0001104659-22-065741.txt : 20220527 0001104659-22-065741.hdr.sgml : 20220527 20220527131908 ACCESSION NUMBER: 0001104659-22-065741 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220527 PERIOD START: 20221231 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: 22975498 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 2022-12-31 2022-03-31 N 2559419357 26246612 2533172745 0 0 0 0 0 0 0 0 0 0 0 0 0 255342.000000000000 N Adams Natural Resources Fund, Inc. 549300LPTQAH0G3NGD42 Adams Natural Resources Fund, Inc. 00548F105 2186774 NS USD 45769179.82 1.8068 Long EC RF US N 1 N N N General Dynamics Corporation 9C1X8XOOTYY2FNYTVH06 General Dynamics Corporation 369550108 109800 NS USD 26481564 1.0454 Long EC CORP US N 1 N N N Old Dominion Freight Line, Inc. N/A Old Dominion Freight Line, Inc. 679580100 62100 NS USD 18548028 0.7322 Long EC CORP US N 1 N N N Parker-Hannifin Corporation 5493002CONDB4N2HKI23 Parker-Hannifin Corporation 701094104 82400 NS USD 23381824 0.923 Long EC CORP US N 1 N N N Quanta Services, Inc. SHVRXXEACT60MMH07S24 Quanta Services, Inc. 74762E102 214200 NS USD 28190862 1.1129 Long EC CORP US N 1 N N N Raytheon Technologies Corporation N/A Raytheon Technologies Corporation 75513E101 258900 NS USD 25649223 1.0125 Long EC CORP US N 1 N N N TransDigm Group Incorporated N/A TransDigm Group Incorporated 893641100 35800 NS USD 23325132 0.9208 Long EC CORP US N 1 N N N Union Pacific Corporation 549300LMMRSZZCZ8CL11 Union Pacific Corporation 907818108 118900 NS USD 32484669 1.2824 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 31700 NS USD 103340415 4.0795 Long EC CORP US N 1 N N N Booking Holdings Inc. N/A Booking Holdings Inc. 09857L108 7900 NS USD 18552755 0.7324 Long EC CORP US N 1 N N N Capri Holdings Limited N/A Capri Holdings Limited G1890L107 298900 NS USD 15360471 0.6064 Long EC CORP BV N 1 N N N ConocoPhillips WPTL2Z3FIYTHSP5V2253 ConocoPhillips 20825C104 215000 NS USD 21500000 0.8487 Long EC CORP US N 1 N N N General Motors Company 54930070NSV60J38I987 General Motors Company 37045V100 196300 NS USD 8586162 0.3389 Long EC CORP US N 1 N N N Home Depot, Inc. QEKMOTMBBKA8I816DO57 Home Depot, Inc. 437076102 23900 NS USD 7153987 0.2824 Long EC CORP US N 1 N N N Lowe's Companies, Inc. WAFCR4OKGSC504WU3E95 Lowe's Companies, Inc. 548661107 48700 NS USD 9846653 0.3887 Long EC CORP US N 1 N N N Marriott International, Inc. Class A 225YDZ14ZO8E1TXUSU86 Marriott International, Inc. Class A 571903202 115600 NS USD 20316700 0.802 Long EC CORP US N 1 N N N NIKE, Inc. Class B 787RXPR0UX0O0XUXPZ81 NIKE, Inc. Class B 654106103 87600 NS USD 11787456 0.4653 Long EC CORP US N 1 N N N O'Reilly Automotive, Inc. 549300K2RLMQL149Q332 O'Reilly Automotive, Inc. 67103H107 27600 NS USD 18904896 0.7463 Long EC CORP US N 1 N N N Target Corporation 8WDDFXB5T1Z6J0XC1L66 Target Corporation 87612E106 79900 NS USD 16956378 0.6694 Long EC CORP US N 1 N N N Tesla, Inc. 54930043XZGB27CTOV49 Tesla, Inc. 88160R101 37500 NS USD 40410000 1.5952 Long EC CORP US N 1 N N N TJX Companies, Inc. V167QI9I69W364E2DY52 TJX Companies, Inc. 872540109 190500 NS USD 11540490 0.4556 Long EC