​
Schedule of Investments
​
March 31, 2024
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Common Stocks — 99.5% ​
Communication Services — 9.0%
 ​
Alphabet Inc. Class A (b)
 ​ ​ ​ ​ 709,600 ​ ​ ​ ​ $ 107,099,928 ​ ​
Meta Platforms, Inc. Class A
 ​ ​ ​ ​ 158,100 ​ ​ ​ ​ ​ 76,770,198 ​ ​
Netflix, Inc. (b)
 ​ ​ ​ ​ 52,422 ​ ​ ​ ​ ​ 31,837,453 ​ ​
Verizon Communications Inc.
 ​ ​ ​ ​ 617,000 ​ ​ ​ ​ ​ 25,889,320 ​ ​
Walt Disney Company
 ​ ​ ​ ​ 118,900 ​ ​ ​ ​ ​ 14,548,604 ​ ​
​ ​ ​ ​ ​ 256,145,503 ​ ​
Consumer Discretionary — 10.8%
 ​
Amazon.com, Inc. (b)
 ​ ​ ​ ​ 684,600 ​ ​ ​ ​ ​ 123,488,148 ​ ​
Booking Holdings Inc.
 ​ ​ ​ ​ 7,000 ​ ​ ​ ​ ​ 25,395,160 ​ ​
Home Depot, Inc.
 ​ ​ ​ ​ 41,500 ​ ​ ​ ​ ​ 15,919,400 ​ ​
McDonald’s Corporation
 ​ ​ ​ ​ 93,400 ​ ​ ​ ​ ​ 26,334,130 ​ ​
NIKE, Inc. Class B
 ​ ​ ​ ​ 211,100 ​ ​ ​ ​ ​ 19,839,178 ​ ​
O’Reilly Automotive, Inc. (b)
 ​ ​ ​ ​ 22,800 ​ ​ ​ ​ ​ 25,738,464 ​ ​
Tesla, Inc. (b)
 ​ ​ ​ ​ 134,700 ​ ​ ​ ​ ​ 23,678,913 ​ ​
Uber Technologies, Inc. (b)
 ​ ​ ​ ​ 357,200 ​ ​ ​ ​ ​ 27,500,828 ​ ​
Ulta Beauty, Inc. (b)
 ​ ​ ​ ​ 31,900 ​ ​ ​ ​ ​ 16,679,872 ​ ​
​ ​ ​ ​ ​ 304,574,093 ​ ​
Consumer Staples — 5.8%
 ​
Coca-Cola Company
 ​ ​ ​ ​ 144,000 ​ ​ ​ ​ ​ 8,809,920 ​ ​
Colgate-Palmolive Company
 ​ ​ ​ ​ 255,200 ​ ​ ​ ​ ​ 22,980,760 ​ ​
Monster Beverage Corporation (b)
 ​ ​ ​ ​ 242,668 ​ ​ ​ ​ ​ 14,385,359 ​ ​
PepsiCo, Inc.
 ​ ​ ​ ​ 47,800 ​ ​ ​ ​ ​ 8,365,478 ​ ​
Philip Morris International Inc.
 ​ ​ ​ ​ 259,935 ​ ​ ​ ​ ​ 23,815,245 ​ ​
Procter & Gamble Company
 ​ ​ ​ ​ 226,849 ​ ​ ​ ​ ​ 36,806,250 ​ ​
Target Corporation
 ​ ​ ​ ​ 112,500 ​ ​ ​ ​ ​ 19,936,125 ​ ​
Walmart Inc.
 ​ ​ ​ ​ 506,943 ​ ​ ​ ​ ​ 30,502,760 ​ ​
​ ​ ​ ​ ​ 165,601,897 ​ ​
Energy — 4.1%
 ​
Adams Natural Resources Fund, Inc. (c)(g)
 ​ ​ ​ ​ 2,186,774 ​ ​ ​ ​ ​ 50,427,008 ​ ​
Chevron Corporation
 ​ ​ ​ ​ 89,500 ​ ​ ​ ​ ​ 14,117,730 ​ ​
Diamondback Energy, Inc.
 ​ ​ ​ ​ 90,600 ​ ​ ​ ​ ​ 17,954,202 ​ ​
Hess Corporation
 ​ ​ ​ ​ 92,600 ​ ​ ​ ​ ​ 14,134,464 ​ ​
Marathon Petroleum Corporation
 ​ ​ ​ ​ 99,837 ​ ​ ​ ​ ​ 20,117,156 ​ ​
​ ​ ​ ​ 116,750,560 ​ ​
5
​
Schedule of Investments (continued)
​
March 31, 2024
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Financials — 12.8%
 ​
American International Group, Inc.
 ​ ​ ​ ​ 367,000 ​ ​ ​ ​ $ 28,688,390 ​ ​
Bank of America Corp.
 ​ ​ ​ ​ 1,105,368 ​ ​ ​ ​ ​ 41,915,555 ​ ​
Berkshire Hathaway Inc. Class B (b)
 ​ ​ ​ ​ 82,643 ​ ​ ​ ​ ​ 34,753,034 ​ ​
Blackstone Inc.
 ​ ​ ​ ​ 153,600 ​ ​ ​ ​ ​ 20,178,432 ​ ​
Cboe Global Markets, Inc.
 ​ ​ ​ ​ 124,800 ​ ​ ​ ​ ​ 22,929,504 ​ ​
JPMorgan Chase & Co.
 ​ ​ ​ ​ 304,363 ​ ​ ​ ​ ​ 60,963,909 ​ ​
Marsh & McLennan Companies, Inc.
 ​ ​ ​ ​ 100,100 ​ ​ ​ ​ ​ 20,618,598 ​ ​
Mastercard Incorporated Class A
 ​ ​ ​ ​ 30,562 ​ ​ ​ ​ ​ 14,717,742 ​ ​
MetLife, Inc.
 ​ ​ ​ ​ 220,200 ​ ​ ​ ​ ​ 16,319,022 ​ ​
Morgan Stanley
 ​ ​ ​ ​ 302,269 ​ ​ ​ ​ ​ 28,461,649 ​ ​
S&P Global, Inc.
 ​ ​ ​ ​ 39,600 ​ ​ ​ ​ ​ 16,847,820 ​ ​
Visa Inc. Class A
 ​ ​ ​ ​ 195,161 ​ ​ ​ ​ ​ 54,465,532 ​ ​
​ ​ ​ ​ ​ 360,859,187 ​ ​
Health Care — 12.3%
 ​
AbbVie, Inc.
 ​ ​ ​ ​ 180,000 ​ ​ ​ ​ ​ 32,778,000 ​ ​
Cencora, Inc.
 ​ ​ ​ ​ 140,500 ​ ​ ​ ​ ​ 34,140,095 ​ ​
DexCom, Inc. (b)
 ​ ​ ​ ​ 194,957 ​ ​ ​ ​ ​ 27,040,536 ​ ​
Eli Lilly and Company
 ​ ​ ​ ​ 63,568 ​ ​ ​ ​ ​ 49,453,361 ​ ​
Health Care Select Sector SPDR Fund
 ​ ​ ​ ​ 218,500 ​ ​ ​ ​ ​ 32,279,005 ​ ​
IDEXX Laboratories, Inc. (b)
 ​ ​ ​ ​ 26,100 ​ ​ ​ ​ ​ 14,092,173 ​ ​
Johnson & Johnson
 ​ ​ ​ ​ 101,200 ​ ​ ​ ​ ​ 16,008,828 ​ ​
Merck & Co., Inc.
