ADAMS DIVERSIFIED EQUITY FUND, INC.

BALTIMORE, MD · CIK 2230 · 13F filing filed 2024-10-25

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)

$2.7bn reported value -7.1% vs Q2 2024

100positions

39.7%in top 10

16 new 8 added 61 reduced 13 sold out vs Q2 2024

Holdings, Q3 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	APPLE INC COM AAPL	AAPL	904,200	$210.7m7.74%	7.74%	Reduced -105.9k	-105,900 -10.5%
2	MICROSOFT CORP COM MSFT	MSFT	469,900	$202.2m7.43%	7.43%	Reduced -55.3k	-55,300 -10.5%
3	NVIDIA CORPORATION COM NVDA	NVDA	1,425,000	$173.1m6.36%	6.36%	Reduced -186.0k	-186,000 -11.6%
4	AMAZON COM INC COM AMZN	AMZN	604,800	$112.7m4.14%	4.14%	Reduced -79.8k	-79,800 -11.7%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	578,600	$96.0m3.53%	3.53%	Reduced -131.0k	-131,000 -18.5%
6	META PLATFORMS INC CL A META	META	134,200	$76.8m2.82%	2.82%	Reduced -14.5k	-14,500 -9.8%
7	JPMORGAN CHASE & CO COM JPM	JPM	262,963	$55.4m2.04%	2.04%	Reduced -41.4k	-41,400 -13.6%
8	ADAM NAT RES FD INC COM PEO	PEO	2,238,679	$52.0m1.91%	1.91%	Added +51.9k	+51,905 2.4%
9	BROADCOM INC COM AVGO	AVGO	293,200	$50.6m1.86%	1.86%	Added +169.2k	+169,200 136.4%
10	ELI LILLY & CO COM LLY	LLY	56,468	$50.0m1.84%	1.84%	Reduced -7.1k	-7,100 -11.2%
11	ABBVIE INC COM ABBV	ABBV	199,000	$39.3m1.44%	1.44%	Reduced -23.2k	-23,200 -10.4%
12	VISA INC COM CL A V	V	139,761	$38.4m1.41%	1.41%	Reduced -55.4k	-55,400 -28.4%
13	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	82,643	$38.0m1.40%	1.40%	Unchanged
14	WALMART INC COM WMT	WMT	412,543	$33.3m1.22%	1.22%	Reduced -94.4k	-94,400 -18.6%
15	TESLA INC COM TSLA	TSLA	121,800	$31.9m1.17%	1.17%	Reduced -12.9k	-12,900 -9.6%
16	BANK AMERICA CORP COM BAC	BAC	750,768	$29.8m1.09%	1.09%	Reduced -354.6k	-354,600 -32.1%
17	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	48,100	$29.8m1.09%	1.09%	Reduced -4.6k	-4,600 -8.7%
18	THE CIGNA GROUP COM CI	CI	78,600	$27.2m1.00%	1.00%	Reduced -8.3k	-8,300 -9.6%
19	NETFLIX INC COM NFLX	NFLX	38,322	$27.2m1.00%	1.00%	Reduced -6.9k	-6,900 -15.3%
20	INTUIT COM INTU	INTU	43,200	$26.8m0.99%	0.99%	Reduced -4.4k	-4,400 -9.2%
21	NEXTERA ENERGY INC COM NEE	NEE	314,800	$26.6m0.98%	0.98%	Reduced -37.9k	-37,900 -10.8%
22	LAM RESEARCH CORP COM COM		32,200	$26.3m0.97%	0.97%	Reduced -5.3k	-5,300 -14.1%
23	LINDE PLC SHS LIN	LIN	55,100	$26.3m0.97%	0.97%	Reduced -6.3k	-6,300 -10.3%