CORP US N 1 N N N Ulta Beauty, Inc. 529900CIV6HN8M28YM82 Ulta Beauty, Inc. 90384S303 41100 NS USD 16366842 0.6461 Long EC CORP US N 1 N N N Marathon Petroleum Corporation 3BNYRYQHD39K4LCKQF12 Marathon Petroleum Corporation 56585A102 216700 NS USD 18527850 0.7314 Long EC CORP US N 1 N N N Coca-Cola Company UWJKFUJFZ02DKWI3RY53 Coca-Cola Company 191216100 437200 NS USD 27106400 1.0701 Long EC CORP US N 1 N N N Costco Wholesale Corporation 29DX7H14B9S6O3FD6V18 Costco Wholesale Corporation 22160K105 60200 NS USD 34666170 1.3685 Long EC CORP US N 1 N N N Molson Coors Beverage Company Class B 54930073LBBH6ZCBE225 Molson Coors Beverage Company Class B 60871R209 243500 NS USD 12998030 0.5131 Long EC CORP US N 1 N N N PepsiCo, Inc. FJSUNZKFNQ5YPJ5OT455 PepsiCo, Inc. 713448108 78800 NS USD 13189544 0.5207 Long EC CORP US N 1 N N N Philip Morris International Inc. HL3H1H2BGXWVG3BSWR90 Philip Morris International Inc. 718172109 294700 NS USD 27684118 1.0929 Long EC CORP US N 1 N N N Procter & Gamble Company 2572IBTT8CCZW6AU4141 Procter & Gamble Company 742718109 158250 NS USD 24180600 0.9546 Long EC CORP US N 1 N N N Walmart Inc. Y87794H0US1R65VBXU25 Walmart Inc. 931142103 70300 NS USD 10469076 0.4133 Long EC CORP US N 1 N N N Abbott Laboratories HQD377W2YR662HK5JX27 Abbott Laboratories 002824100 269400 NS USD 31886184 1.2587 Long EC CORP US N 1 N N N AbbVie, Inc. FR5LCKFTG8054YNNRU85 AbbVie, Inc. 00287Y109 216600 NS USD 35113026 1.3861 Long EC CORP US N 1 N N N Centene Corporation 549300Z7JJ4TQSQGT333 Centene Corporation 15135B101 294500 NS USD 24793955 0.9788 Long EC CORP US N 1 N N N Pioneer Natural Resources Company FY8JBF7CCL2VE4F1B628 Pioneer Natural Resources Company 723787107 77300 NS USD 19327319 0.763 Long EC CORP US N 1 N N N CVS Health Corporation 549300EJG376EN5NQE29 CVS Health Corporation 126650100 325100 NS USD 32903371 1.2989 Long EC CORP US N 1 N N N Eli Lilly and Company FRDRIPF3EKNDJ2CQJL29 Eli Lilly and Company 532457108 149600 NS USD 42840952 1.6912 Long EC CORP US N 1 N N N Health Care Select Sector SPDR Fund 549300EJNY3KKJHPOY44 Health Care Select Sector SPDR Fund 81369Y209 166500 NS USD 22808835 0.9004 Long EC RF US N 1 N N N IDEXX Laboratories, Inc. OGMTXK0LUU1HKV2P0J84 IDEXX Laboratories, Inc. 45168D104 30500 NS USD 16685330 0.6587 Long EC CORP US N 1 N N N IQVIA Holdings Inc. N/A IQVIA Holdings Inc. 46266C105 56200 NS USD 12994002 0.513 Long EC CORP US N 1 N N N Regeneron Pharmaceuticals, Inc. 549300RCBFWIRX3HYQ56 Regeneron Pharmaceuticals, Inc. 75886F107 45000 NS USD 31428900 1.2407 Long EC CORP US N 1 N N N Thermo Fisher Scientific Inc. HCHV7422L5HDJZCRFL38 Thermo Fisher Scientific Inc. 883556102 68600 NS USD 40518590 1.5995 Long EC CORP US N 1 N N N UnitedHealth Group Incorporated 549300GHBMY8T5GXDE41 UnitedHealth Group Incorporated 91324P102 117700 NS USD 60023469 2.3695 Long EC CORP US N 1 N N N American International Group, Inc. ODVCVCQG2BP6VHV36M30 American International Group, Inc. 026874784 530400 NS USD 33293208 1.3143 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 060505104 1148400 NS USD 47337048 1.8687 Long EC CORP US N 1 N N N Linde