Adams Diversified Equity Fund, Inc. Reports -3.9% Total Return for Q1 2025

Adams Diversified Equity Fund reports a -3.9% return for Q1 2025, underperforming compared to benchmarks.

Quiver AI Summary

Adams Diversified Equity Fund, Inc. (NYSE: ADX) reported a total return of -3.9% on its net asset value for the first quarter of 2025, slightly outperforming the S&P 500 Index and Morningstar U.S. Large Blend category, both of which returned -4.3%. The total return based on market price for the same period was also -3.9%. As of March 31, 2025, the fund had net assets of approximately $2.53 billion, with a net asset value per share of $21.28, down from $22.81 a year prior. The fund's largest equity holdings include major companies like Apple, Microsoft, and Amazon, with a significant allocation in the Information Technology sector. The Annual Shareholder Report is expected to be available on April 23, 2025. Adams Funds, established in 1929, commits to a minimum annual distribution rate of 8% of NAV, emphasizing a reliable income stream for long-term investors.

Potential Positives

• The Fund's net asset value performance for Q1 2025, at -3.9%, was better than the S&P 500 Index and the Morningstar U.S. Large Blend category, indicating relatively strong performance against benchmarks.
• Annualized comparative returns for the Fund over 1, 3, 5, and 10 years show consistent performance, outperforming both the Morningstar U.S. Large Blend category and the S&P 500 in several timeframes.
• The Fund has a solid history of paying dividends for more than 90 years, providing reliability and attracting long-term shareholders.

Potential Negatives

• The Fund reported a total return of -3.9% for the first quarter of 2025, which may raise concerns among investors given that it underperformed the S&P 500 Index and Morningstar U.S. Large Blend category.
• The net asset value per share decreased from $22.81 to $21.28 year-over-year, indicating a decline in the Fund's value, which could potentially affect investor sentiment.
• The Fund's total net assets dropped from approximately $2.83 billion to $2.53 billion compared to the previous year, highlighting a significant reduction in the Fund's overall value and may suggest declining investor confidence.

FAQ

What were the investment returns for Adams Diversified Equity Fund in Q1 2025?

The total return was -3.9%, with dividends and capital gains reinvested.

How does Adams Diversified Equity Fund compare to the S&P 500?

The Fund's return of -3.9% is better than the S&P 500's return of -4.3% for Q1 2025.

When will the First Quarter Report to Shareholders be released?

The report is expected to be released on or about April 23, 2025.

What are the key holdings of Adams Diversified Equity Fund?

The top holdings include Apple, Microsoft, NVIDIA, and Amazon, comprising 38.3% of net assets.

What is the annual distribution rate for Adams Funds?

Adams Funds is committed to a minimum annual distribution rate of 8% of NAV, paid quarterly.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$ADX Insider Trading Activity

$ADX insiders have traded $ADX stock on the open market 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $ADX stock by insiders over the last 6 months:

• FREDERIC A ESCHERICH has made 0 purchases and 3 sales selling 25,443 shares for an estimated $554,679.
• JANE MUSSER NELSON purchased 1,155 shares for an estimated $25,048

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$ADX Hedge Fund Activity

We have seen 90 institutional investors add shares of $ADX stock to their portfolio, and 38 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• SABA CAPITAL MANAGEMENT, L.P. removed 993,832 shares (-15.5%) from their portfolio in Q4 2024, for an estimated $20,075,406
• MORGAN STANLEY added 634,292 shares (+34.6%) to their portfolio in Q4 2024, for an estimated $12,812,698
• ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC removed 364,326 shares (-40.6%) from their portfolio in Q4 2024, for an estimated $7,359,385
• LANDSCAPE CAPITAL MANAGEMENT, L.L.C. removed 278,544 shares (-67.4%) from their portfolio in Q4 2024, for an estimated $5,626,588
• PREVAIL INNOVATIVE WEALTH ADVISORS, LLC removed 168,861 shares (-57.3%) from their portfolio in Q4 2024, for an estimated $3,410,992
• 1607 CAPITAL PARTNERS, LLC added 155,295 shares (+26.3%) to their portfolio in Q4 2024, for an estimated $3,136,959
• LAZARD ASSET MANAGEMENT LLC added 143,863 shares (+5.0%) to their portfolio in Q4 2024, for an estimated $2,906,032

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

BALTIMORE, April 17, 2025 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund’s investment returns for the first quarter of 2025. The total return on the Fund’s net asset value for the first quarter of 2025 was -3.9%, with dividends and capital gains reinvested. This compared to -4.3% total return for both the S&P 500 Index and the Morningstar U.S. Large Blend category. The total return on the Fund’s market price for the period was -3.9%.

The First Quarter Report to Shareholders is expected to be released on or about April 23, 2025.

NET ASSET VALUE ANNOUNCED

The Fund’s net asset value at March 31, 2025, compared with the year earlier, was:

About Adams Funds

Since 1929, Adams Funds has consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO). The Funds are actively managed by an experienced team with a disciplined approach and have paid dividends for more than 90 years across many market cycles. The Funds are committed to paying a minimum annual distribution rate of 8% of NAV paid evenly each quarter throughout the year, providing reliability for long-term shareholders. A portion of any distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain, and return of capital. The final determination of the source of all distributions for tax reporting purposes in a calendar year, including the percentage of qualified dividend income, will be made after year-end. Shares can be purchased through our transfer agent or through a broker. For more information about Adams Funds, please visit:

adamsfunds.com

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For further information: adamsfunds.com/about/contact │800.638.2479

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.