EMERALD MUTUAL FUND ADVISERS TRUST
CIK 0001352895
Annualised vol
9.387604%
Beta
0.195496
HHI
107.360643
Top-10 weight
18.451873%
VaR 95%
0.720745%
VaR 99%
1.782062%
Max drawdown
17.698476%
Matched value
85.448511%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| TVTX | ADDED | 1,032,024 | 945,033 | 9.21% | 58,629,283 |
| CDNL | ADDED | 549,297 | 359,063 | 52.98% | 51,743,777 |
| MRCY | ADDED | 412,354 | 375,472 | 9.82% | 50,443,265 |
| AIR | ADDED | 337,416 | 280,257 | 20.4% | 48,226,869 |
| VSEC | ADDED | 209,628 | 195,915 | 7.0% | 47,899,998 |
| AGX | REDUCED | 58,115 | 58,943 | -1.4% | 46,407,733 |
| CECO | ADDED | 471,220 | 314,005 | 50.07% | 42,758,503 |
| SMTC | REDUCED | 257,359 | 285,037 | -9.71% | 41,653,554 |
| ACLS | ADDED | 219,443 | 47,412 | 362.84% | 41,573,476 |
| ESE | ADDED | 116,457 | 98,502 | 18.23% | 40,764,608 |
| GH | REDUCED | 271,380 | 519,545 | -47.77% | 40,715,141 |
| LIVN | ADDED | 492,868 | 454,329 | 8.48% | 40,528,536 |
| PLXS | ADDED | 134,746 | 102,278 | 31.74% | 40,514,080 |
| CORT | ADDED | 464,902 | 179,607 | 158.84% | 40,423,229 |
| PDFS | REDUCED | 566,429 | 594,610 | -4.74% | 40,097,509 |
| COGT | ADDED | 1,031,378 | 1,028,832 | 0.25% | 39,914,329 |
| COHU | ADDED | 533,619 | 489,850 | 8.94% | 39,439,780 |
| ALGT | ADDED | 313,661 | 211,825 | 48.08% | 36,886,534 |
| LGN | NEW | 425,628 | - | - | 36,276,274 |
| AX | ADDED | 366,712 | 336,740 | 8.9% | 35,714,082 |
| SYRE | REDUCED | 401,271 | 408,113 | -1.68% | 35,624,839 |
| MOD | REDUCED | 131,187 | 236,071 | -44.43% | 35,029,553 |
| MIRM | ADDED | 289,372 | 250,399 | 15.56% | 33,876,780 |
| UMBF | ADDED | 235,696 | 158,617 | 48.59% | 33,647,961 |
| SEI | ADDED | 405,313 | 314,782 | 28.76% | 32,611,484 |
| BOOT | ADDED | 197,079 | 129,260 | 52.47% | 32,374,167 |
| ATRO | ADDED | 392,754 | 279,159 | 40.69% | 31,570,846 |
| LASR | ADDED | 448,422 | 429,772 | 4.34% | 31,219,140 |
| RSI | ADDED | 1,007,943 | 981,901 | 2.65% | 29,976,225 |
| AGYS | ADDED | 277,666 | 205,857 | 34.88% | 29,016,097 |
| SXT | NEW | 235,343 | - | - | 29,015,438 |
| COMP | ADDED | 2,185,814 | 1,462,683 | 49.44% | 26,951,087 |
| TTMI | REDUCED | 142,120 | 470,005 | -69.76% | 26,579,282 |
| FRPT | ADDED | 446,119 | 300,932 | 48.25% | 26,374,555 |
| MANE | ADDED | 209,924 | 109,283 | 92.09% | 25,808,057 |
| TEX | NEW | 356,029 | - | - | 25,772,939 |
| FA | ADDED | 1,425,858 | 672,716 | 111.96% | 25,736,737 |
| IPGP | ADDED | 210,791 | 192,457 | 9.53% | 24,730,000 |
| EYE | ADDED | 1,298,228 | 937,540 | 38.47% | 24,679,314 |
| BLLN | ADDED | 203,990 | 132,206 | 54.3% | 24,474,720 |
| HRI | NEW | 168,972 | - | - | 24,220,446 |
| MXL | NEW | 182,695 | - | - | 23,390,441 |
| VRNS | UNCHANGED | 555,882 | 555,882 | 0.0% | 23,324,809 |
| TRVI | REDUCED | 1,210,965 | 1,262,492 | -4.08% | 22,584,497 |
| MC | UNCHANGED | 342,465 | 342,465 | 0.0% | 22,404,060 |
| OLLI | ADDED | 290,675 | 197,473 | 47.2% | 22,347,094 |
| TTI | ADDED | 1,970,377 | 1,641,276 | 20.05% | 22,324,371 |
| SYNA | REDUCED | 177,551 | 208,859 | -14.99% | 22,057,161 |
| ONTO | REDUCED | 57,893 | 70,930 | -18.38% | 21,909,606 |
| RXO | ADDED | 761,015 | 275,932 | 175.8% | 20,996,404 |
| IMAX | UNCHANGED | 525,986 | 525,986 | 0.0% | 20,965,802 |
| PLMR | ADDED | 163,622 | 163,270 | 0.22% | 20,680,185 |
| AAOI | REDUCED | 136,959 | 271,760 | -49.6% | 20,291,845 |
| TMDX | ADDED | 302,074 | 229,326 | 31.72% | 20,063,755 |
| PVLA | ADDED | 129,847 | 105,820 | 22.71% | 19,843,219 |
| CUBI | REDUCED | 240,511 | 242,313 | -0.74% | 19,024,420 |