24	BOOKING HOLDINGS INC COM BKNG	BKNG	6,200	$26.1m0.96%	0.96%	Reduced -800	-800 -11.4%
25	PHILIP MORRIS INTL INC COM PM	PM	213,335	$25.9m0.95%	0.95%	Reduced -66.7k	-66,700 -23.8%
26	MCDONALDS CORP COM MCD	MCD	82,100	$25.0m0.92%	0.92%	Reduced -11.3k	-11,300 -12.1%
27	RTX CORPORATION COM RTX	RTX	203,900	$24.7m0.91%	0.91%	Added +30.6k	+30,600 17.7%
28	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	109,000	$24.6m0.90%	0.90%	Added +34.6k	+34,600 46.5%
29	TRANSDIGM GROUP INC COM TDG	TDG	16,900	$24.1m0.89%	0.89%	Reduced -2.4k	-2,400 -12.4%
30	MORGAN STANLEY COM NEW MS	MS	231,069	$24.1m0.89%	0.89%	Reduced -27.6k	-27,600 -10.7%
31	LEIDOS HOLDINGS INC COM LDOS	LDOS	146,400	$23.9m0.88%	0.88%	Reduced -20.5k	-20,500 -12.3%
32	TRANE TECHNOLOGIES PLC SHS TT	TT	61,200	$23.8m0.87%	0.87%	Reduced -35.8k	-35,800 -36.9%
33	ARISTA NETWORKS INC COM COM		61,691	$23.7m0.87%	0.87%	Reduced -8.7k	-8,700 -12.4%
34	PNC FINL SVCS GROUP INC COM PNC	PNC	127,700	$23.6m0.87%	0.87%	Reduced -30.6k	-30,600 -19.3%
35	GENERAL DYNAMICS CORP COM GD	GD	77,200	$23.3m0.86%	0.86%	Reduced -10.3k	-10,300 -11.8%
36	UBER TECHNOLOGIES INC COM UBER	UBER	309,300	$23.2m0.85%	0.85%	Reduced -47.9k	-47,900 -13.4%
37	REGENERON PHARMACEUTICALS COM REGN	REGN	21,700	$22.8m0.84%	0.84%	Reduced -10.6k	-10,600 -32.8%
38	ANALOG DEVICES INC COM ADI	ADI	98,100	$22.6m0.83%	0.83%	Reduced -13.9k	-13,900 -12.4%
39	PARKER-HANNIFIN CORP COM PH	PH	35,300	$22.3m0.82%	0.82%	Added +7.5k	+7,500 27.0%
40	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	18,500	$21.3m0.78%	0.78%	Reduced -4.3k	-4,300 -18.9%
41	HUBBELL INC COM HUBB	HUBB	47,400	$20.3m0.75%	0.75%	Reduced -8.0k	-8,000 -14.4%
42	DANAHER CORPORATION COM DHR	DHR	72,900	$20.3m0.74%	0.74%	Unchanged
43	COLGATE PALMOLIVE CO COM CL	CL	195,000	$20.2m0.74%	0.74%	Reduced -77.6k	-77,600 -28.5%
44	MARSH & MCLENNAN COS INC COM MRSH	MRSH	89,200	$19.9m0.73%	0.73%	Reduced -7.0k	-7,000 -7.3%
45	REPUBLIC SVCS INC COM RSG	RSG	99,000	$19.9m0.73%	0.73%	Reduced -33.5k	-33,500 -25.3%
46	ALLSTATE CORP COM ALL	ALL	104,500	$19.8m0.73%	0.73%	Unchanged
47	AMERICAN INTL GROUP INC COM NEW AIG	AIG	264,600	$19.4m0.71%	0.71%	Reduced -102.4k	-102,400 -27.9%
48	UNITEDHEALTH GROUP INC COM UNH	UNH	32,400	$18.9m0.70%	0.70%	Reduced -2.5k	-2,500 -7.2%
