ADX Adams Diversified Equity Fund Inc.

NYSE · N/A
$26.07
Price · Aug 19, 2026

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., a publicly traded diversified equity fund, and Adams Natural Resources Fund Inc., formerly Petroleum & Resources Corp., a publicly traded closed-end fund focused on energy and natural resources stocks.

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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 ↗

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ADX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

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$26.07
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$21 – $27

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Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
July 27, 2026$0.5000
April 27, 2026$0.4800
Jan. 26, 2026$0.4700
Nov. 21, 2025$0.4600
July 28, 2025$0.4600
April 28, 2025$0.4600
Jan. 27, 2025$0.4700
Nov. 22, 2024$1.9600
Aug. 5, 2024$0.4400
May 16, 2024$0.0500
Feb. 8, 2024$0.0500
Nov. 17, 2023$1.1500
Aug. 17, 2023$0.0500
May 17, 2023$0.0500
Feb. 9, 2023$0.0500
Nov. 18, 2022$0.9200
Aug. 17, 2022$0.0500
May 17, 2022$0.0500
Feb. 10, 2022$0.0500
Nov. 19, 2021$0.0700

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Institutional owners (13F) 230 filers · $417.1M total · As of June 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.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
32 (+7 vs prior Q) 16 (-2 vs prior Q) 84 (+1 vs prior Q) 45 (-1 vs prior Q) +298K

