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
Advance Auto Parts, Inc.	COM	00751Y106	21,058	125,100	SH		SOLE		125,100	0	0
Apple Inc.	COM	037833100	77,971	345,400	SH		SOLE		345,400	0	0
Abbott Laboratories	COM	002824100	30,936	421,700	SH		SOLE		421,700	0	0
Accenture plc Class A	COM	G1151C101	26,789	157,400	SH		SOLE		157,400	0	0
Adobe Systems Incorporated	COM	00724F101	31,638	117,200	SH		SOLE		117,200	0	0
Aflac Incorporated	COM	001055102	14,888	316,300	SH		SOLE		316,300	0	0
Alaska Air Group, Inc.	COM	011659109	9,661	140,300	SH		SOLE		140,300	0	0
Alexion Pharmaceuticals, Inc.	COM	015351109	14,902	107,200	SH		SOLE		107,200	0	0
American Tower Corporation	COM	03027X100	12,481	85,900	SH		SOLE		85,900	0	0
Amazon.com, Inc.	COM	023135106	85,728	42,800	SH		SOLE		42,800	0	0
Andeavor	COM	03349M105	10,438	68,000	SH		SOLE		68,000	0	0
Air Products and Chemicals, Inc.	COM	009158106	7,668	45,900	SH		SOLE		45,900	0	0
Boeing Company	COM	097023105	37,636	101,200	SH		SOLE		101,200	0	0
Bank of America Corp.	COM	060505104	43,318	1,470,400	SH		SOLE		1,470,400	0	0
Becton, Dickinson and Company	COM	075887109	25,526	97,800	SH		SOLE		97,800	0	0
Biogen Inc.	COM	09062X103	17,277	48,900	SH		SOLE		48,900	0	0
BlackRock, Inc.	COM	09247X101	19,513	41,400	SH		SOLE		41,400	0	0
Ball Corporation	COM	058498106	7,738	175,900	SH		SOLE		175,900	0	0
Berkshire Hathaway Inc. Class B	COM	084670702	47,832	223,400	SH		SOLE		223,400	0	0
Caterpillar Inc.	COM	149123101	14,944	98,000	SH		SOLE		98,000	0	0
Comcast Corporation Class A	COM	20030N101	10,127	286,000	SH		SOLE		286,000	0	0
Chipotle Mexican Grill, Inc.	COM	169656105	11,636	25,600	SH		SOLE		25,600	0	0
Costco Wholesale Corporation	COM	22160K105	18,297	77,900	SH		SOLE		77,900	0	0
salesforce.com, inc.	COM	79466L302	28,816	181,200	SH		SOLE		181,200	0	0
Cisco Systems, Inc.	COM	17275R102	30,421	625,300	SH		SOLE		625,300	0	0
Cintas Corporation	COM	172908105	11,671	59,000	SH		SOLE		59,000	0	0
Delta Air Lines, Inc.	COM	247361702	12,503	216,200	SH		SOLE		216,200	0	0
Dollar General Corporation	COM	256677105	21,197	193,937	SH		SOLE		193,937	0	0
Walt Disney Company	COM	254687106	8,045	68,800	SH		SOLE		68,800	0	0
DowDuPont Inc.	COM	26078J100	13,286	206,600	SH		SOLE		206,600	0	0
Emerson Electric Co.	COM	291011104	19,742	257,800	SH		SOLE		257,800	0	0
EOG Resources, Inc.	COM	26875P101	13,573	106,400	SH		SOLE		106,400	0	0
Edwards Lifesciences Corporation	COM	28176E108	23,242	133,500	SH		SOLE		133,500	0	0
Exelon Corporation	COM	30161N101	13,067	299,300	SH		SOLE		299,300	0	0
Diamondback Energy, Inc.	COM	25278X109	12,397	91,700	SH		SOLE		91,700	0	0
Facebook, Inc. Class A	COM	30303M102	37,563	228,400	SH		SOLE		228,400	0	0
FedEx Corporation	COM	31428X106	19,600	81,400	SH		SOLE		81,400	0	0
General Electric Company	COM	369604103	2,783	246,500	SH		SOLE		246,500	0	0
Alphabet Inc. Class C	COM	02079K107	30,072	25,197	SH		SOLE		25,197	0	0
Alphabet Inc. Class A	COM	02079K305	37,299	30,900	SH		SOLE		30,900	0	0
Goldman Sachs Group, Inc.	COM	38141G104	5,628	25,100	SH		SOLE		25,100	0	0
