ADAMNasdaqReal Estate Investment TrustsFiscal year ends December 31Also trades as ADAMG, ADAMH, ADAMI, ADAMK, ADAML, ADAMM, ADAMN, ADAMO, ADAMZ
ADAMAS TRUST, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$7.37−0.27 (-3.53%)
Close on Oct 19, 2026
- Market cap
- $680.60M
- P/E (TTM)
- 4.4
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
49M
Shares held, 13F filers
Institutional holders
206
45 new, 20 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 13,842,837 | 15.30% | 13G (passive) amendment | Jun 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of ADAM | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 13,631,398 | – | $127.86M | +358,817 | 0.00% |
| Vanguard Capital Management LLC | 3,646,199 | – | $34.20M | −141,246 | 0.00% |
| State Street Corp | 3,458,825 | – | $33.35M | +113,489 | 0.00% |
| Invesco Ltd. | 3,162,727 | – | $29.67M | −7,318 | 0.00% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2,610,594 | – | $24.49M | +46,694 | 0.03% |
| Geode Capital Management, LLC | 2,277,233 | – | $21.37M | +37,533 | 0.00% |
| Allspring Global Investments Holdings, LLC | 2,164,125 | – | $20.08M | −703,489 | 0.03% |
| Vanguard Portfolio Management LLC | 1,738,555 | – | $16.31M | +89,311 | 0.00% |
| Charles Schwab Investment Management Inc | 1,460,835 | – | $13.70M | −172,169 | 0.00% |
| Northern Trust Corp | 1,149,187 | – | $10.78M | +157,054 | 0.00% |
| Van Eck Associates Corp | 880,853 | – | $8.26M | −71,384 | 0.01% |
| Morgan Stanley | 737,475 | – | $6.92M | −51,210 | 0.00% |
| Wolverine Asset Management LLC | 588,672 | – | $5.52M | +275,714 | 0.05% |
| Vanguard Fiduciary Trust Co | 544,381 | – | $5.11M | −7,185 | 0.00% |
| Bank of New York Mellon Corp | 496,514 | – | $4.66M | +3,222 | 0.00% |
| Nuveen, LLC | 478,562 | – | $4.49M | +281,616 | 0.00% |
| JPMorgan Chase & Co | 407,144 | – | $3.84M | −21,683 | 0.00% |
| Principal Financial Group Inc | 403,936 | – | $3.79M | −4,339 | 0.00% |
| Goldman Sachs Group Inc | 385,169 | – | $3.61M | −113,913 | 0.00% |
| Bank Of America Corp /De/ | 369,017 | – | $3.46M | −47,047 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 206 | 49M | 45 / 68 | 57 / 20 | 4M | 3M |
| Q1 2026 | 186 | 48M | 35 / 67 | 52 / 28 | 9M | 4M |
| Q4 2025 | 183 | 49M | 29 / 64 | 60 / 14 | 3M | 3M |
| Q3 2025 | 170 | 49M | 26 / 56 | 58 / 27 | 3M | 4M |
| Q2 2025 | 172 | 50M | 29 / 52 | 59 / 28 | 4M | 3M |
| Q1 2025 | 173 | 49M | 24 / 51 | 60 / 17 | 3M | 5M |
| Q4 2024 | 168 | 52M | 34 / 48 | 54 / 22 | 4M | 3M |
| Q3 2024 | 157 | 51M | 20 / 50 | 53 / 19 | 17M | 2M |
| Q2 2024 | 158 | 51M | 26 / 60 | 38 / 21 | 4M | 5M |
| Q1 2024 | 156 | 52M | 24 / 44 | 53 / 27 | 2M | 1M |
| Q4 2023 | 160 | 51M | 22 / 50 | 55 / 23 | 6M | 3M |
| Q3 2023 | 162 | 48M | 18 / 48 | 63 / 16 | 2M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of ADAM | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 5,035,999 | – | $47.24M | 0.04% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 2,599,519 | – | $24.38M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 2,217,795 | – | $20.80M | 0.03% | Jun 30, 2026 |
| Allspring Special Small Cap Value Fund | 1,518,273 | – | $14.24M | 0.48% | Jun 30, 2026 |
| Global X SuperDividend ETF | 1,484,353 | – | $13.46M | 1.11% | Jul 31, 2026 |
| Invesco KBW High Dividend Yield Financial ETF | 1,337,667 | – | $12.31M | 2.88% | May 31, 2026 |
| iShares Mortgage Real Estate ETF | 970,808 | – | $9.11M | 1.66% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 963,914 | – | $9.04M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 938,303 | – | $8.51M | 0.02% | Jul 31, 2026 |
