SOUTHERN FIRST BANCSHARES

Ticker: SFST CUSIP: 842873101 Class: Common Stock

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

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

Q3 2020

Shares 71,032 Value ($000) $1,715 Avg Close $25.33 Range $23.16 - $28.48

Q2 2020

Shares 71,032 Value ($000) $1,968 Avg Close $27.14 Range $23.00 - $33.73

Q1 2020

Shares 71,032 Value ($000) $2,015 Avg Close $37.23 Range $20.89 - $43.00

Q4 2019

Shares 71,032 Value ($000) $3,018 Avg Close $41.66 Range $37.46 - $44.43

Q3 2019

Shares 71,032 Value ($000) $2,831 Avg Close $38.83 Range $35.90 - $41.99

Q2 2019

Shares 71,032 Value ($000) $2,782 Avg Close $36.22 Range $33.65 - $39.31

Q1 2019

Shares 71,032 Value ($000) $2,406 Avg Close $35.68 Range $30.86 - $39.40

Q4 2018

Shares 71,032 Value ($000) $2,278 Avg Close $35.80 Range $27.33 - $40.13

Q3 2018

Shares 71,032 Value ($000) $2,792 Avg Close $43.10 Range $38.25 - $47.20

Q2 2018

Shares 71,032 Value ($000) $3,140 Avg Close $46.49 Range $43.85 - $48.75

Q1 2018

Shares 71,032 Value ($000) $3,161 Avg Close $43.80 Range $40.05 - $46.70

Q4 2017

Shares 71,032 Value ($000) $2,930 Avg Close $39.74 Range $36.00 - $43.20

Q3 2017

Shares 71,032 Value ($000) $2,582 Avg Close $36.12 Range $33.25 - $37.70

Q2 2017

Shares 71,032 Value ($000) $2,632 Avg Close $34.34 Range $31.50 - $37.50

Q1 2017

Shares 46,032 Value ($000) $1,503 Avg Close $34.16 Range $31.40 - $38.55

Q4 2016

Shares 46,032 Value ($000) $1,657 Avg Close $30.13 Range $25.47 - $36.85

Q3 2016

Shares 46,032 Value ($000) $1,270 Avg Close $27.51 Range $24.00 - $31.11

Q2 2016

Shares 46,032 Value ($000) $1,109 Avg Close $24.98 Range $22.30 - $25.98

Q1 2016

Shares 46,032 Value ($000) $1,124 Avg Close $23.32 Range $21.30 - $25.95

Q4 2015

Shares 46,032 Value ($000) $1,045 Avg Close $21.55 Range $19.28 - $22.98

Q3 2015

Shares 46,032 Value ($000) $943 Avg Close $19.93 Range $17.60 - $21.22

Q2 2015

Shares 46,032 Value ($000) $824 Avg Close $17.64 Range $16.90 - $18.35

Q1 2015

Shares 20,936 Value ($000) $377 Avg Close $17.16 Range $15.78 - $18.60

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2020	71,032	$1,715	$25.33	$23.16 - $28.48
Q2 2020	71,032	$1,968	$27.14	$23.00 - $33.73
Q1 2020	71,032	$2,015	$37.23	$20.89 - $43.00
Q4 2019	71,032	$3,018	$41.66	$37.46 - $44.43
Q3 2019	71,032	$2,831	$38.83	$35.90 - $41.99
Q2 2019	71,032	$2,782	$36.22	$33.65 - $39.31
Q1 2019	71,032	$2,406	$35.68	$30.86 - $39.40
Q4 2018	71,032	$2,278	$35.80	$27.33 - $40.13
Q3 2018	71,032	$2,792	$43.10	$38.25 - $47.20
Q2 2018	71,032	$3,140	$46.49	$43.85 - $48.75
Q1 2018	71,032	$3,161	$43.80	$40.05 - $46.70
Q4 2017	71,032	$2,930	$39.74	$36.00 - $43.20
Q3 2017	71,032	$2,582	$36.12	$33.25 - $37.70
Q2 2017	71,032	$2,632	$34.34	$31.50 - $37.50
Q1 2017	46,032	$1,503	$34.16	$31.40 - $38.55
Q4 2016	46,032	$1,657	$30.13	$25.47 - $36.85
Q3 2016	46,032	$1,270	$27.51	$24.00 - $31.11
Q2 2016	46,032	$1,109	$24.98	$22.30 - $25.98
Q1 2016	46,032	$1,124	$23.32	$21.30 - $25.95
Q4 2015	46,032	$1,045	$21.55	$19.28 - $22.98
Q3 2015	46,032	$943	$19.93	$17.60 - $21.22
Q2 2015	46,032	$824	$17.64	$16.90 - $18.35
Q1 2015	20,936	$377	$17.16	$15.78 - $18.60