Adams Diversified Equity Fund (ADX) 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABBVIE INC	COM	00287Y109	23,796	380,000	SH		SOLE		380,000	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	1,092	33,400	SH		DFND	1	33,400	0	0
ADAM NAT RES FD INC	COM	00548F105	44,107	2,186,774	SH		SOLE		2,186,774	0	0
ADOBE SYS INC	COM	00724F101	18,119	176,000	SH		SOLE		176,000	0	0
ADVANCED ENERGY INDS	COM	007973100	881	16,100	SH		DFND	1	16,100	0	0
AEGION CORP	COM	00770F104	1,097	46,300	SH		DFND	1	46,300	0	0
AETNA INC NEW	COM	00817Y108	22,805	183,900	SH		SOLE		183,900	0	0
AIRCASTLE LTD	COM	G0129K104	1,184	56,800	SH		DFND	1	56,800	0	0
ALLEGIANT TRAVEL CO	COM	01748X102	1,048	6,300	SH		DFND	1	6,300	0	0
ALLERGAN PLC	SHS	G0177J108	22,491	107,096	SH		SOLE		107,096	0	0
ALLETE INC	COM NEW	018522300	1,091	17,000	SH		DFND	1	17,000	0	0
ALPHABET INC	CL A	38259P508	28,132	35,500	SH		SOLE		35,500	0	0
ALPHABET INC	CL C	38259P706	27,474	35,597	SH		SOLE		35,597	0	0
AMAG PHARMACEUTICALS INC	COM	00163U106	790	22,700	SH		DFND	1	22,700	0	0
AMAZON COM INC	COM	023135106	33,069	44,100	SH		SOLE		44,100	0	0
AMERICAN EXPRESS CO	COM	025816109	11,682	157,700	SH		SOLE		157,700	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	18,483	283,000	SH		SOLE		283,000	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	11,096	105,000	SH		SOLE		105,000	0	0
AMGEN INC	COM	031162100	15,279	104,500	SH		SOLE		104,500	0	0
AMKOR TECHNOLOGY INC	COM	031652100	737	69,900	SH		DFND	1	69,900	0	0
AMTRUST FINL SVCS INC	COM	032359309	898	32,800	SH		DFND	1	32,800	0	0
ANADARKO PETE CORP	COM	032511107	13,291	190,600	SH		SOLE		190,600	0	0
APPLE INC	COM	037833100	55,652	480,500	SH		SOLE		480,500	0	0
AVALONBAY CMNTYS INC	COM	053484101	9,531	53,800	SH		SOLE		53,800	0	0
BANK OF AMERICA CORP.	COM	060505104	25,205	1,140,500	SH		SOLE		1,140,500	0	0
BANKRATE INC DEL	COM	06647F102	1,324	119,800	SH		DFND	1	119,800	0	0
BELDEN INC	COM	077454106	994	13,300	SH		DFND	1	13,300	0	0
BENCHMARK ELECTRS INC	COM	08160H101	1,138	37,300	SH		DFND	1	37,300	0	0
BIOGEN INC	COM	09062X103	13,328	47,000	SH		SOLE		47,000	0	0
BIOSPECIFICS TECHNOLOGIES C	COM	090931106	808	14,500	SH		DFND	1	14,500	0	0
BLACKROCK INC	COM	09247X101	22,147	58,200	SH		SOLE		58,200	0	0
BOEING CO	COM	097023105	31,914	205,000	SH		SOLE		205,000	0	0
BROADCOM LTD	SHS	Y09827109	15,697	88,800	SH		SOLE		88,800	0	0
CAPITAL BK FINL CORP	CL A COM	139794101	1,232	31,400	SH		DFND	1	31,400	0	0
CARDTRONICS PLC	SHS CL A	G1991C105	1,102	20,200	SH		DFND	1	20,200	0	0
CATHAY GEN BANCORP	COM	149150104	1,228	32,300	SH		DFND	1	32,300	0	0
CENTERPOINT ENERGY INC	COM	15189T107	9,881	401,000	SH		SOLE		401,000	0	0
CENTRAL GARDEN & PET CO	CL A NON-VTG	153527205	1,323	42,800	SH		DFND	1	42,800	0	0
CENTRAL PAC FINL CORP	COM NEW	154760409	1,251	39,800	SH		DFND	1	39,800	0	0
CHEMOCENTRYX INC	COM	16383L106	633	85,500	SH		DFND	1	85,500	0	0
CHUBB LTD	COM	H1467J104	21,073	159,500	SH		SOLE		159,500	0	0
CIRRUS LOGIC INC	COM	172755100	701	12,400	SH		DFND	1	12,400	0	0
