0001104659-21-144427.txt : 20211129 0001104659-21-144427.hdr.sgml : 20211129 20211129161117 ACCESSION NUMBER: 0001104659-21-144427 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210930 FILED AS OF DATE: 20211129 PERIOD START: 20211231 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: 211456258 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 2021-12-31 2021-09-30 N 2547356570 9037761 2538318809 0 0 0 0 0 0 0 0 0 0 0 0 0 693833.000000000000 N Adams Natural Resources Fund, Inc. 549300LPTQAH0G3NGD42 Adams Natural Resources Fund, Inc. 00548F105 2186774 NS USD 34310484.06 1.3517 Long EC RF US N 1 N N N Allegion plc N/A Allegion plc G0176J109 101900 NS USD 13469142 0.5306 Long EC CORP US N 1 N N N Morgan Stanley Institutional Liquidity Funds Prime Portfolio N/A Morgan Stanley Institutional Liquidity Funds Prime Portfolio 61747C715 4310894.871 NS USD 4311757.049974 0.1699 Long STIV RF US N 1 N N N Consumer Staples Select Sector SPDR Fund N/A Total Return Swap N/A -367000 NS USD 8771.3 0.0003 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 2022-08-02 0 USD 0 USD -25459377.2 USD 8771.3 N N N Procter & Gamble Company N/A Total Return Swap N/A 190000 NS USD 1178057 0.0464 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% 2022-08-02 0 USD 0 USD 25506075 USD 1178057 N N N Carrier Global Corporation N/A Carrier Global Corporation 14448C104 533400 NS USD 27608784 1.0877 Long EC CORP US N 1 N N N Caterpillar Inc. WRJR7GS4GTRECRRTVX92 Caterpillar Inc. 149123101 115100 NS USD 22095747 0.8705 Long EC CORP US N 1 N N N FedEx Corporation 549300E707U7WNPZN687 FedEx Corporation 31428X106 48300 NS USD 10591707 0.4173 Long EC CORP US N 1 N N N General Electric Company 3C7474T6CDKPR9K6YT90 General Electric Company 369604301 221412 NS USD 22812078.36 0.8987 Long EC CORP US N 1 N N N Honeywell International Inc. ISRPG12PN4EIEOEMW547 Honeywell International Inc. 438516106 93600 NS USD 19869408 0.7828 Long EC CORP US N 1 N N N L3Harris Technologies Inc. N/A L3Harris Technologies Inc. 502431109 88500 NS USD 19491240 0.7679 Long EC CORP US N 1 N N N Parker-Hannifin Corporation 5493002CONDB4N2HKI23 Parker-Hannifin Corporation 701094104 69300 NS USD 19377666 0.7634 Long EC CORP US N 1 N N N Quanta Services, Inc. SHVRXXEACT60MMH07S24 Quanta Services, Inc. 74762E102 146000 NS USD 16617720 0.6547 Long EC CORP US N 1 N N N Raytheon Technologies Corporation N/A Raytheon Technologies Corporation 75513E101 258900 NS USD 22255044 0.8768 Long EC CORP US N 1 N N N ConocoPhillips WPTL2Z3FIYTHSP5V2253 ConocoPhillips 20825C104 283700 NS USD 19226349 0.7574 Long EC CORP US N 1 N N N Union Pacific Corporation 549300LMMRSZZCZ8CL11 Union Pacific Corporation 907818108 51700 NS USD 10133717 0.3992 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 31700 NS USD 104135768 4.1025 Long EC CORP US N 1 N N N Consumer