ADX Adams Diversified Equity Fund Inc.
NYSE · N/A close Oct 2, 2026ADX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| Oct. 20, 2000 | 3-for-2 | Forward |
About Adams Diversified Equity Fund Inc. Company overview from Wikipedia
Adams Funds, formerly the Adams Express Company, is an investment company made up of Adams Diversified Equity Fund, Inc. (NYSE: ADX), a publicly traded diversified equity fund, and Adams Natural Resources Fund Inc. (NYSE: PEO), formerly Petroleum & Resources Corp., a publicly traded closed-end fund focused on energy and natural resources stocks.
Adams Funds traces its roots to the Adams Express Company, a 19th-century freight and cargo transport business that was part of the Pony Express system. It became an investment company in 1929, just prior to the October 1929 stock market crash. Adams survived the Great Depression and is now one of the oldest closed-end funds at 91 years old. The firm uses a disciplined investment process consisting of three core tenets: identifying high-quality companies through a proprietary research process; employing rigorous analysis to assess company fundamentals; and executing a portfolio management strategy focusing on generating long-term capital appreciation. Both funds make investment decisions with an eye toward protecting investors’ principal and generating dividends and capital gains that can be used as a source of income or reinvested to increase investors’ holdings. Both funds have consistently paid dividends for over 80 years and are committed to paying an annual distribution of at least 6%.
Adams Express was founded in 1854 and is one of the oldest companies listed on the New York Stock Exchange (NYSE: ADX). It is one of only five companies that has continued to operate as a closed-end fund since 1929. The company has paid dividends continuously since 1935. The Adams Express Building, the former New York headquarters for Adams Express, was constructed beginning in 1912. In 1976, Adams relocated its headquarters to Baltimore, where it is based today.
Adams Funds is located in Baltimore, Maryland, with an office in Boston, Massachusetts. Mark E. Stoeckle has been CEO and Senior Portfolio Manager of Adams Funds since joining the firm in 2013.
History
In 1839, Alvin Adams, a produce merchant ruined by the Panic of 1837, began carrying letters, small packages and valuables for patrons between Boston and Worcester, Massachusetts. He had at first a partner named Burke, who soon withdrew, and as Adams & Company, Adams rapidly extended his territory to New York City, Philadelphia and other eastern cities. By 1847, he had penetrated deeply into the South, and by 1850 he was shipping by rail and stagecoach to St. Louis.
Adams Express was used by abolitionist groups in the 1840s to deliver anti-slavery newspapers from northern publishers to southern states; in 1849, a Richmond, Virginia slave named Henry "Box" Brown shipped himself north to Philadelphia and freedom via Adams Express. In 1855, the company was reorganized as the Adams Express Company.
A subsidiary, Adams & Company of California, had been organized in 1850 and offer express service throughout the Pacific Coast. The enterprise was led by Isaiah C. Woods. Not being under Adams' personal management, Woods badly handled it, and it failed on February 23, 1855.
By the time the Civil War started in 1861, Adams had operations throughout the American South, operating as Southern Express, led by Henry B. Plant. The company served as paymaster for both the Union and Confederate sides.
The parent company held a strong position from New England and the mid-Atlantic coast to the far Western plains. In 1910, it was the second largest stockholder in the Pennsylvania Railroad and the third largest in the New York, New Haven & Hartford Railroad, besides owning large blocks of American Express, Norfolk & Western Railroad and other shares.
The company's antebellum employment of Allan Pinkerton to solve its robbery problems was a large factor in building up the noted Pinkerton National Detective Agency. Along with the other express shipping companies, Adams' shipping interests were forcibly merged by President Woodrow Wilson into the American Railway Express Company, which later became the Railway Express Agency.
Since 1929, Adams Express has operated as a closed-end fund, (NYSE: ADX), located in Baltimore, Maryland. As of 2015, it had paid a dividend every year for 80 years (since 1935). Effective March 31, 2015, the company changed its name to Adams Diversified Equity Fund in recognition of the fact that its express activities had long ended; it continues to operate as a closed-end fund traded on the New York Stock Exchange under its previous symbol.
Cultural references
Former slave Jordan Anderson mentions Adams Express as his preferred form of payment to compensate for his years of unpaid labor, in his Letter from a Freedman to His Old Master (1865).
Adams Express Company is referenced in the punchline to a Biblical joke found in The Big Fun Book:
Q: "Why was Eve made?"
A: "For Adams Express Company."
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Not enough fundamentals data to compute this ratio group yet.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Not enough fundamentals data to compute this ratio group yet.
