Saba Capital Management’s Adams Diversified Equity Fund ADX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-1,339,238	Closed	-$29.9M	–	352
2025 Q3	$29.9M	Sell	1,339,238 -1,530,915	-53%	-$33.4M	0.99%	28
2025 Q2	$62.3M	Sell	2,870,153 -1,592,803	-36%	-$31.4M	1.7%	16
2025 Q1	$84.8M	Sell	4,462,956 -965,910	-18%	-$19.4M	2.33%	11
2024 Q4	$110M	Sell	5,428,866 -993,832	-15%	-$21.2M	2.76%	9
2024 Q3	$138M	Sell	6,422,698 -3,333,048	-34%	-$70.9M	3.04%	6
2024 Q2	$210M	Buy	9,755,746 +1,768,679	+22%	+$35.3M	4.61%	6
2024 Q1	$156M	Buy	7,987,067 +422,122	+6%	+$7.84M	3.42%	6
2023 Q4	$134M	Buy	7,564,945 +796,325	+12%	+$13.5M	3.3%	6
2023 Q3	$113M	Buy	6,768,620 +2,371,715	+54%	+$40.8M	3.58%	9
2023 Q2	$73.9M	Buy	4,396,905 +1,501,582	+52%	+$23.9M	2.43%	9
2023 Q1	$45M	Buy	+2,895,323	New	+$44.1M	1.09%	15
2017 Q2	–	Sell	-24,000	Closed	-$330K	–	105
2017 Q1	$330K	Buy	+24,000	New	+$322K	0.03%	85