ADAMS NATURAL RESOURCES FUND, INC.
CIK 216851 · View on SEC EDGAR ↗
- Portfolio value
- $762.9M
- Positions
- 51
- As of
- June 30, 2026
#2,923 of 9,443 by 13F value · top 31.0%
Portfolio value QoQ: -11.6% 13F does not disclose cash
- Top 10 holdings weight
- 66.97%
- Top 25 holdings weight
- 90.71%
- Positions above 1%
- 26
- Effective number of positions
- 11.0
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 27.05% Est. buys $219,818,798 · sells $269,031,341
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 78.5% still held
- New positions
- 2
- Increased
- 8
- Decreased
- 18
- Closed
- 5
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +27.2% · S&P 500: +21.7%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 99.2% · Options excluded: 0.0%
Sector breakdown
Energy
57.3%
Materials
14.7%
Industrials
2.3%
Packaging
1.1%
Other/Unmapped
24.7%
Full portfolio 51 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| Unknown issuer (CUSIP: 30233Q108) | $184,073,656 | 24.13% | 1,346,355 | Up ×1 | |||
| CVX Chevron Corporation Common Stock | $97,238,794 | 12.75% | 586,624 | $-29,947,602 | Down ×3 | ||
| COP ConocoPhillips Common Stock | $46,189,740 | 6.05% | 444,303 | $-3,601,056 | Up ×1 | ||
| WMB Williams Companies, Inc. (The) Common Stock | $31,613,085 | 4.14% | 425,250 | $-1,680,126 | Down ×1 | ||
| VLO Valero Energy Corporation Common Stock | $29,612,028 | 3.88% | 113,700 | $6,139,428 | Up ×2 | ||
| LIN Linde plc - Ordinary Shares | $27,867,078 | 3.65% | 53,700 | $1,244,766 | |||
| SLB SLB Limited Common Shares | $25,459,458 | 3.34% | 547,633 | $-2,940,352 | Down ×1 | ||
| TRGP Targa Resources, Inc. Common Stock | $24,561,624 | 3.22% | 91,600 | $1,369,099 | Down ×1 | ||
| PSX Phillips 66 Common Stock | $23,916,349 | 3.13% | 141,475 | $-4,408,086 | Down ×1 | ||
| MPC Marathon Petroleum Corporation Common Stock | $20,431,101 | 2.68% | 79,912 | $-327,129 | Down ×3 | ||
| EOG EOG Resources, Inc. Common Stock | $18,170,892 | 2.38% | 140,067 | $-2,266,535 | Down ×1 | ||
| OXY Occidental Petroleum Corporation Common Stock | $14,889,182 | 1.95% | 306,551 | $4,102,367 | Up ×1 | ||
| FANG Diamondback Energy, Inc. - Common Stock | $14,730,364 | 1.93% | 83,800 | $54,346 | Up ×1 | ||
| FCX Freeport-McMoRan, Inc. Common Stock | $14,665,948 | 1.92% | 233,200 | $958,452 | |||
| KMI Kinder Morgan, Inc. Common Stock | $13,727,662 | 1.80% | 429,392 | $-800,619 | Down ×3 | ||
| BKR Baker Hughes Company - Common Stock | $12,420,900 | 1.63% | 223,800 | $-1,370,295 | Down ×2 | ||
| OKE ONEOK, Inc. Common Stock | $12,215,070 | 1.60% | 140,500 | $-602,232 | Down ×4 | ||
| HAL Halliburton Company Common Stock | $11,986,149 | 1.57% | 353,053 | $-1,459,669 | Up ×3 | ||
| SHW Sherwin-Williams Company (The) Common Stock | $11,603,584 | 1.52% | 33,700 | $3,878,329 | Up ×1 | ||
| NEM Newmont Corporation | $11,217,340 | 1.47% | 120,100 | $-2,681,960 | Down ×1 | ||
| DVN Devon Energy Corporation Common Stock | $10,815,923 | 1.42% | 261,760 | $-7,923,245 | Down ×1 | ||
| NUE Nucor Corporation Common Stock | $9,600,525 | 1.26% | 43,100 | $807,325 | Down ×1 | ||
| ECL Ecolab Inc. Common Stock | $8,748,354 | 1.15% | 31,400 | $395,326 | |||
| VMC Vulcan Materials Company (Holding Company) Common Stock | $8,171,777 | 1.07% | 27,700 | $629,067 | |||
| EQT EQT Corporation Common Stock | $8,135,010 | 1.07% | 153,000 | $-6,113,986 | Down ×2 | ||
| EXE Expand Energy Corporation - Common Stock | $8,070,315 | 1.06% | 88,500 | $2,976,523 | Up ×1 | ||
