Adams Diversified Equity Fund, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- James Phillip Haynie
- Full Time Employees
- 30
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 500 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Mar 17, 1980
- CIK
- 0000002230
- Website
- adamsfunds.com
- Similar Companies
- Business
- Adams Diversified Equity Fund, Inc. Adams Diversified Equity Fund, Inc. (NYSE: ADX) operates as an internally managed, diversified closed-end fund focused on preservation of capital, reasonable income, and capital appreciation; it invests primarily in a broadly diversified portfolio of high-quality, large-cap U.S. equities across multiple sectors including information technology, financials, health care, consumer discretionary, communication services, industrials, consumer staples, energy, materials, real estate, and utilities. The fund holds positions in leading companies such as NVIDIA Corporation, Microsoft Corporation, Apple Inc., Alphabet Inc. Class A, Amazon.com, Inc., Meta Platforms, Inc. Class A, Broadcom Inc., JPMorgan Chase & Co., Tesla, Inc., and non-controlled affiliate Adams Natural Resources Fund, Inc.; it also employs total return swap agreements for paired trade strategies to manage sector exposure or enhance returns, while utilizing securities lending for additional income; short-term investments and cash support liquidity and operations. Founded in 1840 as part of the Adams Express Company and renamed Adams Diversified Equity Fund effective March 31, 2015, the fund maintains headquarters at 500 East Pratt Street, Suite 1300, Baltimore, Maryland, with an additional office in Boston, Massachusetts; it trades on the New York Stock Exchange and NASDAQ under XADEX for NAV, serving retail and institutional investors seeking long-term growth and income through quarterly distributions. In May 2024, the Board adopted a Managed Distribution Policy committing to level quarterly distributions at 8% of average net asset value annually, with payments beginning in the third quarter of 2024 derived from net investment income, realized capital gains, or return of capital as needed; distributions for 2025 total $1.85 per share year-to-date at an 8.1% annual rate, payable in newly issued shares unless cash is elected; the fund issued shares for distributions during the six months ended June 30, 2025, with no repurchases under its discount management program in that period following a 2024 tender offer. Portfolio adjustments in early 2025 included additions like Insulet and Quest Diagnostics in health care, alongside strong contributions from holdings such as Uber Technologies via its Waymo partnership, Cencora on GLP-1 drug demand, and financial names including Goldman Sachs Group, Inc., JPMorgan Chase & Co., Capital One Financial, and American International Group, Inc., driving a 7.8% NAV total return and 12.4% market price return for the first half of 2025, outperforming the S&P 500 Index's 6.2% gain.
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