NPORT-EX 2 tm2114163-7_adx.htm
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Schedule of Investments
​
March 31, 2021
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Common Stocks — 99.6% ​
Communication Services — 11.0%
 ​
Activision Blizzard, Inc.
 ​ ​ ​ ​ 126,000 ​ ​ ​ ​ $ 11,718,000 ​ ​
Alphabet Inc. Class A (b)
 ​ ​ ​ ​ 45,400 ​ ​ ​ ​ ​ 93,638,408 ​ ​
AT&T Inc.
 ​ ​ ​ ​ 237,882 ​ ​ ​ ​ ​ 7,200,688 ​ ​
Comcast Corporation Class A
 ​ ​ ​ ​ 710,700 ​ ​ ​ ​ ​ 38,455,977 ​ ​
Facebook, Inc. Class A (b)
 ​ ​ ​ ​ 189,700 ​ ​ ​ ​ ​ 55,872,341 ​ ​
Netflix, Inc. (b)
 ​ ​ ​ ​ 25,331 ​ ​ ​ ​ ​ 13,214,169 ​ ​
T-Mobile US, Inc. (b)
 ​ ​ ​ ​ 101,500 ​ ​ ​ ​ ​ 12,716,935 ​ ​
Walt Disney Company
​ ​ ​ ​ 132,700 ​ ​ ​ ​ ​ 24,485,804 ​ ​
​ ​ ​ ​ ​ 257,302,322 ​ ​
Consumer Discretionary — 11.7%
 ​
Amazon.com, Inc. (b)
 ​ ​ ​ ​ 31,700 ​ ​ ​ ​ ​ 98,082,336 ​ ​
Chipotle Mexican Grill, Inc. (b)
 ​ ​ ​ ​ 10,700 ​ ​ ​ ​ ​ 15,202,774 ​ ​
General Motors Company (b)
 ​ ​ ​ ​ 196,300 ​ ​ ​ ​ ​ 11,279,398 ​ ​
Hilton Worldwide Holdings, Inc. (b)
 ​ ​ ​ ​ 114,400 ​ ​ ​ ​ ​ 13,833,248 ​ ​
Home Depot, Inc.
 ​ ​ ​ ​ 27,300 ​ ​ ​ ​ ​ 8,333,325 ​ ​
Lowe’s Companies, Inc.
 ​ ​ ​ ​ 81,600 ​ ​ ​ ​ ​ 15,518,688 ​ ​
O’Reilly Automotive, Inc. (b)
 ​ ​ ​ ​ 29,700 ​ ​ ​ ​ ​ 15,065,325 ​ ​
Target Corporation
 ​ ​ ​ ​ 144,300 ​ ​ ​ ​ ​ 28,581,501 ​ ​
Tesla Motors, Inc. (b)
 ​ ​ ​ ​ 36,600 ​ ​ ​ ​ ​ 24,446,238 ​ ​
TJX Companies, Inc.
 ​ ​ ​ ​ 280,700 ​ ​ ​ ​ ​ 18,568,305 ​ ​
Ulta Beauty, Inc. (b)
 ​ ​ ​ ​ 37,700 ​ ​ ​ ​ ​ 11,655,709 ​ ​
V.F. Corporation
 ​ ​ ​ ​ 187,400 ​ ​ ​ ​ ​ 14,977,008 ​ ​
​ ​ ​ ​ ​ 275,543,855 ​ ​
Consumer Staples — 6.1%
 ​
Coca-Cola Company
 ​ ​ ​ ​ 268,200 ​ ​ ​ ​ ​ 14,136,822 ​ ​
Constellation Brands, Inc. Class A
 ​ ​ ​ ​ 52,400 ​ ​ ​ ​ ​ 11,947,200 ​ ​
Costco Wholesale Corporation
 ​ ​ ​ ​ 53,000 ​ ​ ​ ​ ​ 18,681,440 ​ ​
Lamb Weston Holdings, Inc.
 ​ ​ ​ ​ 229,800 ​ ​ ​ ​ ​ 17,804,904 ​ ​
Monster Beverage Corporation (b)
 ​ ​ ​ ​ 160,900 ​ ​ ​ ​ ​ 14,656,381 ​ ​
PepsiCo, Inc.
 ​ ​ ​ ​ 78,800 ​ ​ ​ ​ ​ 11,146,260 ​ ​
Philip Morris International Inc.