Financial Health Debt, liquidity, solvency — balance sheet strength
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jul 27, 2026 | $0.50 | USD | ≈7.5% |
| Apr 27, 2026 | $0.48 | USD | ≈7.7% |
| Jan 26, 2026 | $0.47 | USD | ≈7.9% |
| Nov 21, 2025 | $0.46 | USD | ≈16.7% |
| Jul 28, 2025 | $0.46 | USD | ≈15.4% |
| Apr 28, 2025 | $0.46 | USD | ≈18.1% |
| Jan 27, 2025 | $0.47 | USD | ≈14.5% |
| Nov 22, 2024 | $1.96 | USD | ≈12.2% |
| Aug 5, 2024 | $0.44 | USD | ≈8.3% |
| May 16, 2024 | $0.05 | USD | ≈6.5% |
| Feb 8, 2024 | $0.05 | USD | ≈6.9% |
| Nov 17, 2023 | $1.15 | USD | ≈13.3% |
| Aug 17, 2023 | $0.05 | USD | ≈6.3% |
| May 17, 2023 | $0.05 | USD | ≈6.8% |
| Feb 9, 2023 | $0.05 | USD | ≈6.8% |
| Nov 18, 2022 | $0.92 | USD | ≈7.1% |
| Aug 17, 2022 | $0.05 | USD | ≈1.3% |
| May 17, 2022 | $0.05 | USD | ≈1.3% |
| Feb 10, 2022 | $0.05 | USD | ≈1.2% |
| Nov 19, 2021 | $0.07 | USD | ≈5.7% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Institutional owners (13F) 229 filers · $489.8M total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 34 (+9 vs prior Q) | 16 (-2 vs prior Q) | 89 (+5 vs prior Q) | 45 (-2 vs prior Q) | +153K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| LAZARD ASSET MANAGEMENT LLC | $81,973,470 | 3,208,355 | 16.73% | Shares |
| RAYMOND JAMES FINANCIAL INC | $33,689,834 | 1,318,584 | 6.88% | Shares |
| Bensler, LLC | $28,861,439 | 1,129,607 | 5.89% | Shares |
| LPL Financial LLC | $25,984,281 | 1,016,997 | 5.30% | Shares |
| ROYAL BANK OF CANADA | $24,352,000 | 953,099 | 4.97% | Shares |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | $21,625,466 | 846,398 | 4.41% | Shares |
| MORGAN STANLEY | $19,641,415 | 768,743 | 4.01% | Shares |
| STIFEL FINANCIAL CORP | $10,560,394 | 413,322 | 2.16% | Shares |
| Advisors Asset Management, Inc. | $9,028,595 | 387,161 | 1.84% | Shares |
| Waterfront Wealth Inc. | $9,019,029 | 345,424 | 1.84% | Shares |
| ARQ WEALTH ADVISORS, LLC | $8,830,839 | 334,882 | 1.80% | Shares |
| BANK OF AMERICA CORP /DE/ | $8,187,848 | 320,464 | 1.67% | Shares |
| WELLS FARGO & COMPANY/MN | $7,538,464 | 295,048 | 1.54% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $7,295,277 | 279,405 | 1.49% | Shares |
| INTREPID FAMILY OFFICE LLC | $7,108,674 | 278,226 | 1.45% | Shares |
| AMERIPRISE FINANCIAL INC | $6,956,727 | 272,279 | 1.42% | Shares |
| GatePass Capital, LLC | $6,006,422 | 235,085 | 1.23% | Shares |
| MAI Capital Management | $5,658,534 | 221,469 | 1.16% | Shares |
| RB Capital Management, LLC | $5,398,780 | 211,303 | 1.10% | Shares |
| OSAIC HOLDINGS, INC. | $5,141,454 | 201,219 | 1.05% | Shares |
| FCA CORP /TX | $5,116,527 | 200,255 | 1.04% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $4,957,936 | 197,843 | 1.01% | Shares |
| UMB Bank, n.a. | $4,918,784 | 192,516 | 1.00% | Shares |
| Uncommon Cents Investing LLC | $4,631,451 | 181,270 | 0.95% | Shares |
| ROBERTS GLORE & CO INC /IL/ | $4,108,696 | 160,810 | 0.84% | Shares |
| Cetera Investment Advisers | $3,838,704 | 150,243 | 0.78% | Shares |
| D.A. DAVIDSON & CO. | $3,737,178 | 146,269 | 0.76% | Shares |
| 1607 Capital Partners, LLC | $3,662,311 | 143,339 | 0.75% | Shares |
| GENERAL AMERICAN INVESTORS CO INC | $3,350,218 | 131,124 | 0.68% | Shares |
| INDEPENDENT FINANCIAL GROUP, LLC | $3,299,936 | 129,156 | 0.67% | Shares |
| UBS Group AG | $3,296,614 | 129,026 | 0.67% | Shares |
| Integrated Wealth Concepts LLC | $3,261,612 | 127,656 | 0.67% | Shares |
| Priebe Wealth Holdings LLC | $3,242,671 | 149,363 | 0.66% | Shares |
| Focus Partners Wealth | $2,542,784 | 99,522 | 0.52% | Shares |
| Providence Wealth Advisors, LLC | $2,541,113 | 98,953 | 0.52% | Shares |