Discretionary Select Sector SPDR Fund 549300CD2I087Y919K79 Consumer Discretionary Select Sector SPDR Fund 81369Y407 31800 NS USD 5706510 0.2248 Long EC RF US N 1 N N N Darden Restaurants, Inc. CY1NFSCCB5GUXC7WZC70 Darden Restaurants, Inc. 237194105 94300 NS USD 14283621 0.5627 Long EC CORP US N 1 N N N General Motors Company 54930070NSV60J38I987 General Motors Company 37045V100 196300 NS USD 10346973 0.4076 Long EC CORP US N 1 N N N Hilton Worldwide Holdings, Inc. 549300HVGPK36ICB0B89 Hilton Worldwide Holdings, Inc. 43300A203 114400 NS USD 15113384 0.5954 Long EC CORP US N 1 N N N Home Depot, Inc. QEKMOTMBBKA8I816DO57 Home Depot, Inc. 437076102 27300 NS USD 8961498 0.353 Long EC CORP US N 1 N N N Lowe's Companies, Inc. WAFCR4OKGSC504WU3E95 Lowe's Companies, Inc. 548661107 48700 NS USD 9879282 0.3892 Long EC CORP US N 1 N N N NIKE, Inc. Class B 787RXPR0UX0O0XUXPZ81 NIKE, Inc. Class B 654106103 127900 NS USD 18574917 0.7318 Long EC CORP US N 1 N N N O'Reilly Automotive, Inc. 549300K2RLMQL149Q332 O'Reilly Automotive, Inc. 67103H107 27600 NS USD 16865256 0.6644 Long EC CORP US N 1 N N N EOG Resources, Inc. XWTZDRYZPBUHIQBKDB46 EOG Resources, Inc. 26875P101 195000 NS USD 15652650 0.6167 Long EC CORP US N 1 N N N Target Corporation 8WDDFXB5T1Z6J0XC1L66 Target Corporation 87612E106 113500 NS USD 25965395 1.0229 Long EC CORP US N 1 N N N Tesla, Inc. 54930043XZGB27CTOV49 Tesla, Inc. 88160R101 33300 NS USD 25823484 1.0173 Long EC CORP US N 1 N N N TJX Companies, Inc. V167QI9I69W364E2DY52 TJX Companies, Inc. 872540109 355600 NS USD 23462488 0.9243 Long EC CORP US N 1 N N N Ulta Beauty, Inc. 529900CIV6HN8M28YM82 Ulta Beauty, Inc. 90384S303 52100 NS USD 18803932 0.7408 Long EC CORP US N 1 N N N Coca-Cola Company UWJKFUJFZ02DKWI3RY53 Coca-Cola Company 191216100 437200 NS USD 22939884 0.9037 Long EC CORP US N 1 N N N Costco Wholesale Corporation 29DX7H14B9S6O3FD6V18 Costco Wholesale Corporation 22160K105 54600 NS USD 24534510 0.9666 Long EC CORP US N 1 N N N Estee Lauder Companies Inc. Class A 549300VFZ8XJ9NUPU221 Estee Lauder Companies Inc. Class A 518439104 56500 NS USD 16946045 0.6676 Long EC CORP US N 1 N N N Lamb Weston Holdings, Inc. N/A Lamb Weston Holdings, Inc. 513272104 149100 NS USD 9150267 0.3605 Long EC CORP US N 1 N N N PepsiCo, Inc. FJSUNZKFNQ5YPJ5OT455 PepsiCo, Inc. 713448108 78800 NS USD 11852308 0.4669 Long EC CORP US N 1 N N N Philip Morris International Inc. HL3H1H2BGXWVG3BSWR90 Philip Morris International Inc. 718172109 309700 NS USD 29356463 1.1565 Long EC CORP US N 1 N N N Marathon Petroleum Corporation 3BNYRYQHD39K4LCKQF12 Marathon Petroleum Corporation 56585A102 125200 NS USD 7738612 0.3049 Long EC CORP US N 1 N N N Procter & Gamble Company 2572IBTT8CCZW6AU4141 Procter & Gamble Company 742718109 115350 NS USD 16125930 0.6353 Long EC CORP US N 1 N N N Walmart Inc. Y87794H0US1R65VBXU25 