| HNGE | ADDED | 228,197 | 181,766 | 25.54% | 18,940,351 |
| AVAV | ADDED | 114,482 | 112,407 | 1.85% | 18,897,544 |
| RMBS | REDUCED | 139,275 | 307,248 | -54.67% | 18,487,364 |
| MTRN | NEW | 61,247 | - | - | 18,214,245 |
| HAPN | NEW | 871,131 | - | - | 18,067,257 |
| CVLT | ADDED | 126,126 | 124,233 | 1.52% | 17,875,838 |
| QBTS | ADDED | 744,084 | 358,640 | 107.47% | 17,850,575 |
| NKTR | REDUCED | 255,587 | 256,106 | -0.2% | 17,842,528 |
| ARLO | ADDED | 1,270,713 | 1,256,289 | 1.15% | 17,129,211 |
| NPKI | NEW | 1,074,368 | - | - | 17,093,195 |
| OSW | UNCHANGED | 600,025 | 600,025 | 0.0% | 16,944,706 |
| AXSM | ADDED | 67,195 | 67,054 | 0.21% | 16,447,320 |
| PIPR | UNCHANGED | 225,192 | 225,192 | 0.0% | 16,290,389 |
| PI | UNCHANGED | 111,287 | 111,287 | 0.0% | 15,939,637 |
| MIR | UNCHANGED | 873,466 | 873,466 | 0.0% | 15,661,245 |
| SKWD | REDUCED | 266,150 | 401,899 | -33.78% | 15,529,853 |
| EVLV | UNCHANGED | 2,667,589 | 2,667,589 | 0.0% | 15,472,016 |
| RDNT | ADDED | 250,764 | 250,597 | 0.07% | 15,464,616 |
| SVRA | ADDED | 2,375,999 | 2,368,669 | 0.31% | 14,636,154 |
| POWI | ADDED | 172,196 | 61,294 | 180.93% | 14,423,137 |
| AMBQ | NEW | 159,131 | - | - | 14,051,267 |
| HIMS | NEW | 398,842 | - | - | 13,827,852 |
| ARHS | ADDED | 1,576,486 | 990,215 | 59.21% | 13,274,012 |
| CCB | UNCHANGED | 156,664 | 156,664 | 0.0% | 12,143,027 |
| ALMR | NEW | 422,127 | - | - | 11,435,420 |
| EE | ADDED | 299,991 | 189,165 | 58.59% | 11,396,658 |
| ATEC | ADDED | 1,258,086 | 1,156,826 | 8.75% | 10,882,444 |
| FWRG | ADDED | 823,954 | 569,418 | 44.7% | 10,620,767 |
| LPTH | NEW | 607,882 | - | - | 9,938,871 |
| TRIN | UNCHANGED | 549,260 | 549,260 | 0.0% | 9,826,261 |
| QTWO | UNCHANGED | 203,815 | 203,815 | 0.0% | 9,803,502 |
| TREE | UNCHANGED | 218,269 | 218,269 | 0.0% | 9,667,134 |
| EVER | REDUCED | 397,268 | 411,606 | -3.48% | 9,451,006 |
| SLDE | UNCHANGED | 459,820 | 459,820 | 0.0% | 8,906,713 |
| AVAH | REDUCED | 967,108 | 975,919 | -0.9% | 8,288,116 |
| CRVS | ADDED | 526,389 | 459,253 | 14.62% | 7,864,252 |
| VC | ADDED | 75,500 | 61,970 | 21.83% | 7,490,355 |
| WHK | NEW | 263,810 | - | - | 7,339,194 |
| AVEX | NEW | 341,108 | - | - | 7,125,746 |
| DFTX | NEW | 121,249 | - | - | 5,703,553 |
| MPB | UNCHANGED | 162,411 | 162,411 | 0.0% | 5,658,399 |
| AMBA | NEW | 65,731 | - | - | 5,639,720 |
| FCBM | NEW | 414,090 | - | - | 5,482,552 |
| FLOC | UNCHANGED | 231,287 | 231,287 | 0.0% | 4,935,665 |
| WVE | ADDED | 847,999 | 814,529 | 4.11% | 4,926,874 |
| WSBC | ADDED | 120,647 | 90,898 | 32.73% | 4,708,852 |
| HAWK | NEW | 205,363 | - | - | 4,152,440 |
| BRCB | UNCHANGED | 453,734 | 453,734 | 0.0% | 3,761,455 |
| MTUS | REDUCED | 196,964 | 237,910 | -17.21% | 3,681,257 |
| GBFH | UNCHANGED | 118,000 | 118,000 | 0.0% | 3,576,580 |
| BWMN | ADDED | 95,573 | 77,533 | 23.27% | 2,790,732 |
| HTFL | REDUCED | 94,099 | 131,262 | -28.31% | 2,760,865 |
| EROC | NEW | 182,249 | - | - | 2,642,611 |
| SWIM | REDUCED | 351,654 | 642,554 | -45.27% | 2,275,201 |
| ESQ | UNCHANGED | 18,513 | 18,513 | 0.0% | 2,205,083 |
| MCB | REDUCED | 21,735 | 23,069 | -5.78% | 2,146,549 |
| CASH | UNCHANGED | 21,450 | 21,450 | 0.0% | 1,867,437 |
| TWST | ADDED | 18,050 | 17,850 | 1.12% | 1,856,984 |
| NP | REDUCED | 55,248 | 82,879 | -33.34% | 1,740,312 |
| CBLL | ADDED | 89,348 | 88,354 | 1.13% | 1,737,819 |
| CRDO | REDUCED | 5,730 | 301,337 | -98.1% | 1,558,274 |
| WTFC | UNCHANGED | 8,733 | 8,733 | 0.0% | 1,403,568 |
| BBIO | REDUCED | 18,741 | 320,211 | -94.15% | 1,395,830 |
| GMED | ADDED | 16,440 | 16,258 | 1.12% | 1,298,924 |
