Emerald Mutual Fund Advisers Trust’s Franklin Financial Network, Inc. FSB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-186,772	Closed	-$6.37M	–	269
2017 Q4	$6.37M	Sell	186,772 -3,168	-2%	-$108K	0.25%	134
2017 Q3	$6.77M	Hold	189,940	–	–	0.28%	120
2017 Q2	$7.83M	Sell	189,940 -898	-0.5%	-$36.2K	0.34%	107
2017 Q1	$7.39M	Sell	190,838 -5,594	-3%	-$218K	0.34%	105
2016 Q4	$8.22M	Buy	196,432 +25,660	+15%	+$933K	0.39%	95
2016 Q3	$6.39M	Hold	170,772	–	–	0.33%	113
2016 Q2	$5.36M	Buy	170,772 +24,690	+17%	+$740K	0.3%	116
2016 Q1	$3.94M	Hold	146,082	–	–	0.22%	130
2015 Q4	$4.58M	Hold	146,082	–	–	0.24%	121
2015 Q3	$3.27M	Buy	146,082 +48,540	+50%	+$1.13M	0.21%	132
2015 Q2	$2.24M	Buy	97,542 +37,542	+63%	+$805K	0.17%	131
2015 Q1	$1.24M	Buy	+60,000	New	+$1.26M	0.1%	156