0001104659-20-129643.txt : 20201125 0001104659-20-129643.hdr.sgml : 20201125 20201125171618 ACCESSION NUMBER: 0001104659-20-129643 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200930 FILED AS OF DATE: 20201125 PERIOD START: 20201231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADAMS DIVERSIFIED EQUITY FUND, INC. CENTRAL INDEX KEY: 0000002230 IRS NUMBER: 134912740 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-00248 FILM NUMBER: 201351897 BUSINESS ADDRESS: STREET 1: 500 EAST PRATT STREET STREET 2: SUITE 1300 CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 4107525900 MAIL ADDRESS: STREET 1: 500 EAST PRATT STREET STREET 2: SUITE 1300 CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: ADAMS DIVERSIFIED EQUITY FUND DATE OF NAME CHANGE: 20150331 FORMER COMPANY: FORMER CONFORMED NAME: ADAMS EXPRESS CO DATE OF NAME CHANGE: 19920703 NPORT-P 1 primary_doc.xml NPORT-P false 0000002230 XXXXXXXX Adams Diversified Equity Fund, Inc. 811-00248 0000002230 5493005W7G81BNPP7M23 500 East Pratt Street Suite 1300 Baltimore 21202 410-752-5900 N/A N/A 2020-12-31 2020-09-30 N 2073299369 19747166 2053552203 0 0 0 0 0 0 0 0 0 0 0 0 0 1746044 N Adams Natural Resources Fund, Inc. 549300LPTQAH0G3NGD42 Adams Natural Resources Fund, Inc. 00548F105 2186774 NS USD 21386649.72 0.010414 Long EC RF US N 1 N N N Cintas Corporation N/A Cintas Corporation 172908105 23800 NS USD 7921354 0.003857 Long EC CORP US N 1 N N N Prologis, Inc. 529900DFH19P073LZ636 Prologis, Inc. 74340W103 168100 NS USD 16914222 0.008237 Long EC CORP US N 1 N N N Simon Property Group, Inc. N/A Simon Property Group, Inc. 828806109 93800 NS USD 6066984 0.002954 Long EC CORP US N 1 N N N Adams Funds Advisers, LLC N/A Adams Funds Advisers, LLC 134912740 1 OU Other USD 466000 0.000227 Long CORP US N 3 N N N Morgan Stanley Institutional Liquidity Funds Prime Portfolio N/A Morgan Stanley Institutional Liquidity Funds Prime Portfolio 61747C715 5709795.187 NS USD 5710366.166518 0.002781 Long STIV RF US N 1 N N N Consumer Staples Select Sector SPDR Fund N/A Total Return Swap N/A -323200 NS USD -2043690.56 -0.000995 Short DE RF US N 2 Morgan Stanley IGJSJL3JD5P30I6NJZ34 Y Receive financing amount based on notional amount and daily U.S. Federal Funds rate less 0.45% Pay total return on underlying security 2021-07-26 0 USD 0 USD -18812922.56 USD -2043690.56 N N N Procter & Gamble Company N/A Total Return Swap N/A 160300 NS USD 3504398.45 0.001707 Long DE CORP US N 2 Morgan Stanley IGJSJL3JD5P30I6NJZ34 Y Receive total return on underlying security Pay financing rate based on notional amount and daily U.S. Federal Funds rate plus 0.55% 2021-07-26 0 USD 0 USD 18870467.91 USD 3504398.45 N N N Honeywell International Inc. ISRPG12PN4EIEOEMW547 Honeywell International Inc. 438516106 149800 NS USD 24658578 0.012008 Long EC CORP US N 1 N N N Industrial Select Sector SPDR Fund 549300HQI51T8KP6U325 Industrial Select Sector SPDR Fund 81369Y704 192100 NS USD 14787858 0.007201 Long EC RF US N 1 N N N Kansas City Southern 5493008C12PZMWP3WY03 Kansas City Southern 485170302 76700 NS USD 13869661 0.006754 Long EC CORP US N 1 N N N L3Harris Technologies Inc. N/A L3Harris Technologies Inc. 502431109 88800 NS USD 15081792 0.007344 Long EC CORP US N 1 N N N Lincoln Electric Holdings, Inc. BIMGBY40SIN95O01BN93 Lincoln Electric Holdings, Inc. 533900106 111800 NS USD 10290072 0.005011 Long EC CORP US N 1 N N N Parker-Hannifin Corporation 5493002CONDB4N2HKI23 Parker-Hannifin Corporation 701094104 73500 NS USD 14871990 0.007242 Long EC CORP US N 1 N N N Raytheon Technologies Corporation N/A Raytheon Technologies Corporation 75513E101 299300 NS USD 17221722 0.008386 Long EC CORP US N 1 N N N Union Pacific Corporation 549300LMMRSZZCZ8CL11 Union Pacific Corporation 907818108 142400 NS USD 28034288 0.013652 Long EC CORP US N 1 N N N United Rentals, Inc. 5323X5O7RN0NKFCDRY08 United Rentals, Inc. 911363109 43800 NS USD 7643100 0.003722 Long EC CORP US N 1 N N N Chevron