| QCRH | UNCHANGED | 13,110 | 13,110 | 0.0% | 1,276,259 |
| INSM | ADDED | 11,218 | 8,230 | 36.31% | 1,196,063 |
| HOOD | REDUCED | 11,694 | 19,876 | -41.17% | 1,172,674 |
| WAY | ADDED | 55,775 | 55,155 | 1.12% | 1,145,061 |
| SEZL | NEW | 6,378 | - | - | 1,094,656 |
| LMRI | REDUCED | 96,046 | 653,342 | -85.3% | 1,083,399 |
| AMZN | NEW | 4,504 | - | - | 1,073,483 |
| MCHB | UNCHANGED | 60,462 | 60,462 | 0.0% | 961,346 |
| FRBT | NEW | 50,000 | - | - | 914,500 |
| OPFI | NEW | 91,433 | - | - | 907,930 |
| TTWO | ADDED | 3,587 | 2,683 | 33.69% | 896,678 |
| FIGR | UNCHANGED | 27,860 | 27,860 | 0.0% | 855,581 |
| PRCH | UNCHANGED | 56,315 | 56,315 | 0.0% | 846,978 |
| KRRO | ADDED | 63,562 | 62,855 | 1.12% | 837,747 |
| EWBC | UNCHANGED | 6,314 | 6,314 | 0.0% | 815,074 |
| MVBF | UNCHANGED | 27,293 | 27,293 | 0.0% | 791,770 |
| FINW | UNCHANGED | 54,364 | 54,364 | 0.0% | 788,278 |
| TCBX | UNCHANGED | 19,108 | 19,108 | 0.0% | 771,963 |
| MTZ | ADDED | 1,853 | 1,703 | 8.81% | 770,959 |
| NEO | ADDED | 43,554 | 43,071 | 1.12% | 635,453 |
| AVGO | ADDED | 1,675 | 1,539 | 8.84% | 632,731 |
| RELY | UNCHANGED | 28,159 | 28,159 | 0.0% | 631,043 |
| SBUX | ADDED | 5,925 | 3,813 | 55.39% | 605,476 |
| PGY | REDUCED | 29,648 | 74,640 | -60.28% | 541,076 |
| MDB | ADDED | 1,591 | 1,463 | 8.75% | 534,417 |
| AFRM | UNCHANGED | 6,520 | 6,520 | 0.0% | 531,706 |
| BWXT | ADDED | 2,651 | 2,435 | 8.87% | 516,017 |
| INDI | ADDED | 113,971 | 104,624 | 8.93% | 511,730 |
| BSVN | UNCHANGED | 10,435 | 10,435 | 0.0% | 510,793 |
| P | NEW | 6,454 | - | - | 508,511 |
| FSBC | UNCHANGED | 10,289 | 10,289 | 0.0% | 500,971 |
| FICO | ADDED | 397 | 365 | 8.77% | 474,328 |
| FTAI | REDUCED | 1,721 | 1,776 | -3.1% | 465,582 |
| RKT | REDUCED | 28,548 | 54,049 | -47.18% | 449,631 |
| ABCB | UNCHANGED | 4,442 | 4,442 | 0.0% | 400,935 |
| MATW | ADDED | 14,704 | 13,503 | 8.89% | 395,832 |
| IVVD | UNCHANGED | 428,847 | 428,847 | 0.0% | 374,126 |
| BA | ADDED | 1,709 | 1,573 | 8.65% | 369,947 |
| TSSI | NEW | 28,456 | - | - | 350,009 |
| BE | REDUCED | 1,135 | 352,178 | -99.68% | 343,565 |
| PBAM | UNCHANGED | 3,676 | 3,676 | 0.0% | 272,024 |
| BOW | UNCHANGED | 8,914 | 8,914 | 0.0% | 266,796 |
| PXLW | ADDED | 40,561 | 37,237 | 8.93% | 252,898 |
| AII | REDUCED | 11,624 | 171,429 | -93.22% | 218,880 |
| NCNO | NEW | 7,612 | - | - | 124,456 |
| TWFG | UNCHANGED | 4,900 | 4,900 | 0.0% | 117,845 |
| PWP | REDUCED | 5,763 | 621,774 | -99.07% | 91,977 |
| OPEN | UNCHANGED | 16,576 | 16,576 | 0.0% | 76,581 |
| SOC | ADDED | 11,337 | 5,344 | 112.14% | 34,918 |
| BYRN | CLOSED OUT | 0 | 320,151 | -100.0% | 0 |
| COLL | CLOSED OUT | 0 | 306,074 | -100.0% | 0 |
| IONQ | CLOSED OUT | 0 | 277,668 | -100.0% | 0 |
| XERS | CLOSED OUT | 0 | 207,543 | -100.0% | 0 |
| ATI | CLOSED OUT | 0 | 93,847 | -100.0% | 0 |
| SPXC | CLOSED OUT | 0 | 93,074 | -100.0% | 0 |
| FN | CLOSED OUT | 0 | 65,010 | -100.0% | 0 |
| STRL | CLOSED OUT | 0 | 48,875 | -100.0% | 0 |
| FIVE | CLOSED OUT | 0 | 47,695 | -100.0% | 0 |
| SITM | CLOSED OUT | 0 | 41,170 | -100.0% | 0 |
| CRS | CLOSED OUT | 0 | 35,876 | -100.0% | 0 |
| NWFL | CLOSED OUT | 0 | 25,000 | -100.0% | 0 |
| ITGR | CLOSED OUT | 0 | 16,593 | -100.0% | 0 |
| ACAD | CLOSED OUT | 0 | 16,576 | -100.0% | 0 |
| MDGL | CLOSED OUT | 0 | 16,500 | -100.0% | 0 |
| CHYM | CLOSED OUT | 0 | 15,488 | -100.0% | 0 |
| BMNR | CLOSED OUT | 0 | 11,558 | -100.0% | 0 |
| GLNG | CLOSED OUT | 0 | 9,171 | -100.0% | 0 |
| BUSE | CLOSED OUT | 0 | 7,000 | -100.0% | 0 |
| BLSH | CLOSED OUT | 0 | 5,000 | -100.0% | 0 |
