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, 2012
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, 2012
[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: 113
Form 13F Information Table Value Total: $1,168,034
(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
ACE LTD. SHS H0023R105 12,474 165,000 SH SOLE 165,000
ADTRAN, INC. COM 00738A106 2,333 135,000 SH SOLE 135,000
AFFILIATED MANAGERS GROUP, INC. COM 008252108 4,920 40,000 SH SOLE 40,000
AIR PRODUCTS & CHEMICALS, INC. COM 009158106 2,481 30,000 SH SOLE 30,000
AMERICAN CAMPUS COMMUNITIES INC. COM 024835100 3,949 90,000 SH SOLE 90,000
AMERIGROUP CORP. COM 03073T102 10,514 115,000 SH SOLE 115,000
ANADARKO PETROLEUM CORP. COM 032511107 3,496 50,000 SH SOLE 50,000
APPLE INC. COM 037833100 58,719 88,000 SH SOLE 88,000
AT&T CORP. COM 00206R102 20,735 550,000 SH SOLE 550,000
AUTOMATIC DATA PROCESSING, INC. COM 053015103 11,732 200,000 SH SOLE 200,000
AVON PRODUCTS, INC. COM 054303102 5,736 359,600 SH SOLE 359,600
AXIS CAPITAL HOLDINGS, LTD. SHS G0692U109 7,682 220,000 SH SOLE 220,000
BANK OF AMERICA CORP. COM 060505104 8,212 930,000 SH SOLE 930,000
BANK OF NEW YORK MELLON CORP. COM 064058100 9,133 403,775 SH SOLE 403,775
BOEING CO. COM 097023105 10,443 150,000 SH SOLE 150,000
BORGWARNER INC. COM 099724106 7,602 110,000 SH SOLE 110,000
BRISTOL-MYERS SQUIBB CO. COM 110122108 5,368 159,061 SH SOLE 159,061
BROADCOM CORP. CL A 111320107 3,458 100,000 SH SOLE 100,000
BUNGE LTD. COM G16962105 8,716 130,000 SH SOLE 130,000
CAPITAL ONE FINANCIAL CORP. COM 14040H105 12,827 225,000 SH SOLE 225,000
CATAMARAN CORP. COM 148887102 5,878 60,000 SH SOLE 60,000
CATERPILLAR INC. COM 149123101 10,325 120,000 SH SOLE 120,000
CELGENE CORP. COM 151020104 9,168 120,000 SH SOLE 120,000
CENTURYLINK INC. COM 156700106 14,544 360,000 SH SOLE 360,000
CF INDUSTRIES HOLDINGS, INC. COM 125269100 8,563 38,531 SH SOLE 38,531
CHEVRON CORP. COM 166764100 18,183 156,000 SH SOLE 156,000
CISCO SYSTEMS, INC. COM 17275R102 16,227 850,000 SH SOLE 850,000
CLIFFS NATURAL RESOURCES INC. COM 18683K101 2,543 65,000 SH SOLE 65,000
COACH INC. COM 189754104 5,042 90,000 SH SOLE 90,000
COCA-COLA CO. COM 191216100 11,379 300,000 SH SOLE 300,000
COGNIZANT TECHNOLOGY SOLUTIONS CL A 192446102 11,187 160,000 SH SOLE 160,000
COLUMBIA SPORTSWEAR CO. COM 198516106 10,800 200,000 SH SOLE 200,000
CONSOL ENERGY INC. COM 20854P109 2,215 73,700 SH SOLE 73,700
CVS/CAREMARK CORP. COM 126650100 14,284 295,000 SH SOLE 295,000
DIAGEO PLC ADR SPON ADR NEW 25243Q205 5,636 50,000 SH SOLE 50,000
DIGITAL REALTY TRUST INC. COM 253868103 3,143 45,000 SH SOLE 45,000
DOW CHEMICAL CO. COM 260543103 10,426 360,000 SH SOLE 360,000
EATON CORP. COM 278058102 9,688 205,000 SH SOLE 205,000
EBAY INC. COM 278642103 7,262 150,000 SH SOLE 150,000
EMERSON ELECTRIC CO. COM 291011104 8,206 170,000 SH SOLE 170,000
EXPRESS SCRIPTS HOLDING CO. COM 30219G108 13,474 215,000 SH SOLE 215,000
EXXON MOBIL CORP. COM 30231G102 9,602 105,000 SH SOLE 105,000
F5 NETWORKS INC. COM 315616102 3,141 30,000 SH SOLE 30,000
FEDEX CORP. COM 31428X106 9,731 115,000 SH SOLE 115,000
FIFTH THIRD BANCORP COM 316773100 6,980 450,000 SH SOLE 450,000
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 6,558 165,700 SH SOLE 165,700
GENERAL ELECTRIC CO. COM 369604103 16,578 730,000 SH SOLE 730,000
GENERAL MILLS INC. COM 370334104 7,173 180,000 SH SOLE 180,000
GILEAD SCIENCES INC. CL A 375558103 14,261 215,000 SH SOLE 215,000
GOOGLE INC. COM 38259P508 16,901 22,400 SH SOLE 22,400
HALLIBURTON CO. COM 406216101 5,054 150,000 SH SOLE 150,000
HANCOCK HOLDING CO. COM 410120109 4,952 160,000 SH SOLE 160,000
HCP, INC. COM 40414L109 5,115 115,000 SH SOLE 115,000
HEWLETT-PACKARD CO. COM 428236103 4,265 250,000 SH SOLE 250,000
HONEYWELL INT'L INC. COM 438516106 15,236 255,000 SH SOLE 255,000