Corporation N/A Chevron Corporation 166764100 140200 NS USD 10094400 0.004916 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 33900 NS USD 106741947 0.051979 Long EC CORP US N 1 N N N Chipotle Mexican Grill, Inc. N/A Chipotle Mexican Grill, Inc. 169656105 11500 NS USD 14302665 0.006965 Long EC CORP US N 1 N N N Dick's Sporting Goods, Inc. N/A Dick's Sporting Goods, Inc. 253393102 132800 NS USD 7686464 0.003743 Long EC CORP US N 1 N N N General Motors Company 54930070NSV60J38I987 General Motors Company 37045V100 196300 NS USD 5808517 0.002829 Long EC CORP US N 1 N N N Hilton Worldwide Holdings, Inc. 549300HVGPK36ICB0B89 Hilton Worldwide Holdings, Inc. 43300A203 114400 NS USD 9760608 0.004753 Long EC CORP US N 1 N N N Home Depot, Inc. QEKMOTMBBKA8I816DO57 Home Depot, Inc. 437076102 118100 NS USD 32797551 0.015971 Long EC CORP US N 1 N N N Las Vegas Sands Corp. N/A Las Vegas Sands Corp. 517834107 180700 NS USD 8431462 0.004106 Long EC CORP US N 1 N N N Lowe's Companies, Inc. WAFCR4OKGSC504WU3E95 Lowe's Companies, Inc. 548661107 123900 NS USD 20550054 0.010007 Long EC CORP US N 1 N N N Magna International Inc. 95RWVLFZX6VGDZNNTN43 Magna International Inc. 559222401 129400 NS USD 5920050 0.002883 Long EC CORP CA N 1 N N N NVR, Inc. N/A NVR, Inc. 62944T105 1800 NS USD 7349616 0.003579 Long EC CORP US N 1 N N N ConocoPhillips WPTL2Z3FIYTHSP5V2253 ConocoPhillips 20825C104 210300 NS USD 6906252 0.003363 Long EC CORP US N 1 N N N Target Corporation 8WDDFXB5T1Z6J0XC1L66 Target Corporation 87612E106 169700 NS USD 26714174 0.013009 Long EC CORP US N 1 N N N Coca-Cola Company UWJKFUJFZ02DKWI3RY53 Coca-Cola Company 191216100 600400 NS USD 29641748 0.014434 Long EC CORP US N 1 N N N Costco Wholesale Corporation 29DX7H14B9S6O3FD6V18 Costco Wholesale Corporation 22160K105 63600 NS USD 22578000 0.010995 Long EC CORP US N 1 N N N Mondelez International, Inc. Class A 549300DV9GIB88LZ5P30 Mondelez International, Inc. Class A 609207105 348100 NS USD 19998345 0.009738 Long EC CORP US N 1 N N N PepsiCo, Inc. FJSUNZKFNQ5YPJ5OT455 PepsiCo, Inc. 713448108 118700 NS USD 16451820 0.008011 Long EC CORP US N 1 N N N Philip Morris International Inc. HL3H1H2BGXWVG3BSWR90 Philip Morris International Inc. 718172109 263500 NS USD 19759865 0.009622 Long EC CORP US N 1 N N N Procter & Gamble Company 2572IBTT8CCZW6AU4141 Procter & Gamble Company 742718109 115350 NS USD 16032496.5 0.007807 Long EC CORP US N 1 N N N Walmart Inc. Y87794H0US1R65VBXU25 Walmart Inc. 931142103 151100 NS USD 21140401 0.010295 Long EC CORP US N 1 N N N Abbott Laboratories HQD377W2YR662HK5JX27 Abbott Laboratories 002824100 256400 NS USD 27904012 0.013588 Long EC CORP US N 1 N N N AbbVie, Inc. FR5LCKFTG8054YNNRU85 AbbVie, Inc. 00287Y109 281100 NS USD 24621549 0.01199 Long EC CORP US N 1 N N N Exxon Mobil Corporation J3WHBG0MTS7O8ZVMDC91 Exxon Mobil Corporation 30231G102 86700 NS USD 2976411 0.001449 Long EC CORP US N 1 N N N Alexion Pharmaceuticals, Inc. M1YXUUZR0EIMU8T0EM75 Alexion Pharmaceuticals, Inc. 015351109 91200 NS USD 10436016 0.005082 Long EC CORP US N 1 N N N AmerisourceBergen Corporation AI8GXW8LG5WK7E9UD086 AmerisourceBergen Corporation 03073E105 155600 NS USD 15080752 0.007344 Long EC CORP US N 1 N N N Bristol-Myers Squibb Company HLYYNH7UQUORYSJQCN42 Bristol-Myers Squibb Company 110122108 395000 NS USD 23814550 0.011597 Long EC CORP US N 1 N N N Centene Corporation 549300Z7JJ4TQSQGT333 Centene Corporation 15135B101 231500 NS USD 13503395 0.006576 Long EC CORP US N 1 N N N CVS Health Corporation 549300EJG376EN5NQE29 CVS Health Corporation 126650100 159200 NS USD 9297280 0.004527 Long EC CORP US N 1 N N N Edwards Lifesciences Corporation YA13X31F3V31L8TMPR58 Edwards Lifesciences Corporation 28176E108 186300 NS USD 14870466 0.007241 Long EC CORP US N 1 N N N Eli Lilly and Company FRDRIPF3EKNDJ2CQJL29 Eli Lilly and Company 532457108 132000 NS USD 19538640 0.009515 Long EC CORP US N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 158300 