ADAMS DIVERSIFIED EQUITY FUND, INC.

BALTIMORE, MD · CIK 2230 · 13F filing filed 2026-04-22

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)

$2.8bn reported value -5.6% vs Q4 2025

99positions

40.8%in top 10

26 new 10 added 42 reduced 16 sold out vs Q4 2025

Holdings, Q1 2026

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	1,267,000	$221.0m7.79%	7.79%	Reduced -11.6k	-11,600 -0.9%
2	APPLE INC COM AAPL	AAPL	767,300	$194.7m6.86%	6.86%	Reduced -49.1k	-49,100 -6.0%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	535,500	$154.0m5.43%	5.43%	Unchanged
4	MICROSOFT CORP COM MSFT	MSFT	408,200	$151.1m5.33%	5.33%	Reduced -3.9k	-3,900 -0.9%
5	AMAZON COM INC COM AMZN	AMZN	534,200	$111.3m3.92%	3.92%	Reduced -15.3k	-15,300 -2.8%
6	BROADCOM INC COM AVGO	AVGO	262,400	$81.2m2.86%	2.86%	Reduced -2.8k	-2,800 -1.1%
7	ADAM NAT RES FD INC COM PEO	PEO	2,621,907	$72.9m2.57%	2.57%	Added +49.2k	+49,223 1.9%
8	META PLATFORMS INC CL A META	META	110,500	$63.2m2.23%	2.23%	Reduced -4.1k	-4,100 -3.6%
9	JPMORGAN CHASE & CO COM JPM	JPM	204,863	$60.3m2.12%	2.12%	Reduced -2.0k	-2,000 -1.0%
10	TESLA INC COM TSLA	TSLA	128,900	$47.9m1.69%	1.69%	Added +7.1k	+7,100 5.8%
11	ELI LILLY & CO COM LLY	LLY	50,768	$46.7m1.65%	1.65%	Reduced -600	-600 -1.2%
12	BANK AMERICA CORP COM BAC	BAC	932,768	$45.5m1.60%	1.60%	Added +36.8k	+36,800 4.1%
13	LAM RESEARCH CORP COM NEW LRCX	LRCX	201,700	$43.1m1.52%	1.52%	Reduced -70.0k	-70,000 -25.8%
14	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	285,000	$41.8m1.47%	1.47%	Added +151.8k	+151,800 114.0%
15	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	83,843	$40.2m1.42%	1.42%	Unchanged
16	GE VERNOVA INC COM GEV	GEV	43,300	$37.8m1.33%	1.33%	Reduced -2.6k	-2,600 -5.7%
17	WALMART INC COM WMT	WMT	301,443	$37.5m1.32%	1.32%	Reduced -46.2k	-46,200 -13.3%
18	MERCK & CO INC COM MRK	MRK	300,200	$36.1m1.27%	1.27%	Reduced -8.6k	-8,600 -2.8%
19	VISA INC COM CL A V	V	113,261	$34.2m1.21%	1.21%	Unchanged
20	PHILIP MORRIS INTL INC COM PM	PM	200,135	$33.1m1.17%	1.17%	Reduced -5.3k	-5,300 -2.6%
21	GOLDMAN SACHS GROUP INC COM GS	GS	36,500	$30.9m1.09%	1.09%	Reduced -5.5k	-5,500 -13.1%
22	SCHWAB CHARLES CORP COM SCHW	SCHW	322,800	$30.3m1.07%	1.07%	Added +85.8k	+85,800 36.2%
23	CHEVRON CORP NEW COM CVX	CVX	140,227	$29.0m1.02%	1.02%	Reduced -30.3k	-30,300 -17.8%
24	ABBVIE INC COM ABBV	ABBV	129,400	$28.1m0.99%	0.99%	Reduced -58.3k	-58,300 -31.1%
25	PEPSICO INC COM PEP	PEP	176,776	$27.5m0.97%	0.97%	Added +138.2k	+138,200 358.2%
26	CISCO SYS INC COM CSCO	CSCO	353,800	$27.5m0.97%	0.97%	Reduced -21.0k	-21,000 -5.6%
27	ADVANCED MICRO DEVICES INC COM AMD	AMD	128,000	$26.0m0.92%	0.92%	Unchanged
28	ANALOG DEVICES INC COM ADI	ADI	79,000	$25.1m0.89%	0.89%	Unchanged
29	JOHNSON & JOHNSON COM JNJ	JNJ	102,800	$25.1m0.89%	0.89%	Unchanged
30	PARKER-HANNIFIN CORP COM PH	PH	27,900	$25.0m0.88%	0.88%	Reduced -700	-700 -2.5%
31	M & T BK CORP COM MTB	MTB	119,900	$24.8m0.87%	0.87%	Added +22.3k	+22,300 22.9%
32	GILEAD SCIENCES INC COM GILD	GILD	177,100	$24.7m0.87%	0.87%	Unchanged
33	HOME DEPOT INC COM HD	HD	73,800	$24.3m0.86%	0.86%	Reduced -5.2k	-5,200 -6.6%
34	LINCOLN ELEC HLDGS INC COM LECO	LECO	97,300	$24.2m0.85%	0.85%	Reduced -2.4k	-2,400 -2.4%
35	NEXTERA ENERGY INC COM NEE	NEE	259,400	$24.1m0.85%	0.85%	Added +96.1k	+96,100 58.9%
36	FEDEX CORP COM FDX	FDX	65,500	$23.3m0.82%	0.82%	Unchanged
37	MCDONALDS CORP COM MCD	MCD	74,400	$23.1m0.81%	0.81%	Unchanged
38	HUNT J B TRANS SVCS INC COM JBHT	JBHT	107,100	$22.7m0.80%	0.80%	New
39	UBER TECHNOLOGIES INC COM UBER	UBER	314,300	$22.6m0.80%	0.80%	Reduced -28.3k	-28,300 -8.3%
40	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	65,400	$22.6m0.80%	0.80%	Unchanged
41	ENTERGY CORP NEW COM ETR	ETR	200,100	$22.5m0.79%	0.79%	Reduced -6.5k	-6,500 -3.1%
42	NETFLIX INC COM NFLX	NFLX	210,520	$20.2m0.71%	0.71%	Reduced -10.7k	-10,700 -4.8%
43	ARISTA NETWORKS INC COM SHS ANET	ANET	163,764	$20.1m0.71%	0.71%	Reduced -39.8k	-39,800 -19.6%
44	PACCAR INC COM PCAR	PCAR	174,000	$20.1m0.71%	0.71%	New
45	AIRBNB INC COM CL A ABNB	ABNB	155,000	$19.6m0.69%	0.69%	New
