ADAMS DIVERSIFIED EQUITY FUND, INC.

BALTIMORE, MD · CIK 2230 · 13F filing filed 2025-07-30

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 Q1 2025

97positions

40.9%in top 10

15 new 10 added 18 reduced 15 sold out vs Q1 2025

Holdings, Q2 2025

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	434,400	$216.1m7.75%	7.75%	Reduced -6.1k	-6,100 -1.4%
2	NVIDIA CORPORATION COM NVDA	NVDA	1,328,000	$209.8m7.52%	7.52%	Unchanged
3	APPLE INC COM AAPL	AAPL	831,000	$170.5m6.11%	6.11%	Reduced -12.4k	-12,400 -1.5%
4	AMAZON COM INC COM AMZN	AMZN	522,700	$114.7m4.11%	4.11%	Reduced -48.3k	-48,300 -8.5%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	540,500	$95.3m3.41%	3.41%	Reduced -7.4k	-7,400 -1.4%
6	META PLATFORMS INC CL A META	META	125,500	$92.6m3.32%	3.32%	Reduced -2.5k	-2,500 -1.9%
7	BROADCOM INC COM AVGO	AVGO	267,200	$73.7m2.64%	2.64%	Unchanged
8	JPMORGAN CHASE & CO COM JPM	JPM	238,063	$69.0m2.47%	2.47%	Unchanged
9	ADAM NAT RES FD INC COM PEO	PEO	2,456,181	$52.5m1.88%	1.88%	Added +59.9k	+59,934 2.5%
10	NETFLIX INC COM NFLX	NFLX	34,822	$46.6m1.67%	1.67%	Reduced -3.5k	-3,500 -9.1%
11	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	95,443	$46.4m1.66%	1.66%	Added +15.1k	+15,100 18.8%
12	BANK AMERICA CORP COM BAC	BAC	930,868	$44.0m1.58%	1.58%	Added +82.6k	+82,600 9.7%
13	VISA INC COM CL A V	V	116,861	$41.5m1.49%	1.49%	Reduced -22.9k	-22,900 -16.4%
14	GE AEROSPACE COM NEW GE	GE	160,700	$41.4m1.48%	1.48%	Added +39.6k	+39,600 32.7%
15	TESLA INC COM TSLA	TSLA	121,800	$38.7m1.39%	1.39%	Unchanged
16	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	129,700	$38.2m1.37%	1.37%	Unchanged
17	GOLDMAN SACHS GROUP INC COM GS	GS	49,800	$35.2m1.26%	1.26%	Unchanged
18	ABBVIE INC COM ABBV	ABBV	187,700	$34.8m1.25%	1.25%	Unchanged
19	WALMART INC COM WMT	WMT	353,243	$34.5m1.24%	1.24%	Reduced -7.1k	-7,100 -2.0%
20	PHILIP MORRIS INTL INC COM PM	PM	188,335	$34.3m1.23%	1.23%	Reduced -15.4k	-15,400 -7.6%
21	CAPITAL ONE FINL CORP COM COF	COF	157,670	$33.5m1.20%	1.20%	New
22	ELI LILLY & CO COM LLY	LLY	41,968	$32.7m1.17%	1.17%	Unchanged
23	BOOKING HOLDINGS INC COM BKNG	BKNG	5,600	$32.4m1.16%	1.16%	Reduced -300	-300 -5.1%
24	MASTERCARD INCORPORATED CL A MA	MA	55,162	$31.0m1.11%	1.11%	Unchanged
25	UBER TECHNOLOGIES INC COM UBER	UBER	309,300	$28.9m1.03%	1.03%	Unchanged
26	LAM RESEARCH CORP COM NEW LRCX	LRCX	283,900	$27.6m0.99%	0.99%	Unchanged
27	CISCO SYS INC COM CSCO	CSCO	374,800	$26.0m0.93%	0.93%	Unchanged
28	SALESFORCE INC COM CRM	CRM	94,000	$25.6m0.92%	0.92%	Unchanged
29	BOEING CO COM BA	BA	120,600	$25.3m0.91%	0.91%	New
30	CME GROUP INC COM CME	CME	87,100	$24.0m0.86%	0.86%	Unchanged
31	GE VERNOVA INC COM GEV	GEV	45,200	$23.9m0.86%	0.86%	New
32	DEERE & CO COM DE	DE	46,000	$23.4m0.84%	0.84%	Added +5.5k	+5,500 13.6%
33	CENCORA INC COM COR	COR	77,100	$23.1m0.83%	0.83%	Reduced -3.9k	-3,900 -4.8%
