1y return+70.5%S&P 500 +20.9%
3y return+120.6%S&P 500 +68.5%
5y return+85.9%S&P 500 +74.5%
10y return+344.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $445 against $357 in the S&P 500.2
Emerald Advisers, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TVTXTravere Therapeutics Inc | $90.9M | 2.1% | +2.8% |
| CDNLCardinal Infrastructure Group | $79.9M | 1.9% | +46.6% |
| MRCYMercury Systems Inc | $78.1M | 1.8% | +7.3% |
| AIRAar Corporation | $74.6M | 1.8% | +17.1% |
| VSECVse Corporation | $73.8M | 1.7% | +2.7% |
| KLICKulicke And Soffa Industries | $73.8M | 1.7% | −3.1% |
| AGXArgan Inc | $71.3M | 1.7% | −6.3% |
| CECOCeco Environmental Corp | $66.9M | 1.6% | +40.9% |
| CORTCorcept Therapeutics Inc | $65.1M | 1.5% | +264.0% |
| Livanova PLCCUSIP G5509L101 | $64.7M | 1.5% | +17.4% |
| SMTCSemtech Corp | $63.6M | 1.5% | −14.0% |
| IDCCInterdigital Inc Pa Com | $63.3M | 1.5% | +114.8% |
| ESEEsco Technologies Inc | $62.9M | 1.5% | +10.5% |
| ACLSAxcelis Technologies Inc | $62.6M | 1.5% | +243.4% |
| PDFSPdf Solutions Inc | $62.6M | 1.5% | +2.7% |
| PLXSPlexus Corp | $62.5M | 1.5% | +24.7% |
| COHUCohu Inc | $62.4M | 1.5% | +8.1% |
| COGTCogent Biosciences Inc | $62.0M | 1.5% | |
| ALGTAllegiant Travel Co | $55.9M | 1.3% | +40.6% |
| LGNLegence Corp | $55.7M | 1.3% | New |
| MIRMMirum Pharmaceuticals Inc | $54.8M | 1.3% | +17.9% |
| GHGuardant Health Inc | $54.6M | 1.3% | −56.8% |
| MODModine Manufacturing Co | $54.1M | 1.3% | −46.4% |
| AXAxos Financial Inc | $52.2M | 1.2% | +8.0% |
| SEISolaris Energy Infrastructure Inc | $51.5M | 1.2% | +7.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TTMITtm Technologies Inc | September 30, 2024 | +924.8% | $41.4M |
| COGTCogent Biosciences Inc | June 30, 2025 | +439.0% | $62.0M |
| CDNLCardinal Infrastructure Group | December 31, 2025 | +289.6% | $79.9M |
| TVTXTravere Therapeutics Inc | June 30, 2023 | +269.9% | $90.9M |
| LASRNlight Inc | June 30, 2025 | +253.8% | $51.3M |
| GHGuardant Health Inc | March 31, 2025 | +252.2% | $54.6M |
| PDFSPdf Solutions Inc | June 30, 2022 | +229.1% | $62.6M |
| SYRESpyre Therapeutics | September 30, 2024 | +201.9% | $50.4M |
| AGXArgan Inc | September 30, 2025 | +195.7% | $71.3M |
| SEISolaris Energy Infrastructure Inc | December 31, 2024 | +179.6% | $51.5M |
Sold off last quarter
- BBIOBridgebio Pharma Inc was $38.3M
- SPXCSpx Technologies Inc was $29.4M
- Kalvista Pharmaceuticals IncCUSIP 483497103 was $25.4M
- SITMSitime Corporation was $22.7M
- IONQIonq Inc was $12.9M
- Soleno Therapeutics IncCUSIP 834203309 was $9.2M
- Skywater Technology IncCUSIP 83089J108 was $7.9M
- BYRNByrna Technologies Inc was $4.0M
- VRTVertiv Holdings was $1.8M
- FOURShift4 Payments Inc was $1.1M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +38.4% | +14.8% |
| March 31, 2026 | −0.1% | −4.6% |
| December 31, 2025 | +6.0% | +2.4% |
| September 30, 2025 | +16.4% | +7.8% |
| June 30, 2025 | +21.9% | +10.5% |
| March 31, 2025 | −12.1% | −4.6% |
| December 31, 2024 | +2.8% | +2.1% |
| September 30, 2024 | +6.2% | +5.4% |
| June 30, 2024 | +3.2% | +4.0% |
| March 31, 2024 | +3.3% | +10.0% |
| December 31, 2023 | +14.8% | +11.2% |
| September 30, 2023 | −9.7% | −3.6% |
| June 30, 2023 | +8.8% | +8.3% |
| March 31, 2023 | +4.6% | +7.0% |
| December 31, 2022 | +7.6% | +7.1% |
| September 30, 2022 | −0.7% | −5.3% |
| June 30, 2022 | −20.8% | −16.5% |
| March 31, 2022 | −11.6% | −4.9% |
| December 31, 2021 | +1.2% | +10.7% |
| September 30, 2021 | −2.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Emerald Advisers, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1015083&type=13F-HR&dateb=&owner=include&count=40CIK 1015083
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1015083/000110465926090959/Filed August 5, 2026 · accession 0001104659-26-090959