Madison Asset Management’s Archer Daniels Midland ADM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$12.4M	Hold	170,500	–	–	0.15%	122
2025 Q4	$9.8M	Hold	170,500	–	–	0.11%	131
2025 Q3	$10.2M	Buy	170,500 +7,600	+5%	+$445K	0.11%	126
2025 Q2	$8.6M	Hold	162,900	–	–	0.09%	139
2025 Q1	$7.82M	Hold	162,900	–	–	0.09%	142
2024 Q4	$8.23M	Sell	162,900 -14,500	-8%	-$784K	0.09%	143
2024 Q3	$10.6M	Buy	177,400 +41,500	+31%	+$2.53M	0.12%	132
2024 Q2	$8.22M	Hold	135,900	–	–	0.1%	140
2024 Q1	$8.54M	Sell	135,900 -248,041	-65%	-$14.6M	0.11%	141
2023 Q4	$27.7M	Buy	383,941 +60,313	+19%	+$4.41M	0.38%	83
2023 Q3	$24.4M	Sell	323,628 -47,977	-13%	-$3.89M	0.36%	88
2023 Q2	$28.1M	Buy	371,605 +7,233	+2%	+$548K	0.41%	81
2023 Q1	$29M	Buy	364,372 +41,427	+13%	+$3.38M	0.44%	76
2022 Q4	$30M	Sell	322,945 -5,265	-2%	-$486K	0.47%	79
2022 Q3	$26.4M	Sell	328,210 -75,604	-19%	-$6.22M	0.45%	84
2022 Q2	$31.3M	Buy	403,814 +66,906	+20%	+$5.85M	0.49%	79
2022 Q1	$30.4M	Buy	336,908 +23,295	+7%	+$1.81M	0.44%	84
2021 Q4	$21.2M	Sell	313,613 -44,345	-12%	-$2.86M	0.28%	100
2021 Q3	$21.5M	Sell	357,958 -14,496	-4%	-$869K	0.3%	98
2021 Q2	$22.6M	Sell	372,454 -4,381	-1%	-$278K	0.3%	98
2021 Q1	$21.5M	Buy	376,835 +239,835	+175%	+$13.2M	0.3%	99
2020 Q4	$6.91M	Hold	137,000	–	–	0.1%	148
2020 Q3	$6.37M	Hold	137,000	–	–	0.11%	135
2020 Q2	$5.47M	Hold	137,000	–	–	0.1%	148
2020 Q1	$4.82M	Hold	137,000	–	–	0.1%	148
2019 Q4	$6.35M	Buy	+137,000	New	+$5.84M	0.1%	168