Portfolio (Quarterly) Guide ↗

Adams Asset Advisors, LLC

· CIK 0001386929

13F Portfolio $891M AUM 88 positions Filed Apr 27, 2026 EDGAR ↗ ← All Funds

Q1 2026 Q4 2025 · All 5 New 30 Added 15 Reduced

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#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
21	CAG	CONAGRA BRANDS INC	Consumer Defensive	155,397.0	$2.4M	0.27%	+10K	+6.9%	$15.72	-15.2%
22	AHRT	AH REALTY TRUST INC	Financial Services	439,923.0	$2.4M	0.27%	+30K	+7.3%	$5.50	+24.2%
23	GBDC	GOLUB CAPITAL BDC INC	Financial Services	150,523.0	$1.9M	0.21%	+4K	+2.5%	$12.66	+3.3%
24	—	BLUE OWL CAPITAL CORP	—	169,701.0	$1.9M	0.21%	+12K	+7.3%	$11.06	—
25	STWD	STARWOOD PROPERTY TRUST INC	Real Estate	95,177.0	$1.6M	0.18%	+31K	+47.5%	$17.22	+0.5%
26	MSDL	MORGAN STANLEY DIRECT LENDIN	Financial Services	114,432.0	$1.6M	0.18%	+3K	+2.7%	$13.96	+9.2%
27	BXSL	BLACKSTONE SECURED LENDING F	Financial Services	50,169.0	$1.2M	0.13%	+832.0	+1.7%	$23.69	-0.3%
28	NCDL	NUVEEN CHURCHILL DIRECT LEND	Financial Services	91,021.0	$1.2M	0.13%	+3K	+3.8%	$12.72	+1.5%
29	OWL	BLUE OWL CAPITAL INC COM CL A	Financial Services	119,496.0	$1.1M	0.12%	+90K	+308.8%	$9.13	+11.0%
30	HESM	HESS MIDSTREAM LP CL A	Energy	20,550.0	$799K	0.09%	+9K	+73.1%	$38.87	-1.3%

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① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation

Energy 50.5%

Financial Services 11.0%

Consumer Defensive 10.5%

Technology 6.9%

Healthcare 6.7%

Communication Services 4.6%

Basic Materials 3.3%

Industrials 2.9%

Real Estate 2.8%

Utilities 0.9%