# EDGAR Filing Document

**Accession Number:** 0000002230
**File Stem:** 0001104659-26-053137
**Filing Date:** 2026-4
**Character Count:** 58860
**Document Hash:** 9847535a3b316e6a7274e80c40c198ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-053137.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001104659-26-053137

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260430

**DATE AS OF CHANGE**: 20260430

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADAMS DIVERSIFIED EQUITY FUND, INC.
- **CENTRAL INDEX KEY:** 0000002230

**ORGANIZATION NAME:**
- **EIN:** 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:** 26926982

**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-Ex

Schedule of Investments

March 31, 2026 <br>(unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value (a)** |
| **Common Stocks — 99.4%** | **Common Stocks — 99.4%** | **Common Stocks — 99.4%** |
| &nbsp;&nbsp;&nbsp; **Communication Services — 10.0%** | &nbsp;&nbsp;&nbsp; **Communication Services — 10.0%** | &nbsp;&nbsp;&nbsp; **Communication Services — 10.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alphabet Inc. Class A | 535500 | $153988380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meta Platforms, Inc. Class A | 110500 | 63220365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netflix, Inc. (b) | 210520 | 20241498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Communication Services Select Sector <br>SPDR ETF | 88700 | 9833282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Take-Two Interactive Software, Inc. (b) | 53200 | 10507000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TKO Group Holdings, Inc. Class A | 88500 | 17846025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T-Mobile US, Inc. | 53000 | 11131590 |
|  |  | 286768140 |
| &nbsp;&nbsp;&nbsp; **Consumer Discretionary — 10.0%** | &nbsp;&nbsp;&nbsp; **Consumer Discretionary — 10.0%** | &nbsp;&nbsp;&nbsp; **Consumer Discretionary — 10.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Airbnb, Inc. Class A (b) | 155000 | 19573400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amazon.com, Inc. (b) | 534200 | 111257834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deckers Outdoor Corporation (b) | 84500 | 8457605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home Depot, Inc. | 73800 | 24272082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McDonald's Corporation | 74400 | 23122776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; O'Reilly Automotive, Inc. (b) | 208500 | 19246635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tesla, Inc. (b) | 128900 | 47918575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uber Technologies, Inc. (b) | 314300 | 22607599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wayfair, Inc. Class A (b) | 116700 | 8777007 |
|  |  | 285233513 |
| &nbsp;&nbsp;&nbsp; **Consumer Staples — 5.2%** | &nbsp;&nbsp;&nbsp; **Consumer Staples — 5.2%** | &nbsp;&nbsp;&nbsp; **Consumer Staples — 5.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola Company | 144000 | 10951200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costco Wholesale Corporation | 13700 | 13651091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dollar General Corporation | 138400 | 16432232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PepsiCo, Inc. | 176776 | 27451545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philip Morris International Inc. | 200135 | 33090321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Procter & Gamble Company | 70249 | 10146765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Walmart Inc. | 301443 | 37463336 |
|  |  | 149186490 |
| &nbsp;&nbsp;&nbsp; **Energy — 4.4%** | &nbsp;&nbsp;&nbsp; **Energy — 4.4%** | &nbsp;&nbsp;&nbsp; **Energy — 4.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adams Natural Resources Fund, Inc. (c)(f) | 2621907 | 72889015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chevron Corporation | 140227 | 29012966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Halliburton Company | 303500 | 11833465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Corp. | 48600 | 12185478 |
|  |  | 125920924 |

---

------

Schedule of Investments (continued)

March 31, 2026 <br>(unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value (a)** |
| &nbsp;&nbsp;&nbsp; **Financials — 12.6%** | &nbsp;&nbsp;&nbsp; **Financials — 12.6%** | &nbsp;&nbsp;&nbsp; **Financials — 12.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp. | 932768 | $45472440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berkshire Hathaway Inc. Class B (b) | 83843 | 40177566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corporation | 90370 | 16486199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charles Schwab Corp. | 322800 | 30336744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Everest Group, Ltd. | 27000 | 8824950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. | 36500 | 30878635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. | 204863 | 60262500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; M&T Bank Corporation | 119900 | 24785728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mastercard Incorporated Class A | 35062 | 17519079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MSCI Inc. Class A | 34600 | 18649746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Financial Group, Inc. | 209100 | 18842001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Financial Select Sector SPDR ETF | 255200 | 12599224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Visa Inc. Class A | 113261 | 34232005 |
|  |  | 359066817 |
| &nbsp;&nbsp;&nbsp; **Health Care — 9.5%** | &nbsp;&nbsp;&nbsp; **Health Care — 9.5%** | &nbsp;&nbsp;&nbsp; **Health Care — 9.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AbbVie, Inc. | 129400 | 28143206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Biogen Inc. (b) | 100300 | 18387999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centene Corporation (b) | 226500 | 7415610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVS Health Corporation | 200700 | 14414274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eli Lilly and Company | 50768 | 46694883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | 177100 | 24682427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Johnson & Johnson | 102800 | 25128432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medtronic plc | 192900 | 16714785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Merck & Co., Inc. | 300200 | 36111058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Health Care Select Sector SPDR ETF | 285000 | 41783850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UnitedHealth Group Incorporated | 41000 | 11094190 |
|  |  | 270570714 |
| &nbsp;&nbsp;&nbsp; **Industrials — 9.1%** | &nbsp;&nbsp;&nbsp; **Industrials — 9.1%** | &nbsp;&nbsp;&nbsp; **Industrials — 9.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boeing Company (b) | 37700 | 7503431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EMCOR Group, Inc. | 21800 | 16095158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FedEx Corporation | 65500 | 23329790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GE Aerospace | 45700 | 12968289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GE Vernova Inc. | 43300 | 37796570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; J.B. Hunt Transport Services, Inc. | 107100 | 22694490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Johnson Controls International plc | 137300 | 17979435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc. | 65400 | 22572810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lincoln Electric Holdings, Inc. | 97300 | 24235484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PACCAR Inc | 174000 | 20097000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parker-Hannifin Corporation | 27900 | 24977196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Republic Services, Inc. | 68500 | 15002870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vertiv Holdings Co. Class A | 51800 | 12980044 |
|  |  | 258232567 |

---

------

Schedule of Investments (continued)

March 31, 2026 <br>(unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value (a)** |
| &nbsp;&nbsp;&nbsp; **Information Technology — 32.4%** | &nbsp;&nbsp;&nbsp; **Information Technology — 32.4%** | &nbsp;&nbsp;&nbsp; **Information Technology — 32.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advanced Micro Devices, Inc. (b) | 128000 | $26039040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amphenol Corporation Class A | 133900 | 16918265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Analog Devices, Inc. | 79000 | 25133060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apple Inc. | 767300 | 194733067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arista Networks, Inc. (b) | 163764 | 20106944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadcom Inc. | 262400 | 81215424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | 353800 | 27451342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corning Incorporated | 36300 | 4935711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; International Business Machines Corporation | 61900 | 15003941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lam Research Corporation | 201700 | 43095222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lumentum Holdings, Inc. (b) | 3600 | 2529936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Micron Technology, Inc. | 49800 | 16824432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Microsoft Corporation | 408200 | 151103394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NVIDIA Corporation | 1267000 | 220964800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oracle Corporation | 74700 | 10989117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palantir Technologies Inc. Class A (b) | 118700 | 17363436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palo Alto Networks, Inc. (b) | 116200 | 18629184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salesforce, Inc. | 65700 | 12264219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SanDisk Corporation (b) | 7400 | 4701516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Snowflake, Inc. (b) | 65300 | 9848546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Digital Corporation | 20500 | 5545045 |
|  |  | 925395641 |
| &nbsp;&nbsp;&nbsp; **Materials — 1.8%** | &nbsp;&nbsp;&nbsp; **Materials — 1.8%** | &nbsp;&nbsp;&nbsp; **Materials — 1.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Holdings, Inc. | 115100 | 11538775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecolab Inc. | 34500 | 9177690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | 275500 | 16193890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nucor Corporation | 83200 | 14069120 |
|  |  | 50979475 |
| &nbsp;&nbsp;&nbsp; **Real Estate — 1.9%** | &nbsp;&nbsp;&nbsp; **Real Estate — 1.9%** | &nbsp;&nbsp;&nbsp; **Real Estate — 1.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CBRE Group, Inc. Class A (b) | 94400 | 12787424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iron Mountain, Inc. | 80800 | 8252912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prologis, Inc. | 142000 | 18769560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Storage | 28900 | 7828432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Simon Property Group, Inc. | 35900 | 6696427 |
|  |  | 54334755 |
| &nbsp;&nbsp;&nbsp; **Utilities — 2.5%** | &nbsp;&nbsp;&nbsp; **Utilities — 2.5%** | &nbsp;&nbsp;&nbsp; **Utilities — 2.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ameren Corporation | 146200 | 16070304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Constellation Energy Corporation | 21400 | 5975950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entergy Corporation | 200100 | 22483236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | 259400 | 24093072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Corp. | 18900 | 2841237 |
|  |  | 71463799 |
| **Total Common Stocks** | **Total Common Stocks** | **Total Common Stocks** |
| &nbsp;&nbsp;&nbsp; (Cost $1,480,850,383) |  | 2837152835 |

---

------

Schedule of Investments (continued)

March 31, 2026 <br>(unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value (a)** |
| **Other Investments — 0.0%** | **Other Investments — 0.0%** | **Other Investments — 0.0%** |
| &nbsp;&nbsp;&nbsp; **Financials — 0.0%** | &nbsp;&nbsp;&nbsp; **Financials — 0.0%** | &nbsp;&nbsp;&nbsp; **Financials — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adams Funds Advisers, LLC (b)(d)(f) |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $150,000) |  | $466000 |
| **Short-Term Investments — 0.6%** | **Short-Term Investments — 0.6%** | **Short-Term Investments — 0.6%** |
| &nbsp;&nbsp;&nbsp; **Money Market Funds — 0.6%** | &nbsp;&nbsp;&nbsp; **Money Market Funds — 0.6%** | &nbsp;&nbsp;&nbsp; **Money Market Funds — 0.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Institutional Liquidity Funds Prime Portfolio, Institutional Class, 3.70% (e) | 16348014 | 16348014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Funds Treasury Portfolio, Premier Class, 3.53% (e) | 449232 | 449232 |
| **Total Short-Term Investments** | **Total Short-Term Investments** | **Total Short-Term Investments** |
| &nbsp;&nbsp;&nbsp; (Cost $16,798,036) |  | 16797246 |
| **Total — 100.0%** | **Total — 100.0%** | **Total — 100.0%** |
| &nbsp;&nbsp;&nbsp; (Cost $1,497,798,419) |  | 2854416081 |
| Other Assets Less Liabilities — 0.0% |  | 506258 |
| **Net Assets — 100.0%** |  | $2854922339 |

---

(a)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Presently non-dividend paying.

(c)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlled affiliate, a closed-end sector fund, registered as an investment company under the Investment Company Act of 1940.

(d)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Controlled affiliate valued using fair value procedures.

(e)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rate presented is as of period-end and represents the annualized yield earned over the previous seven days.

(f)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; During the three months ended March 31, 2026, investments in affilates were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Affiliate**  | **Shares held** | **Net realized gain <br>(loss) and capital <br>gain distributions** | **Dividend income**  | **Change in <br>unrealized <br>appreciation** | **Value** |
| Adams Funds Advisers, LLC (controlled) | n/a | $— | $— | $— | $466000 |
| Adams Natural Resources Fund, Inc. <br>(non-controlled)\* | 2621907 |  | 1260615 | 15698263 | 72889015 |
| Total |  | $— | $1260615 | $15698263 | $73355015 |

---

\*<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Fund elected to receive 49,223 shares (cost basis $1,260,594) in lieu of cash for distributions received in 2026. Cost basis at end of period was $43,689,507.

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

------

## 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:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $2871251030.00

**Total Liabilities:** $16328691.00

**Net Assets:** $2854922339.00

**Cash Not Reported:** $263487.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 1.60%                | -0.30%               | -5.50%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $46652322.40             | $-1603517.39                               |
| Month 2  | $-7384065.67             | $-25779132.44                              |
| Month 3  | $29932821.17             | $-192450809.46                             |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie, Inc.                                                            | AbbVie, Inc.                                                            | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    129400 | NS      | $28143206.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Adams Natural Resources Fund, Inc.                                      | Adams Natural Resources Fund, Inc.                                      | CUSIP: 00548F105<br>LEI: 549300LPTQAH0G3NGD42 | Long             | EC               | RF                | US        |   2621907 | NS      | $72889014.60  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.                                            | Advanced Micro Devices, Inc.                                            | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    128000 | NS      | $26039040.00  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb, Inc. Class A                                                    | Airbnb, Inc. Class A                                                    | CUSIP: 009066101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    155000 | NS      | $19573400.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc. Class A                                                   | Alphabet Inc. Class A                                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    535500 | NS      | $153988380.00 | 5.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                                        | Amazon.com, Inc.                                                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    534200 | NS      | $111257834.00 | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corporation                                                      | Ameren Corporation                                                      | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    146200 | NS      | $16070304.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation Class A                                            | Amphenol Corporation Class A                                            | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    133900 | NS      | $16918265.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                                                    | Analog Devices, Inc.                                                    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     79000 | NS      | $25133060.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                                              | Apple Inc.                                                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    767300 | NS      | $194733067.00 | 6.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks, Inc.                                                   | Arista Networks, Inc.                                                   | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    163764 | NS      | $20106943.92  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                                   | Bank of America Corp.                                                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    932768 | NS      | $45472440.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc. Class B                                         | Berkshire Hathaway Inc. Class B                                         | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     83843 | NS      | $40177565.60  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc.                                                             | Biogen Inc.                                                             | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |    100300 | NS      | $18387999.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Company                                                          | Boeing Company                                                          | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     37700 | NS      | $7503431.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc.                                                           | Broadcom Inc.                                                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    262400 | NS      | $81215424.00  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corporation                                       | Capital One Financial Corporation                                       | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     90370 | NS      | $16486199.10  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group, Inc. Class A                                                | CBRE Group, Inc. Class A                                                | CUSIP: 12504L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94400 | NS      | $12787424.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corporation                                                     | Centene Corporation                                                     | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |    226500 | NS      | $7415610.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp.                                                    | Charles Schwab Corp.                                                    | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    322800 | NS      | $30336744.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corporation                                                     | Chevron Corporation                                                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    140227 | NS      | $29012966.30  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                                                     | Cisco Systems, Inc.                                                     | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |    353800 | NS      | $27451342.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Company                                                       | Coca-Cola Company                                                       | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    144000 | NS      | $10951200.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corporation                                        | Constellation Energy Corporation                                        | CUSIP: 21037T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21400 | NS      | $5975950.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                                                    | Corning Incorporated                                                    | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     36300 | NS      | $4935711.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                                            | Costco Wholesale Corporation                                            | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     13700 | NS      | $13651091.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings, Inc.                                                    | Crown Holdings, Inc.                                                    | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |    115100 | NS      | $11538775.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corporation                                                  | CVS Health Corporation                                                  | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    200700 | NS      | $14414274.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corporation                                             | Deckers Outdoor Corporation                                             | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     84500 | NS      | $8457605.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corporation                                              | Dollar General Corporation                                              | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |    138400 | NS      | $16432232.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                                             | Ecolab Inc.                                                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     34500 | NS      | $9177690.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly and Company                                                   | Eli Lilly and Company                                                   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     50768 | NS      | $46694883.36  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group, Inc.                                                       | EMCOR Group, Inc.                                                       | CUSIP: 29084Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21800 | NS      | $16095158.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                                                     | Entergy Corporation                                                     | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    200100 | NS      | $22483236.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group, Ltd.                                                     | Everest Group, Ltd.                                                     | CUSIP: G3223R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27000 | NS      | $8824950.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                                                       | FedEx Corporation                                                       | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     65500 | NS      | $23329790.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan, Inc.                                                  | Freeport-McMoRan, Inc.                                                  | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    275500 | NS      | $16193890.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                                                            | GE Aerospace                                                            | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     45700 | NS      | $12968289.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                                                         | GE Vernova Inc.                                                         | CUSIP: 36828A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43300 | NS      | $37796570.00  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                                                   | Gilead Sciences, Inc.                                                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    177100 | NS      | $24682427.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                                               | Goldman Sachs Group, Inc.                                               | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     36500 | NS      | $30878635.00  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                                                     | Halliburton Company                                                     | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |    303500 | NS      | $11833465.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc.                                                        | Home Depot, Inc.                                                        | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     73800 | NS      | $24272082.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corporation                             | International Business Machines Corporation                             | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     61900 | NS      | $15003941.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain, Inc.                                                     | Iron Mountain, Inc.                                                     | CUSIP: 46284V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80800 | NS      | $8252912.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| J.B. Hunt Transport Services, Inc.                                      | J.B. Hunt Transport Services, Inc.                                      | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |    107100 | NS      | $22694490.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                                       | Johnson & Johnson                                                       | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    102800 | NS      | $25128432.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc                                      | Johnson Controls International plc                                      | CUSIP: G51502105<br>LEI: 3LB2NG8VUULSCV2NO430 | Long             | EC               | CORP              | US        |    137300 | NS      | $17979435.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                                    | JPMorgan Chase & Co.                                                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    204863 | NS      | $60262500.08  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies, Inc.                                             | L3Harris Technologies, Inc.                                             | CUSIP: 502431109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65400 | NS      | $22572810.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                                                | Lam Research Corporation                                                | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    201700 | NS      | $43095222.00  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings, Inc.                                         | Lincoln Electric Holdings, Inc.                                         | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     97300 | NS      | $24235484.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings, Inc.                                                 | Lumentum Holdings, Inc.                                                 | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      3600 | NS      | $2529936.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                                                    | M&T Bank Corporation                                                    | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |    119900 | NS      | $24785728.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Incorporated Class A                                         | Mastercard Incorporated Class A                                         | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     35062 | NS      | $17519078.92  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corporation                                                  | McDonald's Corporation                                                  | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     74400 | NS      | $23122776.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                                           | Medtronic plc                                                           | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    192900 | NS      | $16714785.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                                                       | Merck & Co., Inc.                                                       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    300200 | NS      | $36111058.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc. Class A                                            | Meta Platforms, Inc. Class A                                            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    110500 | NS      | $63220365.00  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology, Inc.                                                 | Micron Technology, Inc.                                                 | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     49800 | NS      | $16824432.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                                                   | Microsoft Corporation                                                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    408200 | NS      | $151103394.00 | 5.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc. Class A                                                       | MSCI Inc. Class A                                                       | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     34600 | NS      | $18649746.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                                           | Netflix, Inc.                                                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    210520 | NS      | $20241498.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                                                    | NextEra Energy, Inc.                                                    | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    259400 | NS      | $24093072.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corporation                                                       | Nucor Corporation                                                       | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     83200 | NS      | $14069120.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corporation                                                      | NVIDIA Corporation                                                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   1267000 | NS      | $220964800.00 | 7.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corporation                                                      | Oracle Corporation                                                      | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     74700 | NS      | $10989117.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.                                               | O'Reilly Automotive, Inc.                                               | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |    208500 | NS      | $19246635.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                                              | PACCAR Inc                                                              | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |    174000 | NS      | $20097000.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc. Class A                                      | Palantir Technologies Inc. Class A                                      | CUSIP: 69608A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118700 | NS      | $17363436.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.                                                | Palo Alto Networks, Inc.                                                | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    116200 | NS      | $18629184.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corporation                                             | Parker-Hannifin Corporation                                             | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     27900 | NS      | $24977196.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                                                           | PepsiCo, Inc.                                                           | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    176776 | NS      | $27451545.04  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                                        | Philip Morris International Inc.                                        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    200135 | NS      | $33090320.90  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group, Inc.                                         | Principal Financial Group, Inc.                                         | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |    209100 | NS      | $18842001.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Company                                                | Procter & Gamble Company                                                | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     70249 | NS      | $10146765.56  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                                                          | Prologis, Inc.                                                          | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    142000 | NS      | $18769560.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                                          | Public Storage                                                          | CUSIP: 74460D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28900 | NS      | $7828432.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                                                 | Republic Services, Inc.                                                 | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     68500 | NS      | $15002870.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                                                        | Salesforce, Inc.                                                        | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     65700 | NS      | $12264219.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SanDisk Corporation                                                     | SanDisk Corporation                                                     | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7400 | NS      | $4701516.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group, Inc.                                              | Simon Property Group, Inc.                                              | CUSIP: 828806109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35900 | NS      | $6696427.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake, Inc.                                                         | Snowflake, Inc.                                                         | CUSIP: 833445109<br>LEI: 549300C5O4FSVNUEI843 | Long             | EC               | CORP              | US        |     65300 | NS      | $9848546.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Communication Services Select Sector SPDR ETF              | State Street Communication Services Select Sector SPDR ETF              | CUSIP: 81369Y852<br>LEI: N/A                  | Long             | EC               | RF                | US        |     88700 | NS      | $9833282.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Financial Select Sector SPDR ETF                           | State Street Financial Select Sector SPDR ETF                           | CUSIP: 81369Y605<br>LEI: 549300Y12KQ6ZG08NY28 | Long             | EC               | RF                | US        |    255200 | NS      | $12599224.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Health Care Select Sector SPDR ETF                         | State Street Health Care Select Sector SPDR ETF                         | CUSIP: 81369Y209<br>LEI: 549300EJNY3KKJHPOY44 | Long             | EC               | RF                | US        |    285000 | NS      | $41783850.00  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software, Inc.                                     | Take-Two Interactive Software, Inc.                                     | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     53200 | NS      | $10507000.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                                                   | Targa Resources Corp.                                                   | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     48600 | NS      | $12185478.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla, Inc.                                                             | Tesla, Inc.                                                             | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    128900 | NS      | $47918575.00  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings, Inc. Class A                                        | TKO Group Holdings, Inc. Class A                                        | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88500 | NS      | $17846025.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US, Inc.                                                       | T-Mobile US, Inc.                                                       | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     53000 | NS      | $11131590.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies, Inc.                                                 | Uber Technologies, Inc.                                                 | CUSIP: 90353T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    314300 | NS      | $22607599.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Incorporated                                         | UnitedHealth Group Incorporated                                         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     41000 | NS      | $11094190.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co. Class A                                             | Vertiv Holdings Co. Class A                                             | CUSIP: 92537N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51800 | NS      | $12980044.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc. Class A                                                       | Visa Inc. Class A                                                       | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    113261 | NS      | $34232004.64  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp.                                                            | Vistra Corp.                                                            | CUSIP: 92840M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18900 | NS      | $2841237.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc.                                                            | Walmart Inc.                                                            | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    301443 | NS      | $37463336.04  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair, Inc. Class A                                                   | Wayfair, Inc. Class A                                                   | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |    116700 | NS      | $8777007.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corporation                                             | Western Digital Corporation                                             | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     20500 | NS      | $5545045.00   | 0.19%             |  |  |  | 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      |
| Morgan Stanley Institutional Liquidity Funds Prime Portfolio, Ins Class | Morgan Stanley Institutional Liquidity Funds Prime Portfolio, Ins Class | CUSIP: 61747C715<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  16348014 | NS      | $16348014.29  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds Treasury Portfolio, Premier Class          | Northern Institutional Funds Treasury Portfolio, Premier Class          | CUSIP: 665279873<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    449232 | NS      | $449231.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

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

**Signature:** Christy Sloan

**Name of Signer:** Christy Sloan

**Title:** Treasurer