34	T-MOBILE US INC COM TMUS	TMUS	96,900	$23.1m0.83%	0.83%	Unchanged
35	BOSTON SCIENTIFIC CORP COM BSX	BSX	213,700	$23.0m0.82%	0.82%	Unchanged
36	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	247,500	$22.3m0.80%	0.80%	Reduced -13.5k	-13,500 -5.2%
37	PALO ALTO NETWORKS INC COM PANW	PANW	107,800	$22.1m0.79%	0.79%	Unchanged
38	ARISTA NETWORKS INC COM SHS ANET	ANET	213,664	$21.9m0.78%	0.78%	Unchanged
39	3M CO COM MMM	MMM	138,000	$21.0m0.75%	0.75%	New
40	CARRIER GLOBAL CORPORATION COM CARR	CARR	277,200	$20.3m0.73%	0.73%	Unchanged
41	PROGRESSIVE CORP COM PGR	PGR	75,600	$20.2m0.72%	0.72%	New
42	AMERICAN TOWER CORP NEW COM AMT	AMT	91,200	$20.2m0.72%	0.72%	Unchanged
43	MCDONALDS CORP COM MCD	MCD	65,500	$19.1m0.69%	0.69%	Unchanged
44	CHEVRON CORP NEW COM CVX	CVX	133,500	$19.1m0.69%	0.69%	Reduced -4.4k	-4,400 -3.2%
45	ANALOG DEVICES INC COM ADI	ADI	79,000	$18.8m0.67%	0.67%	Unchanged
46	ENTERGY CORP NEW COM ETR	ETR	219,500	$18.2m0.65%	0.65%	Added +91.5k	+91,500 71.5%
47	ADVANCED MICRO DEVICES INC COM AMD	AMD	128,000	$18.2m0.65%	0.65%	New
48	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	134,000	$18.1m0.65%	0.65%	Added +29.4k	+29,400 28.1%
49	AMERICAN INTL GROUP INC COM NEW AIG	AIG	209,500	$17.9m0.64%	0.64%	Unchanged
50	DUKE ENERGY CORP NEW COM NEW DUK	DUK	150,000	$17.7m0.63%	0.63%	New
51	REPUBLIC SVCS INC COM RSG	RSG	68,500	$16.9m0.61%	0.61%	New
52	MEDTRONIC PLC SHS MDT	MDT	192,900	$16.8m0.60%	0.60%	Unchanged
53	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	40,300	$16.3m0.59%	0.59%	Unchanged
54	PARKER-HANNIFIN CORP COM PH	PH	22,700	$15.9m0.57%	0.57%	Reduced -14.6k	-14,600 -39.1%
55	UNITEDHEALTH GROUP INC COM UNH	UNH	50,800	$15.8m0.57%	0.57%	Unchanged
56	KENVUE INC COM KVUE	KVUE	752,500	$15.7m0.56%	0.56%	Unchanged
57	JOHNSON & JOHNSON COM JNJ	JNJ	102,800	$15.7m0.56%	0.56%	Unchanged
58	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	35,100	$15.6m0.56%	0.56%	Unchanged
59	ECOLAB INC COM ECL	ECL	57,400	$15.5m0.55%	0.55%	Unchanged
60	RTX CORPORATION COM RTX	RTX	103,500	$15.1m0.54%	0.54%	Reduced -32.7k	-32,700 -24.0%
61	SYSCO CORP COM SYY	SYY	196,700	$14.9m0.53%	0.53%	Unchanged
62	SHERWIN WILLIAMS CO COM SHW	SHW	42,300	$14.5m0.52%	0.52%	Unchanged
63	HOME DEPOT INC COM HD	HD	37,900	$13.9m0.50%	0.50%	Unchanged
64	TRANE TECHNOLOGIES PLC SHS TT	TT	31,600	$13.8m0.50%	0.50%	Reduced -22.3k	-22,300 -41.4%
65	CBRE GROUP INC CL A CBRE	CBRE	98,200	$13.8m0.49%	0.49%	Unchanged
66	VICI PPTYS INC COM VICI	VICI	421,600	$13.7m0.49%	0.49%	Added +83.4k	+83,400 24.7%
67	EVERSOURCE ENERGY COM ES	ES	215,000	$13.7m0.49%	0.49%	New
68	COSTCO WHSL CORP NEW COM COST	COST	13,700	$13.6m0.49%	0.49%	Unchanged
69	THE CIGNA GROUP COM CI	CI	40,200	$13.3m0.48%	0.48%	Unchanged
70	APOLLO GLOBAL MGMT INC COM APO	APO	92,300	$13.1m0.47%	0.47%	New
