CLEARWATER ANALYTICS HLDGS I

Ticker: CWAN CUSIP: 185123106 Class: Common Stock

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

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

Q3 2025

Shares 592,802 Value ($000) $10,682 Avg Close $20.27 Range $17.74 - $22.92

Q2 2025

Shares 579,602 Value ($000) $12,711 Avg Close $23.01 Range $21.10 - $27.09

Q1 2025

Shares 272,437 Value ($000) $7,301 Avg Close $28.07 Range $25.39 - $32.00

Q4 2024

Shares 246,098 Value ($000) $6,773 Avg Close $28.37 Range $24.72 - $35.71

Q3 2024

Shares 295,239 Value ($000) $7,455 Avg Close $22.49 Range $17.63 - $26.02

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	592,802	$10,682	$20.27	$17.74 - $22.92
Q2 2025	579,602	$12,711	$23.01	$21.10 - $27.09
Q1 2025	272,437	$7,301	$28.07	$25.39 - $32.00
Q4 2024	246,098	$6,773	$28.37	$24.72 - $35.71
Q3 2024	295,239	$7,455	$22.49	$17.63 - $26.02