ADAMS DIVERSIFIED EQUITY FUND, INC.

BALTIMORE, MD · CIK 2230 · 13F filing filed 2024-08-01

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)

$2.9bn reported value +4.1% vs Q1 2024

97positions

41.1%in top 10

19 new 11 added 23 reduced 12 sold out vs Q1 2024

Holdings, Q2 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	525,200	$234.7m8.01%	8.01%	Reduced -6.6k	-6,600 -1.2%
2	APPLE INC COM AAPL	AAPL	1,010,100	$212.7m7.26%	7.26%	Added +136.0k	+136,000 15.6%
3	NVIDIA CORPORATION COM NVDA	NVDA	1,611,000	$199.0m6.79%	6.79%	Unchanged
4	AMAZON COM INC COM AMZN	AMZN	684,600	$132.3m4.51%	4.51%	Unchanged
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	709,600	$129.3m4.41%	4.41%	Unchanged
6	META PLATFORMS INC CL A META	META	148,700	$75.0m2.56%	2.56%	Reduced -9.4k	-9,400 -6.0%
7	JPMORGAN CHASE & CO COM JPM	JPM	304,363	$61.6m2.10%	2.10%	Unchanged
8	ELI LILLY & CO COM LLY	LLY	63,568	$57.6m1.96%	1.96%	Unchanged
9	ADAM NAT RES FD INC COM PEO	PEO	2,186,774	$51.6m1.76%	1.76%	Unchanged
10	VISA INC COM CL A V	V	195,161	$51.2m1.75%	1.75%	Unchanged
11	BANK AMERICA CORP COM BAC	BAC	1,105,368	$44.0m1.50%	1.50%	Unchanged
12	LAM RESEARCH CORP COM COM		37,500	$39.9m1.36%	1.36%	Unchanged
13	ABBVIE INC COM ABBV	ABBV	222,200	$38.1m1.30%	1.30%	Added +42.2k	+42,200 23.4%
14	ADVANCED MICRO DEVICES INC COM AMD	AMD	233,800	$37.9m1.29%	1.29%	Added +36.7k	+36,700 18.6%
15	WALMART INC COM WMT	WMT	506,943	$34.3m1.17%	1.17%	Unchanged
16	REGENERON PHARMACEUTICALS COM REGN	REGN	32,300	$33.9m1.16%	1.16%	Unchanged
17	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	82,643	$33.6m1.15%	1.15%	Unchanged
18	TRANE TECHNOLOGIES PLC SHS TT	TT	97,000	$31.9m1.09%	1.09%	Unchanged
19	CENCORA INC COM COR	COR	140,500	$31.7m1.08%	1.08%	Unchanged
20	INTUIT COM INTU	INTU	47,600	$31.3m1.07%	1.07%	Unchanged
21	NETFLIX INC COM NFLX	NFLX	45,222	$30.5m1.04%	1.04%	Reduced -7.2k	-7,200 -13.7%
22	SYNOPSYS INC COM SNPS	SNPS	50,100	$29.8m1.02%	1.02%	Unchanged
23	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	52,700	$29.1m0.99%	0.99%	Added +12.0k	+12,000 29.5%
24	THE CIGNA GROUP COM CI	CI	86,900	$28.7m0.98%	0.98%	New
25	PHILIP MORRIS INTL INC COM PM	PM	280,035	$28.4m0.97%	0.97%	Added +20.1k	+20,100 7.7%
26	BOOKING HOLDINGS INC COM BKNG	BKNG	7,000	$27.7m0.95%	0.95%	Unchanged
27	AMERICAN INTL GROUP INC COM NEW AIG	AIG	367,000	$27.2m0.93%	0.93%	Unchanged
28	LINDE PLC SHS LIN	LIN	61,400	$26.9m0.92%	0.92%	Unchanged
29	TESLA INC COM TSLA	TSLA	134,700	$26.7m0.91%	0.91%	Unchanged
30	COLGATE PALMOLIVE CO COM CL	CL	272,600	$26.5m0.90%	0.90%	Added +17.4k	+17,400 6.8%
31	UBER TECHNOLOGIES INC COM UBER	UBER	357,200	$26.0m0.89%	0.89%	Unchanged
32	REPUBLIC SVCS INC COM RSG	RSG	132,500	$25.8m0.88%	0.88%	Unchanged
33	ANALOG DEVICES INC COM ADI	ADI	112,000	$25.6m0.87%	0.87%	Unchanged
