EXELIXIS INC

Ticker: EXEL CUSIP: 30161Q104 Class: EQTY

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

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

Q1 2017

Shares 564,819 Value ($000) $12,240 Avg Close $20.34 Range $14.22 - $23.49

Q4 2016

Shares 969,690 Value ($000) $14,458 Avg Close $14.43 Range $10.04 - $18.29

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	564,819	$12,240	$20.34	$14.22 - $23.49
Q4 2016	969,690	$14,458	$14.43	$10.04 - $18.29