Adams Diversified Equity Fund’s Automatic Data Processing ADP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-88,000	Closed	-$26.9M	–	98
2025 Q1	$26.9M	Sell	88,000 -1,800	-2%	-$543K	1.07%	23
2024 Q4	$26.3M	Buy	+89,800	New	+$26.5M	0.99%	24
2023 Q3	–	Sell	-45,500	Closed	-$10M	–	87
2023 Q2	$10M	Hold	45,500	–	–	0.42%	86
2023 Q1	$10.1M	Sell	45,500 -49,700	-52%	-$11.2M	0.45%	86
2022 Q4	$22.7M	Sell	95,200 -12,900	-12%	-$3.17M	1.09%	28
2022 Q3	$24.5M	Buy	108,100 +5,500	+5%	+$1.3M	1.22%	21
2022 Q2	$21.6M	Hold	102,600	–	–	1.02%	32
2022 Q1	$23.3M	Buy	+102,600	New	+$22M	0.93%	37
2016 Q1	–	Sell	-55,800	Closed	-$4.73M	–	77
2015 Q4	$4.73M	Sell	55,800 -53,200	-49%	-$4.58M	0.33%	79
2015 Q3	$8.76M	Hold	109,000	–	–	0.63%	59
2015 Q2	$8.74M	Hold	109,000	–	–	0.58%	64
2015 Q1	$9.34M	Hold	109,000	–	–	0.61%	65
2014 Q4	$9.09M	Sell	109,000 -15,151	-12%	-$1.23M	0.6%	70
2014 Q3	$9.06M	Sell	124,151 -62,645	-34%	-$4.52M	0.6%	69
2014 Q2	$13M	Hold	186,796	–	–	0.87%	56
2014 Q1	$12.7M	Sell	186,796 -41,004	-18%	-$2.79M	0.89%	50
2013 Q4	$16.2M	Hold	227,800	–	–	1.14%	35
2013 Q3	$14.5M	Hold	227,800	–	–	1.1%	41
2013 Q2	$13.8M	Buy	+227,800	New	+$13.6M	1.09%	41