ADAMS DIVERSIFIED EQUITY FUND, INC.

BALTIMORE, MD · CIK 2230 · 13F filing filed 2023-08-01

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)

$2.4bn reported value +7.8% vs Q1 2023

92positions

33.7%in top 10

19 new 16 added 20 reduced 22 sold out vs Q1 2023

Holdings, Q2 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	$185.1m7.70%	7.70%	Unchanged
2	MICROSOFT CORP COM MSFT	MSFT	517,700	$176.3m7.34%	7.34%	Unchanged
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	729,300	$87.3m3.63%	3.63%	Added +122.9k	+122,900 20.3%
4	NVIDIA CORPORATION COM NVDA	NVDA	166,400	$70.4m2.93%	2.93%	Unchanged
5	AMAZON COM INC COM AMZN	AMZN	538,100	$70.1m2.92%	2.92%	Unchanged
6	VISA INC COM CL A V	V	195,361	$46.4m1.93%	1.93%	Added +18.1k	+18,061 10.2%
7	JPMORGAN CHASE & CO COM JPM	JPM	313,063	$45.5m1.89%	1.89%	Added +9.6k	+9,576 3.2%
8	ADAM NAT RES FD INC COM PEO	PEO	2,186,774	$45.5m1.89%	1.89%	Unchanged
9	UNITEDHEALTH GROUP INC COM UNH	UNH	90,600	$43.5m1.81%	1.81%	Reduced -8.7k	-8,700 -8.8%
10	META PLATFORMS INC CL A META	META	141,500	$40.6m1.69%	1.69%	Unchanged
11	PROCTER AND GAMBLE CO COM PG	PG	261,449	$39.7m1.65%	1.65%	Added +15.2k	+15,200 6.2%
12	ELI LILLY & CO COM LLY	LLY	76,768	$36.0m1.50%	1.50%	Unchanged
13	TESLA INC COM TSLA	TSLA	131,500	$34.4m1.43%	1.43%	Unchanged
14	MASTERCARD INCORPORATED CL A MA	MA	86,162	$33.9m1.41%	1.41%	Reduced -6.3k	-6,300 -6.8%
15	WALMART INC COM WMT	WMT	203,581	$32.0m1.33%	1.33%	Added +8.6k	+8,600 4.4%
16	WELLS FARGO CO NEW COM WFC	WFC	748,800	$32.0m1.33%	1.33%	Reduced -111.6k	-111,600 -13.0%
17	LAM RESEARCH CORP COM COM		48,900	$31.4m1.31%	1.31%	Unchanged
18	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	101,119	$31.2m1.30%	1.30%	Unchanged
19	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	57,200	$29.8m1.24%	1.24%	Reduced -19.4k	-19,400 -25.3%
20	NETFLIX INC COM NFLX	NFLX	65,722	$28.9m1.20%	1.20%	Added +35.7k	+35,700 118.9%
21	ABBOTT LABS COM ABT	ABT	265,200	$28.9m1.20%	1.20%	New
22	BOOKING HOLDINGS INC COM BKNG	BKNG	10,500	$28.4m1.18%	1.18%	Reduced -100	-100 -0.9%
23	LOCKHEED MARTIN CORP COM LMT	LMT	59,211	$27.3m1.13%	1.13%	New
24	COMCAST CORP NEW CL A CMCSA	CMCSA	646,500	$26.9m1.12%	1.12%	Added +113.5k	+113,500 21.3%
25	BOEING CO COM BA	BA	125,177	$26.4m1.10%	1.10%	Added +19.2k	+19,177 18.1%
26	CISCO SYS INC COM CSCO	CSCO	502,500	$26.0m1.08%	1.08%	Unchanged
27	MERCK & CO INC COM MRK	MRK	223,300	$25.8m1.07%	1.07%	Added +139.3k	+139,300 165.8%
28	CENCORA INC COM COR	COR	131,600	$25.3m1.05%	1.05%	Reduced -25.3k	-25,300 -16.1%
29	DEXCOM INC COM DXCM	DXCM	194,957	$25.1m1.04%	1.04%	Unchanged
30	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	72,543	$24.7m1.03%	1.03%	Reduced -37.8k	-37,751 -34.2%
31	TRANSDIGM GROUP INC COM TDG	TDG	26,700	$23.9m0.99%	0.99%	Unchanged
32	QUANTA SVCS INC COM PWR	PWR	119,000	$23.4m0.97%	0.97%	Unchanged
33	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	24,000	$22.9m0.95%	0.95%	Reduced -600	-600 -2.4%
34	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	96,700	$22.8m0.95%	0.95%	Unchanged
35	ARISTA NETWORKS INC COM COM		139,991	$22.7m0.94%	0.94%	Added +16.1k	+16,100 13.0%
36	MORGAN STANLEY COM NEW MS	MS	261,869	$22.4m0.93%	0.93%	Unchanged
37	MANHATTAN ASSOCIATES INC COM MANH	MANH	111,700	$22.3m0.93%	0.93%	Unchanged
38	PHILIP MORRIS INTL INC COM PM	PM	227,435	$22.2m0.92%	0.92%	Unchanged
39	TJX COS INC NEW COM TJX	TJX	260,360	$22.1m0.92%	0.92%	Reduced -9.7k	-9,700 -3.6%
40	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	165,500	$22.0m0.91%	0.91%	Added +95.3k	+95,337 135.9%
41	INTUIT COM INTU	INTU	47,600	$21.8m0.91%	0.91%	Unchanged
42	CARRIER GLOBAL CORPORATION COM CARR	CARR	436,020	$21.7m0.90%	0.90%	Added +205.2k	+205,206 88.9%