71	INSULET CORP COM PODD	PODD	40,700	$12.8m0.46%	0.46%	Unchanged
72	ATLASSIAN CORPORATION CL A TEAM	TEAM	62,500	$12.7m0.46%	0.46%	Unchanged
73	POST HLDGS INC COM POST	POST	116,400	$12.7m0.45%	0.45%	Reduced -4.5k	-4,500 -3.7%
74	AUTODESK INC COM ADSK	ADSK	40,700	$12.6m0.45%	0.45%	Unchanged
75	BAKER HUGHES COMPANY CL A BKR	BKR	309,400	$11.9m0.43%	0.43%	Reduced -15.4k	-15,400 -4.7%
76	AVALONBAY CMNTYS INC COM AVB	AVB	57,600	$11.7m0.42%	0.42%	Unchanged
77	DOMINOS PIZZA INC COM DPZ	DPZ	25,900	$11.7m0.42%	0.42%	Unchanged
78	FISERV INC COM FISV	FISV	66,300	$11.4m0.41%	0.41%	New
79	SKECHERS U S A INC CL A SKX	SKX	181,100	$11.4m0.41%	0.41%	Unchanged
80	PROCTER AND GAMBLE CO COM PG	PG	70,249	$11.2m0.40%	0.40%	Unchanged
81	CROWN HLDGS INC COM CCK	CCK	104,700	$10.8m0.39%	0.39%	Unchanged
82	ORACLE CORP COM ORCL	ORCL	48,800	$10.7m0.38%	0.38%	Unchanged
83	REGENERON PHARMACEUTICALS COM REGN	REGN	19,700	$10.3m0.37%	0.37%	Unchanged
84	COCA COLA CO COM KO	KO	144,000	$10.2m0.37%	0.37%	Unchanged
85	TKO GROUP HOLDINGS INC CL A TKO	TKO	54,300	$9.9m0.35%	0.35%	New
86	PAYCOM SOFTWARE INC COM PAYC	PAYC	41,500	$9.6m0.34%	0.34%	New
87	CONSTELLATION ENERGY CORP COM CEG	CEG	29,300	$9.5m0.34%	0.34%	Added +4.4k	+4,400 17.7%
88	QUEST DIAGNOSTICS INC COM DGX	DGX	52,100	$9.4m0.34%	0.34%	Unchanged
89	FREEPORT-MCMORAN INC CL B FCX	FCX	187,200	$8.1m0.29%	0.29%	Unchanged
90	COLGATE PALMOLIVE CO COM CL	CL	89,200	$8.1m0.29%	0.29%	Unchanged
91	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	24,619	$7.4m0.26%	0.26%	Unchanged
92	VISTRA CORP COM VST	VST	37,400	$7.2m0.26%	0.26%	Added +9.0k	+9,000 31.7%
93	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	9,100	$7.0m0.25%	0.25%	New
94	SELECT SECTOR SPDR TR SBI CONS DISCR XLY	XLY	31,700	$6.9m0.25%	0.25%	New
95	HESS CORP COM HES	HES	49,100	$6.8m0.24%	0.24%	Unchanged
96	PEPSICO INC COM PEP	PEP	47,800	$6.3m0.23%	0.23%	Unchanged
97	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	39,300	$5.4m0.19%	0.19%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
AUTOMATIC DATA PROCESSING IN ADP	ADP	88,000	$26.9m88.0k shares
S&P GLOBAL INC SPGI	SPGI	51,000	$25.9m51.0k shares
ALLSTATE CORP ALL	ALL	101,600	$21.0m101.6k shares
DISCOVER FINL SVCS DFS	DFS	118,400	$20.2m118.4k shares
NEXTERA ENERGY INC NEE	NEE	258,300	$18.3m258.3k shares
WEC ENERGY GROUP INC WEC	WEC	161,600	$17.6m161.6k shares
FORTIVE CORP FTV	FTV	239,700	$17.5m239.7k shares
GRAINGER W W INC GWW	GWW	14,600	$14.4m14.6k shares
KNIGHT-SWIFT TRANSN HLDGS IN KNX	KNX	241,400	$10.5m241.4k shares
PNC FINL SVCS GROUP INC PNC	PNC	56,200	$9.9m56.2k shares
MICRON TECHNOLOGY INC MU	MU	112,300	$9.8m112.3k shares
DISNEY WALT CO DIS	DIS	98,100	$9.7m98.1k shares
HCA HEALTHCARE INC HCA	HCA	24,800	$8.6m24.8k shares
SELECT SECTOR SPDR TR XLU	XLU	70,400	$5.6m70.4k shares
VERTIV HOLDINGS CO VRT	VRT	66,200	$4.8m66.2k shares