Adams Diversified Equity Fund Announces First Quarter 2025 Performance

Rhea-AI Summary

Adams Diversified Equity Fund (NYSE: ADX) reported its Q1 2025 performance with a -3.9% total return on both NAV and market price, outperforming the S&P 500 Index and Morningstar U.S. Large Blend category, which both returned -4.3%.

The Fund's net assets stood at $2.53 billion as of March 31, 2025, with a NAV of $21.28 per share. The portfolio demonstrates strong long-term performance, with 5-year returns of 18.7% (NAV) and 19.6% (market price).

The Fund maintains a diversified portfolio with significant technology exposure, as reflected in its top holdings: Apple (7.4%), Microsoft (6.5%), and NVIDIA (5.7%). By sector, Information Technology leads at 29.5%, followed by Financials at 14.3% and Health Care at 11.3%. The top ten holdings represent 38.3% of net assets.

BALTIMORE, April 17, 2025 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund’s investment returns for the first quarter of 2025. The total return on the Fund’s net asset value for the first quarter of 2025 was -3.9%, with dividends and capital gains reinvested. This compared to -4.3% total return for both the S&P 500 Index and the Morningstar U.S. Large Blend category. The total return on the Fund’s market price for the period was -3.9%.

The First Quarter Report to Shareholders is expected to be released on or about April 23, 2025.

ANNUALIZED COMPARATIVE RETURNS (3/31/2025)
	1 Year		3 Year		5 Year		10 Year
Adams Diversified Equity Fund  (NAV)	6.8	%	9.4	%	18.7	%	13.0	%
Adams Diversified Equity Fund (market price)	11.4	%	10.8	%	19.6	%	13.4	%
Morningstar U.S. Large Blend Category	6.4	%	8.1	%	17.6	%	11.2	%
S&P 500	8.3	%	9.1	%	18.6	%	12.5	%

NET ASSET VALUE ANNOUNCED

The Fund’s net asset value at March 31, 2025, compared with the year earlier, was:

	3/31/2025		3/31/2024
Net assets	$2,529,977,563		$2,829,484,494
Shares outstanding		118,862,758		124,051,688
Net asset value per share	$21.28		$22.81

TEN LARGEST EQUITY PORTFOLIO HOLDINGS (3/31/25)
	% of Net Assets
Apple Inc.	7.4	%
Microsoft Corporation	6.5	%
NVIDIA Corporation	5.7	%
Amazon.com, Inc.	4.3	%
Alphabet Inc. Class A	3.3	%
Meta Platforms, Inc. Class A	2.9	%
JP Morgan Chase & Co.	2.3	%
Adams Natural Resources Fund, Inc.*	2.2	%
Visa Inc. Class A	1.9	%
Broadcom Inc.	1.8	%
Total	38.3	%
* Non-controlled affiliated closed-end fund

SECTOR WEIGHTINGS (3/31/2025)
	% of Net Assets
Information Technology	29.5	%
Financials	14.3	%
Health Care	11.3	%
Consumer Discretionary	10.7	%
Communication Services	9.1	%
Industrials	7.7	%
Consumer Staples	6.4	%
Energy	3.9	%
Utilities	2.4	%
Real Estate	2.2	%
Materials	1.8	%

About Adams Funds 

Since 1929, Adams Funds has consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO). The Funds are actively managed by an experienced team with a disciplined approach and have paid dividends for more than 90 years across many market cycles. The Funds are committed to paying a minimum annual distribution rate of 8% of NAV paid evenly each quarter throughout the year, providing reliability for long-term shareholders. A portion of any distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain, and return of capital. The final determination of the source of all distributions for tax reporting purposes in a calendar year, including the percentage of qualified dividend income, will be made after year-end. Shares can be purchased through our transfer agent or through a broker. For more information about Adams Funds, please visit: adamsfunds.com.

For further information: adamsfunds.com/about/contact │800.638.2479

FAQ

How did ADX perform compared to the S&P 500 in Q1 2025?

ADX outperformed with a -3.9% return versus -4.3% for the S&P 500 in Q1 2025.

What are the top 3 holdings in ADX's portfolio as of March 2025?

The top 3 holdings are Apple (7.4%), Microsoft (6.5%), and NVIDIA (5.7%) of net assets.

What is ADX's 5-year performance as of March 31, 2025?

ADX achieved an 18.7% 5-year return on NAV and 19.6% on market price.

How much of ADX's portfolio is allocated to Information Technology?

Information Technology represents 29.5% of ADX's portfolio, the largest sector allocation.

What is the current net asset value (NAV) of ADX as of March 2025?

ADX's NAV per share is $21.28 as of March 31, 2025.