BOSTON BEER INC

Ticker: SAM CUSIP: 100557107 Class: CL A

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

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

Q2 2020

Shares 42,160 Value ($000) $22,625 Avg Close $484.26 Range $349.11 - $587.85

Q1 2020

Shares 42,372 Value ($000) $15,574 Avg Close $370.86 Range $290.02 - $433.62

Q4 2019

Shares 35,406 Value ($000) $13,378 Avg Close $376.63 Range $345.26 - $405.00

Q3 2019

Shares 12,082 Value ($000) $4,399 Avg Close $393.06 Range $336.06 - $444.65

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2020	42,160	$22,625	$484.26	$349.11 - $587.85
Q1 2020	42,372	$15,574	$370.86	$290.02 - $433.62
Q4 2019	35,406	$13,378	$376.63	$345.26 - $405.00
Q3 2019	12,082	$4,399	$393.06	$336.06 - $444.65