Emerald Mutual Fund Advisers Trust’s Shift4 FOUR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-165,269	Closed	-$10.4M	–	200
2025 Q4	$10.4M	Sell	165,269 -4,449	-3%	-$314K	0.51%	87
2025 Q3	$13.1M	Buy	169,718 +10,149	+6%	+$943K	0.68%	61
2025 Q2	$15.8M	Buy	159,569 +1,564	+1%	+$136K	0.96%	35
2025 Q1	$12.9M	Sell	158,005 -37,679	-19%	-$3.88M	0.92%	40
2024 Q4	$20.3M	Sell	195,684 -99,974	-34%	-$9.93M	1.23%	21
2024 Q3	$26.2M	Sell	295,658 -9,232	-3%	-$700K	1.36%	20
2024 Q2	$22.4M	Buy	304,890 +1,890	+0.6%	+$125K	1.17%	27
2024 Q1	$20M	Sell	303,000 -99,554	-25%	-$7.49M	1.04%	35
2023 Q4	$29.9M	Buy	402,554 +1,319	+0.3%	+$78.7K	1.58%	12
2023 Q3	$22.2M	Buy	401,235 +1,841	+0.5%	+$112K	1.34%	17
2023 Q2	$27.1M	Sell	399,394 -41,875	-9%	-$2.75M	1.47%	10
2023 Q1	$33.4M	Buy	441,269 +25,413	+6%	+$1.64M	1.98%	4
2022 Q4	$23.3M	Sell	415,856 -20,269	-5%	-$958K	1.44%	14
2022 Q3	$19.5M	Buy	436,125 +31,616	+8%	+$1.33M	1.23%	25
2022 Q2	$13.4M	Buy	404,509 +27,400	+7%	+$1.29M	0.78%	50
2022 Q1	$23.4M	Buy	+377,109	New	+$19.9M	1.03%	35
2020 Q4	–	Sell	-12,510	Closed	-$605K	–	267
2020 Q3	$605K	Buy	12,510 +4,050	+48%	+$180K	0.03%	193
2020 Q2	$300K	Buy	+8,460	New	+$309K	0.01%	220