43	PROLOGIS INC. COM PLD	PLD	174,800	$21.4m0.89%	0.89%	Unchanged
44	TRACTOR SUPPLY CO COM TSCO	TSCO	92,391	$20.4m0.85%	0.85%	Reduced -2.3k	-2,300 -2.4%
45	SCHWAB CHARLES CORP COM SCHW	SCHW	357,500	$20.3m0.84%	0.84%	Reduced -87.9k	-87,900 -19.7%
46	LINDE PLC SHS LIN	LIN	50,600	$19.3m0.80%	0.80%	Unchanged
47	UNION PAC CORP COM UNP	UNP	92,600	$18.9m0.79%	0.79%	Unchanged
48	MICRON TECHNOLOGY INC COM MU	MU	289,400	$18.3m0.76%	0.76%	New
49	QUALCOMM INC COM QCOM	QCOM	152,600	$18.2m0.76%	0.76%	Reduced -30.5k	-30,500 -16.7%
50	HOME DEPOT INC COM HD	HD	58,000	$18.0m0.75%	0.75%	Unchanged
51	ALLEGION PLC ORD SHS ALLE	ALLE	150,000	$18.0m0.75%	0.75%	Unchanged
52	UBER TECHNOLOGIES INC COM UBER	UBER	405,500	$17.5m0.73%	0.73%	New
53	INGERSOLL RAND INC COM IR	IR	267,300	$17.5m0.73%	0.73%	Reduced -35.6k	-35,600 -11.8%
54	IDEXX LABS INC COM IDXX	IDXX	34,300	$17.2m0.72%	0.72%	New
55	VERIZON COMMUNICATIONS INC COM VZ	VZ	462,800	$17.2m0.72%	0.72%	New
56	ANSYS INC COM ANSS	ANSS	52,100	$17.2m0.72%	0.72%	Unchanged
57	BECTON DICKINSON & CO COM BDX	BDX	63,900	$16.9m0.70%	0.70%	New
58	JOHNSON & JOHNSON COM JNJ	JNJ	101,200	$16.8m0.70%	0.70%	Reduced -20.6k	-20,600 -16.9%
59	CHUBB LIMITED COM CB	CB	84,800	$16.3m0.68%	0.68%	New
60	SELECT SECTOR SPDR TR INDL XLI	XLI	150,500	$16.2m0.67%	0.67%	Added +24.9k	+24,900 19.8%
61	PRICE T ROWE GROUP INC COM TROW	TROW	143,700	$16.1m0.67%	0.67%	New
62	EXXON MOBIL CORP COM XOM	XOM	148,174	$15.9m0.66%	0.66%	Added +84.3k	+84,300 132.0%
63	YUM BRANDS INC COM YUM	YUM	113,200	$15.7m0.65%	0.65%	Unchanged
64	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	107,783	$15.4m0.64%	0.64%	New
65	PPL CORP COM PPL	PPL	576,500	$15.3m0.63%	0.63%	Unchanged
66	DIAMONDBACK ENERGY INC COM FANG	FANG	114,200	$15.0m0.62%	0.62%	New
67	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	85,400	$14.8m0.62%	0.62%	Added +55.8k	+55,820 188.7%
68	CVS HEALTH CORP COM CVS	CVS	213,574	$14.8m0.61%	0.61%	Reduced -53.1k	-53,100 -19.9%
69	PEPSICO INC COM PEP	PEP	78,800	$14.6m0.61%	0.61%	Unchanged
70	REGENERON PHARMACEUTICALS COM REGN	REGN	20,000	$14.4m0.60%	0.60%	Reduced -13.5k	-13,500 -40.3%
71	ALTRIA GROUP INC COM MO	MO	316,400	$14.3m0.60%	0.60%	New
72	DIGITAL RLTY TR INC COM DLR	DLR	123,000	$14.0m0.58%	0.58%	New
73	MONSTER BEVERAGE CORP NEW COM MNST	MNST	242,668	$13.9m0.58%	0.58%	Reduced -59.2k	-59,200 -19.6%
74	MARATHON PETE CORP COM MPC	MPC	117,037	$13.6m0.57%	0.57%	Reduced -36.3k	-36,300 -23.7%
75	CENTERPOINT ENERGY INC COM CNP	CNP	460,600	$13.4m0.56%	0.56%	Unchanged
76	LAS VEGAS SANDS CORP COM LVS	LVS	229,800	$13.3m0.55%	0.55%	Unchanged
77	PIONEER NAT RES CO COM PXD	PXD	63,600	$13.2m0.55%	0.55%	Unchanged
78	ORACLE CORP COM ORCL	ORCL	109,400	$13.0m0.54%	0.54%	Unchanged
79	PUBLIC STORAGE COM PSA	PSA	43,300	$12.6m0.53%	0.53%	Added +11.5k	+11,500 36.2%
80	COLGATE PALMOLIVE CO COM CL	CL	158,500	$12.2m0.51%	0.51%	New
81	ADVANCED MICRO DEVICES INC COM AMD	AMD	106,300	$12.1m0.50%	0.50%	Unchanged
82	AES CORP COM AES	AES	582,500	$12.1m0.50%	0.50%	Unchanged
83	PPG INDS INC COM PPG	PPG	78,800	$11.7m0.49%	0.49%	New
84	DUPONT DE NEMOURS INC COM DWDP	DWDP	151,686	$10.8m0.45%	0.45%	New
85	BANK AMERICA CORP COM BAC	BAC	367,768	$10.6m0.44%	0.44%	Reduced -77.2k	-77,200 -17.4%
86	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	45,500	$10.0m0.42%	0.42%	Unchanged
87	COCA COLA CO COM KO	KO	165,700	$10.0m0.42%	0.42%	Unchanged
88	VENTAS INC COM VTR	VTR	206,000	$9.7m0.41%	0.41%	New
89	TECK RESOURCES LTD CL B TECK	TECK	229,400	$9.7m0.40%	0.40%	New
90	MARKETAXESS HLDGS INC COM MKTX	MKTX	31,981	$8.4m0.35%	0.35%	Reduced -7.8k	-7,800 -19.6%
91	AIR PRODS & CHEMS INC COM APD	APD	26,800	$8.0m0.33%	0.33%	Unchanged
92	GENERAC HLDGS INC COM GNRC	GNRC	28,100	$4.2m0.17%	0.17%	New

