Data as of Q4 2025 (Dec 31, 2025)

EMERALD MUTUAL FUND ADVISERS TRUST

โ€ขCIK: 1352895โ€ขFiling: Q4 2025

**EMERALD MUTUAL FUND ADVISERS TRUST** manages $2.1B across a diversified portfolio of 189 positions. The fund exhibits significant concentration in key names, with LFSC representing the largest holding at $73.1M. Further top allocations include GH ($53.5M), PNC ($42.5M), and KTOS ($39.6M). This structure suggests a tactical, large-cap bias across its current investment mandate.

Total AUM
$2.1B
QoQ Performance
+6.0%
Positions
189
Top 10 Concentration
20.4%
Latest Filing
Q4 2025

Top Holdings Allocation

LFSC3.6%
GH2.6%
CRDO2.1%
KTOS1.9%
TTMI1.8%
COGT1.8%
TVTX1.8%
RMBS*1.8%

๐Ÿ“ˆ Biggest Buys

PIPR
PIPER SANDLER CO
NEW
0.8% of portfolio
TRVI
TREVI THERAPEUTICS
NEW
0.8% of portfolio
TTI
TETRA TECHNOLOGIES
+3073.6%
0.8% of portfolio
SYNA
SYNAPTICS INC
NEW
0.8% of portfolio
IMA
IMAX CORP
+252.1%
0.9% of portfolio

๐Ÿ“‰ Biggest Sells

LITE
LUMENTUM HOLDINGS INC
-59.7%
1.6% of portfolio
SITM
SITIME CORPORATION
-46.5%
0.9% of portfolio
IDI
INTERDIGITAL INC PA COM
-50.4%
0.5% of portfolio
TVTX
TRAVERE THERAPEUTICS INC
-21.0%
1.8% of portfolio
RDNT
RADNET INC
-32.6%
0.9% of portfolio

Sector Breakdown

Other100.0%
Technology0.0%

๐Ÿšช Exited Positionssold since Q3 2025

LIF
LIFE360 INC
SOLD
$11.1M
CWAN
CLEARWATER ANALYTICS HDS
SOLD
$10.7M
MTSI
MACOM TECHNOLOGY SOLUTIONS
SOLD
$9.9M
RHP
RYMAN HOSPITALITY PROPERTIES
SOLD
$8.3M
NSSC
NAPCO SECURITY
SOLD
$8.1M
+44 more exited positions

Changes from Q3 2025

NEW19 new positions
โ†‘68 increased
โ†“49 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023