Emerald Advisers portfolio

What changed this quarter

209 positions with a change (22 new, 73 added to, 77 trimmed, 37 sold); also, 6 entered through an IPO, 2 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Bloom Energy−99%fewer sharesReduced
  2.3% → 0.1%
• TTM Technologies−70%fewer sharesReduced
  2.3% → 1.0%
• Guardant Health−57%fewer sharesReduced
  2.5% → 1.3%
• Fabrinet−99%fewer sharesReduced
  1.8% → under 0.1%
• Legence+1.3 ppof portfolioNew
  — → 1.3%
• Sensient Technologies+1.1 ppof portfolioNew
  — → 1.1%
• Corcept Therapeutics+264%more sharesIncreased
  0.3% → 1.5%
• Modine Manufacturing−46%fewer sharesReduced
  2.6% → 1.3%
• Credo Technology Group Holding−96%fewer sharesReduced
  1.5% → 0.1%
• Axcelis Technologies+243%more sharesIncreased
  0.3% → 1.5%
• Terex+0.9 ppof portfolioNew
  — → 0.9%
• BridgeBio Pharma−0.9 ppof portfolioSold out
  1.2% → —

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Travere TherapeuticsTVTX2.1%
• Cardinal Infrastructure GroupCDNL1.9%
• Mercury SystemsMRCY1.8%
• AARAIR1.8%
• VSEVSEC1.7%
• Kulicke and Soffa IndustriesKLIC1.7%
• ArganAGX1.7%
• CECO EnvironmentalCECO1.6%
• Corcept TherapeuticsCORT1.5%
• LivaNovaLIVN1.5%
• SemtechSMTC1.5%
• InterdigitalIDCC1.5%
• Esco TechnologiesESE1.5%
• Axcelis TechnologiesACLS1.5%
• PDF SolutionsPDFS1.5%
• PlexusPLXS1.5%
• COHUCOHU1.5%
• Cogent BiosciencesCOGT1.5%
• Allegiant TravelALGT1.3%
• LegenceLGN1.3%
• Mirum PharmaceuticalsMIRM1.3%
• Guardant HealthGH1.3%
• Modine ManufacturingMOD1.3%
• Axos FinancialAX1.2%
• Solaris Energy InfrastructureSEI1.2%
• NlightLASR1.2%
• Spyre TherapeuticsSYRE1.2%
• UMB FinancialUMBF1.2%
• Boot Barn HoldingsBOOT1.2%
• Rush Street InteractiveRSI1.1%
• Sensient TechnologiesSXT1.1%
• BillionToOneBLLN1.1%
• AgilysysAGYS1.1%
• AstronicsATRO1.0%
• TTM TechnologiesTTMI1.0%
• CompassCOMP1.0%
• FreshpetFRPT0.9%
• Life Time Group HoldingsLTH0.9%
• First AdvantageFA0.9%
• TerexTEX0.9%
• CytokineticsCYTK0.9%
• IPG PhotonicsIPGP0.9%
• National Vision HoldingsEYE0.9%
• DiodesDIOD0.9%
• Herc HoldingsHRI0.9%
• SynapticsSYNA0.9%
• MaxLinearMXL0.8%
• VeradermicsMANE0.8%
• Varonis SystemsVRNS0.8%
• Palvella TherapeuticsPVLA0.8%
• TETRA TechnologiesTTI0.8%
• American SuperconductorAMSC0.8%
• MoelisMC0.8%
• Kratos Defense & Security SolutionsKTOS0.8%
• Ollie's Bargain Outlet HoldingsOLLI0.8%
• RambusRMBS0.8%
• Trevi TherapeuticsTRVI0.8%
• ONTO InnovationONTO0.8%
• IMAXIMAX0.8%
• TransMedics GroupTMDX0.8%
• RXORXO0.8%
• Palomar HoldingsPLMR0.7%
• Applied OptoelectronicsAAOI0.7%
• Bj’s RestaurantsBJRI0.7%
• BancorpTBBK0.7%
• Hinge HealthHNGE0.7%
• AerovironmentAVAV0.7%
• Commvault SystemsCVLT0.7%
• MaterionMTRN0.6%
• D-Wave QuantumQBTS0.6%
• ARLO TechnologiesARLO0.6%
• Nektar TherapeuticsNKTR0.6%
• Customers BancorpCUBI0.6%
• Axsome TherapeuticsAXSM0.6%
• Bob's Discount FurnitureBOBS0.6%
• Piper Sandler CompaniesPIPR0.6%
• ImpinjPI0.6%
• NPK InternationalNPKI0.6%
• HappenHAPN0.6%
• Evolv Technologies HoldingsEVLV0.6%
• Mirion TechnologiesMIR0.6%
• Dianthus TherapeuticsDNTH0.6%
• OneSpaWorld HoldingsOSW0.6%
• RadNetRDNT0.5%
• Power IntegrationsPOWI0.5%
• Skyward Specialty Insurance GroupSKWD0.5%
• Seacoast Banking Corporation of FloridaSBCF0.5%
• Ambiq MicroAMBQ0.5%
• HIMS & Hers HealthHIMS0.5%
• ArhausARHS0.5%
• First Watch Restaurant GroupFWRG0.5%
• SavaraSVRA0.5%
• Excelerate EnergyEE0.4%
• Alphatec HoldingsATEC0.4%
• Alamar BiosciencesALMR0.4%
• Coastal FinancialCCB0.4%
• VisteonVC0.4%
• EverQuoteEVER0.4%
• Q2 HoldingsQTWO0.4%
• Lightpath TechnologiesLPTH0.4%