EMERALD ADVISERS, LLC

LEOLA, PA · CIK 1015083 · 13F filing filed 2026-08-05

SEC-registered investment adviser since 1991 · limited liability company

Assets managed$3.3bn
Staff35 · 17 in investment roles
Main clients (by assets)State and local governments 62%, Pension plans 23%, Private funds 7%
Websiteteamemerald.com
Form ADV · 2026-03-31SEC adviser record

Legal entityEmerald Advisers, LLC (US)

Kindmutual funds, institutions
Others nearbyLeola, PA, Saint Louis, MO, King Of Prussia, PA
FamilyEMERALD ADVISERS, LLC · 4 related pages

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Leola, PA (main office)United States	United States	about 15
King Of Prussia, PAUnited States	United States	2

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$4.2bn reported value +34.4% vs Q1 2026

237positions

17.4%in top 10

28 new 81 added 83 reduced 39 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	TRAVERE THERAPEUTICS INC COM TVTX	TVTX	1,600,886	$90.9m2.14%	2.14%	Added +43.7k	+43,690 2.8%
2	CARDINAL INFRASTRUCTURE GROU CL A CDNL	CDNL	847,969	$79.9m1.88%	1.88%	Added +269.4k	+269,369 46.6%
3	MERCURY SYS INC COM MRCY	MRCY	638,682	$78.1m1.84%	1.84%	Added +43.4k	+43,368 7.3%
4	AAR CORP COM AIR	AIR	521,919	$74.6m1.76%	1.76%	Added +76.2k	+76,226 17.1%
5	VSE CORP COM VSEC	VSEC	323,152	$73.8m1.74%	1.74%	Added +8.4k	+8,363 2.7%
6	KULICKE & SOFFA INDS INC COM KLIC	KLIC	551,535	$73.8m1.74%	1.74%	Reduced -17.5k	-17,461 -3.1%
7	ARGAN INC COM AGX	AGX	89,296	$71.3m1.68%	1.68%	Reduced -6.0k	-5,976 -6.3%
8	CECO ENVIRONMENTAL CORP COM CECO	CECO	736,784	$66.9m1.57%	1.57%	Added +213.8k	+213,767 40.9%
9	CORCEPT THERAPEUTICS INC COM CORT	CORT	748,325	$65.1m1.53%	1.53%	Added +542.8k	+542,767 264.1%
10	LIVANOVA PLC SHS LIVN	LIVN	787,101	$64.7m1.52%	1.52%	Added +116.9k	+116,894 17.4%
11	SEMTECH CORP COM SMTC	SMTC	393,030	$63.6m1.50%	1.50%	Reduced -64.0k	-63,988 -14.0%
12	INTERDIGITAL INC COM IDCC	IDCC	223,517	$63.3m1.49%	1.49%	Added +119.5k	+119,452 114.8%
13	ESCO TECHNOLOGIES INC COM ESE	ESE	179,798	$62.9m1.48%	1.48%	Added +17.1k	+17,145 10.5%
14	AXCELIS TECHNOLOGIES INC COM NEW ACLS	ACLS	330,469	$62.6m1.47%	1.47%	Added +234.2k	+234,231 243.4%
15	PDF SOLUTIONS INC COM PDFS	PDFS	884,294	$62.6m1.47%	1.47%	Added +23.5k	+23,475 2.7%