CISCO SYS INC	COM	17275R102	13,478	446,000	SH		SOLE		446,000	0	0
CNO FINL GROUP INC	COM	12621E103	1,067	55,700	SH		DFND	1	55,700	0	0
COCA COLA CO	COM	191216100	19,279	465,000	SH		SOLE		465,000	0	0
COLLECTORS UNIVERSE INC	COM NEW	19421R200	1,070	50,400	SH		DFND	1	50,400	0	0
COMCAST CORP NEW	CL A	20030N101	38,654	559,800	SH		SOLE		559,800	0	0
COMMVAULT SYSTEMS INC	COM	204166102	987	19,200	SH		DFND	1	19,200	0	0
CONCHO RES INC	COM	20605P101	9,667	72,900	SH		SOLE		72,900	0	0
CONNECTONE BANCORP INC NEW	COM	20786W107	1,279	49,300	SH		DFND	1	49,300	0	0
CONSOLIDATED COMM HLDGS INC	COM	209034107	787	29,300	SH		DFND	1	29,300	0	0
CONTINENTAL BLDG PRODS INC	COM	211171103	1,028	44,500	SH		DFND	1	44,500	0	0
CSG SYS INTL INC	COM	126349109	857	17,700	SH		DFND	1	17,700	0	0
CUBESMART	COM	229663109	1,073	40,100	SH		DFND	1	40,100	0	0
CURTISS WRIGHT CORP	COM	231561101	1,338	13,600	SH		DFND	1	13,600	0	0
CUSTOMERS BANCORP INC	COM	23204G100	1,254	35,000	SH		DFND	1	35,000	0	0
CVS HEALTH CORP	COM	126650100	19,522	247,400	SH		SOLE		247,400	0	0
CYRUSONE INC	COM	23283R100	989	22,100	SH		DFND	1	22,100	0	0
DANA HLDG CORP	COM	235825205	1,222	64,400	SH		DFND	1	64,400	0	0
DARLING INGREDIENTS INC	COM	237266101	891	69,000	SH		DFND	1	69,000	0	0
DCT INDUSTRIAL TRUST INC	COM NEW	233153204	1,106	23,100	SH		DFND	1	23,100	0	0
DEAN FOODS CO NEW	COM NEW	242370203	974	44,700	SH		DFND	1	44,700	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	13,881	282,200	SH		SOLE		282,200	0	0
DELUXE CORP	COM	248019101	1,053	14,700	SH		DFND	1	14,700	0	0
DISNEY WALT CO	COM DISNEY	254687106	19,260	184,800	SH		SOLE		184,800	0	0
DOLLAR GEN CORP NEW	COM	256677105	11,084	149,637	SH		SOLE		149,637	0	0
DOVER CORP	COM	260003108	11,554	154,200	SH		SOLE		154,200	0	0
DOW CHEM CO	COM	260543103	7,799	136,300	SH		SOLE		136,300	0	0
DUPONT FABROS TECHNOLOGY IN	COM	26613Q106	1,089	24,800	SH		DFND	1	24,800	0	0
EDISON INTL	COM	281020107	9,380	130,300	SH		SOLE		130,300	0	0
EDWARD LIFESCIENCES CORP	COM	28176E108	14,008	149,500	SH		SOLE		149,500	0	0
ELLIS PERRY INTL INC	COM	288853104	979	39,300	SH		DFND	1	39,300	0	0
EMCOR GROUP INC	COM	29084Q100	1,076	15,200	SH		DFND	1	15,200	0	0
EMERGENT BIOSOLUTIONS INC	COM	29089Q105	703	21,400	SH		DFND	1	21,400	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	1,094	54,200	SH		DFND	1	54,200	0	0
ENANTA PHARMACEUTICALS INC	COM	29251M106	797	23,800	SH		DFND	1	23,800	0	0
ESTERLINE TECHNOLOGIES CORP	COM	297425100	1,151	12,900	SH		DFND	1	12,900	0	0
ETHAN ALLEN INTERIORS INC	COM	297602104	1,157	31,400	SH		DFND	1	31,400	0	0
EXLSERVICE HOLDINGS INC	COM	302081104	989	19,600	SH		DFND	1	19,600	0	0
EXXON MOBIL CORP	COM	30231G102	32,340	358,300	SH		SOLE		358,300	0	0
FACEBOOK INC	CL A	30303M102	34,895	303,300	SH		SOLE		303,300	0	0
FEDERAL AGRIC MTG CORP	CL C	313148306	1,266	22,100	SH		DFND	1	22,100	0	0
FEDEX CORP	COM	31428X106	14,896	80,000	SH		SOLE		80,000	0	0
FIRST FINL CORP IND	COM	320218100	1,209	22,900	SH		DFND	1	22,900	0	0
