Adams Diversified Equity Fund
156 hedge funds and large institutions have $450M invested in Adams Diversified Equity Fund in 2023 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 43 increasing their positions, 47 reducing their positions, and 27 closing their positions.
13% more capital invested
Capital invested by funds: $397M → $450M (+$53.1M)
1.51% more ownership
Funds ownership: 23.27% → 24.78% (+1.5%)
9% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 47
6% less funds holding
Funds holding: 166 → 156 (-10)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
30% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$44.1M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$5.29M |
| 3 |
Morgan Stanley
New York
|
+$1.37M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$889K |
| 5 |
TW
Transform Wealth
Greenwood Village,
Colorado
|
+$782K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$6.14M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.22M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.24M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.72M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.56M |
ADX Hedge Fund Activity: Q1 2023 in Review
156 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Adams Diversified Equity Fund (ADX) for Q1 2023, worth a combined $450M — up 13% from $397M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of ADX and 19 opened new positions — a net loss of 8 holders — while 47 trimmed existing stakes and 43 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $44.1M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $6.14M sold.
- 156 institutional investors held Adams Diversified Equity Fund (ADX) as of Q1 2023, down from 166 in Q4 2022.
- Funds reported $450M of Adams Diversified Equity Fund stock for Q1 2023, up 13% quarter-over-quarter.
- 19 funds opened new Adams Diversified Equity Fund positions in Q1 2023 and 27 closed out, a net change of -8 holders.
- The largest Adams Diversified Equity Fund buyer in Q1 2023 was Saba Capital Management, an estimated $44.1M added.
- The largest Adams Diversified Equity Fund seller in Q1 2023 was 1832 Asset Management, an estimated $6.14M sold.
Based on aggregated 13F filings for Q1 2023.