ADAMS DIVERSIFIED EQUITY FUND, INC.

BALTIMORE, MD · CIK 2230 · 13F filing filed 2026-02-13

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)

$3.0bn reported value +1.3% vs Q3 2025

89positions

43.2%in top 10

12 new 20 added 26 reduced 16 sold out vs Q3 2025

Holdings, Q4 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	1,278,600	$238.5m7.93%	7.93%	Reduced -36.2k	-36,200 -2.8%
2	APPLE INC COM AAPL	AAPL	816,400	$221.9m7.38%	7.38%	Reduced -6.5k	-6,500 -0.8%
3	MICROSOFT CORP COM MSFT	MSFT	412,100	$199.3m6.63%	6.63%	Reduced -12.2k	-12,200 -2.9%
4	ALPHABET INC CAP STK CL A GOOGL	GOOGL	535,500	$167.6m5.57%	5.57%	Added +2.5k	+2,500 0.5%
5	AMAZON COM INC COM AMZN	AMZN	549,500	$126.8m4.22%	4.22%	Added +26.8k	+26,800 5.1%
6	BROADCOM INC COM AVGO	AVGO	265,200	$91.8m3.05%	3.05%	Unchanged
7	META PLATFORMS INC CL A META	META	114,600	$75.6m2.52%	2.52%	Reduced -8.9k	-8,900 -7.2%
8	JPMORGAN CHASE & CO COM JPM	JPM	206,863	$66.7m2.22%	2.22%	Added +3.0k	+3,000 1.5%
9	ADAM NAT RES FD INC COM PEO	PEO	2,572,684	$55.9m1.86%	1.86%	Added +56.7k	+56,682 2.2%
10	ELI LILLY & CO COM LLY	LLY	51,368	$55.2m1.84%	1.84%	Added +9.4k	+9,400 22.4%
11	TESLA INC COM TSLA	TSLA	121,800	$54.8m1.82%	1.82%	Unchanged
12	BANK AMERICA CORP COM BAC	BAC	895,968	$49.3m1.64%	1.64%	Reduced -22.9k	-22,900 -2.5%
13	LAM RESEARCH CORP COM NEW LRCX	LRCX	271,700	$46.5m1.55%	1.55%	Reduced -6.3k	-6,300 -2.3%
14	GE AEROSPACE COM NEW GE	GE	145,000	$44.7m1.49%	1.49%	Reduced -5.2k	-5,200 -3.5%
15	ABBVIE INC COM ABBV	ABBV	187,700	$42.9m1.43%	1.43%	Unchanged
16	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	83,843	$42.1m1.40%	1.40%	Reduced -9.2k	-9,200 -9.9%
17	VISA INC COM CL A V	V	113,261	$39.7m1.32%	1.32%	Reduced -3.6k	-3,600 -3.1%
18	WALMART INC COM WMT	WMT	347,643	$38.7m1.29%	1.29%	Reduced -5.6k	-5,600 -1.6%
19	CAPITAL ONE FINL CORP COM COF	COF	157,670	$38.2m1.27%	1.27%	Unchanged
20	GOLDMAN SACHS GROUP INC COM GS	GS	42,000	$36.9m1.23%	1.23%	Unchanged
21	PHILIP MORRIS INTL INC COM PM	PM	205,435	$33.0m1.10%	1.10%	Reduced -9.5k	-9,500 -4.4%
22	MERCK & CO INC COM MRK	MRK	308,800	$32.5m1.08%	1.08%	Unchanged
23	GE VERNOVA INC COM GEV	GEV	45,900	$30.0m1.00%	1.00%	Added +5.2k	+5,200 12.8%
24	BOOKING HOLDINGS INC COM BKNG	BKNG	5,500	$29.5m0.98%	0.98%	Reduced -100	-100 -1.8%
25	CISCO SYS INC COM CSCO	CSCO	374,800	$28.9m0.96%	0.96%	Unchanged
26	UBER TECHNOLOGIES INC COM UBER	UBER	342,600	$28.0m0.93%	0.93%	Reduced -7.1k	-7,100 -2.0%
27	CVS HEALTH CORP COM CVS	CVS	351,300	$27.9m0.93%	0.93%	Added +223.8k	+223,800 175.5%
28	ADVANCED MICRO DEVICES INC COM AMD	AMD	128,000	$27.4m0.91%	0.91%	Unchanged
29	HOME DEPOT INC COM HD	HD	79,000	$27.2m0.90%	0.90%	Reduced -1.7k	-1,700 -2.1%
30	ARISTA NETWORKS INC COM SHS ANET	ANET	203,564	$26.7m0.89%	0.89%	Reduced -5.1k	-5,100 -2.4%
31	MASTERCARD INCORPORATED CL A MA	MA	46,162	$26.4m0.88%	0.88%	Reduced -11.4k	-11,400 -19.8%
32	CENCORA INC COM COR	COR	77,100	$26.0m0.87%	0.87%	Unchanged
33	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	87,900	$26.0m0.87%	0.87%	Unchanged
34	CHEVRON CORP NEW COM CVX	CVX	170,527	$26.0m0.86%	0.86%	Reduced -7.8k	-7,800 -4.4%
35	PARKER-HANNIFIN CORP COM PH	PH	28,600	$25.1m0.84%	0.84%	Added +100	+100 0.3%
36	LINCOLN ELEC HLDGS INC COM LECO	LECO	99,700	$23.9m0.79%	0.79%	Added +18.7k	+18,700 23.1%
37	JOHNSON CTLS INTL PLC SHS JCI	JCI	199,000	$23.8m0.79%	0.79%	Added +28.0k	+28,000 16.4%
38	SCHWAB CHARLES CORP COM SCHW	SCHW	237,000	$23.7m0.79%	0.79%	New
39	MCDONALDS CORP COM MCD	MCD	74,400	$22.7m0.76%	0.76%	Unchanged
40	AMERICAN INTL GROUP INC COM NEW AIG	AIG	255,000	$21.8m0.73%	0.73%	Added +6.8k	+6,800 2.7%
41	MOODYS CORP COM MCO	MCO	42,600	$21.8m0.72%	0.72%	Added +1.1k	+1,100 2.6%
