Adamas Trust, Inc.: which funds bought and sold

Institutions that bought and sold Adamas Trust shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 109 institutions that filed 13F reports for both quarters added to or opened positions in Adamas Trust, and 77 cut or closed them. Together they added a net 908K shares, +1.9% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 825K shares (+51.9%); index fund managers were net buyers of 404K shares (+1.5%). 42 opened a new position and 20 sold out entirely.

Bought, Q2 2026 109 institutions, 42 of them new holders Sold, Q2 2026 77 institutions, 20 of them sold out

Net change, all compared +908K shares (+1.9%)

Net change, active managers +825K shares (+51.9%), 15 bought, 8 sold

Buyers versus sellers

institutions compared, 222

109 bought 36 77 sold

Active managers and hedge funds 15 bought · 8 sold · +825K

Index fund managers 5 bought · 5 sold · +404K

Other institutions 89 bought · 64 sold · −321K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+359K +2.7%	13.6M	$128M
Nuveen, LLC	+282K +143.0%	479K	$4.5M
Wolverine Asset Management LLC	+276K +88.1%	589K	$5.5M
Jupiter Asset Management Ltd Active manager	+275K New position	275K	$2.6M
Lazard Asset Management LLC Active manager	+217K New position	217K	$2M
Prudential Financial Inc	+214K +240.6%	303K	$2.8M
FMR LLC Active manager	+157K +294.5%	211K	$2M
Northern Trust Corp Index funds	+157K +15.8%	1.1M	$10.8M
Point Nemo Capital, LLC	+145K New position	145K	$1.4M
Victory Capital Management Inc Active manager	+125K +381.5%	158K	$1.5M
State Street Corp Index funds	+113K +3.4%	3.5M	$33.4M
Citadel Advisors LLC Hedge fund	+110K New position	110K	$1M
Guggenheim Capital LLC	+90K +440.7%	110K	$1M
Vanguard Portfolio Management LLC Index funds	+89K +5.4%	1.7M	$16.3M
Odyssean, LLC	+88K New position	88K	$822,363
Hightower Advisors, LLC	+55K New position	55K	$511,918
AQR Capital Management LLC Hedge fund	+51K +22.5%	276K	$2.6M
Arete Wealth Advisors, LLC	+51K New position	51K	$473,690
Mirae Asset Global Etfs Holdings Ltd.	+47K +1.8%	2.6M	$24.5M
Arrowstreet Capital, Limited Partnership Hedge fund	+46K +75.5%	106K	$996,559

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Jupiter Asset Management Ltd Active manager	+275K New position	275K	$2.6M
Lazard Asset Management LLC Active manager	+217K New position	217K	$2M
FMR LLC Active manager	+157K +294.5%	211K	$2M
Victory Capital Management Inc Active manager	+125K +381.5%	158K	$1.5M
Citadel Advisors LLC Hedge fund	+110K New position	110K	$1M
AQR Capital Management LLC Hedge fund	+51K +22.5%	276K	$2.6M
Arrowstreet Capital, Limited Partnership Hedge fund	+46K +75.5%	106K	$996,559
Franklin Resources Inc Active manager	+25K +78.2%	57K	$536,498
Alliancebernstein L.P. Active manager	+24K +28.8%	108K	$793,202
Tudor Investment Corp Et Al Hedge fund	+22K +49.4%	66K	$621,444

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Allspring Global Investments Holdings, LLC	−703K −24.5%	2.2M	$20.1M
Bessemer Group Inc	−527K −99.2%	4,097	$39,000
Charles Schwab Investment Management Inc Index funds	−172K −10.5%	1.5M	$13.7M
Vanguard Capital Management LLC Index funds	−141K −3.7%	3.6M	$34.2M
Two Sigma Investments, LP Hedge fund	−118K −70.7%	49K	$457,941
Goldman Sachs Group Inc	−114K −22.8%	385K	$3.6M
Picton Mahoney Asset Management	−90K Sold out	0	—
Horizon Investments, LLC	−87K Sold out	0	—
Van Eck Associates Corp	−71K −7.5%	881K	$8.3M
UBS Group AG	−70K −34.8%	131K	$1.2M
Renaissance Technologies LLC Hedge fund	−65K Sold out	0	—
Diametric Capital, LP	−55K Sold out	0	—
Morgan Stanley	−51K −6.5%	737K	$6.9M
Susquehanna International Group, LLP	−48K −66.2%	24K	$228,328
Bank Of America Corp	−47K −11.3%	369K	$3.5M
Engineers Gate Manager LP Hedge fund	−41K −43.7%	53K	$495,264
Thrivent Financial For Lutherans	−37K −40.4%	55K	$515,000
Squarepoint Ops LLC Hedge fund	−32K Sold out	0	—
Empowered Funds, LLC	−32K Sold out	0	—
Mqs Management LLC	−31K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Two Sigma Investments, LP Hedge fund	−118K −70.7%	49K	$457,941
Renaissance Technologies LLC Hedge fund	−65K Sold out	0	—
Engineers Gate Manager LP Hedge fund	−41K −43.7%	53K	$495,264
Squarepoint Ops LLC Hedge fund	−32K Sold out	0	—
Verition Fund Management LLC Hedge fund	−17K −12.1%	121K	$1.1M
Qube Research & Technologies Ltd Hedge fund	−11K −3.8%	289K	$2.7M
Quantbot Technologies LP Hedge fund	−272 Sold out	0	—
Millennium Management LLC Hedge fund	−195 −1.4%	14K	$126,855

New positions

largest by value

Institution	Shares	Value June 30, 2026
Jupiter Asset Management LtdActive manager	275K	$2.6M
Lazard Asset Management LLCActive manager	217K	$2M
Point Nemo Capital, LLC	145K	$1.4M
Citadel Advisors LLCHedge fund	110K	$1M
Odyssean, LLC	88K	$822,363
Hightower Advisors, LLC	55K	$511,918
Arete Wealth Advisors, LLC	51K	$473,690
Greenland Capital Management LP	30K	$281,400
Atom Investors LP	28K	$265,116
Swiss Life Asset Management Ltd	24K	$220,496

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Picton Mahoney Asset Management	90K	$664,726
Horizon Investments, LLC	87K	$638,377
Renaissance Technologies LLCHedge fund	65K	$476,560
Diametric Capital, LP	55K	$405,749
Squarepoint Ops LLCHedge fund	32K	$235,417
Empowered Funds, LLC	32K	$233,231
Mqs Management LLC	31K	$224,929
Vident Advisory, LLC	21K	$157,121
Dynamic Technology Lab Private Ltd	17K	$124,325
Prelude Capital Management, LLC	14K	$102,709

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 205
Ten largest holders: 72.4%
Index fund managers: 57.7%
Active managers and hedge funds: 5.0%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	15	8	5	3	+825K	+51.9%
Index fund managers	5	5	0	0	+404K	+1.5%
Other institutions	89	64	37	17	−321K	−1.7%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Adamas Trust.

Only managers that filed a holdings report for both quarters are compared (222 here). 8 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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