16	PLEXUS CORP COM PLXS	PLXS	207,712	$62.5m1.47%	1.47%	Added +41.2k	+41,180 24.7%
17	COHU INC COM COHU	COHU	843,627	$62.4m1.47%	1.47%	Added +63.5k	+63,528 8.1%
18	COGENT BIOSCIENCES INC COM COGT	COGT	1,603,319	$62.0m1.46%	1.46%	Added +15.2k	+15,187 1.0%
19	ALLEGIANT TRAVEL CO COM ALGT	ALGT	475,112	$55.9m1.32%	1.32%	Added +137.1k	+137,079 40.5%
20	LEGENCE CORP CL A LGN	LGN	653,788	$55.7m1.31%	1.31%	New
21	MIRUM PHARMACEUTICALS INC COM MIRM	MIRM	468,295	$54.8m1.29%	1.29%	Added +71.0k	+71,032 17.9%
22	GUARDANT HEALTH INC COM GH	GH	364,022	$54.6m1.29%	1.29%	Reduced -477.9k	-477,895 -56.8%
23	MODINE MFG CO COM MOD	MOD	202,754	$54.1m1.27%	1.27%	Reduced -175.4k	-175,364 -46.4%
24	AXOS FINANCIAL INC COM AX	AX	536,162	$52.2m1.23%	1.23%	Added +39.9k	+39,930 8.1%
25	SOLARIS ENERGY INFRAS INC COM CL A SEI	SEI	640,616	$51.5m1.21%	1.21%	Added +45.9k	+45,929 7.7%
26	NLIGHT INC COM LASR	LASR	736,848	$51.3m1.21%	1.21%	Reduced -9.8k	-9,826 -1.3%
27	SPYRE THERAPEUTICS INC COM NEW SYRE	SYRE	567,430	$50.4m1.19%	1.19%	Reduced -45.9k	-45,935 -7.5%
28	UMB FINL CORP COM UMBF	UMBF	345,687	$49.4m1.16%	1.16%	Added +78.2k	+78,249 29.3%
29	BOOT BARN HLDGS INC COM BOOT	BOOT	300,226	$49.3m1.16%	1.16%	Added +91.8k	+91,801 44.0%
30	RUSH STREET INTERACTIVE INC COM RSI	RSI	1,639,592	$48.8m1.15%	1.15%	Added +66.1k	+66,092 4.2%
31	SENSIENT TECHNOLOGIES CORP COM SXT	SXT	394,927	$48.7m1.15%	1.15%	New
32	BILLIONTOONE INC CL A BLLN	BLLN	375,858	$45.1m1.06%	1.06%	Added +136.3k	+136,296 56.9%
33	AGILYSYS INC COM AGYS	AGYS	427,845	$44.7m1.05%	1.05%	Added +104.3k	+104,334 32.2%
34	ASTRONICS CORP COM ATRO	ATRO	513,984	$41.8m0.98%	0.98%	Added +64.9k	+64,858 14.4%
35	TTM TECHNOLOGIES INC COM TTMI	TTMI	221,627	$41.4m0.98%	0.98%	Reduced -528.8k	-528,790 -70.5%
36	COMPASS INC CL A COMP	COMP	3,296,616	$40.6m0.96%	0.96%	Added +638.1k	+638,150 24.0%
37	FRESHPET INC COM FRPT	FRPT	673,730	$39.8m0.94%	0.94%	Added +193.0k	+193,027 40.2%
38	LIFE TIME GROUP HOLDINGS INC COMMON STOCK LTH	LTH	971,490	$39.7m0.93%	0.93%	Added +315.0k	+314,982 48.0%
39	FIRST ADVANTAGE CORP NEW COM FA	FA	2,188,875	$39.5m0.93%	0.93%	Added +1.0m	+1,041,010 90.7%
40	TEREX CORP NEW COM TEX	TEX	545,046	$39.5m0.93%	0.93%	New
41	CYTOKINETICS INC COM NEW CYTK	CYTK	457,956	$39.0m0.92%	0.92%	Added +259.1k	+259,145 130.3%
