UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2010
Check here if Amendment [ ];Amendment Number:
This amendment (Check only one) : [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: The Adams Express Company
Address: 7 St. Paul Street, Suite 1140
Baltimore, MD 21202
Form 13F File Number: 28-597
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it,that all information contained herein is true, correct and
complete,and that it is understood that all required items, statements,
schedules, lists, and tables are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Christine M. Sloan
Title: Assistant Treasurer
Phone: (410) 752-5900
Signature, Place, and Date of Signing:
/s/ Christine M. Sloan Baltimore, MD November 2, 2010
[Signature] [City, State] [Date]
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report).
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this report
and a portion are reported by other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 78
Form 13F Information Table Value Total: $1,012,439 (in thousands)
- List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE.
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
NAME OF ISSUER TITLE CUSIP VALUE SHRS OR SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
OF CLASS (x $1000) PRN AMT PRN CALL DISCRETN MANAGER SOLE SHARED NONE
ABBOTT LABORATORIES COM 002824100 16,717 320,000 SH SOLE 320,000
AMERICAN EXPRESS CO. COM 025816109 14,711 350,000 SH SOLE 350,000
APPLE INC. COM 037833100 21,281 75,000 SH SOLE 75,000
AUTOMATIC DATA PROCESSING INC. COM 053015103 12,609 300,000 SH SOLE 300,000
AVON PRODUCTS, INC. COM 054303102 10,423 324,600 SH SOLE 324,600
BANK OF AMERICA CORP. COM 060505104 18,157 1,385,000 SH SOLE 1,385,000
BANK OF NEW YORK MELLON CORP. COM 064058100 10,551 403,775 SH SOLE 403,775
BRISTOL-MYERS SQUIBB CO. COM 110122108 4,312 159,061 SH SOLE 159,061
BROADCOM CORP. COM 111320107 14,156 400,000 SH SOLE 400,000
BUNGE LTD. COM G16962105 10,649 180,000 SH SOLE 180,000
CHEVRON CORP. COM 166764100 16,210 200,000 SH SOLE 200,000
CINTAS CORP. COM 172908105 8,265 300,000 SH SOLE 300,000
CISCO SYSTEMS, INC. COM 17275R102 18,615 850,000 SH SOLE 850,000
CLIFFS NATURAL RESOURCES INC. COM 18683K101 7,670 120,000 SH SOLE 120,000
COCA-COLA CO. COM 191216100 14,630 250,000 SH SOLE 250,000
COLUMBIA SPORTSWEAR CO. COM 198516106 11,688 200,000 SH SOLE 200,000
CONSOL ENERGY INC. COM 20854P109 7,392 200,000 SH SOLE 200,000
CURTISS-WRIGHT CORP. COM 231561101 10,908 360,000 SH SOLE 360,000
CVS/CAREMARK CORP. COM 126650100 9,284 295,000 SH SOLE 295,000
DEAN FOODS CO. COM 242370104 4,339 425,000 SH SOLE 425,000
DEL MONTE FOODS CO. COM 24522P103 10,488 800,000 SH SOLE 800,000
DELL INC. COM 24702R101 3,694 285,000 SH SOLE 285,000
DOW CHEMICAL CO. COM 260543103 7,889 287,300 SH SOLE 287,300
EMERSON ELECTRIC CO. COM 291011104 15,798 300,000 SH SOLE 300,000
EXXON MOBIL CORP. COM 30231G102 13,285 215,000 SH SOLE 215,000
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 11,528 135,000 SH SOLE 135,000
GENERAL ELECTRIC CO. COM 369604103 20,036 1,233,000 SH SOLE 1,233,000
GILEAD SCIENCES INC. COM 375558103 8,902 250,000 SH SOLE 250,000
GOOGLE INC. COM 38259P508 15,248 29,000 SH SOLE 29,000
HALLIBURTON CO. COM 406216101 4,960 150,000 SH SOLE 150,000
HANSEN NATURAL CORP. COM 411310105 9,324 200,000 SH SOLE 200,000
HARSCO CORP. COM 415864107 7,620 310,000 SH SOLE 310,000
HEWLETT-PACKARD CO. COM 428236103 12,621 300,000 SH SOLE 300,000
HOSPIRA INC. COM 441060100 9,977 175,000 SH SOLE 175,000
ILLINOIS TOOL WORKS INC. COM 452308109 11,755 250,000 SH SOLE 250,000
INTEL CORP. COM 458140100 16,153 840,000 SH SOLE 840,000
JOHNSON & JOHNSON COM 478160104 15,800 255,000 SH SOLE 255,000
JPMORGAN CHASE & CO. COM 46625H100 21,319 560,000 SH SOLE 560,000
LIFE TECHNOLOGIES CORP. COM 53217V109 9,338 200,000 SH SOLE 200,000
LOWE'S COMPANIES, INC. COM 548661107 13,374 600,000 SH SOLE 600,000
MASCO CORP. COM 574599106 4,954 450,000 SH SOLE 450,000
MCDONALD'S CORP. COM 580135101 18,627 250,000 SH SOLE 250,000
MDU RESOURCES GROUP, INC. COM 552690109 11,222 562,500 SH SOLE 562,500
MEAD JOHNSON NUTRITION CO. COM 582839106 6,680 117,383 SH SOLE 117,383
MEDTRONIC, INC. COM 585055106 11,753 350,000 SH SOLE 350,000
MICROSOFT CORP. COM 594918104 28,898 1,180,000 SH SOLE 1,180,000
MORGAN STANLEY COM 617446448 7,404 300,000 SH SOLE 300,000
NEWELL RUBBERMAID INC. COM 651229106 7,124 400,000 SH SOLE 400,000
NORFOLK SOUTHERN CORP. COM 655844108 11,902 200,000 SH SOLE 200,000
NORTHEAST UTILITIES COM 664397106 10,349 350,000 SH SOLE 350,000
ORACLE CORP. COM 68389X105 29,535 1,100,000 SH SOLE 1,100,000
OSHKOSH CORP. COM 688239201 10,450 380,000 SH SOLE 380,000
PEPSICO, INC. COM 713448108 23,918 360,000 SH SOLE 360,000
PETROLEUM & RESOURCES CORP COM 716549100 50,580 2,186,774 SH SOLE 2,186,774
PFIZER INC COM 717081103 17,430 1,015,125 SH SOLE 1,015,125
PNC FINANCIAL SERVICES GROUP COM 693475105 14,016 270,000 SH SOLE 270,000
POTASH CORP OF SASKATCHEWAN COM 73755L107 6,158 42,750 SH SOLE 42,750
PRAXAIR, INC. COM 74005P104 9,865 109,292 SH SOLE 109,292
PROCTER & GAMBLE CO. COM 742718109 18,891 315,000 SH SOLE 315,000
PRUDENTIAL FINANCIAL, INC. COM 744320102 16,796 310,000 SH SOLE 310,000
QUALCOMM INC. COM 747525103 13,536 300,000 SH SOLE 300,000
RYLAND GROUP INC. COM 783764103 6,156 343,500 SH SOLE 343,500
SAFEWAY INC. COM 786514208 8,252 390,000 SH SOLE 390,000
SENOMYX, INC. COM 81724Q107 5,112 1,284,400 SH SOLE 1,284,400
SPECTRA ENERGY CORP. COM 847560109 9,150 405,780 SH SOLE 405,780
SPIRIT AEROSYSTEMS HOLDINGS COM CL A 848574109 11,061 555,000 SH SOLE 555,000
STATE STREET CORP. COM 857477103 9,997 265,452 SH SOLE 265,452
T. ROWE PRICE GROUP INC. COM 74144T108 10,013 200,000 SH SOLE 200,000
TARGET CORP. COM 87612E106 17,101 320,000 SH SOLE 320,000
TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 17,408 330,000 SH SOLE 330,000
TRANSOCEAN LTD. REG SHS H8817H100 8,679 135,000 SH SOLE 135,000
UNILEVER PLC ADR SPON ADR NEW 904767704 20,469 703,400 SH SOLE 703,400
UNITED TECHNOLOGIES CORP. COM 913017109 21,369 300,000 SH SOLE 300,000
UNITEDHEALTH GROUP INC. COM 91324P102 12,289 350,000 SH SOLE 350,000
VISA INC. COM CL A 92826C839 6,683 90,000 SH SOLE 90,000
WALT DISNEY CO. COM 254687106 15,893 480,000 SH SOLE 480,000
WELLS FARGO & CO. COM 949746101 13,193 525,000 SH SOLE 525,000
ZIMMER HOLDINGS, INC. COM 98956P102 7,850 150,000 SH SOLE 150,000
1,012,439