Home Depot, Inc.	COM	437076102	35,941	173,500	SH		SOLE		173,500	0	0
Honeywell International Inc.	COM	438516106	32,115	193,000	SH		SOLE		193,000	0	0
Intercontinental Exchange, Inc.	COM	45866F104	28,451	379,900	SH		SOLE		379,900	0	0
Johnson & Johnson	COM	478160104	19,040	137,800	SH		SOLE		137,800	0	0
JPMorgan Chase & Co.	COM	46625H100	36,075	319,700	SH		SOLE		319,700	0	0
Coca-Cola Company	COM	191216100	7,474	161,800	SH		SOLE		161,800	0	0
Lazard Ltd Class A	COM	G54050102	4,654	96,700	SH		SOLE		96,700	0	0
Lowe's Companies, Inc.	COM	548661107	29,245	254,700	SH		SOLE		254,700	0	0
Southwest Airlines Co.	COM	844741108	9,661	154,700	SH		SOLE		154,700	0	0
LyondellBasell Industries N.V.	COM	N53745100	9,605	93,700	SH		SOLE		93,700	0	0
Mastercard Incorporated Class A	COM	57636Q104	32,879	147,700	SH		SOLE		147,700	0	0
Mondelez International, Inc. Class A	COM	609207105	19,912	463,500	SH		SOLE		463,500	0	0
Medtronic plc	COM	G5960L103	24,888	253,000	SH		SOLE		253,000	0	0
Monster Beverage Corporation	COM	61174X109	9,156	157,100	SH		SOLE		157,100	0	0
Marathon Petroleum Corporation	COM	56585A102	7,029	87,900	SH		SOLE		87,900	0	0
Merck & Co., Inc.	COM	58933Y105	34,122	481,000	SH		SOLE		481,000	0	0
Microsoft Corporation	COM	594918104	95,705	836,800	SH		SOLE		836,800	0	0
NextEra Energy, Inc.	COM	65339F101	16,592	99,000	SH		SOLE		99,000	0	0
Netflix, Inc.	COM	64110L106	24,954	66,700	SH		SOLE		66,700	0	0
NVIDIA Corporation	COM	67066G104	23,465	83,500	SH		SOLE		83,500	0	0
Oracle Corporation	COM	68389X105	6,301	122,200	SH		SOLE		122,200	0	0
Occidental Petroleum Corporation	COM	674599105	13,188	160,500	SH		SOLE		160,500	0	0
Public Service Enterprise Group Incorporated	COM	744573106	9,180	173,900	SH		SOLE		173,900	0	0
Adams Natural Resources Fund, Inc.	COM	00548F105	43,582	2,186,774	SH		SOLE		2,186,774	0	0
PepsiCo, Inc.	COM	713448108	15,026	134,400	SH		SOLE		134,400	0	0
Pfizer Inc.	COM	717081103	24,284	551,040	SH		SOLE		551,040	0	0
Procter & Gamble Company	COM	742718109	10,974	131,850	SH		SOLE		131,850	0	0
Prologis, Inc.	COM	74340W103	16,005	236,100	SH		SOLE		236,100	0	0
Philip Morris International Inc.	COM	718172109	4,232	51,900	SH		SOLE		51,900	0	0
Public Storage	COM	74460D109	17,360	86,100	SH		SOLE		86,100	0	0
Simon Property Group, Inc.	COM	828806109	15,307	86,600	SH		SOLE		86,600	0	0
SunTrust Banks, Inc.	COM	867914103	18,300	274,000	SH		SOLE		274,000	0	0
Constellation Brands, Inc. Class A	COM	21036P108	13,067	60,600	SH		SOLE		60,600	0	0
AT&T Inc.	COM	00206R102	23,143	689,182	SH		SOLE		689,182	0	0
Thermo Fisher Scientific Inc.	COM	883556102	35,489	145,400	SH		SOLE		145,400	0	0
Tractor Supply Company	COM	892356106	16,686	183,600	SH		SOLE		183,600	0	0
UnitedHealth Group Incorporated	COM	91324P102	43,205	162,400	SH		SOLE		162,400	0	0
Union Pacific Corporation	COM	907818108	30,482	187,200	SH		SOLE		187,200	0	0
U.S. Bancorp	COM	902973304	18,420	348,800	SH		SOLE		348,800	0	0
Visa Inc. Class A	COM	92826C839	48,884	325,700	SH		SOLE		325,700	0	0
WEC Energy Group Inc.	COM	92939U106	11,096	166,200	SH		SOLE		166,200	0	0