42	IPG PHOTONICS CORP COM IPGP	IPGP	326,701	$38.3m0.90%	0.90%	Added +21.8k	+21,785 7.1%
43	NATIONAL VISION HLDGS INC COM EYE	EYE	2,006,691	$38.1m0.90%	0.90%	Added +504.0k	+504,047 33.5%
44	DIODES INC COM DIOD	DIOD	345,473	$37.8m0.89%	0.89%	Added +164.4k	+164,420 90.8%
45	HERC HLDGS INC COM HRI	HRI	261,155	$37.4m0.88%	0.88%	New
46	SYNAPTICS INC COM SYNA	SYNA	298,552	$37.1m0.87%	0.87%	Reduced -31.4k	-31,364 -9.5%
47	MAXLINEAR INC COM MXL	MXL	280,350	$35.9m0.84%	0.84%	New
48	VERADERMICS INC COMMON STOCK MANE	MANE	288,370	$35.5m0.83%	0.83%	Added +155.8k	+155,834 117.6%
49	VARONIS SYS INC COM VRNS	VRNS	841,193	$35.3m0.83%	0.83%	Reduced -27.8k	-27,828 -3.2%
50	PALVELLA THERAPEUTICS INC NE COM PVLA	PVLA	229,486	$35.1m0.83%	0.83%	Added +68.0k	+67,986 42.1%
51	TETRA TECHNOLOGIES INC DEL COM TTI	TTI	3,093,379	$35.0m0.82%	0.82%	Added +431.9k	+431,852 16.2%
52	AMERICAN SUPERCONDUCTOR CORP SHS NEW AMSC	AMSC	843,956	$35.0m0.82%	0.82%	Added +86.6k	+86,552 11.4%
53	MOELIS & CO CL A MC	MC	531,883	$34.8m0.82%	0.82%	Reduced -16.2k	-16,194 -3.0%
54	KRATOS DEFENSE & SEC SOLUTIO COM NEW KTOS	KTOS	697,181	$34.8m0.82%	0.82%	Reduced -138.7k	-138,748 -16.6%
55	OLLIES BARGAIN OUTLET HLDGS COM OLLI	OLLI	444,778	$34.2m0.80%	0.80%	Added +97.7k	+97,653 28.1%
56	RAMBUS INC DEL COM RMBS	RMBS	252,693	$33.5m0.79%	0.79%	Reduced -240.5k	-240,543 -48.8%
57	TREVI THERAPEUTICS INC COM TRVI	TRVI	1,797,611	$33.5m0.79%	0.79%	Reduced -42.0k	-41,955 -2.3%
58	ONTO INNOVATION INC COM ONTO	ONTO	87,619	$33.2m0.78%	0.78%	Reduced -30.8k	-30,804 -26.0%
59	IMAX CORP COM IMAX	IMAX	827,965	$33.0m0.78%	0.78%	Reduced -21.2k	-21,183 -2.5%
60	TRANSMEDICS GROUP INC COM TMDX	TMDX	490,491	$32.6m0.77%	0.77%	Added +147.7k	+147,700 43.1%
61	RXO INC COMMON STOCK RXO	RXO	1,174,517	$32.4m0.76%	0.76%	Added +736.0k	+736,046 167.9%
62	PALOMAR HLDGS INC COM PLMR	PLMR	248,267	$31.4m0.74%	0.74%	Reduced -50.1k	-50,092 -16.8%
63	APPLIED OPTOELECTRONICS INC COM AAOI	AAOI	211,574	$31.3m0.74%	0.74%	Reduced -222.3k	-222,308 -51.2%
64	BJS RESTAURANTS INC COM BJRI	BJRI	513,574	$31.2m0.73%	0.73%	Reduced -17.4k	-17,425 -3.3%
65	BANCORP INC DEL COM TBBK	TBBK	478,025	$29.9m0.70%	0.70%	Reduced -13.3k	-13,315 -2.7%
