Vault-13

ADAMS DIVERSIFIED EQUITY FD ADX

COM · Closed-End Fund · CUSIP 006212104

Publicly traded diversified equity fund

216 institutional holders +14 vs Q1 2026
20,694,30520.7m shares reported held*
$529.8mreported value*
30 new 93 added 46 reduced 16 sold out net sold ≈ $3.1m (-119.7k 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 ($13.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.60.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 152Q4 22: 167Q1 23: 159Q2 23: 166Q3 23: 156Q4 23: 160Q1 24: 162Q2 24: 162Q3 24: 171Q4 24: 186Q1 25: 182Q2 25: 191Q3 25: 193Q4 25: 204Q1 26: 202Q2 26: 216216Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022152
Q4 2022167
Q1 2023159
Q2 2023166
Q3 2023156
Q4 2023160
Q1 2024162
Q2 2024162
Q3 2024171
Q4 2024186
Q1 2025182
Q2 2025191
Q3 2025193
Q4 2025204
Q1 2026202
Q2 2026216

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 67 bought or addedQ3 24: 75 cut or sold outQ4 24: 92 bought or addedQ4 24: 39 cut or sold outQ4 24Q1 25: 92 bought or addedQ1 25: 63 cut or sold outQ2 25: 99 bought or addedQ2 25: 61 cut or sold outQ2 25Q3 25: 100 bought or addedQ3 25: 59 cut or sold outQ4 25: 95 bought or addedQ4 25: 66 cut or sold outQ4 25Q1 26: 109 bought or addedQ1 26: 67 cut or sold outQ2 26: 123 bought or addedQ2 26: 62 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20246775
Q4 20249239
Q1 20259263
Q2 20259961
Q3 202510059
Q4 20259566
Q1 202610967
Q2 202612362

Biggest buyers

LPL Financial LLC Added +629,905+629.9k
MAI Capital Management New +221,469+221.5k
ARQ WEALTH ADVISORS, LLC Added +109,727+109.7k
Atlas Wealth LLC New +82,341+82.3k
Bensler, LLC Added +74,640+74.6k
Cambridge Investment Research Advisors, Inc. Added +55,920+55.9k
Integrated Wealth Concepts LLC Added +41,608+41.6k
GUGGENHEIM CAPITAL LLC Added +38,593+38.6k
JONES FINANCIAL COMPANIES LLLP Added +36,793+36.8k
BANK OF AMERICA CORP /DE/ Added +36,473+36.5k

Biggest sellers

MORGAN STANLEY Reduced -394,528-394.5k
Allspring Global Investments Holdings, LLC Sold out -382,304-382.3k
LAZARD ASSET MANAGEMENT LLC Reduced -359,201-359.2k
Kestra Advisory Services, LLC Reduced -189,230-189.2k
1607 Capital Partners, LLC Reduced -172,589-172.6k
GatePass Capital, LLC Reduced -53,880-53.9k
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC Reduced -47,797-47.8k
AMERIPRISE FINANCIAL INC Reduced -44,951-45.0k
DELTA CAPITAL MANAGEMENT LLC Reduced -41,665-41.7k
Waterfront Wealth Inc. Reduced -34,269-34.3k

Insider purchases and sales since 1 Apr 2026

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
101Q4 24: 1 buyingQ4 24: 1 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 1 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20241$25.1k1$554.7k—
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20261$7.5k0——
Q2 20260—0——
Q3 20260—0——