Wells Fargo & Company	COM	949746101	18,843	358,500	SH		SOLE		358,500	0	0
Walmart Inc.	COM	931142103	24,163	257,300	SH		SOLE		257,300	0	0
Exxon Mobil Corporation	COM	30231G102	14,317	168,400	SH		SOLE		168,400	0	0
Aegion Corporation	COM	00770F104	655	25,800	SH		DFND		0	0	25,800
Advanced Energy Industries, Inc.	COM	007973100	341	6,600	SH		DFND		0	0	6,600
American Equity Investment Life Holding Company	COM	025676206	721	20,400	SH		DFND		0	0	20,400
Federal Agricultural Mortgage Corporation Class C	COM	313148306	657	9,100	SH		DFND		0	0	9,100
Acadia Realty Trust	COM	004239109	723	25,800	SH		DFND		0	0	25,800
ALLETE, Inc.	COM	018522300	713	9,500	SH		DFND		0	0	9,500
AMAG Pharmaceuticals, Inc.	COM	00163U106	370	18,500	SH		DFND		0	0	18,500
Amedisys, Inc.	COM	023436108	712	5,700	SH		DFND		0	0	5,700
Amkor Technology, Inc.	COM	031652100	430	58,200	SH		DFND		0	0	58,200
American Renal Associates	COM	029227105	559	25,839	SH		DFND		0	0	25,839
On Assignment, Inc.	COM	00191U102	663	8,400	SH		DFND		0	0	8,400
Aspen Technology, Inc.	COM	045327103	968	8,500	SH		DFND		0	0	8,500
Banner Corporation	COM	06652V208	727	11,700	SH		DFND		0	0	11,700
TopBuild Corp.	COM	89055F103	494	8,700	SH		DFND		0	0	8,700
BioSpecifics Technologies Corp.	COM	090931106	567	9,700	SH		DFND		0	0	9,700
CalAmp Corp.	COM	128126109	870	36,300	SH		DFND		0	0	36,300
Cara Therapeutics Inc	COM	140755109	410	17,100	SH		DFND		0	0	17,100
Cardtronics plc Class A	COM	G1991C105	718	22,700	SH		DFND		0	0	22,700
Continental Building Products, Inc.	COM	211171103	931	24,800	SH		DFND		0	0	24,800
Cogent Communications Holdings Inc	COM	19239V302	887	15,900	SH		DFND		0	0	15,900
Chemocentryx, Inc.	COM	16383L106	508	40,200	SH		DFND		0	0	40,200
Cerus Corporation	COM	157085101	739	102,500	SH		DFND		0	0	102,500
Costamare Inc.	COM	Y1771G102	588	90,600	SH		DFND		0	0	90,600
CNO Financial Group, Inc.	COM	12621E103	770	36,300	SH		DFND		0	0	36,300
CyrusOne, Inc.	COM	23283R100	793	12,500	SH		DFND		0	0	12,500
Cirrus Logic, Inc.	COM	172755100	479	12,400	SH		DFND		0	0	12,400
Carrizo Oil & Gas, Inc.	COM	144577103	491	19,500	SH		DFND		0	0	19,500
CSG Systems International, Inc.	COM	126349109	666	16,600	SH		DFND		0	0	16,600
Cardiovascular Systems, Inc.	COM	141619106	736	18,800	SH		DFND		0	0	18,800
Customers Bancorp, Inc.	COM	23204G100	673	28,600	SH		DFND		0	0	28,600
Covanta Holding Corporation	COM	22282E102	694	42,700	SH		DFND		0	0	42,700
CVR Energy, Inc.	COM	12662P108	635	15,800	SH		DFND		0	0	15,800
CommVault Systems, Inc.	COM	204166102	742	10,600	SH		DFND		0	0	10,600
Dana Incorporated	COM	235825205	659	35,300	SH		DFND		0	0	35,300
DineEquity, Inc.	COM	254423106	691	8,500	SH		DFND		0	0	8,500
Diamond Offshore Drilling, Inc.	COM	25271C102	516	25,800	SH		DFND		0	0	25,800
Emergent BioSolutions Inc.	COM	29089Q105	790	12,000	SH		DFND		0	0	12,000
Enterprise Financial Services Corp	COM	293712105	711	13,400	SH		DFND		0	0	13,400
NIC Inc.	COM	62914B100	741	50,100	SH		DFND		0	0	50,100
EMCOR Group, Inc.	COM	29084Q100	638	8,500	SH		DFND		0	0	8,500
