Emerald Mutual Fund Advisers Trust’s Guidewire Software GWRE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q2	–	Sell	-200,381	Closed	-$16.2M	–	246
2018 Q1	$16.2M	Hold	200,381	–	–	0.63%	54
2017 Q4	$14.9M	Buy	200,381 +1,230	+0.6%	+$95K	0.59%	59
2017 Q3	$15.5M	Sell	199,151 -51,890	-21%	-$3.8M	0.65%	54
2017 Q2	$17.2M	Hold	251,041	–	–	0.75%	54
2017 Q1	$14.1M	Hold	251,041	–	–	0.65%	54
2016 Q4	$12.4M	Hold	251,041	–	–	0.59%	63
2016 Q3	$15.1M	Buy	251,041 +7,460	+3%	+$459K	0.77%	46
2016 Q2	$15M	Buy	243,581 +8,540	+4%	+$492K	0.84%	37
2016 Q1	$12.8M	Sell	235,041 -48,680	-17%	-$2.54M	0.72%	54
2015 Q4	$17.1M	Buy	283,721 +20,590	+8%	+$1.19M	0.9%	33
2015 Q3	$13.8M	Buy	263,131 +66,470	+34%	+$3.68M	0.91%	33
2015 Q2	$10.4M	Buy	196,661 +31,624	+19%	+$1.63M	0.8%	47
2015 Q1	$8.51M	Sell	165,037 -730	-0.4%	-$37.8K	0.7%	57
2014 Q4	$8.39M	Buy	165,767 +50,700	+44%	+$2.49M	0.73%	51
2014 Q3	$5.1M	Hold	115,067	–	–	0.49%	77
2014 Q2	$4.68M	Buy	115,067 +4,490	+4%	+$178K	0.43%	88
2014 Q1	$5.42M	Sell	110,577 -72,887	-40%	-$3.65M	0.52%	75
2013 Q4	$8.79M	Buy	183,464 +98,687	+116%	+$4.66M	0.52%	72
2013 Q3	$3.99M	Sell	84,777 -19,580	-19%	-$881K	0.55%	67
2013 Q2	$4.39M	Buy	+104,357	New	+$4.17M	0.74%	50