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LAZARD ASSET MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 3,208,3553.2m $82.0m $82.0m 0.12% Reduced -359.2k -359,201
2 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,318,5841.3m $33.7m $33.7m 0.01% Added +25.6k +25,632
3 Bensler, LLC 2.55% of their portfolio Bellevue, WA 1,129,6071.1m $28.9m $28.9m 2.55% Added +74.6k +74,640
4 COHEN & STEERS, INC. 0.04% of their portfolio NEW YORK, NY 1,101,6351.1m $28.1m $28.1m 0.04% Reduced -20.0k -20,000
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,016,9971.0m $26.0m $26.0m 0.01% Added +629.9k +629,905
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 953,099953.1k $24.4m $24.4m 0.00% Reduced -27.2k -27,226
7 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 2.70% of their portfolio BLUE BELL, PA 846,398846.4k $21.6m $21.6m 2.70% Reduced -47.8k -47,797
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 768,743768.7k $19.6m $19.6m 0.00% Reduced -394.5k -394,528
9 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 413,322413.3k $10.6m $10.6m 0.01% Reduced -4.2k -4,220
10 Advisors Asset Management, Inc. 0.16% of their portfolio Monument, CO 401,665401.7k $10.3m $10.3m 0.16% Added +2.7k +2,735
11 Waterfront Wealth Inc. 1.40% of their portfolio OVERLAND PARK, KS 345,424345.4k $9.0m $9.0m 1.40% Reduced -34.3k -34,269
12 ARQ WEALTH ADVISORS, LLC 1.09% of their portfolio SCOTTSDALE, AZ 334,882334.9k $8.8m $8.8m 1.09% Added +109.7k +109,727
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 320,464320.5k $8.2m $8.2m 0.00% Added +36.5k +36,473
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 295,048295.0k $7.5m $7.5m 0.00% Added +3.6k +3,627
15 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 279,405279.4k $7.3m $7.3m 0.01% Added +7.9k +7,947
16 INTREPID FAMILY OFFICE LLC 6.55% of their portfolio SARASOTA, FL 278,226278.2k $7.1m $7.1m 6.55% Added +5.2k +5,226
17 Hennion & Walsh Asset Management, Inc. 0.20% of their portfolio Parsippany, NJ 275,750275.8k $7.0m $7.0m 0.20% Reduced -25.4k -25,446
18 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 272,279272.3k $7.0m $7.0m 0.00% Reduced -45.0k -44,951
19 GatePass Capital, LLC 2.29% of their portfolio INDEPENDENCE, OH 235,085235.1k $6.0m $6.0m 2.29% Reduced -53.9k -53,880
20 MAI Capital Management 0.02% of their portfolio INDEPENDENCE, OH 221,469221.5k $5.7m $5.7m 0.02% New
21 RB Capital Management, LLC 1.06% of their portfolio RENO, NV 211,303211.3k $5.4m $5.4m 1.06% Added +4.2k +4,227
22 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 201,219201.2k $5.1m $5.1m 0.01% Added +3.3k +3,312
23 FCA CORP /TX 1.26% of their portfolio HOUSTON, TX 200,255200.3k $5.1m $5.1m 1.26% Added +16.1k +16,117
24 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 197,843197.8k $5.0m $5.0m 0.00% Added +36.8k +36,793
25 UMB Bank, n.a. 0.06% of their portfolio Kansas City, MO 192,516192.5k $4.9m $4.9m 0.06% Reduced -15.6k -15,593
26 Uncommon Cents Investing LLC 1.00% of their portfolio JANESVILLE, WI 181,270181.3k $4.6m $4.6m 1.00% Reduced -635 -635
27 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 162,590162.6k $4.2m $4.2m 0.02% Added +41.6k +41,608
28 ROBERTS GLORE & CO INC /IL/ 1.02% of their portfolio DEERFIELD, IL 160,810160.8k $4.1m $4.1m 1.02% Added +3.0k +2,987
29 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 150,243150.2k $3.8m $3.8m 0.00% Added +3.5k +3,479
30 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 146,269146.3k $3.7m $3.7m 0.02% Added +469 +469
31 1607 Capital Partners, LLC 0.32% of their portfolio Richmond, VA 143,339143.3k $3.7m $3.7m 0.32% Reduced -172.6k -172,589
32 GENERAL AMERICAN INVESTORS CO INC 0.20% of their portfolio NEW YORK, NY 131,124131.1k $3.4m $3.4m 0.20% Unchanged