 ​ ​ ​ ​ 86,400 ​ ​ ​ ​ ​ 11,400,480 ​ ​
Regeneron Pharmaceuticals, Inc. (b)
 ​ ​ ​ ​ 32,300 ​ ​ ​ ​ ​ 31,088,427 ​ ​
Thermo Fisher Scientific Inc.
 ​ ​ ​ ​ 40,700 ​ ​ ​ ​ ​ 23,655,247 ​ ​
UnitedHealth Group Incorporated
 ​ ​ ​ ​ 107,700 ​ ​ ​ ​ ​ 53,279,190 ​ ​
Zoetis, Inc. Class A
 ​ ​ ​ ​ 135,900 ​ ​ ​ ​ ​ 22,995,639 ​ ​
​ ​ ​ ​ ​ 348,210,981 ​ ​
Industrials — 8.3%
 ​
Boeing Company (b)
 ​ ​ ​ ​ 34,777 ​ ​ ​ ​ ​ 6,711,613 ​ ​
Generac Holdings Inc. (b)
 ​ ​ ​ ​ 103,400 ​ ​ ​ ​ ​ 13,042,876 ​ ​
Hubbell Incorporated
 ​ ​ ​ ​ 55,400 ​ ​ ​ ​ ​ 22,993,770 ​ ​
Ingersoll Rand Inc.
 ​ ​ ​ ​ 267,300 ​ ​ ​ ​ ​ 25,380,135 ​ ​
Leidos Holdings, Inc.
 ​ ​ ​ ​ 195,900 ​ ​ ​ ​ ​ 25,680,531 ​ ​
Pentair plc
 ​ ​ ​ ​ 272,900 ​ ​ ​ ​ ​ 23,316,576 ​ ​
Republic Services, Inc.
 ​ ​ ​ ​ 132,500 ​ ​ ​ ​ ​ 25,365,800 ​ ​
Trane Technologies plc
 ​ ​ ​ ​ 97,000 ​ ​ ​ ​ ​ 29,119,400 ​ ​
TransDigm Group Incorporated
​ ​ ​ ​ 22,600 ​ ​ ​ ​ ​ 27,834,160 ​ ​
Union Pacific Corporation
 ​ ​ ​ ​ 142,400 ​ ​ ​ ​ ​ 35,020,432 ​ ​
​ ​ ​ ​ ​ 234,465,293 ​ ​
6​
​
Schedule of Investments (continued)
​
March 31, 2024
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
Information Technology — 29.8%
 ​
Accenture plc Class A
 ​ ​ ​ ​ 38,319 ​ ​ ​ ​ $ 13,281,749 ​ ​
Adobe Inc. (b)
 ​ ​ ​ ​ 58,300 ​ ​ ​ ​ ​ 29,418,180 ​ ​
Advanced Micro Devices, Inc. (b)
 ​ ​ ​ ​ 197,100 ​ ​ ​ ​ ​ 35,574,579 ​ ​
Analog Devices, Inc.
 ​ ​ ​ ​ 112,000 ​ ​ ​ ​ ​ 22,152,480 ​ ​
Apple Inc.
 ​ ​ ​ ​ 874,100 ​ ​ ​ ​ ​ 149,890,668 ​ ​
Arista Networks, Inc. (b)
 ​ ​ ​ ​ 70,391 ​ ​ ​ ​ ​ 20,411,982 ​ ​
Broadcom Inc.
 ​ ​ ​ ​ 8,800 ​ ​ ​ ​ ​ 11,663,608 ​ ​
Cisco Systems, Inc.
 ​ ​ ​ ​ 359,400 ​ ​ ​ ​ ​ 17,937,654 ​ ​
Intuit Inc.
 ​ ​ ​ ​ 47,600 ​ ​ ​ ​ ​ 30,940,000 ​ ​
Lam Research Corporation
 ​ ​ ​ ​ 37,500 ​ ​ ​ ​ ​ 36,433,875 ​ ​
Micron Technology, Inc.
 ​ ​ ​ ​ 260,700 ​ ​ ​ ​ ​ 30,733,923 ​ ​
Microsoft Corporation
 ​ ​ ​ ​ 531,800 ​ ​ ​ ​ ​ 223,738,896 ​ ​
NVIDIA Corporation
 ​ ​ ​ ​ 161,100 ​ ​ ​ ​ ​ 145,563,516 ​ ​
Oracle Corporation
 ​ ​ ​ ​ 48,800 ​ ​ ​ ​ ​ 6,129,768 ​ ​
Salesforce, Inc.
 ​ ​ ​ ​ 135,700 ​ ​ ​ ​ ​ 40,870,126 ​ ​
Synopsys, Inc. (b)
 ​ ​ ​ ​ 50,100 ​ ​ ​ ​ ​ 28,632,150 ​ ​
​ ​ ​ ​ ​ 843,373,154 ​ ​
Materials — 2.2%
 ​
Avery Dennison Corporation
 ​ ​ ​ ​ 25,900 ​ ​ ​ ​ ​ 5,782,175 ​ ​
Freeport-McMoRan, Inc.
 ​ ​ ​ ​ 404,100 ​ ​ ​ ​ ​ 19,000,782 ​ ​
Linde plc
 ​ ​ ​ ​ 61,400 ​ ​ ​ ​ ​ 28,509,248 ​ ​
PPG Industries, Inc.
 ​ ​ ​ ​ 64,900 ​ ​ ​ ​ ​ 9,404,010 ​ ​
​ ​ ​ ​ ​ 62,696,215 ​ ​
Real Estate — 2.2%
 ​
CBRE Group, Inc. Class A (b)
 ​ ​ ​ ​ 118,700 ​ ​ ​ ​ ​ 11,542,388 ​ ​
Equinix, Inc.
 ​ ​ ​ ​ 19,500 ​ ​ ​ ​ ​ 16,093,935 ​ ​
Prologis, Inc.
 ​ ​ ​ ​ 174,800 ​ ​ ​ ​ ​ 22,762,456 ​ ​
Public Storage
 ​ ​ ​ ​ 43,300 ​ ​ ​ ​ ​ 12,559,598 ​ ​
​ ​ ​ ​ 62,958,377 ​ ​
​
7
​
Schedule of Investments (continued)
​
March 31, 2024
(unaudited)
​ ​ ​
Shares
 ​ ​
Value (a)
 ​
S&P 500 Index — 0.3%
 ​
SPDR S&P 500 ETF Trust
 ​ ​ ​ ​ 16,200 ​ ​ ​ ​ $ 8,473,734
​
Utilities — 1.9%
 ​
Atmos Energy Corporation
 ​ ​ ​ ​ 97,300 ​ ​ ​ ​ ​ 11,566,051
DTE Energy Company
 ​ ​ ​ ​ 137,400 ​ ​ ​ ​ ​ 15,408,036
NextEra Energy, Inc.
 ​ ​ ​ ​ 288,300 ​ ​ ​ ​ ​ 18,425,253
Utilities Select Sector SPDR Fund
 ​ ​ ​ ​ 110,000 ​ ​ ​ ​ ​ 7,221,500
​ ​ ​ ​ ​ 52,620,840
Total Common Stocks ​
(Cost $1,562,365,399)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,816,729,834
Other Investments — 0.0% ​
Financials — 0.0%
 ​
Adams Funds Advisers, LLC (b)(d)(g)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $150,000)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 466,000
Short-Term Investments — 0.4% ​
Money Market Funds — 0.4%
 ​
Morgan Stanley Institutional Liquidity Funds
Prime Portfolio, 5.38% (e)
 ​ ​ ​ ​ 9,999,709 ​ ​ ​ ​ ​ 10,000,709
Northern Institutional Treasury Premier
Portfolio, 5.15% (e)
 ​ ​ ​ ​ 759,579 ​ ​ ​ ​ ​ 759,579
Total Short-Term Investments ​
(Cost $10,761,838)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10,760,288
Total — 99.9% ​
(Cost $1,573,277,237)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,827,956,122
Other Assets Less Liabilities — 0.1% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,528,372
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,829,484,494
​
8​
​
Schedule of Investments (continued)
​
March 31, 2024
(unaudited)
Total Return Swap Agreements — 0.0%
Description
 ​ ​ ​ ​ ​ ​ ​ ​ ​
Value and
Unrealized
Appreciation
(Assets)
​ ​
Value and
Unrealized
Depreciation
(Liabilities)
​
Terms
 ​ ​
Contract
Type
 ​ ​
Underlying
Security
 ​ ​
Termination
Date
​ ​
Notional
Amount
​
Receive total return on underlying
security and pay financing
amount based on notional
amount and daily U.S. Federal
Funds rate plus 0.55%.