NS USD 23567704 0.011477 Long EC CORP US N 1 N N N Merck & Co., Inc. 4YV9Y5M8S0BRK1RP0397 Merck & Co., Inc. 58933Y105 106800 NS USD 8859060 0.004314 Long EC CORP US N 1 N N N Thermo Fisher Scientific Inc. HCHV7422L5HDJZCRFL38 Thermo Fisher Scientific Inc. 883556102 93800 NS USD 41414576 0.020167 Long EC CORP US N 1 N N N Valero Energy Corporation 549300XTO5VR8SKV1V74 Valero Energy Corporation 91913Y100 69000 NS USD 2989080 0.001456 Long EC CORP US N 1 N N N UnitedHealth Group Incorporated 549300GHBMY8T5GXDE41 UnitedHealth Group Incorporated 91324P102 137900 NS USD 42993083 0.020936 Long EC CORP US N 1 N N N Vertex Pharmaceuticals Incorporated 54930015RAQRRZ5ZGJ91 Vertex Pharmaceuticals Incorporated 92532F100 52100 NS USD 14177452 0.006904 Long EC CORP US N 1 N N N Aon plc VVT2B79I2Z4U3R6BY589 Aon plc G0403H108 84800 NS USD 17494240 0.008519 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 060505104 1282300 NS USD 30890607 0.015043 Long EC CORP US N 1 N N N Berkshire Hathaway Inc. Class B 5493000C01ZX7D35SD85 Berkshire Hathaway Inc. Class B 084670702 82400 NS USD 17546256 0.008544 Long EC CORP US N 1 N N N Capital One Financial Corporation ZUE8T73ROZOF6FLBAR73 Capital One Financial Corporation 14040H105 185900 NS USD 13358774 0.006505 Long EC CORP US N 1 N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 Intercontinental Exchange, Inc. 45866F104 206600 NS USD 20670330 0.010066 Long EC CORP US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co. 46625H100 283800 NS USD 27321426 0.013304 Long EC CORP US N 1 N N N MetLife, Inc. C4BXATY60WC6XEOZDX54 MetLife, Inc. 59156R108 501300 NS USD 18633321 0.009074 Long EC CORP US N 1 N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 Morgan Stanley 617446448 358500 NS USD 17333475 0.008441 Long EC CORP US N 1 N N N Linde plc N/A Linde plc G5494J103 87000 NS USD 20717310 0.010089 Long EC CORP IE N 1 N N N S&P Global, Inc. N/A S&P Global, Inc. 78409V104 63200 NS USD 22789920 0.011098 Long EC CORP US N 1 N N N T. Rowe Price Group 549300SIV6FPS9Y7IH33 T. Rowe Price Group 74144T108 120900 NS USD 15501798 0.007549 Long EC CORP US N 1 N N N Accenture plc Class A 549300JY6CF6DO4YFQ03 Accenture plc Class A G1151C101 39500 NS USD 8926605 0.004347 Long EC CORP IE N 1 N N N Adobe Inc. FU4LY2G4933NH2E1CP29 Adobe Inc. 00724F101 66300 NS USD 32515509 0.015834 Long EC CORP US N 1 N N N Amphenol Corporation Class A 549300D3L3G0R4U4VT04 Amphenol Corporation Class A 032095101 39300 NS USD 4255011 0.002072 Long EC CORP US N 1 N N N Apple Inc. HWUPKR0MPOU8FGXBT394 Apple Inc. 037833100 1125100 NS USD 130297831 0.06345 Long EC CORP US N 1 N N N Applied Materials, Inc. 41BNNE1AFPNAZELZ6K07 Applied Materials, Inc. 038222105 184700 NS USD 10980415 0.005347 Long EC CORP US N 1 N N N CDW Corp. N/A CDW Corp. 12514G108 66900 NS USD 7996557 0.003894 Long EC CORP US N 1 N N N Cisco Systems, Inc. 8E6NF1YAL0WT6CWXXV93 Cisco Systems, Inc. 17275R102 292800 NS USD 11533392 0.005616 Long EC CORP US N 1 N N N Fidelity National Information Services, Inc. 6WQI0GK1PRFVBA061U48 Fidelity National Information Services, Inc. 31620M106 123700 NS USD 18209877 0.008868 Long EC CORP US N 1 N N N LyondellBasell Industries N.V. BN6WCCZ8OVP3ITUUVN49 LyondellBasell Industries N.V. N53745100 71800 NS USD 5061182 0.002465 Long EC CORP NL N 1 N N N Intel Corporation KNX4USFCNGPY45LOCE31 Intel Corporation 458140100 203200 NS USD 10521696 0.005124 Long EC CORP US N 1 N N N Lam Research Corporation 549300I4GMO6D34U1T02 Lam Research Corporation 512807108 44600 NS USD 14796050 0.007205 Long EC CORP US N 1 N N N Mastercard Incorporated Class A AR5L2ODV9HN37376R084 Mastercard Incorporated Class A 57636Q104 96400 NS USD 32599588 0.015875 Long EC CORP US N 1 N N N Microsoft Corporation INR2EJN1ERAN0W5ZP974 Microsoft Corporation 594918104 675900 NS USD 142162047 0.069227 Long EC CORP US N 1 N N N NVIDIA Corporation 549300S4KLFTLO7GSQ80 NVIDIA Corporation 67066G104 35900 NS USD 19429798 0.009462 Long EC