33 INDEPENDENT FINANCIAL GROUP, LLC 0.06% of their portfolio SAN DIEGO, CA 129,156129.2k $3.3m $3.3m 0.06% Reduced -16.1k -16,107
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 129,026129.0k $3.3m $3.3m 0.00% Added +18.2k +18,214
35 Stolper Co 0.71% of their portfolio TULSA, OK 107,587107.6k $2.7m $2.7m 0.71% Added +3.9k +3,912
36 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 99,52299.5k $2.5m $2.5m 0.00% Reduced -4.6k -4,635
37 Providence Wealth Advisors, LLC 1.50% of their portfolio FRANKFORT, IL 98,95399.0k $2.5m $2.5m 1.50% Unchanged
38 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 91,83091.8k $2.3m $2.3m 0.02% Added +38.6k +38,593
39 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 90,26290.3k $2.3m $2.3m 0.00% Added +55.9k +55,920
40 Concurrent Investment Advisors, LLC 0.02% of their portfolio Tampa, FL 86,35486.4k $2.2m $2.2m 0.02% Added +8.9k +8,933
41 Advisory Advocates, LLC 1.87% of their portfolio GRAND RAPIDS, MI 85,50885.5k $2.2m $2.2m 1.87% Added +8.5k +8,490
42 PMG Family Office LLC 1.98% of their portfolio PLANO, TX 84,10484.1k $2.1m $2.1m 1.98% Added +792 +792
43 Westbourne Investment Advisors, Inc. 0.59% of their portfolio ANNAPOLIS, MD 83,80083.8k $2.1m $2.1m 0.59% Added +400 +400
44 Atlas Wealth LLC 0.30% of their portfolio CINCINNATI, OH 82,34182.3k $2.1m $2.1m 0.30% New
45 Walsh & Associates, LLC 1.67% of their portfolio SARASOTA, FL 79,79179.8k $2.0m $2.0m 1.67% Unchanged
46 EVOLVE PRIVATE WEALTH, LLC 0.12% of their portfolio LOS ANGELES, CA 78,99579.0k $2.0m $2.0m 0.12% Reduced -3.4k -3,418
47 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 77,01677.0k $2.0m $2.0m 0.00% Added +4.1k +4,070
48 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 68,18768.2k $1.7m $1.7m 0.01% Reduced -5.0k -5,012
49 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 67,18667.2k $1.7m $1.7m 0.00% Added +19.1k +19,118
50 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 65,95066.0k $1.7m $1.7m 0.00% Added +7.6k +7,579
51 DIVERSIFIED TRUST CO 0.03% of their portfolio MEMPHIS, TN 65,35165.4k $1.7m $1.7m 0.03% Unchanged
52 Samalin Investment Counsel, LLC 0.53% of their portfolio CHAPPAQUA, NY 65,10565.1k $1.7m $1.7m 0.53% Added +29.1k +29,051
53 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 63,93063.9k $1.6m $1.6m 0.00% Reduced -342 -342
54 DELTA CAPITAL MANAGEMENT LLC 0.75% of their portfolio RED BANK, NJ 63,80163.8k $1.6m $1.6m 0.75% Reduced -41.7k -41,665
55 MEANS INVESTMENT CO., INC. 0.12% of their portfolio BANGOR, ME 62,53562.5k $1.6m $1.6m 0.12% Unchanged
56 Koshinski Asset Management, Inc. 0.08% of their portfolio DECATUR, IL 61,90961.9k $1.6m $1.6m 0.08% Added +871 +871
57 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 61,56961.6k $1.6m $1.6m 0.01% Added +8.3k +8,300
58 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 56,98057.0k $1.5m $1.5m 0.00% Added +1.6k +1,559
59 Wealthspire Advisors, LLC 0.01% of their portfolio NEW YORK, NY 52,72952.7k $1.3m $1.3m 0.01% Added +1.5k +1,508
60 Mariner, LLC 0.00% of their portfolio Overland Park, KS 51,62951.6k $1.3m $1.3m 0.00% Added +11.0k +10,978
61 WEST BANCORPORATION INC 0.54% of their portfolio WEST DES MOINES, IA 49,49049.5k $1.3m $1.3m 0.54% Added +2.6k +2,600
62 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 49,42949.4k $1.3m $1.3m 0.01% Added +34.2k +34,186
63 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 47,80947.8k $1.2m $1.2m 0.00% Added +168 +168
64 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 47,75047.8k $1.2m $1.2m 0.00% Added +22.0k +22,032
65 Capital Investment Advisors, LLC 0.02% of their portfolio ATLANTA, GA 47,62647.6k $1.2m $1.2m 0.02% Unchanged
66 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 47,24147.2k $1.2m $1.2m 0.00% Added +162 +162