34	GENERAL DYNAMICS CORP COM GD	GD	87,500	$25.4m0.87%	0.87%	New
35	MORGAN STANLEY COM NEW MS	MS	258,669	$25.1m0.86%	0.86%	Reduced -43.6k	-43,600 -14.4%
36	MICRON TECHNOLOGY INC COM MU	MU	190,600	$25.1m0.86%	0.86%	Reduced -70.1k	-70,100 -26.9%
37	NEXTERA ENERGY INC COM NEE	NEE	352,700	$25.0m0.85%	0.85%	Added +64.4k	+64,400 22.3%
38	ARISTA NETWORKS INC COM COM		70,391	$24.7m0.84%	0.84%	Unchanged
39	TRANSDIGM GROUP INC COM TDG	TDG	19,300	$24.7m0.84%	0.84%	Reduced -3.3k	-3,300 -14.6%
40	PNC FINL SVCS GROUP INC COM PNC	PNC	158,300	$24.6m0.84%	0.84%	New
41	LEIDOS HOLDINGS INC COM LDOS	LDOS	166,900	$24.3m0.83%	0.83%	Reduced -29.0k	-29,000 -14.8%
42	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	22,800	$24.1m0.82%	0.82%	Unchanged
43	MCDONALDS CORP COM MCD	MCD	93,400	$23.8m0.81%	0.81%	Unchanged
44	SCHWAB CHARLES CORP COM SCHW	SCHW	310,700	$22.9m0.78%	0.78%	New
45	VERIZON COMMUNICATIONS INC COM VZ	VZ	515,500	$21.3m0.73%	0.73%	Reduced -101.5k	-101,500 -16.4%
46	EDWARDS LIFESCIENCES CORP COM EW	EW	228,100	$21.1m0.72%	0.72%	New
47	ZOETIS INC CL A ZTS	ZTS	119,000	$20.6m0.70%	0.70%	Reduced -16.9k	-16,900 -12.4%
48	MARSH & MCLENNAN COS INC COM MRSH	MRSH	96,200	$20.3m0.69%	0.69%	Reduced -3.9k	-3,900 -3.9%
49	HUBBELL INC COM HUBB	HUBB	55,400	$20.2m0.69%	0.69%	Unchanged
50	BROADCOM INC COM AVGO	AVGO	12,400	$19.9m0.68%	0.68%	Added +3.6k	+3,600 40.9%
51	UNION PAC CORP COM UNP	UNP	87,200	$19.7m0.67%	0.67%	Reduced -55.2k	-55,200 -38.8%
52	FREEPORT-MCMORAN INC CL B FCX	FCX	404,100	$19.6m0.67%	0.67%	Unchanged
53	DANAHER CORPORATION COM DHR	DHR	72,900	$18.2m0.62%	0.62%	New
54	DIAMONDBACK ENERGY INC COM FANG	FANG	90,600	$18.1m0.62%	0.62%	Unchanged
55	TARGET CORP COM TGT	TGT	120,300	$17.8m0.61%	0.61%	Added +7.8k	+7,800 6.9%
56	UNITEDHEALTH GROUP INC COM UNH	UNH	34,900	$17.8m0.61%	0.61%	Reduced -72.8k	-72,800 -67.6%
57	RTX CORPORATION COM RTX	RTX	173,300	$17.4m0.59%	0.59%	New
58	MARATHON PETE CORP COM MPC	MPC	99,837	$17.3m0.59%	0.59%	Unchanged
59	SYSCO CORP COM SYY	SYY	239,900	$17.1m0.58%	0.58%	New
60	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	74,400	$16.8m0.57%	0.57%	New
61	PUBLIC STORAGE COM PSA	PSA	58,400	$16.8m0.57%	0.57%	Added +15.1k	+15,100 34.9%
62	ALLSTATE CORP COM ALL	ALL	104,500	$16.7m0.57%	0.57%	New
63	ADOBE INC COM ADBE	ADBE	29,200	$16.2m0.55%	0.55%	Reduced -29.1k	-29,100 -49.9%
64	SALESFORCE INC COM CRM	CRM	62,800	$16.1m0.55%	0.55%	Reduced -72.9k	-72,900 -53.7%
65	NIKE INC CL B NKE	NKE	211,100	$15.9m0.54%	0.54%	Unchanged
66	PROLOGIS INC. COM PLD	PLD	141,000	$15.8m0.54%	0.54%	Reduced -33.8k	-33,800 -19.3%
67	DTE ENERGY CO COM DTE	DTE	137,400	$15.3m0.52%	0.52%	Unchanged
68	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	194,300	$14.9m0.51%	0.51%	New