| SHOP | CLOSED OUT | 0 | 4,053 | -100.0% | 0 |
| MIAX | CLOSED OUT | 0 | 2,500 | -100.0% | 0 |
| CRCL | CLOSED OUT | 0 | 2,282 | -100.0% | 0 |
| COIN | CLOSED OUT | 0 | 1,251 | -100.0% | 0 |
| LITE | CLOSED OUT | 0 | 1,243 | -100.0% | 0 |
| KNSL | CLOSED OUT | 0 | 533 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | RBB FD INC | FM EMERALD LIFE | 74933W221 | 90,272,572 | 3.17 | 1997035.0 | |
| TVTX | ADDED | TRAVERE THERAPEUTICS INC | COM | 89422G107 | 58,629,283 | 2.06 | 1032024.0 |
| CDNL | ADDED | CARDINAL INFRASTRUCTURE GROUP | COM | 14154A102 | 51,743,777 | 1.82 | 549297.0 |
| MRCY | ADDED | MERCURY SYSTEMS INC | COM | 589378108 | 50,443,265 | 1.77 | 412354.0 |
| AIR | ADDED | AAR CORPORATION | COM | 000361105 | 48,226,869 | 1.69 | 337416.0 |
| VSEC | ADDED | VSE CORPORATION | COM | 918284100 | 47,899,998 | 1.68 | 209628.0 |
| - | KULICKE AND SOFFA INDUSTRIES | COM | 501242101 | 46,721,699 | 1.64 | 349295.0 | |
| AGX | REDUCED | ARGAN INC | COM | 04010E109 | 46,407,733 | 1.63 | 58115.0 |
| CECO | ADDED | CECO ENVIRONMENTAL CORP | COM | 125141101 | 42,758,503 | 1.5 | 471220.0 |
| - | INTERDIGITAL INC PA COM | COM | 45867G101 | 41,975,438 | 1.48 | 148255.0 | |
| SMTC | REDUCED | SEMTECH CORP | COM | 816850101 | 41,653,554 | 1.46 | 257359.0 |
| ACLS | ADDED | AXCELIS TECHNOLOGIES INC | COM | 054540208 | 41,573,476 | 1.46 | 219443.0 |
| ESE | ADDED | ESCO TECHNOLOGIES INC | COM | 296315104 | 40,764,608 | 1.43 | 116457.0 |
| GH | REDUCED | GUARDANT HEALTH INC | COM | 40131M109 | 40,715,141 | 1.43 | 271380.0 |
| LIVN | ADDED | LIVANOVA PLC | COM | G5509L101 | 40,528,536 | 1.42 | 492868.0 |
| PLXS | ADDED | PLEXUS CORP | COM | 729132100 | 40,514,080 | 1.42 | 134746.0 |
| CORT | ADDED | CORCEPT THERAPEUTICS INC | COM | 218352102 | 40,423,229 | 1.42 | 464902.0 |
| PDFS | REDUCED | PDF SOLUTIONS INC | COM | 693282105 | 40,097,509 | 1.41 | 566429.0 |
| COGT | ADDED | COGENT BIOSCIENCES INC | COM | 19240Q201 | 39,914,329 | 1.4 | 1031378.0 |
| COHU | ADDED | COHU INC | COM | 192576106 | 39,439,780 | 1.39 | 533619.0 |
| ALGT | ADDED | ALLEGIANT TRAVEL CO | COM | 01748X102 | 36,886,534 | 1.3 | 313661.0 |
| LGN | NEW | LEGENCE CORP | COM | 52476L109 | 36,276,274 | 1.27 | 425628.0 |
| AX | ADDED | AXOS FINANCIAL INC | COM | 05465C100 | 35,714,082 | 1.26 | 366712.0 |
| SYRE | REDUCED | SPYRE THERAPEUTICS | COM | 00773J202 | 35,624,839 | 1.25 | 401271.0 |
| MOD | REDUCED | MODINE MANUFACTURING CO | COM | 607828100 | 35,029,553 | 1.23 | 131187.0 |
| MIRM | ADDED | MIRUM PHARMACEUTICALS INC | COM | 604749101 | 33,876,780 | 1.19 | 289372.0 |
| UMBF | ADDED | UMB FINANCIAL CORP | COM | 902788108 | 33,647,961 | 1.18 | 235696.0 |
| SEI | ADDED | SOLARIS ENERGY INFRASTRUCTURE INC | COM | 83418M103 | 32,611,484 | 1.15 | 405313.0 |
| BOOT | ADDED | BOOT BARN HOLDINGS INC | COM | 099406100 | 32,374,167 | 1.14 | 197079.0 |
| LASR | ADDED | NLIGHT INC | COM | 65487K100 | 31,219,140 | 1.1 | 448422.0 |
| RSI | ADDED | RUSH STREET INTERACTIVE INC | COM | 782011100 | 29,976,225 | 1.05 | 1007943.0 |
| AGYS | ADDED | AGILYSYS INC | COM | 00847J105 | 29,016,097 | 1.02 | 277666.0 |
| SXT | NEW | SENSIENT TECHNOLOGIES CORP | COM | 81725T100 | 29,015,438 | 1.02 | 235343.0 |
| COMP | ADDED | COMPASS INC | COM | 20464U100 | 26,951,087 | 0.95 | 2185814.0 |
| ATRO | ADDED | ASTRONICS CORP | COM | 046433108 | 26,595,992 | 0.93 | 327295.0 |
| TTMI | REDUCED | TTM TECHNOLOGIES INC | COM | 87305R109 | 26,579,282 | 0.93 | 142120.0 |
| FRPT | ADDED | FRESHPET INC | COM | 358039105 | 26,374,555 | 0.93 | 446119.0 |