67 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 46,95047.0k $1.2m $1.2m 0.00% Reduced -5.7k -5,689
68 LexAurum Advisors, LLC 0.14% of their portfolio OVERLAND PARK, KS 46,38346.4k $1.2m $1.2m 0.14% Added +16.7k +16,696
69 MassMutual Private Wealth & Trust, FSB 0.03% of their portfolio Windsor, CT 44,93644.9k $1.1m $1.1m 0.03% Added +843 +843
70 Midwest Trust Co 0.01% of their portfolio Overland Park, KS 44,93644.9k $1.1m $1.1m 0.01% Added +843 +843
71 Capstone Financial Advisors, Inc. 0.05% of their portfolio DOWNERS GROVE, IL 43,42443.4k $1.1m $1.1m 0.05% Added +447 +447
72 Avior Wealth Management, LLC 0.03% of their portfolio OMAHA, NE 40,26340.3k $1.0m $1.0m 0.03% Added +1.0k +1,000
73 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 40,12140.1k $1.0m $1.0m 0.01% Reduced -2.0k -1,958
74 Ancora Advisors LLC 0.02% of their portfolio Cleveland, OH 40,04640.0k $1.0m $1.0m 0.02% Reduced -13.8k -13,850
75 Concorde Asset Management, LLC 0.59% of their portfolio ANN ARBOR, MI 39,65739.7k $1.0m $1.0m 0.59% Added +760 +760
76 RFG - Bristol Wealth Advisors, LLC 0.24% of their portfolio TAUNTON, MA 38,51238.5k $984.0k $984.0k 0.24% Unchanged
77 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 36,83436.8k $941.1k $941.1k 0.00% Reduced -121 -121
78 UHLMANN PRICE SECURITIES, LLC 0.03% of their portfolio SKOKIE, IL 34,72234.7k $887.2k $887.2k 0.03% Added +527 +527
79 Prostatis Group LLC 0.21% of their portfolio HANOVER, MD 34,68834.7k $886.3k $886.3k 0.21% Added +652 +652
80 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 34,20234.2k $873.9k $873.9k 0.01% Reduced -2.1k -2,149
81 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 34,08734.1k $870.9k $870.9k 0.00% Added +722 +722
82 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 33,60733.6k $858.7k $858.7k 0.00% Reduced -204 -204
83 Joel Isaacson & Co., LLC 0.02% of their portfolio NEW YORK, NY 33,48933.5k $855.6k $855.6k 0.02% Unchanged
84 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 32,28632.3k $824.9k $824.9k 0.00% Added +123 +123
85 Peak Asset Management, LLC 0.12% of their portfolio LOUISVILLE, CO 32,20032.2k $822.7k $822.7k 0.12% New
86 Kovack Advisors, Inc. 0.04% of their portfolio FT. LAUDERDALE, FL 31,96932.0k $817.2k $817.2k 0.04% Added +1.7k +1,702
87 Navis Wealth Advisors, LLC 0.30% of their portfolio RYE BROOK, NY 30,94530.9k $790.6k $790.6k 0.30% New
88 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 30,45730.5k $778.2k $778.2k 0.01% Reduced -5.1k -5,113
89 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 29,08329.1k $743.1k $743.1k 0.00% Reduced -8.6k -8,633
90 Quad-Cities Investment Group, LLC 0.27% of their portfolio DAVENPORT, IA 29,03329.0k $741.8k $741.8k 0.27% Added +545 +545
91 Blue Trust, Inc. 0.01% of their portfolio BRENTWOOD, TN 28,47428.5k $727.5k $727.5k 0.01% Added +535 +535
92 Cannon Advisors, Inc. 0.45% of their portfolio CHARLOTTE, NC 28,40628.4k $741.7k $741.7k 0.45% Added +6.5k +6,521
93 Farmers National Bank 0.15% of their portfolio DANVILLE, KY 27,23427.2k $695.8k $695.8k 0.15% Unchanged
94 Turtle Creek Wealth Advisors, LLC 0.04% of their portfolio DALLAS, TX 25,97626.0k $663.7k $663.7k 0.04% Reduced -2.1k -2,130
95 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 25,32425.3k $647.0k $647.0k 0.00% Reduced -926 -926
96 LEE DANNER & BASS INC 0.04% of their portfolio NASHVILLE, TN 25,00025.0k $638.8k $638.8k 0.04% Unchanged
97 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 24,29824.3k $620.8k $620.8k 0.01% New
98 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 23,55923.6k $601.9k $601.9k 0.01% Added +147 +147
99 Uniting Wealth Partners, LLC 0.12% of their portfolio DENVER, CO 23,19223.2k $592.6k $592.6k 0.12% Added +436 +436
100 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 22,65722.7k $506.5k $506.5k 0.01% Added +54 +54