ADAMS DIVERSIFIED EQUITY FUND, INC.

BALTIMORE, MD · CIK 2230 · 13F filing filed 2023-04-26

SEC-registered investment adviser since 2015 · corporation

Assets managed$3.0bn
Staff20 · 10 in investment roles
Main clients (by assets)Mutual funds and ETFs 100%
Websiteadamsfunds.com
Form ADV · 2026-03-27SEC adviser record

Legal entityADAMS DIVERSIFIED EQUITY FUND, INC. (US)

Kindmutual funds, futures
Others nearbyBaltimore, MD, North Palm Beach, FL
FamilyADAMS DIVERSIFIED EQUITY FUND, INC. · 2 related pages

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Baltimore, MD (main office)United States	United States	about 7
Palm Beach Gardens, FLUnited States	United States	3

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$2.2bn reported value +6.9% vs Q4 2022

95positions

30.8%in top 10

17 new 14 added 21 reduced 15 sold out vs Q4 2022

Holdings, Q1 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	954,500	$157.4m7.06%	7.06%	Unchanged
2	MICROSOFT CORP COM MSFT	MSFT	517,700	$149.3m6.70%	6.70%	Reduced -78.0k	-78,000 -13.1%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	606,400	$62.9m2.82%	2.82%	Reduced -130.5k	-130,500 -17.7%
4	AMAZON COM INC COM AMZN	AMZN	538,100	$55.6m2.49%	2.49%	Unchanged
5	UNITEDHEALTH GROUP INC COM UNH	UNH	99,300	$46.9m2.11%	2.11%	Unchanged
6	NVIDIA CORPORATION COM NVDA	NVDA	166,400	$46.2m2.07%	2.07%	Unchanged
7	ADAM NAT RES FD INC COM PEO	PEO	2,186,774	$45.0m2.02%	2.02%	Unchanged
8	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	76,600	$44.1m1.98%	1.98%	Unchanged
9	VISA INC COM CL A V	V	177,300	$40.0m1.79%	1.79%	Unchanged
10	JPMORGAN CHASE & CO COM JPM	JPM	303,487	$39.5m1.77%	1.77%	Added +55.6k	+55,600 22.4%
11	PROCTER AND GAMBLE CO COM PG	PG	246,249	$36.6m1.64%	1.64%	Added +130.6k	+130,599 112.9%
12	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	110,294	$34.1m1.53%	1.53%	Reduced -7.5k	-7,506 -6.4%
13	MASTERCARD INCORPORATED CL A MA	MA	92,462	$33.6m1.51%	1.51%	Reduced -30.4k	-30,438 -24.8%
14	WELLS FARGO CO NEW COM WFC	WFC	860,400	$32.2m1.44%	1.44%	Added +117.3k	+117,300 15.8%
15	META PLATFORMS INC CL A META	META	141,500	$30.0m1.35%	1.35%	Unchanged
16	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	101,119	$28.9m1.30%	1.30%	New
17	WALMART INC COM WMT	WMT	194,981	$28.7m1.29%	1.29%	New
18	ABBVIE INC COM ABBV	ABBV	179,776	$28.7m1.29%	1.29%	Added +50.5k	+50,476 39.0%
19	BOOKING HOLDINGS INC COM BKNG	BKNG	10,600	$28.1m1.26%	1.26%	Added +2.4k	+2,400 29.3%
20	REGENERON PHARMACEUTICALS COM REGN	REGN	33,500	$27.5m1.24%	1.24%	Unchanged
21	TESLA INC COM TSLA	TSLA	131,500	$27.3m1.22%	1.22%	Unchanged
22	ELI LILLY & CO COM LLY	LLY	76,768	$26.4m1.18%	1.18%	Added +23.6k	+23,568 44.3%
23	CISCO SYS INC COM CSCO	CSCO	502,500	$26.3m1.18%	1.18%	Added +230.6k	+230,600 84.8%
24	LAM RESEARCH CORP COM COM		48,900	$25.9m1.16%	1.16%	Unchanged
25	CENCORA INC COM COR	COR	156,900	$25.1m1.13%	1.13%	Unchanged
26	GENERAL DYNAMICS CORP COM GD	GD	109,800	$25.1m1.12%	1.12%	Unchanged
27	T-MOBILE US INC COM TMUS	TMUS	171,870	$24.9m1.12%	1.12%	Added +67.6k	+67,570 64.8%
28	QUALCOMM INC COM QCOM	QCOM	183,100	$23.4m1.05%	1.05%	Unchanged
29	SCHWAB CHARLES CORP COM SCHW	SCHW	445,400	$23.3m1.05%	1.05%	Added +79.2k	+79,200 21.6%
30	MORGAN STANLEY COM NEW MS	MS	261,869	$23.0m1.03%	1.03%	Unchanged
31	DEXCOM INC COM DXCM	DXCM	194,957	$22.7m1.02%	1.02%	New
32	BOEING CO COM BA	BA	106,000	$22.5m1.01%	1.01%	Added +26.7k	+26,700 33.7%
33	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	96,700	$22.5m1.01%	1.01%	Unchanged
34	TRACTOR SUPPLY CO COM TSCO	TSCO	94,691	$22.3m1.00%	1.00%	Reduced -10.0k	-10,009 -9.6%
35	PHILIP MORRIS INTL INC COM PM	PM	227,435	$22.1m0.99%	0.99%	Added +22.8k	+22,835 11.2%
36	INCYTE CORP COM INCY	INCY	304,300	$22.0m0.99%	0.99%	Unchanged
37	DISNEY WALT CO COM DIS	DIS	219,300	$22.0m0.99%	0.99%	Added +160.5k	+160,500 273.0%
38	PROLOGIS INC. COM PLD	PLD	174,800	$21.8m0.98%	0.98%	Unchanged
39	INTUIT COM INTU	INTU	47,600	$21.2m0.95%	0.95%	Unchanged
40	TJX COS INC NEW COM TJX	TJX	270,060	$21.2m0.95%	0.95%	New
41	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	24,600	$20.9m0.94%	0.94%	Unchanged