| CRH CRH PLC Ordinary Shares | $6,141,800 | 0.81% | 57,400 | $-585,880 | Down ×1 | ||
| TPL Texas Pacific Land Corporation Common Stock | $5,842,494 | 0.77% | 13,350 | $-492,882 | |||
| APD Air Products and Chemicals, Inc. Common Stock | $5,306,558 | 0.70% | 18,100 | $48,689 | |||
| IFF International Flavors & Fragrances, Inc. Common Stock | $5,268,605 | 0.69% | 66,506 | $3,802,660 | Up ×1 | ||
| CTVA Corteva, Inc. Common Stock | $4,907,362 | 0.64% | 57,945 | $56,786 | |||
| CF CF Industries Holdings, Inc. Common Stock | $4,619,346 | 0.61% | 42,669 | $-1,427,173 | Down ×1 | ||
| Unknown issuer (CUSIP: 26614N201) | $4,291,921 | 0.56% | 31,642 | Up ×1 | |||
| FTI TechnipFMC plc Ordinary Share | $3,222,180 | 0.42% | 48,600 | $-137,538 | |||
| MLM Martin Marietta Materials, Inc. Common Stock | $2,595,150 | 0.34% | 4,500 | $-583,722 | Down ×1 | ||
| STLD Steel Dynamics, Inc. - Common Stock | $2,530,026 | 0.33% | 11,026 | $545,346 | |||
| PPG PPG Industries, Inc. Common Stock | $2,195,349 | 0.29% | 18,100 | $260,821 | |||
| SW Smurfit WestRock plc Ordinary Shares | $1,910,538 | 0.25% | 41,300 | $264,733 | |||
| CCJ Cameco Corporation Common Stock | $1,833,480 | 0.24% | 18,000 | $-121,500 | |||
| APA APA Corporation - Common Stock | $1,823,920 | 0.24% | 56,000 | $-552,720 | |||
| IP International Paper Company Common Stock | $1,558,290 | 0.20% | 40,900 | $98,160 | |||
| AMCR Amcor plc Ordinary Shares | $1,512,048 | 0.20% | 34,880 | $125,568 | |||
| DOW Dow Inc. Common Stock | $1,448,575 | 0.19% | 52,945 | $-756,584 | |||
| PKG Packaging Corporation of America Common Stock | $1,262,884 | 0.17% | 5,300 | $-1,432,310 | Down ×1 | ||
| BALL Ball Corporation Common Stock | $1,017,120 | 0.13% | 16,300 | $53,627 | |||
| ALB Albemarle Corporation Common Stock | $972,216 | 0.13% | 7,200 | $-320,400 | |||
| AVY Avery Dennison Corporation Common Stock | $876,690 | 0.11% | 5,400 | $-55,782 | |||
| LYB LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) | $821,340 | 0.11% | 15,600 | $-435,396 | |||
| MOS Mosaic Company (The) Common Stock | $449,249 | 0.06% | 21,201 | $-91,377 | |||
| EOSE Eos Energy Enterprises, Inc. - Common Stock | $368,088 | 0.05% | 62,600 | $57,592 | |||
| CHRD Chord Energy Corporation - Common Stock | $25,718 | 0.00% | 225 | $-6,273 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| HAL | $11,986,149 | 1.57% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 30233Q108) | $184,073,656 | 1,346,355 | 24.13% |
| Unknown issuer (CUSIP: 26614N201) | $4,291,921 | 31,642 | 0.56% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| XOM | June 30, 2026 | 1,334,555 | $226,420,601 | 21.7% |
| ITRI | June 30, 2025 | 64,400 | $29,987,216 | -24.7% |
| HES | Sept. 30, 2025 | 134,589 | $18,645,960 | No longer tracked |
| VLO | March 31, 2025 | 81,200 | $9,954,308 | 162.0% |
| FMC | June 30, 2025 | 224,300 | $8,491,998 | -73.8% |
| VMC | March 31, 2025 | 25,400 | $6,533,642 | 17.1% |
| CVE | June 30, 2026 | 209,900 | $5,568,647 | 31.9% |
| CTRA | June 30, 2026 | 120,800 | $4,244,912 | No longer tracked |
| LNG | Dec. 31, 2025 | 17,600 | $4,135,648 | 43.8% |
| CE | June 30, 2025 | 52,269 | $4,084,822 | -15.1% |
| DD | June 30, 2026 | 78,626 | $3,601,071 | 3.3% |
| CCK | June 30, 2026 | 29,600 | $2,967,400 | 5.7% |
| OVV | Dec. 31, 2025 | 72,800 | $2,939,664 | 70.5% |
| CNQ | March 31, 2026 | 51,200 | $1,733,120 | 5.1% |
| EMN | Dec. 31, 2025 | 8,400 | $529,620 | 16.8% |
| CHRD | March 31, 2025 | 225 | $26,307 | 32.5% |