Filed: 10/21/2026ACC: 0001104659-26-117772
📋 What this filing means
ADAMS NATURAL RESOURCES FUND, INC. filed this quarterly 13F‑HR report disclosing 50 equity positions with a total reported market value of $857.45M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
50
Positions
$857.45M
Total AUM (reported)
7.23M
Total Shares
Allocation by class
COM$857.45M100.0%
Portfolio Concentration
Top 3$393.62M45.9%
4–10$209.69M24.5%
11–25$186.17M21.7%
Rest$67.97M7.9%
Top 3 weight
45.9%
Top 10 weight
70.4%
Voting Authority Distribution
Total shares with voting rights: 7.23M
Sole
Full voting authority
7.23M
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)
Sole50
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings50
Rows:
Exxon Mobil Corporation
SOLEShares1.33M
TypeSH
Market value$217.17M
25.33%
Sole
1.33M
Shared
0.00
None
0.00
Chevron Corporation
SOLEShares594.22K
TypeSH
Market value$121.35M
14.15%
Sole
594.22K
Shared
0.00
None
0.00
ConocoPhillips
SOLEShares440.30K
TypeSH
Market value$55.10M
6.43%
Sole
440.30K
Shared
0.00
None
0.00
Valero Energy Corporation
SOLEShares104.60K
TypeSH
Market value$40.54M
4.73%
Sole
104.60K
Shared
0.00
None
0.00
Phillips 66
SOLEShares134.88K
TypeSH
Market value$34.43M
4.02%
Sole
134.88K
Shared
0.00
None
0.00
Marathon Petroleum Corporation
SOLEShares75.51K
TypeSH
Market value$29.86M
3.48%
Sole
75.51K
Shared
0.00
None
0.00
Williams Companies, Inc.
SOLEShares421.45K
TypeSH
Market value$28.65M
3.34%
Sole
421.45K
Shared
0.00
None
0.00
SLB Ltd.
SOLEShares542.73K
TypeSH
Market value$26.44M
3.08%
Sole
542.73K
Shared
0.00
None
0.00
Linde plc
SOLEShares53.20K
TypeSH
Market value$25.25M
2.94%
Sole
53.20K
Shared
0.00
None
0.00
Targa Resources Corp.
SOLEShares90.70K
TypeSH
Market value$24.52M
2.86%
Sole
90.70K
Shared
0.00
None
0.00
EOG Resources, Inc.
SOLEShares140.07K
TypeSH
Market value$19.30M
2.25%
Sole
140.07K
Shared
0.00
None
0.00
Occidental Petroleum Corporation
SOLEShares303.75K
TypeSH
Market value$16.80M
1.96%
Sole
303.75K
Shared
0.00
None
0.00
Freeport-McMoRan, Inc.
SOLEShares231.10K
TypeSH
Market value$16.18M
1.89%
Sole
231.10K
Shared
0.00
None
0.00
Diamondback Energy, Inc.
SOLEShares83K
TypeSH
Market value$15.26M
1.78%
Sole
83K
Shared
0.00
None
0.00
Newmont Corporation
SOLEShares119K
TypeSH
Market value$13.73M
1.60%
Sole
119K
Shared
0.00
None
0.00
Kinder Morgan, Inc.
SOLEShares429.39K
TypeSH
Market value$12.95M
1.51%
Sole
429.39K
Shared
0.00
None
0.00
Baker Hughes Company
SOLEShares221.80K
TypeSH
Market value$12.18M
1.42%
Sole
221.80K
Shared
0.00
None
0.00
ONEOK, Inc.
SOLEShares140.50K
TypeSH
Market value$11.98M
1.40%
Sole
140.50K
Shared
0.00
None
0.00
Devon Energy Corporation
SOLEShares259.36K
TypeSH
Market value$11.94M
1.39%
Sole
259.36K
Shared
0.00
None
0.00
Air Products and Chemicals, Inc.
