Emerald Mutual Fund Advisers Trust
Emerald Mutual Fund Advisers Trust, managed by Scott Rehr, reported 197 positions worth $2.85B in its 2026 Q2 13F filing: 28 new and 30 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +114.8% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +21.4% | +11.4% |
| 2025 Q3 | +18.0% | +7.6% |
| 2025 Q4 | +7.4% | +3.1% |
| 2026 Q1 | +0.0% | -5.8% |
| 2026 Q2 | +39.6% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| LFSC | RBB FD INC | $90.27M | 3.20% | NO CHANGE |
| TVTX | TRAVERE THERAPEUTICS INC | $58.63M | 2.10% | +9.2% |
| CDNL | CARDINAL INFRASTRUCTURE GROUP | $51.74M | 1.80% | +53% |
| MRCY | MERCURY SYSTEMS INC | $50.44M | 1.80% | +9.8% |
| AIR | AAR CORPORATION | $48.23M | 1.70% | +20.4% |
| VSEC | VSE CORPORATION | $47.90M | 1.70% | +7% |
| KLIC | KULICKE AND SOFFA INDUSTRIES | $46.72M | 1.60% | NO CHANGE |
| AGX | ARGAN INC | $46.41M | 1.60% | -1.4% |
| CECO | CECO ENVIRONMENTAL CORP | $42.76M | 1.50% | +50.1% |
| IDCC | INTERDIGITAL INC PA COM | $41.98M | 1.50% | +144.3% |
| SMTC | SEMTECH CORP | $41.65M | 1.50% | -9.7% |
| ACLS | AXCELIS TECHNOLOGIES INC | $41.57M | 1.50% | +362.8% |
| ESE | ESCO TECHNOLOGIES INC | $40.76M | 1.40% | +18.2% |
| GH | GUARDANT HEALTH INC | $40.72M | 1.40% | -47.8% |
| LIVN | LIVANOVA PLC | $40.53M | 1.40% | +8.5% |
| PLXS | PLEXUS CORP | $40.51M | 1.40% | +31.7% |
| CORT | CORCEPT THERAPEUTICS INC | $40.42M | 1.40% | +158.8% |
| PDFS | PDF SOLUTIONS INC | $40.10M | 1.40% | -4.7% |
| COGT | COGENT BIOSCIENCES INC | $39.91M | 1.40% | +0.2% |
| COHU | COHU INC | $39.44M | 1.40% | +8.9% |
| ALGT | ALLEGIANT TRAVEL CO | $36.89M | 1.30% | +48.1% |
| LGN | LEGENCE CORP | $36.28M | 1.30% | NEW |
| AX | AXOS FINANCIAL INC | $35.71M | 1.30% | +8.9% |
| SYRE | SPYRE THERAPEUTICS | $35.62M | 1.30% | -1.7% |
| MOD | MODINE MANUFACTURING CO | $35.03M | 1.20% | -44.4% |
| MIRM | MIRUM PHARMACEUTICALS INC | $33.88M | 1.20% | +15.6% |
| UMBF | UMB FINANCIAL CORP | $33.65M | 1.20% | +48.6% |
| SEI | SOLARIS ENERGY INFRASTRUCTURE INC | $32.61M | 1.10% | +28.8% |
| BOOT | BOOT BARN HOLDINGS INC | $32.37M | 1.10% | +52.5% |
| LASR | NLIGHT INC | $31.22M | 1.10% | +4.3% |
| RSI | RUSH STREET INTERACTIVE INC | $29.98M | 1.10% | +2.7% |
| SXT | SENSIENT TECHNOLOGIES CORP | $29.02M | 1.00% | NEW |
| AGYS | AGILYSYS INC | $29.02M | 1.00% | +34.9% |
| COMP | COMPASS INC | $26.95M | 0.95% | +49.4% |
| ATRO | ASTRONICS CORP | $26.60M | 0.93% | +17.2% |
| TTMI | TTM TECHNOLOGIES INC | $26.58M | 0.93% | -69.8% |
| FRPT | FRESHPET INC | $26.37M | 0.93% | +48.2% |
| LTH | LIFETIME GROUP HOLDINGS INC | $25.85M | 0.91% | +78% |
| MANE | VERADERMICS INC | $25.81M | 0.91% | +92.1% |
| TEX | TEREX CORP NEW | $25.77M | 0.91% | NEW |
| FA | FIRST ADVANTAGE CORP | $25.74M | 0.90% | +112% |
| IPGP | IPG PHOTONICS CORP | $24.73M | 0.87% | +9.5% |
| EYE | NATIONAL VISION HOLDINGS | $24.68M | 0.87% | +38.5% |
| BLLN | BILLIONTOONE INC | $24.47M | 0.86% | +54.3% |
| DIOD | DIODES INCORPORATED | $24.23M | 0.85% | +94% |
| HRI | HERC HOLDINGS INC | $24.22M | 0.85% | NEW |
| CYTK | CYTOKENETICS INC | $23.83M | 0.84% | +106.5% |
| MXL | MAXLINEAR INC CLASS A | $23.39M | 0.82% | NEW |
| VRNS | VARONIS SYSTEMS INC | $23.32M | 0.82% | NO CHANGE |
| TRVI | TREVI THERAPEUTICS | $22.58M | 0.79% | -4.1% |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.