CORP US N 1 N N N Oracle Corporation 1Z4GXXU7ZHVWFCD8TV52 Oracle Corporation 68389X105 122200 NS USD 7295340 0.003553 Long EC CORP US N 1 N N N PayPal Holdings Inc. 5493005X2GO78EFZ3E94 PayPal Holdings Inc. 70450Y103 42200 NS USD 8314666 0.004049 Long EC CORP US N 1 N N N QUALCOMM Incorporated H1J8DDZKZP6H7RWC0H53 QUALCOMM Incorporated 747525103 164200 NS USD 19323056 0.00941 Long EC CORP US N 1 N N N salesforce.com, inc. RCGZFPDMRW58VJ54VR07 salesforce.com, inc. 79466L302 41000 NS USD 10304120 0.005018 Long EC CORP US N 1 N N N Skyworks Solutions, Inc. 549300WZ3ORQ2BVKBD96 Skyworks Solutions, Inc. 83088M102 82500 NS USD 12003750 0.005845 Long EC CORP US N 1 N N N Sherwin-Williams Company Z15BMIOX8DDH0X2OBP21 Sherwin-Williams Company 824348106 20200 NS USD 14074148 0.006854 Long EC CORP US N 1 N N N Technology Select Sector SPDR Fund 549300BR5T0JNM2MW070 Technology Select Sector SPDR Fund 81369Y803 161300 NS USD 18823710 0.009166 Long EC RF US N 1 N N N VeriSign, Inc. LMPL4N8ZOJRMF0KOF759 VeriSign, Inc. 92343E102 58400 NS USD 11963240 0.005826 Long EC CORP US N 1 N N N Visa Inc. Class A 549300JZ4OKEHW3DPJ59 Visa Inc. Class A 92826C839 211700 NS USD 42333649 0.020615 Long EC CORP US N 1 N N N Activision Blizzard, Inc. 549300TPQQDBP9GNOF40 Activision Blizzard, Inc. 00507V109 139700 NS USD 11308715 0.005507 Long EC CORP US N 1 N N N Alphabet Inc. Class A 5493006MHB84DD0ZWV18 Alphabet Inc. Class A 02079K305 40100 NS USD 58770560 0.028619 Long EC CORP US N 1 N N N AT&T Inc. 549300Z40J86GGSTL398 AT&T Inc. 00206R102 457382 NS USD 13039960.82 0.00635 Long EC CORP US N 1 N N N Charter Communications, Inc. Class A 0J0XRGZE3PBRFEZ7MV65 Charter Communications, Inc. Class A 16119P108 23400 NS USD 14609556 0.007114 Long EC CORP US N 1 N N N Comcast Corporation Class A 51M0QTTNCGUN7KFCFZ59 Comcast Corporation Class A 20030N101 668200 NS USD 30910932 0.015052 Long EC CORP US N 1 N N N Facebook, Inc. Class A BQ4BKCS1HXDV9HN80Z93 Facebook, Inc. Class A 30303M102 196800 NS USD 51541920 0.025099 Long EC CORP US N 1 N N N Netflix, Inc. 549300Y7VHGU0I7CE873 Netflix, Inc. 64110L106 18900 NS USD 9450567 0.004602 Long EC CORP US N 1 N N N Caterpillar Inc. WRJR7GS4GTRECRRTVX92 Caterpillar Inc. 149123101 94100 NS USD 14035015 0.006835 Long EC CORP US N 1 N N N ViacomCBS Inc. Class B N/A ViacomCBS Inc. Class B 92556H206 196400 NS USD 5501164 0.002679 Long EC CORP US N 1 N N N Walt Disney Company 7260JQNI6SCF9FIV2392 Walt Disney Company 254687106 132700 NS USD 16465416 0.008018 Long EC CORP US N 1 N N N Alliant Energy Corporation N/A Alliant Energy Corporation 018802108 241400 NS USD 12468310 0.006072 Long EC CORP US N 1 N N N CMS Energy Corporation 549300IA9XFBAGNIBW29 CMS Energy Corporation 125896100 215200 NS USD 13215432 0.006435 Long EC CORP US N 1 N N N NextEra Energy, Inc. N/A NextEra Energy, Inc. 65339F101 81300 NS USD 22565628 0.010989 Long EC CORP US N 1 N N N Utilities Select Sector SPDR Fund 549300ERQDM80PRYUH21 Utilities Select Sector SPDR Fund 81369Y886 105400 NS USD 6258652 0.003048 Long EC RF US N 1 N N N WEC Energy Group Inc. 549300IGLYTZUK3PVP70 WEC Energy Group Inc. 92939U106 146400 NS USD 14186160 0.006908 Long EC CORP US N 1 N N N American Tower Corporation 5493006ORUSIL88JOE18 American Tower Corporation 03027X100 69400 NS USD 16776062 0.008169 Long EC CORP US N 1 N N N CBRE Group, Inc. Class A N/A CBRE Group, Inc. Class A 12504L109 141300 NS USD 6636861 0.003232 Long EC CORP US N 1 N N N Equinix, Inc. 549300EVUN2BTLJ3GT74 Equinix, Inc. 29444U700 13900 NS USD 10565807 0.005145 Long EC CORP US N 1 N N N Northern Institutional Treasury Portfolio N/A Northern Institutional Treasury Portfolio 665279808 574100.63 NS USD 574100.63 0.00028 Long STIV RF US N 1 N N N 2020-11-25 Adams Diversified Equity Fund, Inc. Christy Sloan Christy Sloan Assistant Treasurer XXXX NPORT-EX 2 tm2037133d7_adx-nportex.htm out - none - 2.9s
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ADAMS DIVERSIFIED EQUITY FUND, INC.