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 19.65% Shares
Bensler, LLC $28,861,439 1,129,607 6.92% Shares
LPL Financial LLC $25,984,281 1,016,997 6.23% Shares
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC $21,625,466 846,398 5.19% Shares
MORGAN STANLEY $18,971,642 742,530 4.55% Shares
RAYMOND JAMES FINANCIAL INC $10,704,071 418,946 2.57% Shares
STIFEL FINANCIAL CORP $10,560,394 413,322 2.53% Shares
Waterfront Wealth Inc. $9,019,029 345,424 2.16% Shares
ARQ WEALTH ADVISORS, LLC $8,830,839 334,882 2.12% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $7,295,277 279,405 1.75% Shares
INTREPID FAMILY OFFICE LLC $7,108,674 278,226 1.70% Shares
AMERIPRISE FINANCIAL INC $6,956,727 272,279 1.67% Shares
GatePass Capital, LLC $6,006,422 235,085 1.44% Shares
RB Capital Management, LLC $5,398,780 211,303 1.29% Shares
Advisors Asset Management, Inc. $5,379,159 266,295 1.29% Shares
FCA CORP /TX $5,116,527 200,255 1.23% Shares
OSAIC HOLDINGS, INC. $5,089,643 199,191 1.22% Shares
JONES FINANCIAL COMPANIES LLLP $4,957,936 197,843 1.19% Shares
UMB Bank, n.a. $4,918,784 192,516 1.18% Shares
Uncommon Cents Investing LLC $4,631,451 181,270 1.11% Shares
Integrated Wealth Concepts LLC $4,154,180 162,590 1.00% Shares
ROBERTS GLORE & CO INC /IL/ $4,108,696 160,810 0.99% Shares
Cetera Investment Advisers $3,838,704 150,243 0.92% Shares
D.A. DAVIDSON & CO. $3,737,178 146,269 0.90% Shares
1607 Capital Partners, LLC $3,662,311 143,339 0.88% Shares
GENERAL AMERICAN INVESTORS CO INC $3,350,218 131,124 0.80% Shares
INDEPENDENT FINANCIAL GROUP, LLC $3,299,936 129,156 0.79% Shares
Priebe Wealth Holdings LLC $3,242,671 149,363 0.78% Shares
Focus Partners Wealth $2,542,784 99,522 0.61% Shares
Providence Wealth Advisors, LLC $2,541,113 98,953 0.61% Shares
GUGGENHEIM CAPITAL LLC $2,346,256 91,830 0.56% Shares
Concurrent Investment Advisors, LLC $2,206,344 86,354 0.53% Shares
Advisory Advocates, LLC $2,184,729 85,508 0.52% Shares
PMG Family Office LLC $2,148,857 84,104 0.52% Shares
Westbourne Investment Advisors, Inc. $2,141,090 83,800 0.51% Shares
Atlas Wealth LLC $2,103,813 82,341 0.50% Shares
Walsh & Associates, LLC $2,038,660 79,791 0.49% Shares
EVOLVE PRIVATE WEALTH, LLC $2,018,322 78,995 0.48% Shares
COMMONWEALTH EQUITY SERVICES, LLC $1,967,763 77,016 0.47% Shares
UBS Group AG $1,945,888 76,160 0.47% Shares
Waverly Advisors, LLC $1,742,171 68,187 0.42% Shares
Invesco Ltd. $1,716,602 67,186 0.41% Shares
MERCER GLOBAL ADVISORS INC /ADV $1,685,020 65,950 0.40% Shares
DIVERSIFIED TRUST CO $1,669,718 65,351 0.40% Shares
Samalin Investment Counsel, LLC $1,663,438 65,105 0.40% Shares
HighTower Advisors, LLC $1,633,399 63,930 0.39% Shares
MEANS INVESTMENT CO., INC. $1,597,769 62,535 0.38% Shares
Koshinski Asset Management, Inc. $1,581,772 61,909 0.38% Shares
Steward Partners Investment Advisory, LLC $1,573,084 61,569 0.38% Shares
Wealthspire Advisors, LLC $1,347,209 52,729 0.32% Shares
WEST BANCORPORATION INC $1,264,470 49,490 0.30% Shares
Private Advisor Group, LLC $1,262,919 49,429 0.30% Shares
Lido Advisors, LLC $1,221,525 47,809 0.29% Shares
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO $1,220,016 47,750 0.29% Shares
Capital Investment Advisors, LLC $1,216,844 47,626 0.29% Shares
Savant Capital, LLC $1,199,573 46,950 0.29% Shares
WELLS FARGO & COMPANY/MN $1,195,043 46,773 0.29% Shares
LexAurum Advisors, LLC $1,185,086 46,383 0.28% Shares
MassMutual Private Wealth & Trust, FSB $1,148,115 44,936 0.28% Shares
Midwest Trust Co $1,148,115 44,936 0.28% Shares
Capstone Financial Advisors, Inc. $1,109,495 43,424 0.27% Shares
Avior Wealth Management, LLC $1,028,732 40,263 0.25% Shares
OPPENHEIMER & CO INC $1,025,092 40,121 0.25% Shares
Ancora Advisors LLC $1,023,175 40,046 0.25% Shares
Concorde Asset Management, LLC $1,013,236 39,657 0.24% Shares
RFG - Bristol Wealth Advisors, LLC $983,982 38,512 0.24% Shares
JPMORGAN CHASE & CO $969,008 38,180 0.23% Shares
BANK OF AMERICA CORP /DE/ $960,220 37,582 0.23% Shares
FIFTH THIRD BANCORP $941,102 36,834 0.23% Shares
UHLMANN PRICE SECURITIES, LLC $887,189 34,722 0.21% Shares
Prostatis Group LLC $886,271 34,688 0.21% Shares
Merit Financial Group, LLC $873,859 34,202 0.21% Shares
MML INVESTORS SERVICES, LLC $870,910 34,087 0.21% Shares
NewEdge Advisors, LLC $858,658 33,607 0.21% Shares
Joel Isaacson & Co., LLC $855,644 33,489 0.21% Shares
Peak Asset Management, LLC $822,710 32,200 0.20% Shares
Kovack Advisors, Inc. $817,179 31,969 0.20% Shares
Cerity Partners LLC $801,212 31,359 0.19% Shares
Navis Wealth Advisors, LLC $790,645 30,945 0.19% Shares
XTX Topco Ltd $778,176 30,457 0.19% Shares
Creative Planning $743,082 29,083 0.18% Shares
Quad-Cities Investment Group, LLC $741,783 29,033 0.18% Shares
Cannon Advisors, Inc. $741,677 28,406 0.18% Shares
Blue Trust, Inc. $727,503 28,474 0.17% Shares
Farmers National Bank $695,829 27,234 0.17% Shares
Turtle Creek Wealth Advisors, LLC $663,687 25,976 0.16% Shares
Corient Private Wealth LP $650,449 25,458 0.16% Shares
LEE DANNER & BASS INC $638,750 25,000 0.15% Shares
J.W. COLE ADVISORS, INC. $620,813 24,298 0.15% Shares
HARBOUR INVESTMENTS, INC. $601,932 23,559 0.14% Shares
Uniting Wealth Partners, LLC $592,556 23,192 0.14% Shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC $573,546 22,448 0.14% Shares
EP Wealth Advisors, LLC $570,311 22,321 0.14% Shares
Savvy Advisors, Inc. $564,757 22,104 0.14% Shares
KING LUTHER CAPITAL MANAGEMENT CORP $561,129 21,962 0.13% Shares
AQR CAPITAL MANAGEMENT LLC $556,066 21,764 0.13% Shares
Atria Wealth Solutions, Inc. $537,551 24,707 0.13% Shares
Mezzasalma Advisors, LLC $536,535 20,999 0.13% Shares
Stratos Wealth Partners, LTD. $530,373 20,758 0.13% Shares
RETIREMENT PLANNING GROUP, LLC / NY $518,793 20,305 0.12% Shares

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 V.P., Gen. Counsel,CCO & Sec'y Dec. 31, 2022 J 30,936 0 0 $0
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

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.