42	ARISTA NETWORKS INC COM COM		123,891	$20.8m0.93%	0.93%	Reduced -25.3k	-25,309 -17.0%
43	MARATHON PETE CORP COM MPC	MPC	153,337	$20.7m0.93%	0.93%	Reduced -33.7k	-33,663 -18.0%
44	COMCAST CORP NEW CL A CMCSA	CMCSA	533,000	$20.2m0.91%	0.91%	Unchanged
45	QUANTA SVCS INC COM PWR	PWR	119,000	$19.8m0.89%	0.89%	Reduced -34.3k	-34,300 -22.4%
46	CVS HEALTH CORP COM CVS	CVS	266,674	$19.8m0.89%	0.89%	Reduced -118.3k	-118,326 -30.7%
47	TRANSDIGM GROUP INC COM TDG	TDG	26,700	$19.7m0.88%	0.88%	Unchanged
48	CONOCOPHILLIPS COM COP	COP	192,500	$19.1m0.86%	0.86%	Reduced -22.8k	-22,800 -10.6%
49	JOHNSON & JOHNSON COM JNJ	JNJ	121,800	$18.9m0.85%	0.85%	Unchanged
50	UNION PAC CORP COM UNP	UNP	92,600	$18.6m0.84%	0.84%	Unchanged
51	LINDE PLC SHS LIN	LIN	50,600	$18.0m0.81%	0.81%	New
52	INGERSOLL RAND INC COM IR	IR	302,900	$17.6m0.79%	0.79%	Unchanged
53	ANSYS INC COM ANSS	ANSS	52,100	$17.3m0.78%	0.78%	New
54	PARKER-HANNIFIN CORP COM PH	PH	51,557	$17.3m0.78%	0.78%	Reduced -30.8k	-30,843 -37.4%
55	MANHATTAN ASSOCIATES INC COM MANH	MANH	111,700	$17.3m0.78%	0.78%	New
56	HOME DEPOT INC COM HD	HD	58,000	$17.1m0.77%	0.77%	Unchanged
57	MONSTER BEVERAGE CORP NEW COM MNST	MNST	301,868	$16.3m0.73%	0.73%	New
58	PPL CORP COM PPL	PPL	576,500	$16.0m0.72%	0.72%	Unchanged
59	ALLEGION PLC ORD SHS ALLE	ALLE	150,000	$16.0m0.72%	0.72%	New
60	SEMPRA COM SRE	SRE	104,800	$15.8m0.71%	0.71%	Unchanged
61	MARKETAXESS HLDGS INC COM MKTX	MKTX	39,781	$15.6m0.70%	0.70%	Unchanged
62	LAUDER ESTEE COS INC CL A EL	EL	62,667	$15.4m0.69%	0.69%	New
63	YUM BRANDS INC COM YUM	YUM	113,200	$15.0m0.67%	0.67%	Unchanged
64	AUTODESK INC COM ADSK	ADSK	70,400	$14.7m0.66%	0.66%	New
65	PEPSICO INC COM PEP	PEP	78,800	$14.4m0.64%	0.64%	Unchanged
66	AES CORP COM AES	AES	582,500	$14.0m0.63%	0.63%	New
67	SYSCO CORP COM SYY	SYY	180,900	$14.0m0.63%	0.63%	Reduced -42.7k	-42,700 -19.1%
68	CENTERPOINT ENERGY INC COM CNP	CNP	460,600	$13.6m0.61%	0.61%	Unchanged
69	PAYCOM SOFTWARE INC COM PAYC	PAYC	44,200	$13.4m0.60%	0.60%	Unchanged
70	LAS VEGAS SANDS CORP COM LVS	LVS	229,800	$13.2m0.59%	0.59%	Reduced -20.6k	-20,600 -8.2%
71	PIONEER NAT RES CO COM PXD	PXD	63,600	$13.0m0.58%	0.58%	Unchanged
72	BANK AMERICA CORP COM BAC	BAC	444,968	$12.7m0.57%	0.57%	Reduced -471.4k	-471,432 -51.4%
73	SELECT SECTOR SPDR TR INDL XLI	XLI	125,600	$12.7m0.57%	0.57%	New
74	REALTY INCOME CORP COM O	O	190,900	$12.1m0.54%	0.54%	Unchanged
75	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	45,200	$11.8m0.53%	0.53%	Unchanged
76	CAPRI HOLDINGS LIMITED SHS CPRI	CPRI	248,000	$11.7m0.52%	0.52%	Reduced -32.7k	-32,700 -11.7%
77	STEEL DYNAMICS INC COM STLD	STLD	98,500	$11.1m0.50%	0.50%	Unchanged
78	PFIZER INC COM PFE	PFE	265,660	$10.8m0.49%	0.49%	Reduced -108.0k	-108,040 -28.9%
79	CARRIER GLOBAL CORPORATION COM CARR	CARR	230,814	$10.6m0.47%	0.47%	New
80	FMC CORP COM NEW FMC	FMC	86,200	$10.5m0.47%	0.47%	Added +10.9k	+10,900 14.5%
81	ADVANCED MICRO DEVICES INC COM AMD	AMD	106,300	$10.4m0.47%	0.47%	Unchanged
82	NETFLIX INC COM NFLX	NFLX	30,022	$10.4m0.47%	0.47%	New
83	SHERWIN WILLIAMS CO COM SHW	SHW	46,000	$10.3m0.46%	0.46%	Unchanged
84	COCA COLA CO COM KO	KO	165,700	$10.3m0.46%	0.46%	Unchanged
85	ORACLE CORP COM ORCL	ORCL	109,400	$10.2m0.46%	0.46%	Unchanged
86	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	45,500	$10.1m0.45%	0.45%	Reduced -49.7k	-49,700 -52.2%
87	AMERICAN INTL GROUP INC COM NEW AIG	AIG	199,900	$10.1m0.45%	0.45%	Reduced -293.7k	-293,700 -59.5%
88	PUBLIC STORAGE COM PSA	PSA	31,800	$9.6m0.43%	0.43%	Unchanged
89	LINCOLN ELEC HLDGS INC COM LECO	LECO	55,180	$9.3m0.42%	0.42%	Reduced -43.8k	-43,800 -44.2%
90	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	70,163	$9.1m0.41%	0.41%	Reduced -6.7k	-6,737 -8.8%
91	MERCK & CO INC COM MRK	MRK	84,000	$8.9m0.40%	0.40%	Unchanged
92	AIR PRODS & CHEMS INC COM APD	APD	26,800	$7.7m0.35%	0.35%	Added +4.5k	+4,500 20.2%
93	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	122,466	$7.1m0.32%	0.32%	New
94	EXXON MOBIL CORP COM XOM	XOM	63,874	$7.0m0.31%	0.31%	New
95	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	29,580	$4.5m0.20%	0.20%	Reduced -20.1k	-20,120 -40.5%