42	GILEAD SCIENCES INC COM GILD	GILD	177,100	$21.7m0.72%	0.72%	New
43	ANALOG DEVICES INC COM ADI	ADI	79,000	$21.4m0.71%	0.71%	Unchanged
44	PALO ALTO NETWORKS INC COM PANW	PANW	116,200	$21.4m0.71%	0.71%	Added +8.4k	+8,400 7.8%
45	JOHNSON & JOHNSON COM JNJ	JNJ	102,800	$21.3m0.71%	0.71%	Unchanged
46	NETFLIX INC COM NFLX	NFLX	221,220	$20.7m0.69%	0.69%	Reduced -127.0k	-127,000 -36.5%
47	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	133,200	$20.6m0.69%	0.69%	Reduced -11.1k	-11,100 -7.7%
48	T-MOBILE US INC COM TMUS	TMUS	100,300	$20.4m0.68%	0.68%	Added +3.4k	+3,400 3.5%
49	PROLOGIS INC. COM PLD	PLD	158,800	$20.3m0.67%	0.67%	Unchanged
50	M & T BK CORP COM MTB	MTB	97,600	$19.7m0.65%	0.65%	Added +4.0k	+4,000 4.3%
51	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	211,600	$19.3m0.64%	0.64%	Reduced -5.9k	-5,900 -2.7%
52	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	65,400	$19.2m0.64%	0.64%	Added +23.3k	+23,300 55.3%
53	ENTERGY CORP NEW COM ETR	ETR	206,600	$19.1m0.64%	0.64%	Reduced -6.3k	-6,300 -3.0%
54	ROCKWELL AUTOMATION INC COM ROK	ROK	48,900	$19.0m0.63%	0.63%	New
55	ECOLAB INC COM ECL	ECL	72,200	$19.0m0.63%	0.63%	Unchanged
56	FEDEX CORP COM FDX	FDX	65,500	$18.9m0.63%	0.63%	New
57	MEDTRONIC PLC SHS MDT	MDT	192,900	$18.5m0.62%	0.62%	Unchanged
58	TKO GROUP HOLDINGS INC CL A TKO	TKO	88,500	$18.5m0.62%	0.62%	Added +34.2k	+34,200 63.0%
59	DOLLAR GEN CORP NEW COM DG	DG	138,400	$18.4m0.61%	0.61%	New
60	DUKE ENERGY CORP NEW COM NEW DUK	DUK	150,000	$17.6m0.58%	0.58%	Unchanged
61	SALESFORCE INC COM CRM	CRM	65,700	$17.4m0.58%	0.58%	Added +10.7k	+10,700 19.4%
62	EMCOR GROUP INC COM EME	EME	28,000	$17.1m0.57%	0.57%	New
63	UNITEDHEALTH GROUP INC COM UNH	UNH	50,800	$16.8m0.56%	0.56%	Unchanged
64	ORACLE CORP COM ORCL	ORCL	84,700	$16.5m0.55%	0.55%	Reduced -1.1k	-1,100 -1.3%
65	PRICE T ROWE GROUP INC COM TROW	TROW	154,800	$15.8m0.53%	0.53%	Unchanged
66	FREEPORT-MCMORAN INC CL B FCX	FCX	301,700	$15.3m0.51%	0.51%	Added +102.3k	+102,300 51.3%
67	CBRE GROUP INC CL A CBRE	CBRE	94,400	$15.2m0.50%	0.50%	Reduced -3.8k	-3,800 -3.9%
68	SNOWFLAKE INC CL A SNOW	SNOW	68,200	$15.0m0.50%	0.50%	Unchanged
69	CROWN HLDGS INC COM CCK	CCK	144,400	$14.9m0.49%	0.49%	Reduced -6.0k	-6,000 -4.0%
70	REPUBLIC SVCS INC COM RSG	RSG	68,500	$14.5m0.48%	0.48%	Unchanged
71	BAKER HUGHES COMPANY CL A BKR	BKR	309,400	$14.1m0.47%	0.47%	Unchanged
72	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	53,200	$13.6m0.45%	0.45%	New
73	NEXTERA ENERGY INC COM NEE	NEE	163,300	$13.1m0.44%	0.44%	New
74	AUTODESK INC COM ADSK	ADSK	40,700	$12.0m0.40%	0.40%	Unchanged
75	VICI PPTYS INC COM VICI	VICI	421,600	$11.9m0.39%	0.39%	Unchanged
76	COSTCO WHSL CORP NEW COM COST	COST	13,700	$11.8m0.39%	0.39%	Unchanged
77	AVALONBAY CMNTYS INC COM AVB	AVB	57,600	$10.4m0.35%	0.35%	Unchanged
78	POST HLDGS INC COM POST	POST	105,300	$10.4m0.35%	0.35%	Reduced -5.7k	-5,700 -5.1%
79	CONSTELLATION ENERGY CORP COM CEG	CEG	29,300	$10.4m0.34%	0.34%	Unchanged
80	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	56,900	$10.1m0.34%	0.34%	Unchanged
81	PROCTER AND GAMBLE CO COM PG	PG	70,249	$10.1m0.33%	0.33%	Unchanged
82	COCA COLA CO COM KO	KO	144,000	$10.1m0.33%	0.33%	Unchanged
83	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	62,800	$9.0m0.30%	0.30%	New
84	BIOGEN INC COM BIIB	BIIB	44,300	$7.8m0.26%	0.26%	New
85	LAMB WESTON HLDGS INC COM LW	LW	185,400	$7.8m0.26%	0.26%	Added +92.5k	+92,500 99.6%
86	VISTRA CORP COM VST	VST	37,400	$6.0m0.20%	0.20%	Unchanged
87	PEPSICO INC COM PEP	PEP	38,576	$5.5m0.18%	0.18%	Reduced -9.2k	-9,224 -19.3%
88	APPLOVIN CORP COM CL A APP	APP	6,400	$4.3m0.14%	0.14%	New
89	COINBASE GLOBAL INC COM CL A COIN	COIN	16,000	$3.6m0.12%	0.12%	New

