BANCROFT FUND LTD

CUSIP: 059695106 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

Caldwell Trust Co
Value ($000) $55 Shares 2,479

Increased Positions (13)

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC
Value ($000) $2,152 (+22.5%) Shares 97,374 (+21.3%)
Saba Capital Management, L.P.
Value ($000) $7,985 (+16.0%) Shares 361,294 (+14.9%)
GUGGENHEIM CAPITAL LLC
Value ($000) $2,150 (+31.8%) Shares 97,301 (+30.5%)
UHLMANN PRICE SECURITIES, LLC
Value ($000) $520 (+2.6%) Shares 23,519 (+1.6%)
Pathstone Holdings, LLC
Value ($000) $2,710 (+24.3%) Shares 122,619 (+23.0%)
Mezzasalma Advisors, LLC
Value ($000) $866 (+1.9%) Shares 39,356 (+1.3%)
MORGAN STANLEY
Value ($000) $3,810 (+24.2%) Shares 172,388 (+22.9%)
Invesco Ltd.
Value ($000) $1,637 (+39.6%) Shares 74,091 (+38.2%)
STIFEL FINANCIAL CORP
Value ($000) $651 (+13.2%) Shares 29,460 (+12.0%)
FIRST TRUST ADVISORS LP
Value ($000) $267 (+29.6%) Shares 12,086 (+28.4%)
BANK OF AMERICA CORP /DE/
Value ($000) $2,237 (+2.6%) Shares 101,214 (+1.6%)
OSAIC HOLDINGS, INC.
Value ($000) $186 (+4.9%) Shares 8,403 (+2.9%)
LRI Investments, LLC
Value ($000) $7 (+2.3%) Shares 309 (+1.3%)

Decreased Positions (14)

Shaker Financial Services, LLC
Value ($000) $612 (-20.2%) Shares 27,688 (-21.0%)
Beckerman Institutional, LLC
Value ($000) $1,633 (-0.4%) Shares 73,904 (-1.4%)
SIT INVESTMENT ASSOCIATES INC
Value ($000) $6 (-9.4%) Shares 255,169 (-10.3%)
GABELLI & Co INVESTMENT ADVISERS, INC.
Value ($000) $597 (-2.6%) Shares 27,000 (-3.6%)
WELLS FARGO & COMPANY/MN
Value ($000) $440 (-44.1%) Shares 19,894 (-44.6%)
ROYAL BANK OF CANADA
Value ($000) $783 (-15.3%) Shares 35,419 (-16.2%)
AMERIPRISE FINANCIAL INC
Value ($000) $6,676 (-0.6%) Shares 302,213 (-1.5%)
ENVESTNET ASSET MANAGEMENT INC
Value ($000) $387 (-8.9%) Shares 17,510 (-9.8%)
Cetera Investment Advisers
Value ($000) $434 (-5.8%) Shares 19,659 (-6.7%)
LPL Financial LLC
Value ($000) $1,445 (-0.8%) Shares 65,376 (-1.7%)
COMMONWEALTH EQUITY SERVICES, LLC
Value ($000) $311 (+88728.6%) Shares 14,068 (-12.0%)
PNC Financial Services Group, Inc.
Value ($000) $137 (-5.9%) Shares 6,205 (-6.8%)
NewEdge Advisors, LLC
Value ($000) $367 (-1.4%) Shares 16,600 (-2.4%)
Cambridge Investment Research Advisors, Inc.
Value ($000) $1 (-5.2%) Shares 46,148 (-6.1%)

Exited Positions (5)

Advisors Asset Management, Inc.
Value ($000) $1,236 Shares 56,498
Curi Capital, LLC
Value ($000) $328 Shares 15,000
Verition Fund Management LLC
Value ($000) $699 Shares 31,929
WOLVERINE ASSET MANAGEMENT LLC
Value ($000) $82 Shares 3,760
CoreCap Advisors, LLC
Value ($000) $0 Shares 14