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PEO

Adams Natural Resources Fund

Name Holding Trade Value Shares
Change
Change in
Stake
SCM
1
Saba Capital Management
New York
$67.1M +$4.41M +197,870 +7%
ADEF
2
Adams Diversified Equity Fund
Maryland
$52M +$1.2M +53,954 +2%
Morgan Stanley
3
Morgan Stanley
New York
$16.5M +$840K +37,687 +5%
Lazard Asset Management
4
Lazard Asset Management
New York
$11.9M -$721K -32,339 -6%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$10.4M +$1.03M +46,196 +11%
Pathstone Holdings
6
Pathstone Holdings
New Jersey
$6.77M +$4.05M +181,768 +150%
RJA
7
Raymond James & Associates
Florida
$5.03M +$179K +8,032 +4%
BW
8
Basepoint Wealth
Iowa
$4.99M -$325K -14,598 -6%
CL
9
CSS LLC
Illinois
$4.53M -$2.59M -116,043 -36%
Cohen & Steers
10
Cohen & Steers
New York
$4.09M
Bank of America
11
Bank of America
North Carolina
$3.12M -$524K -23,508 -14%
NSAM
12
North Star Asset Management
Wisconsin
$2.72M -$92.7K -4,159 -3%
FC
13
FCA Corp
Texas
$2.53M +$51.5K +2,309 +2%
BBPWM
14
Blue Bell Private Wealth Management
Pennsylvania
$2.11M +$906K +40,637 +75%
1CP
15
1607 Capital Partners
Virginia
$1.91M -$881K -39,520 -32%
WCM
16
Whitener Capital Management
North Carolina
$1.73M +$12.3K +551 +0.7%
Stifel Financial
17
Stifel Financial
Missouri
$1.72M +$36.7K +1,645 +2%
HighTower Advisors
18
HighTower Advisors
Illinois
$1.65M -$137K -6,155 -8%
Wealth Enhancement Advisory Services
19
Wealth Enhancement Advisory Services
Minnesota
$1.61M -$116K -5,215 -7%
DADC
20
D.A. Davidson & Co
Montana
$1.49M +$16.6K +743 +1%
UCI
21
Uncommon Cents Investing
Wisconsin
$1.42M -$4.64K -208 -0.3%
Baird Financial Group
22
Baird Financial Group
Wisconsin
$1.33M -$8.31K -373 -0.6%
NFG
23
Nations Financial Group
Iowa
$1.33M -$46.3K -2,079 -3%
WAP
24
Wealthcare Advisory Partners
Pennsylvania
$1.29M -$11.8K -531 -0.9%
Capstone Investment Advisors
25
Capstone Investment Advisors
New York
$1.25M +$1.24M +55,818 New