66	HINGE HEALTH INC CL A HNGE	HNGE	358,655	$29.8m0.70%	0.70%	Added +79.8k	+79,765 28.6%
67	AEROVIRONMENT INC COM AVAV	AVAV	176,383	$29.1m0.69%	0.69%	Reduced -3.5k	-3,491 -1.9%
68	COMMVAULT SYS INC COM CVLT	CVLT	198,459	$28.1m0.66%	0.66%	Added +1.3k	+1,318 0.7%
69	MATERION CORP COM MTRN	MTRN	92,808	$27.6m0.65%	0.65%	New
70	D-WAVE QUANTUM INC COM QBTS	QBTS	1,147,775	$27.5m0.65%	0.65%	Added +607.4k	+607,444 112.4%
71	ARLO TECHNOLOGIES INC COM ARLO	ARLO	2,021,645	$27.3m0.64%	0.64%	Added +2.7k	+2,716 0.1%
72	NEKTAR THERAPEUTICS COM NEW NKTR	NKTR	390,158	$27.2m0.64%	0.64%	Reduced -4.4k	-4,446 -1.1%
73	CUSTOMERS BANCORP INC COM CUBI	CUBI	334,660	$26.5m0.62%	0.62%	Reduced -8.5k	-8,549 -2.5%
74	AXSOME THERAPEUTICS INC COM AXSM	AXSM	104,237	$25.5m0.60%	0.60%	Reduced -3.4k	-3,373 -3.1%
75	BOBS DISC FURNITURE INC COM SHS BOBS	BOBS	1,607,068	$25.4m0.60%	0.60%	Added +262.0k	+262,018 19.5%
76	PIPER SANDLER COMPANIES COM NEW PIPR	PIPR	350,159	$25.3m0.60%	0.60%	Reduced -10.4k	-10,419 -2.9%
77	IMPINJ INC COM PI	PI	176,780	$25.3m0.60%	0.60%	Reduced -4.8k	-4,835 -2.7%
78	NPK INTERNATIONAL INC COM SHS NPKI	NPKI	1,573,597	$25.0m0.59%	0.59%	New
79	LENDINGCLUB CORP COM NEW HAPN	HAPN	1,193,757	$24.8m0.58%	0.58%	Added +266.2k	+266,161 28.7%
80	EVOLV TECHNOLOGIES HLDNGS IN COM CL A EVLV	EVLV	4,227,336	$24.5m0.58%	0.58%	Reduced -105.7k	-105,719 -2.4%
81	MIRION TECHNOLOGIES INC COM CL A MIR	MIR	1,364,780	$24.5m0.58%	0.58%	Reduced -16.8k	-16,794 -1.2%
82	DIANTHUS THERAPEUTICS INC COM DNTH	DNTH	247,805	$24.2m0.57%	0.57%	New
83	ONESPAWORLD HOLDINGS LIMITED COM OSW	OSW	852,158	$24.1m0.57%	0.57%	Reduced -32.7k	-32,720 -3.7%
84	RADNET INC COM RDNT	RDNT	370,489	$22.8m0.54%	0.54%	Reduced -11.3k	-11,275 -3.0%
85	POWER INTEGRATIONS INC COM POWI	POWI	264,342	$22.1m0.52%	0.52%	Added +148.3k	+148,298 127.8%
86	SKYWARD SPECIALTY INS GROUP COM SKWD	SKWD	373,762	$21.8m0.51%	0.51%	Reduced -254.1k	-254,146 -40.5%
87	SEACOAST BKG CORP FLA COM NEW SBCF	SBCF	653,964	$21.7m0.51%	0.51%	Added +149.6k	+149,601 29.7%
88	AMBIQ MICRO INC COMMON STOCK AMBQ	AMBQ	243,664	$21.5m0.51%	0.51%	New
89	HIMS & HERS HEALTH INC COM CL A HIMS	HIMS	608,509	$21.1m0.50%	0.50%	New
90	ARHAUS INC COM CL A ARHS	ARHS	2,375,058	$20.0m0.47%	0.47%	Added +538.3k	+538,334 29.3%
