Filed: 4/23/2025ACC: 0001104659-25-037849
📋 What this filing means
ADAMS NATURAL RESOURCES FUND, INC. filed this quarterly 13F‑HR report disclosing 52 equity positions with a total reported market value of $679.85M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
52
Positions
$679.85M
Total AUM (reported)
7.41M
Total Shares
Allocation by class
COM$679.85M100.0%
Portfolio Concentration
Top 3$289.96M42.6%
4–10$153.74M22.6%
11–25$167.67M24.7%
Rest$68.49M10.1%
Top 3 weight
42.6%
Top 10 weight
65.3%
Voting Authority Distribution
Total shares with voting rights: 7.41M
Sole
Full voting authority
7.41M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole52
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings52
Rows:
Exxon Mobil Corporation
SOLEShares1.35M
TypeSH
Market value$161.00M
23.68%
Sole
1.35M
Shared
0.00
None
0.00
Chevron Corporation
SOLEShares526.57K
TypeSH
Market value$88.09M
12.96%
Sole
526.57K
Shared
0.00
None
0.00
ConocoPhillips
SOLEShares389.10K
TypeSH
Market value$40.86M
6.01%
Sole
389.10K
Shared
0.00
None
0.00
Linde plc
SOLEShares64.40K
TypeSH
Market value$29.99M
4.41%
Sole
64.40K
Shared
0.00
None
0.00
EOG Resources, Inc.
SOLEShares202.07K
TypeSH
Market value$25.91M
3.81%
Sole
202.07K
Shared
0.00
None
0.00
Williams Companies, Inc.
SOLEShares365.35K
TypeSH
Market value$21.83M
3.21%
Sole
365.35K
Shared
0.00
None
0.00
Hess Corporation
SOLEShares136.59K
TypeSH
Market value$21.82M
3.21%
Sole
136.59K
Shared
0.00
None
0.00
Baker Hughes Company
SOLEShares418.10K
TypeSH
Market value$18.38M
2.70%
Sole
418.10K
Shared
0.00
None
0.00
Kinder Morgan, Inc.
SOLEShares636.19K
TypeSH
Market value$18.15M
2.67%
Sole
636.19K
Shared
0.00
None
0.00
ONEOK, Inc.
SOLEShares178K
TypeSH
Market value$17.66M
2.60%
Sole
178K
Shared
0.00
None
0.00
Targa Resources Corp.
SOLEShares83.30K
TypeSH
Market value$16.70M
2.46%
Sole
83.30K
Shared
0.00
None
0.00
Phillips 66
SOLEShares134.57K
TypeSH
Market value$16.62M
2.44%
Sole
134.57K
Shared
0.00
None
0.00
Schlumberger N.V.
SOLEShares373.73K
TypeSH
Market value$15.62M
2.30%
Sole
373.73K
Shared
0.00
None
0.00
Marathon Petroleum Corporation
SOLEShares105.61K
TypeSH
Market value$15.39M
2.26%
Sole
105.61K
Shared
0.00
None
0.00
Sherwin-Williams Company
SOLEShares38.80K
TypeSH
Market value$13.55M
1.99%
Sole
38.80K
Shared
0.00
None
0.00
Ecolab Inc.
SOLEShares48.40K
TypeSH
Market value$12.27M
1.80%
Sole
48.40K
Shared
0.00
None
0.00
Expand Energy Corporation
SOLEShares110.10K
TypeSH
Market value$12.26M
1.80%
Sole
110.10K
Shared
0.00
None
0.00
Coterra Energy Inc.
SOLEShares361.30K
TypeSH
Market value$10.44M
1.54%
Sole
361.30K
Shared
0.00
None
0.00
Valero Energy Corporation
SOLEShares78.30K
TypeSH
Market value$10.34M
1.52%
Sole
78.30K
Shared
0.00
None
0.00
Diamondback Energy, Inc.
SOLEShares55.20K
TypeSH
Market value$8.83M
1.30%
Sole
55.20K
Shared
0.00
None
0.00
Freeport-McMoRan, Inc.