| - | LIFETIME GROUP HOLDINGS INC | COM | 53190C102 | 25,845,186 | 0.91 | 632840.0 | |
| MANE | ADDED | VERADERMICS INC | COM | 922967104 | 25,808,057 | 0.91 | 209924.0 |
| TEX | NEW | TEREX CORP NEW | COM | 880779103 | 25,772,939 | 0.91 | 356029.0 |
| FA | ADDED | FIRST ADVANTAGE CORP | COM | 31846B108 | 25,736,737 | 0.9 | 1425858.0 |
| IPGP | ADDED | IPG PHOTONICS CORP | COM | 44980X109 | 24,730,000 | 0.87 | 210791.0 |
| EYE | ADDED | NATIONAL VISION HOLDINGS | COM | 63845R107 | 24,679,314 | 0.87 | 1298228.0 |
| BLLN | ADDED | BILLIONTOONE INC | COM | 090168105 | 24,474,720 | 0.86 | 203990.0 |
| - | DIODES INCORPORATED | COM | 254543101 | 24,227,827 | 0.85 | 221380.0 | |
| HRI | NEW | HERC HOLDINGS INC | COM | 42704L104 | 24,220,446 | 0.85 | 168972.0 |
| - | CYTOKENETICS INC | COM | 23282W605 | 23,833,521 | 0.84 | 279769.0 | |
| MXL | NEW | MAXLINEAR INC CLASS A | COM | 57776J100 | 23,390,441 | 0.82 | 182695.0 |
| VRNS | UNCHANGED | VARONIS SYSTEMS INC | COM | 922280102 | 23,324,809 | 0.82 | 555882.0 |
| TRVI | REDUCED | TREVI THERAPEUTICS | COM | 89532M101 | 22,584,497 | 0.79 | 1210965.0 |
| MC | UNCHANGED | MOELIS & CO | COM | 60786M105 | 22,404,060 | 0.79 | 342465.0 |
| - | AMERICAN SEMICONDUCTOR CORP | COM | 030111207 | 22,372,022 | 0.79 | 538955.0 | |
| OLLI | ADDED | OLLIE'S BARGAIN OUTLET HOLDINGS | COM | 681116109 | 22,347,094 | 0.79 | 290675.0 |
| TTI | ADDED | TETRA TECHNOLOGIES | COM | 88162F105 | 22,324,371 | 0.78 | 1970377.0 |
| - | KRATOS DEFENSE AND SECURITY | COM | 50077B207 | 22,095,559 | 0.78 | 443152.0 | |
| SYNA | REDUCED | SYNAPTICS INC | COM | 87157D109 | 22,057,161 | 0.78 | 177551.0 |
| ONTO | REDUCED | ONTO INNOVATION INC | COM | 683344105 | 21,909,606 | 0.77 | 57893.0 |
| RXO | ADDED | RXO INC | COM | 74982T103 | 20,996,404 | 0.74 | 761015.0 |
| IMAX | UNCHANGED | IMAX CORP | COM | 45245E109 | 20,965,802 | 0.74 | 525986.0 |
| PLMR | ADDED | PALOMAR HOLDINGS INC | COM | 69753M105 | 20,680,185 | 0.73 | 163622.0 |
| - | THE BANCORP INC | COM | 05969A105 | 20,598,851 | 0.72 | 328845.0 | |
| AAOI | REDUCED | APPLIED OPTOELECTRONICS INC | COM | 03823U102 | 20,291,845 | 0.71 | 136959.0 |
| TMDX | ADDED | TRANSMEDICS GROUP INC | COM | 89377M109 | 20,063,755 | 0.71 | 302074.0 |
| PVLA | ADDED | PALVELLA THERAPEUTICS INC | COM | 697947109 | 19,843,219 | 0.7 | 129847.0 |
| - | BJ'S RESTAURANT INC | COM | 09180C106 | 19,591,471 | 0.69 | 322573.0 | |
| CUBI | REDUCED | CUSTOMERS BANCORP INC | COM | 23204G100 | 19,024,420 | 0.67 | 240511.0 |
| HNGE | ADDED | HINGE HEALTH INC | COM | 433313103 | 18,940,351 | 0.67 | 228197.0 |
| AVAV | ADDED | AEROVIRONMENT INC | COM | 008073108 | 18,897,544 | 0.66 | 114482.0 |
| RMBS | REDUCED | RAMBUS INC | COM | 750917106 | 18,487,364 | 0.65 | 139275.0 |
| MTRN | NEW | MATERION CORP | COM | 576690101 | 18,214,245 | 0.64 | 61247.0 |
| HAPN | NEW | HAPPEN INC | COM | 52603A208 | 18,067,257 | 0.63 | 871131.0 |
| CVLT | ADDED | COMMVAULT SYSTEMS INC | COM | 204166102 | 17,875,838 | 0.63 | 126126.0 |
| QBTS | ADDED | D-WAVE QUANTUM INC | COM | 26740W109 | 17,850,575 | 0.63 | 744084.0 |
| NKTR | REDUCED | NEKTAR THERAPEUTICS | COM | 640268306 | 17,842,528 | 0.63 | 255587.0 |
| ARLO | ADDED | ARLO TECHNOLOGIES | COM | 04206A101 | 17,129,211 | 0.6 | 1270713.0 |
| NPKI | NEW | NPK INTERNATIONAL INC | COM | 651718504 | 17,093,195 | 0.6 | 1074368.0 |
| OSW | UNCHANGED | ONESPAWORLD HOLDINGS LIMITED | COM | P73684113 | 16,944,706 | 0.6 | 600025.0 |
| - | BOBS DISCOUNT FURNITURE | COM | 09681N106 | 16,605,431 | 0.58 | 1049648.0 | |
