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Asset Manager ← All Institutions

EMERALD ADVISERS, LLC

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

Q4 2025 · Filed 2026-02-09
Market Value
$3.2B
+4.5%
Holdings
262
-1
New Purchases
12
Added To
65
Closed
22
Reduced
139
Top 10 Concentration
19.5%
Turnover
13.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
COGT 1.76% 0.74% +1.02% $56M
GH 2.76% 1.78% +0.97% $88M
TTI 0.84% 0.05% +0.79% $27M
SYNA 0.79% 0.00% +0.79% $25M
TRVI 0.74% 0.00% +0.74% $24M
CECO 0.86% 0.20% +0.66% $27M
IMAX 0.99% 0.35% +0.64% $32M
WVE 1.31% 0.72% +0.59% $42M
LMRI 0.54% 0.00% +0.54% $17M
BLLN 0.48% 0.00% +0.48% $15M
AVAH 0.45% 0.00% +0.45% $14M
LASR 0.92% 0.47% +0.45% $29M
ATRO 0.41% 0.00% +0.41% $13M
LIVN 1.35% 0.94% +0.41% $43M
CDNL 0.39% 0.00% +0.39% $12M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AVAV 1.60% 2.55% -0.95% $51M
KTOS 2.08% 2.90% -0.82% $66M
VRNS 0.93% 1.71% -0.78% $30M
RDNT 0.88% 1.60% -0.72% $28M
NSSC 0.00% 0.66% -0.66% $0
SITM 0.98% 1.60% -0.62% $31M
CRDO 2.24% 2.84% -0.61% $71M
LIF 0.00% 0.59% -0.59% $0
IDCC 0.56% 1.15% -0.59% $18M
CWAN 0.02% 0.60% -0.58% $669K
MTSI 0.00% 0.58% -0.58% $0
RHP 0.00% 0.48% -0.48% $76K
CORT 0.25% 0.63% -0.38% $8M
BE 1.52% 1.90% -0.37% $49M
RMBS 1.80% 2.17% -0.37% $58M

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 1.3%
Large Cap 98 $958M 30.0%
Mid Cap 92 $1.5B 47.4%
Small Cap 49 $660M 20.7%
Micro Cap 9 $18M 0.6%

Portfolio Analytics

Avg Market Cap
$127.4B
Median Market Cap
$6.4B
Avg P/E
53.5
Median P/E
28.2
Avg Dividend Yield
0.01%
Avg Beta
1.21
# Stocks
261
# ETFs / Funds
1