49	VERIZON COMMUNICATIONS INC COM VZ	VZ	411,400	$18.5m0.68%	0.68%	Reduced -104.1k	-104,100 -20.2%
50	UNION PAC CORP COM UNP	UNP	74,800	$18.4m0.68%	0.68%	Reduced -12.4k	-12,400 -14.2%
51	MICRON TECHNOLOGY INC COM MU	MU	177,300	$18.4m0.68%	0.68%	Reduced -13.3k	-13,300 -7.0%
52	S&P GLOBAL INC COM SPGI	SPGI	34,700	$17.9m0.66%	0.66%	New
53	BOSTON SCIENTIFIC CORP COM BSX	BSX	213,700	$17.9m0.66%	0.66%	New
54	PUBLIC STORAGE COM PSA	PSA	48,400	$17.6m0.65%	0.65%	Reduced -10.0k	-10,000 -17.1%
55	T-MOBILE US INC COM TMUS	TMUS	84,500	$17.4m0.64%	0.64%	Added +12.5k	+12,500 17.4%
56	SYSCO CORP COM SYY	SYY	222,100	$17.3m0.64%	0.64%	Reduced -17.8k	-17,800 -7.4%
57	TARGET CORP COM TGT	TGT	110,600	$17.2m0.63%	0.63%	Reduced -9.7k	-9,700 -8.1%
58	FREEPORT-MCMORAN INC CL B FCX	FCX	339,400	$16.9m0.62%	0.62%	Reduced -64.7k	-64,700 -16.0%
59	SKECHERS U S A INC CL A SKX	SKX	250,900	$16.8m0.62%	0.62%	New
60	AMERICAN TOWER CORP NEW COM AMT	AMT	71,000	$16.5m0.61%	0.61%	New
61	3M CO COM MMM	MMM	120,600	$16.5m0.61%	0.61%	Unchanged
62	PROLOGIS INC. COM PLD	PLD	129,600	$16.4m0.60%	0.60%	Reduced -11.4k	-11,400 -8.1%
63	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	35,100	$16.3m0.60%	0.60%	New
64	DTE ENERGY CO COM DTE	DTE	124,700	$16.0m0.59%	0.59%	Reduced -12.7k	-12,700 -9.2%
65	PAYPAL HLDGS INC COM PYPL	PYPL	204,100	$15.9m0.59%	0.59%	Unchanged
66	SALESFORCE INC COM CRM	CRM	57,400	$15.7m0.58%	0.58%	Reduced -5.4k	-5,400 -8.6%
67	DIAMONDBACK ENERGY INC COM FANG	FANG	90,600	$15.6m0.57%	0.57%	Unchanged
68	CENCORA INC COM COR	COR	69,200	$15.6m0.57%	0.57%	Reduced -71.3k	-71,300 -50.8%
69	ZOETIS INC CL A ZTS	ZTS	79,400	$15.5m0.57%	0.57%	Reduced -39.6k	-39,600 -33.3%
70	HOME DEPOT INC COM HD	HD	37,900	$15.4m0.56%	0.56%	Reduced -3.6k	-3,600 -8.7%
71	MASTERCARD INCORPORATED CL A MA	MA	30,562	$15.1m0.55%	0.55%	Unchanged
72	JOHNSON & JOHNSON COM JNJ	JNJ	92,100	$14.9m0.55%	0.55%	Reduced -9.1k	-9,100 -9.0%
73	POST HLDGS INC COM POST	POST	125,100	$14.5m0.53%	0.53%	New
74	M & T BK CORP COM MTB	MTB	79,400	$14.1m0.52%	0.52%	New
75	CARRIER GLOBAL CORPORATION COM CARR	CARR	174,500	$14.0m0.52%	0.52%	New
76	ADOBE INC COM ADBE	ADBE	26,600	$13.8m0.51%	0.51%	Reduced -2.6k	-2,600 -8.9%
77	ENTERGY CORP NEW COM ETR	ETR	100,700	$13.3m0.49%	0.49%	Unchanged
78	CBRE GROUP INC CL A CBRE	CBRE	104,700	$13.0m0.48%	0.48%	Reduced -14.0k	-14,000 -11.8%
79	HCA HEALTHCARE INC COM HCA	HCA	30,500	$12.4m0.46%	0.46%	New