46	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	208,500	$19.2m0.68%	0.68%	Reduced -3.1k	-3,100 -1.5%
47	PRINCIPAL FINANCIAL GROUP IN COM PFG	PFG	209,100	$18.8m0.66%	0.66%	New
48	PROLOGIS INC. COM PLD	PLD	142,000	$18.8m0.66%	0.66%	Reduced -16.8k	-16,800 -10.6%
49	MSCI INC COM MSCI	MSCI	34,600	$18.6m0.66%	0.66%	New
50	PALO ALTO NETWORKS INC COM PANW	PANW	116,200	$18.6m0.66%	0.66%	Unchanged
51	BIOGEN INC COM BIIB	BIIB	100,300	$18.4m0.65%	0.65%	Added +56.0k	+56,000 126.4%
52	JOHNSON CTLS INTL PLC SHS JCI	JCI	137,300	$18.0m0.63%	0.63%	Reduced -61.7k	-61,700 -31.0%
53	TKO GROUP HOLDINGS INC CL A TKO	TKO	88,500	$17.8m0.63%	0.63%	Unchanged
54	MASTERCARD INCORPORATED CL A MA	MA	35,062	$17.5m0.62%	0.62%	Reduced -11.1k	-11,100 -24.1%
55	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	118,700	$17.4m0.61%	0.61%	Added +61.8k	+61,800 108.6%
56	AMPHENOL CORP CL A APH	APH	133,900	$16.9m0.60%	0.60%	New
57	MICRON TECHNOLOGY INC COM MU	MU	49,800	$16.8m0.59%	0.59%	New
58	MEDTRONIC PLC SHS MDT	MDT	192,900	$16.7m0.59%	0.59%	Unchanged
59	CAPITAL ONE FINL CORP COM COF	COF	90,370	$16.5m0.58%	0.58%	Reduced -67.3k	-67,300 -42.7%
60	DOLLAR GEN CORP NEW COM DG	DG	138,400	$16.4m0.58%	0.58%	Unchanged
61	FREEPORT-MCMORAN INC CL B FCX	FCX	275,500	$16.2m0.57%	0.57%	Reduced -26.2k	-26,200 -8.7%
62	EMCOR GROUP INC COM EME	EME	21,800	$16.1m0.57%	0.57%	Reduced -6.2k	-6,200 -22.1%
63	AMEREN CORP COM AEE	AEE	146,200	$16.1m0.57%	0.57%	New
64	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	61,900	$15.0m0.53%	0.53%	Reduced -26.0k	-26,000 -29.6%
65	REPUBLIC SVCS INC COM RSG	RSG	68,500	$15.0m0.53%	0.53%	Unchanged
66	CVS HEALTH CORP COM CVS	CVS	200,700	$14.4m0.51%	0.51%	Reduced -150.6k	-150,600 -42.9%
67	NUCOR CORP COM NUE	NUE	83,200	$14.1m0.50%	0.50%	New
68	COSTCO WHSL CORP NEW COM COST	COST	13,700	$13.7m0.48%	0.48%	Unchanged
69	VERTIV HOLDINGS CO COM CL A VRT	VRT	51,800	$13.0m0.46%	0.46%	New
70	GE AEROSPACE COM NEW GE	GE	45,700	$13.0m0.46%	0.46%	Reduced -99.3k	-99,300 -68.5%
71	CBRE GROUP INC CL A CBRE	CBRE	94,400	$12.8m0.45%	0.45%	Unchanged
72	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	255,200	$12.6m0.44%	0.44%	New
73	SALESFORCE INC COM CRM	CRM	65,700	$12.3m0.43%	0.43%	Unchanged
74	TARGA RES CORP COM TRGP	TRGP	48,600	$12.2m0.43%	0.43%	New
75	HALLIBURTON CO COM HAL	HAL	303,500	$11.8m0.42%	0.42%	New
76	CROWN HLDGS INC COM CCK	CCK	115,100	$11.5m0.41%	0.41%	Reduced -29.3k	-29,300 -20.3%
77	T-MOBILE US INC COM TMUS	TMUS	53,000	$11.1m0.39%	0.39%	Reduced -47.3k	-47,300 -47.2%
78	UNITEDHEALTH GROUP INC COM UNH	UNH	41,000	$11.1m0.39%	0.39%	Reduced -9.8k	-9,800 -19.3%
79	ORACLE CORP COM ORCL	ORCL	74,700	$11.0m0.39%	0.39%	Reduced -10.0k	-10,000 -11.8%
80	COCA COLA CO COM KO	KO	144,000	$11.0m0.39%	0.39%	Unchanged
81	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	53,200	$10.5m0.37%	0.37%	Unchanged
82	PROCTER AND GAMBLE CO COM PG	PG	70,249	$10.1m0.36%	0.36%	Unchanged
83	SNOWFLAKE INC CL A SNOW	SNOW	65,300	$9.8m0.35%	0.35%	Reduced -2.9k	-2,900 -4.2%
84	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	88,700	$9.8m0.35%	0.35%	New
85	ECOLAB INC COM ECL	ECL	34,500	$9.2m0.32%	0.32%	Reduced -37.7k	-37,700 -52.2%
86	EVEREST GROUP LTD COM EG	EG	27,000	$8.8m0.31%	0.31%	New
87	WAYFAIR INC CL A W	W	116,700	$8.8m0.31%	0.31%	New
88	DECKERS OUTDOOR CORP COM DECK	DECK	84,500	$8.5m0.30%	0.30%	New
89	IRON MTN INC DEL COM IRM	IRM	80,800	$8.3m0.29%	0.29%	New
90	PUBLIC STORAGE COM PSA	PSA	28,900	$7.8m0.28%	0.28%	New
91	BOEING CO COM BA	BA	37,700	$7.5m0.26%	0.26%	New
92	CENTENE CORP DEL COM CNC	CNC	226,500	$7.4m0.26%	0.26%	New
93	SIMON PPTY GROUP INC NEW COM SPG	SPG	35,900	$6.7m0.24%	0.24%	New
94	CONSTELLATION ENERGY CORP COM CEG	CEG	21,400	$6.0m0.21%	0.21%	Reduced -7.9k	-7,900 -27.0%
95	WESTERN DIGITAL CORP COM WDC	WDC	20,500	$5.5m0.20%	0.20%	New
96	CORNING INC COM GLW	GLW	36,300	$4.9m0.17%	0.17%	New
97	SANDISK CORP COM SNDK	SNDK	7,400	$4.7m0.17%	0.17%	New
98	VISTRA CORP COM VST	VST	18,900	$2.8m0.10%	0.10%	Reduced -18.5k	-18,500 -49.5%
99	LUMENTUM HLDGS INC COM LITE	LITE	3,600	$2.5m0.09%	0.09%	New

