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Portfolio (Quarterly) Guide ↗

EMERALD MUTUAL FUND ADVISERS TRUST

· CIK 0001352895
13F Portfolio $2.8B AUM 197 positions Filed Aug 5, 2026 EDGAR ↗ ← All Funds
Q2 2026 · All 197 New
Page 4 of 10  ·  197 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 TBBK THE BANCORP INC Financial Services 328,845.0 $20.6M 0.72% NEW $62.64 +9.1%
62 AAOI APPLIED OPTOELECTRONICS INC Technology 136,959.0 $20.3M 0.71% NEW $148.16 -11.3%
63 TMDX TRANSMEDICS GROUP INC Healthcare 302,074.0 $20.1M 0.70% NEW $66.42 +36.5%
64 PVLA PALVELLA THERAPEUTICS INC Healthcare 129,847.0 $19.8M 0.70% NEW $152.82 -1.6%
65 BJRI BJ'S RESTAURANT INC Consumer Cyclical 322,573.0 $19.6M 0.69% NEW $60.73 +7.5%
66 CUBI CUSTOMERS BANCORP INC Financial Services 240,511.0 $19.0M 0.67% NEW $79.10 +2.1%
67 HNGE HINGE HEALTH INC Healthcare 228,197.0 $18.9M 0.67% NEW $83.00 +6.3%
68 AVAV AEROVIRONMENT INC Industrials 114,482.0 $18.9M 0.66% NEW $165.07 +5.5%
69 RMBS RAMBUS INC Technology 139,275.0 $18.5M 0.65% NEW $132.74 -29.4%
70 MTRN MATERION CORP Basic Materials 61,247.0 $18.2M 0.64% NEW $297.39 -11.2%
71 LC HAPPEN INC Financial Services 871,131.0 $18.1M 0.64% NEW $20.74 -3.8%
72 CVLT COMMVAULT SYSTEMS INC Technology 126,126.0 $17.9M 0.63% NEW $141.73 +0.8%
73 QBTS D-WAVE QUANTUM INC Technology 744,084.0 $17.9M 0.63% NEW $23.99 -18.6%
74 NKTR NEKTAR THERAPEUTICS Healthcare 255,587.0 $17.8M 0.63% NEW $69.81 +5.5%
75 ARLO ARLO TECHNOLOGIES Industrials 1,270,713.0 $17.1M 0.60% NEW $13.48 -0.7%
76 NPK INTERNATIONAL INC 1,074,368.0 $17.1M 0.60% NEW $15.91
77 OSW ONESPAWORLD HOLDINGS LIMITED Consumer Cyclical 600,025.0 $16.9M 0.59% NEW $28.24 -7.3%
78 BOBS BOBS DISCOUNT FURNITURE Consumer Cyclical 1,049,648.0 $16.6M 0.58% NEW $15.82 +16.2%
79 AXSM AXSOME THERAPEUTICS INC Healthcare 67,195.0 $16.4M 0.58% NEW $244.77 -11.9%
80 PIPR PIPER SANDLER CO Financial Services 225,192.0 $16.3M 0.57% NEW $72.34 +3.6%
Page 4 of 10  ·  197 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 27.7%
Industrials 22.8%
Healthcare 22.8%
Financial Services 10.2%
Consumer Cyclical 8.8%
Energy 2.2%
Consumer Defensive 2.1%
Basic Materials 1.8%
Communication Services 1.2%
Utilities 0.4%