 
Schedule of Investments
​
September 30, 2020
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Common Stocks — 99.7% ​
Communication Services — 10.3%
 ​
Activision Blizzard, Inc.
 ​ ​ ​ ​ 139,700 ​ ​ ​ ​ $ 11,308,715 ​ ​
Alphabet Inc. Class A (b)
 ​ ​ ​ ​ 40,100 ​ ​ ​ ​ ​ 58,770,560 ​ ​
AT&T Inc.
 ​ ​ ​ ​ 457,382 ​ ​ ​ ​ ​ 13,039,961 ​ ​
Charter Communications, Inc. Class A (b)
 ​ ​ ​ ​ 23,400 ​ ​ ​ ​ ​ 14,609,556 ​ ​
Comcast Corporation Class A
 ​ ​ ​ ​ 668,200 ​ ​ ​ ​ ​ 30,910,932 ​ ​
Facebook, Inc. Class A (b)
 ​ ​ ​ ​ 196,800 ​ ​ ​ ​ ​ 51,541,920 ​ ​
Netflix, Inc. (b)
 ​ ​ ​ ​ 18,900 ​ ​ ​ ​ ​ 9,450,567 ​ ​
ViacomCBS Inc. Class B
 ​ ​ ​ ​ 196,400 ​ ​ ​ ​ ​ 5,501,164 ​ ​
Walt Disney Company
 ​ ​ ​ ​ 132,700 ​ ​ ​ ​ ​ 16,465,416 ​ ​
​ ​ ​ ​ ​ 211,598,791 ​ ​
Consumer Discretionary — 12.0%
 ​
Amazon.com, Inc. (b)
 ​ ​ ​ ​ 33,900 ​ ​ ​ ​ ​ 106,741,947 ​ ​
Chipotle Mexican Grill, Inc. (b)
 ​ ​ ​ ​ 11,500 ​ ​ ​ ​ ​ 14,302,665 ​ ​
Dick’s Sporting Goods, Inc.
 ​ ​ ​ ​ 132,800 ​ ​ ​ ​ ​ 7,686,464 ​ ​
General Motors Company
​ ​ ​ ​ 196,300 ​ ​ ​ ​ ​ 5,808,517 ​ ​
Hilton Worldwide Holdings, Inc.
​ ​ ​ ​ 114,400 ​ ​ ​ ​ ​ 9,760,608 ​ ​
Home Depot, Inc.
 ​ ​ ​ ​ 118,100 ​ ​ ​ ​ ​ 32,797,551 ​ ​
Las Vegas Sands Corp.
​ ​ ​ ​ 180,700 ​ ​ ​ ​ ​ 8,431,462 ​ ​
Lowe’s Companies, Inc.
 ​ ​ ​ ​ 123,900 ​ ​ ​ ​ ​ 20,550,054 ​ ​
Magna International Inc.
 ​ ​ ​ ​ 129,400 ​ ​ ​ ​ ​ 5,920,050 ​ ​
NVR, Inc. (b)
 ​ ​ ​ ​ 1,800 ​ ​ ​ ​ ​ 7,349,616 ​ ​
Target Corporation
 ​ ​ ​ ​ 169,700 ​ ​ ​ ​ ​ 26,714,174 ​ ​
​ ​ ​ ​ 246,063,108 ​ ​
Consumer Staples — 7.1%
 ​
Coca-Cola Company
 ​ ​ ​ ​ 600,400 ​ ​ ​ ​ ​ 29,641,748 ​ ​
Costco Wholesale Corporation
 ​ ​ ​ ​ 63,600 ​ ​ ​ ​ ​ 22,578,000 ​ ​
Mondelez International, Inc. Class A
 ​ ​ ​ ​ 348,100 ​ ​ ​ ​ ​ 19,998,345 ​ ​
PepsiCo, Inc.
 ​ ​ ​ ​ 118,700 ​ ​ ​ ​ ​ 16,451,820 ​ ​
Philip Morris International Inc.
 ​ ​ ​ ​ 263,500 ​ ​ ​ ​ ​ 19,759,865 ​ ​
Procter & Gamble Company
 ​ ​ ​ ​ 115,350 ​ ​ ​ ​ ​ 16,032,496 ​ ​
Walmart Inc.