 ​ ​ ​ ​ 309,700 ​ ​ ​ ​ ​ 27,482,778 ​ ​
Post Holdings, Inc. (b)
 ​ ​ ​ ​ 117,000 ​ ​ ​ ​ ​ 12,369,240 ​ ​
Procter & Gamble Company
 ​ ​ ​ ​ 115,350 ​ ​ ​ ​ ​ 15,621,851 ​ ​
​ ​ ​ ​ 143,846,876 ​ ​
Energy — 3.2%
 ​
Adams Natural Resources Fund, Inc. (c)(f)
 ​ ​ ​ ​ 2,186,774 ​ ​ ​ ​ ​ 32,167,446 ​ ​
ConocoPhillips
 ​ ​ ​ ​ 314,800 ​ ​ ​ ​ ​ 16,674,956 ​ ​
Hess Corporation
 ​ ​ ​ ​ 190,800 ​ ​ ​ ​ ​ 13,501,008 ​ ​
Schlumberger N.V.
 ​ ​ ​ ​ 489,900 ​ ​ ​ ​ ​ 13,320,381 ​ ​
​ ​ ​ ​ 75,663,791 ​ ​
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Schedule of Investments (continued)
​
March 31, 2021
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Financials — 11.7%
 ​
Bank of America Corp.
 ​ ​ ​ ​ 1,148,400 ​ ​ ​ ​ $ 44,431,596 ​ ​
Berkshire Hathaway Inc. Class B (b)
 ​ ​ ​ ​ 169,600 ​ ​ ​ ​ ​ 43,327,712 ​ ​
Capital One Financial Corporation
 ​ ​ ​ ​ 185,200 ​ ​ ​ ​ ​ 23,562,996 ​ ​
Intercontinental Exchange, Inc.
 ​ ​ ​ ​ 94,800 ​ ​ ​ ​ ​ 10,587,264 ​ ​
JPMorgan Chase & Co.
 ​ ​ ​ ​ 300,700 ​ ​ ​ ​ ​ 45,775,561 ​ ​
MetLife, Inc.
 ​ ​ ​ ​ 521,400 ​ ​ ​ ​ ​ 31,695,906 ​ ​
Morgan Stanley
 ​ ​ ​ ​ 413,800 ​ ​ ​ ​ ​ 32,135,708 ​ ​
T. Rowe Price Group
 ​ ​ ​ ​ 106,700 ​ ​ ​ ​ ​ 18,309,720 ​ ​
Wells Fargo & Company
 ​ ​ ​ ​ 665,700 ​ ​ ​ ​ ​ 26,008,899 ​ ​
​ ​ ​ ​ ​ 275,835,362 ​ ​
Health Care — 13.2%
 ​
Abbott Laboratories
 ​ ​ ​ ​ 256,400 ​ ​ ​ ​ ​ 30,726,976 ​ ​
AbbVie, Inc.
 ​ ​ ​ ​ 240,900 ​ ​ ​ ​ ​ 26,070,198 ​ ​
Alexion Pharmaceuticals, Inc. (b)
 ​ ​ ​ ​ 91,200 ​ ​ ​ ​ ​ 13,945,392 ​ ​
AmerisourceBergen Corporation
 ​ ​ ​ ​ 155,600 ​ ​ ​ ​ ​ 18,371,692 ​ ​
Bristol-Myers Squibb Company
 ​ ​ ​ ​ 270,300 ​ ​ ​ ​ ​ 17,064,039 ​ ​
Centene Corporation (b)
 ​ ​ ​ ​ 134,800 ​ ​ ​ ​ ​ 8,615,068 ​ ​
CVS Health Corporation
 ​ ​ ​ ​ 251,800 ​ ​ ​ ​ ​ 18,942,914 ​ ​
Edwards Lifesciences Corporation (b)
 ​ ​ ​ ​ 186,300 ​ ​ ​ ​ ​ 15,582,132 ​ ​
Eli Lilly and Company
 ​ ​ ​ ​ 132,000 ​ ​ ​ ​ ​ 24,660,240 ​ ​
IDEXX Laboratories, Inc. (b)
 ​ ​ ​ ​ 13,800 ​ ​ ​ ​ ​ 6,752,478 ​ ​
Johnson & Johnson
 ​ ​ ​ ​ 145,400 ​ ​ ​ ​ ​ 23,896,490 ​ ​
Thermo Fisher Scientific Inc.