SOLEShares41.40K
TypeSH
Market value$11.52M
1.34%
Sole
41.40K
Shared
0.00
None
0.00
Halliburton Company
SOLEShares349.85K
TypeSH
Market value$11.13M
1.30%
Sole
349.85K
Shared
0.00
None
0.00
Nucor Corporation
SOLEShares42.70K
TypeSH
Market value$9.98M
1.16%
Sole
42.70K
Shared
0.00
None
0.00
Vulcan Materials Company
SOLEShares34.20K
TypeSH
Market value$8.37M
0.98%
Sole
34.20K
Shared
0.00
None
0.00
Expand Energy Corporation
SOLEShares88.50K
TypeSH
Market value$7.44M
0.87%
Sole
88.50K
Shared
0.00
None
0.00
EQT Corporation
SOLEShares153K
TypeSH
Market value$7.43M
0.87%
Sole
153K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Exxon Mobil CorporationSOLE | COM | 1.33M | SH | $217.17M 25.33% | 1.33M | 0.00 | 0.00 |
Chevron CorporationSOLE | COM | 594.22K | SH | $121.35M 14.15% | 594.22K | 0.00 | 0.00 |
ConocoPhillipsSOLE | COM | 440.30K | SH | $55.10M 6.43% | 440.30K | 0.00 | 0.00 |
Valero Energy CorporationSOLE | COM | 104.60K | SH | $40.54M 4.73% | 104.60K | 0.00 | 0.00 |
Phillips 66SOLE | COM | 134.88K | SH | $34.43M 4.02% | 134.88K | 0.00 | 0.00 |
Marathon Petroleum CorporationSOLE | COM | 75.51K | SH | $29.86M 3.48% | 75.51K | 0.00 | 0.00 |
Williams Companies, Inc.SOLE | COM | 421.45K | SH | $28.65M 3.34% | 421.45K | 0.00 | 0.00 |
SLB Ltd.SOLE | COM | 542.73K | SH | $26.44M 3.08% | 542.73K | 0.00 | 0.00 |
Linde plcSOLE | COM | 53.20K | SH | $25.25M 2.94% | 53.20K | 0.00 | 0.00 |
Targa Resources Corp.SOLE | COM | 90.70K | SH | $24.52M 2.86% | 90.70K | 0.00 | 0.00 |
EOG Resources, Inc.SOLE | COM | 140.07K | SH | $19.30M 2.25% | 140.07K | 0.00 | 0.00 |
Occidental Petroleum CorporationSOLE | COM | 303.75K | SH | $16.80M 1.96% | 303.75K | 0.00 | 0.00 |
Freeport-McMoRan, Inc.SOLE | COM | 231.10K | SH | $16.18M 1.89% | 231.10K | 0.00 | 0.00 |
Diamondback Energy, Inc.SOLE | COM | 83K | SH | $15.26M 1.78% | 83K | 0.00 | 0.00 |
Newmont CorporationSOLE | COM | 119K | SH | $13.73M 1.60% | 119K | 0.00 | 0.00 |
Kinder Morgan, Inc.SOLE | COM | 429.39K | SH | $12.95M 1.51% | 429.39K | 0.00 | 0.00 |
Baker Hughes CompanySOLE | COM | 221.80K | SH | $12.18M 1.42% | 221.80K | 0.00 | 0.00 |
ONEOK, Inc.SOLE | COM | 140.50K | SH | $11.98M 1.40% | 140.50K | 0.00 | 0.00 |
Devon Energy CorporationSOLE | COM | 259.36K | SH | $11.94M 1.39% | 259.36K | 0.00 | 0.00 |
Air Products and Chemicals, Inc.SOLE | COM | 41.40K | SH | $11.52M 1.34% | 41.40K | 0.00 | 0.00 |
Halliburton CompanySOLE | COM | 349.85K | SH | $11.13M 1.30% | 349.85K | 0.00 | 0.00 |
Nucor CorporationSOLE | COM | 42.70K | SH | $9.98M 1.16% | 42.70K | 0.00 | 0.00 |
Vulcan Materials CompanySOLE | COM | 34.20K | SH | $8.37M 0.98% | 34.20K | 0.00 | 0.00 |
Expand Energy CorporationSOLE | COM | 88.50K | SH | $7.44M 0.87% | 88.50K | 0.00 | 0.00 |
EQT CorporationSOLE | COM | 153K | SH | $7.43M 0.87% | 153K | 0.00 | 0.00 |
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