 ​ ​ ​ ​ 151,100 ​ ​ ​ ​ ​ 21,140,401 ​ ​
​ ​ ​ ​ ​ 145,602,675 ​ ​
Energy — 2.2%
 ​
Adams Natural Resources Fund, Inc. (c)(g)
 ​ ​ ​ ​ 2,186,774 ​ ​ ​ ​ ​ 21,386,650 ​ ​
Chevron Corporation
 ​ ​ ​ ​ 140,200 ​ ​ ​ ​ ​ 10,094,400 ​ ​
ConocoPhillips
 ​ ​ ​ ​ 210,300 ​ ​ ​ ​ ​ 6,906,252 ​ ​
Exxon Mobil Corporation
 ​ ​ ​ ​ 86,700 ​ ​ ​ ​ ​ 2,976,411 ​ ​
Valero Energy Corporation
 ​ ​ ​ ​ 69,000 ​ ​ ​ ​ ​ 2,989,080 ​ ​
​ ​ ​ ​ 44,352,793 ​ ​
​
Schedule of Investments (continued)
​
September 30, 2020
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Financials — 9.8%
 ​
Aon plc
 ​ ​ ​ ​ 84,800 ​ ​ ​ ​ $ 17,494,240 ​ ​
Bank of America Corp.
 ​ ​ ​ ​ 1,282,300 ​ ​ ​ ​ ​ 30,890,607 ​ ​
Berkshire Hathaway Inc. Class B (b)
 ​ ​ ​ ​ 82,400 ​ ​ ​ ​ ​ 17,546,256 ​ ​
Capital One Financial Corporation
 ​ ​ ​ ​ 185,900 ​ ​ ​ ​ ​ 13,358,774 ​ ​
Intercontinental Exchange, Inc.
 ​ ​ ​ ​ 206,600 ​ ​ ​ ​ ​ 20,670,330 ​ ​
JPMorgan Chase & Co.
 ​ ​ ​ ​ 283,800 ​ ​ ​ ​ ​ 27,321,426 ​ ​
MetLife, Inc.
 ​ ​ ​ ​ 501,300 ​ ​ ​ ​ ​ 18,633,321 ​ ​
Morgan Stanley
 ​ ​ ​ ​ 358,500 ​ ​ ​ ​ ​ 17,333,475 ​ ​
S&P Global, Inc.
 ​ ​ ​ ​ 63,200 ​ ​ ​ ​ ​ 22,789,920 ​ ​
T. Rowe Price Group
 ​ ​ ​ ​ 120,900 ​ ​ ​ ​ ​ 15,501,798 ​ ​
​ ​ ​ ​ ​ 201,540,147 ​ ​
Health Care — 14.1%
 ​
Abbott Laboratories
 ​ ​ ​ ​ 256,400 ​ ​ ​ ​ ​ 27,904,012 ​ ​
AbbVie, Inc.
 ​ ​ ​ ​ 281,100 ​ ​ ​ ​ ​ 24,621,549 ​ ​
Alexion Pharmaceuticals, Inc. (b)
 ​ ​ ​ ​ 91,200 ​ ​ ​ ​ ​ 10,436,016 ​ ​
AmerisourceBergen Corporation
 ​ ​ ​ ​ 155,600 ​ ​ ​ ​ ​ 15,080,752 ​ ​
Bristol-Myers Squibb Company
 ​ ​ ​ ​ 395,000 ​ ​ ​ ​ ​ 23,814,550 ​ ​
Centene Corporation (b)
 ​ ​ ​ ​ 231,500 ​ ​ ​ ​ ​ 13,503,395 ​ ​
CVS Health Corporation
 ​ ​ ​ ​ 159,200 ​ ​ ​ ​ ​ 9,297,280 ​ ​
Edwards Lifesciences Corporation (b)
 ​ ​ ​ ​ 186,300 ​ ​ ​ ​ ​ 14,870,466 ​ ​
Eli Lilly and Company
 ​ ​ ​ ​ 132,000 ​ ​ ​ ​ ​ 19,538,640 ​ ​
Johnson & Johnson
 ​ ​ ​ ​ 158,300 ​ ​ ​ ​ ​ 23,567,704 ​ ​
Merck & Co., Inc.
 ​ ​ ​ ​ 106,800 ​ ​ ​ ​ ​ 8,859,060 ​ ​
Thermo Fisher Scientific Inc.
 ​ ​ ​ ​ 93,800 ​ ​ ​ ​ ​ 41,414,576 ​ ​
UnitedHealth Group Incorporated
 ​ ​ ​ ​ 137,900 ​ ​ ​ ​ ​ 42,993,083 ​ ​
Vertex Pharmaceuticals Incorporated (b)
 ​ ​ ​ ​ 52,100 ​ ​ ​ ​ ​ 14,177,452 ​ ​
​ ​ ​ ​ 290,078,535 ​ ​
Industrials — 8.2%
 ​
Caterpillar Inc.
 ​ ​ ​ ​ 94,100 ​ ​ ​ ​ ​ 14,035,015 ​ ​
Cintas Corporation
 ​ ​ ​ ​ 23,800 ​ ​ ​ ​ ​ 7,921,354 ​ ​
Honeywell International Inc.
 ​ ​ ​ ​ 149,800 ​ ​ ​ ​ ​ 24,658,578 ​ ​
Industrial Select Sector SPDR Fund
 ​ ​ ​ ​ 192,100 ​ ​ ​ ​ ​ 14,787,858 ​ ​
Kansas City Southern
 ​ ​ ​ ​ 76,700 ​ ​ ​ ​ ​ 13,869,661 ​ ​
L3Harris Technologies Inc.
