ADAMS NATURAL RESOURCES FUND, INC.

Registered fund

CIK

216851

Location

BALTIMORE, MD

Portfolio Value

Small $857,445,770

Diversification

Diversified

Filing Date

Global Rank

#2,991 / 8,827 ▼ 443 · as of Jun 2026

Top Industry

Oil & Gas Integrated 39.5%

Period ended 37 days ago

Filed Oct 21, 2026 · 16d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered fund

Form N-CEN, Dec 31, 2025

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 67.0% of the book (60%+)

Turnover

Low turnover

22.0% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 23.4 quarters (12+), a floor since 82.9% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 95.2%; sector active share 93.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

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

Top Position

25.3%

+1.2 pts

Top 5

54.7%

+3.7 pts

Top 10

70.4%

+3.4 pts

HHI

1,009

Diversified+99

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Energy	83.8%	$718,660,306	24
Basic Materials	14.9%	$127,599,781	19
Consumer Cyclical	1.3%	$10,993,814	6
Industrials	0.0%	$191,869	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
BALL	BALL Corp	+59,000	75,300	$4,219,059
APD	Air Products & Chemicals, Inc.	+23,300	41,400	$11,518,722
CVX	Chevron Corp	+7,600	594,224	$121,346,483
VMC	Vulcan Materials CO	+6,500	34,200	$8,366,346
IFF	International Flavors & Fragrances Inc	+6,100	72,606	$6,061,148
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
SHW	Sherwin Williams Co	−14,300	19,400	$6,271,438
XOM	ExxonMobil Holdings Corp	−12,000	1,334,355	$217,166,276
ECL	Ecolab Inc.	−9,500	21,900	$6,013,302
VLO	Valero Energy Corp	−9,100	104,600	$40,544,006
PSX	Phillips 66	−6,600	134,875	$34,434,936
SLB	Slb Limited	−4,900	542,733	$26,441,951
MPC	Marathon Petroleum Corp	−4,400	75,512	$29,858,955
COP	Conocophillips	−4,000	440,303	$55,103,920
WMB	Williams Companies, Inc.	−3,800	421,450	$28,645,956
HAL	Halliburton Co	−3,200	349,853	$11,125,325
OXY	Occidental Petroleum Corp	−2,800	303,751	$16,803,505
DVN	Devon Energy Corp	−2,400	259,360	$11,940,934
FCX	Freeport-Mcmoran Inc	−2,100	231,100	$16,177,000
BKR	Baker Hughes Co	−2,000	221,800	$12,176,820
NEM	NEWMONT Corp	−1,100	119,000	$13,725,460
TRGP	Targa Resources Corp.	−900	90,700	$24,517,117
FANG	Diamondback Energy, Inc.	−800	83,000	$15,256,230
LIN	Linde PLC	−500	53,200	$25,251,380
NUE	Nucor Corp	−400	42,700	$9,981,125
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
LNG	Cheniere Energy, Inc.	15,600	$4,196,868
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
DD	DuPont de Nemours, Inc.	31,642	$4,291,920
CCJ	Cameco Corp	18,000	$1,833,480
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

50 tracked positions · $857,445,770 total · filing declares 50 positions · $857,445,781 · as of Sep 30, 2026

All sectors Basic Materials Consumer Cyclical Energy Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
XOM	ExxonMobil Holdings Corp Energy	Reduced	1,334,355	-12,000	$217,166,276	+18.0%	25.33%
CVX	Chevron Corp Energy	Added	594,224	+7,600	$121,346,483	+24.8%	14.15%
COP	Conocophillips Energy	Reduced	440,303	-4,000	$55,103,920	+19.3%	6.43%
VLO	Valero Energy Corp Energy	Reduced	104,600	-9,100	$40,544,006	+36.9%	4.73%
PSX	Phillips 66 Energy	Reduced	134,875	-6,600	$34,434,936	+44.0%	4.02%
MPC	Marathon Petroleum Corp Energy	Reduced	75,512	-4,400	$29,858,955	+46.1%	3.48%
WMB	Williams Companies, Inc. Energy	Reduced	421,450	-3,800	$28,645,956	−9.4%	3.34%
SLB	Slb Limited Energy	Reduced	542,733	-4,900	$26,441,951	+3.9%	3.08%
LIN	Linde PLC Basic Materials	Reduced	53,200	-500	$25,251,380	−9.4%	2.94%
TRGP	Targa Resources Corp. Energy	Reduced	90,700	-900	$24,517,117	−0.2%	2.86%
EOG	Eog Resources Inc Energy	Held	140,067	0	$19,295,629	+6.2%	2.25%
OXY	Occidental Petroleum Corp Energy	Reduced	303,751	-2,800	$16,803,505	+12.9%	1.96%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	231,100	-2,100	$16,177,000	+10.3%	1.89%
FANG	Diamondback Energy, Inc. Energy	Reduced	83,000	-800	$15,256,230	+3.6%	1.78%
NEM	NEWMONT Corp Basic Materials	Reduced	119,000	-1,100	$13,725,460	+22.4%	1.60%
KMI	Kinder Morgan, Inc. Energy	Held	429,392	0	$12,946,168	−5.7%	1.51%
BKR	Baker Hughes Co Energy	Reduced	221,800	-2,000	$12,176,820	−2.0%	1.42%
OKE	Oneok Inc Energy	Held	140,500	0	$11,980,435	−1.9%	1.40%
DVN	Devon Energy Corp Energy	Reduced	259,360	-2,400	$11,940,934	+10.4%	1.39%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	41,400	+23,300	$11,518,722	+117.1%	1.34%
HAL	Halliburton Co Energy	Reduced	349,853	-3,200	$11,125,325	−7.2%	1.30%
NUE	Nucor Corp Basic Materials	Reduced	42,700	-400	$9,981,125	+4.0%	1.16%
VMC	Vulcan Materials CO Basic Materials	Added	34,200	+6,500	$8,366,346	+2.4%	0.98%
EXE	EXPAND ENERGY Corp Energy	Held	88,500	0	$7,441,965	−7.8%	0.87%
EQT	EQT Corp Energy	Held	153,000	0	$7,429,680	−8.7%	0.87%
SHW	Sherwin Williams Co Basic Materials	Reduced	19,400	-14,300	$6,271,438	−46.0%	0.73%
IFF	International Flavors & Fragrances Inc Basic Materials	Added	72,606	+6,100	$6,061,148	+15.0%	0.71%
ECL	Ecolab Inc. Basic Materials	Reduced	21,900	-9,500	$6,013,302	−31.3%	0.70%
CF	CF Industries Holdings, Inc. Basic Materials	Held	42,669	0	$4,915,468	+6.4%	0.57%
CRH	Crh Public Ltd Co Basic Materials	Held	57,400	0	$4,752,720	−22.6%	0.55%
CTVA	Corteva, Inc. Basic Materials	Held	57,945	0	$4,499,429	−8.3%	0.52%
TPL	Texas Pacific Land Corp Energy	Held	13,350	0	$4,349,830	−25.5%	0.51%
BALL	BALL Corp Consumer Cyclical	Added	75,300	+59,000	$4,219,059	+314.8%	0.49%
LNG	Cheniere Energy, Inc. Energy	NEW	15,600	NEW	$4,196,868	NEW	0.49%
FTI	TechnipFMC plc Energy	Held	48,600	0	$3,300,912	+2.4%	0.38%
STLD	Steel Dynamics Inc Basic Materials	Held	11,026	0	$2,443,471	−3.4%	0.28%
APA	APA Corp Energy	Held	56,000	0	$2,326,240	+27.5%	0.27%
MLM	Martin Marietta Materials Inc Basic Materials	Held	4,500	0	$2,159,145	−16.8%	0.25%
PPG	Ppg Industries Inc Basic Materials	Held	18,100	0	$1,888,373	−14.0%	0.22%
SW	Smurfit Westrock plc Consumer Cyclical	Held	41,300	0	$1,821,330	−4.7%	0.21%
AMCR	Amcor plc Consumer Cyclical	Held	34,880	0	$1,460,076	−3.4%	0.17%
DOW	Dow Inc. Basic Materials	Held	52,945	0	$1,458,105	+0.7%	0.17%
IP	International Paper Co Consumer Cyclical	Held	40,900	0	$1,356,653	−12.9%	0.16%
PKG	Packaging Corp Of America Consumer Cyclical	Held	5,300	0	$1,215,078	−3.8%	0.14%
AVY	Avery Dennison Corp Consumer Cyclical	Held	5,400	0	$921,618	+5.1%	0.11%
LYB	LyondellBasell Industries N.V. Basic Materials	Held	15,600	0	$896,532	+9.2%	0.10%
ALB	Albemarle Corp Basic Materials	Held	7,200	0	$761,616	−21.7%	0.09%
MOS	Mosaic Co Basic Materials	Held	21,201	0	$459,001	+2.2%	0.05%
EOSE	Eos Energy Enterprises, Inc. Industrials	Held	62,600	0	$191,869	−47.9%	0.02%
CHRD	Chord Energy Corp Energy	Held	225	0	$30,165	+17.3%	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.