Top Holdings (262 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GH 2.76% 861,824 $88M $102.14 $33M -11,379 -1.3%
2 CRDO 2.24% 496,139 $71M $143.89 -$16M -100,995 -16.9%
3 KTOS 2.08% 875,063 $66M $75.91 -$22M -93,788 -9.7%
4 TTMI 1.98% 915,128 $63M $69.00 $5M -92,427 -9.2%
5 TVTX 1.91% 1,594,184 $61M $38.21 $10M -552,583 -25.7%
6 RMBS 1.80% 626,985 $58M $91.89 -$9M -10,769 -1.7%
7 COGT 1.76% 1,583,346 $56M $35.52 $34M +3,850 +0.2%
8 LITE 1.71% 147,925 $55M $368.59 -$5M -215,691 -59.3%
9 MOD 1.63% 389,935 $52M $133.51 -$4M -1,784 -0.5%
10 AVAV 1.60% 211,531 $51M $241.89 -$27M -35,976 -14.5%
11 FN 1.56% 109,289 $50M $455.28 $9M -1,384 -1.2%
12 BE 1.52% 559,063 $49M $86.89 -$9M -125,883 -18.4%
13 VSEC 1.51% 279,543 $48M $172.77 $11M +56,252 +25.2%
14 AX 1.41% 521,379 $45M $86.16 $150K -7,533 -1.4%
15 LIVN 1.35% 700,948 $43M $61.53 $14M +149,786 +27.2%
16 TMDX 1.34% 351,349 $43M $121.65 -$746K -36,239 -9.3%
17 MC 1.33% 615,594 $42M $68.74 $10M +164,097 +36.4%
18 WVE 1.31% 2,455,089 $42M $17.00 $20M -541,811 -18.1%
19 BBIO 1.28% 535,764 $41M $76.49 $4M -184,579 -25.6%
20 PLMR 1.27% 301,964 $41M $134.76 $6M +962 +0.3%
21 EYE 1.27% 1,564,955 $40M $25.82 -$6M -14,005 -0.9%
22 TBBK 1.26% 594,683 $40M $67.52 -$5M -7,897 -1.3%
23 AGYS 1.22% 328,431 $39M $118.84 $4M -1,550 -0.5%
24 MRCY 1.21% 531,115 $39M $73.01 -$2M -1,977 -0.4%
25 VITL 1.16% 1,162,022 $37M $31.94 -$4M +171,397 +17.3%
26 ATI 1.11% 307,552 $35M $114.76 $10M -5,536 -1.8%
27 AIR 1.09% 419,470 $35M $82.79 $2M +54,595 +15.0%
28 SMTC 1.09% 470,751 $35M $73.69 $5M +51,657 +12.3%
29 ATEC 1.08% 1,637,729 $34M $21.04 $11M -1,153 -0.1%
30 SKWD 1.05% 657,668 $34M $51.11 $1M -27,074 -4.0%
31 OLLI 1.02% 298,582 $33M $109.61 -$6M -2,442 -0.8%
32 ESE 1.02% 166,679 $33M $195.39 $3M +25,260 +17.9%
33 BOOT 1.00% 181,688 $32M $176.47 $6M +21,523 +13.4%
34 UMBF 0.99% 275,296 $32M $115.04 $7M +65,733 +31.4%
35 IMAX 0.99% 853,822 $32M $36.96 $21M +524,650 +159.4%
36 RSI 0.98% 1,606,049 $31M $19.43 $4M +264,310 +19.7%
37 SITM 0.98% 88,332 $31M $353.19 -$18M -73,911 -45.6%
38 AGX 0.96% 98,072 $31M $313.32 $7M +11,540 +13.3%
39 SPXC 0.96% 152,787 $31M $200.06 $2M -720 -0.5%
40 QTWO 0.95% 421,670 $30M $72.16 -$6M -81,279 -16.2%
41 EVLV 0.94% 4,171,243 $30M $7.16 $10M +1,551,421 +59.2%
42 ALGT 0.93% 349,945 $30M $85.27 $4M -77,773 -18.2%
43 VRNS 0.93% 907,764 $30M $32.80 -$23M -2,877 -0.3%
44 LASR 0.92% 781,877 $29M $37.51 $15M +295,396 +60.7%
45 COLL 0.91% 629,344 $29M $46.30 $7M -10,350 -1.6%
46 CRS 0.91% 92,448 $29M $314.84 $6M -2,371 -2.5%
47 MIRM 0.91% 367,134 $29M $78.99 $2M -2,466 -0.7%
48 ARLO 0.90% 2,059,864 $29M $13.99 -$578K +325,593 +18.8%
49 SEI 0.90% 626,692 $29M $45.97 $4M +9,973 +1.6%
50 RDNT 0.88% 394,715 $28M $71.35 -$21M -247,452 -38.5%
51 PI 0.87% 158,802 $28M $174.01 -$425K +3,569 +2.3%
52 CECO 0.86% 458,525 $27M $59.85 $21M +339,118 +284.0%
53 PDFS 0.84% 943,372 $27M $28.53 $3M +717 +0.1%