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
ABBVIE INC ABBV	ABBV	179,776	$28.7m179.8k shares
GENERAL DYNAMICS CORP GD	GD	109,800	$25.1m109.8k shares
T-MOBILE US INC TMUS	TMUS	171,870	$24.9m171.9k shares
INCYTE CORP INCY	INCY	304,300	$22.0m304.3k shares
DISNEY WALT CO DIS	DIS	219,300	$22.0m219.3k shares
CONOCOPHILLIPS COP	COP	192,500	$19.1m192.5k shares
PARKER-HANNIFIN CORP PH	PH	51,557	$17.3m51.6k shares
SEMPRA SRE	SRE	104,800	$15.8m104.8k shares
LAUDER ESTEE COS INC EL	EL	62,667	$15.4m62.7k shares
AUTODESK INC ADSK	ADSK	70,400	$14.7m70.4k shares
SYSCO CORP SYY	SYY	180,900	$14.0m180.9k shares
PAYCOM SOFTWARE INC PAYC	PAYC	44,200	$13.4m44.2k shares
REALTY INCOME CORP O	O	190,900	$12.1m190.9k shares
SBA COMMUNICATIONS CORP NEW SBAC	SBAC	45,200	$11.8m45.2k shares
CAPRI HOLDINGS LIMITED CPRI	CPRI	248,000	$11.7m248.0k shares
STEEL DYNAMICS INC STLD	STLD	98,500	$11.1m98.5k shares
PFIZER INC PFE	PFE	265,660	$10.8m265.7k shares
FMC CORP FMC	FMC	86,200	$10.5m86.2k shares
SHERWIN WILLIAMS CO SHW	SHW	46,000	$10.3m46.0k shares
AMERICAN INTL GROUP INC AIG	AIG	199,900	$10.1m199.9k shares
LINCOLN ELEC HLDGS INC LECO	LECO	55,180	$9.3m55.2k shares
SELECT SECTOR SPDR TR XLC	XLC	122,466	$7.1m122.5k shares