Walmart Inc. 931142103 115500 NS USD 16098390 0.6342 Long EC CORP US N 1 N N N AbbVie, Inc. FR5LCKFTG8054YNNRU85 AbbVie, Inc. 00287Y109 208000 NS USD 22436960 0.8839 Long EC CORP US N 1 N N N AmerisourceBergen Corporation AI8GXW8LG5WK7E9UD086 AmerisourceBergen Corporation 03073E105 178300 NS USD 21297935 0.8391 Long EC CORP US N 1 N N N Centene Corporation 549300Z7JJ4TQSQGT333 Centene Corporation 15135B101 259800 NS USD 16188138 0.6378 Long EC CORP US N 1 N N N CVS Health Corporation 549300EJG376EN5NQE29 CVS Health Corporation 126650100 382900 NS USD 32492894 1.2801 Long EC CORP US N 1 N N N Eli Lilly and Company FRDRIPF3EKNDJ2CQJL29 Eli Lilly and Company 532457108 87800 NS USD 20286190 0.7992 Long EC CORP US N 1 N N N Health Care Select Sector SPDR Fund 549300EJNY3KKJHPOY44 Health Care Select Sector SPDR Fund 81369Y209 115400 NS USD 14690420 0.5787 Long EC RF US N 1 N N N IQVIA Holdings Inc N/A IQVIA Holdings Inc 46266C105 79700 NS USD 19091338 0.7521 Long EC CORP US N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 145400 NS USD 23482100 0.9251 Long EC CORP US N 1 N N N Valero Energy Corporation 549300XTO5VR8SKV1V74 Valero Energy Corporation 91913Y100 91100 NS USD 6428927 0.2533 Long EC CORP US N 1 N N N Pfizer Inc. 765LHXWGK1KXCLTFYQ30 Pfizer Inc. 717081103 185500 NS USD 7978355 0.3143 Long EC CORP US N 1 N N N Regeneron Pharmaceuticals, Inc. 549300RCBFWIRX3HYQ56 Regeneron Pharmaceuticals, Inc. 75886F107 30100 NS USD 18215918 0.7176 Long EC CORP US N 1 N N N Thermo Fisher Scientific Inc. HCHV7422L5HDJZCRFL38 Thermo Fisher Scientific Inc. 883556102 68600 NS USD 39193238 1.5441 Long EC CORP US N 1 N N N UnitedHealth Group Incorporated 549300GHBMY8T5GXDE41 UnitedHealth Group Incorporated 91324P102 149700 NS USD 58493778 2.3044 Long EC CORP US N 1 N N N Universal Health Services, Inc. Class B 549300YGMGQDO0NMJD09 Universal Health Services, Inc. Class B 913903100 132600 NS USD 18347862 0.7228 Long EC CORP US N 1 N N N Veeva Systems Inc. Class A 549300YZEXPDB92M2F02 Veeva Systems Inc. Class A 922475108 40700 NS USD 11728519 0.4621 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 060505104 1148400 NS USD 48749580 1.9205 Long EC CORP US N 1 N N N Berkshire Hathaway Inc. Class B 5493000C01ZX7D35SD85 Berkshire Hathaway Inc. Class B 084670702 204600 NS USD 55843524 2.2 Long EC CORP US N 1 N N N Capital One Financial Corporation ZUE8T73ROZOF6FLBAR73 Capital One Financial Corporation 14040H105 85900 NS USD 13913223 0.5481 Long EC CORP US N 1 N N N Financial Select Sector SPDR Fund 549300Y12KQ6ZG08NY28 Financial Select Sector SPDR Fund 81369Y605 532600 NS USD 19988478 0.7875 Long EC RF US N 1 N N N Air Products and Chemicals, Inc. 7QEON6Y1RL5XR3R1W237 Air Products and Chemicals, Inc. 009158106 52400 NS USD 13420164 0.5287 Long EC CORP US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co. 