Adams Asset Advisors’s British American Tobacco BTI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$20.1M	Hold	343,016	–	–	2.25%	9
2025 Q4	$19.4M	Sell	343,016 -3,533	-1%	-$193K	2.56%	7
2025 Q3	$18.4M	Hold	346,549	–	–	2.37%	7
2025 Q2	$16.4M	Sell	346,549 -38,967	-10%	-$1.73M	2.31%	7
2025 Q1	$15.9M	Sell	385,516 -25,000	-6%	-$983K	2.19%	8
2024 Q4	$14.9M	Buy	410,516 +16,992	+4%	+$614K	1.91%	7
2024 Q3	$14.4M	Buy	393,524 +2,757	+0.7%	+$98.5K	1.9%	7
2024 Q2	$12.1M	Buy	390,767 +30,772	+9%	+$935K	1.58%	16
2024 Q1	$11M	Buy	359,995 +11,491	+3%	+$346K	1.42%	21
2023 Q4	$10.2M	Buy	348,504 +117,173	+51%	+$3.56M	1.37%	19
2023 Q3	$7.27M	Buy	231,331 +68,460	+42%	+$2.26M	0.97%	28
2023 Q2	$5.41M	Buy	162,871 +83,507	+105%	+$2.86M	0.79%	35
2023 Q1	$2.79M	Buy	79,364 +5,067	+7%	+$191K	0.37%	46
2022 Q4	$2.97M	Buy	74,297 +3,246	+5%	+$128K	0.4%	46
2022 Q3	$2.52M	Buy	71,051 +11,299	+19%	+$453K	0.39%	45
2022 Q2	$2.56M	Buy	59,752 +27,752	+87%	+$1.19M	0.39%	46
2022 Q1	$1.35M	Sell	32,000 -503	-2%	-$21.4K	0.2%	57
2021 Q4	$1.22M	Buy	32,503 +12,503	+63%	+$444K	0.22%	59
2021 Q3	$705K	Buy	+20,000	New	+$751K	0.14%	62