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PEO

Adams Natural Resources Fund

Name Holding Trade Value Shares
Change
Change in
Stake
ADEF
1
Adams Diversified Equity Fund
Maryland
$39.7M
COLIM
2
City of London Investment Management
United Kingdom
$4.87M +$778K +40,401 +17%
Morgan Stanley
3
Morgan Stanley
New York
$4.75M -$723K -37,519 -12%
WAM
4
Wolverine Asset Management
Illinois
$4.24M +$3.36M +174,191 +254%
UBS Group
5
UBS Group
Switzerland
$4.08M -$1.34M -69,799 -23%
TJHA
6
Thomas J. Herzfeld Advisors
Florida
$3.74M +$307K +15,917 +8%
NSAM
7
North Star Asset Management
Wisconsin
$3.4M -$221K -11,446 -6%
Wells Fargo
8
Wells Fargo
California
$2.54M +$1.18M +61,131 +73%
1CP
9
1607 Capital Partners
Virginia
$2.46M -$115K -5,978 -4%
AFWA
10
Ancora Family Wealth Advisors
Ohio
$2.46M +$2.72M +140,919 New
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$2.07M -$245K -12,703 -10%
Commonwealth Equity Services
12
Commonwealth Equity Services
Massachusetts
$2.05M +$477K +24,731 +27%
Northwestern Mutual Wealth Management
13
Northwestern Mutual Wealth Management
Wisconsin
$1.34M +$267K +13,838 +22%
LPL Financial
14
LPL Financial
California
$1.2M +$8.69K +451 +0.7%
Bank of America
15
Bank of America
North Carolina
$1.15M +$245K +12,693 +24%
GC
16
Guggenheim Capital
Illinois
$816K -$97.4K -5,056 -10%
Nuveen
17
Nuveen
North Carolina
$663K -$541K -28,065 -43%
HFS
18
HL Financial Services
Kentucky
$593K +$14.9K +771 +2%
CL
19
CSS LLC
Illinois
$567K
ADBIC
20
A.D. Beadell Investment Counsel
Wisconsin
$552K -$50.7K -2,630 -8%
LTFS
21
Ladenburg Thalmann Financial Services
Florida
$514K -$42.9K -2,228 -7%
LCM
22
Landscape Capital Management
New Jersey
$404K -$132K -6,848 -23%
Geode Capital Management
23
Geode Capital Management
Massachusetts
$399K
RJA
24
Raymond James & Associates
Florida
$386K +$85.2K +4,422 +25%
CAN
25
Cetera Advisor Networks
California
$324K -$137K -7,110 -28%