UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2011
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 July 22, 2011
[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: 82
Form 13F Information Table Value Total: $1,100,364
(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 11,050 210,000 SH SOLE 210,000
ADTRAN, INC. COM 00738A106 12,325 318,400 SH SOLE 318,400
AIR PRODUCTS & CHEMICALS COM 009158106 3,345 35,000 SH SOLE 35,000
AMERICAN EXPRESS CO. COM 025816109 18,095 350,000 SH SOLE 350,000
APPLE INC. COM 037833100 31,889 95,000 SH SOLE 95,000
AUTOMATIC DATA PROCESSING INC. COM 053015103 15,804 300,000 SH SOLE 300,000
AVON PRODUCTS, INC. COM 054303102 9,229 329,600 SH SOLE 329,600
BANK OF AMERICA CORP. COM 060505104 15,180 1,385,000 SH SOLE 1,385,000
BANK OF NEW YORK MELLON CORP. COM 064058100 10,345 403,775 SH SOLE 403,775
BRISTOL-MYERS SQUIBB CO. COM 110122108 4,606 159,061 SH SOLE 159,061
BROADCOM CORP. CL A 111320107 6,728 200,000 SH SOLE 200,000
BUNGE LTD. COM G16962105 10,687 155,000 SH SOLE 155,000
CATERPILLAR INC DEL COM 149123101 14,904 140,000 SH SOLE 140,000
CELGENE CORP. COM 151020104 9,754 161,700 SH SOLE 161,700
CF INDUSTRIES HOLDINGS, INC. COM 125269100 4,963 35,031 SH SOLE 35,031
CHEVRON CORP. COM 166764100 20,568 200,000 SH SOLE 200,000
CISCO SYSTEMS, INC. COM 17275R102 13,269 850,000 SH SOLE 850,000
CLIFFS NATURAL RESOURCES INC. COM 18683K101 11,094 120,000 SH SOLE 120,000
COCA-COLA CO. COM 191216100 15,140 225,000 SH SOLE 225,000
COGNIZANT TECHNOLOGY SOLUTIONS CLA 192446102 11,001 150,000 SH SOLE 150,000
COLUMBIA SPORTSWEAR CO. COM 198516106 12,680 200,000 SH SOLE 200,000
CONSOL ENERGY INC. COM 20854P109 3,573 73,700 SH SOLE 73,700
CURTISS-WRIGHT CORP. COM 231561101 10,358 320,000 SH SOLE 320,000
CVS/CAREMARK CORP. COM 126650100 11,086 295,000 SH SOLE 295,000
DOW CHEMICAL CO. COM 260543103 14,400 400,000 SH SOLE 400,000
EMERSON ELECTRIC CO. COM 291011104 11,250 200,000 SH SOLE 200,000
EXXON MOBIL CORP. COM 30231G102 17,497 215,000 SH SOLE 215,000
F5 NETWORKS INC. COM 315616102 5,513 50,000 SH SOLE 50,000
FEDEX CORP. COM 31428X106 10,908 115,000 SH SOLE 115,000
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 13,384 253,000 SH SOLE 253,000
GENERAL ELECTRIC CO. COM 369604103 13,353 708,000 SH SOLE 708,000
GILEAD SCIENCES INC. COM 375558103 10,352 250,000 SH SOLE 250,000
GOODRICH CORP. COM 382388106 11,938 125,000 SH SOLE 125,000
GOOGLE INC. CLA 38259P508 15,191 30,000 SH SOLE 30,000
HALLIBURTON CO. COM 406216101 7,650 150,000 SH SOLE 150,000
HEWLETT-PACKARD CO. COM 428236103 10,920 300,000 SH SOLE 300,000
HOSPIRA INC. COM 441060100 9,915 175,000 SH SOLE 175,000
INTEL CORP. COM 458140100 18,614 840,000 SH SOLE 840,000
JOHNSON & JOHNSON COM 478160104 16,963 255,000 SH SOLE 255,000
JPMORGAN CHASE & CO. COM 46625H100 22,926 560,000 SH SOLE 560,000
LIFE TECHNOLOGIES CORP. COM 53217V109 10,414 200,000 SH SOLE 200,000
LOWE'S COMPANIES, INC. COM 548661107 13,986 600,000 SH SOLE 600,000
MARRIOTT INTERNATIONAL INC/DE CL A 571903202 10,647 300,000 SH SOLE 300,000
MASCO CORP. COM 574599106 9,925 825,000 SH SOLE 825,000
MCDONALD'S CORP. COM 580135101 21,080 250,000 SH SOLE 250,000
MDU RESOURCES GROUP, INC. COM 552690109 10,645 473,100 SH SOLE 473,100
MEDTRONIC, INC. COM 585055106 13,485 350,000 SH SOLE 350,000
MICROSOFT CORP. COM 594918104 18,200 700,000 SH SOLE 700,000
MORGAN STANLEY COM NEW 617446448 9,204 400,000 SH SOLE 400,000
NATIONAL OILWELL VARCO COM 637071101 7,821 100,000 SH SOLE 100,000
NETAPP, INC. COM 64110D104 15,834 300,000 SH SOLE 300,000
NEWELL RUBBERMAID INC. COM 651229106 6,312 400,000 SH SOLE 400,000
NORFOLK SOUTHERN CORP. COM 655844108 14,986 200,000 SH SOLE 200,000
NORTHEAST UTILITIES COM 664397106 12,310 350,000 SH SOLE 350,000
ORACLE CORP. COM 68389X105 36,201 1,100,000 SH SOLE 1,100,000
PEABODY ENERGY CORP. COM 704549104 1,673 28,400 SH SOLE 28,400
PEPSICO, INC. COM 713448108 21,129 300,000 SH SOLE 300,000
PETROLEUM & RESOURCES COM 716549100 64,488 2,186,774 SH SOLE 2,186,774
PFIZER INC COM 717081103 16,480 800,000 SH SOLE 800,000
PNC FINANCIAL SERVICES GROUP, COM 693475105 16,095 270,000 SH SOLE 270,000
POTASH CORP OF SASKATCHEWAN COM 73755L107 9,882 173,400 SH SOLE 173,400
PRAXAIR, INC. COM 74005P104 8,129 75,000 SH SOLE 75,000
PROCTER & GAMBLE CO. COM 742718109 20,025 315,000 SH SOLE 315,000
PRUDENTIAL FINANCIAL, INC. COM 744320102 19,713 310,000 SH SOLE 310,000
QUALCOMM INC. COM 747525103 17,037 300,000 SH SOLE 300,000
RYLAND GROUP INC. COM 783764103 10,141 613,500 SH SOLE 613,500
SAFEWAY INC. COM NEW 786514208 7,946 340,000 SH SOLE 340,000
SENOMYX, INC. COM 81724Q107 6,602 1,284,400 SH SOLE 1,284,400
SPECTRA ENERGY CORP. COM 847560109 11,122 405,780 SH SOLE 405,780
SPIRIT AEROSYSTEMS HOLDINGS, COM CL A 848574109 11,000 500,000 SH SOLE 500,000
STATE STREET CORP. COM 857477103 8,702 193,000 SH SOLE 193,000
T. ROWE PRICE GROUP INC. COM 74144T108 12,068 200,000 SH SOLE 200,000
TARGET CORP. COM 87612E106 15,011 320,000 SH SOLE 320,000
TECK RESOURCES LTD CL B 878742204 5,074 100,000 SH SOLE 100,000
TEVA PHARMACEUTICAL INDUSTRIES ADR 881624209 15,913 330,000 SH SOLE 330,000
TRANSOCEAN LTD. REG SHS H8817H100 6,133 95,000 SH SOLE 95,000
UNILEVER PLC ADR SPON ADR NEW 904767704 16,195 500,000 SH SOLE 500,000
UNITED TECHNOLOGIES CORP. COM 913017109 11,506 130,000 SH SOLE 130,000
UNITEDHEALTH GROUP INC. COM 91324P102 12,766 247,500 SH SOLE 247,500
WALT DISNEY CO. COM 254687106 18,739 480,000 SH SOLE 480,000
WELLS FARGO & CO. COM 949746101 17,818 635,000 SH SOLE 635,000
ZIMMER HOLDINGS, INC. COM 98956P102 9,480 150,000 SH SOLE 150,000
1,100,364