Emerald Mutual Fund Advisers Trust Buys QTS Realty Trust Inc, Perficient Inc, Collegium Pharmaceutical Inc, Sells Cadence Bancorp, Vonage Holdings Corp, Reata Pharmaceuticals Inc

• New Purchases: QTS, COLL, AX, BRP, MTSI, PLMR, ADC, ACA, CCXI, VICR, VNDA, RPAY, BANC, PSTL, SASR, INTL, CATC, EFSC, REXR, DEA, BKI, SAFE, COLD, CDLX, HCAT, SRPT, AKR, CSGP, JPM, NVDA, PTBS, SMG, WAL, CNK, FB, FANG, PE, PSTG, MGY, ABT, ADBE, ALNY, WTR, MTOR, OZK, BDC, BBY, C, CLF, CMCO, CUB, DLTR, EXP, EEFT, FRME, FISV, FFIC, GME, GTN, HWC, HD, BCOR, KLIC, LMT, TELL, MRK, NCR, OIS, PLAB, PII, CRM, SP, SNV, TTWO, PAG, UFPI, AAN, ICFI, EIG, BX, ZAGG, INBK, BEAT, HI, FTNT, RP, HEAR, AL, NOW, PANW, BURL, VEEV, KN, HRTG, MOBL, ERI, BLD, GMS, SOI, TRTX, LBC, DBX, PLAN, SDC,
• Added Positions: PRFT, VIAV, HSC, ABCB, TMHC, PNFP, SAM, BHVN, MRTX, STAG, HAE, SAIL, EVER, TMDX, EVRI, LIVN, GTLS, YETI, PPBI, SMPL, NEWR, NSP, CNNE, AJRD, MRCY, URBN, CCOI, SHEN, XCUR, OCFC, IIPR, REPL, PTCT, PLYM, BDSI, V, CFCX, GOOGL, AAPL, MGI,
• Reduced Positions: CADE, VG, RETA, TNDM, VCRA, TDOC, FSCT, FIVE, PFPT, KPTI, OLLI, PTLA, SEAS, DK, NEO, CIEN, LITE, INSM, TWST, MNR, CHGG, AMTB, PLCE, MCS, MMSI, WIFI, ATSG, ASMB, VCEL, CRS, SHOO, CASH, DRNA, ILPT, EHTH, TBK, AGS, NTB, VNOM, FMBH, KL, OCX, TBBK, MC, ZGNX, TREE, BMTC, ADMS, PQG, TACO, LEAF, PUB, ISTR, AMOT, OSIS, AMAL,
• Sold Out: ARNA, TENB, ARQL, CURO, ICPT, AUB, SBT, MBIN, SAVE, CPRX, HEES, PSNL, GDOT, IIN, BWB, IMXI, QNST, ELOX, HYRE, TTI,

For the details of EMERALD MUTUAL FUND ADVISERS TRUST's stock buys and sells, go to https://www.gurufocus.com/guru/emerald+mutual+fund+advisers+trust/current-portfolio/portfolio

1. Chegg Inc (CHGG) - 1,543,517 shares, 2.47% of the total portfolio. Shares reduced by 8.53%
2. Trex Co Inc (TREX) - 643,348 shares, 2.44% of the total portfolio. Shares added by 0.02%
3. Freshpet Inc (FRPT) - 785,897 shares, 1.96% of the total portfolio. Shares added by 0.01%
4. Planet Fitness Inc (PLNT) - 599,142 shares, 1.89% of the total portfolio.
5. Horizon Therapeutics PLC (HZNP) - 1,185,516 shares, 1.81% of the total portfolio. Shares added by 0.15%

Emerald Mutual Fund Advisers Trust initiated holding in QTS Realty Trust Inc. The purchase prices were between $50.56 and $54.77, with an estimated average price of $52.45. The stock is now traded at around $57.28. The impact to a portfolio due to this purchase was 0.79%. The holding were 346,418 shares as of .

Emerald Mutual Fund Advisers Trust initiated holding in Collegium Pharmaceutical Inc. The purchase prices were between $10.72 and $22.24, with an estimated average price of $16.89. The stock is now traded at around $20.17. The impact to a portfolio due to this purchase was 0.66%. The holding were 764,912 shares as of .