 ​ ​ ​ ​ 89,000 ​ ​ ​ ​ ​ 40,617,820 ​ ​
UnitedHealth Group Incorporated
 ​ ​ ​ ​ 132,100 ​ ​ ​ ​ ​ 49,150,447 ​ ​
Vertex Pharmaceuticals Incorporated (b)
 ​ ​ ​ ​ 71,200 ​ ​ ​ ​ ​ 15,300,168 ​ ​
​ ​ ​ ​ ​ 309,696,054 ​ ​
Industrials — 9.1%
 ​
Alaska Air Group, Inc. (b)
 ​ ​ ​ ​ 179,200 ​ ​ ​ ​ ​ 12,402,432 ​ ​
Boeing Company (b)
 ​ ​ ​ ​ 97,800 ​ ​ ​ ​ ​ 24,911,616 ​ ​
Carrier Global Corporation
 ​ ​ ​ ​ 392,600 ​ ​ ​ ​ ​ 16,575,572 ​ ​
Caterpillar Inc.
 ​ ​ ​ ​ 126,800 ​ ​ ​ ​ ​ 29,401,116 ​ ​
Honeywell International Inc.
 ​ ​ ​ ​ 127,800 ​ ​ ​ ​ ​ 27,741,546 ​ ​
Huntington Ingalls Industries, Inc.
 ​ ​ ​ ​ 64,000 ​ ​ ​ ​ ​ 13,174,400 ​ ​
Kansas City Southern
 ​ ​ ​ ​ 48,300 ​ ​ ​ ​ ​ 12,747,336 ​ ​
Knight-Swift Transportation Holdings Inc.
 ​ ​ ​ ​ 254,000 ​ ​ ​ ​ ​ 12,214,860 ​ ​
Parker-Hannifin Corporation
 ​ ​ ​ ​ 73,500 ​ ​ ​ ​ ​ 23,184,105 ​ ​
Raytheon Technologies Corporation
 ​ ​ ​ ​ 209,800 ​ ​ ​ ​ ​ 16,211,246 ​ ​
Union Pacific Corporation
 ​ ​ ​ ​ 51,700 ​ ​ ​ ​ ​ 11,395,197 ​ ​
United Rentals, Inc. (b)
 ​ ​ ​ ​ 43,800 ​ ​ ​ ​ ​ 14,423,778 ​ ​
​ ​ ​ ​ ​ 214,383,204 ​ ​
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Schedule of Investments (continued)
​
March 31, 2021
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Information Technology — 26.3%
 ​
Accenture plc Class A
 ​ ​ ​ ​ 39,500 ​ ​ ​ ​ $ 10,911,875 ​ ​
Adobe Inc. (b)
 ​ ​ ​ ​ 55,800 ​ ​ ​ ​ ​ 26,525,646 ​ ​
Amphenol Corporation Class A
 ​ ​ ​ ​ 219,800 ​ ​ ​ ​ ​ 14,500,206 ​ ​
Apple Inc.
 ​ ​ ​ ​ 1,065,400 ​ ​ ​ ​ ​ 130,138,610 ​ ​
Arista Networks, Inc. (b)
 ​ ​ ​ ​ 44,700 ​ ​ ​ ​ ​ 13,494,483 ​ ​
CDW Corp.
 ​ ​ ​ ​ 66,900 ​ ​ ​ ​ ​ 11,088,675 ​ ​
Cisco Systems, Inc.
 ​ ​ ​ ​ 271,900 ​ ​ ​ ​ ​ 14,059,949 ​ ​
Fair Isaac Corporation (b)
 ​ ​ ​ ​ 24,600 ​ ​ ​ ​ ​ 11,956,830 ​ ​
Intuit Inc.
 ​ ​ ​ ​ 52,100 ​ ​ ​ ​ ​ 19,957,426 ​ ​
Lam Research Corporation
 ​ ​ ​ ​ 44,600 ​ ​ ​ ​ ​ 26,547,704 ​ ​
Mastercard Incorporated Class A
 ​ ​ ​ ​ 110,500 ​ ​ ​ ​ ​ 39,343,525 ​ ​
Microchip Technology Incorporated
 ​ ​ ​ ​ 113,200 ​ ​ ​ ​ ​ 17,570,904 ​ ​
Micron Technology, Inc. (b)
 ​ ​ ​ ​ 276,300 ​ ​ ​ ​ ​ 24,372,423 ​ ​
Microsoft Corporation
 ​ ​ ​ ​ 618,100 ​ ​ ​ ​ ​ 145,729,437 ​ ​
NVIDIA Corporation
 ​ ​ ​ ​ 58,100 ​ ​ ​ ​ ​ 31,021,333 ​ ​
Oracle Corporation
 ​ ​ ​ ​ 122,200 ​ ​ ​ ​ ​ 8,574,774 ​ ​
PayPal Holdings Inc. (b)
 ​ ​ ​ ​ 42,200 ​ ​ ​ ​ ​ 10,247,848 ​ ​
QUALCOMM Incorporated
 ​ ​ ​ ​ 157,500 ​ ​ ​ ​ ​ 20,882,925 ​ ​
Visa Inc. Class A
 ​ ​ ​ ​ 189,600 ​ ​ ​ ​ ​ 40,144,008 ​ ​
​ ​ ​ ​ ​ 617,068,581 ​ ​
Materials — 2.4%
 ​
Air Products and Chemicals, Inc.
