ADAMS NATURAL RESOURCES FUND, INC.
Sector Allocation
- Energy83.3%$714.3M
- Materials15.0%$128.4M
- Consumer Staples0.5%$4.5M
- Financials0.5%$4.3M
- Industrials0.5%$4.2M
- Consumer Discretionary0.2%$1.5M
- Technology0.0%$191,869
AUM History
13fpro.ai/research/fund/adams-natural-resources-fund-inc-216851
Conviction and streaks
Concentrating · top 10 = 70.4%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
XOM.R34088
$217.2MCVX
$121.3MCOP
$55.1MVLO
$40.5MPSX
$34.4MMPC
$29.9MWMB
$28.6MSLB
$26.4MLIN
$25.3MTRGP
$24.5MEOG
$19.3MOXY
$16.8MFCX
$16.2MFANG
$15.3MNEM
$13.7MKMI
$12.9MBKR
$12.2MOKE
$12.0MDVN
$11.9MAPD
$11.5M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/adams-natural-resources-fund-inc-216851
ADAMS NATURAL RESOURCES FUND, INC. 13F holdings — Q3 2026
$857.4M portfolio (+12.4% QoQ) · 50 holdings · Q3 2026 13F · top 10 are 70% of the stock portfolio
$217.2M
25.3% of stocks
-0.9%This quarter—Since filed8+ qtrsHeld$121.3M
14.2% of stocks
+1%This quarter+2.3%Since filed6 qtrsHeld$55.1M
6.4% of stocks
-0.9%This quarter+3.9%Since filed8+ qtrsHeld$40.5M
4.7% of stocks
-8%This quarter-2.3%Since filed8+ qtrsHeld$34.4M
4.0% of stocks
-5%This quarter-0.4%Since filed8+ qtrsHeldAIQuality57.0#1,109Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$29.9M
3.5% of stocks
-6%This quarter+0.6%Since filed8+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$28.6M
3.3% of stocks
-0.9%This quarter-1.4%Since filed8+ qtrsHeld$26.4M
3.1% of stocks
-0.9%This quarter+3.9%Since filed8+ qtrsHeld$25.3M
2.9% of stocks
-0.9%This quarter+1.4%Since filed6 qtrsHeld$24.5M
2.9% of stocks
-1.0%This quarter+3.1%Since filed8+ qtrsHeld
All holdings — ADAMS NATURAL RESOURCES FUND, INC. (Q3 2026)
50 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | EOG RESOURCES INC | Energy | $19.3M | 2.3% | 140K | — | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | OCCIDENTAL PETROLEUM CORP /DE/ | Energy | $16.8M | 2.0% | 304K | -0.9% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | FREEPORT-MCMORAN INC | Materials | $16.2M | 1.9% | 231K | -0.9% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Diamondback Energy, Inc. | Energy | $15.3M | 1.8% | 83K | -1.0% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | NEWMONT Corp /DE/ | Materials | $13.7M | 1.6% | 119K | -0.9% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | KINDER MORGAN, INC. | Energy | $12.9M | 1.5% | 429K | — | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Baker Hughes Co | Energy | $12.2M | 1.4% | 222K | -0.9% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | ONEOK INC /NEW/ | Energy | $12.0M | 1.4% | 141K | — | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | DEVON ENERGY CORP/DE | Energy | $11.9M | 1.4% | 259K | -0.9% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Air Products & Chemicals, Inc. | Materials | $11.5M | 1.3% | 41K | +129% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | HALLIBURTON CO | Energy | $11.1M | 1.3% | 350K | -0.9% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | NUCOR CORP | Materials | $10.0M | 1.2% | 43K | -0.9% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Vulcan Materials CO | Materials | $8.4M | 1.0% | 34K | +23% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | EXPAND ENERGY Corp | Energy | $7.4M | 0.9% | 89K | — | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | EQT Corp | Energy | $7.4M | 0.9% | 153K | — | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $SHW | SHERWIN WILLIAMS CO | Materials | $6.3M | 0.7% | 19K | -42% | |||
| 27 | $IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Materials | $6.1M | 0.7% | 73K | +9% | |||
