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 OverlapQ1 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 $863M across 54 U.S. equity positions as of Q1 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, SIR ,, Advisory Resource Group, with shared positions in $WMB, $PSX, $TRGP, $MPC, $KMI, $OKE. The full ranking of 25 similar funds is below.

#1Recurrent Investment Advisors LLCActive

Notable overlap · 13 shared positions

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

$1.7B

67 positions

#2SIR Capital Management, L.P.Passive

Notable overlap · 11 shared positions

$PSX $DVN $KMI $FCX $HAL $OKE

$1.1B

88 positions

#3Advisory Resource GroupPassive

Notable overlap · 5 shared positions

$COP $PSX $VLO $BKR $OKE

$581M

172 positions

#4SCP Investment, LPPassive

Notable overlap · 11 shared positions

$COP $SLB $FANG $EQT $PSX $HAL

$90M

48 positions

#5Merewether Investment Management, LPActive

Notable overlap · 12 shared positions

$TRGP $WMB $MPC $COP $EQT $FCX

$5.2B

79 positions

#6CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Notable overlap · 7 shared positions

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

$2.0B

66 positions

#7SPIRIT OF AMERICA MANAGEMENT CORP/NYPassive

Notable overlap · 9 shared positions

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

$507M

306 positions

#8MONTGOMERY INVESTMENT MANAGEMENT INCActive

Notable overlap · 7 shared positions

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

$293M

103 positions

#9Robinson Value Management, Ltd.Passive

Notable overlap · 5 shared positions

$COP $DVN $SLB $EOG $NEM

$180M

73 positions

#10Turas Capital Management LPActive

Notable overlap · 8 shared positions

$COP $EOG $FANG $BKR $ECL $SLB

$392M

37 positions

#11MCINTYRE FREEDMAN & FLYNN INVESTMENT ADVISERS INCPassive

Notable overlap · 9 shared positions

$MPC $COP $SLB $EQT $NEM $OXY

$176M

81 positions

#12Corigliano Investment Advisers, LLCActive

Notable overlap · 9 shared positions

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

$256M

37 positions

#13CoreCommodity Management, LLCSmart money

Notable overlap · 9 shared positions

$EOG $COP $DVN $HAL $OXY $SLB

$538M

119 positions

#14MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADVPassive

Notable overlap · 5 shared positions

$COP $PSX $WMB $HAL $EXE

$115M

98 positions

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

Notable overlap · 7 shared positions

$WMB $TRGP $KMI $OKE $EQT $MPC

$9.6B

90 positions

#16Disciplined Investments, LLCPassive

Notable overlap · 4 shared positions

$COP $PSX $OKE $CTVA

$279M

141 positions

#17Cambridge Financial Group, Inc.Active

Notable overlap · 4 shared positions

$WMB $VLO $TRGP $OKE

$267M

33 positions

#18RR Advisors, LLCActive

Notable overlap · 5 shared positions

$WMB $TRGP $KMI $EQT $EXE

$360M

27 positions

#19KAYNE ANDERSON CAPITAL ADVISORS LPActive

Notable overlap · 5 shared positions

$WMB $TRGP $KMI $OKE $MPC

$5.2B

48 positions

#20Mosaic Advisors LLCPassive

Notable overlap · 3 shared positions

$COP $WMB $SHW

$67M

42 positions

#21SL ADVISORS, LLCActive

Notable overlap · 5 shared positions

$WMB $TRGP $KMI $OKE $ECL

$59M

32 positions

#22FOUNDATION RESOURCE MANAGEMENT INCActive

Notable overlap · 7 shared positions

$COP $NEM $FCX $PSX $DVN $CVE

$889M

55 positions

#23Fractal Investments LLCActive

Notable overlap · 7 shared positions

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

$845M

81 positions

#24Oceanic Investment Management LTDActive

Notable overlap · 7 shared positions

$SLB $BKR $HAL $NUE $VLO $MPC

$118M

43 positions

#25Cherokee Insurance CoPassive

Notable overlap · 6 shared positions

$MPC $COP $VLO $OKE $PSX $NUE

$263M

121 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.