 ​ ​ ​ ​ 88,800 ​ ​ ​ ​ ​ 15,081,792 ​ ​
Lincoln Electric Holdings, Inc.
 ​ ​ ​ ​ 111,800 ​ ​ ​ ​ ​ 10,290,072 ​ ​
Parker-Hannifin Corporation
 ​ ​ ​ ​ 73,500 ​ ​ ​ ​ ​ 14,871,990 ​ ​
Raytheon Technologies Corporation
 ​ ​ ​ ​ 299,300 ​ ​ ​ ​ ​ 17,221,722 ​ ​
Union Pacific Corporation
 ​ ​ ​ ​ 142,400 ​ ​ ​ ​ ​ 28,034,288 ​ ​
United Rentals, Inc. (b)
 ​ ​ ​ ​ 43,800 ​ ​ ​ ​ ​ 7,643,100 ​ ​
​ ​ ​ ​ ​ 168,415,430 ​ ​
​
​
Schedule of Investments (continued)
​
September 30, 2020
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Information Technology — 28.0%
 ​
Accenture plc Class A
 ​ ​ ​ ​ 39,500 ​ ​ ​ ​ $ 8,926,605 ​ ​
Adobe Inc. (b)
 ​ ​ ​ ​ 66,300 ​ ​ ​ ​ ​ 32,515,509 ​ ​
Amphenol Corporation Class A
 ​ ​ ​ ​ 39,300 ​ ​ ​ ​ ​ 4,255,011 ​ ​
Apple Inc.
 ​ ​ ​ ​ 1,125,100 ​ ​ ​ ​ ​ 130,297,831 ​ ​
Applied Materials, Inc.
 ​ ​ ​ ​ 184,700 ​ ​ ​ ​ ​ 10,980,415 ​ ​
CDW Corp.
 ​ ​ ​ ​ 66,900 ​ ​ ​ ​ ​ 7,996,557 ​ ​
Cisco Systems, Inc.
 ​ ​ ​ ​ 292,800 ​ ​ ​ ​ ​ 11,533,392 ​ ​
Fidelity National Information Services, Inc.
 ​ ​ ​ ​ 123,700 ​ ​ ​ ​ ​ 18,209,877 ​ ​
Intel Corporation
 ​ ​ ​ ​ 203,200 ​ ​ ​ ​ ​ 10,521,696 ​ ​
Lam Research Corporation
 ​ ​ ​ ​ 44,600 ​ ​ ​ ​ ​ 14,796,050 ​ ​
Mastercard Incorporated Class A
 ​ ​ ​ ​ 96,400 ​ ​ ​ ​ ​ 32,599,588 ​ ​
Microsoft Corporation
 ​ ​ ​ ​ 675,900 ​ ​ ​ ​ ​ 142,162,047 ​ ​
NVIDIA Corporation
 ​ ​ ​ ​ 35,900 ​ ​ ​ ​ ​ 19,429,798 ​ ​
Oracle Corporation
 ​ ​ ​ ​ 122,200 ​ ​ ​ ​ ​ 7,295,340 ​ ​
PayPal Holdings Inc. (b)
 ​ ​ ​ ​ 42,200 ​ ​ ​ ​ ​ 8,314,666 ​ ​
QUALCOMM Incorporated
 ​ ​ ​ ​ 164,200 ​ ​ ​ ​ ​ 19,323,056 ​ ​
salesforce.com, inc. (b)
 ​ ​ ​ ​ 41,000 ​ ​ ​ ​ ​ 10,304,120 ​ ​
Skyworks Solutions, Inc.
 ​ ​ ​ ​ 82,500 ​ ​ ​ ​ ​ 12,003,750 ​ ​
Technology Select Sector SPDR Fund
 ​ ​ ​ ​ 161,300 ​ ​ ​ ​ ​ 18,823,710 ​ ​
VeriSign, Inc. (b)
 ​ ​ ​ ​ 58,400 ​ ​ ​ ​ ​ 11,963,240 ​ ​
Visa Inc. Class A
 ​ ​ ​ ​ 211,700 ​ ​ ​ ​ ​ 42,333,649 ​ ​
​ ​ ​ ​ ​ 574,585,907 ​ ​
Materials — 1.9%
 ​
Linde plc
 ​ ​ ​ ​ 87,000 ​ ​ ​ ​ ​ 20,717,310 ​ ​
LyondellBasell Industries N.V.
 ​ ​ ​ ​ 71,800 ​ ​ ​ ​ ​ 5,061,182 ​ ​
Sherwin-Williams Company
 ​ ​ ​ ​ 20,200 ​ ​ ​ ​ ​ 14,074,148 ​ ​
​ ​ ​ ​ ​ 39,852,640 ​ ​
Real Estate — 2.8%
 ​
American Tower Corporation
 ​ ​ ​ ​ 69,400 ​ ​ ​ ​ ​ 16,776,062 ​ ​
CBRE Group, Inc. Class A (b)
 ​ ​ ​ ​ 141,300 ​ ​ ​ ​ ​ 6,636,861 ​ ​
Equinix, Inc.
