Vault-13

ADAMS DIVERSIFIED EQUITY FD ADX

COM · Closed-End Fund · CUSIP 006212104

Publicly traded diversified equity fund

166 institutional holders +7 vs Q1 2023
30,642,38730.6m shares reported held*
$514.1mreported value*
16 new 45 added 46 reduced 9 sold out net bought ≈ $19.8m (+1.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $16.78.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 152Q4 22: 167Q1 23: 159Q2 23: 166166Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022152
Q4 2022167
Q1 2023159
Q2 2023166

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 95 bought or addedQ4 22: 42 cut or sold outQ4 22Q1 23: 63 bought or addedQ1 23: 73 cut or sold outQ1 23Q2 23: 61 bought or addedQ2 23: 55 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20229542
Q1 20236373
Q2 20236155

Biggest buyers

Saba Capital Management, L.P. Added +1,501,582+1.5m
Cornerstone Advisors, LLC Added +271,072+271.1k
Waterfront Wealth Inc. Added +61,306+61.3k
BANK OF AMERICA CORP /DE/ Added +60,375+60.4k
MML INVESTORS SERVICES, LLC New +46,429+46.4k
Atlas Wealth LLC Added +44,300+44.3k
Qube Research & Technologies Ltd Added +36,755+36.8k
RAYMOND JAMES & ASSOCIATES Added +36,172+36.2k
Janney Montgomery Scott LLC New +34,706+34.7k
IEQ CAPITAL, LLC New +25,370+25.4k

Biggest sellers

MORGAN STANLEY Reduced -259,419-259.4k
WOLVERINE ASSET MANAGEMENT LLC Reduced -237,764-237.8k
Shaker Financial Services, LLC Reduced -95,931-95.9k
1607 Capital Partners, LLC Reduced -48,801-48.8k
Allspring Global Investments Holdings, LLC Reduced -48,076-48.1k
HighTower Advisors, LLC Reduced -37,474-37.5k
OSAIC HOLDINGS, INC. Reduced -36,279-36.3k
Quantedge Capital Pte Ltd Reduced -32,500-32.5k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Reduced -31,669-31.7k
Clear Harbor Asset Management, LLC Sold out -27,169-27.2k

Insider purchases and sales in Q2 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
202Q3 21: 0 buyingQ3 21: 0 sellingQ4 21: 2 buyingQ4 21: 0 sellingQ4 21Q1 22: 1 buyingQ1 22: 0 sellingQ2 22: 0 buyingQ2 22: 1 sellingQ2 22Q3 22: 1 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22Q1 23: 2 buyingQ1 23: 0 sellingQ2 23: 0 buyingQ2 23: 0 sellingQ2 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20210—0——
Q4 20212$101.0k0——
Q1 20221$40.5k0——
Q2 20220—1$65.0k—
Q3 20221$67.8k0——
Q4 20220—0——
Q1 20232$85.2k0——
Q2 20230—0——

