ADAMS DIVERSIFIED EQUITY FUND, INC.

BALTIMORE, MD · CIK 2230 · 13F filing filed 2025-10-22

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)

Kindmutual funds, futures
Others nearbyBaltimore, MD, North Palm Beach, FL
FamilyADAMS DIVERSIFIED EQUITY FUND, INC. · 2 related pages

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Baltimore, MD (main office)United States	United States	about 7
Palm Beach Gardens, FLUnited States	United States	3

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$3.0bn reported value +6.4% vs Q2 2025

93positions

42.8%in top 10

14 new 18 added 21 reduced 18 sold out vs Q2 2025

Holdings, Q3 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	NVIDIA CORPORATION COM NVDA	NVDA	1,314,800	$245.3m8.26%	8.26%	Reduced -13.2k	-13,200 -1.0%
2	MICROSOFT CORP COM MSFT	MSFT	424,300	$219.8m7.40%	7.40%	Reduced -10.1k	-10,100 -2.3%
3	APPLE INC COM AAPL	AAPL	822,900	$209.5m7.06%	7.06%	Reduced -8.1k	-8,100 -1.0%
4	ALPHABET INC CAP STK CL A GOOGL	GOOGL	533,000	$129.6m4.36%	4.36%	Reduced -7.5k	-7,500 -1.4%
5	AMAZON COM INC COM AMZN	AMZN	522,700	$114.8m3.87%	3.87%	Unchanged
6	META PLATFORMS INC CL A META	META	123,500	$90.7m3.06%	3.06%	Reduced -2.0k	-2,000 -1.6%
7	BROADCOM INC COM AVGO	AVGO	265,200	$87.5m2.95%	2.95%	Reduced -2.0k	-2,000 -0.8%
8	JPMORGAN CHASE & CO COM JPM	JPM	203,863	$64.3m2.17%	2.17%	Reduced -34.2k	-34,200 -14.4%
9	TESLA INC COM TSLA	TSLA	121,800	$54.2m1.82%	1.82%	Unchanged
10	ADAM NAT RES FD INC COM PEO	PEO	2,516,002	$54.1m1.82%	1.82%	Added +59.8k	+59,821 2.4%
11	BANK AMERICA CORP COM BAC	BAC	918,868	$47.4m1.60%	1.60%	Reduced -12.0k	-12,000 -1.3%
12	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	93,043	$46.8m1.58%	1.58%	Reduced -2.4k	-2,400 -2.5%
13	GE AEROSPACE COM NEW GE	GE	150,200	$45.2m1.52%	1.52%	Reduced -10.5k	-10,500 -6.5%
14	ABBVIE INC COM ABBV	ABBV	187,700	$43.5m1.46%	1.46%	Unchanged
15	NETFLIX INC COM NFLX	NFLX	34,822	$41.7m1.41%	1.41%	Unchanged
16	VISA INC COM CL A V	V	116,861	$39.9m1.34%	1.34%	Unchanged
17	LAM RESEARCH CORP COM NEW LRCX	LRCX	278,000	$37.2m1.25%	1.25%	Reduced -5.9k	-5,900 -2.1%
18	WALMART INC COM WMT	WMT	353,243	$36.4m1.23%	1.23%	Unchanged
19	PHILIP MORRIS INTL INC COM PM	PM	214,935	$34.9m1.17%	1.17%	Added +26.6k	+26,600 14.1%
20	UBER TECHNOLOGIES INC COM UBER	UBER	349,700	$34.3m1.15%	1.15%	Added +40.4k	+40,400 13.1%
21	CAPITAL ONE FINL CORP COM COF	COF	157,670	$33.5m1.13%	1.13%	Unchanged
22	GOLDMAN SACHS GROUP INC COM GS	GS	42,000	$33.4m1.13%	1.13%	Reduced -7.8k	-7,800 -15.7%
23	MASTERCARD INCORPORATED CL A MA	MA	57,562	$32.7m1.10%	1.10%	Added +2.4k	+2,400 4.3%
24	HOME DEPOT INC COM HD	HD	80,700	$32.7m1.10%	1.10%	Added +42.8k	+42,800 112.9%
25	ELI LILLY & CO COM LLY	LLY	41,968	$32.0m1.08%	1.08%	Unchanged
26	ARISTA NETWORKS INC COM SHS ANET	ANET	208,664	$30.4m1.02%	1.02%	Reduced -5.0k	-5,000 -2.3%
27	BOOKING HOLDINGS INC COM BKNG	BKNG	5,600	$30.2m1.02%	1.02%	Unchanged
28	BOEING CO COM BA	BA	135,300	$29.2m0.98%	0.98%	Added +14.7k	+14,700 12.2%
29	CHEVRON CORP NEW COM CVX	CVX	178,327	$27.7m0.93%	0.93%	Added +44.8k	+44,827 33.6%
30	MERCK & CO INC COM MRK	MRK	308,800	$25.9m0.87%	0.87%	New
31	CISCO SYS INC COM CSCO	CSCO	374,800	$25.6m0.86%	0.86%	Unchanged
32	GE VERNOVA INC COM GEV	GEV	40,700	$25.0m0.84%	0.84%	Reduced -4.5k	-4,500 -10.0%
33	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	87,900	$24.8m0.84%	0.84%	Reduced -41.8k	-41,800 -32.2%
34	ORACLE CORP COM ORCL	ORCL	85,800	$24.1m0.81%	0.81%	Added +37.0k	+37,000 75.8%
35	CENCORA INC COM COR	COR	77,100	$24.1m0.81%	0.81%	Unchanged
36	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	217,500	$23.4m0.79%	0.79%	Reduced -30.0k	-30,000 -12.1%
37	T-MOBILE US INC COM TMUS	TMUS	96,900	$23.2m0.78%	0.78%	Unchanged
38	MCDONALDS CORP COM MCD	MCD	74,400	$22.6m0.76%	0.76%	Added +8.9k	+8,900 13.6%
39	PALO ALTO NETWORKS INC COM PANW	PANW	107,800	$22.0m0.74%	0.74%	Unchanged
40	PARKER-HANNIFIN CORP COM PH	PH	28,500	$21.6m0.73%	0.73%	Added +5.8k	+5,800 25.6%
