ADAMS DIVERSIFIED EQUITY FUND, INC.

BALTIMORE, MD · CIK 2230 · 13F filing filed 2026-07-22

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)

$3.3bn reported value +15.4% vs Q1 2026

103positions

40.6%in top 10

18 new 11 added 27 reduced 14 sold out vs Q1 2026

Holdings, Q2 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	1,255,000	$251.1m7.67%	7.67%	Reduced -12.0k	-12,000 -0.9%
2	APPLE INC COM AAPL	AAPL	760,200	$220.0m6.72%	6.72%	Reduced -7.1k	-7,100 -0.9%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	535,500	$191.4m5.85%	5.85%	Unchanged
4	MICROSOFT CORP COM MSFT	MSFT	404,500	$150.9m4.61%	4.61%	Reduced -3.7k	-3,700 -0.9%
5	AMAZON COM INC COM AMZN	AMZN	529,400	$126.2m3.85%	3.85%	Reduced -4.8k	-4,800 -0.9%
6	BROADCOM INC COM AVGO	AVGO	250,000	$94.4m2.89%	2.89%	Reduced -12.4k	-12,400 -4.7%
7	LAM RESEARCH CORP COM NEW LRCX	LRCX	199,300	$86.4m2.64%	2.64%	Reduced -2.4k	-2,400 -1.2%
8	ADVANCED MICRO DEVICES INC COM AMD	AMD	128,000	$74.4m2.27%	2.27%	Unchanged
9	JPMORGAN CHASE & CO COM JPM	JPM	204,863	$67.1m2.05%	2.05%	Unchanged
10	ADAM NAT RES FD INC COM PEO	PEO	2,673,453	$66.1m2.02%	2.02%	Added +51.5k	+51,546 2.0%
11	META PLATFORMS INC CL A META	META	110,500	$62.2m1.90%	1.90%	Unchanged
12	ELI LILLY & CO COM LLY	LLY	50,768	$60.9m1.86%	1.86%	Unchanged
13	MICRON TECHNOLOGY INC COM MU	MU	49,800	$57.5m1.76%	1.76%	Unchanged
14	TESLA INC COM TSLA	TSLA	127,200	$53.5m1.63%	1.63%	Reduced -1.7k	-1,700 -1.3%
15	BANK AMERICA CORP COM BAC	BAC	932,768	$53.1m1.62%	1.62%	Unchanged
16	ABBVIE INC COM ABBV	ABBV	172,800	$43.5m1.33%	1.33%	Added +43.4k	+43,400 33.5%
17	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	83,843	$42.0m1.28%	1.28%	Unchanged
18	CISCO SYS INC COM CSCO	CSCO	353,800	$41.6m1.27%	1.27%	Unchanged
19	GE VERNOVA INC COM GEV	GEV	34,400	$40.4m1.23%	1.23%	Reduced -8.9k	-8,900 -20.6%
20	VISA INC COM CL A V	V	113,261	$38.9m1.19%	1.19%	Unchanged
21	PALO ALTO NETWORKS INC COM PANW	PANW	110,000	$37.5m1.15%	1.15%	Reduced -6.2k	-6,200 -5.3%
22	GOLDMAN SACHS GROUP INC COM GS	GS	36,500	$36.9m1.13%	1.13%	Unchanged
23	PHILIP MORRIS INTL INC COM PM	PM	196,235	$35.5m1.08%	1.08%	Reduced -3.9k	-3,900 -1.9%
24	MERCK & CO INC COM MRK	MRK	270,300	$34.7m1.06%	1.06%	Reduced -29.9k	-29,900 -10.0%
25	CATERPILLAR INC COM CAT	CAT	32,000	$34.1m1.04%	1.04%	New
26	WALMART INC COM WMT	WMT	299,043	$33.9m1.03%	1.03%	Reduced -2.4k	-2,400 -0.8%
27	ANALOG DEVICES INC COM ADI	ADI	79,000	$31.4m0.96%	0.96%	Unchanged
28	UNITEDHEALTH GROUP INC COM UNH	UNH	71,500	$29.7m0.91%	0.91%	Added +30.5k	+30,500 74.4%
29	M & T BK CORP COM MTB	MTB	119,900	$28.5m0.87%	0.87%	Unchanged
30	JOHNSON & JOHNSON COM JNJ	JNJ	102,800	$26.1m0.80%	0.80%	Unchanged
31	HOME DEPOT INC COM HD	HD	71,900	$25.4m0.77%	0.77%	Reduced -1.9k	-1,900 -2.6%
32	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	47,300	$23.5m0.72%	0.72%	New
33	ARISTA NETWORKS INC COM SHS ANET	ANET	135,464	$23.0m0.70%	0.70%	Reduced -28.3k	-28,300 -17.3%