| VanEck Mortgage REIT Income ETF | 892,615 | – | $8.37M | 2.09% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 808,781 | – | $7.59M | 0.05% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 765,243 | – | $7.18M | 0.04% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Growth ETF | 754,304 | – | $7.08M | 0.09% | Jun 30, 2026 |
| Invesco S&P SmallCap Momentum ETF | 741,999 | – | $6.73M | 0.22% | Jul 31, 2026 |
| Invesco S&P SmallCap Value with Momentum ETF | 685,619 | – | $6.22M | 0.92% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Jason T. Serrano | Chief Executive Officer, Director | 389,714 | Jan 28, 2026 |
| Kristine Rimando Nario-Eng | Chief Financial Officer | 156,546 | Jan 28, 2026 |
| Nicholas Mah | President | 251,456 | Jan 28, 2026 |
| Steven G. Norcutt | Director | 79,688 | Jun 23, 2026 |
| Audrey Greenberg | Director | 28,222 | Jun 23, 2026 |
| Gena Cheng | Director | 21,599 | Jun 23, 2026 |
| Lisa A. Pendergast | Director | 54,485 | Jun 23, 2026 |
| Steven R. Mumma | Director | 491,541 | Jun 23, 2026 |
| Michael B. Clement | Director | 101,309 | Jun 23, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Michael B. Clement Director | Jun 10, 2026 | Option exercise | +18,678 | – | – | 101,309 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 27, 2026 | Tax withholding | −751 | $8.41 | $6.32K | 156,546 |
| Nicholas Mah President | Jan 27, 2026 | Tax withholding | −2,237 | $8.41 | $18.81K | 251,456 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 27, 2026 | Tax withholding | −5,827 | $8.41 | $49.01K | 389,714 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 1, 2026 | Tax withholding | −13,342 | $7.30 | $97.40K | 157,297 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 1, 2026 | Option exercise | +24,123 | – | – | 170,639 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 1, 2026 | Tax withholding | −7,311 | $7.30 | $53.37K | 146,516 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 1, 2026 | Option exercise | +12,309 | – | – | 153,827 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 1, 2026 | Tax withholding | −5,769 | $7.30 | $42.11K | 141,518 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 1, 2026 | Option exercise | +9,765 | – | – | 147,287 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 1, 2026 | Option exercise | +34,179 | – | – | 355,007 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 1, 2026 | Tax withholding | −19,140 | $7.30 | $139.72K | 335,867 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 1, 2026 | Option exercise | +41,032 | – | – | 376,899 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 1, 2026 | Tax withholding | −21,455 | $7.30 | $156.62K | 355,444 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 1, 2026 | Tax withholding | −44,640 | $7.30 | $325.87K | 395,541 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 1, 2026 | Option exercise | +84,737 | – | – | 440,181 |
| Nicholas Mah President | Jan 1, 2026 | Option exercise | +24,414 | – | – | 231,421 |
| Nicholas Mah President | Jan 1, 2026 | Tax withholding | −14,509 | $7.30 | $105.92K | 216,912 |
| Nicholas Mah President | Jan 1, 2026 | Option exercise | +32,122 | – | – | 249,034 |
| Nicholas Mah President | Jan 1, 2026 | Tax withholding | −17,505 | $7.30 | $127.79K | 231,529 |
| Nicholas Mah President | Jan 1, 2026 | Option exercise | +48,948 | – | – | 280,477 |
| Nicholas Mah President | Jan 1, 2026 | Tax withholding | −26,784 | $7.30 | $195.52K | 253,693 |
| Michael B. Clement Director | Jun 11, 2025 | Option exercise | +18,462 | – | – | 82,631 |
| Steven R. Mumma Director | Jan 27, 2025 | Tax withholding | −9,628 | $6.05 | $58.25K | 491,541 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 27, 2025 | Tax withholding | −11,841 | $6.05 | $71.64K | 320,828 |