plc N/A Linde plc G5494J103 46200 NS USD 14757666 0.5826 Long EC CORP IE N 1 N N N Berkshire Hathaway Inc. Class B 5493000C01ZX7D35SD85 Berkshire Hathaway Inc. Class B 084670702 96600 NS USD 34091106 1.3458 Long EC CORP US N 1 N N N BlackRock, Inc. 549300LRIF3NWCU26A80 BlackRock, Inc. 09247X101 21700 NS USD 16582489 0.6546 Long EC CORP US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co. 46625H100 124700 NS USD 16999104 0.6711 Long EC CORP US N 1 N N N MetLife, Inc. C4BXATY60WC6XEOZDX54 MetLife, Inc. 59156R108 422600 NS USD 29700328 1.1725 Long EC CORP US N 1 N N N Moody's Corporation 549300GCEDD8YCF5WU84 Moody's Corporation 615369105 80000 NS USD 26992800 1.0656 Long EC CORP US N 1 N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 Morgan Stanley 617446448 160600 NS USD 14036440 0.5541 Long EC CORP US N 1 N N N Truist Financial Corporation N/A Truist Financial Corporation 89832Q109 400400 NS USD 22702680 0.8962 Long EC CORP US N 1 N N N Wells Fargo & Company PBLD0EJDB5FWOLXP3B76 Wells Fargo & Company 949746101 711900 NS USD 34498674 1.3619 Long EC CORP US N 1 N N N Adobe Inc. FU4LY2G4933NH2E1CP29 Adobe Inc. 00724F101 50700 NS USD 23099934 0.9119 Long EC CORP US N 1 N N N Apple Inc. HWUPKR0MPOU8FGXBT394 Apple Inc. 037833100 983700 NS USD 171763857 6.7806 Long EC CORP US N 1 N N N LyondellBasell Industries N.V. BN6WCCZ8OVP3ITUUVN49 LyondellBasell Industries N.V. N53745100 111200 NS USD 11433584 0.4514 Long EC CORP NL N 1 N N N Arista Networks, Inc. 635400H1WKBLOQERUU95 Arista Networks, Inc. 040413106 149200 NS USD 20735816 0.8186 Long EC CORP US N 1 N N N Automatic Data Processing, Inc. HGBOLILQXWER4SAL2I23 Automatic Data Processing, Inc. 053015103 102600 NS USD 23345604 0.9216 Long EC CORP US N 1 N N N Cisco Systems, Inc. 8E6NF1YAL0WT6CWXXV93 Cisco Systems, Inc. 17275R102 271900 NS USD 15161144 0.5985 Long EC CORP US N 1 N N N Intuit Inc. VI90HBPH7XSFMB9E4M29 Intuit Inc. 461202103 47600 NS USD 22887984 0.9035 Long EC CORP US N 1 N N N Lam Research Corporation 549300I4GMO6D34U1T02 Lam Research Corporation 512807108 42600 NS USD 22902186 0.9041 Long EC CORP US N 1 N N N Mastercard Incorporated Class A AR5L2ODV9HN37376R084 Mastercard Incorporated Class A 57636Q104 119500 NS USD 42706910 1.6859 Long EC CORP US N 1 N N N Micron Technology, Inc. B3DXGBC8GAIYWI2Z0172 Micron Technology, Inc. 595112103 212600 NS USD 16559414 0.6537 Long EC CORP US N 1 N N N Microsoft Corporation INR2EJN1ERAN0W5ZP974 Microsoft Corporation 594918104 618100 NS USD 190566411 7.5228 Long EC CORP US N 1 N N N NVIDIA Corporation 549300S4KLFTLO7GSQ80 NVIDIA Corporation 67066G104 208600 NS USD 56918596 2.2469 Long EC CORP US N 1 N N N Oracle Corporation 1Z4GXXU7ZHVWFCD8TV52 Oracle Corporation 68389X105 122200 NS USD 10109606 0.3991 Long EC CORP US N 1 N N N Sherwin-Williams Company Z15BMIOX8DDH0X2OBP21 Sherwin-Williams Company 824348106 65300 NS USD 16300186 0.6435 Long EC CORP US N 1 N N N Palo Alto Networks, Inc. 549300QXR2YVZV231H43 Palo Alto Networks, Inc. 697435105 37300 NS USD 23219623 0.9166 Long EC CORP US N 1 N N N PayPal Holdings, Inc. 5493005X2GO78EFZ3E94 PayPal Holdings, Inc. 70450Y103 40700 NS USD 4706955 0.1858 Long EC CORP US N 1 N N N QUALCOMM Incorporated H1J8DDZKZP6H7RWC0H53 QUALCOMM Incorporated 747525103 157500 NS USD 24069150 0.9502 Long EC CORP US N 1 N N N Visa Inc. Class A 549300JZ4OKEHW3DPJ59 Visa Inc. Class A 92826C839 171700 NS USD 38077909 1.5032 Long EC CORP US N 1 N N N Alphabet Inc. Class A 5493006MHB84DD0ZWV18 Alphabet Inc. Class A 02079K305 45800 NS USD 127385830 5.0287 Long EC CORP US N 1 N N N Electronic Arts Inc. 549300O7A67PUEYKDL45 Electronic Arts Inc. 285512109 93700 NS USD 11853987 0.468 Long EC CORP US N 1 N N N Fox Corporation Class A 5493006FBVCBN6H1JG79 Fox Corporation Class A 35137L105 186500 NS USD 7357425 0.2904 Long EC CORP US N 1 N N N Meta Platforms, Inc. Class A BQ4BKCS1HXDV9HN80Z93 Meta Platforms, Inc. Class A 30303M102 214400 NS USD 47673984 1.882 Long EC CORP US N 1 N N N T-Mobile US, Inc. 549300QHIJYOHPACPG31 T-Mobile US, Inc. 872590104 27400 NS USD 3516790 0.1388 Long EC CORP US N 1 N N N Verizon Communications Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications Inc. 92343V104 436300 NS USD 22225122 0.8774 Long EC CORP US N 1 N N N Steel Dynamics, Inc. 549300HGGKEL4FYTTQ83 Steel Dynamics, Inc. 858119100 165100 NS USD 13774293 0.5438 Long EC CORP US N 1 N N N Walt Disney Company 7260JQNI6SCF9FIV2392 Walt Disney Company 254687106 87700 NS USD 12028932 0.4749 Long EC CORP US N 1 N N N CenterPoint Energy, Inc. 21TPXMRRHFKOBHDC8J74 CenterPoint Energy, Inc. 15189T107 490300 NS USD 15022792 0.593 Long EC CORP US N 1 N N N Evergy, Inc. N/A Evergy, Inc. 30034W106 202600 NS USD 13845684 0.5466 Long EC CORP US N 1 N N N Exelon Corporation 3SOUA6IRML7435B56G12 Exelon Corporation 30161N101 290400 NS USD 13831752 0.546 Long EC CORP US N 1 N N N NextEra Energy, Inc. N/A NextEra Energy, Inc. 65339F101 307700 NS USD 26065267 1.029 Long EC CORP US N 1 N N N CBRE Group, Inc. Class A N/A CBRE Group, Inc. Class A 12504L109 150000 NS USD 13728000 0.5419 Long EC CORP US N 1 N N N Equinix, Inc. 549300EVUN2BTLJ3GT74 Equinix, Inc. 29444U700 15600 NS USD 11569272 0.4567 Long EC CORP US N 1 N N N Prologis, Inc. 529900DFH19P073LZ636 Prologis, Inc. 74340W103 140300 NS USD 22655644 0.8944 Long EC CORP US N 1 N N N Simon Property Group, Inc. N/A Simon Property Group, Inc. 828806109 134300 NS USD 17668508 0.6975 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 Caterpillar Inc. WRJR7GS4GTRECRRTVX92 Caterpillar Inc. 149123101 115100 NS USD 25646582 1.0124 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 14312995.741 NS USD 14310133.141851 0.5649 Long STIV RF US N 1 N N N Northern Institutional Treasury Portfolio N/A Northern Institutional Treasury Portfolio 665279808 2642419.21 NS USD 2642419.21 0.1043 Long STIV RF US N 1 N N N 2022-05-27 Adams Diversified Equity Fund, Inc. Christy Sloan Christy Sloan Assistant Treasurer XXXX NPORT-EX 2 tm229758-5_ADX_POI.htm out - none - 46.181s
​
Schedule of Investments
​
March 31, 2022
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Common Stocks — 99.3% ​
Communication Services — 9.2%
 ​
Alphabet Inc. Class A (b)
 ​ ​ ​ ​ 45,800 ​ ​ ​ ​ $ 127,385,830 ​ ​
Electronic Arts Inc.