Emerald Mutual Fund Advisers Trust initiated holding in Axos Financial Inc. The purchase prices were between $26.49 and $30.71, with an estimated average price of $29.27. The stock is now traded at around $27.52. The impact to a portfolio due to this purchase was 0.63%. The holding were 492,070 shares as of .

Emerald Mutual Fund Advisers Trust initiated holding in BRP Group Inc. The purchase prices were between $13.62 and $17.52, with an estimated average price of $15.98. The stock is now traded at around $16.03. The impact to a portfolio due to this purchase was 0.62%. The holding were 917,203 shares as of .

Emerald Mutual Fund Advisers Trust initiated holding in Palomar Holdings Inc. The purchase prices were between $37.61 and $55.51, with an estimated average price of $47.17. The stock is now traded at around $54.09. The impact to a portfolio due to this purchase was 0.6%. The holding were 284,039 shares as of .

Emerald Mutual Fund Advisers Trust initiated holding in MACOM Technology Solutions Holdings Inc. The purchase prices were between $19.83 and $27.63, with an estimated average price of $24.01. The stock is now traded at around $30.72. The impact to a portfolio due to this purchase was 0.6%. The holding were 530,445 shares as of .

Emerald Mutual Fund Advisers Trust added to a holding in Perficient Inc by 271.58%. The purchase prices were between $36.58 and $46.12, with an estimated average price of $40.94. The stock is now traded at around $50.23. The impact to a portfolio due to this purchase was 0.69%. The holding were 490,018 shares as of .

Emerald Mutual Fund Advisers Trust added to a holding in Viavi Solutions Inc by 93.00%. The purchase prices were between $13.37 and $16.11, with an estimated average price of $15. The stock is now traded at around $14.85. The impact to a portfolio due to this purchase was 0.49%. The holding were 1,602,496 shares as of .

Emerald Mutual Fund Advisers Trust added to a holding in Harsco Corp by 99.66%. The purchase prices were between $16.6 and $23.51, with an estimated average price of $20.98. The stock is now traded at around $15.03. The impact to a portfolio due to this purchase was 0.48%. The holding were 991,052 shares as of .

Emerald Mutual Fund Advisers Trust added to a holding in Taylor Morrison Home Corp by 203.27%. The purchase prices were between $21.63 and $27.68, with an estimated average price of $23.97. The stock is now traded at around $25.59. The impact to a portfolio due to this purchase was 0.39%. The holding were 630,640 shares as of .

Emerald Mutual Fund Advisers Trust added to a holding in Ameris Bancorp by 264.55%. The purchase prices were between $38.57 and $44.57, with an estimated average price of $42.76. The stock is now traded at around $40.96. The impact to a portfolio due to this purchase was 0.39%. The holding were 300,100 shares as of .

Emerald Mutual Fund Advisers Trust added to a holding in Pinnacle Financial Partners Inc by 51.21%. The purchase prices were between $54.58 and $64.8, with an estimated average price of $60.5. The stock is now traded at around $59.72. The impact to a portfolio due to this purchase was 0.38%. The holding were 412,966 shares as of .

Emerald Mutual Fund Advisers Trust sold out a holding in Arena Pharmaceuticals Inc. The sale prices were between $44.8 and $49.82, with an estimated average price of $47.32.

Emerald Mutual Fund Advisers Trust sold out a holding in Tenable Holdings Inc. The sale prices were between $20.87 and $27.75, with an estimated average price of $24.43.

Emerald Mutual Fund Advisers Trust sold out a holding in Arqule Inc. The sale prices were between $7.49 and $20.39, with an estimated average price of $11.77.

Emerald Mutual Fund Advisers Trust sold out a holding in Intercept Pharmaceuticals Inc. The sale prices were between $57.36 and $124.1, with an estimated average price of $90.72.

Emerald Mutual Fund Advisers Trust sold out a holding in CURO Group Holdings Corp. The sale prices were between $11.57 and $16.24, with an estimated average price of $13.39.

Emerald Mutual Fund Advisers Trust sold out a holding in Atlantic Union Bankshares Corp. The sale prices were between $35.7 and $38.58, with an estimated average price of $37.67.