Adams Asset Advisors, LLC Reduces Stake in Calumet, Inc. Below 5% Threshold

Adams Asset Advisors, LLC has filed a Schedule 13G/A with the SEC, reporting a position in Calumet, Inc. (CLMT) as of January 16, 2026. The filing indicates that the investment advisor now beneficially owns 4,061,388 shares of Calumet's common stock, representing 4.7% of the company. This filing marks an amendment to their previous disclosure. Notably, the firm reported that its ownership has fallen below the 5% threshold, as indicated by the 'Item 5' certification regarding ownership of five percent or less of a class of securities. Of the total shares held, Adams Asset Advisors maintains sole voting power over 2,809,156 shares and shared voting power over 1,252,232 shares, while exercising sole dispositive power over the entire 4,061,388 share position. The securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer.