# EDGAR Filing Document

**Accession Number:** 0000002230
**File Stem:** 0001104659-23-026394
**Filing Date:** 2023-2
**Character Count:** 36881
**Document Hash:** 1e319439c11620448ab12a5f769bd252
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-026394.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001104659-23-026394

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**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:** 23678542

**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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Adams Diversified Equity Fund, Inc.

- **b. Investment Company Act file number:** 811-00248

- **c. CIK number of Registrant:** 0000002230

- **d. LEI of Registrant:** 5493005W7G81BNPP7M23

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 500 East Pratt Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

  - **Telephone number:** 410-752-5900

**Item A.2. Information about the Series.**

- **a. Name of Series:** N/A

- **c. LEI of Series:** N/A

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2128442623.00

**Total Liabilities:** $27704890.00

**Net Assets:** $2100737733.00

**Cash Not Reported:** $247211.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 7.40%                | 5.40%                | -6.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3593228.84             | $160783551.10                              |
| Month 2  | $7333408.93              | $103207837.03                              |
| Month 3  | $18832948.66             | $-148630516.67                             |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                             | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adams Natural Resources Fund, Inc.               | Adams Natural Resources Fund, Inc.               | CUSIP: 00548F105<br>LEI: 549300LPTQAH0G3NGD42 | Long             | EC               | RF                | US        |   2186774 | NS      | $47671673.20  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                             | Steel Dynamics, Inc.                             | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     98500 | NS      | $9623450.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Company                                   | Boeing Company                                   | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     79300 | NS      | $15105857.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation                     | General Dynamics Corporation                     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |    109800 | NS      | $27242478.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll-Rand Plc                               | Ingersoll-Rand Plc                               | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |    302900 | NS      | $15826525.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings, Inc.                  | Lincoln Electric Holdings, Inc.                  | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     98980 | NS      | $14301620.20  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation                     | Northrop Grumman Corporation                     | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     46200 | NS      | $25207182.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corporation                      | Parker-Hannifin Corporation                      | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     82400 | NS      | $23978400.00  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                            | Quanta Services, Inc.                            | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |    153300 | NS      | $21845250.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Incorporated                     | TransDigm Group Incorporated                     | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26700 | NS      | $16811655.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                        | Union Pacific Corporation                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     92600 | NS      | $19174682.00  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                   | ConocoPhillips                                   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    215300 | NS      | $25405400.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                 | Amazon.com, Inc.                                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    538100 | NS      | $45200400.00  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc.                            | Booking Holdings Inc.                            | CUSIP: 09857L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8200 | NS      | $16525296.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Limited                           | Capri Holdings Limited                           | CUSIP: G1890L107<br>LEI: N/A                  | Long             | EC               | CORP              | BV        |    280700 | NS      | $16089724.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc.                                 | Home Depot, Inc.                                 | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     58000 | NS      | $18319880.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp.                            | Las Vegas Sands Corp.                            | CUSIP: 517834107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    250400 | NS      | $12036728.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc. Class A             | Marriott International, Inc. Class A             | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     94800 | NS      | $14114772.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.                        | O'Reilly Automotive, Inc.                        | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     24600 | NS      | $20763138.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla, Inc.                                      | Tesla, Inc.                                      | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    131500 | NS      | $16198170.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Company                           | Tractor Supply Company                           | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    104700 | NS      | $23554359.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty, Inc.                                | Ulta Beauty, Inc.                                | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     44600 | NS      | $20920522.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corporation                   | Marathon Petroleum Corporation                   | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    187000 | NS      | $21764930.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                                | YUM! Brands, Inc.                                | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |    113200 | NS      | $14498656.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Company                   | Archer-Daniels-Midland Company                   | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |    133900 | NS      | $12432615.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Company                                | Coca-Cola Company                                | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    165700 | NS      | $10540177.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc. Class A               | Constellation Brands, Inc. Class A               | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |     70600 | NS      | $16361550.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Consumer Staples Select Sector SPDR Fund         | Consumer Staples Select Sector SPDR Fund         | CUSIP: 81369Y308<br>LEI: 549300Z52QUV3UXHLA68 | Long             | EC               | RF                | US        |     83100 | NS      | $6195105.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                     | Costco Wholesale Corporation                     | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     29000 | NS      | $13238500.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Brewing Company Class B             | Molson Coors Brewing Company Class B             | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |    288100 | NS      | $14842912.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                                    | PepsiCo, Inc.                                    | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     78800 | NS      | $14236008.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                 | Philip Morris International Inc.                 | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    204600 | NS      | $20707566.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Company                         | Procter & Gamble Company                         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    115650 | NS      | $17527914.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Company                | Pioneer Natural Resources Company                | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     63600 | NS      | $14525604.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corporation                                | Sysco Corporation                                | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |    223600 | NS      | $17094220.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                     | AbbVie, Inc.                                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    129300 | NS      | $20896173.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AmerisourceBergen Corporation                    | AmerisourceBergen Corporation                    | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |    156900 | NS      | $25999899.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corporation                           | CVS Health Corporation                           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    385000 | NS      | $35878150.00  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly and Company                            | Eli Lilly and Company                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     53200 | NS      | $19462688.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Health Care Select Sector SPDR Fund              | Health Care Select Sector SPDR Fund              | CUSIP: 81369Y209<br>LEI: 549300EJNY3KKJHPOY44 | Long             | EC               | CORP              | US        |     76900 | NS      | $10446865.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corporation                               | Incyte Corporation                               | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | RF                | US        |    304300 | NS      | $24441376.00  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                | Johnson & Johnson                                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    121800 | NS      | $21515970.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                                | Merck & Co., Inc.                                | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     84000 | NS      | $9319800.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare, Inc.                          | Molina Healthcare, Inc.                          | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |     72900 | NS      | $24073038.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals, Inc.                 | Air Products and Chemicals, Inc.                 | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     22300 | NS      | $6874198.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                      | Pfizer Inc.                                      | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    373700 | NS      | $19148388.00  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.                  | Regeneron Pharmaceuticals, Inc.                  | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     33500 | NS      | $24169915.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc.                    | Thermo Fisher Scientific Inc.                    | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     76600 | NS      | $42182854.00  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Incorporated                  | UnitedHealth Group Incorporated                  | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     99300 | NS      | $52646874.00  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc.               | American International Group, Inc.               | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    493600 | NS      | $31215264.00  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                            | Bank of America Corp.                            | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    916400 | NS      | $30351168.00  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc. Class B                  | Berkshire Hathaway Inc. Class B                  | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    117800 | NS      | $36388420.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corporation                       | Charles Schwab Corporation                       | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    366200 | NS      | $30489812.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                             | JPMorgan Chase & Co.                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    247887 | NS      | $33241646.70  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                        | MarketAxess Holdings Inc.                        | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     39781 | NS      | $11094523.09  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corporation                                  | FMC Corporation                                  | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     75300 | NS      | $9397440.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                   | Morgan Stanley                                   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    261869 | NS      | $22264102.38  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Company                            | Wells Fargo & Company                            | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    743100 | NS      | $30682599.00  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson International, Inc.         | Willis Towers Watson International, Inc.         | CUSIP: G96629103<br>LEI: 549300FLMVQFAZRFS627 | Long             | EC               | CORP              | US        |     96700 | NS      | $23650886.00  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.                     | Advanced Micro Devices, Inc.                     | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    106300 | NS      | $6885051.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                       | Apple Inc.                                       | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    954500 | NS      | $124018185.00 | 5.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks, Inc.                            | Arista Networks, Inc.                            | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    149200 | NS      | $18105420.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.                  | Automatic Data Processing, Inc.                  | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     95200 | NS      | $22739472.00  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                              | Cisco Systems, Inc.                              | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |    271900 | NS      | $12953316.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc.                                      | Intuit Inc.                                      | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     47600 | NS      | $18526872.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                         | Lam Research Corporation                         | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     48900 | NS      | $20552670.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                                        | Linde plc                                        | CUSIP: G5494J103<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     46700 | NS      | $15232606.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Incorporated Class A                  | Mastercard Incorporated Class A                  | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    122900 | NS      | $42736017.00  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                            | Microsoft Corporation                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    595700 | NS      | $142860774.00 | 6.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corporation                               | NVIDIA Corporation                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    166400 | NS      | $24317696.00  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corporation                               | Oracle Corporation                               | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    109400 | NS      | $8942356.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.                         | Palo Alto Networks, Inc.                         | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     93000 | NS      | $12977220.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                            | Paycom Software, Inc.                            | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     44200 | NS      | $13715702.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Incorporated                            | QUALCOMM Incorporated                            | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    183100 | NS      | $20130014.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Technology Select Sector SPDR Fund               | Technology Select Sector SPDR Fund               | CUSIP: 81369Y803<br>LEI: 549300BR5T0JNM2MW070 | Long             | EC               | CORP              | US        |     49700 | NS      | $6184668.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc. Class A                                | Visa Inc. Class A                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | RF                | US        |    177300 | NS      | $36835848.00  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc. Class A                            | Alphabet Inc. Class A                            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    736900 | NS      | $65016687.00  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.                   | LyondellBasell Industries N.V.                   | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     41900 | NS      | $3478957.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation Class A                      | Comcast Corporation Class A                      | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    533000 | NS      | $18639010.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                             | Electronic Arts Inc.                             | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |    177100 | NS      | $21638078.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                             | Meta Platforms, Inc.                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    141500 | NS      | $17028110.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US, Inc.                                | T-Mobile US, Inc.                                | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    104300 | NS      | $14602000.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                      | Verizon Communications Inc.                      | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    259000 | NS      | $10204600.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                              | Walt Disney Company                              | CUSIP: 254687106<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | EC               | CORP              | US        |     58800 | NS      | $5108544.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy, Inc.                         | CenterPoint Energy, Inc.                         | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    460600 | NS      | $13813394.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                           | CMS Energy Corporation                           | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    242800 | NS      | $15376524.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                                  | PPL Corporation                                  | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    576500 | NS      | $16845330.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                                    | Sempra Energy                                    | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    104800 | NS      | $16195792.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Company                         | Sherwin-Williams Company                         | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     46000 | NS      | $10917180.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                                   | Prologis, Inc.                                   | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    174800 | NS      | $19705204.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                   | Public Storage                                   | CUSIP: 74460D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31800 | NS      | $8910042.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation                        | Realty Income Corporation                        | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |    190900 | NS      | $12108787.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corporation Class A           | SBA Communications Corporation Class A           | CUSIP: 78410G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45200 | NS      | $12670012.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Adams Funds Advisers, LLC                        | Adams Funds Advisers, LLC                        | CUSIP: 134912740<br>LEI: N/A                  | Long             |  | CORP              | US        |         1 | OU      | $466000.00    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Western Asset Institutional Liquid Reserves Fund | Western Asset Institutional Liquid Reserves Fund | CUSIP: 52470G882<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  17505542 | NS      | $17505541.75  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Treasury Portfolio        | Northern Institutional Treasury Portfolio        | CUSIP: 665279808<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2410526 | NS      | $2410526.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** Adams Diversified Equity Fund, Inc.

**Signature:** Christy Sloan

**Name of Signer:** Christy Sloan

**Title:** Assistant Treasurer