Adams Diversified Equity Fund
114 hedge funds and large institutions have $243M invested in Adams Diversified Equity Fund in 2018 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 39 increasing their positions, 28 reducing their positions, and 23 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 28
1.29% less ownership
Funds ownership: 20.38% → 19.08% (-1.3%)
4% less funds holding
Funds holding: 119 → 114 (-5)
13% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 23
29% less capital invested
Capital invested by funds: $343M → $243M (-$101M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.76M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.39M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.96M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.75M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.97M |
| 2 |
Lazard Asset Management
New York
|
-$6.83M |
| 3 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
-$6.41M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$4.63M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCM
126
Mainstay Capital Management
Grand Blanc,
Michigan
| – | -$50K | -3,000 | Closed |
|
|
GP
127
Girard Partners
King Of Prussia,
Pennsylvania
| – | -$46K | -2,802 | Closed |
|
|
TRCT
128
Tower Research Capital (TRC)
New York
| – | -$35K | -2,087 | Closed |
|
|
SIC
129
Salem Investment Counselors
Winston Salem,
North Carolina
| – | -$26K | -1,555 | Closed |
|
|
SSB
130
Sandy Spring Bank
Olney,
Maryland
| – | -$25K | -1,518 | Closed |
|
|
SPIA
131
Steward Partners Investment Advisory
New York
| – | -$16K | -954 | Closed |
|
|
EA
132
Elm Advisors
Burlingame,
California
| – | -$6K | -343 | Closed |
|
|
TA
133
Townsend & Associates
Westminster,
Colorado
| – | -$6K | -335 | Closed |
|
|
CWM
134
Catamount Wealth Management
Westport,
Connecticut
| – | -$1K | -70 | Closed |
|
135
Fidelity Investments
Boston,
Massachusetts
| – | +$485 | +33 | +1,100% |
|
|
RMC
136
Resources Management Corp
West Hartford,
Connecticut
| – | +$1.1K | +75 | New |
|
ADX Hedge Fund Activity: Q4 2018 in Review
114 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Adams Diversified Equity Fund (ADX) for Q4 2018, worth a combined $243M — down 29% from $343M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of ADX and 20 opened new positions — a net loss of 3 holders — while 28 trimmed existing stakes and 39 added.
The largest buyer was Morgan Stanley, adding an estimated $2.76M. The largest seller was Karpus Investment Management, cutting an estimated $7.97M.
- 114 institutional investors held Adams Diversified Equity Fund (ADX) as of Q4 2018, down from 119 in Q3 2018.
- Funds reported $243M of Adams Diversified Equity Fund stock for Q4 2018, down 29% quarter-over-quarter.
- 20 funds opened new Adams Diversified Equity Fund positions in Q4 2018 and 23 closed out, a net change of -3 holders.
- The largest Adams Diversified Equity Fund buyer in Q4 2018 was Morgan Stanley, an estimated $2.76M added.
- The largest Adams Diversified Equity Fund seller in Q4 2018 was Karpus Investment Management, an estimated $7.97M sold.
Based on aggregated 13F filings for Q4 2018.