Emerald Mutual Fund Advisers Trust’s Houlihan Lokey HLI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2024 Q3	–	Sell	-70,368	Closed	-$9.49M	–	233
2024 Q2	$9.49M	Sell	70,368 -62,502	-47%	-$8.18M	0.5%	73
2024 Q1	$17M	Sell	132,870 -3,930	-3%	-$486K	0.89%	43
2023 Q4	$16.4M	Hold	136,800	–	–	0.87%	46
2023 Q3	$14.7M	Sell	136,800 -16,934	-11%	-$1.75M	0.88%	45
2023 Q2	$15.1M	Hold	153,734	–	–	0.82%	57
2023 Q1	$13.5M	Sell	153,734 -2,068	-1%	-$195K	0.79%	54
2022 Q4	$13.6M	Hold	155,802	–	–	0.84%	51
2022 Q3	$11.7M	Sell	155,802 -10,120	-6%	-$820K	0.74%	57
2022 Q2	$13.1M	Sell	165,922 -36,189	-18%	-$3.03M	0.76%	52
2022 Q1	$17.7M	Sell	202,111 -88,739	-31%	-$9.14M	0.78%	48
2021 Q4	$30.1M	Sell	290,850 -7,840	-3%	-$837K	1.06%	37
2021 Q3	$27.5M	Hold	298,690	–	–	0.95%	41
2021 Q2	$24.4M	Hold	298,690	–	–	0.8%	44
2021 Q1	$19.9M	Hold	298,690	–	–	0.66%	69
2020 Q4	$20.1M	Buy	298,690 +243,580	+442%	+$15.8M	0.7%	57
2020 Q3	$3.25M	Buy	+55,110	New	+$3.16M	0.14%	121