Emerald Acquisition Portfolio holdings

AUM $51.8B

This Quarter Est. Return

1 Year Est. Return

–

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$51.8B

AUM Growth

-$5.97B (-10%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

3,194

New

Increased

Reduced

Closed

Top Buys

1		+$60.1M
2		+$59.1M
3		+$53.8M
4	DD Du Pont De Nemours E I DD	+$53.3M
5	Kinder Morgan KMI	+$42.8M

Top Sells

1		+$142M
2		+$129M
3		+$128M
4	Wells Fargo WFC	+$121M
5	Corning GLW	+$107M

Sector Composition

1	Financials	18.06%
2	Healthcare	12.4%
3	Technology	11.83%
4	Industrials	9.77%
5	Consumer Discretionary	9.71%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal
2501	2501 Group 1 Automotive GPI $4.99B	$355K	﹤0.01%	5,561 -3,761
2502	ARA 2502 DELISTED American Renal Associates Holdings, Inc ARA	$353K	﹤0.01%	+19,305
2503	BCS.PRD.CL 2503 DELISTED Barclays Bank Plc BCS.PRD.CL	$353K	﹤0.01%	13,560 +8,000
2504	ALR 2504 DELISTED Alere Inc ALR	$351K	﹤0.01%	8,125 -9,276
2505	FNBC 2505 DELISTED First NBC Bank Holding Company FNBC	$351K	﹤0.01%	37,220 -132,330
2506	CWBC 2506 Community West Bancshares CWBC $444M	$350K	﹤0.01%	22,086 +11,999
2507	2507 Metallus MTUS $828M	$350K	﹤0.01%	33,471 -53,112
2508	2508 Southern Copper SCCO $153B	$349K	﹤0.01%	14,066 -27,212
2509	2509 Evolution Petroleum EPM $127M	$347K	﹤0.01%	+55,273
2510	LORL 2510 DELISTED Loral Space and Communications, Inc. LORL	$347K	﹤0.01%	+8,875
2511	GOOD 2511 Gladstone Commercial Corp GOOD $567M	$346K	﹤0.01%	+18,532
2512	UHT 2512 Universal Health Realty Income Trust UHT $559M	$345K	﹤0.01%	5,476 -455
2513	2513 CytomX Therapeutics CTMX $910M	$342K	﹤0.01%	21,842 -21,842
2514	CMCM 2514 Cheetah Mobile CMCM $213M	$341K	﹤0.01%	5,475 -5,474
2515	ATYR 2515 aTyr Pharma ATYR $69.4M	$339K	﹤0.01%	7,601 +2,293
2516	CMRX 2516 DELISTED Chimerix, Inc. CMRX	$339K	﹤0.01%	+61,204
2517	CPHD 2517 DELISTED Cepheid Inc CPHD	$339K	﹤0.01%	6,437 -115,690
2518	2518 Transocean RIG $4.74B	$338K	﹤0.01%	31,740 -516,974
2519	MN 2519 DELISTED MANNING & NAPIER, INC. MN	$338K	﹤0.01%	47,604 +6,899
2520	2520 Dynavax Technologies DVAX $1.78B	$336K	﹤0.01%	32,051 -323
2521	IL 2521 DELISTED IntraLinks Holdings Inc. IL	$335K	﹤0.01%	+33,345
2522	TNGO 2522 DELISTED Tangoe, Inc. TNGO	$334K	﹤0.01%	40,478 -29,564
2523	2523 Shore Bancshares SHBI $610M	$332K	﹤0.01%	28,248 +20,450
2524	CSRA 2524 DELISTED CSRA Inc. CSRA	$332K	﹤0.01%	12,376 -11,166
2525	JOY 2525 DELISTED Joy Global Inc JOY	$332K	﹤0.01%	11,957 -407,447