ADAMS NATURAL RESOURCES FUND, INC.

CIK

216851

Location

BALTIMORE, MD

Portfolio Value

Small $578,859,192

Diversification

Diversified

Filing Date

Global Rank

#2,604 / 8,633 ▼ 615

Top Industry

Oil & Gas E&P 22.2%

3Y Alpha vs SPY

-7.8%

Period ended 51 days ago

Filed Jul 22, 2026 · 29d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+44.3%

SPY

+76.2%

Annualised alpha

-7.8%

Max drawdown

−21.9%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

50 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

16.8%

−9.6 pts

Top 5

40.2%

−14.0 pts

Top 10

59.6%

−8.8 pts

HHI

570

Diversified−487

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Energy	75.5%	$436,931,434	23
Basic Materials	23.0%	$133,422,100	20
Consumer Cyclical	1.4%	$8,137,570	6
Industrials	0.1%	$368,088	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
OXY	Occidental Petroleum Corp /De/	+140,600	306,551	$14,889,182
COP	Conocophillips	+67,100	444,303	$46,189,739
IFF	International Flavors & Fragrances Inc	+46,300	66,506	$5,268,605
EXE	EXPAND ENERGY Corp	+42,100	88,500	$8,070,315
VLO	Valero Energy Corp/Tx	+18,700	113,700	$29,612,028
SHW	Sherwin Williams Co	+9,600	33,700	$11,603,584
FANG	Diamondback Energy, Inc.	+9,600	83,800	$14,730,364
HAL	Halliburton Co	+8,200	353,053	$11,986,149
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
DVN	Devon Energy Corp/De	−110,640	261,760	$10,815,923
EQT	EQT Corp	−70,900	153,000	$8,135,010
DD	DuPont de Nemours, Inc.	−46,984	31,642	$4,291,920
WMB	Williams Companies, Inc.	−32,200	425,250	$31,613,085
CVX	Chevron Corp	−28,100	586,624	$97,238,794
PSX	Phillips 66	−14,000	141,475	$23,916,348
NUE	Nucor Corp	−8,900	43,100	$9,600,525
NEM	NEWMONT Corp /DE/	−8,300	120,100	$11,217,340
PKG	Packaging Corp Of America	−7,400	5,300	$1,262,884
CRH	Crh Public Ltd Co	−6,600	57,400	$6,141,800
MPC	Marathon Petroleum Corp	−5,100	79,912	$20,431,101
SLB	Slb Limited/Nv	−5,000	547,633	$25,459,458
CF	CF Industries Holdings, Inc.	−3,900	42,669	$4,619,345
KMI	Kinder Morgan, Inc.	−3,900	429,392	$13,727,662
BKR	Baker Hughes Co	−2,100	223,800	$12,420,900
EOG	Eog Resources Inc	−1,300	140,067	$18,170,891
OKE	Oneok Inc /New/	−1,300	140,500	$12,215,070
TRGP	Targa Resources Corp.	−900	91,600	$24,561,624
MLM	Martin Marietta Materials Inc	−900	4,500	$2,595,150
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
XOM	ExxonMobil Holdings Corp	1,334,555	$226,420,601
CVE	Cenovus Energy Inc.	209,900	$5,568,647
CCK	Crown Holdings, Inc.	29,600	$2,967,400
CTRA	Coterra Energy Inc.	120,800	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

50 tracked positions · $578,859,192 total · as of Jun 30, 2026

All sectors Basic Materials Consumer Cyclical Energy Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CVX	Chevron Corp Energy	Reduced	586,624	-28,100	$97,238,794	−23.5%	16.80%
COP	Conocophillips Energy	Added	444,303	+67,100	$46,189,739	−7.2%	7.98%
WMB	Williams Companies, Inc. Energy	Reduced	425,250	-32,200	$31,613,085	−5.0%	5.46%
VLO	Valero Energy Corp/Tx Energy	Added	113,700	+18,700	$29,612,028	+26.2%	5.12%
LIN	Linde PLC Basic Materials	Held	53,700	0	$27,867,078	+4.7%	4.81%
SLB	Slb Limited/Nv Energy	Reduced	547,633	-5,000	$25,459,458	−10.4%	4.40%
TRGP	Targa Resources Corp. Energy	Reduced	91,600	-900	$24,561,624	+5.9%	4.24%
PSX	Phillips 66 Energy	Reduced	141,475	-14,000	$23,916,348	−15.6%	4.13%
MPC	Marathon Petroleum Corp Energy	Reduced	79,912	-5,100	$20,431,101	−1.6%	3.53%
EOG	Eog Resources Inc Energy	Reduced	140,067	-1,300	$18,170,891	−11.1%	3.14%
OXY	Occidental Petroleum Corp /De/ Energy	Added	306,551	+140,600	$14,889,182	+38.0%	2.57%
FANG	Diamondback Energy, Inc. Energy	Added	83,800	+9,600	$14,730,364	+0.4%	2.54%
FCX	Freeport-Mcmoran Inc Basic Materials	Held	233,200	0	$14,665,948	+7.0%	2.53%
KMI	Kinder Morgan, Inc. Energy	Reduced	429,392	-3,900	$13,727,662	−5.5%	2.37%
BKR	Baker Hughes Co Energy	Reduced	223,800	-2,100	$12,420,900	−9.9%	2.15%
OKE	Oneok Inc /New/ Energy	Reduced	140,500	-1,300	$12,215,070	−4.7%	2.11%
HAL	Halliburton Co Energy	Added	353,053	+8,200	$11,986,149	−10.9%	2.07%
SHW	Sherwin Williams Co Basic Materials	Added	33,700	+9,600	$11,603,584	+50.2%	2.00%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	120,100	-8,300	$11,217,340	−19.3%	1.94%
DVN	Devon Energy Corp/De Energy	Reduced	261,760	-110,640	$10,815,923	−42.3%	1.87%
NUE	Nucor Corp Basic Materials	Reduced	43,100	-8,900	$9,600,525	+9.2%	1.66%
ECL	Ecolab Inc. Basic Materials	Held	31,400	0	$8,748,354	+4.7%	1.51%
VMC	Vulcan Materials CO Basic Materials	Held	27,700	0	$8,171,777	+8.3%	1.41%
EQT	EQT Corp Energy	Reduced	153,000	-70,900	$8,135,010	−42.9%	1.41%
EXE	EXPAND ENERGY Corp Energy	Added	88,500	+42,100	$8,070,315	+58.4%	1.39%
CRH	Crh Public Ltd Co Basic Materials	Reduced	57,400	-6,600	$6,141,800	−8.7%	1.06%
TPL	Texas Pacific Land Corp Energy	Held	13,350	0	$5,842,494	−7.8%	1.01%
APD	Air Products & Chemicals, Inc. Basic Materials	Held	18,100	0	$5,306,558	+0.9%	0.92%
IFF	International Flavors & Fragrances Inc Basic Materials	Added	66,506	+46,300	$5,268,605	+259.4%	0.91%
CTVA	Corteva, Inc. Basic Materials	Held	57,945	0	$4,907,362	+1.2%	0.85%
CF	CF Industries Holdings, Inc. Basic Materials	Reduced	42,669	-3,900	$4,619,345	−23.6%	0.80%
DD	DuPont de Nemours, Inc. Basic Materials	Reduced	31,642	-46,984	$4,291,920	+19.2%	0.74%
FTI	TechnipFMC plc Energy	Held	48,600	0	$3,222,180	−4.1%	0.56%
MLM	Martin Marietta Materials Inc Basic Materials	Reduced	4,500	-900	$2,595,150	−18.4%	0.45%
STLD	Steel Dynamics Inc Basic Materials	Held	11,026	0	$2,530,025	+27.5%	0.44%
PPG	Ppg Industries Inc Basic Materials	Held	18,100	0	$2,195,349	+13.5%	0.38%
SW	Smurfit Westrock plc Consumer Cyclical	Held	41,300	0	$1,910,538	+16.1%	0.33%
CCJ	Cameco Corp Energy	Held	18,000	0	$1,833,480	−6.2%	0.32%
APA	APA Corp Energy	Held	56,000	0	$1,823,920	−23.3%	0.32%
IP	International Paper Co /New/ Consumer Cyclical	Held	40,900	0	$1,558,290	+6.7%	0.27%
AMCR	Amcor plc Consumer Cyclical	Held	34,880	0	$1,512,048	+9.1%	0.26%
DOW	Dow Inc. Basic Materials	Held	52,945	0	$1,448,575	−34.3%	0.25%
PKG	Packaging Corp Of America Consumer Cyclical	Reduced	5,300	-7,400	$1,262,884	−53.1%	0.22%
BALL	BALL Corp Consumer Cyclical	Held	16,300	0	$1,017,120	+5.6%	0.18%
ALB	Albemarle Corp Basic Materials	Held	7,200	0	$972,216	−24.8%	0.17%
AVY	Avery Dennison Corp Consumer Cyclical	Held	5,400	0	$876,690	−6.0%	0.15%
LYB	LyondellBasell Industries N.V. Basic Materials	Held	15,600	0	$821,340	−34.6%	0.14%
MOS	Mosaic Co Basic Materials	Held	21,201	0	$449,249	−16.9%	0.08%
EOSE	Eos Energy Enterprises, Inc. Industrials	Held	62,600	0	$368,088	+18.5%	0.06%
CHRD	Chord Energy Corp Energy	Held	225	0	$25,717	−19.6%	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.