Adams Diversified Equity Fund
ADX

$21.32

0.52%

Market Cap: 2.64B

About: Adams Diversified Equity Fund Inc is a diversified investment company. It is an internally-managed closed-end fund. The investment objectives of the company are the preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. It has a diversified equity portfolio which consists of securities of companies from Energy, Consumer Staples, Information Technology, Financials and other sectors.

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Funds holding %

of 6,702 funds

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Analysts bullish %

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News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

14% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 43

10% more capital invested

Capital invested by funds: $576M [Q4 2023] → $633M (+$56.8M) [Q1 2024]

0.77% less ownership

Funds ownership: 27.01% [Q4 2023] → 26.24% (-0.77%) [Q1 2024]

3% less funds holding

Funds holding: 154 [Q4 2023] → 150 (-4) [Q1 2024]

14% less funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 6 (-1) [Q1 2024]

19% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 21

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Research analyst outlook

We haven’t received any recent analyst ratings for ADX.

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Financial journalist opinion

Based on 4 articles about ADX published over the past 30 days

Adams Diversified Equity Fund Declares Distribution and Announces First Half Performance

BALTIMORE, July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE: ADX) today declared a distribution of $.44 per share, payable August 30, 2024 in newly issued shares unless shareholders elect to receive cash, to shareholders of record August 5, 2024. This distribution represents the initial payment under the Fund's Managed Distribution Policy to pay at least 2% of average net asset value each quarter. You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's MDP.

Adams Diversified Equity Fund Declares Distribution and Announces First Half Performance

ADX: Big 8% Yield, Big Discount To NAV (Tender Offer)

The Adams Diversified Equity Fund just increased its annual distribution yield to 8%, plus it trades at a large discount to NAV (attractive). It also just initiated a tender offer (at 98% of NAV) designed to increase shareholder value (and it's been working--and we expect the fund to continue to outperform through year-end). We review the fund (i.e. price discount, initiatives to enhance shareholder value, interest from activist investor Saba Capital and more), and then conclude with our strong opinion on investing.

ADX: Big 8% Yield, Big Discount To NAV (Tender Offer)

5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024

June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.

5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024

Adams Diversified Equity Fund Announces Commencement of Tender Offer

BALTIMORE, July 05, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announced today the commencement of the Fund's previously announced tender offer to acquire in exchange for cash up to 10%, or 12,405,174 shares, of its issued and outstanding Common Stock, at a price equal to 98% of net asset value per share as of the close of ordinary trading on the New York Stock Exchange (“NYSE”) on August 2, 2024, or, if the tender offer is extended, the day the offer expires (the “Tender Offer”).

Adams Diversified Equity Fund Announces Commencement of Tender Offer

U.S. Court of Appeals for the Second Circuit Reaffirms Ruling That Certain Closed-End Funds, Including Funds Advised by BlackRock, Violated the Investment Company Act of 1940

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today commented on the outcome of the appeal brought in the United States Court of Appeals for the Second Circuit (the “Appellate Court”) by the BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Municipal Income Fund (NYSE: MUI), Royce Global Value Trust (NYSE: RGT), Tortoise Midstream Energy Fund (NYSE: NTG), Tortoise Energy Independence Fund (NYSE: NDP), Tortois.

U.S. Court of Appeals for the Second Circuit Reaffirms Ruling That Certain Closed-End Funds, Including Funds Advised by BlackRock, Violated the Investment Company Act of 1940

ADX: Opportunity Exists

Adams Diversified Equity Fund has seen its discount narrow after announcing an increase in its managed distribution policy and tender offer. ADX's new distribution policy should offer investors a more smoothed-out distribution throughout the year each quarter. The fund's correlation with the S&P 500 Index presents an opportunity for alpha through the tender offer, but as always, there are risks to consider.

ADX: Opportunity Exists

4 Closed-End Fund Buys In The Month Of May 2024

The overall broader indexes were heading higher after April's rather brief and shallow pullback. There was a bit more volatility toward the end of the month, which will be interesting to see if that develops into anything more material. Every month I make some purchases to compound and grow my monthly cash flow over time.

4 Closed-End Fund Buys In The Month Of May 2024

3 Ways for Investors to Play America's Bulging Home Equity Piggy Banks

A Wealth of Common Sense's Ben Carlson posted an interesting article on his site in early June highlighting how America's piggy banks are full. Thanks to the pandemic, Americans are sitting on home equity of $31.79 trillion, up from $6 trillion in 2008, a compound annual growth rate of 11.03%.

3 Ways for Investors to Play America's Bulging Home Equity Piggy Banks

The 3 Best Closed-End Funds to Buy in May at a Discount

Closed-end funds are like initial public offerings in that, an initial share amount is sold to the public. With a few exceptions, they are then “closed” to new capital, which explains where they get their name.

The 3 Best Closed-End Funds to Buy in May at a Discount

ADX: 6-8% Income, Good Discount, And Solid Past Performance

Adams Diversified Equity Fund is a closed-end fund that invests in a diversified pool of equities of large-cap U.S. listed stocks. ADX uses near-zero leverage, which can be beneficial in a down market and high-interest environment. ADX's past performance is solid, especially in the last 15 years. In some ways, this is a proxy for the S&P 500 in terms of capital appreciation, with the benefit of 6% plus income.

ADX: 6-8% Income, Good Discount, And Solid Past Performance

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