ADAMS NATURAL RESOURCES FUND, INC.
Filing Date
Global Rank
#1,660
/ 8,232
▲ 446
Top Industry
Oil & Gas Integrated
41.6%
3Y Alpha vs SPY
-5.9%
Period ended 3 months ago
Filed Apr 22, 2026 · 54d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+50.4%
SPY
+74.2%
Annualised alpha
-5.8%
Max drawdown
−19.6%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
54 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
26.2%
+2.1 pts
Top 5
53.9%
+2.5 pts
Top 10
68.1%
+3.6 pts
HHI
1,047
Diversified+116
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 83.8% | $723,275,676 |
| Basic Materials | 14.7% | $126,986,174 |
| Consumer Cyclical | 1.4% | $12,050,974 |
| Industrials | 0.0% | $310,496 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
8 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SLB | Slb Limited/Nv | +216,200 | 552,633 | $28,399,809 | |
| DVN | Devon Energy Corp/De | +73,200 | 372,400 | $18,739,168 | |
| HAL | Halliburton Co | +69,700 | 344,853 | $13,445,818 | |
| TRGP | Targa Resources Corp. | +23,100 | 92,500 | $23,192,525 | |
| WMB | Williams Companies, Inc. | +21,900 | 457,450 | $33,293,211 | |
| XOM | Exxon Mobil Corp | +16,500 | 1,334,555 | $226,420,601 | |
| VLO | Valero Energy Corp/Tx | +7,100 | 95,000 | $23,472,600 | |
| PKG | Packaging Corp Of America | +5,300 | 12,700 | $2,695,194 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
11 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| KMI | Kinder Morgan, Inc. | −255,800 | 433,292 | $14,528,280 | |
| BKR | Baker Hughes Co | −151,000 | 225,900 | $13,791,195 | |
| EQT | EQT Corp | −38,700 | 223,900 | $14,248,996 | |
| OKE | Oneok Inc /New/ | −24,800 | 141,800 | $12,817,302 | |
| OXY | Occidental Petroleum Corp /De/ | −24,700 | 165,951 | $10,786,815 | |
| CVE | Cenovus Energy Inc. | −18,200 | 209,900 | $5,568,647 | |
| FTI | TechnipFMC plc | −14,200 | 48,600 | $3,359,718 | |
| ECL | Ecolab Inc. | −11,000 | 31,400 | $8,353,028 | |
| CVX | Chevron Corp | −9,000 | 614,724 | $127,186,395 | |
| MPC | Marathon Petroleum Corp | −7,600 | 85,012 | $20,758,230 | |
| FANG | Diamondback Energy, Inc. | −5,300 | 74,200 | $14,676,018 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| AMCR | Amcor plc | 34,880 | $1,386,480 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CNQ | Canadian Natural Resources Ltd | 51,200 | $1,733,120 | |
| No positions match the current search. | ||||
26 positions ·
$723,275,676 total
· Energy only
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| XOM |
Exxon Mobil Corp
Energy
|
Added | 1,334,555 | $226,420,601 | 31.30% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 614,724 | $127,186,395 | 17.58% | |
| COP |
Conocophillips
Energy
|
Held | 377,203 | $49,790,796 | 6.88% | |
| WMB |
Williams Companies, Inc.
Energy
|
Added | 457,450 | $33,293,211 | 4.60% | |
| SLB |
Slb Limited/Nv
Energy
|
Added | 552,633 | $28,399,809 | 3.93% | |
| PSX |
Phillips 66
Energy
|
Held | 155,475 | $28,324,435 | 3.92% | |
| VLO |
Valero Energy Corp/Tx
Energy
|
Added | 95,000 | $23,472,600 | 3.25% | |
| TRGP |
Targa Resources Corp.
Energy
|
Added | 92,500 | $23,192,525 | 3.21% | |
| MPC |
Marathon Petroleum Corp
Energy
|
Reduced | 85,012 | $20,758,230 | 2.87% | |
| EOG |
Eog Resources Inc
Energy
|
Held | 141,367 | $20,437,427 | 2.83% | |
| DVN |
Devon Energy Corp/De
Energy
|
Added | 372,400 | $18,739,168 | 2.59% | |
| FANG |
Diamondback Energy, Inc.
Energy
|
Reduced | 74,200 | $14,676,018 | 2.03% | |
| KMI |
Kinder Morgan, Inc.
Energy
|
Reduced | 433,292 | $14,528,280 | 2.01% | |
| EQT |
EQT Corp
Energy
|
Reduced | 223,900 | $14,248,996 | 1.97% | |
| BKR |
Baker Hughes Co
Energy
|
Reduced | 225,900 | $13,791,195 | 1.91% | |
| HAL |
Halliburton Co
Energy
|
Added | 344,853 | $13,445,818 | 1.86% | |
| OKE |
Oneok Inc /New/
Energy
|
Reduced | 141,800 | $12,817,302 | 1.77% | |
| OXY |
Occidental Petroleum Corp /De/
Energy
|
Reduced | 165,951 | $10,786,815 | 1.49% | |
| TPL |
Texas Pacific Land Corp
Energy
|
Held | 13,350 | $6,335,376 | 0.88% | |
| CVE |
Cenovus Energy Inc.
Energy
|
Reduced | 209,900 | $5,568,647 | 0.77% | |
| EXE |
EXPAND ENERGY Corp
Energy
|
Held | 46,400 | $5,093,792 | 0.70% | |
| CTRA |
Coterra Energy Inc.
Energy
|
Held | 120,800 | $4,244,912 | 0.59% | |
| FTI |
TechnipFMC plc
Energy
|
Reduced | 48,600 | $3,359,718 | 0.46% | |
| APA |
APA Corp
Energy
|
Held | 56,000 | $2,376,640 | 0.33% | |
| CCJ |
Cameco Corp
Energy
|
Held | 18,000 | $1,954,980 | 0.27% | |
| CHRD |
Chord Energy Corp
Energy
|
Held | 225 | $31,990 | 0.00% |