SOLEShares224.30K
TypeSH
Market value$8.49M
1.25%
Sole
224.30K
Shared
0.00
None
0.00
Occidental Petroleum Corporation
SOLEShares148.35K
TypeSH
Market value$7.32M
1.08%
Sole
148.35K
Shared
0.00
None
0.00
Texas Pacific Land Corporation
SOLEShares5.45K
TypeSH
Market value$7.22M
1.06%
Sole
5.45K
Shared
0.00
None
0.00
Vulcan Materials Company
SOLEShares27.30K
TypeSH
Market value$6.37M
0.94%
Sole
27.30K
Shared
0.00
None
0.00
Air Products and Chemicals, Inc.
SOLEShares21.20K
TypeSH
Market value$6.25M
0.92%
Sole
21.20K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Exxon Mobil CorporationSOLE | COM | 1.35M | SH | $161.00M 23.68% | 1.35M | 0.00 | 0.00 |
Chevron CorporationSOLE | COM | 526.57K | SH | $88.09M 12.96% | 526.57K | 0.00 | 0.00 |
ConocoPhillipsSOLE | COM | 389.10K | SH | $40.86M 6.01% | 389.10K | 0.00 | 0.00 |
Linde plcSOLE | COM | 64.40K | SH | $29.99M 4.41% | 64.40K | 0.00 | 0.00 |
EOG Resources, Inc.SOLE | COM | 202.07K | SH | $25.91M 3.81% | 202.07K | 0.00 | 0.00 |
Williams Companies, Inc.SOLE | COM | 365.35K | SH | $21.83M 3.21% | 365.35K | 0.00 | 0.00 |
Hess CorporationSOLE | COM | 136.59K | SH | $21.82M 3.21% | 136.59K | 0.00 | 0.00 |
Baker Hughes CompanySOLE | COM | 418.10K | SH | $18.38M 2.70% | 418.10K | 0.00 | 0.00 |
Kinder Morgan, Inc.SOLE | COM | 636.19K | SH | $18.15M 2.67% | 636.19K | 0.00 | 0.00 |
ONEOK, Inc.SOLE | COM | 178K | SH | $17.66M 2.60% | 178K | 0.00 | 0.00 |
Targa Resources Corp.SOLE | COM | 83.30K | SH | $16.70M 2.46% | 83.30K | 0.00 | 0.00 |
Phillips 66SOLE | COM | 134.57K | SH | $16.62M 2.44% | 134.57K | 0.00 | 0.00 |
Schlumberger N.V.SOLE | COM | 373.73K | SH | $15.62M 2.30% | 373.73K | 0.00 | 0.00 |
Marathon Petroleum CorporationSOLE | COM | 105.61K | SH | $15.39M 2.26% | 105.61K | 0.00 | 0.00 |
Sherwin-Williams CompanySOLE | COM | 38.80K | SH | $13.55M 1.99% | 38.80K | 0.00 | 0.00 |
Ecolab Inc.SOLE | COM | 48.40K | SH | $12.27M 1.80% | 48.40K | 0.00 | 0.00 |
Expand Energy CorporationSOLE | COM | 110.10K | SH | $12.26M 1.80% | 110.10K | 0.00 | 0.00 |
Coterra Energy Inc.SOLE | COM | 361.30K | SH | $10.44M 1.54% | 361.30K | 0.00 | 0.00 |
Valero Energy CorporationSOLE | COM | 78.30K | SH | $10.34M 1.52% | 78.30K | 0.00 | 0.00 |
Diamondback Energy, Inc.SOLE | COM | 55.20K | SH | $8.83M 1.30% | 55.20K | 0.00 | 0.00 |
Freeport-McMoRan, Inc.SOLE | COM | 224.30K | SH | $8.49M 1.25% | 224.30K | 0.00 | 0.00 |
Occidental Petroleum CorporationSOLE | COM | 148.35K | SH | $7.32M 1.08% | 148.35K | 0.00 | 0.00 |
Texas Pacific Land CorporationSOLE | COM | 5.45K | SH | $7.22M 1.06% | 5.45K | 0.00 | 0.00 |
Vulcan Materials CompanySOLE | COM | 27.30K | SH | $6.37M 0.94% | 27.30K | 0.00 | 0.00 |
Air Products and Chemicals, Inc.SOLE | COM | 21.20K | SH | $6.25M 0.92% | 21.20K | 0.00 | 0.00 |
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