 ​ ​ ​ ​ 13,900 ​ ​ ​ ​ ​ 10,565,807 ​ ​
Prologis, Inc.
 ​ ​ ​ ​ 168,100 ​ ​ ​ ​ ​ 16,914,222 ​ ​
Simon Property Group, Inc.
 ​ ​ ​ ​ 93,800 ​ ​ ​ ​ ​ 6,066,984 ​ ​
​ ​ ​ ​ ​ 56,959,936 ​ ​
Utilities — 3.3%
 ​
Alliant Energy Corporation
 ​ ​ ​ ​ 241,400 ​ ​ ​ ​ ​ 12,468,310 ​ ​
CMS Energy Corporation
 ​ ​ ​ ​ 215,200 ​ ​ ​ ​ ​ 13,215,432 ​ ​
NextEra Energy, Inc.
 ​ ​ ​ ​ 81,300 ​ ​ ​ ​ ​ 22,565,628 ​ ​
Utilities Select Sector SPDR Fund
 ​ ​ ​ ​ 105,400 ​ ​ ​ ​ ​ 6,258,652 ​ ​
WEC Energy Group Inc.
 ​ ​ ​ ​ 146,400 ​ ​ ​ ​ ​ 14,186,160 ​ ​
​ ​ ​ ​ ​ 68,694,182 ​ ​
​
​
Schedule of Investments (continued)
​
September 30, 2020
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Total Common Stocks ​
(Cost $1,300,470,437)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,047,744,144
Other Investments — 0.0% ​
Financials — 0.0%
 ​
Adams Funds Advisers, LLC (b)(d)(g)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $150,000)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 466,000
Short-Term Investments — 0.3% ​
Money Market Funds — 0.3%
 ​
Morgan Stanley Institutional Liquidity Funds Prime Portfolio, 0.16% (e)
 ​ ​ ​ ​ 5,709,795 ​ ​ ​ ​ ​ 5,710,366
Northern Institutional Treasury Portfolio, 0.04% (e)
 ​ ​ ​ ​ 574,101 ​ ​ ​ ​ ​ 574,101
Total Short-Term Investments ​
(Cost $6,282,699)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 6,284,467
Total — 100.0% ​
(Cost $1,306,903,136)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,054,494,611
Other Assets Less Liabilities — 0.0% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (942,408 )
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,053,552,203
​
​
​
Schedule of Investments (continued)
​
September 30, 2020
(unaudited)
Total Return Swap Agreements — 0.1%
Description
 ​ ​
​ ​ ​ ​ ​ ​
Value and
Unrealized
Appreciation
(Assets)
​ ​
Value and
Unrealized
Depreciation
(Liabilities)
​
Terms
 ​ ​
Contract
Type
 ​ ​
Underlying
Security
 ​ ​
Termination
Date
​ ​
Notional
Amount
​
Receive total return on underlying
security and pay financing
amount based on notional
amount and daily U.S. Federal
Funds rate plus 0.55%.
 ​ ​
Long
​ ​ Procter & Gamble Company (160,300 shares) ​ ​
7/26/2021
 ​ ​ ​ $ 18,870,468 ​ ​ ​ ​ $ 3,504,399 ​ ​ ​ ​ $ — ​ ​
Pay total return on underlying security and receive financing amount based on notional amount and daily U.S. Federal Funds rate less 0.45%.
 ​ ​
Short
 ​ ​ Consumer Staples Select
Sector SPDR Fund
(323,200 shares)		 ​ ​
7/26/2021
 ​ ​ ​ ​ (18,812,923) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (2,043,691) ​ ​
   ​ ​ ​ ​    ​ ​ ​ ​ ​    ​ ​
Gross unrealized gain (loss) on open total return swap agreements ​ ​ ​ $ 3,504,399 ​ ​ ​ ​ $ (2,043,691) ​ ​
Net unrealized gain on open total return swap agreements (f) ​ ​ ​ $ 1,460,708 ​ ​ ​ ​ ​ ​ ​ ​
​
(a)
Common stocks are listed on the New York Stock Exchange or NASDAQ and are valued at the last reported sale price on the day of valuation.
​
(b)
Presently non-dividend paying.
​
(c)
Non-controlled affiliate, a closed-end sector fund, registered as an investment company under the Investment Company Act of 1940.
​
(d)
Controlled affiliate valued using fair value procedures.
​
(e)
Rate presented is as of period-end and represents the annualized yield earned over the previous seven days.
​
(f)
Counterparty for all open total return swap agreements is Morgan Stanley. At September 30, 2020, $1,500,000 in cash collateral was held by the Fund.
​
(g)
During the nine months ended September 30, 2020, investments in affiliates were as follows:
​

 

Affiliate  Shares held   Net realized gain (loss) and capital gain distributions   Dividend income   Change in unrealized appreciation   Value
September 30, 2020		 
Adams Funds Advisers, LLC (controlled)   n/a   $-   $-   $-   $466,000 
Adams Natural Resources Fund, Inc. (non-controlled)   2,186,774    65,603    590,429    (14,607,650)   21,386,650 
Total       $65,603   $590,429   $(14,607,650)  $21,852,650 

 

Information regarding transactions in equity securities during the quarter can be found on our website at: www.adamsfunds.com.