| GUGGENHEIM CAPITAL LLC | $2,346,256 | 91,830 | 0.48% | Shares |
| Concurrent Investment Advisors, LLC | $2,206,344 | 86,354 | 0.45% | Shares |
| Advisory Advocates, LLC | $2,184,729 | 85,508 | 0.45% | Shares |
| PMG Family Office LLC | $2,148,857 | 84,104 | 0.44% | Shares |
| Westbourne Investment Advisors, Inc. | $2,141,090 | 83,800 | 0.44% | Shares |
| Atlas Wealth LLC | $2,103,813 | 82,341 | 0.43% | Shares |
| Walsh & Associates, LLC | $2,038,660 | 79,791 | 0.42% | Shares |
| EVOLVE PRIVATE WEALTH, LLC | $2,018,322 | 78,995 | 0.41% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $1,967,763 | 77,016 | 0.40% | Shares |
| Waverly Advisors, LLC | $1,742,171 | 68,187 | 0.36% | Shares |
| Invesco Ltd. | $1,716,602 | 67,186 | 0.35% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $1,685,020 | 65,950 | 0.34% | Shares |
| DIVERSIFIED TRUST CO | $1,669,718 | 65,351 | 0.34% | Shares |
| Samalin Investment Counsel, LLC | $1,663,438 | 65,105 | 0.34% | Shares |
| HighTower Advisors, LLC | $1,633,399 | 63,930 | 0.33% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Saba Capital Management, L.P., Boaz R. Weinstein, Saba Capital Management GP, LLC ×7 filings | Nov. 25, 2024 | · | Initial filing | · | SEC |
| Karpus Management, Inc., d/b/a Karpus Investment Management I.D. | Sept. 13, 2006 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 28 insiders · 10 officers · 18 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Mark E. Stoeckle | CEO & President | Feb. 3, 2022 P | 78,269 | 0 | 0 | $0 |
| Douglas G Ober | Chairman & CEO | Jan. 14, 2013 F | 117,196 | 0 | 0 | $0 |
| Brian Stephen Hook | CFO & Treasurer | Jan. 8, 2018 F | 11,130 | 0 | 0 | $0 |
| Maureen A Jones | VP, CFO and Treasurer | Jan. 13, 2009 F | 31,632 | 0 | 0 | $0 |
| Joseph M Truta | President | Feb. 10, 2009 M | 285,953 | 0 | 0 | $0 |
| Janis F. Kerns | Gen. Counsel & Corp. Secretary | Feb. 2, 2026 P | 51,990 | 4 | 0 | $7,459 |
| Douglas Cotton Swindell | E.V.P. | July 26, 2018 S | 0 | 0 | 0 | $0 |
| James P. Haynie | E.V.P. | Jan. 8, 2018 F | 66,564 | 0 | 0 | $0 |
| Lawrence L Hooper JR | V.P., Gen'l. Counsel & Sec'y. | Jan. 8, 2018 F | 11,411 | 0 | 0 | $0 |
| Nancy J F Prue | E.V.P.& Dir.-Shareholder Com. | June 8, 2017 J | 19,183 | 0 | 0 | $0 |
| Jane Musser Nelson | Director | Oct. 31, 2024 P | 4,982 | 0 | 0 | $0 |
| Frederic A Escherich | Director | Oct. 28, 2024 S | 49,908 | 0 | 0 | $0 |
| Mary Chris Jammet | Director | Jan. 27, 2023 P | 7,833 | 0 | 0 | $0 |
| Kathleen T Mcgahran | Director | Jan. 5, 2023 A | 22,404 | 0 | 0 | $0 |
| Enrique R Arzac | Director | April 21, 2022 A | 10,575 | 0 | 0 | $0 |
| Lauriann C Kloppenburg | Director | April 26, 2021 P | 10,045 | 0 | 0 | $0 |
| Craig R Smith | Director | March 13, 2020 P | 30,802 | 0 | 0 | $0 |
| Kenneth James Dale | Director | Aug. 1, 2019 P | 15,810 | 0 | 0 | $0 |
| BONANNO PHYLLIS O | Director | April 19, 2018 J | 15,681 | 0 | 0 | $0 |
| Roger W Gale | Director | Oct. 13, 2015 P | 17,227 | 0 | 0 | $0 |
| Daniel E Emerson | Director | March 19, 2013 J | 36,450 | 0 | 0 | $0 |
| Thomas H Lenagh | Director | March 22, 2011 A | 10,273 | 0 | 0 | $0 |
| Gregory Hazlett | Director | Dec. 21, 2010 J | 0 | 0 | 0 | $0 |
| John J Roberts | Director | March 28, 2006 A | · | 0 | 0 | $0 |
| Roberts Jm Wilson | Director | April 27, 2005 A | · | 0 | 0 | $0 |
| Susan C Schwab | Director | April 27, 2005 A | · | 0 | 0 | $0 |
| David Dickinson Weaver | · | Jan. 14, 2013 F | 41,308 | 0 | 0 | $0 |
| W D Maccallan | · | April 27, 2005 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
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