 ​ ​ ​ ​ 15,900 ​ ​ ​ ​ ​ 4,473,306 ​ ​
DuPont de Nemours, Inc.
 ​ ​ ​ ​ 177,700 ​ ​ ​ ​ ​ 13,732,656 ​ ​
LyondellBasell Industries N.V.
 ​ ​ ​ ​ 114,800 ​ ​ ​ ​ ​ 11,944,940 ​ ​
Sherwin-Williams Company
 ​ ​ ​ ​ 20,200 ​ ​ ​ ​ ​ 14,907,802 ​ ​
Steel Dynamics, Inc.
 ​ ​ ​ ​ 235,200 ​ ​ ​ ​ ​ 11,938,752 ​ ​
​ ​ ​ ​ ​ 56,997,456 ​ ​
Real Estate — 2.3%
 ​
CBRE Group, Inc. Class A (b)
 ​ ​ ​ ​ 126,000 ​ ​ ​ ​ ​ 9,967,860 ​ ​
Equinix, Inc.
 ​ ​ ​ ​ 19,600 ​ ​ ​ ​ ​ 13,319,964 ​ ​
Prologis, Inc.
 ​ ​ ​ ​ 92,800 ​ ​ ​ ​ ​ 9,836,800 ​ ​
Simon Property Group, Inc.
 ​ ​ ​ ​ 91,900 ​ ​ ​ ​ ​ 10,455,463 ​ ​
Weyerhaeuser Company
 ​ ​ ​ ​ 292,700 ​ ​ ​ ​ ​ 10,420,120 ​ ​
​ ​ ​ ​ ​ 54,000,207 ​ ​
Utilities — 2.6%
 ​
CMS Energy Corporation
 ​ ​ ​ ​ 180,800 ​ ​ ​ ​ ​ 11,068,576 ​ ​
Edison International
 ​ ​ ​ ​ 198,100 ​ ​ ​ ​ ​ 11,608,660 ​ ​
NextEra Energy, Inc.
 ​ ​ ​ ​ 124,100 ​ ​ ​ ​ ​ 9,383,201 ​ ​
Public Service Enterprise Group Incorporated
 ​ ​ ​ ​ 233,900 ​ ​ ​ ​ ​ 14,083,119 ​ ​
Southern Company
 ​ ​ ​ ​ 222,800 ​ ​ ​ ​ ​ 13,849,248 ​ ​
​ ​ ​ ​ ​ 59,992,804 ​ ​
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3
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Schedule of Investments (continued)
​
March 31, 2021
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Total Common Stocks ​
(Cost $1,384,876,617)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,340,330,512
Other Investments — 0.0% ​
Financials — 0.0%
 ​
Adams Funds Advisers, LLC (b)(d)(f)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $150,000)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 466,000
Short-Term Investments — 0.4% ​
Money Market Funds — 0.4%
 ​
Morgan Stanley Institutional Liquidity Funds Prime Portfolio, 0.06% (e)
 ​ ​ ​ ​ 6,310,495 ​ ​ ​ ​ ​ 6,311,757
Northern Institutional Treasury Portfolio, 0.01% (e)
 ​ ​ ​ ​ 2,037,081 ​ ​ ​ ​ ​ 2,037,081
Total Short-Term Investments ​
(Cost $8,346,439)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 8,348,838
Total — 100.0% ​
(Cost $1,393,373,056)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,349,145,350
Other Assets Less Liabilities — (0.0)% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (158,608 )
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,348,986,742
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(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)
During the three months ended March 31, 2021, investments in affiliates were as follows:
​
Affilate   Shares held   Net realized gain (loss) and capital gain distributions   Dividend income   Change in unrealized appreciation   Value March 31, 2021
Adams Funds Advisers, LLC (controlled)   n/a    $                          -       $                         -       $               -       $       466,000
Adams Natural Resources Fund, Inc. (non-controlled)   2,186,774                       65,603                    153,074         7,303,826        32,167,446
Total        $                 65,603    $              153,074    $  7,303,826    $ 32,633,446
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Information regarding transactions in equity securities during the quarter can be found on our website at: www.adamsfunds.com.
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