34	NEXTERA ENERGY INC COM NEE	NEE	259,400	$22.8m0.70%	0.70%	Unchanged
35	IDEX CORP COM IEX	IEX	100,000	$22.7m0.69%	0.69%	New
36	CSX CORP COM CSX	CSX	477,000	$22.7m0.69%	0.69%	New
37	PRINCIPAL FINANCIAL GROUP IN COM PFG	PFG	209,100	$22.5m0.69%	0.69%	Unchanged
38	SANDISK CORP COM SNDK	SNDK	9,900	$22.5m0.69%	0.69%	Added +2.5k	+2,500 33.8%
39	HOWMET AEROSPACE INC COM HWM	HWM	83,400	$22.4m0.69%	0.69%	New
40	ENTERGY CORP NEW COM ETR	ETR	194,600	$22.4m0.68%	0.68%	Reduced -5.5k	-5,500 -2.8%
41	AIRBNB INC COM CL A ABNB	ABNB	155,000	$22.2m0.68%	0.68%	Unchanged
42	UBER TECHNOLOGIES INC COM UBER	UBER	306,000	$22.1m0.67%	0.67%	Reduced -8.3k	-8,300 -2.6%
43	BIOGEN INC COM BIIB	BIIB	100,300	$21.7m0.66%	0.66%	Unchanged
44	PROLOGIS INC. COM PLD	PLD	158,300	$21.4m0.66%	0.66%	Added +16.3k	+16,300 11.5%
45	CVS HEALTH CORP COM CVS	CVS	200,700	$20.8m0.63%	0.63%	Unchanged
46	INTEL CORP COM INTC	INTC	145,900	$20.4m0.62%	0.62%	New
47	MCDONALDS CORP COM MCD	MCD	74,400	$20.1m0.61%	0.61%	Unchanged
48	JOHNSON CTLS INTL PLC SHS JCI	JCI	137,300	$20.1m0.61%	0.61%	Unchanged
49	HARTFORD INSURANCE GROUP INC COM HIG	HIG	150,500	$19.9m0.61%	0.61%	New
50	MSCI INC COM MSCI	MSCI	34,600	$19.4m0.59%	0.59%	Unchanged
51	CARRIER GLOBAL CORPORATION COM CARR	CARR	257,700	$18.9m0.58%	0.58%	New
52	SIMON PPTY GROUP INC NEW COM SPG	SPG	83,900	$18.8m0.57%	0.57%	Added +48.0k	+48,000 133.7%
53	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	63,400	$18.4m0.56%	0.56%	Reduced -2.0k	-2,000 -3.1%
54	EMCOR GROUP INC COM EME	EME	21,800	$18.1m0.55%	0.55%	Unchanged
55	MASTERCARD INCORPORATED CL A MA	MA	35,062	$18.0m0.55%	0.55%	Unchanged
56	TKO GROUP HOLDINGS INC CL A TKO	TKO	88,500	$17.8m0.54%	0.54%	Unchanged
57	WESTERN DIGITAL CORP COM WDC	WDC	27,800	$17.8m0.54%	0.54%	Added +7.3k	+7,300 35.6%
58	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	61,900	$17.4m0.53%	0.53%	Unchanged
59	VERTIV HOLDINGS CO COM CL A VRT	VRT	51,800	$17.3m0.53%	0.53%	Unchanged
60	FREEPORT-MCMORAN INC CL B FCX	FCX	275,500	$17.3m0.53%	0.53%	Unchanged
61	CONOCOPHILLIPS COM COP	COP	164,100	$17.1m0.52%	0.52%	New
62	EVEREST GROUP LTD COM EG	EG	46,800	$16.7m0.51%	0.51%	Added +19.8k	+19,800 73.3%
63	AMEREN CORP COM AEE	AEE	146,200	$16.5m0.50%	0.50%	Unchanged
64	STARBUCKS CORP COM SBUX	SBUX	158,000	$16.1m0.49%	0.49%	New
65	AMPHENOL CORP CL A APH	APH	90,400	$15.9m0.49%	0.49%	Reduced -43.5k	-43,500 -32.5%
66	DECKERS OUTDOOR CORP COM DECK	DECK	159,400	$15.8m0.48%	0.48%	Added +74.9k	+74,900 88.6%
67	NUCOR CORP COM NUE	NUE	70,400	$15.7m0.48%	0.48%	Reduced -12.8k	-12,800 -15.4%
68	BLACKROCK INC COM BLK	BLK	16,300	$15.7m0.48%	0.48%	New
69	DOLLAR GEN CORP NEW COM DG	DG	133,100	$15.3m0.47%	0.47%	Reduced -5.3k	-5,300 -3.8%
70	MEDTRONIC PLC SHS MDT	MDT	192,900	$15.1m0.46%	0.46%	Unchanged
71	FEDEX CORP COM FDX	FDX	48,100	$15.1m0.46%	0.46%	Reduced -17.4k	-17,400 -26.6%
72	NETFLIX INC COM NFLX	NFLX	210,520	$15.0m0.46%	0.46%	Unchanged
