Filed: 4/22/2026ACC: 0001104659-26-046755
📋 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 $862.62M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
54
Positions
$862.62M
Total AUM (reported)
7.61M
Total Shares
Allocation by class
COM$862.62M100.0%
Portfolio Concentration
Top 3$403.40M46.8%
4–10$184.06M21.3%
11–25$193.49M22.4%
Rest$81.67M9.5%
Top 3 weight
46.8%
Top 10 weight
68.1%
Voting Authority Distribution
Total shares with voting rights: 7.61M
Sole
Full voting authority
7.61M
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
SOLEShares1.33M
TypeSH
Market value$226.42M
26.25%
Sole
1.33M
Shared
0.00
None
0.00
Chevron Corporation
SOLEShares614.72K
TypeSH
Market value$127.19M
14.74%
Sole
614.72K
Shared
0.00
None
0.00
ConocoPhillips
SOLEShares377.20K
TypeSH
Market value$49.79M
5.77%
Sole
377.20K
Shared
0.00
None
0.00
Williams Companies, Inc.
SOLEShares457.45K
TypeSH
Market value$33.29M
3.86%
Sole
457.45K
Shared
0.00
None
0.00
SLB Ltd.
SOLEShares552.63K
TypeSH
Market value$28.40M
3.29%
Sole
552.63K
Shared
0.00
None
0.00
Phillips 66
SOLEShares155.47K
TypeSH
Market value$28.32M
3.28%
Sole
155.47K
Shared
0.00
None
0.00
Linde plc
SOLEShares53.70K
TypeSH
Market value$26.62M
3.09%
Sole
53.70K
Shared
0.00
None
0.00
Valero Energy Corporation
SOLEShares95K
TypeSH
Market value$23.47M
2.72%
Sole
95K
Shared
0.00
None
0.00
Targa Resources Corp.
SOLEShares92.50K
TypeSH
Market value$23.19M
2.69%
Sole
92.50K
Shared
0.00
None
0.00
Marathon Petroleum Corporation
SOLEShares85.01K
TypeSH
Market value$20.76M
2.41%
Sole
85.01K
Shared
0.00
None
0.00
EOG Resources, Inc.
SOLEShares141.37K
TypeSH
Market value$20.44M
2.37%
Sole
141.37K
Shared
0.00
None
0.00
Devon Energy Corporation
SOLEShares372.40K
TypeSH
Market value$18.74M
2.17%
Sole
372.40K
Shared
0.00
None
0.00
Diamondback Energy, Inc.
SOLEShares74.20K
TypeSH
Market value$14.68M
1.70%
Sole
74.20K
Shared
0.00
None
0.00
Kinder Morgan, Inc.
SOLEShares433.29K
TypeSH
Market value$14.53M
1.68%
Sole
433.29K
Shared
0.00
None
0.00
EQT Corporation
SOLEShares223.90K
TypeSH
Market value$14.25M
1.65%
Sole
223.90K
Shared
0.00
None
0.00
Newmont Corporation
SOLEShares128.40K
TypeSH
Market value$13.90M
1.61%
Sole
128.40K
Shared
0.00
None
0.00
Baker Hughes Company
SOLEShares225.90K
TypeSH
Market value$13.79M
1.60%
Sole
225.90K
Shared
0.00
None
0.00
Freeport-McMoRan, Inc.
SOLEShares233.20K
TypeSH
Market value$13.71M
1.59%
Sole
233.20K
Shared
0.00
None
0.00
Halliburton Company
SOLEShares344.85K
TypeSH
Market value$13.45M
1.56%
Sole
344.85K
Shared
0.00
None
0.00
ONEOK, Inc.
SOLEShares141.80K
TypeSH
Market value$12.82M
1.49%
Sole
141.80K
Shared
0.00
None
0.00
Occidental Petroleum Corporation
SOLEShares165.95K
TypeSH
Market value$10.79M
1.25%
Sole
165.95K
Shared
0.00
None
0.00
Nucor Corporation
SOLEShares52K
TypeSH
Market value$8.79M
1.02%
Sole
52K
Shared
0.00
None
0.00
Ecolab Inc.
SOLEShares31.40K
TypeSH
Market value$8.35M
0.97%
Sole
31.40K
Shared
0.00
None
0.00
Sherwin-Williams Company
SOLEShares24.10K
TypeSH
Market value$7.73M
0.90%
Sole
24.10K
Shared
0.00
None
0.00
Vulcan Materials Company
SOLEShares27.70K
TypeSH
Market value$7.54M
0.87%
Sole
27.70K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Exxon Mobil CorporationSOLE | COM | 1.33M | SH | $226.42M 26.25% | 1.33M | 0.00 | 0.00 |
Chevron CorporationSOLE | COM | 614.72K | SH | $127.19M 14.74% | 614.72K | 0.00 | 0.00 |
ConocoPhillipsSOLE | COM | 377.20K | SH | $49.79M 5.77% | 377.20K | 0.00 | 0.00 |
Williams Companies, Inc.SOLE | COM | 457.45K | SH | $33.29M 3.86% | 457.45K | 0.00 | 0.00 |
SLB Ltd.SOLE | COM | 552.63K | SH | $28.40M 3.29% | 552.63K | 0.00 | 0.00 |
Phillips 66SOLE | COM | 155.47K | SH | $28.32M 3.28% | 155.47K | 0.00 | 0.00 |
Linde plcSOLE | COM | 53.70K | SH | $26.62M 3.09% | 53.70K | 0.00 | 0.00 |
Valero Energy CorporationSOLE | COM | 95K | SH | $23.47M 2.72% | 95K | 0.00 | 0.00 |
Targa Resources Corp.SOLE | COM | 92.50K | SH | $23.19M 2.69% | 92.50K | 0.00 | 0.00 |
Marathon Petroleum CorporationSOLE | COM | 85.01K | SH | $20.76M 2.41% | 85.01K | 0.00 | 0.00 |
EOG Resources, Inc.SOLE | COM | 141.37K | SH | $20.44M 2.37% | 141.37K | 0.00 | 0.00 |
Devon Energy CorporationSOLE | COM | 372.40K | SH | $18.74M 2.17% | 372.40K | 0.00 | 0.00 |
Diamondback Energy, Inc.SOLE | COM | 74.20K | SH | $14.68M 1.70% | 74.20K | 0.00 | 0.00 |
Kinder Morgan, Inc.SOLE | COM | 433.29K | SH | $14.53M 1.68% | 433.29K | 0.00 | 0.00 |
EQT CorporationSOLE | COM | 223.90K | SH | $14.25M 1.65% | 223.90K | 0.00 | 0.00 |
Newmont CorporationSOLE | COM | 128.40K | SH | $13.90M 1.61% | 128.40K | 0.00 | 0.00 |
Baker Hughes CompanySOLE | COM | 225.90K | SH | $13.79M 1.60% | 225.90K | 0.00 | 0.00 |
Freeport-McMoRan, Inc.SOLE | COM | 233.20K | SH | $13.71M 1.59% | 233.20K | 0.00 | 0.00 |
Halliburton CompanySOLE | COM | 344.85K | SH | $13.45M 1.56% | 344.85K | 0.00 | 0.00 |
ONEOK, Inc.SOLE | COM | 141.80K | SH | $12.82M 1.49% | 141.80K | 0.00 | 0.00 |
Occidental Petroleum CorporationSOLE | COM | 165.95K | SH | $10.79M 1.25% | 165.95K | 0.00 | 0.00 |
Nucor CorporationSOLE | COM | 52K | SH | $8.79M 1.02% | 52K | 0.00 | 0.00 |
Ecolab Inc.SOLE | COM | 31.40K | SH | $8.35M 0.97% | 31.40K | 0.00 | 0.00 |
Sherwin-Williams CompanySOLE | COM | 24.10K | SH | $7.73M 0.90% | 24.10K | 0.00 | 0.00 |
Vulcan Materials CompanySOLE | COM | 27.70K | SH | $7.54M 0.87% | 27.70K | 0.00 | 0.00 |
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