Zazove Associates’s Adams Natural Resources Fund PEO Stock Holding History

Zazove Associates’s Portfolio PEO Stock Details PEO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$24.4K	Buy	987 +19	+2%	+$494	﹤0.01%	149
2026 Q1	$26.9K	Buy	968 +18	+2%	+$455	﹤0.01%	140
2025 Q4	$20.7K	Buy	950 +20	+2%	+$430	﹤0.01%	154
2025 Q3	$20K	Buy	930 +22	+2%	+$475	﹤0.01%	163
2025 Q2	$19.4K	Buy	908 +22	+2%	+$453	﹤0.01%	152
2025 Q1	$20.2K	Sell	886 -1,015	-53%	-$22.7K	﹤0.01%	144
2024 Q4	$41.3K	Buy	1,901 +10	+0.5%	+$228	﹤0.01%	124
2024 Q3	$42.2K	Buy	1,891 +20	+1%	+$446	﹤0.01%	117
2024 Q2	$42.5K	Hold	1,871	–	–	﹤0.01%	120
2024 Q1	$42K	Hold	1,871	–	–	0.01%	114
2023 Q4	$37K	Buy	+1,871	New	+$38.3K	﹤0.01%	119

Other funds holding PEO

ADEF

Adams Diversified Equity Fund Baltimore, Maryland $3.27B AUM 45.57% 1-Year Est. Return

SCM

Saba Capital Management New York $3.9B AUM 12.9% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Lazard Asset Management New York $66.1B AUM 33.53% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $369B AUM 28.27% 1-Year Est. Return

Cohen & Steers New York $63.2B AUM 17.15% 1-Year Est. Return

Basepoint Wealth Cedar Rapids, Iowa $175M AUM 38.39% 1-Year Est. Return

IFO

Intrepid Family Office Sarasota, Florida $135M AUM 35.66% 1-Year Est. Return

Pathstone Holdings Englewood, New Jersey $34.3B AUM 27.35% 1-Year Est. Return

Zazove Associates's PEO Position: Q2 2026 in Review

Zazove Associates increased its Adams Natural Resources Fund (PEO) stake by 2% in Q2 2026, buying an estimated $494 and bringing the position to 987 shares worth $24.4K. The position accounts for ﹤0.01% of the portfolio, ranked #149.

Zazove Associates first reported a position in PEO in Q4 2023 and has held it in 11 quarters since. The position peaked at $42.5K in Q2 2024. 100 funds tracked by Wall St. Rank hold PEO as of Q2 2026.

Zazove Associates held 987 shares of Adams Natural Resources Fund worth $24.4K as of Q2 2026.
Zazove Associates bought 19 Adams Natural Resources Fund shares in Q2 2026, an estimated $494.
Adams Natural Resources Fund made up ﹤0.01% of Zazove Associates's portfolio in Q2 2026, its #149 holding.
Zazove Associates first reported a position in Adams Natural Resources Fund in Q4 2023 and has held it in 11 quarters since.
Zazove Associates's Adams Natural Resources Fund position peaked at $42.5K in Q2 2024.
100 funds tracked by Wall St. Rank held Adams Natural Resources Fund as of Q2 2026.

Based on Zazove Associates's 13F filing for Q2 2026, filed 16 Jul 2026.