IDACORP, INC. COM 451107106 4,846 112,000 SH SOLE 112,000
INTEL CORP. COM 458140100 12,928 570,000 SH SOLE 570,000
INTERNATIONAL BUSINESS MACHINES COM 459200101 18,671 90,000 SH SOLE 90,000
INTUITIVE SURGICAL, INC. COM NEW 46120E602 2,478 5,000 SH SOLE 5,000
JOHNSON & JOHNSON COM 478160104 11,715 170,000 SH SOLE 170,000
JPMORGAN CHASE & CO. COM 46625H100 24,288 600,000 SH SOLE 600,000
KANSAS CITY SOUTHERN COM NEW 485170302 3,789 50,000 SH SOLE 50,000
KINDER MORGAN INC COM 49456B101 4,973 140,000 SH SOLE 140,000
LIFE TECHNOLOGIES CORP. COM 53217V109 6,110 125,000 SH SOLE 125,000
LOWE'S COMPANIES, INC. COM 548661107 18,144 600,000 SH SOLE 600,000
MARRIOTT INTERNATIONAL INC. COM 571903202 11,730 300,000 SH SOLE 300,000
MASCO CORP. COM 574599106 10,911 725,000 SH SOLE 725,000
MCDONALD'S CORP. COM 580135101 22,020 240,000 SH SOLE 240,000
MCKESSON CORP. COM 58155Q103 9,979 116,000 SH SOLE 116,000
MDU RESOURCES GROUP, INC. COM 552690109 6,052 274,600 SH SOLE 274,600
MEDTRONIC, INC. COM 585055106 15,092 350,000 SH SOLE 350,000
METLIFE INC. COM 59156R108 9,821 285,000 SH SOLE 285,000
MICROSOFT CORP. COM 594918104 20,846 700,000 SH SOLE 700,000
NATIONAL OILWELL VARCO, INC. COM 637071101 8,011 100,000 SH SOLE 100,000
NETAPP, INC. COM 64110D104 4,110 125,000 SH SOLE 125,000
NEWELL RUBBERMAID INC. COM 651229106 7,636 400,000 SH SOLE 400,000
NISOURCE INC. COM 65473P105 5,351 210,000 SH SOLE 210,000
NOBLE CORP. SHS H5833N103 4,294 120,000 SH SOLE 120,000
NORFOLK SOUTHERN CORP. COM 655844108 4,772 75,000 SH SOLE 75,000
NORTHEAST UTILITIES COM 664397106 3,670 96,000 SH SOLE 96,000
ORACLE CORP. COM 68389X105 15,745 500,000 SH SOLE 500,000
PEABODY ENERGY CORP. COM 704549104 860 38,560 SH SOLE 38,560
PEPSICO, INC. COM 713448108 17,693 250,000 SH SOLE 250,000
PETROLEUM & RESOURCES CORP. COM 716549100 57,381 2,186,774 SH SOLE 2,186,774
PFIZER INC. COM 717081103 19,880 800,000 SH SOLE 800,000
PHILIP MORRIS INTERNATIONAL INC. COM 718172109 13,491 150,000 SH SOLE 150,000
PNC FINANCIAL SERVICES GROUP COM 693475105 14,829 235,000 SH SOLE 235,000
POTASH CORP OF OF SASKATCHEWAN INC. COM 73755L107 5,649 130,100 SH SOLE 130,100
PRAXAIR, INC. COM 74005P104 7,012 67,500 SH SOLE 67,500
PROCTER & GAMBLE CO. COM 742718109 19,421 280,000 SH SOLE 280,000
PRUDENTIAL FINANCIAL,INC. COM 744320102 5,451 100,000 SH SOLE 100,000
QUALCOMM INC. COM 747525103 18,747 300,000 SH SOLE 300,000
RYLAND GROUP INC. COM 783764103 10,005 333,500 SH SOLE 333,500
SAFEWAY INC. COM NEW 786514208 5,471 340,000 SH SOLE 340,000
SCHLUMBERGER LTD COM 806857108 8,680 120,000 SH SOLE 120,000
SEADRILL LTD. SHS G7945E105 1,569 40,000 SH SOLE 40,000
SENOMYX, INC. COM 81724Q107 2,440 1,284,400 SH SOLE 1,284,400
SOUTH JERSEY INDUSTRIES, INC. COM 838518108 5,293 100,000 SH SOLE 100,000
SPECTRA ENERGY CORP. COM 847560109 4,333 147,580 SH SOLE 147,580
SPIRIT AEROSYSTEMS HOLDINGS, INC. COM CL A 848574109 11,105 500,000 SH SOLE 500,000
T. ROWE PRICE GROUP INC. COM 74144T108 8,546 135,000 SH SOLE 135,000
TARGET CORP. COM 87612E106 7,616 120,000 SH SOLE 120,000
TECK RESOURCES LTD CL B 878742204 2,238 76,000 SH SOLE 76,000
TEREX CORP. COM 880779103 6,435 285,000 SH SOLE 285,000
TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 9,110 220,000 SH SOLE 220,000
UNILEVER PLC ADR SPON ADR NEW 904767704 11,869 325,000 SH SOLE 325,000
UNITED TECHNOLOGIES CORP. COM 913017109 9,982 127,500 SH SOLE 127,500
UNITEDHEALTH GROUP INC. COM 91324P102 13,714 247,500 SH SOLE 247,500
VERIZON COMMUNICATIONS COM 92343V104 13,671 300,000 SH SOLE 300,000
WALT DISNEY CO. COM 254687106 18,821 360,000 SH SOLE 360,000
WELLS FARGO & CO. COM 949746101 21,063 610,000 SH SOLE 610,000
WISCONSIN ENERGY CORP. COM 976657106 5,651 150,000 SH SOLE 150,000
ZIMMER HOLDINGS, INC. COM 98956P102 7,776 115,000 SH SOLE 115,000
1,168,034