46625H100 190500 NS USD 31182945 1.2285 Long EC CORP US N 1 N N N MetLife, Inc. C4BXATY60WC6XEOZDX54 MetLife, Inc. 59156R108 422600 NS USD 26087098 1.0277 Long EC CORP US N 1 N N N Moody's Corporation 549300GCEDD8YCF5WU84 Moody's Corporation 615369105 74700 NS USD 26526717 1.0451 Long EC CORP US N 1 N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 Morgan Stanley 617446448 362500 NS USD 35274875 1.3897 Long EC CORP US N 1 N N N T. Rowe Price Group 549300SIV6FPS9Y7IH33 T. Rowe Price Group 74144T108 66800 NS USD 13139560 0.5176 Long EC CORP US N 1 N N N Wells Fargo & Company PBLD0EJDB5FWOLXP3B76 Wells Fargo & Company 949746101 534800 NS USD 24820068 0.9778 Long EC CORP US N 1 N N N Adobe Inc. FU4LY2G4933NH2E1CP29 Adobe Inc. 00724F101 59900 NS USD 34485628 1.3586 Long EC CORP US N 1 N N N Analog Devices, Inc. GYVOE5EZ4GDAVTU4CQ61 Analog Devices, Inc. 032654105 100600 NS USD 16848488 0.6638 Long EC CORP US N 1 N N N Apple Inc. HWUPKR0MPOU8FGXBT394 Apple Inc. 037833100 1044400 NS USD 147782600 5.8221 Long EC CORP US N 1 N N N Arista Networks, Inc. 635400H1WKBLOQERUU95 Arista Networks, Inc. 040413106 55300 NS USD 19003292 0.7487 Long EC CORP US N 1 N N N LyondellBasell Industries N.V. BN6WCCZ8OVP3ITUUVN49 LyondellBasell Industries N.V. N53745100 126600 NS USD 11881410 0.4681 Long EC CORP NL N 1 N N N CDW Corp. N/A CDW Corp. 12514G108 81000 NS USD 14743620 0.5808 Long EC CORP US N 1 N N N Cisco Systems, Inc. 8E6NF1YAL0WT6CWXXV93 Cisco Systems, Inc. 17275R102 271900 NS USD 14799517 0.583 Long EC CORP US N 1 N N N Intuit Inc. VI90HBPH7XSFMB9E4M29 Intuit Inc. 461202103 52100 NS USD 28108471 1.1074 Long EC CORP US N 1 N N N Lam Research Corporation 549300I4GMO6D34U1T02 Lam Research Corporation 512807108 42600 NS USD 24245790 0.9552 Long EC CORP US N 1 N N N Mastercard Incorporated Class A AR5L2ODV9HN37376R084 Mastercard Incorporated Class A 57636Q104 103800 NS USD 36089184 1.4218 Long EC CORP US N 1 N N N Micron Technology, Inc. B3DXGBC8GAIYWI2Z0172 Micron Technology, Inc. 595112103 108200 NS USD 7680036 0.3026 Long EC CORP US N 1 N N N Microsoft Corporation INR2EJN1ERAN0W5ZP974 Microsoft Corporation 594918104 669700 NS USD 188801824 7.4381 Long EC CORP US N 1 N N N NVIDIA Corporation 549300S4KLFTLO7GSQ80 NVIDIA Corporation 67066G104 232400 NS USD 48143984 1.8967 Long EC CORP US N 1 N N N Oracle Corporation 1Z4GXXU7ZHVWFCD8TV52 Oracle Corporation 68389X105 122200 NS USD 10647286 0.4195 Long EC CORP US N 1 N N N Palo Alto Networks, Inc. 549300QXR2YVZV231H43 Palo Alto Networks, Inc. 697435105 39700 NS USD 19016300 0.7492 Long EC CORP US N 1 N N N Sherwin-Williams Company Z15BMIOX8DDH0X2OBP21 Sherwin-Williams Company 824348106 65300 NS USD 18266369 0.7196 Long EC CORP US N 1 N N N PayPal Holdings, Inc. 5493005X2GO78EFZ3E94 PayPal Holdings, Inc. 70450Y103 125800 NS USD 32734418 1.2896 