41	PROGRESSIVE CORP COM PGR	PGR	86,000	$21.2m0.72%	0.72%	Added +10.4k	+10,400 13.8%
42	BOSTON SCIENTIFIC CORP COM BSX	BSX	213,700	$20.9m0.70%	0.70%	Unchanged
43	ADVANCED MICRO DEVICES INC COM AMD	AMD	128,000	$20.7m0.70%	0.70%	Unchanged
44	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	144,300	$20.1m0.68%	0.68%	Added +10.3k	+10,300 7.7%
45	ENTERGY CORP NEW COM ETR	ETR	212,900	$19.8m0.67%	0.67%	Reduced -6.6k	-6,600 -3.0%
46	MOODYS CORP COM MCO	MCO	41,500	$19.8m0.67%	0.67%	New
47	ECOLAB INC COM ECL	ECL	72,200	$19.8m0.67%	0.67%	Added +14.8k	+14,800 25.8%
48	AMERICAN INTL GROUP INC COM NEW AIG	AIG	248,200	$19.5m0.66%	0.66%	Added +38.7k	+38,700 18.5%
49	ANALOG DEVICES INC COM ADI	ADI	79,000	$19.4m0.65%	0.65%	Unchanged
50	LINCOLN ELEC HLDGS INC COM LECO	LECO	81,000	$19.1m0.64%	0.64%	New
51	JOHNSON & JOHNSON COM JNJ	JNJ	102,800	$19.1m0.64%	0.64%	Unchanged
52	JOHNSON CTLS INTL PLC SHS JCI	JCI	171,000	$18.8m0.63%	0.63%	New
53	DUKE ENERGY CORP NEW COM NEW DUK	DUK	150,000	$18.6m0.63%	0.63%	Unchanged
54	M & T BK CORP COM MTB	MTB	93,600	$18.5m0.62%	0.62%	New
55	MEDTRONIC PLC SHS MDT	MDT	192,900	$18.4m0.62%	0.62%	Unchanged
56	PROLOGIS INC. COM PLD	PLD	158,800	$18.2m0.61%	0.61%	New
57	UNITEDHEALTH GROUP INC COM UNH	UNH	50,800	$17.5m0.59%	0.59%	Unchanged
58	RTX CORPORATION COM RTX	RTX	103,500	$17.3m0.58%	0.58%	Unchanged
59	CARRIER GLOBAL CORPORATION COM CARR	CARR	277,200	$16.5m0.56%	0.56%	Unchanged
60	PRICE T ROWE GROUP INC COM TROW	TROW	154,800	$15.9m0.54%	0.54%	New
61	REPUBLIC SVCS INC COM RSG	RSG	68,500	$15.7m0.53%	0.53%	Unchanged
62	SYSCO CORP COM SYY	SYY	189,500	$15.6m0.53%	0.53%	Reduced -7.2k	-7,200 -3.7%
63	CBRE GROUP INC CL A CBRE	CBRE	98,200	$15.5m0.52%	0.52%	Unchanged
64	SNOWFLAKE INC CL A SNOW	SNOW	68,200	$15.4m0.52%	0.52%	New
65	EVERSOURCE ENERGY COM ES	ES	215,000	$15.3m0.52%	0.52%	Unchanged
66	BAKER HUGHES COMPANY CL A BKR	BKR	309,400	$15.1m0.51%	0.51%	Unchanged
67	CROWN HLDGS INC COM CCK	CCK	150,400	$14.5m0.49%	0.49%	Added +45.7k	+45,700 43.6%
68	VICI PPTYS INC COM VICI	VICI	421,600	$13.7m0.46%	0.46%	Unchanged
69	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	35,100	$13.7m0.46%	0.46%	Unchanged
70	SALESFORCE INC COM CRM	CRM	55,000	$13.0m0.44%	0.44%	Reduced -39.0k	-39,000 -41.5%
71	AUTODESK INC COM ADSK	ADSK	40,700	$12.9m0.44%	0.44%	Unchanged
72	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	42,100	$12.9m0.43%	0.43%	New
73	COSTCO WHSL CORP NEW COM COST	COST	13,700	$12.7m0.43%	0.43%	Unchanged
74	INSULET CORP COM PODD	PODD	40,700	$12.6m0.42%	0.42%	Unchanged
75	ATLASSIAN CORPORATION CL A TEAM	TEAM	76,300	$12.2m0.41%	0.41%	Added +13.8k	+13,800 22.1%
76	POST HLDGS INC COM POST	POST	111,000	$11.9m0.40%	0.40%	Reduced -5.4k	-5,400 -4.6%
77	THE CIGNA GROUP COM CI	CI	40,200	$11.6m0.39%	0.39%	Unchanged
78	AVALONBAY CMNTYS INC COM AVB	AVB	57,600	$11.1m0.37%	0.37%	Unchanged
79	TKO GROUP HOLDINGS INC CL A TKO	TKO	54,300	$11.0m0.37%	0.37%	Unchanged
80	PROCTER AND GAMBLE CO COM PG	PG	70,249	$10.8m0.36%	0.36%	Unchanged
81	AXON ENTERPRISE INC COM AXON	AXON	14,700	$10.5m0.36%	0.36%	New
82	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	56,900	$10.4m0.35%	0.35%	Added +17.6k	+17,600 44.8%
83	CONSTELLATION ENERGY CORP COM CEG	CEG	29,300	$9.6m0.32%	0.32%	Unchanged
84	CVS HEALTH CORP COM CVS	CVS	127,500	$9.6m0.32%	0.32%	New
85	COCA COLA CO COM KO	KO	144,000	$9.6m0.32%	0.32%	Unchanged
86	FREEPORT-MCMORAN INC CL B FCX	FCX	199,400	$7.8m0.26%	0.26%	Added +12.2k	+12,200 6.5%
87	VISTRA CORP COM VST	VST	37,400	$7.3m0.25%	0.25%	Unchanged
88	PULTE GROUP INC COM PHM	PHM	53,500	$7.1m0.24%	0.24%	New
89	PEPSICO INC COM PEP	PEP	47,800	$6.7m0.23%	0.23%	Unchanged
90	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	9,100	$6.4m0.21%	0.21%	Unchanged
91	COLGATE PALMOLIVE CO COM CL	CL	72,300	$5.8m0.19%	0.19%	Reduced -16.9k	-16,900 -18.9%
92	LAMB WESTON HLDGS INC COM LW	LW	92,900	$5.4m0.18%	0.18%	New
93	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	51,200	$4.6m0.15%	0.15%	New