 ​ ​ ​ ​ 93,700 ​ ​ ​ ​ ​ 11,853,987 ​ ​
Fox Corporation Class A
 ​ ​ ​ ​ 186,500 ​ ​ ​ ​ ​ 7,357,425 ​ ​
Meta Platforms, Inc. Class A (b)
 ​ ​ ​ ​ 214,400 ​ ​ ​ ​ ​ 47,673,984 ​ ​
T-Mobile US, Inc. (b)
 ​ ​ ​ ​ 27,400 ​ ​ ​ ​ ​ 3,516,790 ​ ​
Verizon Communications Inc.
 ​ ​ ​ ​ 436,300 ​ ​ ​ ​ ​ 22,225,122 ​ ​
Walt Disney Company (b)
 ​ ​ ​ ​ 87,700 ​ ​ ​ ​ ​ 12,028,932 ​ ​
​ ​ ​ ​ ​ 232,042,070 ​ ​
Consumer Discretionary — 11.8%
 ​
Amazon.com, Inc. (b)
 ​ ​ ​ ​ 31,700 ​ ​ ​ ​ ​ 103,340,415 ​ ​
Booking Holdings Inc. (b)
 ​ ​ ​ ​ 7,900 ​ ​ ​ ​ ​ 18,552,755 ​ ​
Capri Holdings Limited (b)
 ​ ​ ​ ​ 298,900 ​ ​ ​ ​ ​ 15,360,471 ​ ​
General Motors Company (b)
 ​ ​ ​ ​ 196,300 ​ ​ ​ ​ ​ 8,586,162 ​ ​
Home Depot, Inc.
 ​ ​ ​ ​ 23,900 ​ ​ ​ ​ ​ 7,153,987 ​ ​
Lowe’s Companies, Inc.
 ​ ​ ​ ​ 48,700 ​ ​ ​ ​ ​ 9,846,653 ​ ​
Marriott International, Inc. Class A (b)
 ​ ​ ​ ​ 115,600 ​ ​ ​ ​ ​ 20,316,700 ​ ​
NIKE, Inc. Class B
 ​ ​ ​ ​ 87,600 ​ ​ ​ ​ ​ 11,787,456 ​ ​
O’Reilly Automotive, Inc. (b)
 ​ ​ ​ ​ 27,600 ​ ​ ​ ​ ​ 18,904,896 ​ ​
Target Corporation
 ​ ​ ​ ​ 79,900 ​ ​ ​ ​ ​ 16,956,378 ​ ​
Tesla, Inc. (b)
 ​ ​ ​ ​ 37,500 ​ ​ ​ ​ ​ 40,410,000 ​ ​
TJX Companies, Inc.
 ​ ​ ​ ​ 190,500 ​ ​ ​ ​ ​ 11,540,490 ​ ​
Ulta Beauty, Inc. (b)
 ​ ​ ​ ​ 41,100 ​ ​ ​ ​ ​ 16,366,842 ​ ​
​ ​ ​ ​ ​ 299,123,205 ​ ​
Consumer Staples — 5.9%
 ​
Coca-Cola Company
 ​ ​ ​ ​ 437,200 ​ ​ ​ ​ ​ 27,106,400 ​ ​
Costco Wholesale Corporation
 ​ ​ ​ ​ 60,200 ​ ​ ​ ​ ​ 34,666,170 ​ ​
Molson Coors Beverage Company Class B
 ​ ​ ​ ​ 243,500 ​ ​ ​ ​ ​ 12,998,030 ​ ​
PepsiCo, Inc.
 ​ ​ ​ ​ 78,800 ​ ​ ​ ​ ​ 13,189,544 ​ ​
Philip Morris International Inc.
 ​ ​ ​ ​ 294,700 ​ ​ ​ ​ ​ 27,684,118 ​ ​
Procter & Gamble Company
 ​ ​ ​ ​ 158,250 ​ ​ ​ ​ ​ 24,180,600 ​ ​
Walmart Inc.
 ​ ​ ​ ​ 70,300 ​ ​ ​ ​ ​ 10,469,076 ​ ​
​ ​ ​ ​ ​ 150,293,938 ​ ​
Energy — 4.2%
 ​
Adams Natural Resources Fund, Inc. (c)(f)
 ​ ​ ​ ​ 2,186,774 ​ ​ ​ ​ ​ 45,769,180 ​ ​
ConocoPhillips
 ​ ​ ​ ​ 215,000 ​ ​ ​ ​ ​ 21,500,000 ​ ​
Marathon Petroleum Corporation
 ​ ​ ​ ​ 216,700 ​ ​ ​ ​ ​ 18,527,850 ​ ​
Pioneer Natural Resources Company
 ​ ​ ​ ​ 77,300 ​ ​ ​ ​ ​ 19,327,319 ​ ​
​ ​ ​ ​ ​ 105,124,349 ​ ​
​
​
Schedule of Investments (continued)
​
March 31, 2022
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Financials — 10.9%
 ​
American International Group, Inc.
 ​ ​ ​ ​ 530,400 ​ ​ ​ ​ $ 33,293,208 ​ ​
Bank of America Corp.
 ​ ​ ​ ​ 1,148,400 ​ ​ ​ ​ ​ 47,337,048 ​ ​
Berkshire Hathaway Inc. Class B (b)
 ​ ​ ​ ​ 96,600 ​ ​ ​ ​ ​ 34,091,106 ​ ​
BlackRock, Inc.
 ​ ​ ​ ​ 21,700 ​ ​ ​ ​ ​ 16,582,489 ​ ​
JPMorgan Chase & Co.
 ​ ​ ​ ​ 124,700 ​ ​ ​ ​ ​ 16,999,104 ​ ​
MetLife, Inc.
 ​ ​ ​ ​ 422,600 ​ ​ ​ ​ ​ 29,700,328 ​ ​
Moody’s Corporation
 ​ ​ ​ ​ 80,000 ​ ​ ​ ​ ​ 26,992,800 ​ ​
Morgan Stanley
 ​ ​ ​ ​ 160,600 ​ ​ ​ ​ ​ 14,036,440 ​ ​
Truist Financial Corporation
 ​ ​ ​ ​ 400,400 ​ ​ ​ ​ ​ 22,702,680 ​ ​
Wells Fargo & Company
 ​ ​ ​ ​ 711,900 ​ ​ ​ ​ ​ 34,498,674 ​ ​
​ ​ ​ ​ ​ 276,233,877 ​ ​
Health Care — 13.9%
 ​
Abbott Laboratories
 ​ ​ ​ ​ 269,400 ​ ​ ​ ​ ​ 31,886,184 ​ ​
AbbVie, Inc.
 ​ ​ ​ ​ 216,600 ​ ​ ​ ​ ​ 35,113,026 ​ ​
Centene Corporation (b)
 ​ ​ ​ ​ 294,500 ​ ​ ​ ​ ​ 24,793,955 ​ ​
CVS Health Corporation
 ​ ​ ​ ​ 325,100 ​ ​ ​ ​ ​ 32,903,371 ​ ​
Eli Lilly and Company
 ​ ​ ​ ​ 149,600 ​ ​ ​ ​ ​ 42,840,952 ​ ​
Health Care Select Sector SPDR Fund
 ​ ​ ​ ​ 166,500 ​ ​ ​ ​ ​ 22,808,835 ​ ​
IDEXX Laboratories, Inc. (b)
 ​ ​ ​ ​ 30,500 ​ ​ ​ ​ ​ 16,685,330 ​ ​
IQVIA Holdings Inc. (b)
 ​ ​ ​ ​ 56,200 ​ ​ ​ ​ ​ 12,994,002 ​ ​
Regeneron Pharmaceuticals, Inc. (b)
 ​ ​ ​ ​ 45,000 ​ ​ ​ ​ ​ 31,428,900 ​ ​
Thermo Fisher Scientific Inc.