 ​ ​
Long
​ ​ Deere & Company
(37,000 shares) 		​ ​
4/15/2025
 ​ ​ ​ $ 13,858,354 ​ ​ ​ ​ $ 1,348,143 ​ ​ ​ ​ $ — ​ ​
Pay total return on underlying security and receive financing amount based on notional amount and daily U.S. Federal Funds rate less 0.45%.
 ​ ​
Short
​ ​ Industrial Select
Sector SPDR Fund
(113,700 shares)
 ​ ​
4/15/2025
 ​ ​ ​ ​ (13,815,596) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (511,377) ​ ​
Gross unrealized gain (loss) on open total return swap agreements ​ ​ ​ $ 1,348,143 ​ ​ ​ ​ $ (511,377) ​ ​
Net unrealized gain on open total return swap agreements (f) ​ ​ ​ $ 836,766 ​ ​ ​
​
(a)
Common stocks are listed on the New York Stock Exchange or NASDAQ and are valued at the last reported sale price on the day of valuation.
​
(b)
Presently non-dividend paying.
​
(c)
Non-controlled affiliate, a closed-end sector fund, registered as an investment company under the Investment Company Act of 1940.
​
(d)
Controlled affiliate valued using fair value procedures.
​
(e)
Rate presented is as of period-end and represents the annualized yield earned over the previous seven days.
​
(f)
Counterparty for all open total return swap agreements is Morgan Stanley. At March 31, 2024, $790,000 in cash collateral was held by the fund.
​
(g)
During the three months ended March 31, 2024, investments in affiliates were as follows:
​
​ ​ ​ ​ ​ ​ ​ ​ ​
​
Affiliate
 ​ ​
Shares held
 ​ ​
Net realized gain
(loss) and
long-term capital
gain distributions
 ​ ​
Dividend income
​ ​
Change in
unrealized
appreciation
 ​ ​
Value
 ​
​ Adams Funds Advisers, LLC (controlled) ​ ​ ​ ​ n/a ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 466,000 ​ ​
​ Adams Natural Resources Funds, Inc.
(non-controlled)		 ​ ​ ​ ​ 2,186,774 ​ ​ ​ ​ ​ 21,868 ​ ​ ​ ​ ​ 196,810 ​ ​ ​ ​ ​ 5,313,861 ​ ​ ​ ​ ​ 50,427,008 ​ ​
​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 21,868 ​ ​ ​ ​ $ 196,810 ​ ​ ​ ​ $ 5,313,861 ​ ​ ​ ​ $ 50,893,008 ​ ​
Information regarding transactions in equity securities during the quarter can be found on our website at: www.adamsfunds.com.​
9
Adams Diversified Equity (NYSE:ADX)
過去 株価チャート
から 11 2024 まで 12 2024 Adams Diversified Equityのチャートをもっと見るにはこちらをクリック
Adams Diversified Equity (NYSE:ADX)
過去 株価チャート
から 12 2023 まで 12 2024 Adams Diversified Equityのチャートをもっと見るにはこちらをクリック