# Emerald Investment Advisers, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2127823. Source: https://holderbook.com/funds/2127823-emerald-investment-advisers-llc/

- Reported value: $1.5B
- Positions: 268
- Weight of the ten largest: 23.8%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $68.8M | 343,758 | 4.6% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $58.6M | 202,570 | 3.9% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $48.8M | 136,516 | 3.2% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $42.6M | 114,206 | 2.8% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $30.4M | 80,607 | 2.0% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $30.3M | 127,113 | 2.0% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $20.2M | 61,789 | 1.3% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $20.0M | 34,391 | 1.3% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $18.7M | 33,124 | 1.2% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $18.6M | 158,671 | 1.2% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $16.9M | 14,081 | 1.1% | 2 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $16.8M | 38,724 | 1.1% | 2 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $16.0M | 154,263 | 1.1% | 2 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $15.7M | 75,241 | 1.0% | 2 |
| LIGAND PHARMACEUTICALS INC | [LGND](https://holderbook.com/stocks/LGND/) | $14.8M | 46,921 | 1.0% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $13.3M | 47,187 | 0.9% | 2 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $13.2M | 38,730 | 0.9% | 2 |
| WINTRUST FINL CORP | [WTFC](https://holderbook.com/stocks/WTFC/) | $13.2M | 81,946 | 0.9% | 2 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $13.0M | 68,291 | 0.9% | 2 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $12.9M | 11,425 | 0.9% | 2 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $12.6M | 109,542 | 0.8% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $12.5M | 30,090 | 0.8% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $12.4M | 29,549 | 0.8% | 2 |
| ESCO TECHNOLOGIES INC | [ESE](https://holderbook.com/stocks/ESE/) | $12.3M | 35,089 | 0.8% | 2 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $12.2M | 49,479 | 0.8% | 2 |
| SILICON MOTION TECHNOLOGY CO | [SIMO](https://holderbook.com/stocks/SIMO/) | $12.1M | 36,442 | 0.8% | 2 |
| SITIME CORP | [SITM](https://holderbook.com/stocks/SITM/) | $11.8M | 15,866 | 0.8% | 2 |
| APPLIED INDL TECHNOLOGIES IN | [AIT](https://holderbook.com/stocks/AIT/) | $11.6M | 34,221 | 0.8% | 2 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $11.6M | 16,065 | 0.8% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $11.5M | 45,889 | 0.8% | 2 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $11.4M | 17,816 | 0.8% | 2 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $11.2M | 41,060 | 0.7% | 2 |
| MACOM TECH SOLUTIONS HLDGS I | [MTSI](https://holderbook.com/stocks/MTSI/) | $11.1M | 29,168 | 0.7% | 2 |
| ENPRO INC | [NPO](https://holderbook.com/stocks/NPO/) | $10.9M | 28,953 | 0.7% | 2 |
| MATERION CORP | [MTRN](https://holderbook.com/stocks/MTRN/) | $10.8M | 36,480 | 0.7% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $10.7M | 30,465 | 0.7% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $10.5M | 30,635 | 0.7% | 2 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $10.1M | 39,635 | 0.7% | 2 |
| ENOVA INTL INC | [ENVA](https://holderbook.com/stocks/ENVA/) | $10.1M | 41,858 | 0.7% | 2 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $9.4M | 11,205 | 0.6% | 2 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $9.4M | 21,963 | 0.6% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $9.1M | 112,442 | 0.6% | 2 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $9.1M | 27,136 | 0.6% | 2 |
| MODINE MFG CO | [MOD](https://holderbook.com/stocks/MOD/) | $8.8M | 33,034 | 0.6% | 2 |
| BEL FUSE INC | [BELFB](https://holderbook.com/stocks/BELFB/) | $8.6M | 25,819 | 0.6% | 2 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $8.6M | 109,651 | 0.6% | 2 |
| EASTGROUP PPTYS INC | [EGP](https://holderbook.com/stocks/EGP/) | $8.5M | 42,118 | 0.6% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $8.5M | 7,369 | 0.6% | 1 |
| IES HOLDINGS INC | [IESC](https://holderbook.com/stocks/IESC/) | $8.5M | 11,518 | 0.6% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $8.5M | 60,450 | 0.6% | 2 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $8.4M | 63,558 | 0.6% | 2 |