 ​ ​ ​ ​ 68,600 ​ ​ ​ ​ ​ 40,518,590 ​ ​
UnitedHealth Group Incorporated
 ​ ​ ​ ​ 117,700 ​ ​ ​ ​ ​ 60,023,469 ​ ​
​ ​ ​ ​ 351,996,614 ​ ​
Industrials — 8.0%
 ​
Caterpillar Inc.
 ​ ​ ​ ​ 115,100 ​ ​ ​ ​ ​ 25,646,582 ​ ​
General Dynamics Corporation
 ​ ​ ​ ​ 109,800 ​ ​ ​ ​ ​ 26,481,564 ​ ​
Old Dominion Freight Line, Inc.
 ​ ​ ​ ​ 62,100 ​ ​ ​ ​ ​ 18,548,028 ​ ​
Parker-Hannifin Corporation
 ​ ​ ​ ​ 82,400 ​ ​ ​ ​ ​ 23,381,824 ​ ​
Quanta Services, Inc.
 ​ ​ ​ ​ 214,200 ​ ​ ​ ​ ​ 28,190,862 ​ ​
Raytheon Technologies Corporation
 ​ ​ ​ ​ 258,900 ​ ​ ​ ​ ​ 25,649,223 ​ ​
TransDigm Group Incorporated (b)
 ​ ​ ​ ​ 35,800 ​ ​ ​ ​ ​ 23,325,132 ​ ​
Union Pacific Corporation
 ​ ​ ​ ​ 118,900 ​ ​ ​ ​ ​ 32,484,669 ​ ​
​ ​ ​ ​ ​ 203,707,884 ​ ​
​
​
Schedule of Investments (continued)
​
March 31, 2022
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Information Technology — 27.9%
 ​
Adobe Inc. (b)
 ​ ​ ​ ​ 50,700 ​ ​ ​ ​ $ 23,099,934 ​ ​
Apple Inc.
 ​ ​ ​ ​ 983,700 ​ ​ ​ ​ ​ 171,763,857 ​ ​
Arista Networks, Inc. (b)
 ​ ​ ​ ​ 149,200 ​ ​ ​ ​ ​ 20,735,816 ​ ​
Automatic Data Processing, Inc.
 ​ ​ ​ ​ 102,600 ​ ​ ​ ​ ​ 23,345,604 ​ ​
Cisco Systems, Inc.
 ​ ​ ​ ​ 271,900 ​ ​ ​ ​ ​ 15,161,144 ​ ​
Intuit Inc.
 ​ ​ ​ ​ 47,600 ​ ​ ​ ​ ​ 22,887,984 ​ ​
Lam Research Corporation
 ​ ​ ​ ​ 42,600 ​ ​ ​ ​ ​ 22,902,186 ​ ​
Mastercard Incorporated Class A
 ​ ​ ​ ​ 119,500 ​ ​ ​ ​ ​ 42,706,910 ​ ​
Micron Technology, Inc.
 ​ ​ ​ ​ 212,600 ​ ​ ​ ​ ​ 16,559,414 ​ ​
Microsoft Corporation
 ​ ​ ​ ​ 618,100 ​ ​ ​ ​ ​ 190,566,411 ​ ​
NVIDIA Corporation
 ​ ​ ​ ​ 208,600 ​ ​ ​ ​ ​ 56,918,596 ​ ​
Oracle Corporation
 ​ ​ ​ ​ 122,200 ​ ​ ​ ​ ​ 10,109,606 ​ ​
Palo Alto Networks, Inc. (b)
 ​ ​ ​ ​ 37,300 ​ ​ ​ ​ ​ 23,219,623 ​ ​
PayPal Holdings, Inc. (b)
 ​ ​ ​ ​ 40,700 ​ ​ ​ ​ ​ 4,706,955 ​ ​
QUALCOMM Incorporated
 ​ ​ ​ ​ 157,500 ​ ​ ​ ​ ​ 24,069,150 ​ ​
Visa Inc. Class A
 ​ ​ ​ ​ 171,700 ​ ​ ​ ​ ​ 38,077,909 ​ ​
​ ​ ​ ​ ​ 706,831,099 ​ ​
Materials — 2.2%
 ​
Linde plc
 ​ ​ ​ ​ 46,200 ​ ​ ​ ​ ​ 14,757,666 ​ ​
LyondellBasell Industries N.V.