69	JOHNSON & JOHNSON COM JNJ	JNJ	101,200	$14.8m0.50%	0.50%	Unchanged
70	EQUINIX INC COM EQIX	EQIX	19,500	$14.8m0.50%	0.50%	Unchanged
71	DEXCOM INC COM DXCM	DXCM	128,057	$14.5m0.50%	0.50%	Reduced -66.9k	-66,900 -34.3%
72	HOME DEPOT INC COM HD	HD	41,500	$14.3m0.49%	0.49%	Unchanged
73	PARKER-HANNIFIN CORP COM PH	PH	27,800	$14.1m0.48%	0.48%	New
74	CHEVRON CORP NEW COM CVX	CVX	89,500	$14.0m0.48%	0.48%	Unchanged
75	PENTAIR PLC SHS PNR	PNR	180,800	$13.9m0.47%	0.47%	Reduced -92.1k	-92,100 -33.8%
76	HESS CORP COM HES	HES	92,600	$13.7m0.47%	0.47%	Unchanged
77	MASTERCARD INCORPORATED CL A MA	MA	30,562	$13.5m0.46%	0.46%	Unchanged
78	T-MOBILE US INC COM TMUS	TMUS	72,000	$12.7m0.43%	0.43%	New
79	CISCO SYS INC COM CSCO	CSCO	261,900	$12.4m0.42%	0.42%	Reduced -97.5k	-97,500 -27.1%
80	3M CO COM MMM	MMM	120,600	$12.3m0.42%	0.42%	New
81	ULTA BEAUTY INC COM ULTA	ULTA	31,900	$12.3m0.42%	0.42%	Unchanged
82	PAYPAL HLDGS INC COM PYPL	PYPL	204,100	$11.8m0.40%	0.40%	New
83	PROCTER AND GAMBLE CO COM PG	PG	70,249	$11.6m0.40%	0.40%	Reduced -156.6k	-156,600 -69.0%
84	ENTERGY CORP NEW COM ETR	ETR	100,700	$10.8m0.37%	0.37%	New
85	DISNEY WALT CO COM DIS	DIS	107,800	$10.7m0.37%	0.37%	Reduced -11.1k	-11,100 -9.3%
86	MERCK & CO INC COM MRK	MRK	86,400	$10.7m0.36%	0.36%	Unchanged
87	CBRE GROUP INC CL A CBRE	CBRE	118,700	$10.6m0.36%	0.36%	Unchanged
88	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	67,100	$9.8m0.33%	0.33%	Reduced -151.4k	-151,400 -69.3%
89	COCA COLA CO COM KO	KO	144,000	$9.2m0.31%	0.31%	Unchanged
90	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	26,819	$8.1m0.28%	0.28%	Reduced -11.5k	-11,500 -30.0%
91	PEPSICO INC COM PEP	PEP	47,800	$7.9m0.27%	0.27%	Unchanged
92	AVERY DENNISON CORP COM AVY	AVY	32,600	$7.1m0.24%	0.24%	Added +6.7k	+6,700 25.9%
93	ORACLE CORP COM ORCL	ORCL	48,800	$6.9m0.24%	0.24%	Unchanged
94	SELECT SECTOR SPDR TR INDL XLI	XLI	55,600	$6.8m0.23%	0.23%	New
95	PPG INDS INC COM PPG	PPG	53,500	$6.7m0.23%	0.23%	Reduced -11.4k	-11,400 -17.6%
96	CONSTELLATION ENERGY CORP COM CEG	CEG	13,200	$2.6m0.09%	0.09%	New
97	VISTRA CORP COM VST	VST	15,200	$1.3m0.04%	0.04%	New

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
INGERSOLL RAND INC IR	IR	267,300	$25.4m267.3k shares
CBOE GLOBAL MKTS INC CBOE	CBOE	124,800	$22.9m124.8k shares
BLACKSTONE INC BX	BX	153,600	$20.2m153.6k shares
S&P GLOBAL INC SPGI	SPGI	39,600	$16.8m39.6k shares
METLIFE INC MET	MET	220,200	$16.3m220.2k shares
MONSTER BEVERAGE CORP NEW MNST	MNST	242,668	$14.4m242.7k shares
IDEXX LABS INC IDXX	IDXX	26,100	$14.1m26.1k shares
GENERAC HLDGS INC GNRC	GNRC	103,400	$13.0m103.4k shares
ATMOS ENERGY CORP ATO	ATO	97,300	$11.6m97.3k shares
SPDR S&P 500 ETF TR SPY	SPY	16,200	$8.5m16.2k shares
SELECT SECTOR SPDR TR XLU	XLU	110,000	$7.2m110.0k shares
BOEING CO BA	BA	34,777	$6.7m34.8k shares