Adage Capital Partners’s Advanced Drainage Systems WMS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$75.4M	Buy	550,000 +400,000	+267%	+$61.9M	0.12%	173
2025 Q4	$21.7M	Sell	150,000 -84,000	-36%	-$12.2M	0.03%	461
2025 Q3	$32.5M	Sell	234,000 -1,000	-0.4%	-$131K	0.05%	341
2025 Q2	$27M	Buy	235,000 +180,000	+327%	+$20.2M	0.05%	371
2025 Q1	$5.98M	Sell	55,000 -70,000	-56%	-$8.16M	0.01%	674
2024 Q4	$14.4M	Buy	125,000 +92,000	+279%	+$12.8M	0.03%	515
2024 Q3	$5.19M	Sell	33,000 -76,700	-70%	-$12M	0.01%	711
2024 Q2	$17.6M	Buy	+109,700	New	+$18.3M	0.03%	472
2023 Q4	–	Sell	-150,000	Closed	-$17.1M	–	936
2023 Q3	$17.1M	Buy	+150,000	New	+$18.3M	0.04%	433
2022 Q1	–	Sell	-50,000	Closed	-$6.81M	–	1137
2021 Q4	$6.81M	Buy	+50,000	New	+$6.15M	0.01%	783
2021 Q3	–	Sell	-175,000	Closed	-$20.4M	–	1076
2021 Q2	$20.4M	Buy	+175,000	New	+$19.4M	0.04%	453
2020 Q3	–	Sell	-326,670	Closed	-$16.1M	–	823
2020 Q2	$16.1M	Buy	326,670 +226,670	+227%	+$9.31M	0.04%	436
2020 Q1	$2.94M	Buy	+100,000	New	+$4.04M	0.01%	629