PERELLA WEINBERG PARTNERS

Ticker: PWP CUSIP: 71367G102 Class: Common Stock

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

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

Q4 2025

Shares 541,284 Value ($000) $9,364 Avg Close $18.56 Range $16.60 - $21.55

Q3 2025

Shares 494,652 Value ($000) $10,546 Avg Close $21.18 Range $18.47 - $23.09

Q2 2025

Shares 367,163 Value ($000) $7,130 Avg Close $17.46 Range $13.93 - $19.84

Q1 2025

Shares 206,426 Value ($000) $3,798 Avg Close $22.34 Range $17.44 - $26.58

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	541,284	$9,364	$18.56	$16.60 - $21.55
Q3 2025	494,652	$10,546	$21.18	$18.47 - $23.09
Q2 2025	367,163	$7,130	$17.46	$13.93 - $19.84
Q1 2025	206,426	$3,798	$22.34	$17.44 - $26.58