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
BOOKING HOLDINGS INC BKNG	BKNG	5,500	$29.5m5.5k shares
CENCORA INC COR	COR	77,100	$26.0m77.1k shares
AMERICAN INTL GROUP INC AIG	AIG	255,000	$21.8m255.0k shares
MOODYS CORP MCO	MCO	42,600	$21.8m42.6k shares
ROCKWELL AUTOMATION INC ROK	ROK	48,900	$19.0m48.9k shares
DUKE ENERGY CORP NEW DUK	DUK	150,000	$17.6m150.0k shares
PRICE T ROWE GROUP INC TROW	TROW	154,800	$15.8m154.8k shares
BAKER HUGHES COMPANY BKR	BKR	309,400	$14.1m309.4k shares
AUTODESK INC ADSK	ADSK	40,700	$12.0m40.7k shares
VICI PPTYS INC VICI	VICI	421,600	$11.9m421.6k shares
AVALONBAY CMNTYS INC AVB	AVB	57,600	$10.4m57.6k shares
POST HLDGS INC POST	POST	105,300	$10.4m105.3k shares
SELECT SECTOR SPDR TR XLK	XLK	62,800	$9.0m62.8k shares
LAMB WESTON HLDGS INC LW	LW	185,400	$7.8m185.4k shares
APPLOVIN CORP APP	APP	6,400	$4.3m6.4k shares
COINBASE GLOBAL INC COIN	COIN	16,000	$3.6m16.0k shares