None reported in Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 2.43% of their portfolio NEW YORK, NY 4,396,9054.4m $73.9m $73.9m 2.43% Added +1.5m +1,501,582
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,763,3423.8m $63.3m $63.3m 0.01% Reduced -259.4k -259,419
3 LAZARD ASSET MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 3,684,7673.7m $61.9m $61.9m 0.08% Unchanged
4 1607 Capital Partners, LLC 2.83% of their portfolio Richmond, VA 2,345,5292.3m $39.4m $39.4m 2.83% Reduced -48.8k -48,801
5 Allspring Global Investments Holdings, LLC 0.04% of their portfolio CHARLOTTE, NC 1,429,0561.4m $24.0m $24.0m 0.04% Reduced -48.1k -48,076
6 Cornerstone Advisors, LLC 1.11% of their portfolio ASHEVILLE, NC 1,379,1661.4m $23.2m $23.2m 1.11% Added +271.1k +271,072
7 Atlas Wealth LLC 4.33% of their portfolio CINCINNATI, OH 1,361,1211.4m $23.6m $23.6m 4.33% Added +44.3k +44,300
8 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 5.38% of their portfolio BLUE BELL, PA 1,210,6261.2m $20.4m $20.4m 5.38% Added +18.4k +18,444
9 COHEN & STEERS, INC. 0.04% of their portfolio NEW YORK, NY 1,111,9341.1m $18.7m $18.7m 0.04% Added +21.7k +21,704
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 670,838670.8k $11.3m $11.3m 0.00% Added +60.4k +60,375
11 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 578,327578.3k $9.7m $9.7m 0.02% Reduced -5.2k -5,191
12 Dubuque Bank & Trust Co 0.98% of their portfolio Dubuque, IA 452,899452.9k $7.6m $7.6m 0.98% Reduced -5.4k -5,393
13 Waterfront Wealth Inc. 2.10% of their portfolio OVERLAND PARK, KS 407,089407.1k $7.1m $7.1m 2.10% Added +61.3k +61,306
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 356,421356.4k $6.0m $6.0m 0.00% Reduced -7.3k -7,292
15 Bulldog Investors, LLP 1.90% of their portfolio SADDLE BROOK, NJ 341,355341.4k $5.7m $5.7m 1.90% Unchanged
16 Bensler, LLC 1.08% of their portfolio Bellevue, WA 337,638337.6k $5.7m $5.7m 1.08% Added +4.2k +4,204
17 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 316,268316.3k $5.3m $5.3m 0.00% Added +36.2k +36,172
18 Integrated Wealth Concepts LLC 0.08% of their portfolio WALTHAM, MA 270,108270.1k $4.5m $4.5m 0.08% Reduced -21.0k -20,956
19 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 2.45% of their portfolio LEAWOOD, KS 265,731265.7k $4.5m $4.5m 2.45% First filing
20 INTREPID FAMILY OFFICE LLC 7.84% of their portfolio SARASOTA, FL 245,000245.0k $4.1m $4.1m 7.84% Added +903 +903
21 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.32% of their portfolio London, X0 235,704235.7k $4.0m $4.0m 0.32% Reduced -9.0k -9,016
22 Quantedge Capital Pte Ltd 1.65% of their portfolio Singapore, U0 220,520220.5k $3.7m $3.7m 1.65% Reduced -32.5k -32,500
23 FCA CORP /TX 1.33% of their portfolio HOUSTON, TX 212,944212.9k $3.6m $3.6m 1.33% Added +593 +593
24 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 210,605210.6k $3.5m $3.5m 0.01% Reduced -10.5k -10,516
25 Advisors Asset Management, Inc. 0.07% of their portfolio Monument, CO 204,078204.1k $3.4m $3.4m 0.07% Added +6.9k +6,870
26 Uncommon Cents Investing LLC 1.17% of their portfolio JANESVILLE, WI 197,642197.6k $3.3m $3.3m 1.17% Reduced -995 -995
27 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 191,852191.9k $3.2m $3.2m 0.03% Added +2.9k +2,872
28 RB Capital Management, LLC 0.92% of their portfolio RENO, NV 176,951177.0k $3.0m $3.0m 0.92% Added +3.8k +3,771
29 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 174,210174.2k $2.9m $2.9m 0.00% Added +8.1k +8,147
30 GENERAL AMERICAN INVESTORS CO INC 0.25% of their portfolio NEW YORK, NY 169,819169.8k $2.9m $2.9m 0.25% Unchanged
31 Shaker Financial Services, LLC 1.21% of their portfolio Arlington, VA 164,908164.9k $2.8m $2.8m 1.21% Reduced -95.9k -95,931
32 AQR Arbitrage LLC 0.11% of their portfolio Greenwich, CT 156,385156.4k $2.6m $2.6m 0.11% Added +15.5k +15,476