FIVE PRIME THERAPEUTICS INC	COM	33830X104	596	11,900	SH		DFND	1	11,900	0	0
FLAGSTAR BANCORP INC	COM PAR .001	337930705	1,250	46,400	SH		DFND	1	46,400	0	0
FORUM ENERGY TECHNOLOGIES I	COM	34984V100	997	45,300	SH		DFND	1	45,300	0	0
GENERAL ELECTRIC CO	COM	369604103	7,789	246,500	SH		SOLE		246,500	0	0
GILEAD SCIENCES INC	COM	375558103	3,974	55,500	SH		SOLE		55,500	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	24,999	104,400	SH		SOLE		104,400	0	0
GREAT WESTN BANCORP INC	COM	391416104	1,338	30,700	SH		DFND	1	30,700	0	0
GREENBRIER COS INC	COM	393657101	1,226	29,500	SH		DFND	1	29,500	0	0
HALLIBURTON CO	COM	406216101	19,169	354,400	SH		SOLE		354,400	0	0
HALYARD HEALTH INC	COM	40650V100	943	25,500	SH		DFND	1	25,500	0	0
HANCOCK HLDG CO	COM	410120109	1,233	28,600	SH		DFND	1	28,600	0	0
HARSCO CORP	COM	415864107	1,417	104,200	SH		DFND	1	104,200	0	0
HB FULLER CO	COM	359694106	865	17,900	SH		DFND	1	17,900	0	0
HEALTHSOUTH CORP	COM NEW	421924309	895	21,700	SH		DFND	1	21,700	0	0
HEWLETT PACKARD ENTERPRISE	COM	42824C109	6,234	269,400	SH		SOLE		269,400	0	0
HIGHWOODS PPTYS INC	COM	431284108	1,102	21,600	SH		DFND	1	21,600	0	0
HMS HLDGS CORP	COM	40425J101	1,015	55,900	SH		DFND	1	55,900	0	0
HONEYWELL INTL INC	COM	438516106	24,259	209,400	SH		SOLE		209,400	0	0
HORACE MANN EDUCATORS CORP	COM	440327104	959	22,400	SH		DFND	1	22,400	0	0
HORIZON PHARMA PLC	SHS	G4617B105	493	30,500	SH		DFND	1	30,500	0	0
HUB GROUP INC	CL A	443320106	1,002	22,900	SH		DFND	1	22,900	0	0
IDACORP INC	COM	451107106	1,079	13,400	SH		DFND	1	13,400	0	0
INDEPENDENT BANK CORP MICH	COM NEW	453838609	1,220	56,200	SH		DFND	1	56,200	0	0
INGLES MKTS INC	CL A	457030104	986	20,500	SH		DFND	1	20,500	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	21,434	379,900	SH		SOLE		379,900	0	0
INTRAWEST RESORTS HLDGS INC	COM	46090K109	1,017	57,000	SH		DFND	1	57,000	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	2,630	19,500	SH		DFND	1	19,500	0	0
JACK IN THE BOX INC	COM	466367109	1,228	11,000	SH		DFND	1	11,000	0	0
JOHNSON & JOHNSON	COM	478160104	7,373	64,000	SH		SOLE		64,000	0	0
JPMORGAN CHASE & CO	COM	46625H100	20,813	241,200	SH		SOLE		241,200	0	0
KAISER ALUMINUM CORP	COM PAR $0.01	483007704	684	8,800	SH		DFND	1	8,800	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	999	45,300	SH		DFND	1	45,300	0	0
KIRKLANDS INC	COM	497498105	845	54,500	SH		DFND	1	54,500	0	0
LAM RESEARCH CORP	COM	512807108	13,491	127,600	SH		SOLE		127,600	0	0
LANNET INC	COM	516012101	624	28,300	SH		DFND	1	28,300	0	0
LITHIA MTRS INC	CL A	536797103	775	8,000	SH		DFND	1	8,000	0	0
LOGMEIN INC	COM	54142L109	1,062	11,000	SH		DFND	1	11,000	0	0
LOWES COS INC	COM	548661107	28,804	405,000	SH		SOLE		405,000	0	0
LYDALL INC DEL	COM	550819106	1,212	19,600	SH		DFND	1	19,600	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	15,955	186,000	SH		SOLE		186,000	0	0
MAGNA INTL INC	COM	559222401	10,937	252,000	SH		SOLE		252,000	0	0
MARATHON PETE CORP	COM	56585A102	6,304	125,200	SH		SOLE		125,200	0	0
MARRIOTT VACATIONS WORLDWID	COM	57164Y107	1,213	14,300	SH		DFND	1	14,300	0	0
MASIMO CORP	COM	574795100	1,105	16,400	SH		DFND	1	16,400	0	0
MASTERCARD INC	CL A	57636Q104	23,748	230,000	SH		SOLE		230,000	0	0
MERCK & CO INC NEW	COM	58933Y105	20,693	351,500	SH		SOLE		351,500	0	0
MICROSOFT CORP	COM	594918104	51,999	836,800	SH		SOLE		836,800	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	942	12,200	SH		DFND	1	12,200	0	0
MKS INSTRUMENT INC	COM	55306N104	790	13,300	SH		DFND	1	13,300	0	0
NATIONAL HEALTH INVS INC	COM	63633D104	986	13,300	SH		DFND	1	13,300	0	0
NELNET INC	CL A	64031N108	1,137	22,400	SH		DFND	1	22,400	0	0
NEUSTAR INC	CL A	64126X201	1,112	33,300	SH		DFND	1	33,300	0	0
NEWPARK RES INC	COM PAR $.01NEW	651718504	747	99,600	SH		DFND	1	99,600	0	0
NEXTERA ENERGY INC	COM	65339F101	13,356	111,800	SH		SOLE		111,800	0	0
NIC INC	COM	62914B100	987	41,300	SH		DFND	1	41,300	0	0
NXSTAGE MEDICAL INC	COM	67072V103	1,046	39,900	SH		DFND	1	39,900	0	0
OASIS PETE INC NEW	COM	674215108	949	62,700	SH		DFND	1	62,700	0	0
ORACLE CORP	COM	68389X105	8,497	221,000	SH		SOLE		221,000	0	0
ORASURE TECHNOLOGIES INC	COM	68554V108	1,026	116,800	SH		DFND	1	116,800	0	0
PAREXEL INTL CORP	COM	699462107	853	12,976	SH		DFND	1	12,976	0	0
PARTY CITY HOLDCO INC	COM	702149105	767	54,000	SH		DFND	1	54,000	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	1,020	34,300	SH		DFND	1	34,300	0	0
PENN NATL GAMING INC	COM	707569109	1,037	75,200	SH		DFND	1	75,200	0	0
PENNYMAC MTG INVT TR	COM	70931T103	1,066	65,100	SH		DFND	1	65,100	0	0
PEPSICO INC	COM	713448108	24,107	230,400	SH		SOLE		230,400	0	0
PFIZER INC	COM	717081103	22,831	702,940	SH		SOLE		702,940	0	0
PHILIP MORRIS INTL INC	COM	718172109	29,579	323,300	SH		SOLE		323,300	0	0
PHOTRONICS INC	COM	719405102	680	60,200	SH		DFND	1	60,200	0	0
PINNACLE WEST CAP CORP	COM	723484101	10,963	140,500	SH		SOLE		140,500	0	0
PIPER JAFFRAY COS	COM	724078100	1,080	14,900	SH		DFND	1	14,900	0	0
POLYONE CORP	COM	73179P106	686	21,400	SH		DFND	1	21,400	0	0
PORTLAND GEN ELEC CO	COM NEW	736508847	1,083	25,000	SH		DFND	1	25,000	0	0
PPG INDS INC	COM	693506107	8,055	85,000	SH		SOLE		85,000	0	0
PRICELINE GRP INC	COM NEW	741503403	15,100	10,300	SH		SOLE		10,300	0	0
PROCTER & GAMBLE CO	COM	742718109	11,086	131,850	SH		SOLE		131,850	0	0
PROGRESS SOFTWARE CORP	COM	743312100	1,031	32,300	SH		DFND	1	32,300	0	0
PRUDENTIAL FINL INC	COM	744320102	19,678	189,100	SH		SOLE		189,100	0	0
RADNET INC	COM	750491102	854	132,400	SH		DFND	1	132,400	0	0
RAYMOND JAMES FINANCIAL INC	COM	754730109	7,149	103,200	SH		SOLE		103,200	0	0
REPLIGEN CORP	COM	759916109	623	20,200	SH		DFND	1	20,200	0	0
RESOURCES CONNECTION INC	COM	76122Q105	1,228	63,800	SH		DFND	1	63,800	0	0
RLJ LODGING TR	COM	74965L101	1,036	42,300	SH		DFND	1	42,300	0	0
ROBERT HALF INTL INC	COM	770323103	9,878	202,500	SH		SOLE		202,500	0	0
RSP PERMIAN INC	COM	74978Q105	866	19,400	SH		DFND	1	19,400	0	0
SANMINA CORPORATION	COM	801056102	1,345	36,700	SH		DFND	1	36,700	0	0
SBA COMMUNICATIONS CORP	COM	78388J106	8,013	77,600	SH		SOLE		77,600	0	0
SCHNITZER STL INDS	CL A	806882106	1,015	39,500	SH		DFND	1	39,500	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	2,637	32,400	SH		SOLE		32,400	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	7,827	125,800	SH		SOLE		125,800	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	1,882	27,300	SH		SOLE		27,300	0	0
SIGMA DESIGNS INC	COM	826565103	482	80,400	SH		DFND	1	80,400	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	13,681	77,000	SH		SOLE		77,000	0	0
SINCLAIR BROADCAST GROUP IN	CL A	829226109	910	27,300	SH		DFND	1	27,300	0	0
SMITH & WESSON HLDG CORP	COM	831756101	1,084	51,400	SH		DFND	1	51,400	0	0
SOUTHWEST GAS CORP	COM	844895102	1,096	14,300	SH		DFND	1	14,300	0	0
SPDR SERIES TRUST	S&P REGL BKG	78464A698	9,452	170,100	SH		SOLE		170,100	0	0
SPECTRUM BRANDS HLDGS INC	COM	84763R101	10,777	88,100	SH		SOLE		88,100	0	0
SPX CORP	COM	784635104	1,167	49,200	SH		DFND	1	49,200	0	0
STARBUCKS CORP	COM	855244109	13,952	251,300	SH		SOLE		251,300	0	0
STIFEL FINL CORP	COM	860630102	1,134	22,700	SH		DFND	1	22,700	0	0
SUCAMPO PHARMACEUTICALS INC	CL A	864909106	703	51,900	SH		DFND	1	51,900	0	0
SYNTEL INC	COM	87162H103	1,005	50,800	SH		DFND	1	50,800	0	0
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	996	20,200	SH		DFND	1	20,200	0	0
TECH DATA CORP	COM	878237106	1,008	11,900	SH		DFND	1	11,900	0	0
TETRA TECH INC NEW	COM	88162G103	1,299	30,100	SH		DFND	1	30,100	0	0
TEXAS CAPITAL BANCSHARES INC	COM	88224Q107	1,168	14,900	SH		DFND	1	14,900	0	0
THERMO FISHER SCIENTIFIC IN	COM	883556102	20,516	145,400	SH		SOLE		145,400	0	0
TIME INC NEW	COM	887228104	985	55,200	SH		DFND	1	55,200	0	0
TRAVELPORT WORLDWIDE LTD	SHS	G9019D104	945	67,000	SH		DFND	1	67,000	0	0
TRINSEO S A	SHS	L9340P101	925	15,600	SH		DFND	1	15,600	0	0
TTM TECHNOLOGIES INC	COM	87305R109	1,251	91,800	SH		DFND	1	91,800	0	0
UNION PAC CORP	COM	907818108	28,823	278,000	SH		SOLE		278,000	0	0
UNITED CMNTY BKS BLAIRSVLE	COM	90984P303	1,185	40,000	SH		DFND	1	40,000	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	20,765	389,000	SH		SOLE		389,000	0	0
VISA INC	COM CL A	92826C839	25,122	322,000	SH		SOLE		322,000	0	0
WALKER & DUNLOP INC	COM	93148P102	1,217	39,000	SH		DFND	1	39,000	0	0
WAL-MART STORES INC	COM	931142103	20,211	292,400	SH		SOLE		292,400	0	0
WATERS CORP	COM	941848103	8,359	62,200	SH		SOLE		62,200	0	0
WEBMD HEALTH CORP	COM	94770V102	957	19,300	SH		DFND	1	19,300	0	0
WEBSTER FINL CORP CONN	COM	947890109	1,178	21,700	SH		DFND	1	21,700	0	0
WELLCARE HEALTH PLANS INC	COM	94946T106	1,234	9,000	SH		DFND	1	9,000	0	0
WELLS FARGO & CO NEW	COM	949746101	36,979	671,000	SH		SOLE		671,000	0	0
WEST CORP	COM	952355204	1,201	48,500	SH		DFND	1	48,500	0	0
WESTERN REFNG INC	COM	959319104	590	15,600	SH		DFND	1	15,600	0	0
XENCOR INC	COM	98401F105	719	27,300	SH		DFND	1	27,300	0	0
ZUMIEZ INC	COM	989817101	1,064	48,700	SH		DFND	1	48,700	0	0