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

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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	11,247	83,800	SH		SOLE		83,800	0	0
Adams Natural Resources Fund, Inc.	COM	00548F105	42,555	2,186,774	SH		SOLE		2,186,774	0	0
Advanced Micro Devices, Inc.	COM	007903107	6,735	106,300	SH		SOLE		106,300	0	0
Air Products and Chemicals, Inc.	COM	009158106	3,514	15,100	SH		SOLE		15,100	0	0
Alphabet Inc. Class A	COM	02079K305	79,801	834,300	SH		SOLE		834,300	0	0
Amazon.com, Inc.	COM	023135106	62,139	549,900	SH		SOLE		549,900	0	0
American Electric Power Company, Inc.	COM	025537101	15,915	184,100	SH		SOLE		184,100	0	0
American International Group, Inc.	COM	026874784	25,183	530,400	SH		SOLE		530,400	0	0
AmerisourceBergen Corporation	COM	03073E105	21,233	156,900	SH		SOLE		156,900	0	0
Apple Inc.	COM	037833100	135,947	983,700	SH		SOLE		983,700	0	0
Archer-Daniels-Midland Company	COM	039483102	10,772	133,900	SH		SOLE		133,900	0	0
Arista Networks, Inc.	COM	040413106	16,843	149,200	SH		SOLE		149,200	0	0
AT&T Inc.	COM	00206R102	12,359	805,700	SH		SOLE		805,700	0	0
Automatic Data Processing, Inc.	COM	053015103	24,451	108,100	SH		SOLE		108,100	0	0
Bank of America Corp.	COM	060505104	34,682	1,148,400	SH		SOLE		1,148,400	0	0
Berkshire Hathaway Inc. Class B	COM	084670702	25,794	96,600	SH		SOLE		96,600	0	0
Booking Holdings Inc.	COM	09857L108	16,432	10,000	SH		SOLE		10,000	0	0
Capri Holdings Limited	COM	G1890L107	11,490	298,900	SH		SOLE		298,900	0	0
Centene Corporation	COM	15135B101	22,915	294,500	SH		SOLE		294,500	0	0
CenterPoint Energy, Inc.	COM	15189T107	13,817	490,300	SH		SOLE		490,300	0	0
Charles Schwab Corp.	COM	808513105	26,319	366,200	SH		SOLE		366,200	0	0
Cisco Systems, Inc.	COM	17275R102	10,876	271,900	SH		SOLE		271,900	0	0
CMS Energy Corporation	COM	125896100	14,141	242,800	SH		SOLE		242,800	0	0
ConocoPhillips	COM	20825C104	22,003	215,000	SH		SOLE		215,000	0	0
Constellation Brands, Inc. Class A	COM	21036P108	17,042	74,200	SH		SOLE		74,200	0	0
Costco Wholesale Corporation	COM	22160K105	20,638	43,700	SH		SOLE		43,700	0	0
CVS Health Corporation	COM	126650100	36,717	385,000	SH		SOLE		385,000	0	0
Electronic Arts Inc.	COM	285512109	15,019	129,800	SH		SOLE		129,800	0	0
Eli Lilly and Company	COM	532457108	17,202	53,200	SH		SOLE		53,200	0	0
FedEx Corporation	COM	31428X106	7,780	52,400	SH		SOLE		52,400	0	0
Fidelity National Information Services, Inc.	COM	31620M106	15,137	200,300	SH		SOLE		200,300	0	0
FMC Corporation	COM	302491303	6,342	60,000	SH		SOLE		60,000	0	0
General Dynamics Corporation	COM	369550108	23,296	109,800	SH		SOLE		109,800	0	0
Health Care Select Sector SPDR Fund	COM	81369Y209	33,354	275,400	SH		SOLE		275,400	0	0
Home Depot, Inc.	COM	437076102	16,005	58,000	SH		SOLE		58,000	0	0
Incyte Corporation	COM	45337C102	20,279	304,300	SH		SOLE		304,300	0	0
Industrial Select Sector SPDR Fund	COM	81369Y704	6,039	72,900	SH		SOLE		72,900	0	0
Intuit Inc.	COM	461202103	18,436	47,600	SH		SOLE		47,600	0	0
Invitation Homes Inc.	COM	46187W107	10,205	302,200	SH		SOLE		302,200	0	0
Johnson & Johnson	COM	478160104	19,897	121,800	SH		SOLE		121,800	0	0
JPMorgan Chase & Co.	COM	46625H100	13,031	124,700	SH		SOLE		124,700	0	0
Lam Research Corporation	COM	512807108	17,897	48,900	SH		SOLE		48,900	0	0
Las Vegas Sands Corp.	COM	517834107	7,316	195,000	SH		SOLE		195,000	0	0
Linde plc	COM	G5494J103	13,480	50,000	SH		SOLE		50,000	0	0
LyondellBasell Industries N.V.	COM	N53745100	3,154	41,900	SH		SOLE		41,900	0	0
Marathon Petroleum Corporation	COM	56585A102	19,479	196,100	SH		SOLE		196,100	0	0
Marriott International, Inc. Class A	COM	571903202	13,285	94,800	SH		SOLE		94,800	0	0
Mastercard Incorporated Class A	COM	57636Q104	34,945	122,900	SH		SOLE		122,900	0	0
Meta Platforms, Inc. Class A	COM	30303M102	27,448	202,300	SH		SOLE		202,300	0	0
MetLife, Inc.	COM	59156R108	25,686	422,600	SH		SOLE		422,600	0	0
Microsoft Corporation	COM	594918104	143,955	618,100	SH		SOLE		618,100	0	0
Molson Coors Beverage Company Class B	COM	60871R209	14,815	308,700	SH		SOLE		308,700	0	0
Morgan Stanley	COM	617446448	25,544	323,300	SH		SOLE		323,300	0	0
NVIDIA Corporation	COM	67066G104	20,199	166,400	SH		SOLE		166,400	0	0
Oracle Corporation	COM	68389X105	7,463	122,200	SH		SOLE		122,200	0	0
O'Reilly Automotive, Inc.	COM	67103H107	19,061	27,100	SH		SOLE		27,100	0	0
Palo Alto Networks, Inc.	COM	697435105	15,232	93,000	SH		SOLE		93,000	0	0
Parker-Hannifin Corporation	COM	701094104	19,966	82,400	SH		SOLE		82,400	0	0
PepsiCo, Inc.	COM	713448108	12,865	78,800	SH		SOLE		78,800	0	0
Pfizer Inc.	COM	717081103	16,353	373,700	SH		SOLE		373,700	0	0
Philip Morris International Inc.	COM	718172109	14,427	173,800	SH		SOLE		173,800	0	0
Pioneer Natural Resources Company	COM	723787107	16,738	77,300	SH		SOLE		77,300	0	0
Prologis, Inc.	COM	74340W103	17,760	174,800	SH		SOLE		174,800	0	0
QUALCOMM Incorporated	COM	747525103	20,687	183,100	SH		SOLE		183,100	0	0
Quanta Services, Inc.	COM	74762E102	19,529	153,300	SH		SOLE		153,300	0	0
Raytheon Technologies Corporation	COM	75513E101	15,742	192,300	SH		SOLE		192,300	0	0
Realty Income Corporation	COM	756109104	11,110	190,900	SH		SOLE		190,900	0	0
Regeneron Pharmaceuticals, Inc.	COM	75886F107	21,079	30,600	SH		SOLE		30,600	0	0
SBA Communications Corp. Class A	COM	78410G104	12,866	45,200	SH		SOLE		45,200	0	0
Sherwin-Williams Company	COM	824348106	9,419	46,000	SH		SOLE		46,000	0	0
Steel Dynamics, Inc.	COM	858119100	10,373	146,200	SH		SOLE		146,200	0	0
Sysco Corporation	COM	871829107	16,539	233,900	SH		SOLE		233,900	0	0
Technology Select Sector SPDR Fund	COM	81369Y803	4,917	41,400	SH		SOLE		41,400	0	0
Tesla, Inc.	COM	88160R101	37,931	143,000	SH		SOLE		143,000	0	0
Boeing Company	COM	097023105	4,528	37,400	SH		SOLE		37,400	0	0
Coca-Cola Company	COM	191216100	9,283	165,700	SH		SOLE		165,700	0	0
Procter & Gamble Company	COM	742718109	14,601	115,650	SH		SOLE		115,650	0	0
Thermo Fisher Scientific Inc.	COM	883556102	38,851	76,600	SH		SOLE		76,600	0	0
T-Mobile US, Inc.	COM	872590104	10,546	78,600	SH		SOLE		78,600	0	0
Tractor Supply Company	COM	892356106	22,120	119,000	SH		SOLE		119,000	0	0
TransDigm Group Incorporated	COM	893641100	18,789	35,800	SH		SOLE		35,800	0	0
Fox Corporation Class A	COM	35137L105	13,877	452,300	SH		SOLE		452,300	0	0
Ulta Beauty, Inc.	COM	90384S303	20,701	51,600	SH		SOLE		51,600	0	0
Union Pacific Corporation	COM	907818108	23,164	118,900	SH		SOLE		118,900	0	0
UnitedHealth Group Incorporated	COM	91324P102	50,150	99,300	SH		SOLE		99,300	0	0
Verizon Communications Inc.	COM	92343V104	4,116	108,400	SH		SOLE		108,400	0	0
Visa Inc. Class A	COM	92826C839	31,497	177,300	SH		SOLE		177,300	0	0
Waste Connections, Inc.	COM	94106B101	18,148	134,300	SH		SOLE		134,300	0	0
WEC Energy Group Inc.	COM	92939U106	15,248	170,500	SH		SOLE		170,500	0	0
Willis Towers Watson plc	COM	G96629103	11,755	58,500	SH		SOLE		58,500	0	0
Wells Fargo & Company	COM	949746101	32,767	814,700	SH		SOLE		814,700	0	0
YUM! Brands, Inc.	COM	988498101	12,888	121,200	SH		SOLE		121,200	0	0