APPLIED OPTOELECTRONICS INC

Ticker: AAOI CUSIP: 03823U102 Class: Common Stock

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 399,050 Value ($000) $13,911 Avg Close $29.86 Range $18.50 - $41.96

Q3 2025

Shares 379,796 Value ($000) $9,848 Avg Close $25.57 Range $19.89 - $31.58

Q2 2025

Shares 370,996 Value ($000) $9,531 Avg Close $16.18 Range $9.71 - $28.01

Q1 2025

Shares 370,996 Value ($000) $5,695 Avg Close $25.15 Range $13.81 - $39.85

Q4 2024

Shares 399,460 Value ($000) $14,724 Avg Close $26.91 Range $12.42 - $44.50

Q3 2024

Shares 410,154 Value ($000) $5,869 Avg Close $10.37 Range $6.70 - $16.99

Q2 2024

Shares 399,117 Value ($000) $3,309 Avg Close $10.99 Range $8.25 - $14.69

Q1 2024

Shares 399,117 Value ($000) $5,532 Avg Close $16.85 Range $12.14 - $24.75

Q3 2017

Shares 73,886 Value ($000) $4,778 Avg Close $70.67 Range $55.13 - $103.41

Q2 2017

Shares 172,818 Value ($000) $10,678 Avg Close $58.42 Range $40.28 - $75.59

Q1 2017

Shares 252,175 Value ($000) $14,160 Avg Close $39.45 Range $21.88 - $60.19

Q4 2016

Shares 401,283 Value ($000) $9,406 Avg Close $23.17 Range $18.85 - $27.28

Q3 2016

Shares 401,283 Value ($000) $8,912 Avg Close $15.48 Range $10.34 - $22.47

Q2 2016

Shares 382,123 Value ($000) $4,261 Avg Close $11.30 Range $8.08 - $16.48

Q1 2016

Shares 423,559 Value ($000) $6,315 Avg Close $15.91 Range $11.34 - $18.96

Q4 2015

Shares 323,462 Value ($000) $5,551 Avg Close $18.15 Range $15.73 - $21.59

Q3 2015

Shares 138,049 Value ($000) $2,593 Avg Close $19.49 Range $15.54 - $22.79

Q2 2015

Shares 101,989 Value ($000) $1,771 Avg Close $15.98 Range $12.75 - $19.99

Q3 2014

Shares 327,268 Value ($000) $5,269 Avg Close $19.83 Range $15.61 - $24.10

Q2 2014

Shares 322,268 Value ($000) $7,477 Avg Close $21.45 Range $15.52 - $24.58

Q1 2014

Shares 310,448 Value ($000) $7,659 Avg Close $18.59 Range $11.19 - $28.01

Q4 2013

Shares 318,260 Value ($000) $4,332 Avg Close $12.80 Range $9.07 - $16.61

Q3 2013

Shares 130,450 Value ($000) $1,305 Avg Close $10.02 Range $9.37 - $10.44

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	399,050	$13,911	$29.86	$18.50 - $41.96
Q3 2025	379,796	$9,848	$25.57	$19.89 - $31.58
Q2 2025	370,996	$9,531	$16.18	$9.71 - $28.01
Q1 2025	370,996	$5,695	$25.15	$13.81 - $39.85
Q4 2024	399,460	$14,724	$26.91	$12.42 - $44.50
Q3 2024	410,154	$5,869	$10.37	$6.70 - $16.99
Q2 2024	399,117	$3,309	$10.99	$8.25 - $14.69
Q1 2024	399,117	$5,532	$16.85	$12.14 - $24.75
Q3 2017	73,886	$4,778	$70.67	$55.13 - $103.41
Q2 2017	172,818	$10,678	$58.42	$40.28 - $75.59
Q1 2017	252,175	$14,160	$39.45	$21.88 - $60.19
Q4 2016	401,283	$9,406	$23.17	$18.85 - $27.28
Q3 2016	401,283	$8,912	$15.48	$10.34 - $22.47
Q2 2016	382,123	$4,261	$11.30	$8.08 - $16.48
Q1 2016	423,559	$6,315	$15.91	$11.34 - $18.96
Q4 2015	323,462	$5,551	$18.15	$15.73 - $21.59
Q3 2015	138,049	$2,593	$19.49	$15.54 - $22.79
Q2 2015	101,989	$1,771	$15.98	$12.75 - $19.99
Q3 2014	327,268	$5,269	$19.83	$15.61 - $24.10
Q2 2014	322,268	$7,477	$21.45	$15.52 - $24.58
Q1 2014	310,448	$7,659	$18.59	$11.19 - $28.01
Q4 2013	318,260	$4,332	$12.80	$9.07 - $16.61
Q3 2013	130,450	$1,305	$10.02	$9.37 - $10.44