VSE CORP

Ticker: VSEC CUSIP: 918284100 Class: Common Stock

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

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

Q4 2025

Shares 168,352 Value ($000) $29,086 Avg Close $170.91 Range $154.50 - $185.91

Q3 2025

Shares 135,516 Value ($000) $22,528 Avg Close $152.29 Range $123.45 - $174.37

Q2 2025

Shares 132,416 Value ($000) $17,344 Avg Close $124.34 Range $100.25 - $140.37

Q1 2025

Shares 71,024 Value ($000) $8,522 Avg Close $106.92 Range $88.36 - $128.36

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	168,352	$29,086	$170.91	$154.50 - $185.91
Q3 2025	135,516	$22,528	$152.29	$123.45 - $174.37
Q2 2025	132,416	$17,344	$124.34	$100.25 - $140.37
Q1 2025	71,024	$8,522	$106.92	$88.36 - $128.36