 419,094 $30M $71.45 +419,094 NEW
33 ESE 0.98% 141,419 $30M $211.11 $13M +52,379 +58.8%
34 CVLT 0.97% 156,894 $30M $188.78 $11M +50,470 +47.4%
35 ARLO 0.96% 1,734,271 $29M $16.95 -$284K -15,713 -0.9%
36 LIVN 0.94% 551,162 $29M $52.38 $5M +12,163 +2.3%
37 SPXC 0.94% 153,507 $29M $186.78 $6M +18,403 +13.6%
38 IONQ 0.92% 457,780 $28M $61.50 $15M +156,423 +51.9%
39 PI 0.92% 155,233 $28M $180.75 $11M -2,686 -1.7%
40 STRL 0.92% 82,582 $28M $339.68 $15M +27,627 +50.3%
41 RSI 0.90% 1,341,739 $27M $20.48 $10M +149,918 +12.6%
42 MIRM 0.89% 369,600 $27M $73.31 $12M +63,834 +20.9%
43 BOOT 0.87% 160,165 $27M $165.72 $2M -2,444 -1.5%
44 MIR 0.87% 1,137,165 $26M $23.26 $6M +171,920 +17.8%
45 ALGT 0.85% 427,718 $26M $60.77 $7M +81,987 +23.7%
46 ATI 0.83% 313,088 $25M $81.34 -$2M -5,775 -1.8%
47 SKYT 0.81% 1,332,108 $25M $18.66 $11M -30,875 -2.3%
48 UMBF 0.81% 209,563 $25M $118.35 $2M -3,518 -1.6%
49 SEI 0.81% 616,719 $25M $39.97 $7M -21,658 -3.4%
50 PDFS 0.80% 942,655 $24M $25.82 $4M -11,706 -1.2%
51 ATEC 0.78% 1,638,882 $24M $14.54 $5M -45,452 -2.7%
52 TREE 0.78% 366,894 $24M $64.73 $10M -15,084 -4.0%
53 AGX 0.76% 86,532 $23M $270.05 +86,532 NEW
54 MMSI 0.76% 280,622 $23M $83.23 -$4M -11,168 -3.8%
55 CRS 0.76% 94,819 $23M $245.54 -$4M -3,950 -4.0%
56 MDGL 0.76% 50,737 $23M $458.66 $7M -2,371 -4.5%
57 COGT 0.74% 1,579,496 $23M $14.36 $12M +133,722 +9.2%
58 COLL 0.73% 639,694 $22M $34.99 -$2M -197,855 -23.6%
59 WVE 0.72% 2,996,900 $22M $7.32 $766K -260,219 -8.0%
60 FOUR 0.70% 277,675 $21M $77.40 -$7M -5,329 -1.9%
61 FA 0.70% 1,388,500 $21M $15.39 -$2M -43,231 -3.0%
62 FRPT 0.68% 374,683 $21M $55.11 -$15M -146,492 -28.1%
63 NSSC 0.66% 466,165 $20M $42.95 $5M -53,595 -10.3%
64 EVLV 0.65% 2,619,822 $20M $7.55 +2,619,822 NEW
65 OSW 0.63% 915,428 $19M $21.14 $486K -9,835 -1.1%
66 CORT 0.63% 232,452 $19M $83.11 $2M -9,601 -4.0%
67 LTH 0.62% 688,568 $19M $27.60 -$2M -14,159 -2.0%
68 CWAN 0.60% 1,025,414 $18M $18.02 -$5M -46,893 -4.4%
69 NKTR 0.60% 323,246 $18M $56.90 +323,246 NEW
70 LIF 0.59% 170,529 $18M $106.30 -$223K -110,700 -39.4%
71 ARHS 0.58% 1,678,309 $18M $10.63 $3M -52,062 -3.0%
72 MTSI 0.58% 143,085 $18M $124.49 -$8M -39,563 -21.7%
73 HIMS 0.57% 305,921 $17M $56.72 +305,921 NEW
74 PWP 0.56% 803,654 $17M $21.32 $6M +235,448 +41.4%
75 BJRI 0.55% 555,576 $17M $30.53 -$10M -37,902 -6.4%
76 ONTO 0.54% 127,561 $16M $129.22 $3M -2,589 -2.0%
77 KALV 0.54% 1,351,254 $16M $12.18 $5M +313,205 +30.2%
78 TENB 0.53% 556,931 $16M $29.16 -$5M -62,065 -10.0%
79 AAOI 0.52% 609,645 $16M $25.93 -$127K -10,636 -1.7%
80 EVER 0.52% 689,253 $16M $22.87 $782K +69,668 +11.2%
81 CUBI 0.50% 231,753 $15M $65.37 +231,753 NEW
82 KLIC 0.48% 362,610 $15M $40.64 $460K -50,012 -12.1%
83 RHP 0.48% 163,528 $15M $89.59 -$3M -16,019 -8.9%
84 LASR 0.47% 486,481 $14M $29.63 $14M +481,596 +9858.7%
85 VC 0.46% 117,785 $14M $119.86 +117,785 NEW
86 QBTS 0.44% 547,249 $14M $24.71 $5M -10,814 -1.9%
87 AXSM 0.43% 108,942 $13M $121.45 $1M -3,527 -3.1%
88 FIVE 0.43% 85,158 $13M $154.70 $2M -3,400 -3.8%
89 FWRG 0.42% 821,090 $13M $15.64 $7M +436,252 +113.4%
90 COMP 0.42% 1,587,893 $13M $8.03 +1,587,893 NEW
91 SVRA 0.41% 3,529,324 $13M $3.57 $5M -5,044 -0.1%
92 RARE 0.41% 418,566 $13M $30.08 -$4M -42,836 -9.3%
93 TRIN 0.41% 806,171 $12M $15.48 $806K -23,539 -2.8%
94 ACAD 0.40% 569,671 $12M $21.34 -$620K -22,687 -3.8%
95 IPGP 0.39% 151,967 $12M $79.19 +151,967 NEW
96 IMAX 0.35% 329,172 $11M $32.75 +329,172 NEW
97 ITGR 0.35% 102,246 $11M $103.33 -$2M -1,578 -1.5%
98 SOC 0.34% 587,376 $10M $17.46 -$3M -24,237 -4.0%
99 NVDA 0.33% 53,270 $10M $186.58 $2M
100 BRCB 0.32% 415,046 $10M $23.86 +415,046 NEW

New Positions

SymbolValue% Port
SMTC $30M 0.98%
AGX $23M 0.76%
EVLV $20M 0.65%
NKTR $18M 0.60%
HIMS $17M 0.57%
CUBI $15M 0.50%
VC $14M 0.46%
COMP $13M 0.42%
IPGP $12M 0.39%
IMAX $11M 0.35%
BRCB $10M 0.32%
HTFL $7M 0.24%
CECO $6M 0.20%
LC $3M 0.11%
APP $840K 0.03%

Sold Out Positions

SymbolValue% Port
TRNO —%
LOAR —%
HNGE —%
GTLS —%
FLOC —%
GDRX —%
FORM —%
ADBE —%
MARA —%
TIGO —%
AMBA —%
SPT —%
ORRF —%
View SEC EDGAR Filings for EMERALD ADVISERS, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms