ADAMS DIVERSIFIED EQUITY FUND, INC.

BALTIMORE, MD · CIK 2230 · 13F filing filed 2024-04-24

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)

$2.8bn reported value +11.1% vs Q4 2023

90positions

37.1%in top 10

21 new 11 added 17 reduced 17 sold out vs Q4 2023

Holdings, Q1 2024

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	MICROSOFT CORP COM MSFT	MSFT	531,800	$223.7m7.94%	7.94%	Unchanged
2	APPLE INC COM AAPL	AAPL	874,100	$149.9m5.32%	5.32%	Unchanged
3	NVIDIA CORPORATION COM NVDA	NVDA	161,100	$145.6m5.17%	5.17%	Unchanged
4	AMAZON COM INC COM AMZN	AMZN	684,600	$123.5m4.38%	4.38%	Unchanged
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	709,600	$107.1m3.80%	3.80%	Added +57.0k	+57,000 8.7%
6	META PLATFORMS INC CL A META	META	158,100	$76.8m2.73%	2.73%	Added +16.6k	+16,600 11.7%
7	JPMORGAN CHASE & CO COM JPM	JPM	304,363	$61.0m2.16%	2.16%	Unchanged
8	VISA INC COM CL A V	V	195,161	$54.5m1.93%	1.93%	Unchanged
9	UNITEDHEALTH GROUP INC COM UNH	UNH	107,700	$53.3m1.89%	1.89%	Added +17.1k	+17,100 18.9%
10	ADAM NAT RES FD INC COM PEO	PEO	2,186,774	$50.4m1.79%	1.79%	Unchanged
11	ELI LILLY & CO COM LLY	LLY	63,568	$49.5m1.76%	1.76%	Unchanged
12	BANK AMERICA CORP COM BAC	BAC	1,105,368	$41.9m1.49%	1.49%	Unchanged
13	SALESFORCE INC COM CRM	CRM	135,700	$40.9m1.45%	1.45%	Unchanged
14	PROCTER AND GAMBLE CO COM PG	PG	226,849	$36.8m1.31%	1.31%	Reduced -34.6k	-34,600 -13.2%
15	LAM RESEARCH CORP COM COM		37,500	$36.4m1.29%	1.29%	Reduced -6.2k	-6,200 -14.2%
16	ADVANCED MICRO DEVICES INC COM AMD	AMD	197,100	$35.6m1.26%	1.26%	Reduced -60.3k	-60,300 -23.4%
17	UNION PAC CORP COM UNP	UNP	142,400	$35.0m1.24%	1.24%	Added +11.3k	+11,300 8.6%
18	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	82,643	$34.8m1.23%	1.23%	Unchanged
19	CENCORA INC COM COR	COR	140,500	$34.1m1.21%	1.21%	Unchanged
20	ABBVIE INC COM ABBV	ABBV	180,000	$32.8m1.16%	1.16%	New
21	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	218,500	$32.3m1.15%	1.15%	New
22	NETFLIX INC COM NFLX	NFLX	52,422	$31.8m1.13%	1.13%	Unchanged
23	REGENERON PHARMACEUTICALS COM REGN	REGN	32,300	$31.1m1.10%	1.10%	Unchanged
24	INTUIT COM INTU	INTU	47,600	$30.9m1.10%	1.10%	Unchanged
25	MICRON TECHNOLOGY INC COM MU	MU	260,700	$30.7m1.09%	1.09%	Reduced -28.7k	-28,700 -9.9%
26	WALMART INC COM WMT	WMT	506,943	$30.5m1.08%	1.08%	Reduced -103.8k	-103,800 -17.0%
27	ADOBE INC COM ADBE	ADBE	58,300	$29.4m1.04%	1.04%	Added +41.7k	+41,700 251.2%
28	TRANE TECHNOLOGIES PLC SHS TT	TT	97,000	$29.1m1.03%	1.03%	Reduced -15.8k	-15,800 -14.0%
29	AMERICAN INTL GROUP INC COM NEW AIG	AIG	367,000	$28.7m1.02%	1.02%	Reduced -54.6k	-54,600 -12.9%
30	SYNOPSYS INC COM SNPS	SNPS	50,100	$28.6m1.02%	1.02%	Unchanged
31	LINDE PLC SHS LIN	LIN	61,400	$28.5m1.01%	1.01%	Added +3.3k	+3,300 5.7%
32	MORGAN STANLEY COM NEW MS	MS	302,269	$28.5m1.01%	1.01%	Reduced -44.8k	-44,800 -12.9%
33	TRANSDIGM GROUP INC COM TDG	TDG	22,600	$27.8m0.99%	0.99%	Reduced -1.3k	-1,300 -5.4%
34	UBER TECHNOLOGIES INC COM UBER	UBER	357,200	$27.5m0.98%	0.98%	Unchanged
35	DEXCOM INC COM DXCM	DXCM	194,957	$27.0m0.96%	0.96%	Unchanged
36	MCDONALDS CORP COM MCD	MCD	93,400	$26.3m0.93%	0.93%	Reduced -11.5k	-11,500 -11.0%
37	VERIZON COMMUNICATIONS INC COM VZ	VZ	617,000	$25.9m0.92%	0.92%	Added +154.2k	+154,200 33.3%
38	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	22,800	$25.7m0.91%	0.91%	Unchanged
39	LEIDOS HOLDINGS INC COM LDOS	LDOS	195,900	$25.7m0.91%	0.91%	New
40	BOOKING HOLDINGS INC COM BKNG	BKNG	7,000	$25.4m0.90%	0.90%	Unchanged
41	INGERSOLL RAND INC COM IR	IR	267,300	$25.4m0.90%	0.90%	Unchanged
42	REPUBLIC SVCS INC COM RSG	RSG	132,500	$25.4m0.90%	0.90%	Reduced -15.7k	-15,700 -10.6%
43	PHILIP MORRIS INTL INC COM PM	PM	259,935	$23.8m0.85%	0.85%	Added +32.5k	+32,500 14.3%
44	TESLA INC COM TSLA	TSLA	134,700	$23.7m0.84%	0.84%	Unchanged
45	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	40,700	$23.7m0.84%	0.84%	Unchanged
46	PENTAIR PLC SHS PNR	PNR	272,900	$23.3m0.83%	0.83%	New
47	ZOETIS INC CL A ZTS	ZTS	135,900	$23.0m0.82%	0.82%	Unchanged
48	HUBBELL INC COM HUBB	HUBB	55,400	$23.0m0.82%	0.82%	New
49	COLGATE PALMOLIVE CO COM CL	CL	255,200	$23.0m0.82%	0.82%	Added +64.4k	+64,400 33.8%
50	CBOE GLOBAL MKTS INC COM CBOE	CBOE	124,800	$22.9m0.81%	0.81%	New
51	PROLOGIS INC. COM PLD	PLD	174,800	$22.8m0.81%	0.81%	Unchanged
52	ANALOG DEVICES INC COM ADI	ADI	112,000	$22.2m0.79%	0.79%	New
53	MARSH & MCLENNAN COS INC COM MRSH	MRSH	100,100	$20.6m0.73%	0.73%	New
54	ARISTA NETWORKS INC COM COM		70,391	$20.4m0.72%	0.72%	Unchanged
55	BLACKSTONE INC COM BX	BX	153,600	$20.2m0.72%	0.72%	New
56	MARATHON PETE CORP COM MPC	MPC	99,837	$20.1m0.71%	0.71%	Unchanged
57	TARGET CORP COM TGT	TGT	112,500	$19.9m0.71%	0.71%	New
58	NIKE INC CL B NKE	NKE	211,100	$19.8m0.70%	0.70%	New
59	FREEPORT-MCMORAN INC CL B FCX	FCX	404,100	$19.0m0.67%	0.67%	New
60	NEXTERA ENERGY INC COM NEE	NEE	288,300	$18.4m0.65%	0.65%	Added +95.4k	+95,400 49.5%
61	DIAMONDBACK ENERGY INC COM FANG	FANG	90,600	$18.0m0.64%	0.64%	Unchanged
62	CISCO SYS INC COM CSCO	CSCO	359,400	$17.9m0.64%	0.64%	Unchanged
63	S&P GLOBAL INC COM SPGI	SPGI	39,600	$16.8m0.60%	0.60%	Reduced -39.1k	-39,100 -49.7%
64	ULTA BEAUTY INC COM ULTA	ULTA	31,900	$16.7m0.59%	0.59%	Unchanged
65	METLIFE INC COM MET	MET	220,200	$16.3m0.58%	0.58%	New
66	EQUINIX INC COM EQIX	EQIX	19,500	$16.1m0.57%	0.57%	New
67	JOHNSON & JOHNSON COM JNJ	JNJ	101,200	$16.0m0.57%	0.57%	Unchanged
68	HOME DEPOT INC COM HD	HD	41,500	$15.9m0.57%	0.57%	Unchanged
69	DTE ENERGY CO COM DTE	DTE	137,400	$15.4m0.55%	0.55%	Unchanged
70	MASTERCARD INCORPORATED CL A MA	MA	30,562	$14.7m0.52%	0.52%	Reduced -55.2k	-55,200 -64.4%
71	DISNEY WALT CO COM DIS	DIS	118,900	$14.5m0.52%	0.52%	New
72	MONSTER BEVERAGE CORP NEW COM MNST	MNST	242,668	$14.4m0.51%	0.51%	Unchanged
73	HESS CORP COM HES	HES	92,600	$14.1m0.50%	0.50%	New
74	CHEVRON CORP NEW COM CVX	CVX	89,500	$14.1m0.50%	0.50%	New
75	IDEXX LABS INC COM IDXX	IDXX	26,100	$14.1m0.50%	0.50%	Unchanged
76	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	38,319	$13.3m0.47%	0.47%	Reduced -62.8k	-62,800 -62.1%
77	GENERAC HLDGS INC COM GNRC	GNRC	103,400	$13.0m0.46%	0.46%	Added +10.7k	+10,700 11.5%
78	PUBLIC STORAGE COM PSA	PSA	43,300	$12.6m0.45%	0.45%	Unchanged
79	BROADCOM INC COM AVGO	AVGO	8,800	$11.7m0.41%	0.41%	New
80	ATMOS ENERGY CORP COM ATO	ATO	97,300	$11.6m0.41%	0.41%	Unchanged
81	CBRE GROUP INC CL A CBRE	CBRE	118,700	$11.5m0.41%	0.41%	Unchanged
82	MERCK & CO INC COM MRK	MRK	86,400	$11.4m0.40%	0.40%	Reduced -246.3k	-246,300 -74.0%
83	PPG INDS INC COM PPG	PPG	64,900	$9.4m0.33%	0.33%	Reduced -32.5k	-32,500 -33.4%
84	COCA COLA CO COM KO	KO	144,000	$8.8m0.31%	0.31%	Unchanged
85	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	16,200	$8.5m0.30%	0.30%	New
86	PEPSICO INC COM PEP	PEP	47,800	$8.4m0.30%	0.30%	Unchanged
87	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	110,000	$7.2m0.26%	0.26%	New
88	BOEING CO COM BA	BA	34,777	$6.7m0.24%	0.24%	Reduced -90.4k	-90,400 -72.2%
89	ORACLE CORP COM ORCL	ORCL	48,800	$6.1m0.22%	0.22%	Unchanged
90	AVERY DENNISON CORP COM AVY	AVY	25,900	$5.8m0.21%	0.21%	New