80	CISCO SYS INC COM CSCO	CSCO	232,800	$12.4m0.46%	0.46%	Reduced -29.1k	-29,100 -11.1%
81	PROCTER AND GAMBLE CO COM PG	PG	70,249	$12.2m0.45%	0.45%	Unchanged
82	CHEVRON CORP NEW COM CVX	CVX	79,900	$11.8m0.43%	0.43%	Reduced -9.6k	-9,600 -10.7%
83	OMNICOM GROUP INC COM OMC	OMC	106,600	$11.0m0.40%	0.40%	New
84	MSCI INC COM MSCI	MSCI	18,600	$10.8m0.40%	0.40%	New
85	ULTA BEAUTY INC COM ULTA	ULTA	27,400	$10.7m0.39%	0.39%	Reduced -4.5k	-4,500 -14.1%
86	TEXAS INSTRS INC COM TXN	TXN	51,600	$10.7m0.39%	0.39%	New
87	COCA COLA CO COM KO	KO	144,000	$10.3m0.38%	0.38%	Unchanged
88	MERCK & CO INC COM MRK	MRK	86,400	$9.8m0.36%	0.36%	Unchanged
89	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	26,819	$9.5m0.35%	0.35%	Unchanged
90	COSTCO WHSL CORP NEW COM COST	COST	9,800	$8.7m0.32%	0.32%	New
91	ORACLE CORP COM ORCL	ORCL	48,800	$8.3m0.31%	0.31%	Unchanged
92	BAKER HUGHES COMPANY CL A BKR	BKR	229,900	$8.3m0.31%	0.31%	New
93	PEPSICO INC COM PEP	PEP	47,800	$8.1m0.30%	0.30%	Unchanged
94	INTERNATIONAL FLAVORS&FRAGRA COM IFF	IFF	67,700	$7.1m0.26%	0.26%	New
95	PPG INDS INC COM PPG	PPG	53,500	$7.1m0.26%	0.26%	Unchanged
96	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	45,800	$7.1m0.26%	0.26%	Reduced -21.3k	-21,300 -31.7%
97	CONSTELLATION ENERGY CORP COM CEG	CEG	23,000	$6.0m0.22%	0.22%	Added +9.8k	+9,800 74.2%
98	SELECT SECTOR SPDR TR ENERGY XLE	XLE	59,300	$5.2m0.19%	0.19%	New
99	HESS CORP COM HES	HES	30,800	$4.2m0.15%	0.15%	Reduced -61.8k	-61,800 -66.7%
100	VISTRA CORP COM VST	VST	27,200	$3.2m0.12%	0.12%	Added +12.0k	+12,000 79.0%

Sold out since Q2 2024

Security	Ticker	Shares held before	Value then
ADVANCED MICRO DEVICES INC AMD	AMD	233,800	$37.9m233.8k shares
SYNOPSYS INC SNPS	SNPS	50,100	$29.8m50.1k shares
SCHWAB CHARLES CORP SCHW	SCHW	310,700	$22.9m310.7k shares
EDWARDS LIFESCIENCES CORP EW	EW	228,100	$21.1m228.1k shares
MARATHON PETE CORP MPC	MPC	99,837	$17.3m99.8k shares
NIKE INC NKE	NKE	211,100	$15.9m211.1k shares
SELECT SECTOR SPDR TR XLP	XLP	194,300	$14.9m194.3k shares
EQUINIX INC EQIX	EQIX	19,500	$14.8m19.5k shares
DEXCOM INC DXCM	DXCM	128,057	$14.5m128.1k shares
PENTAIR PLC PNR	PNR	180,800	$13.9m180.8k shares
DISNEY WALT CO DIS	DIS	107,800	$10.7m107.8k shares
AVERY DENNISON CORP AVY	AVY	32,600	$7.1m32.6k shares
SELECT SECTOR SPDR TR XLI	XLI	55,600	$6.8m55.6k shares