ADAMS NATURAL RESOURCES FUND, INC. — 13F Holdings & Portfolio
CIK 216851 · latest 13F-HR filed 2026-07-22
ADAMS NATURAL RESOURCES FUND, INC. manages $762.9M in 13F-reported U.S. long-equity assets across 51 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are XOM (24.13%), CVX (12.75%), COP (6.05%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions, exited 5, added to 16, and trimmed 25.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 1300
BALTIMORE, MD 21202
$762.9M
Long-equity book
51
Distinct positions
2026-06-30
Filed 2026-07-22
+2 / −5 / ↑16 / ↓25
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Valero Energy Corporation$6.1M +26.2%
- Occidental Petroleum Corporation$4.1M +38.0%
- Sherwin-Williams Company$3.9M +50.2%
- International Flavors & Fragrances Inc.$3.8M +259.4%
- Expand Energy Corporation$3.0M +58.4%
Top Trims
- Chevron Corporation-$29.9M -23.5%
- Devon Energy Corporation-$7.9M -42.3%
- EQT Corporation-$6.1M -42.9%
- Phillips 66-$4.4M -15.6%
- ConocoPhillips-$3.6M -7.2%
Exited Positions
- Exxon Mobil Corporation$226.4M
- Cenovus Energy Inc.$5.6M
- Coterra Energy Inc.$4.2M
- DuPont de Nemours, Inc.$3.6M
- Crown Holdings, Inc.$3.0M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Exxon Mobil Corporation | XOM | 30233Q108 | $184.1M | 24.13% | 1,346,355 | SH |
| 2 | Chevron Corporation | CVX | 166764100 | $97.2M | 12.75% | 586,624 | SH |
| 3 | ConocoPhillips | COP | 20825C104 | $46.2M | 6.05% | 444,303 | SH |
| 4 | Williams Companies, Inc. | WMB | 969457100 | $31.6M | 4.14% | 425,250 | SH |
| 5 | Valero Energy Corporation | VLO | 91913Y100 | $29.6M | 3.88% | 113,700 | SH |
| 6 | Linde plc | LIN | G54950103 | $27.9M | 3.65% | 53,700 | SH |
| 7 | SLB Ltd. | SLB | 806857108 | $25.5M | 3.34% | 547,633 | SH |
| 8 | Targa Resources Corp. | TRGP | 87612G101 | $24.6M | 3.22% | 91,600 | SH |
| 9 | Phillips 66 | PSX | 718546104 | $23.9M | 3.13% | 141,475 | SH |
| 10 | Marathon Petroleum Corporation | MPC | 56585A102 | $20.4M | 2.68% | 79,912 | SH |
| 11 | EOG Resources, Inc. | EOG | 26875P101 | $18.2M | 2.38% | 140,067 | SH |
| 12 | Occidental Petroleum Corporation | OXY | 674599105 | $14.9M | 1.95% | 306,551 | SH |
| 13 | Diamondback Energy, Inc. | FANG | 25278X109 | $14.7M | 1.93% | 83,800 | SH |
| 14 | Freeport-McMoRan, Inc. | FCX | 35671D857 | $14.7M | 1.92% | 233,200 | SH |
| 15 | Kinder Morgan, Inc. | KMI | 49456B101 | $13.7M | 1.80% | 429,392 | SH |
| 16 | Baker Hughes Company | BKR | 05722G100 | $12.4M | 1.63% | 223,800 | SH |
| 17 | ONEOK, Inc. | OKE | 682680103 | $12.2M | 1.60% | 140,500 | SH |
| 18 | Halliburton Company | HAL | 406216101 | $12.0M | 1.57% | 353,053 | SH |
| 19 | Sherwin-Williams Company | SHW | 824348106 | $11.6M | 1.52% | 33,700 | SH |
