PROTO LABS INC

Ticker: PRLB CUSIP: 743713109 Class: EQTY

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

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

Q4 2014

Shares 107,583 Value ($000) $7,225 Avg Close $65.74 Range $54.97 - $73.46

Q3 2014

Shares 74,000 Value ($000) $5,106 Avg Close $78.24 Range $68.88 - $94.23

Q2 2014

Shares 95,660 Value ($000) $7,836 Avg Close $67.73 Range $58.06 - $83.06

Q1 2014

Shares 91,970 Value ($000) $6,224 Avg Close $74.38 Range $62.09 - $84.00

Q4 2013

Shares 79,520 Value ($000) $5,828 Avg Close $77.51 Range $65.52 - $89.97

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	107,583	$7,225	$65.74	$54.97 - $73.46
Q3 2014	74,000	$5,106	$78.24	$68.88 - $94.23
Q2 2014	95,660	$7,836	$67.73	$58.06 - $83.06
Q1 2014	91,970	$6,224	$74.38	$62.09 - $84.00
Q4 2013	79,520	$5,828	$77.51	$65.52 - $89.97