Emerald Mutual Fund Advisers Trust

All holdings · as of Mar 31, 2026

Company	Class	Value	Shares	% of portfolio
RBB FD INC	—	$69.87M	1,997,035	3.4%
MODINE MANUFACTURING CO	—	$51.16M	236,071	2.5%
Guardant Health, Inc.	—	$47.99M	519,545	2.3%
Bloom Energy Corp	—	$47.72M	352,178	2.3%
TTM Technologies Inc	—	$45.79M	470,005	2.2%
Cogent Biosciences, Inc.	—	$39.60M	1,028,832	1.9%
VSE CORP	—	$36.13M	195,915	1.8%
Kratos Defense & Security Solutions Inc	—	$36.01M	510,656	1.7%
Fabrinet	—	$33.90M	65,010	1.6%
Argan, Inc.	—	$32.10M	58,943	1.6%
AAR CORP	—	$30.68M	280,257	1.5%
LivaNova PLC	—	$28.88M	454,329	1.4%
Axos Financial Inc	—	$28.65M	336,740	1.4%
Credo Technology Group Holding Ltd	—	$28.29M	301,337	1.4%
Travere Therapeutics, Inc.	—	$28.08M	945,033	1.4%
ESCO TECHNOLOGIES INC	—	$27.72M	98,502	1.3%
MERCURY SYSTEMS INC	—	$27.38M	375,472	1.3%
RAMBUS INC	—	$26.43M	307,248	1.3%
NLIGHT, INC.	—	$24.51M	429,772	1.2%
National Vision Holdings, Inc.	—	$24.28M	937,540	1.2%
BridgeBio Pharma, Inc.	—	$23.78M	320,211	1.2%
Mirum Pharmaceuticals, Inc.	—	$23.13M	250,399	1.1%
APPLIED OPTOELECTRONICS, INC.	—	$22.99M	271,760	1.1%
KULICKE & SOFFA INDUSTRIES INC	—	$22.96M	349,295	1.1%
TransMedics Group, Inc.	—	$22.80M	229,326	1.1%
IPG PHOTONICS CORP	—	$22.05M	192,457	1.1%
SEMTECH CORP	—	$21.92M	285,037	1.1%
Rush Street Interactive, Inc.	—	$21.36M	981,901	1.0%
PLEXUS CORP	—	$20.72M	102,278	1.0%
SPYRE THERAPEUTICS, INC.	—	$20.59M	408,113	1.0%
AeroVironment Inc	—	$20.58M	112,407	1.0%
IMAX CORP	—	$19.99M	525,986	1.0%
STERLING INFRASTRUCTURE, INC.	—	$19.91M	48,875	1.0%
Moelis & Co	—	$19.52M	342,465	0.9%
Palomar Holdings, Inc.	—	$19.51M	163,270	0.9%
PDF Solutions, Inc.	—	$19.45M	594,610	0.9%
Boot Barn Holdings, Inc.	—	$18.92M	129,260	0.9%
CECO ENVIRONMENTAL CORPCECO	Common Stock	$18.71M	314,005	0.9%
ASTRONICS CORP	—	$18.63M	279,159	0.9%
SPX Technologies, Inc.	—	$18.61M	93,074	0.9%
NEKTAR THERAPEUTICS	—	$18.43M	256,106	0.9%
InterDigital, Inc.	—	$18.32M	60,676	0.9%
Ollie's Bargain Outlet Holdings, Inc.	—	$18.18M	197,473	0.9%
UMB Financial Corp	—	$17.89M	158,617	0.9%
Arlo Technologies, Inc.	—	$17.88M	1,256,289	0.9%
Solaris Energy Infrastructure, Inc.	—	$17.79M	314,782	0.9%
Freshpet, Inc.	—	$17.74M	300,932	0.9%
Bancorp Inc/The	—	$17.67M	328,845	0.9%
Skyward Specialty Insurance Group, Inc.	—	$17.55M	401,899	0.9%
Piper Sandler Cos	—	$17.24M	225,192	0.8%