Sold out since Q2 2025

Security	Ticker	Shares held before	Value then
CME GROUP INC CME	CME	87,100	$24.0m87.1k shares
DEERE & CO DE	DE	46,000	$23.4m46.0k shares
3M CO MMM	MMM	138,000	$21.0m138.0k shares
AMERICAN TOWER CORP NEW AMT	AMT	91,200	$20.2m91.2k shares
THERMO FISHER SCIENTIFIC INC TMO	TMO	40,300	$16.3m40.3k shares
KENVUE INC KVUE	KVUE	752,500	$15.7m752.5k shares
SHERWIN WILLIAMS CO SHW	SHW	42,300	$14.5m42.3k shares
TRANE TECHNOLOGIES PLC TT	TT	31,600	$13.8m31.6k shares
APOLLO GLOBAL MGMT INC APO	APO	92,300	$13.1m92.3k shares
DOMINOS PIZZA INC DPZ	DPZ	25,900	$11.7m25.9k shares
FISERV INC FISV	FISV	66,300	$11.4m66.3k shares
SKECHERS U S A INC SKX	SKX	181,100	$11.4m181.1k shares
REGENERON PHARMACEUTICALS REGN	REGN	19,700	$10.3m19.7k shares
PAYCOM SOFTWARE INC PAYC	PAYC	41,500	$9.6m41.5k shares
QUEST DIAGNOSTICS INC DGX	DGX	52,100	$9.4m52.1k shares
ACCENTURE PLC IRELAND ACN	ACN	24,619	$7.4m24.6k shares
SELECT SECTOR SPDR TR XLY	XLY	31,700	$6.9m31.7k shares
HESS CORP HES	HES	49,100	$6.8m49.1k shares