Long EC CORP US N 1 N N N QUALCOMM Incorporated H1J8DDZKZP6H7RWC0H53 QUALCOMM Incorporated 747525103 157500 NS USD 20314350 0.8003 Long EC CORP US N 1 N N N Visa Inc. Class A 549300JZ4OKEHW3DPJ59 Visa Inc. Class A 92826C839 178500 NS USD 39760875 1.5664 Long EC CORP US N 1 N N N Alphabet Inc. Class A 5493006MHB84DD0ZWV18 Alphabet Inc. Class A 02079K305 43300 NS USD 115763416 4.5606 Long EC CORP US N 1 N N N AT&T Inc. 549300Z40J86GGSTL398 AT&T Inc. 00206R102 417682 NS USD 11281590.82 0.4445 Long EC CORP US N 1 N N N Charter Communications, Inc. Class A 0J0XRGZE3PBRFEZ7MV65 Charter Communications, Inc. Class A 16119P108 27200 NS USD 19789632 0.7796 Long EC CORP US N 1 N N N Comcast Corporation Class A 51M0QTTNCGUN7KFCFZ59 Comcast Corporation Class A 20030N101 434300 NS USD 24290399 0.9569 Long EC CORP US N 1 N N N Communication Services Select Sector SPDR Fund N/A Communication Services Select Sector SPDR Fund 81369Y852 78800 NS USD 6312668 0.2487 Long EC RF US N 1 N N N Facebook, Inc. Class A BQ4BKCS1HXDV9HN80Z93 Facebook, Inc. Class A 30303M102 205300 NS USD 69676767 2.745 Long EC CORP US N 1 N N N Netflix, Inc. 549300Y7VHGU0I7CE873 Netflix, Inc. 64110L106 39131 NS USD 23883214.54 0.9409 Long EC CORP US N 1 N N N Steel Dynamics, Inc. 549300HGGKEL4FYTTQ83 Steel Dynamics, Inc. 858119100 208700 NS USD 12204776 0.4808 Long EC CORP US N 1 N N N Walt Disney Company 7260JQNI6SCF9FIV2392 Walt Disney Company 254687106 105800 NS USD 17898186 0.7051 Long EC CORP US N 1 N N N CenterPoint Energy, Inc. 21TPXMRRHFKOBHDC8J74 CenterPoint Energy, Inc. 15189T107 647400 NS USD 15926040 0.6274 Long EC CORP US N 1 N N N Evergy, Inc. N/A Evergy, Inc. 30034W106 202600 NS USD 12601720 0.4965 Long EC CORP US N 1 N N N Exelon Corporation 3SOUA6IRML7435B56G12 Exelon Corporation 30161N101 290400 NS USD 14037936 0.553 Long EC CORP US N 1 N N N NextEra Energy, Inc. N/A NextEra Energy, Inc. 65339F101 243900 NS USD 19151028 0.7545 Long EC CORP US N 1 N N N CBRE Group, Inc. Class A N/A CBRE Group, Inc. Class A 12504L109 126000 NS USD 12267360 0.4833 Long EC CORP US N 1 N N N Equinix, Inc. 549300EVUN2BTLJ3GT74 Equinix, Inc. 29444U700 28900 NS USD 22834757 0.8996 Long EC CORP US N 1 N N N Prologis, Inc. 529900DFH19P073LZ636 Prologis, Inc. 74340W103 153100 NS USD 19203333 0.7565 Long EC CORP US N 1 N N N Simon Property Group, Inc. N/A Simon Property Group, Inc. 828806109 112000 NS USD 14556640 0.5735 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 0.0184 Long CORP US N 3 N N N Northern Institutional Treasury Portfolio N/A Northern Institutional Treasury Portfolio 665279808 5268633.59 NS USD 5268633.59 0.2076 Long STIV RF US N 1 N N N 2021-11-29 Adams Diversified Equity Fund, Inc. Christy Sloan Christy Sloan Assistant Treasurer XXXX NPORT-EX 2 tm2031239-1_adx_nport-ex.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.