91	FIRST WATCH RESTAURANT GROUP COM FWRG	FWRG	1,526,759	$19.7m0.46%	0.46%	Added +579.6k	+579,649 61.2%
92	SAVARA INC COM SVRA	SVRA	3,148,439	$19.4m0.46%	0.46%	Reduced -222.8k	-222,846 -6.6%
93	EXCELERATE ENERGY INC CL A COM EE	EE	485,260	$18.4m0.43%	0.43%	Added +169.6k	+169,595 53.7%
94	ALPHATEC HLDGS INC COM NEW ATEC	ATEC	2,104,451	$18.2m0.43%	0.43%	Added +297.1k	+297,144 16.4%
95	ALAMAR BIOSCIENCES INC COMMON STOCK ALMR	ALMR	647,183	$17.5m0.41%	0.41%	New
96	COASTAL FINL CORP WA COM NEW CCB	CCB	216,333	$16.8m0.39%	0.39%	Reduced -4.8k	-4,849 -2.2%
97	VISTEON CORP COM NEW VC	VC	162,419	$16.1m0.38%	0.38%	Added +51.9k	+51,917 47.0%
98	EVERQUOTE INC COM CL A EVER	EVER	651,922	$15.5m0.37%	0.37%	Reduced -39.3k	-39,344 -5.7%
99	Q2 HLDGS INC COM QTWO	QTWO	318,823	$15.3m0.36%	0.36%	Reduced -1.8k	-1,757 -0.6%
100	LIGHTPATH TECHNOLOGIES INC COM CL A LPTH	LPTH	937,258	$15.3m0.36%	0.36%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
BRIDGEBIO PHARMA INC BBIO	BBIO	515,361	$38.3m515.4k shares
SPX TECHNOLOGIES INC SPXC	SPXC	147,250	$29.4m147.2k shares
KALVISTA PHARMACEUTICALS INC KALV	KALV	1,264,023	$25.4m1.3m shares
SITIME CORP SITM	SITM	65,762	$22.7m65.8k shares
IONQ INC IONQ	IONQ	447,729	$12.9m447.7k shares
SOLENO THERAPEUTICS INC SLNO	SLNO	274,138	$9.2m274.1k shares
SKYWATER TECHNOLOGY INC		286,767	$7.9m286.8k shares
BYRNA TECHNOLOGIES INC BYRN	BYRN	432,626	$4.0m432.6k shares
VERTIV HOLDINGS CO VRT	VRT	7,216	$1.8m7.2k shares
SHIFT4 PMTS INC FOUR	FOUR	24,044	$1.1m24.0k shares
AMERICAN INTEGRITY INS GROUP AII	AII	39,127	$754.4k39.1k shares
NORWEGIAN CRUISE LINE HLDG L NCLH	NCLH	38,940	$728.2k38.9k shares
ACADIA PHARMACEUTICALS INC ACAD	ACAD	28,637	$637.5k28.6k shares
ROKU INC ROKU	ROKU	6,219	$588.4k6.2k shares
TESLA INC TSLA	TSLA	1,511	$561.7k1.5k shares
ENOVA INTL INC ENVA	ENVA	3,507	$476.4k3.5k shares
APPLOVIN CORP APP	APP	1,139	$453.3k1.1k shares
PALANTIR TECHNOLOGIES INC PLTR	PLTR	2,893	$423.2k2.9k shares
VEEVA SYS INC VEEV	VEEV	2,233	$392.2k2.2k shares
ZSCALER INC ZS	ZS	2,603	$365.2k2.6k shares
PLANET FITNESS INC PLNT	PLNT	4,655	$346.2k4.7k shares
S&P GLOBAL INC SPGI	SPGI	764	$325.0k764 shares
STERIS PLC STE	STE	1,404	$310.5k1.4k shares
NU HLDGS LTD NU	NU	20,752	$298.2k20.8k shares
TRACTOR SUPPLY CO TSCO	TSCO	6,558	$297.1k6.6k shares