ADAMS NATURAL RESOURCES FUND, INC. (PEO) — Institutional Holders, Q2 2026
100 institutional investment managers reported a PEO position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $269.8M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
PEO in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- MORGAN STANLEYAdded · +175,415 sh+$4.3M
- PathstoneAdded · +85,644 sh+$2.1M
- ADAMS DIVERSIFIED EQUITY FUNDAdded · +51,546 sh+$1.3M
- Allspring Global InvestmentsAdded · +41,187 sh+$1.0M
- Aspire Capital AdvisorsNew · +40,764 sh+$1.0M
Biggest sellers
- Verition Fund ManagementTrimmed · -62,814 sh-$1.6M
- Navis Wealth AdvisorsSold out · -28,033 sh-$693.0K
- Kestra Advisory ServicesTrimmed · -19,827 sh-$490.1K
- MILLENNIUM MANAGEMENTTrimmed · -19,797 sh-$489.4K
- WOLVERINE ASSET MANAGEMENTTrimmed · -15,557 sh-$384.6K
PEO 13F holders ranked 1–100 of 100
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | ADAMS DIVERSIFIED EQUITY FUND#1 · 2,673,453 sh | 2,673,453 | $66.1M | — | +2.0% |
| 2 | Saba Capital Management, L.P.#2 · 2,269,294 sh | 2,269,294 | $56.1M | 1.44% | +0.3% |
| 3 | MORGAN STANLEY#3 · 1,449,627 sh | 1,449,627 | $35.8M | <0.01% | +13.8% |
| 4 | LAZARD ASSET MANAGEMENT#4 · 507,973 sh | 507,973 | $12.6M | 0.02% | +0.2% |
| 5 | ROYAL BANK OF CANADA#5 · 428,278 sh | 428,278 | $10.6M | <0.01% | +0.4% |
| 6 | RAYMOND JAMES FINANCIAL#6 · 241,498 sh | 241,498 | $6.0M | <0.01% | +0.9% |
| 7 | COHEN & STEERS#7 · 178,985 sh | 178,985 | $4.4M | <0.01% | -1.6% |
| 8 | Basepoint Wealth#8 · 162,138 sh | 162,138 | $4.0M | 2.29% | -2.3% |
| 9 | INTREPID FAMILY OFFICE#9 · 159,066 sh | 159,066 | $3.9M | 2.91% | +2.0% |
| 10 | Pathstone#10 · 158,447 sh | 158,447 | $3.9M | 0.01% | +117.6% |
| 11 | FCA#11 · 133,448 sh | 133,448 | $3.3M | 0.81% | +12.8% |
| 12 | BANK OF AMERICA#12 · 124,284 sh | 124,284 | $3.1M | <0.01% | 0.0% |
| 13 | LPL Financial#13 · 119,218 sh | 119,218 | $2.9M | <0.01% | +48.7% |
| 14 | CAPSTONE INVESTMENT ADVISORS#14 · 115,997 sh | 115,997 | $2.9M | <0.01% | +2.0% |
| 15 | BLUE BELL PRIVATE WEALTH MANAGEMENT#15 · 115,391 sh | 115,391 | $2.9M | 0.36% | +1.8% |
| 16 | Advisors Asset Management#16 · 111,116 sh | 111,116 | $2.7M | 0.04% | +8.9% |
| 17 | WHITENER CAPITAL MANAGEMENT#17 · 90,616 sh | 90,616 | $2.2M | — | +1.2% |
| 18 | NORTH STAR ASSET MANAGEMENT#18 · 87,849 sh | 87,849 | $2.2M | 0.09% | -0.2% |
| 19 | FIRST ADVISORS#19 · 77,469 sh | 77,469 | $1.9M | <0.01% | 0.0% |
| 20 | CSS#20 · 75,495 sh | 75,495 | $1.9M | 0.07% | +1.3% |
| 21 | D.A. DAVIDSON#21 · 75,136 sh | 75,136 | $1.9M | 0.01% | +0.3% |
| 22 | SPROTT#22 · 74,172 sh | 74,172 | $1.8M | 0.06% | -3.3% |
| 23 | UHLMANN PRICE SECURITIES#23 · 70,166 sh | 70,166 | $1.7M | 0.06% | +4.1% |
| 24 | Verition Fund Management#24 · 68,636 sh | 68,636 | $1.7M | <0.01% | -47.8% |
| 25 | WEALTH ENHANCEMENT ADVISORY SERVICES#25 · 61,894 sh | 61,894 | $1.6M | — | -5.7% |
| 26 | Allspring Global Investments#26 · 62,154 sh | 62,154 | $1.5M | <0.01% | +196.4% |
| 27 | Uncommon Cents Investing#27 · 61,469 sh | 61,469 | $1.5M | — | -0.1% |
| 28 | JONES FINANCIAL COMPANIES LLLP#28 · 58,137 sh | 58,137 | $1.4M | <0.01% | +18.3% |
| 29 | Cambridge Investment Research Advisors#29 · 55,821 sh | 55,821 | $1.4M | <0.01% | +57.4% |