Sold out since Q4 2022

Security	Ticker	Shares held before	Value then
NORTHROP GRUMMAN CORP NOC	NOC	46,200	$25.2m46.2k shares
MOLINA HEALTHCARE INC MOH	MOH	72,900	$24.1m72.9k shares
ELECTRONIC ARTS INC EA	EA	177,100	$21.6m177.1k shares
ULTA BEAUTY INC ULTA	ULTA	44,600	$20.9m44.6k shares
CONSTELLATION BRANDS INC STZ	STZ	70,600	$16.4m70.6k shares
CMS ENERGY CORP CMS	CMS	242,800	$15.4m242.8k shares
LINDE PLC 99952EUR	99952EUR	46,700	$15.2m46.7k shares
MOLSON COORS BEVERAGE CO TAP	TAP	288,100	$14.8m288.1k shares
MARRIOTT INTL INC NEW MAR	MAR	94,800	$14.1m94.8k shares
COSTCO WHSL CORP NEW COST	COST	29,000	$13.2m29.0k shares
PALO ALTO NETWORKS INC PANW	PANW	93,000	$13.0m93.0k shares
ARCHER DANIELS MIDLAND CO ADM	ADM	133,900	$12.4m133.9k shares
VERIZON COMMUNICATIONS INC VZ	VZ	259,000	$10.2m259.0k shares
SELECT SECTOR SPDR TR XLP	XLP	83,100	$6.2m83.1k shares
LYONDELLBASELL INDUSTRIES N LYB	LYB	41,900	$3.5m41.9k shares