Enanta Pharmaceuticals, Inc.	COM	29251M106	436	5,100	SH		DFND		0	0	5,100
EPAM Systems, Inc.	COM	29414B104	799	5,800	SH		DFND		0	0	5,800
Eldorado Resorts Inc	COM	28470R102	792	16,300	SH		DFND		0	0	16,300
Essent Group Ltd.	COM	G3198U102	708	16,000	SH		DFND		0	0	16,000
Empire State Realty Trust, Inc. Class A	COM	292104106	503	30,300	SH		DFND		0	0	30,300
Ethan Allen Interiors Inc.	COM	297602104	639	30,800	SH		DFND		0	0	30,800
First Bancorp	COM	318910106	705	17,400	SH		DFND		0	0	17,400
First Cash Financial Services, Inc.	COM	33767D105	779	9,500	SH		DFND		0	0	9,500
First Interstate BancSystem, Inc. Class A	COM	32055Y201	730	16,300	SH		DFND		0	0	16,300
Greenbrier Companies, Inc.	COM	393657101	992	16,500	SH		DFND		0	0	16,500
Great Southern Bancorp, Inc.	COM	390905107	708	12,800	SH		DFND		0	0	12,800
Gray Television, Inc.	COM	389375106	725	41,400	SH		DFND		0	0	41,400
Haemonetics Corporation	COM	405024100	768	6,700	SH		DFND		0	0	6,700
Halozyme Therapeutics, Inc.	COM	40637H109	507	27,900	SH		DFND		0	0	27,900
Highwoods Properties, Inc.	COM	431284108	577	12,200	SH		DFND		0	0	12,200
Houlihan Lokey, Inc. Class A	COM	441593100	660	14,700	SH		DFND		0	0	14,700
Heritage Insurance Holdings, Inc.	COM	42727J102	627	42,300	SH		DFND		0	0	42,300
Heron Therapeutics Inc	COM	427746102	513	16,200	SH		DFND		0	0	16,200
Harsco Corporation	COM	415864107	759	26,600	SH		DFND		0	0	26,600
Horizon Pharma plc	COM	G4617B105	623	31,800	SH		DFND		0	0	31,800
Independent Bank Corporation	COM	453838609	743	31,400	SH		DFND		0	0	31,400
IBERIABANK Corporation	COM	450828108	732	9,000	SH		DFND		0	0	9,000
IDACORP, Inc.	COM	451107106	675	6,800	SH		DFND		0	0	6,800
Ingles Markets, Incorporated Class A	COM	457030104	527	15,400	SH		DFND		0	0	15,400
Inter Parfums, Inc.	COM	458334109	831	12,900	SH		DFND		0	0	12,900
Integer Holdings Corporation	COM	45826H109	946	11,400	SH		DFND		0	0	11,400
j2 Global, Inc.	COM	48123V102	737	8,900	SH		DFND		0	0	8,900
Kaiser Aluminum Corporation	COM	483007704	600	5,500	SH		DFND		0	0	5,500
KLX Inc.	COM	482539103	697	11,100	SH		DFND		0	0	11,100
KLX ENERGY SERVICES HOLDINGS, INC.	COM	48253L106	142	4,440	SH		DFND		0	0	4,440
Lannett Company, Inc.	COM	516012101	469	98,700	SH		DFND		0	0	98,700
Ligand Pharmaceuticals Incorporated	COM	53220K504	549	2,000	SH		DFND		0	0	2,000
Loxo Oncology Inc	COM	548862101	512	3,000	SH		DFND		0	0	3,000
MKS Instruments, Inc.	COM	55306N104	345	4,300	SH		DFND		0	0	4,300
Herman Miller, Inc.	COM	600544100	714	18,600	SH		DFND		0	0	18,600
MRC Global Inc.	COM	55345K103	484	25,800	SH		DFND		0	0	25,800
Matador Resources Company	COM	576485205	697	21,100	SH		DFND		0	0	21,100
MGIC Investment Corporation	COM	552848103	692	52,000	SH		DFND		0	0	52,000
Minerals Technologies Inc.	COM	603158106	676	10,000	SH		DFND		0	0	10,000
National Health Investors, Inc.	COM	63633D104	567	7,500	SH		DFND		0	0	7,500
Nelnet, Inc. Class A	COM	64031N108	720	12,600	SH		DFND		0	0	12,600
National Storage Affiliates Trust	COM	637870106	649	25,500	SH		DFND		0	0	25,500
Oasis Petroleum Inc.	COM	674215108	590	41,600	SH		DFND		0	0	41,600
Old Second Bancorp, Inc.	COM	680277100	867	56,100	SH		DFND		0	0	56,100
Phibro Animal Health Corporation Class A	COM	71742Q106	438	10,200	SH		DFND		0	0	10,200
Pebblebrook Hotel Trust	COM	70509V100	702	19,300	SH		DFND		0	0	19,300
Pattern Energy Group, Inc. Class A	COM	70338P100	755	38,000	SH		DFND		0	0	38,000
Penn National Gaming, Inc.	COM	707569109	843	25,600	SH		DFND		0	0	25,600
Perry Ellis International, Inc.	COM	288853104	943	34,500	SH		DFND		0	0	34,500
PennyMac Financial Services, Inc. Class A	COM	70932B101	621	29,700	SH		DFND		0	0	29,700
PennyMac Mortgage Investment Trust	COM	70931T103	735	36,300	SH		DFND		0	0	36,300
PolyOne Corporation	COM	73179P106	555	12,700	SH		DFND		0	0	12,700
Portland General Electric Company	COM	736508847	629	13,800	SH		DFND		0	0	13,800
Progress Software Corporation	COM	743312100	635	18,000	SH		DFND		0	0	18,000
Party City Holdco, Inc.	COM	702149105	625	46,100	SH		DFND		0	0	46,100
QuinStreet, Inc.	COM	74874Q100	759	55,900	SH		DFND		0	0	55,900
RadNet, Inc.	COM	750491102	917	60,900	SH		DFND		0	0	60,900
Regis Corporation	COM	758932107	725	35,500	SH		DFND		0	0	35,500
RH	COM	74967X103	734	5,600	SH		DFND		0	0	5,600
RLJ Lodging Trust	COM	74965L101	692	31,400	SH		DFND		0	0	31,400
Ruth's Hospitality Group, Inc.	COM	783332109	1,019	32,300	SH		DFND		0	0	32,300
Rexnord Corporation	COM	76169B102	742	24,100	SH		DFND		0	0	24,100
Boston Beer Company, Inc. Class A	COM	100557107	546	1,900	SH		DFND		0	0	1,900
Sanmina-SCI Corporation	COM	801056102	704	25,500	SH		DFND		0	0	25,500
Sinclair Broadcast Group, Inc. Class A	COM	829226109	624	22,000	SH		DFND		0	0	22,000
Schnitzer Steel Industries, Inc. Class A	COM	806882106	682	25,200	SH		DFND		0	0	25,200
Select Medical Holdings Corporation	COM	81619Q105	648	35,200	SH		DFND		0	0	35,200
SkyWest, Inc	COM	830879102	719	12,200	SH		DFND		0	0	12,200
SYNNEX Corporation	COM	87162W100	567	6,700	SH		DFND		0	0	6,700
SPX Corporation	COM	784635104	909	27,300	SH		DFND		0	0	27,300
Tech Data Corporation	COM	878237106	558	7,800	SH		DFND		0	0	7,800
Tenet Healthcare Corporation	COM	88033G407	583	20,500	SH		DFND		0	0	20,500
Tailored Brands, Inc.	COM	87403A107	685	27,200	SH		DFND		0	0	27,200
TriMas Corporation	COM	896215209	766	25,200	SH		DFND		0	0	25,200
Trinseo SA	COM	L9340P101	689	8,800	SH		DFND		0	0	8,800
Tetra Tech, Inc.	COM	88162G103	731	10,700	SH		DFND		0	0	10,700
TTM Technologies, Inc.	COM	87305R109	818	51,400	SH		DFND		0	0	51,400
Travelport Worldwide Ltd.	COM	G9019D104	631	37,400	SH		DFND		0	0	37,400
Unit Corporation	COM	909218109	662	25,400	SH		DFND		0	0	25,400
Univar, Inc.	COM	91336L107	675	22,000	SH		DFND		0	0	22,000
Vector Group Ltd.	COM	92240M108	506	36,700	SH		DFND		0	0	36,700
Virtusa Corporation	COM	92827P102	607	11,300	SH		DFND		0	0	11,300
Walker & Dunlop, Inc.	COM	93148P102	814	15,400	SH		DFND		0	0	15,400
Advanced Drainage Systems Inc	COM	00790R104	735	23,800	SH		DFND		0	0	23,800
Wintrust Financial Corporation	COM	97650W108	629	7,400	SH		DFND		0	0	7,400
Zumiez Inc.	COM	989817101	909	34,500	SH		DFND		0	0	34,500