ADX - Adams Diversified Equity Fund

What this means for you

Saba owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.

Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.

Email me if this changes

What happened, and when

1. Nov 25, 2024

   Saba sold down below 5% and stopped reporting.

   Original document →

2. Aug 7, 2024

   Saba cut its stake to 6% (from 7.6%). It has said it may push for changes.

   Original document →

3. May 15, 2024

   Saba raised its stake to 7.6% (from 6.6%). It has said it may push for changes.

   Original document →

4. Feb 9, 2024

   Saba now owns 6.6%. It has said it may push for changes.

   Original document →

About this fund

• Run by Adams Funds. Part of the Adams Funds fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $3.29 billion of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund does not borrow. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0% a year in management fees; 0.5% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $1.85 a share. $0.16 of that was income; $1.69 came from gains. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $24.72. The shares traded at $23.32, about 5.7% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 19% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +27.4%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Dec 31, 2025): the value of the holdings returned +18.9%. How the share price did: the shares returned +25.7% over the same year, counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
• Shares outstanding: 123 million. As of Dec 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 1996.

What the fund holds

Almost all shares (99%). About 100% issued in the U.S.

1. NVIDIA Corporation - 7.6%
2. Apple Inc. - 6.7%
3. Alphabet Inc. class A shares - 5.8%
4. Microsoft Corporation - 4.6%
5. Amazon.com, Inc. - 3.8%
6. Broadcom Inc. - 2.9%
7. Lam Research Corporation - 2.6%
8. Advanced Micro Devices, Inc. - 2.3%
9. JPMorgan Chase & Co. - 2%
10. Adams Natural Resources Fund, Inc. - 2%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →