Filed: 7/30/2025ACC: 0001104659-25-072135
📋 What this filing means
ADAMS NATURAL RESOURCES FUND, INC. filed this quarterly 13F‑HR report disclosing 54 equity positions with a total reported market value of $631.17M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
54
Positions
$631.17M
Total AUM (reported)
7.46M
Total Shares
Allocation by class
COM$631.17M100.0%
Portfolio Concentration
Top 3$250.94M39.8%
4–10$148.95M23.6%
11–25$158.27M25.1%
Rest$73.02M11.6%
Top 3 weight
39.8%
Top 10 weight
63.4%
Voting Authority Distribution
Total shares with voting rights: 7.46M
Sole
Full voting authority
7.46M
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)
Sole54
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings54
Rows:
Exxon Mobil Corporation
SOLEShares1.34M
TypeSH
Market value$144.16M
22.84%
Sole
1.34M
Shared
0.00
None
0.00
Chevron Corporation
SOLEShares510.77K
TypeSH
Market value$73.14M
11.59%
Sole
510.77K
Shared
0.00
None
0.00
ConocoPhillips
SOLEShares374.90K
TypeSH
Market value$33.64M
5.33%
Sole
374.90K
Shared
0.00
None
0.00
Linde plc
SOLEShares63.60K
TypeSH
Market value$29.84M
4.73%
Sole
63.60K
Shared
0.00
None
0.00
EOG Resources, Inc.
SOLEShares199.07K
TypeSH
Market value$23.81M
3.77%
Sole
199.07K
Shared
0.00
None
0.00
Williams Companies, Inc.
SOLEShares365.35K
TypeSH
Market value$22.95M
3.64%
Sole
365.35K
Shared
0.00
None
0.00
Kinder Morgan, Inc.
SOLEShares636.19K
TypeSH
Market value$18.70M
2.96%
Sole
636.19K
Shared
0.00
None
0.00
Hess Corporation
SOLEShares134.59K
TypeSH
Market value$18.65M
2.95%
Sole
134.59K
Shared
0.00
None
0.00
Phillips 66
SOLEShares148.18K
TypeSH
Market value$17.68M
2.80%
Sole
148.18K
Shared
0.00
None
0.00
Marathon Petroleum Corporation
SOLEShares104.31K
TypeSH
Market value$17.33M
2.75%
Sole
104.31K
Shared
0.00
None
0.00
Targa Resources Corp.
SOLEShares83.30K
TypeSH
Market value$14.50M
2.30%
Sole
83.30K
Shared
0.00
None
0.00
Baker Hughes Company
SOLEShares376.90K
TypeSH
Market value$14.45M
2.29%
Sole
376.90K
Shared
0.00
None
0.00
ONEOK, Inc.
SOLEShares174K
TypeSH
Market value$14.20M
2.25%
Sole
174K
Shared
0.00
None
0.00
Sherwin-Williams Company
SOLEShares38.30K
TypeSH
Market value$13.15M
2.08%
Sole
38.30K
Shared
0.00
None
0.00
Expand Energy Corporation
SOLEShares108.70K
TypeSH
Market value$12.71M
2.01%
Sole
108.70K
Shared
0.00
None
0.00
Schlumberger N.V.
SOLEShares369.23K
TypeSH
Market value$12.48M
1.98%
Sole
369.23K
Shared
0.00
None
0.00
Ecolab Inc.
SOLEShares45K
TypeSH
Market value$12.12M
1.92%
Sole
45K
Shared
0.00
None
0.00
Freeport-McMoRan, Inc.
SOLEShares248.40K
TypeSH
Market value$10.77M
1.71%
Sole
248.40K
Shared
0.00
None
0.00
Valero Energy Corporation
SOLEShares78.30K
TypeSH
Market value$10.53M
1.67%
Sole
78.30K
Shared
0.00
None
0.00
Devon Energy Corporation
SOLEShares302.80K
TypeSH
Market value$9.63M
1.53%
Sole
302.80K
Shared
0.00
None
0.00
Newmont Corporation
SOLEShares126.80K
TypeSH
Market value$7.39M
1.17%
Sole
126.80K
Shared
0.00
None
0.00
Vulcan Materials Company
SOLEShares26.90K
TypeSH
Market value$7.02M
1.11%
Sole
26.90K
Shared
0.00
None
0.00
Corteva Inc.
SOLEShares91.94K
TypeSH
Market value$6.85M
1.09%
Sole
91.94K
Shared
0.00
None
0.00
EQT Corporation
SOLEShares111.90K
TypeSH
Market value$6.53M
1.03%
Sole
111.90K
Shared
0.00
None
0.00
Coterra Energy Inc.
SOLEShares233.90K
TypeSH
Market value$5.94M
0.94%
Sole
233.90K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Exxon Mobil CorporationSOLE | COM | 1.34M | SH | $144.16M 22.84% | 1.34M | 0.00 | 0.00 |
Chevron CorporationSOLE | COM | 510.77K | SH | $73.14M 11.59% | 510.77K | 0.00 | 0.00 |
ConocoPhillipsSOLE | COM | 374.90K | SH | $33.64M 5.33% | 374.90K | 0.00 | 0.00 |
Linde plcSOLE | COM | 63.60K | SH | $29.84M 4.73% | 63.60K | 0.00 | 0.00 |
EOG Resources, Inc.SOLE | COM | 199.07K | SH | $23.81M 3.77% | 199.07K | 0.00 | 0.00 |
Williams Companies, Inc.SOLE | COM | 365.35K | SH | $22.95M 3.64% | 365.35K | 0.00 | 0.00 |
Kinder Morgan, Inc.SOLE | COM | 636.19K | SH | $18.70M 2.96% | 636.19K | 0.00 | 0.00 |
Hess CorporationSOLE | COM | 134.59K | SH | $18.65M 2.95% | 134.59K | 0.00 | 0.00 |
Phillips 66SOLE | COM | 148.18K | SH | $17.68M 2.80% | 148.18K | 0.00 | 0.00 |
Marathon Petroleum CorporationSOLE | COM | 104.31K | SH | $17.33M 2.75% | 104.31K | 0.00 | 0.00 |
Targa Resources Corp.SOLE | COM | 83.30K | SH | $14.50M 2.30% | 83.30K | 0.00 | 0.00 |
Baker Hughes CompanySOLE | COM | 376.90K | SH | $14.45M 2.29% | 376.90K | 0.00 | 0.00 |
ONEOK, Inc.SOLE | COM | 174K | SH | $14.20M 2.25% | 174K | 0.00 | 0.00 |
Sherwin-Williams CompanySOLE | COM | 38.30K | SH | $13.15M 2.08% | 38.30K | 0.00 | 0.00 |
Expand Energy CorporationSOLE | COM | 108.70K | SH | $12.71M 2.01% | 108.70K | 0.00 | 0.00 |
Schlumberger N.V.SOLE | COM | 369.23K | SH | $12.48M 1.98% | 369.23K | 0.00 | 0.00 |
Ecolab Inc.SOLE | COM | 45K | SH | $12.12M 1.92% | 45K | 0.00 | 0.00 |
Freeport-McMoRan, Inc.SOLE | COM | 248.40K | SH | $10.77M 1.71% | 248.40K | 0.00 | 0.00 |
Valero Energy CorporationSOLE | COM | 78.30K | SH | $10.53M 1.67% | 78.30K | 0.00 | 0.00 |
Devon Energy CorporationSOLE | COM | 302.80K | SH | $9.63M 1.53% | 302.80K | 0.00 | 0.00 |
Newmont CorporationSOLE | COM | 126.80K | SH | $7.39M 1.17% | 126.80K | 0.00 | 0.00 |
Vulcan Materials CompanySOLE | COM | 26.90K | SH | $7.02M 1.11% | 26.90K | 0.00 | 0.00 |
Corteva Inc.SOLE | COM | 91.94K | SH | $6.85M 1.09% | 91.94K | 0.00 | 0.00 |
EQT CorporationSOLE | COM | 111.90K | SH | $6.53M 1.03% | 111.90K | 0.00 | 0.00 |
Coterra Energy Inc.SOLE | COM | 233.90K | SH | $5.94M 0.94% | 233.90K | 0.00 | 0.00 |
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