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 145,391145.4k $2.4m $2.4m 0.00% Reduced -19.1k -19,076
34 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 138,819138.8k $2.3m $2.3m 0.02% Reduced -55 -55
35 MinichMacGregor Wealth Management, LLC 0.11% of their portfolio Saratoga Springs, NY 132,871132.9k $336.4k $336.4k 0.11% Added +75 +75
36 Ancora Advisors LLC 0.05% of their portfolio Cleveland, OH 114,347114.3k $1.9m $1.9m 0.05% Reduced -24.3k -24,320
37 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 113,369113.4k $1.9m $1.9m 0.01% Reduced -3.0k -3,001
38 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 101,833101.8k $1.7m $1.7m 0.00% Reduced -36.3k -36,279
39 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 101,468101.5k $1.7m $1.7m 0.00% Added +440 +440
40 TWIN FOCUS CAPITAL PARTNERS, LLC 0.34% of their portfolio Boston, MA 99,13599.1k $1.7m $1.7m 0.34% Unchanged
41 Stolper Co 0.67% of their portfolio TULSA, OK 94,18694.2k $1.6m $1.6m 0.67% Reduced -2.5k -2,452
42 DIVERSIFIED TRUST CO 0.06% of their portfolio MEMPHIS, TN 91,01591.0k $1.5m $1.5m 0.06% Unchanged
43 ROBERTS GLORE & CO INC /IL/ 0.39% of their portfolio DEERFIELD, IL 72,25672.3k $1.2m $1.2m 0.39% Reduced -302 -302
44 Avior Wealth Management, LLC 0.08% of their portfolio OMAHA, NE 69,91769.9k $1.2m $1.2m 0.08% Reduced -7.5k -7,535
45 Global Endowment Management, LP 0.13% of their portfolio CHARLOTTE, NC 63,67763.7k $1.1m $1.1m 0.13% Unchanged
46 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 60,58260.6k $1.0m $1.0m 0.01% Added +9.1k +9,084
47 Capital Investment Advisors, LLC 0.03% of their portfolio ATLANTA, GA 59,74959.7k $1.0m $1.0m 0.03% Reduced -575 -575
48 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 59,29159.3k $996.7k $996.7k 0.00% Reduced -2.0k -1,994
49 9258 Wealth Management, LLC 0.18% of their portfolio BLUE ASH, OH 58,37958.4k $981.3k $981.3k 0.18% Added +40 +40
50 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 55,70355.7k $936.4k $936.4k 0.00% Added +36.8k +36,755
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 53,93053.9k $906.6k $906.6k 0.00% Added +6.0k +5,971
52 CSS LLC/IL 0.07% of their portfolio CHICAGO, IL 52,48952.5k $882.3k $882.3k 0.07% Added +140 +140
53 Transform Wealth, LLC 0.08% of their portfolio GREENWOOD VILLAGE, CO 51,32051.3k $862.7k $862.7k 0.08% Unchanged
54 Koshinski Asset Management, Inc. 0.09% of their portfolio DECATUR, IL 50,73850.7k $852.9k $852.9k 0.09% Reduced -18.9k -18,856
55 FINANCIAL COUNSELORS INC 0.02% of their portfolio Overland Park, KS 47,23547.2k $794.0k $794.0k 0.02% Unchanged
56 MassMutual Private Wealth & Trust, FSB 0.03% of their portfolio Windsor, CT 47,23547.2k $794.0k $794.0k 0.03% Unchanged
57 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 46,42946.4k $780.0k $780.0k 0.00% New
58 Mariner, LLC 0.00% of their portfolio Overland Park, KS 44,60244.6k $749.8k $749.8k 0.00% Added +479 +479
59 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 40,21440.2k $676.0k $676.0k 0.02% Reduced -4.9k -4,890
60 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.08% of their portfolio Englewood, NJ 37,25737.3k $626.3k $626.3k 0.08% Reduced -31.7k -31,669
61 Capstone Financial Advisors, Inc. 0.05% of their portfolio DOWNERS GROVE, IL 37,12937.1k $624.1k $624.1k 0.05% Added +55 +55
62 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio ORLANDO, FL 37,11137.1k $623.8k $623.8k 0.08% Added +3.2k +3,184
63 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 36,26736.3k $609.6k $609.6k 0.01% Reduced -1.3k -1,317
64 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 35,81535.8k $602.1k $602.1k 0.00% Unchanged
65 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 34,70634.7k $583.0k $583.0k 0.00% New
66 RAYMOND JAMES TRUST N.A. 0.02% of their portfolio ST. PETERSBURG, FL 34,46534.5k $579.0k $579.0k 0.02% Unchanged