54 TTI 0.84% 2,855,302 $27M $9.37 $25M +2,605,893 +1044.8%
55 MIR 0.83% 1,137,146 $27M $23.42 $182K -19
56 FRPT 0.80% 417,400 $25M $60.93 $5M +42,717 +11.4%
57 STRL 0.79% 82,025 $25M $306.23 -$3M -557 -0.7%
58 SYNA 0.79% 339,113 $25M $74.02 +339,113 NEW
59 KLIC 0.77% 539,114 $25M $45.56 $10M +176,504 +48.7%
60 CUBI 0.76% 330,310 $24M $73.12 $9M +98,557 +42.5%
61 SKYT 0.75% 1,319,113 $24M $18.16 -$902K -12,995 -1.0%
62 TRVI 0.74% 1,892,276 $24M $12.52 +1,892,276 NEW
63 AAOI 0.73% 670,577 $23M $34.86 $8M +60,932 +10.0%
64 MDGL 0.71% 38,913 $23M $582.34 -$610K -11,824 -23.3%
65 AMSC 0.68% 757,568 $22M $28.78 -$9M +236,385 +45.4%
66 BJRI 0.68% 551,622 $22M $39.40 $5M -3,954 -0.7%
67 ACAD 0.68% 811,197 $22M $26.71 $10M +241,526 +42.4%
68 KALV 0.68% 1,340,495 $22M $16.15 $5M -10,759 -0.8%
69 CVLT 0.67% 171,885 $22M $125.36 -$8M +14,991 +9.6%
70 SVRA 0.66% 3,495,496 $21M $6.03 $8M -33,828 -1.0%
71 SYRE 0.65% 636,109 $21M $32.76 $12M +87,397 +15.9%
72 ARHS 0.65% 1,846,549 $21M $11.21 $3M +168,240 +10.0%
73 IONQ 0.64% 452,674 $20M $44.87 -$8M -5,106 -1.1%
74 MMSI 0.63% 226,514 $20M $88.14 -$3M -54,108 -19.3%
75 AXSM 0.62% 108,082 $20M $182.64 $7M -860 -0.8%
76 EVER 0.61% 720,686 $19M $27.00 $4M +31,433 +4.6%
77 ONTO 0.61% 122,613 $19M $157.86 $3M -4,948 -3.9%
78 TREE 0.60% 361,945 $19M $53.09 -$5M -4,949 -1.4%
79 FA 0.60% 1,309,933 $19M $14.53 -$2M -78,567 -5.7%
80 OSW 0.59% 912,932 $19M $20.74 -$418K -2,496 -0.3%
81 COMP 0.58% 1,739,511 $18M $10.57 $6M +151,618 +9.6%
82 LTH 0.57% 682,945 $18M $26.58 -$852K -5,623 -0.8%
83 IDCC 0.56% 55,850 $18M $318.38 -$17M -45,926 -45.1%
84 FOUR 0.55% 280,306 $18M $62.97 -$4M +2,631 +0.9%
85 CCB 0.55% 152,755 $18M $114.59 $11M +93,669 +158.5%
86 LMRI 0.54% 932,889 $17M $18.50 +932,889 NEW
87 PWP 0.54% 988,706 $17M $17.30 -$29K +185,052 +23.0%
88 NKTR 0.51% 384,342 $16M $42.28 -$2M +61,096 +18.9%
89 FIVE 0.51% 85,611 $16M $188.36 $3M +453 +0.5%
90 BLLN 0.48% 188,949 $15M $81.84 +188,949 NEW
91 FWRG 0.46% 978,408 $15M $15.08 $2M +157,318 +19.2%
92 LC 0.46% 778,208 $15M $18.94 $12M +566,334 +267.3%
93 IPGP 0.46% 204,050 $15M $71.60 $3M +52,083 +34.3%
94 AVAH 0.45% 1,748,725 $14M $8.17 +1,748,725 NEW
95 QBTS 0.44% 543,272 $14M $26.15 $684K -3,977 -0.7%
96 BRCB 0.43% 612,493 $14M $22.25 $4M +197,447 +47.6%
97 ATRO 0.41% 242,727 $13M $54.24 +242,727 NEW
98 CDNL 0.39% 513,355 $12M $24.18 +513,355 NEW
99 TRIN 0.37% 809,810 $12M $14.65 -$616K +3,639 +0.5%
100 VC 0.35% 116,770 $11M $95.10 -$3M -1,015 -0.9%

New Positions

SymbolValue% Port
SYNA $25M 0.79%
TRVI $24M 0.74%
LMRI $17M 0.54%
BLLN $15M 0.48%
AVAH $14M 0.45%
ATRO $13M 0.41%
CDNL $12M 0.39%
SBCF $6M 0.19%
BYRN $3M 0.09%
PXLW $411K 0.01%
ENVA $338K 0.01%
ADGI $222K 0.01%

Sold Out Positions

SymbolValue% Port
BOW —%
SOC —%
ABCB —%
CHDN —%
CBLL —%
KRRO —%
DUOL —%
LIF —%
GLNG —%
MTSI —%
BKR —%
NVCR —%
UEC —%
NSSC —%
ONB —%
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