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
BOEING CO BA	BA	135,300	$29.2m135.3k shares
PROGRESSIVE CORP PGR	PGR	86,000	$21.2m86.0k shares
BOSTON SCIENTIFIC CORP BSX	BSX	213,700	$20.9m213.7k shares
RTX CORPORATION RTX	RTX	103,500	$17.3m103.5k shares
CARRIER GLOBAL CORPORATION CARR	CARR	277,200	$16.5m277.2k shares
SYSCO CORP SYY	SYY	189,500	$15.6m189.5k shares
EVERSOURCE ENERGY ES	ES	215,000	$15.3m215.0k shares
VERTEX PHARMACEUTICALS INC VRTX	VRTX	35,100	$13.7m35.1k shares
INSULET CORP PODD	PODD	40,700	$12.6m40.7k shares
ATLASSIAN CORPORATION TEAM	TEAM	76,300	$12.2m76.3k shares
THE CIGNA GROUP CI	CI	40,200	$11.6m40.2k shares
AXON ENTERPRISE INC AXON	AXON	14,700	$10.5m14.7k shares
PULTE GROUP INC PHM	PHM	53,500	$7.1m53.5k shares
SPOTIFY TECHNOLOGY S A SPOT	SPOT	9,100	$6.4m9.1k shares
COLGATE PALMOLIVE CO CL	CL	72,300	$5.8m72.3k shares
SELECT SECTOR SPDR TR XLB	XLB	102,400	$4.6m102.4k shares