67 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 33,60633.6k $564.9k $564.9k 0.00% Reduced -704 -704
68 Elequin Capital, LP 0.28% of their portfolio NEW YORK, NY 32,71232.7k $549.9k $549.9k 0.28% Reduced -21.6k -21,638
69 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 32,65832.7k $549.0k $549.0k 0.00% Reduced -1.2k -1,240
70 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 32,65832.7k $549.0k $549.0k 0.00% Reduced -2.7k -2,719
71 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 30,52730.5k $513.2k $513.2k 0.01% Added +20.4k +20,418
72 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 29,71629.7k $499.0k $499.0k 0.00% Reduced -37.5k -37,474
73 Prostatis Group LLC 0.22% of their portfolio HANOVER, MD 28,54928.5k $479.9k $479.9k 0.22% Added +89 +89
74 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 28,46628.5k $496.8k $496.8k 0.00% Added +9.5k +9,480
75 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 27,93127.9k $470.0k $470.0k 0.00% Reduced -2.3k -2,266
76 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 27,02027.0k $454.0k $454.0k 0.00% Added +584 +584
77 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 25,37025.4k $426.5k $426.5k 0.01% New
78 LEE DANNER & BASS INC 0.04% of their portfolio NASHVILLE, TN 25,00025.0k $420.0k $420.0k 0.04% Unchanged
79 Sage Capital Advisors,llc 0.14% of their portfolio SIOUX FALLS, SD 24,45324.5k $411.1k $411.1k 0.14% Added +43 +43
80 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 24,11124.1k $405.3k $405.3k 0.01% Added +494 +494
81 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 23,20223.2k $390.0k $390.0k 0.00% Unchanged
82 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 22,96123.0k $386.0k $386.0k 0.01% Reduced -818 -818
83 Capital Market Strategies LLC 0.35% of their portfolio PALM BEACH GARDENS, FL 22,65822.7k $380.9k $380.9k 0.35% Added +491 +491
84 Quad-Cities Investment Group, LLC 0.23% of their portfolio DAVENPORT, IA 21,37221.4k $359.3k $359.3k 0.23% Added +68 +68
85 J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio SAN FRANCISCO, CA 21,23221.2k $356.9k $356.9k 0.00% Unchanged
86 Blue Trust, Inc. 0.01% of their portfolio BRENTWOOD, TN 20,85520.9k $324.0k $324.0k 0.01% Added +68 +68
87 Intercontinental Wealth Advisors, LLC 0.08% of their portfolio SAN ANTONIO, TX 19,81419.8k $333.1k $333.1k 0.08% Unchanged
88 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 19,81119.8k $333.0k $333.0k 0.00% Reduced -3.9k -3,920
89 Texas Capital Bank Wealth Management Services Inc 0.03% of their portfolio Dallas, TX 18,88118.9k $317.4k $317.4k 0.03% Added +1.6k +1,581
90 SMH CAPITAL ADVISORS INC 0.68% of their portfolio FORT WORTH, TX 18,77118.8k $316.0k $316.0k 0.68% Reduced -208 -208
91 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 18,57718.6k $312.3k $312.3k 0.00% Unchanged
92 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 17,98918.0k $302.4k $302.4k 0.01% Unchanged
93 Hennion & Walsh Asset Management, Inc. 0.02% of their portfolio Parsippany, NJ 17,45317.5k $293.0k $293.0k 0.02% New
94 Client First Capital LLC 0.21% of their portfolio SAN DIEGO, CA 16,98017.0k $285.4k $285.4k 0.21% Unchanged
95 MSH Capital Advisors LLC 0.10% of their portfolio SCOTTSDALE, AZ 16,23716.2k $272.9k $272.9k 0.10% Added +159 +159
96 REGIONS FINANCIAL CORP 0.00% of their portfolio BIRMINGHAM, AL 15,80715.8k $265.7k $265.7k 0.00% Reduced -961 -961
97 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 15,41915.4k $259.2k $259.2k 0.01% New
98 WESBANCO BANK INC 0.01% of their portfolio WHEELING, WV 15,37615.4k $258.0k $258.0k 0.01% Unchanged
99 Pinion Investment Advisors, LLC 0.17% of their portfolio WICHITA, KS 15,20815.2k $255.6k $255.6k 0.17% Added +47 +47
100 Veritable, L.P. 0.00% of their portfolio Newtown Square, PA 14,18114.2k $238.4k $238.4k 0.00% Unchanged