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
CHUBB LIMITED CB	CB	122,100	$27.6m122.1k shares
COMCAST CORP NEW CMCSA	CMCSA	587,700	$25.8m587.7k shares
QUANTA SVCS INC PWR	PWR	119,000	$25.7m119.0k shares
BECTON DICKINSON & CO BDX	BDX	86,300	$21.0m86.3k shares
LOCKHEED MARTIN CORP LMT	LMT	46,311	$21.0m46.3k shares
ELEVANCE HEALTH INC ELV	ELV	39,700	$18.7m39.7k shares
SKECHERS U S A INC SKX	SKX	280,900	$17.5m280.9k shares
DIGITAL RLTY TR INC DLR	DLR	123,000	$16.6m123.0k shares
EXXON MOBIL CORP XOM	XOM	148,174	$14.8m148.2k shares
CENTERPOINT ENERGY INC CNP	CNP	460,600	$13.2m460.6k shares
ALTRIA GROUP INC MO	MO	316,400	$12.8m316.4k shares
PIONEER NAT RES CO PXD	PXD	53,300	$12.0m53.3k shares
DUPONT DE NEMOURS INC DWDP	DWDP	133,986	$10.3m134.0k shares
ELECTRONIC ARTS INC EA	EA	73,700	$10.1m73.7k shares
TECK RESOURCES LTD TECK	TECK	229,400	$9.7m229.4k shares
SELECT SECTOR SPDR TR XLK	XLK	41,900	$8.1m41.9k shares
QUALCOMM INC QCOM	QCOM	37,600	$5.4m37.6k shares