| Nicholas Mah President | Jan 27, 2025 | Tax withholding | −7,684 | $6.05 | $46.49K | 207,007 |
| Nicholas Mah President | Jan 1, 2025 | Tax withholding | −17,009 | $6.06 | $103.07K | 214,691 |
| Nicholas Mah President | Jan 1, 2025 | Option exercise | +7,467 | – | – | 193,284 |
| Nicholas Mah President | Jan 1, 2025 | Tax withholding | −4,118 | $6.06 | $24.96K | 189,166 |
| Nicholas Mah President | Jan 1, 2025 | Option exercise | +24,414 | – | – | 213,580 |
| Nicholas Mah President | Jan 1, 2025 | Tax withholding | −14,002 | $6.06 | $84.85K | 199,578 |
| Nicholas Mah President | Jan 1, 2025 | Option exercise | +32,122 | – | – | 231,700 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 1, 2025 | Option exercise | +4,200 | – | – | 130,439 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 1, 2025 | Tax withholding | −2,204 | $6.06 | $13.36K | 128,235 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 1, 2025 | Option exercise | +9,766 | – | – | 138,001 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 1, 2025 | Tax withholding | −5,656 | $6.06 | $34.28K | 132,345 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 1, 2025 | Option exercise | +12,310 | – | – | 144,655 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 1, 2025 | Tax withholding | −7,133 | $6.06 | $43.23K | 137,522 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 1, 2025 | Option exercise | +12,320 | – | – | 301,944 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 1, 2025 | Tax withholding | −6,316 | $6.06 | $38.27K | 295,628 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 1, 2025 | Option exercise | +34,180 | – | – | 329,808 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 1, 2025 | Tax withholding | −17,635 | $6.06 | $106.87K | 312,173 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 1, 2025 | Option exercise | +41,032 | – | – | 353,205 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 1, 2025 | Tax withholding | −20,536 | $6.06 | $124.45K | 332,669 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 27, 2024 | Tax withholding | −17,328 | $8.38 | $145.21K | 289,624 |
| Nicholas Mah President | Jan 27, 2024 | Tax withholding | −11,177 | $8.38 | $93.66K | 185,817 |
| Steven R. Mumma Director | Jan 27, 2024 | Tax withholding | −14,289 | $8.38 | $119.74K | 501,169 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 27, 2024 | Tax withholding | −4,727 | $8.38 | $39.61K | 126,239 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 24, 2024 | Award | +85,817 | – | – | 350,836 |
| Jason T. Serrano Chief Executive Officer, Director | Jan 24, 2024 | Tax withholding | −43,884 | $8.23 | $361.17K | 306,952 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 24, 2024 | Tax withholding | −17,447 | $8.23 | $143.59K | 130,966 |
| Kristine Rimando Nario-Eng Chief Financial Officer | Jan 24, 2024 | Award | +32,181 | – | – | 148,413 |
| Steven R. Mumma Director | Jan 24, 2024 | Award | +102,980 | – | – | 567,520 |
| Steven R. Mumma Director | Jan 24, 2024 | Tax withholding | −52,062 | $8.23 | $428.47K | 515,458 |
| Nicholas Mah President | Jan 24, 2024 | Award | +57,212 | – | – | 227,986 |
| Nicholas Mah President | Jan 24, 2024 | Tax withholding | −30,992 | $8.23 | $255.06K | 196,994 |
| Nicholas Mah President | Jan 1, 2024 | Option exercise | +24,414 | – | – | 183,953 |
| Nicholas Mah President | Jan 1, 2024 | Option exercise | +7,527 | – | – | 160,537 |
| Nicholas Mah President | Jan 1, 2024 | Tax withholding | −4,259 | $8.53 | $36.33K | 156,278 |
| Nicholas Mah President | Jan 1, 2024 | Option exercise | +7,467 | – | – | 163,745 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.