Adams Diversified Fund Delivers -4.8% Q1 NAV Return, NAV at $23.07
Adams Diversified Equity Fund reported a -4.8% NAV total return in Q1 2026 compared with -4.3% for the S&P 500, while its market price return was -4.2%. NAV per share rose to $23.07 from $21.28 year-over-year, with top holdings including NVIDIA (7.7%) and Apple (6.8%).
1. Q1 Performance
Adams Diversified Equity Fund reported a NAV total return of -4.8% for the first quarter of 2026, underperforming the S&P 500’s -4.3% but slightly trailing the Morningstar U.S. Large Blend category’s -4.4%. The fund’s market price total return was -4.2% over the same period.
2. Comparative Returns
As of March 31, 2026, the fund’s annualized NAV returns were 17.8% for one year, 18.6% for three years, 12.6% for five years and 14.9% for ten years. Market price returns outpaced NAV at 25.2% for one year and exceeded both the S&P 500 (17.8%) and the Morningstar category in each period.
3. Net Asset Value Metrics
Net assets grew to $2.8549 billion at quarter end versus $2.5300 billion a year earlier, while shares outstanding increased to 123.76 million from 118.86 million. NAV per share climbed to $23.07 from $21.28 year-over-year.
4. Portfolio Composition
The fund’s top ten equity holdings accounted for 40.5% of net assets, led by NVIDIA (7.7%), Apple (6.8%), Alphabet Class A (5.4%) and Microsoft (5.3%). Sector weightings were concentrated in Information Technology (32.4%), Financials (12.6%), Consumer Discretionary (10.0%) and Consumer Services (10.0%).