| FEDERAL SIGNAL CORP | [FSS](https://holderbook.com/stocks/FSS/) | $8.3M | 64,414 | 0.6% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $8.3M | 32,530 | 0.5% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $8.1M | 71,766 | 0.5% | 2 |
| AXCELIS TECHNOLOGIES INC | [ACLS](https://holderbook.com/stocks/ACLS/) | $7.9M | 41,615 | 0.5% | 2 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $7.9M | 44,785 | 0.5% | 2 |
| APPLIED OPTOELECTRONICS INC | [AAOI](https://holderbook.com/stocks/AAOI/) | $7.9M | 53,055 | 0.5% | 2 |
| VICTORY CAP HLDGS INC DEL | [VCTR](https://holderbook.com/stocks/VCTR/) | $7.9M | 93,414 | 0.5% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $7.7M | 14,930 | 0.5% | 2 |
| ONESPAWORLD HOLDINGS LIMITED | [OSW](https://holderbook.com/stocks/OSW/) | $7.7M | 271,072 | 0.5% | 2 |
| STANDEX INTL CORP | [SXI](https://holderbook.com/stocks/SXI/) | $7.2M | 20,101 | 0.5% | 2 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $7.2M | 18,058 | 0.5% | 1 |
| ULTRA CLEAN HLDGS INC | [UCTT](https://holderbook.com/stocks/UCTT/) | $7.1M | 49,855 | 0.5% | 1 |
| ENSIGN GROUP INC | [ENSG](https://holderbook.com/stocks/ENSG/) | $7.0M | 43,732 | 0.5% | 2 |
| AXSOME THERAPEUTICS INC | [AXSM](https://holderbook.com/stocks/AXSM/) | $7.0M | 28,630 | 0.5% | 2 |
| CASELLA WASTE SYS INC | [CWST](https://holderbook.com/stocks/CWST/) | $6.9M | 71,084 | 0.5% | 2 |
| INTERDIGITAL INC | [IDCC](https://holderbook.com/stocks/IDCC/) | $6.8M | 24,120 | 0.5% | 2 |
| IDACORP INC | [IDA](https://holderbook.com/stocks/IDA/) | $6.8M | 44,637 | 0.4% | 2 |
| DAVE INC | [DAVE](https://holderbook.com/stocks/DAVE/) | $6.7M | 18,055 | 0.4% | 2 |
| SEACOAST BKG CORP FLA | [SBCF](https://holderbook.com/stocks/SBCF/) | $6.7M | 201,877 | 0.4% | 2 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $6.7M | 117,236 | 0.4% | 2 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $6.7M | 15,454 | 0.4% | 1 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $6.4M | 31,182 | 0.4% | 2 |
| MUELLER INDS INC | [MLI](https://holderbook.com/stocks/MLI/) | $6.4M | 51,703 | 0.4% | 2 |
| BOOT BARN HLDGS INC | [BOOT](https://holderbook.com/stocks/BOOT/) | $6.4M | 38,690 | 0.4% | 2 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $6.4M | 18,785 | 0.4% | 2 |
| PALOMAR HLDGS INC | [PLMR](https://holderbook.com/stocks/PLMR/) | $6.2M | 48,821 | 0.4% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $6.1M | 6,539 | 0.4% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $6.1M | 41,706 | 0.4% | 2 |
| BELDEN INC | [BDC](https://holderbook.com/stocks/BDC/) | $6.1M | 50,456 | 0.4% | 2 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $6.0M | 28,107 | 0.4% | 2 |
| CARDINAL INFRASTRUCTURE GROU | [CDNL](https://holderbook.com/stocks/CDNL/) | $6.0M | 63,364 | 0.4% | 1 |
| AZZ INC | [AZZ](https://holderbook.com/stocks/AZZ/) | $5.9M | 38,273 | 0.4% | 2 |
| ENTERPRISE FINL SVCS CORP | [EFSC](https://holderbook.com/stocks/EFSC/) | $5.9M | 89,897 | 0.4% | 2 |
| ANI PHARMACEUTICALS INC | [ANIP](https://holderbook.com/stocks/ANIP/) | $5.8M | 69,893 | 0.4% | 2 |
| INSTALLED BLDG PRODS INC | [IBP](https://holderbook.com/stocks/IBP/) | $5.7M | 24,898 | 0.4% | 2 |
| KODIAK GAS SVCS INC | [KGS](https://holderbook.com/stocks/KGS/) | $5.7M | 75,987 | 0.4% | 2 |
| WESBANCO INC | [WSBC](https://holderbook.com/stocks/WSBC/) | $5.6M | 142,868 | 0.4% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $5.5M | 15,256 | 0.4% | 2 |
| BANNER CORP | [BANR](https://holderbook.com/stocks/BANR/) | $5.5M | 83,052 | 0.4% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $5.5M | 33,226 | 0.4% | 2 |
| VSE CORP | [VSEC](https://holderbook.com/stocks/VSEC/) | $5.5M | 23,955 | 0.4% | 2 |
| ASTRANA HEALTH INC | [ASTH](https://holderbook.com/stocks/ASTH/) | $5.3M | 115,045 | 0.4% | 2 |
| KNIFE RIVER CORP | [KNF](https://holderbook.com/stocks/KNF/) | $5.3M | 63,598 | 0.4% | 2 |
| PACKAGING CORP AMER | [PKG](https://holderbook.com/stocks/PKG/) | $5.2M | 21,739 | 0.3% | 2 |
| GREEN BRICK PARTNERS INC | [GRBK](https://holderbook.com/stocks/GRBK/) | $5.1M | 64,237 | 0.3% | 2 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $5.1M | 10,638 | 0.3% | 2 |
| MAXLINEAR INC | [MXL](https://holderbook.com/stocks/MXL/) | $5.1M | 40,040 | 0.3% | 1 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $5.0M | 9,275 | 0.3% | 1 |
| NMI HLDGS INC | [NMIH](https://holderbook.com/stocks/NMIH/) | $4.9M | 119,741 | 0.3% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +20.2% | +14.8% | +5.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.5B | 268 |
| Q1 2026 | $1.1B | 251 |