73	PEPSICO INC COM PEP	PEP	108,576	$14.7m0.45%	0.45%	Reduced -68.2k	-68,200 -38.6%
74	REPUBLIC SVCS INC COM RSG	RSG	68,500	$14.6m0.45%	0.45%	Unchanged
75	CENTENE CORP DEL COM CNC	CNC	226,500	$14.5m0.44%	0.44%	Unchanged
76	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	118,700	$13.8m0.42%	0.42%	Unchanged
77	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	53,200	$13.3m0.41%	0.41%	Unchanged
78	TARGA RES CORP COM TRGP	TRGP	48,600	$13.0m0.40%	0.40%	Unchanged
79	IRON MTN INC DEL COM IRM	IRM	102,900	$13.0m0.40%	0.40%	Added +22.1k	+22,100 27.4%
80	COSTCO WHSL CORP NEW COM COST	COST	13,700	$12.8m0.39%	0.39%	Unchanged
81	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	237,000	$12.7m0.39%	0.39%	Reduced -18.2k	-18,200 -7.1%
82	FEDEX FGHT HLDG CO INC COMMON STOCK FDXF	FDXF	82,950	$12.5m0.38%	0.38%	New
83	COCA COLA CO COM KO	KO	144,000	$11.7m0.36%	0.36%	Unchanged
84	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	60,600	$11.5m0.35%	0.35%	New
85	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	217,300	$11.0m0.34%	0.34%	New
86	ORACLE CORP COM ORCL	ORCL	74,700	$10.9m0.33%	0.33%	Unchanged
87	HALLIBURTON CO COM HAL	HAL	303,500	$10.3m0.31%	0.31%	Unchanged
88	PROCTER AND GAMBLE CO COM PG	PG	70,249	$10.3m0.31%	0.31%	Unchanged
89	SALESFORCE INC COM CRM	CRM	65,700	$10.3m0.31%	0.31%	Unchanged
90	DEXCOM INC COM DXCM	DXCM	145,000	$9.8m0.30%	0.30%	New
91	SNOWFLAKE INC CL A SNOW	SNOW	38,300	$9.7m0.30%	0.30%	Reduced -27.0k	-27,000 -41.4%
92	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	116,000	$9.6m0.29%	0.29%	New
93	ECOLAB INC COM ECL	ECL	33,300	$9.3m0.28%	0.28%	Reduced -1.2k	-1,200 -3.5%
94	CORNING INC COM GLW	GLW	36,300	$9.3m0.28%	0.28%	Unchanged
95	T-MOBILE US INC COM TMUS	TMUS	53,000	$8.9m0.27%	0.27%	Unchanged
96	BOEING CO COM BA	BA	37,700	$8.2m0.25%	0.25%	Unchanged
97	TWILIO INC CL A TWLO	TWLO	36,600	$7.6m0.23%	0.23%	New
98	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	67,100	$7.2m0.22%	0.22%	Reduced -21.6k	-21,600 -24.4%
99	ISHARES TR U.S. REAL ES ETF IYR	IYR	62,900	$6.4m0.20%	0.20%	New
100	CHEVRON CORP NEW COM CVX	CVX	33,427	$5.5m0.17%	0.17%	Reduced -106.8k	-106,800 -76.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SELECT SECTOR SPDR TR XLV	XLV	285,000	$41.8m285.0k shares
SCHWAB CHARLES CORP SCHW	SCHW	322,800	$30.3m322.8k shares
PARKER-HANNIFIN CORP PH	PH	27,900	$25.0m27.9k shares
GILEAD SCIENCES INC GILD	GILD	177,100	$24.7m177.1k shares
LINCOLN ELEC HLDGS INC LECO	LECO	97,300	$24.2m97.3k shares
HUNT J B TRANS SVCS INC JBHT	JBHT	107,100	$22.7m107.1k shares
PACCAR INC PCAR	PCAR	174,000	$20.1m174.0k shares
OREILLY AUTOMOTIVE INC ORLY	ORLY	208,500	$19.2m208.5k shares
CAPITAL ONE FINL CORP COF	COF	90,370	$16.5m90.4k shares
GE AEROSPACE GE	GE	45,700	$13.0m45.7k shares
CBRE GROUP INC CBRE	CBRE	94,400	$12.8m94.4k shares
CROWN HLDGS INC CCK	CCK	115,100	$11.5m115.1k shares
WAYFAIR INC W	W	116,700	$8.8m116.7k shares
PUBLIC STORAGE PSA	PSA	28,900	$7.8m28.9k shares