| 28 | $ECL | ECOLAB INC. | Materials | $6.0M | 0.7% | 22K | -30% | |||
| 29 | $CF | CF Industries Holdings, Inc. | Materials | $4.9M | 0.6% | 43K | — | |||
| 30 | $CRH | CRH PUBLIC LTD CO | Materials | $4.8M | 0.6% | 57K | — | |||
| 31 | $CTVA | Corteva, Inc. | Consumer Staples | $4.5M | 0.5% | 58K | — | |||
| 32 | $TPL | Texas Pacific Land Corp | Financials | $4.3M | 0.5% | 13K | — | |||
| 33 | $BALL | BALL Corp | Industrials | $4.2M | 0.5% | 75K | +362% | |||
| 34 | $LNG | Cheniere Energy, Inc. | Energy | $4.2M | 0.5% | 16K | New | |||
| 35 | $FTI | TechnipFMC plc | Energy | $3.3M | 0.4% | 49K | — | |||
| 36 | $STLD | STEEL DYNAMICS INC | Materials | $2.4M | 0.3% | 11K | — | |||
| 37 | $APA | APA Corp | Energy | $2.3M | 0.3% | 56K | — | |||
| 38 | $MLM | MARTIN MARIETTA MATERIALS INC | Materials | $2.2M | 0.3% | 4,500 | — | |||
| 39 | $PPG | PPG INDUSTRIES INC | Materials | $1.9M | 0.2% | 18K | — | |||
| 40 | $SW | Smurfit Westrock plc | Materials | $1.8M | 0.2% | 41K | — | |||
| 41 | $AMCR | Amcor plc | Consumer Discretionary | $1.5M | 0.2% | 35K | — | |||
| 42 | $DOW | DOW INC. | Materials | $1.5M | 0.2% | 53K | — | |||
| 43 | $IP | INTERNATIONAL PAPER CO /NEW/ | Materials | $1.4M | 0.2% | 41K | — | |||
| 44 | $PKG | PACKAGING CORP OF AMERICA | Materials | $1.2M | 0.1% | 5,300 | — | |||
| 45 | $AVY | Avery Dennison Corp | Materials | $922K | 0.1% | 5,400 | — | |||
| 46 | $LYB | LyondellBasell Industries N.V. | Materials | $897K | 0.1% | 16K | — | |||
| 47 | $ALB | ALBEMARLE CORP | Materials | $762K | 0.1% | 7,200 | — | |||
| 48 | $MOS | MOSAIC CO | Materials | $459K | 0.1% | 21K | — | |||
| 49 | $EOSE | Eos Energy Enterprises, Inc. | Technology | $192K | 0.0% | 63K | — | |||
| 50 | $CHRD | Chord Energy Corp | Energy | $30K | 0.0% | 225 | — |
What changed in Q3 2026
Against the previous quarter's 13F: 1 new, 5 added to, 19 trimmed, 2 sold out. Share-count changes; largest moves by dollar size first.
New positions (1)
$LNGCheniere Energy, Inc.$4.2M
first bought this quarter
Added to (5)
Trimmed (19)
$SHWSHERWIN WILLIAMS CO-42%
now $6.3M · held 8+ qtrs
now $40.5M · held 8+ qtrs
$ECLECOLAB INC.-30%
now $6.0M · held 8+ qtrs
now $217.2M · held 8+ qtrs
now $29.9M · held 8+ qtrs, 4 trims in a row
now $34.4M · held 8+ qtrs, 2 trims in a row
+13 more in the Excel export
Holdings by quarter
Every 13F ADAMS NATURAL RESOURCES FUND, INC. has filed, 42 earlier quarters. Pick one to see what it held then.
Is it too late to follow ADAMS NATURAL RESOURCES FUND?
Q3 2026 13F filed with the SEC on Oct 21, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of ADAMS NATURAL RESOURCES FUND's top 20 holdings: 62/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)
Top 10 since filing
+1.5%
Value-weighted move of the 10 largest stock positions
Turnover
2%
Last quarter; 16% over the last 4
Top 10 weight
70%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
100%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
ADAMS NATURAL RESOURCES FUND, INC. disclosed 50 positions worth $857.4M in its Form 13F-HR for Q3 2026, led by $XOM.R34088 (EXXON MOBIL CORP) at 25.3% of the equity portfolio, followed by $CVX and $COP. During the quarter the fund opened 1 new position and exited 2 — including a new stake in $LNG and a full exit from $DD. The portfolio is most concentrated in Energy (83.3% of disclosed assets). All figures are sourced directly from ADAMS NATURAL RESOURCES FUND, INC.’s Form 13F-HR filing with the SEC under CIK 216851.
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AI-Powered Hedge Fund Analysis: ADAMS NATURAL RESOURCES FUND, INC.
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