 ​ ​ ​ ​ 111,200 ​ ​ ​ ​ ​ 11,433,584 ​ ​
Sherwin-Williams Company
 ​ ​ ​ ​ 65,300 ​ ​ ​ ​ ​ 16,300,186 ​ ​
Steel Dynamics, Inc.
 ​ ​ ​ ​ 165,100 ​ ​ ​ ​ ​ 13,774,293 ​ ​
​ ​ ​ ​ ​ 56,265,729 ​ ​
Real Estate — 2.6%
 ​
CBRE Group, Inc. Class A (b)
 ​ ​ ​ ​ 150,000 ​ ​ ​ ​ ​ 13,728,000 ​ ​
Equinix, Inc.
 ​ ​ ​ ​ 15,600 ​ ​ ​ ​ ​ 11,569,272 ​ ​
Prologis, Inc.
 ​ ​ ​ ​ 140,300 ​ ​ ​ ​ ​ 22,655,644 ​ ​
Simon Property Group, Inc.
 ​ ​ ​ ​ 134,300 ​ ​ ​ ​ ​ 17,668,508 ​ ​
​ ​ ​ ​ 65,621,424 ​ ​
Utilities — 2.7%
 ​
CenterPoint Energy, Inc.
 ​ ​ ​ ​ 490,300 ​ ​ ​ ​ ​ 15,022,792 ​ ​
Evergy, Inc.
 ​ ​ ​ ​ 202,600 ​ ​ ​ ​ ​ 13,845,684 ​ ​
Exelon Corporation
 ​ ​ ​ ​ 290,400 ​ ​ ​ ​ ​ 13,831,752 ​ ​
NextEra Energy, Inc.
 ​ ​ ​ ​ 307,700 ​ ​ ​ ​ ​ 26,065,267 ​ ​
​ ​ ​ ​ 68,765,495 ​ ​
Total Common Stocks ​
(Cost $1,448,447,112)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,516,005,684 ​ ​
​
​
​
Schedule of Investments (continued)
​
March 31, 2022
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Other Investments — 0.0% ​
Financials — 0.0%
 ​
Adams Funds Advisers, LLC (b)(d)(f)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $150,000)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 466,000
Short-Term Investments — 0.7% ​
Money Market Funds — 0.7%
 ​
Morgan Stanley Institutional Liquidity Funds Prime Portfolio, 0.36% (e)
 ​ ​ ​ ​ 14,312,996 ​ ​ ​ ​ ​ 14,310,133
Northern Institutional Treasury Portfolio, 0.17% (e)
 ​ ​ ​ ​ 2,642,419 ​ ​ ​ ​ ​ 2,642,419
Total Short-Term Investments ​
(Cost $16,953,077)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 16,952,552
Total — 100.0% ​
(Cost $1,465,550,189)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,533,424,236
Other Assets Less Liabilities — 0.0% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (251,491 )
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,533,172,745
​
​
(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, 2022, investments in affilates were as follows:
​
​
Affiliate
 ​ ​
Shares held
 ​ ​
Net realized gain
(loss) and
long-term capital
gain distributions
 ​ ​
Dividend income
and short-term
capital gain
distributions
 ​ ​
Change in
unrealized
appreciation
 ​ ​
Value
​
​ Adams Funds Advisers, LLC (controlled) ​ ​ ​ ​ n/a ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 466,000 ​ ​
​ Adams Natural Resources Fund, Inc.
(non-controlled)		 ​ ​ ​ ​ 2,186,774 ​ ​ ​ ​ ​ 21,868 ​ ​ ​ ​ ​ 196,810 ​ ​ ​ ​ ​ 9,643,673 ​ ​ ​ ​ ​ 45,769,180 ​ ​
​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 21,868 ​ ​ ​ ​ $ 196,810 ​ ​ ​ ​ $ 9,643,673 ​ ​ ​ ​ $ 46,235,180 ​ ​
Information regarding transactions in equity securities during the quarter can be found on our website at: www.adamsfunds.com.
​