| 20 | Newmont Corporation | NEM | 651639106 | $11.2M | 1.47% | 120,100 | SH |
| 21 | Devon Energy Corporation | DVN | 25179M103 | $10.8M | 1.42% | 261,760 | SH |
| 22 | Nucor Corporation | NUE | 670346105 | $9.6M | 1.26% | 43,100 | SH |
| 23 | Ecolab Inc. | ECL | 278865100 | $8.7M | 1.15% | 31,400 | SH |
| 24 | Vulcan Materials Company | VMC | 929160109 | $8.2M | 1.07% | 27,700 | SH |
| 25 | EQT Corporation | EQT | 26884L109 | $8.1M | 1.07% | 153,000 | SH |
| 26 | Expand Energy Corporation | EXE | 165167735 | $8.1M | 1.06% | 88,500 | SH |
| 27 | CRH public limited company | CRH | G25508105 | $6.1M | 0.81% | 57,400 | SH |
| 28 | Texas Pacific Land Corporation | TPL | 88262P102 | $5.8M | 0.77% | 13,350 | SH |
| 29 | Air Products and Chemicals, Inc. | APD | 009158106 | $5.3M | 0.70% | 18,100 | SH |
| 30 | International Flavors & Fragrances Inc. | IFF | 459506101 | $5.3M | 0.69% | 66,506 | SH |
| 31 | Corteva Inc. | CTVA | 22052L104 | $4.9M | 0.64% | 57,945 | SH |
| 32 | CF Industries Holdings, Inc. | CF | 125269100 | $4.6M | 0.61% | 42,669 | SH |
| 33 | DuPont de Nemours, Inc. | DD | 26614N201 | $4.3M | 0.56% | 31,642 | SH |
| 34 | TechnipFMC plc | FTI | G87110105 | $3.2M | 0.42% | 48,600 | SH |
| 35 | Martin Marietta Materials, Inc. | MLM | 573284106 | $2.6M | 0.34% | 4,500 | SH |
| 36 | Steel Dynamics, Inc. | STLD | 858119100 | $2.5M | 0.33% | 11,026 | SH |
| 37 | PPG Industries, Inc. | PPG | 693506107 | $2.2M | 0.29% | 18,100 | SH |
| 38 | Smurfit Westrock plc | SW | G8267P108 | $1.9M | 0.25% | 41,300 | SH |
| 39 | Cameco Corporation | CCJ | 13321L108 | $1.8M | 0.24% | 18,000 | SH |
| 40 | APA Corporation | APA | 03743Q108 | $1.8M | 0.24% | 56,000 | SH |
| 41 | International Paper Company | IP | 460146103 | $1.6M | 0.20% | 40,900 | SH |
| 42 | Amcor plc | AMCR | G0250X149 | $1.5M | 0.20% | 34,880 | SH |
| 43 | Dow, Inc. | DOW | 260557103 | $1.4M | 0.19% | 52,945 | SH |
| 44 | Packaging Corporation of America | PKG | 695156109 | $1.3M | 0.17% | 5,300 | SH |
| 45 | Ball Corporation | BALL | 058498106 | $1.0M | 0.13% | 16,300 | SH |
| 46 | Albemarle Corporation | ALB | 012653101 | $972.2K | 0.13% | 7,200 | SH |
| 47 | Avery Dennison Corporation | AVY | 053611109 | $876.7K | 0.11% | 5,400 | SH |
| 48 | LyondellBasell Industries N.V. | LYB | N53745100 | $821.3K | 0.11% | 15,600 | SH |
| 49 | Mosaic Company | MOS | 61945C103 | $449.2K | 0.06% | 21,201 | SH |
| 50 | Eos Energy Enterprises, Inc. | EOSE | 29415C101 | $368.1K | 0.05% | 62,600 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-22 | $762.9M | 51 | 0001104659-26-085618 |
| 2026-03-31 | 2026-04-22 | $862.6M | 54 | 0001104659-26-046755 |
| 2025-12-31 | 2026-02-13 | $659.4M | 55 | 0001104659-26-014837 |