| AXSM | ADDED | AXSOME THERAPEUTICS INC | COM | 05464T104 | 16,447,320 | 0.58 | 67195.0 |
| PIPR | UNCHANGED | PIPER SANDLER CO | COM | 724078209 | 16,290,389 | 0.57 | 225192.0 |
| PI | UNCHANGED | IMPINJ INC | COM | 453204109 | 15,939,637 | 0.56 | 111287.0 |
| MIR | UNCHANGED | MIRION TECHNOLOGIES INC | COM | 60471A101 | 15,661,245 | 0.55 | 873466.0 |
| SKWD | REDUCED | SKYWARD SPECIALTY INSURANCE | COM | 830940102 | 15,529,853 | 0.55 | 266150.0 |
| EVLV | UNCHANGED | EVOLV TECHNOLOGIES | COM | 30049H102 | 15,472,016 | 0.54 | 2667589.0 |
| RDNT | ADDED | RADNET INC | COM | 750491102 | 15,464,616 | 0.54 | 250764.0 |
| SVRA | ADDED | SAVARA INC | COM | 805111101 | 14,636,154 | 0.51 | 2375999.0 |
| - | SEACOAST BANKING CORPORATION OF FLORIDA | COM | 811707801 | 14,423,750 | 0.51 | 433797.0 | |
| POWI | ADDED | POWER INTEGRATIONS INC | COM | 739276103 | 14,423,137 | 0.51 | 172196.0 |
| AMBQ | NEW | AMBIQ MICRO INC | COM | 023193105 | 14,051,267 | 0.49 | 159131.0 |
| HIMS | NEW | HIMS & HERS HEALTH INC | COM | 433000106 | 13,827,852 | 0.49 | 398842.0 |
| ARHS | ADDED | ARHAUS INC | COM | 04035M102 | 13,274,012 | 0.47 | 1576486.0 |
| - | DIANTHUS THERAPEUTICS INC | COM | 252828108 | 12,771,635 | 0.45 | 131018.0 | |
| CCB | UNCHANGED | COASTAL FINANCIAL CORP | COM | 19046P209 | 12,143,027 | 0.43 | 156664.0 |
| ALMR | NEW | ALAMAR BIOSCIENCES INC | COM | 010911105 | 11,435,420 | 0.4 | 422127.0 |
| EE | ADDED | EXCELERATE ENERGY INC | COM | 30069T101 | 11,396,658 | 0.4 | 299991.0 |
| ATEC | ADDED | ALPHATEC HOLDINGS INC | COM | 02081G201 | 10,882,444 | 0.38 | 1258086.0 |
| FWRG | ADDED | FIRST WATCH RESTAURANT GROUP | COM | 33748L101 | 10,620,767 | 0.37 | 823954.0 |
| LPTH | NEW | LIGHTPATH TECHNOLOGIES INC | COM | 532257805 | 9,938,871 | 0.35 | 607882.0 |
| TRIN | UNCHANGED | TRINITY CAPITAL INC | COM | 896442308 | 9,826,261 | 0.35 | 549260.0 |
| QTWO | UNCHANGED | Q2 HOLDINGS INC | COM | 74736L109 | 9,803,502 | 0.34 | 203815.0 |
| TREE | UNCHANGED | LENDINGTREE INC | COM | 52603B107 | 9,667,134 | 0.34 | 218269.0 |
| EVER | REDUCED | EVERQUOTE INC | COM | 30041R108 | 9,451,006 | 0.33 | 397268.0 |
| SLDE | UNCHANGED | SLIDE INSURANCE HOLDINGS INC | COM | 831349105 | 8,906,713 | 0.31 | 459820.0 |
| AVAH | REDUCED | AVEANNA HEALTHCARE HOLDINGS | COM | 05356F105 | 8,288,116 | 0.29 | 967108.0 |
| CRVS | ADDED | CORVUS PHARMACEUTICALS INC | COM | 221015100 | 7,864,252 | 0.28 | 526389.0 |
| VC | ADDED | VISTEON CORP | COM | 92839U206 | 7,490,355 | 0.26 | 75500.0 |
| - | DAVE INC | COM | 23834J201 | 7,412,305 | 0.26 | 19894.0 | |
| WHK | NEW | WHITEHAWK MINERALS CORP | COM | 96524T101 | 7,339,194 | 0.26 | 263810.0 |
| - | VIRIDIAN THERAPEUTICS INC | COM | 92790C104 | 7,266,180 | 0.26 | 395546.0 | |
| AVEX | NEW | AEVEX CORP | COM | 00835T107 | 7,125,746 | 0.25 | 341108.0 |
| DFTX | NEW | DEFINIUM THERAPEUTICS INC | COM | 24477V105 | 5,703,553 | 0.2 | 121249.0 |
| MPB | UNCHANGED | MID PENN BANCORP INC | COM | 59540G107 | 5,658,399 | 0.2 | 162411.0 |
| AMBA | NEW | AMBARELLA INC | COM | G037AX101 | 5,639,720 | 0.2 | 65731.0 |
| FCBM | NEW | FIRST CAROLINA FINANCIAL SERVICES | COM | 31943F200 | 5,482,552 | 0.19 | 414090.0 |
| ATRO | ADDED | ASTRONICS CORPORATION - CL B | COM | 046433207 | 4,974,854 | 0.17 | 65459.0 |
| FLOC | UNCHANGED | FLOWCO HOLDINGS INC | COM | 342909108 | 4,935,665 | 0.17 | 231287.0 |
| WVE | ADDED | WAVE LIFE SCIENCES LTD | COM | Y95308105 | 4,926,874 | 0.17 | 847999.0 |
| WSBC | ADDED | WESBANCO INC | COM | 950810101 | 4,708,852 | 0.17 | 120647.0 |
