How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to ADAMS NATURAL RESOURCES FUND

13F Portfolio OverlapQ2 2026ADAMS NATURAL RESOURCES FUND portfolio →

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Most similar hedge funds by 13F overlap

ADAMS NATURAL RESOURCES FUND, INC. is an institutional investor managing $763M across 51 U.S. equity positions as of Q2 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to ADAMS NATURAL RESOURCES FUND are Recurrent Investment Advisors, Merewether Investment, Drummond Knight Asset Pty Ltd, with shared positions in $WMB, $TRGP, $PSX, $KMI, $OKE, $MPC. The full ranking of 25 similar funds is below.

#1Recurrent Investment Advisors LLCActive

Notable overlap · 10 shared positions

$WMB $TRGP $PSX $KMI $OKE $MPC

$1.6B

71 positions

#2Merewether Investment Management, LPActive

Notable overlap · 9 shared positions

$PSX $WMB $TRGP $HAL $DVN $MPC

$5.3B

81 positions

#3Drummond Knight Asset Management Pty LtdActive

Notable overlap · 9 shared positions

$LIN $SLB $FANG $FCX $DVN $ECL

$545M

16 positions

#4Advisory Resource GroupPassive

Notable overlap · 4 shared positions

$COP $PSX $VLO $BKR

$665M

183 positions

#5Oceanic Investment Management LTDActive

Notable overlap · 7 shared positions

$SLB $VLO $MPC $BKR $HAL $EXE

$78M

26 positions

#6SPIRIT OF AMERICA MANAGEMENT CORP/NYPassive

Notable overlap · 9 shared positions

$VLO $WMB $MPC $TRGP $PSX $KMI

$530M

308 positions

#7SCP Investment, LPActive

Notable overlap · 12 shared positions

$FANG $HAL $SLB $PSX $TRGP $EOG

$108M

47 positions

#8MONTGOMERY INVESTMENT MANAGEMENT INCActive

Notable overlap · 7 shared positions

$COP $VLO $PSX $FANG $FCX $CF

$330M

108 positions

#9KAYNE ANDERSON CAPITAL ADVISORS LPActive

Notable overlap · 6 shared positions

$WMB $TRGP $KMI $OKE $MPC $OXY

$5.1B

53 positions

#10Turas Capital Management LPPassive

Notable overlap · 8 shared positions

$COP $FANG $BKR $ECL $FCX $HAL

$218M

59 positions

#11CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Notable overlap · 5 shared positions

$WMB $TRGP $KMI $OKE $EQT

$2.2B

73 positions

#12Mosaic Advisors LLCActive

Notable overlap · 3 shared positions

$COP $WMB $SHW

$75M

35 positions

#13Disciplined Investments, LLCPassive

Notable overlap · 4 shared positions

$COP $PSX $OKE $WMB

$310M

144 positions

#14CHICKASAW CAPITAL MANAGEMENT LLCSmart money

Notable overlap · 5 shared positions

$WMB $TRGP $PSX $OKE $KMI

$2.8B

97 positions

#15TORTOISE CAPITAL ADVISORS, L.L.C.Active

Notable overlap · 7 shared positions

$WMB $TRGP $OKE $KMI $VLO $MPC

$9.8B

91 positions

#16SL ADVISORS, LLCActive

Notable overlap · 5 shared positions

$WMB $TRGP $KMI $OKE $ECL

$57M

32 positions

#17MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADVPassive

Notable overlap · 6 shared positions

$PSX $COP $WMB $HAL $EXE $CCJ

$112M

100 positions

#18Corigliano Investment Advisers, LLC

Notable overlap · 8 shared positions

$WMB $PSX $FANG $KMI $BKR $EOG

$256M

37 positions

#19RR Advisors, LLCActive

Notable overlap · 5 shared positions

$WMB $TRGP $KMI $EQT $EXE

$346M

25 positions

#20SIR Capital Management, L.P.Active

Notable overlap · 7 shared positions

$VLO $TRGP $FCX $DVN $EXE $HAL

$870M

79 positions

#21Fractal Investments LLCActive

Notable overlap · 7 shared positions

$WMB $TRGP $KMI $OKE $NEM $CF

$867M

80 positions

#22Cambridge Financial Group, Inc.Active

Notable overlap · 4 shared positions

$WMB $VLO $TRGP $OKE

$287M

33 positions

#23Sagefield Capital LPPassive

Notable overlap · 10 shared positions

$COP $VLO $WMB $EXE $FANG $PSX

$1.3B

107 positions

#24Capital Innovations LLCPassive

Notable overlap · 5 shared positions

$WMB $SLB $HAL $EQT $OKE

$385M

51 positions

#25Addis & Hill, IncSmart money

Notable overlap · 4 shared positions

$WMB $TRGP $KMI $OKE

$181M

29 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.