Almitas Capital’s Adamas Trust ADAM Stock Holding History

Almitas Capital’s Portfolio ADAM Stock Details ADAM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-65,113	Closed	-$436K	–	87
2025 Q2	$436K	Sell	65,113 -5,399	-8%	-$34.3K	0.11%	63
2025 Q1	$458K	Hold	70,512	–	–	0.15%	63
2024 Q4	$427K	Sell	70,512 -114,627	-62%	-$674K	0.09%	73
2024 Q3	$1.17M	Hold	185,139	–	–	0.41%	40
2024 Q2	$1.08M	Hold	185,139	–	–	0.45%	50
2024 Q1	$1.33M	Sell	185,139 -96,187	-34%	-$733K	0.55%	48
2023 Q4	$2.4M	Sell	281,326 -111,519	-28%	-$940K	0.83%	38
2023 Q3	$3.34M	Sell	392,845 -16,000	-4%	-$151K	1.6%	21
2023 Q2	$4.15M	Hold	408,845	–	–	1.77%	16
2023 Q1	$4.07M	Buy	408,845 +63,083	+18%	+$684K	1.95%	17
2022 Q4	$3.54M	Hold	345,762	–	–	1.63%	16
2022 Q3	$3.24M	Buy	345,762 +83,750	+32%	+$950K	2.42%	12
2022 Q2	$2.89M	Buy	262,012 +93,656	+56%	+$1.15M	1.5%	16
2022 Q1	$2.46M	Buy	+168,356	New	+$2.46M	1.47%	22
2020 Q4	$3.62M	Sell	245,451 -12,153	-5%	-$154K	3.68%	9
2020 Q3	$2.63M	Sell	257,604 -326,387	-56%	-$3.4M	3.56%	11
2020 Q2	$6.1M	Buy	+583,991	New	+$5.12M	7.61%	2

Other funds holding ADAM

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Allspring Global Investments Charlotte, North Carolina $59.7B AUM 29.08% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong $73.7B AUM 53.56% 1-Year Est. Return

Charles Schwab San Francisco, California $654B AUM 26.35% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

Almitas Capital's ADAM Position: Q3 2025 in Review

Almitas Capital sold out of Adamas Trust (ADAM) in Q3 2025, closing a stake of 65,113 shares — an estimated $436K sold.

Almitas Capital first reported a position in ADAM in Q2 2020 and held it in 17 quarters. The position peaked at $6.1M in Q2 2020. 170 funds tracked by Wall St. Rank hold ADAM as of Q3 2025.

Almitas Capital reported no remaining Adamas Trust position as of Q3 2025 after selling out during the quarter.
Almitas Capital sold 65,113 Adamas Trust shares in Q3 2025, an estimated $436K.
Almitas Capital first reported a position in Adamas Trust in Q2 2020 and held it in 17 quarters.
Almitas Capital's Adamas Trust position peaked at $6.1M in Q2 2020.
170 funds tracked by Wall St. Rank held Adamas Trust as of Q3 2025.

Based on Almitas Capital's 13F filing for Q3 2025, filed 14 Nov 2025.