| - | UNITED THERAPEUTICS CORP DEL | COM | 91307C102 | 4,295,628 | 0.15 | 7928.0 | |
| HAWK | NEW | HAWKEYE 360 INC | COM | 420201105 | 4,152,440 | 0.15 | 205363.0 |
| BRCB | UNCHANGED | BLACK ROCK COFFEE BAR | COM | 092244102 | 3,761,455 | 0.13 | 453734.0 |
| MTUS | REDUCED | METALLUS INC | COM | 887399103 | 3,681,257 | 0.13 | 196964.0 |
| GBFH | UNCHANGED | GBANK FINANCIAL HOLDINGS INC | COM | 36166F100 | 3,576,580 | 0.13 | 118000.0 |
| BWMN | ADDED | BOWMAN CONSULTING GROUP LTD | COM | 103002101 | 2,790,732 | 0.1 | 95573.0 |
| HTFL | REDUCED | HEARTFLOW INC | COM | 42238D107 | 2,760,865 | 0.1 | 94099.0 |
| - | ONCE UPON A FARM | COM | 68237F108 | 2,650,563 | 0.09 | 129422.0 | |
| EROC | NEW | EROCK INC | COM | 296013105 | 2,642,611 | 0.09 | 182249.0 |
| - | ICU MEDICAL INC | COM | 44930G107 | 2,405,559 | 0.08 | 16409.0 | |
| SWIM | REDUCED | LATHAM GROUP INC | COM | 51819L107 | 2,275,201 | 0.08 | 351654.0 |
| ESQ | UNCHANGED | ESQUIRE FINANCIAL HOLDINGS | COM | 29667J101 | 2,205,083 | 0.08 | 18513.0 |
| MCB | REDUCED | METROPOLITAN BANK HOLDING CO | COM | 591774104 | 2,146,549 | 0.08 | 21735.0 |
| - | NORTHEAST BANCORP | COM | 66405S100 | 2,132,938 | 0.07 | 16094.0 | |
| CASH | UNCHANGED | PATHWARD FINANCIAL INC | COM | 59100U108 | 1,867,437 | 0.07 | 21450.0 |
| TWST | ADDED | TWIST BIOSCIENCE CORP | COM | 90184D100 | 1,856,984 | 0.07 | 18050.0 |
| NP | REDUCED | NEPTUNE INSURANCE HOLDINGS | COM | 64073B103 | 1,740,312 | 0.06 | 55248.0 |
| CBLL | ADDED | CERIBELL INC | COM | 15678C102 | 1,737,819 | 0.06 | 89348.0 |
| CRDO | REDUCED | CREDO TECHNOLOGY GROUP HOLDINGS | COM | G25457105 | 1,558,274 | 0.05 | 5730.0 |
| - | ENOVA INTERNATI | COM | 29357K103 | 1,533,691 | 0.05 | 6371.0 | |
| - | PINNACLE FINL PARTNERS INC | COM | 72348N109 | 1,446,922 | 0.05 | 14343.0 | |
| WTFC | UNCHANGED | WINTRUST FINANCIAL CORP | COM | 97650W108 | 1,403,568 | 0.05 | 8733.0 |
| BBIO | REDUCED | BRIDGEBIO PHARMA INC | COM | 10806X102 | 1,395,830 | 0.05 | 18741.0 |
| GMED | ADDED | GLOBUS MEDICAL INC | COM | 379577208 | 1,298,924 | 0.05 | 16440.0 |
| QCRH | UNCHANGED | QCR HOLDINGS INC | COM | 74727A104 | 1,276,259 | 0.04 | 13110.0 |
| INSM | ADDED | INSMED INC | COM | 457669307 | 1,196,063 | 0.04 | 11218.0 |
| HOOD | REDUCED | ROBINHOOD MARKETS INC | COM | 770700102 | 1,172,674 | 0.04 | 11694.0 |
| WAY | ADDED | WAYSTAR HOLDING CORP | COM | 946784105 | 1,145,061 | 0.04 | 55775.0 |
| SEZL | NEW | SEZZLE INC | COM | 78435P105 | 1,094,656 | 0.04 | 6378.0 |
| LMRI | REDUCED | LUMEXA IMAGING HOLDINGS INC | COM | 550249106 | 1,083,399 | 0.04 | 96046.0 |
| AMZN | NEW | AMAZON.COM, INC | COM | 023135106 | 1,073,483 | 0.04 | 4504.0 |
| MCHB | UNCHANGED | MECHANICS BANCORP | COM | 43785V102 | 961,346 | 0.03 | 60462.0 |
| - | WESTERN ALLIANCE BANCORP | COM | 957638109 | 942,916 | 0.03 | 11471.0 | |
| FRBT | NEW | FORBRIGHT INC | COM | 34520K105 | 914,500 | 0.03 | 50000.0 |
| OPFI | NEW | OPPFI INC | COM | 68386H103 | 907,930 | 0.03 | 91433.0 |
| TTWO | ADDED | TAKE TWO INTERACTIVE SOFTWARE | COM | 874054109 | 896,678 | 0.03 | 3587.0 |
| FIGR | UNCHANGED | FIGURE TECHNOLOGY SOLUTIONS | COM | 349381103 | 855,581 | 0.03 | 27860.0 |
| PRCH | UNCHANGED | PORCH GROUP INC | COM | 733245104 | 846,978 | 0.03 | 56315.0 |
| KRRO | ADDED | KORRO BIO INC | COM | 500946108 | 837,747 | 0.03 | 63562.0 |
| EWBC | UNCHANGED | EAST WEST BANCORP INC | COM | 27579R104 | 815,074 | 0.03 | 6314.0 |
| MVBF | UNCHANGED | MVB FINANCIAL CORP | COM | 553810102 | 791,770 | 0.03 | 27293.0 |
| FINW | UNCHANGED | FINWISE BANCORP | COM | 31813A109 | 788,278 | 0.03 | 54364.0 |