| 30 | NATIONS FINANCIAL GROUP , /IA#30 · 50,562 sh | 50,562 | $1.2M | 0.06% | -1.4% |
| 31 | BURNEY#31 · 49,519 sh | 49,519 | $1.2M | — | +3.6% |
| 32 | WELLS FARGO & COMPANY#32 · 48,769 sh | 48,769 | $1.2M | <0.01% | +13.6% |
| 33 | STIFEL FINANCIAL#33 · 43,997 sh | 43,997 | $1.1M | <0.01% | +2.6% |
| 34 | PRINCIPAL SECURITIES#34 · 43,358 sh | 43,358 | $1.1M | 0.01% | +13.5% |
| 35 | Wealthcare Advisory Partners#35 · 42,179 sh | 42,179 | $1.0M | — | +6.4% |
| 36 | Aspire Capital Advisors#36 · 40,764 sh | 40,764 | $1.0M | 0.20% | New |
| 37 | St. James Investment Company#37 · 37,130 sh | 37,130 | $917.9K | 0.15% | -4.0% |
| 38 | ROBERTS GLORE#38 · 36,644 sh | 36,644 | $905.8K | 0.22% | +1.3% |
| 39 | Cetera Investment Advisers#39 · 33,391 sh | 33,391 | $825.4K | <0.01% | +12.5% |
| 40 | Calamos Advisors#40 · 32,307 sh | 32,307 | $798.6K | <0.01% | +7.1% |
| 41 | Walsh & Associates#41 · 31,472 sh | 31,472 | $778.0K | 0.64% | -11.3% |
| 42 | GUGGENHEIM CAPITAL#42 · 31,365 sh | 31,365 | $775.3K | <0.01% | +42.6% |
| 43 | Kovack Advisors#43 · 31,162 sh | 31,162 | $766.0K | 0.04% | +29.0% |
| 44 | HighTower Advisors#44 · 27,374 sh | 27,374 | $676.7K | <0.01% | -13.5% |
| 45 | UBS Group AG#45 · 27,220 sh | 27,220 | $672.9K | <0.01% | -0.2% |
| 46 | Baird Financial Group#46 · 26,713 sh | 26,713 | $660.3K | <0.01% | -0.8% |
| 47 | COMMONWEALTH EQUITY SERVICES#47 · 26,409 sh | 26,409 | $652.8K | <0.01% | -7.2% |
| 48 | EVOLVE PRIVATE WEALTH#48 · 24,734 sh | 24,734 | $611.4K | 0.04% | -4.2% |
| 49 | CULLEN INVESTMENT GROUP, LTD.#49 · 24,699 sh | 24,699 | $610.5K | — | +1.4% |
| 50 | OSAIC#50 · 22,717 sh | 22,717 | $561.8K | <0.01% | +23.9% |
| 51 | Logan Stone Capital#51 · 20,192 sh | 20,192 | $499.1K | 0.11% | New |
| 52 | WOLVERINE ASSET MANAGEMENT#52 · 18,748 sh | 18,748 | $463.5K | <0.01% | -45.3% |
| 53 | MILLENNIUM MANAGEMENT#53 · 18,648 sh | 18,648 | $461.0K | <0.01% | -51.5% |
| 54 | ALTA CAPITAL MANAGEMENT#54 · 16,000 sh | 16,000 | $395.5K | — | 0.0% |
| 55 | Man Group plc#55 · 15,437 sh | 15,437 | $381.6K | <0.01% | New |
| 56 | JANE STREET GROUP#56 · 15,193 sh | 15,193 | $375.6K | 0.00% | -24.5% |
| 57 | Kestra Advisory Services#57 · 14,972 sh | 14,972 | $370.1K | <0.01% | -57.0% |
| 58 | LEVEL FOUR ADVISORY SERVICES#58 · 13,940 sh | 13,940 | $344.6K | <0.01% | -34.1% |
| 59 | Concurrent Investment Advisors#59 · 13,755 sh | 13,755 | $340.0K | — | -4.5% |
| 60 | SeaCrest Wealth Management#60 · 12,600 sh | 12,600 | $311.5K | — | 0.0% |
| 61 | Moors & Cabot#61 · 11,683 sh | 11,683 | $288.8K | 0.01% | -16.9% |
| 62 | NorthRock Partners#62 · 11,528 sh | 11,528 | $285.0K | <0.01% | +1.5% |
| 63 | SEARLE#63 · 10,254 sh | 10,254 | $253.5K | 0.06% | +1.9% |
| 64 | JFS WEALTH ADVISORS#64 · 9,369 sh | 9,369 | $231.6K | 0.01% | 0.0% |
| 65 | XTX Topco Ltd#65 · 9,239 sh | 9,239 | $228.4K | <0.01% | +18.6% |
| 66 | NewEdge Advisors#66 · 9,041 sh | 9,041 | $223.5K | <0.01% | +4.0% |
| 67 | TWIN FOCUS CAPITAL PARTNERS#67 · 8,900 sh | 8,900 | $220.0K | 0.02% | New |
| 68 | Mariner#68 · 8,504 sh | 8,504 | $210.2K | <0.01% | New |
| 69 | MERCER GLOBAL ADVISORS#69 · 8,445 sh | 8,445 | $208.8K | <0.01% | New |
| 70 | CITADEL ADVISORS#70 · 8,422 sh | 8,422 | $208.2K | 0.00% | New |
| 71 | Quantedge Capital Pte Ltd#71 · 8,232 sh | 8,232 | $203.5K | 0.15% | New |
| 72 | CIBC Bancorp USA#72 · 8,091 sh | 8,091 | $200.0K | <0.01% | 0.0% |
| 73 | Farther Finance Advisors#73 · 5,385 sh | 5,385 | $133.1K | — | -10.0% |
| 74 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT#74 · 4,550 sh | 4,550 | $112.5K | <0.01% | +1.9% |
| 75 | Global Retirement Partners#75 · 3,941 sh | 3,941 | $97.4K | <0.01% | — |
| 76 | PNC FINANCIAL SERVICES GROUP#76 · 3,488 sh | 3,488 | $86.2K | 0.00% | +36.8% |
| 77 | JPMORGAN CHASE#77 · 3,428 sh | 3,428 | $84.5K | 0.00% | +0.6% |
| 78 | Institute for Wealth Management#78 · 2,465 sh | 2,465 | $60.9K | <0.01% | New |
| 79 | Geneos Wealth Management#79 · 1,882 sh | 1,882 | $46.5K | <0.01% | +0.3% |
| 80 | EverSource Wealth Advisors#80 · 1,873 sh | 1,873 | $46.3K | <0.01% | +1.0% |
| 81 | FIFTH THIRD BANCORP#81 · 1,773 sh | 1,773 | $43.8K | <0.01% | -22.7% |
| 82 | Hilltop National Bank#82 · 1,695 sh | 1,695 | $41.9K | — | 0.0% |
| 83 | Pinnacle Wealth Planning Services#83 · 1,365 sh | 1,365 | $33.7K | <0.01% | +32.4% |
| 84 | Parkside Financial Bank#84 · 1,364 sh | 1,364 | $33.7K | — | +100.0% |
| 85 | NBC SECURITIES#85 · 1,276 sh | 1,276 | $31.5K | — | +2.0% |
| 86 | LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP#86 · 1,108 sh | 1,108 | $27.4K | — | 0.0% |
| 87 | ZAZOVE ASSOCIATES#87 · 987 sh | 987 | $24.4K | <0.01% | +3.9% |
| 88 | BARRETT & COMPANY#88 · 800 sh | 800 | $19.8K | — | 0.0% |
| 89 | WPG Advisers#89 · 599 sh | 599 | $14.8K | <0.01% | +32.2% |
| 90 | HAGER INVESTMENT MANAGEMENT SERVICES#90 · 582 sh | 582 | $14.4K | <0.01% | New |
| 91 | Cape Investment Advisory#91 · 493 sh | 493 | $12.2K | — | New |
| 92 | Community Financial Services Group#92 · 400 sh | 400 | $9.8K | — | New |
| 93 | Union Bankshares#93 · 300 sh | 300 | $7.4K | <0.01% | 0.0% |
| 94 | Ancora Advisors#94 · 200 sh | 200 | $4.9K | <0.01% | 0.0% |
| 95 | AdvisorNet Financial#95 · 153 sh | 153 | $3.8K | — | New |
| 96 | Elevated Capital Advisors#96 · 140 sh | 140 | $3.4K | <0.01% | 0.0% |
| 97 | Mosley Wealth Management#97 · 89 sh | 89 | $2.2K | — | -4.3% |
| 98 | WHITTIER OF NEVADA#98 · 14 sh | 14 | $354.00 | 0.00% | 0.0% |
| 99 | Rockefeller Capital Management L.P.#99 · 12 sh | 12 | $297.00 | 0.00% | 0.0% |
| 100 | Integrated Wealth Concepts#100 · 2 sh | 2 | $50.00 | 0.00% | New |
Funds that sold out of PEO in Q2 2026 (12)
Held PEO at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| Navis Wealth Advisors28,033 sh | 28,033 | $779.3K |
| Focus Partners Wealth10,017 sh | 10,017 | $278.5K |
| Sovereign Financial Group9,209 sh | 9,209 | $256.0K |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP8,514 sh | 8,514 | $236.7K |
| Private Advisor Group7,820 sh | 7,820 | $217.4K |
| MERIDIAN INVESTMENT COUNSEL7,779 sh | 7,779 | $216.3K |
| Joel Isaacson7,620 sh | 7,620 | $211.8K |
| LexAurum Advisors7,619 sh | 7,619 | $211.8K |
| ALTFEST L J7,401 sh | 7,401 | $205.7K |
| Advisory Services Network1,091 sh | 1,091 | $30.3K |
| BlackRock170 sh | 170 | $4.7K |
| Root Financial Partners53 sh | 53 | $1.5K |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.