Adams Diversified Equity Fund’s Pinnacle West Capital PNW Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-140,500	Closed	-$12M	–	223
2017 Q2	$12M	Hold	140,500	–	–	0.68%	57
2017 Q1	$11.7M	Hold	140,500	–	–	0.67%	62
2016 Q4	$11M	Buy	140,500 +33,000	+31%	+$2.47M	0.68%	58
2016 Q3	$8.71M	Hold	107,500	–	–	0.59%	68
2016 Q2	$8.71M	Buy	107,500 +10,000	+10%	+$746K	0.59%	68
2016 Q1	$7.32M	Hold	97,500	–	–	0.51%	71
2015 Q4	$6.29M	Hold	97,500	–	–	0.43%	75
2015 Q3	$6.25M	Sell	97,500 -17,500	-15%	-$1.07M	0.45%	72
2015 Q2	$6.54M	Hold	115,000	–	–	0.43%	78
2015 Q1	$7.33M	Hold	115,000	–	–	0.48%	77
2014 Q4	$7.86M	Hold	115,000	–	–	0.52%	78
2014 Q3	$6.28M	Hold	115,000	–	–	0.41%	84
2014 Q2	$6.65M	Hold	115,000	–	–	0.44%	83
2014 Q1	$6.29M	Hold	115,000	–	–	0.44%	84
2013 Q4	$6.09M	Hold	115,000	–	–	0.43%	84
2013 Q3	$6.29M	Sell	115,000 -230,000	-67%	-$12.9M	0.48%	80
2013 Q2	$19.1M	Buy	+345,000	New	+$20M	1.52%	25