| TCBX | UNCHANGED | THIRD COAST BANCSHARES INC | COM | 88422P109 | 771,963 | 0.03 | 19108.0 |
| MTZ | ADDED | MASTEC INC | COM | 576323109 | 770,959 | 0.03 | 1853.0 |
| - | BIOGEN IDEC INC | COM | 09062X103 | 732,227 | 0.03 | 3389.0 | |
| NEO | ADDED | NEOGENOMICS INC | COM | 64049M209 | 635,453 | 0.02 | 43554.0 |
| AVGO | ADDED | BROADCOM LTD | COM | 11135F101 | 632,731 | 0.02 | 1675.0 |
| RELY | UNCHANGED | REMITLY GLOBAL | COM | 75960P104 | 631,043 | 0.02 | 28159.0 |
| SBUX | ADDED | STARBUCKS CORP | COM | 855244109 | 605,476 | 0.02 | 5925.0 |
| PGY | REDUCED | PAGAYA TECHNOLOGIES | COM | M7S64L123 | 541,076 | 0.02 | 29648.0 |
| MDB | ADDED | MONGODB INC | COM | 60937P106 | 534,417 | 0.02 | 1591.0 |
| AFRM | UNCHANGED | AFFIRM HOLDINGS INC | COM | 00827B106 | 531,706 | 0.02 | 6520.0 |
| BWXT | ADDED | BWX TECHNOLOGIES INC | COM | 05605H100 | 516,017 | 0.02 | 2651.0 |
| INDI | ADDED | INDIE SEMICONDUCTOR INC | COM | 45569U101 | 511,730 | 0.02 | 113971.0 |
| BSVN | UNCHANGED | BANK7 CORP | COM | 06652N107 | 510,793 | 0.02 | 10435.0 |
| P | NEW | EVERPURE INC | COM | 74624M102 | 508,511 | 0.02 | 6454.0 |
| FSBC | UNCHANGED | FIVE STAR BANCORP | COM | 33830T103 | 500,971 | 0.02 | 10289.0 |
| FICO | ADDED | FAIR ISAAC CORP | COM | 303250104 | 474,328 | 0.02 | 397.0 |
| FTAI | REDUCED | FTAI AVIATION LTD | COM | G3730V105 | 465,582 | 0.02 | 1721.0 |
| RKT | REDUCED | ROCKET COMPANIES INC | COM | 77311W101 | 449,631 | 0.02 | 28548.0 |
| ABCB | UNCHANGED | AMERIS BANCORP | COM | 03076K108 | 400,935 | 0.01 | 4442.0 |
| MATW | ADDED | MATTHEWS INTL CORP CL A | COM | 577128101 | 395,832 | 0.01 | 14704.0 |
| - | UNTIY SOFTWARE INC | COM | 91332U101 | 379,142 | 0.01 | 13266.0 | |
| IVVD | UNCHANGED | INVIVYD INC | COM | 00534A102 | 374,126 | 0.01 | 428847.0 |
| BA | ADDED | BOEING CO | COM | 097023105 | 369,947 | 0.01 | 1709.0 |
| TSSI | NEW | TSS INC | COM | 87288V101 | 350,009 | 0.01 | 28456.0 |
| BE | REDUCED | BLOOM ENERGY CO | COM | 093712107 | 343,565 | 0.01 | 1135.0 |
| - | UNITED BANKSHARES INC | COM | 909907107 | 287,675 | 0.01 | 6277.0 | |
| PBAM | UNCHANGED | PRIVATE BANCORP OF AMERICA INC | COM | 74274F100 | 272,024 | 0.01 | 3676.0 |
| BOW | UNCHANGED | BOWHEAD SPECIALTY HOLDINGS | COM | 10240L102 | 266,796 | 0.01 | 8914.0 |
| PXLW | ADDED | PIXELWORKS INC | COM | 72581M404 | 252,898 | 0.01 | 40561.0 |
| AII | REDUCED | AMERICAN INTEGRITY INSURANCE GROUP | COM | 026948109 | 218,880 | 0.01 | 11624.0 |
| - | ATEGRITY SPECIALTY HOLDINGS | COM | 04681Y103 | 178,136 | 0.01 | 7410.0 | |
| - | CNB FINL CORP PA | COM | 126128107 | 173,809 | 0.01 | 5156.0 | |
| NCNO | NEW | NCINO INC | COM | 63947X101 | 124,456 | 0.0 | 7612.0 |
| TWFG | UNCHANGED | TWFG INC | COM | 87318A101 | 117,845 | 0.0 | 4900.0 |
| PWP | REDUCED | PERELLA WEINBERG PARTNERS | COM | 71367G102 | 91,977 | 0.0 | 5763.0 |
| OPEN | UNCHANGED | OPENDOOR TECHNOLOGIES INC | COM | 683712103 | 76,581 | 0.0 | 16576.0 |
| SOC | ADDED | SABLE OFFSHORE CORP | COM | 78574H104 | 34,918 | 0.0 | 11337.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-05 | 2,845,668,516 | 197 | 9.387604 | 0.195496 | 17.698476 |
| 2026-03-31 | 2026-05-04 | 2,061,428,783 | 199 | 11.239876 | 0.278376 | 19.797967 |
| 2025-12-31 | 2026-02-09 | 2,052,863,406 | 189 | 11.207273 | 0.287987 | 20.596233 |
| 2025-09-30 | 2025-10-30 | 1,936,772,068 | 219 | 11.198104 | 0.308816 | 20.03136 |
| 2025-03-31 | 2025-05-01 | 1,409,336,638 | 210 | 9.560316 | 0.305954 | 17.114456 |
| 2024-12-31 | 2025-02-14 | 1,644,791,879 | 212 | 10.257183 | 0.331286 | 20.553952 |