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Adams Natural Resources Fund, Inc.

CIK 216851 · latest 13F filed 21 October 2026 · Read the filing on EDGAR

Adams Natural Resources Fund, Inc. reported 50 US-listed holdings worth $857.4 million in its 13F for the quarter ended 30 September 2026, filed 21 October 2026. Its largest: ExxonMobil Holdings Corp. (25.3%), Chevron Corp. (14.2%) and ConocoPhillips (6.4%). Against the quarter before, it opened 2 positions, added to 5, trimmed 19 and sold out of 3.

Reported holdings$857.4M+12.4% on Q2 2026
Positions50-1 on Q2 2026
The largest ten70.4%of its reported holdings
Latest 13FQ3 2026filed 21 October 2026
Where the money is
Added toHeldTrimmed
XOM25.3%CVX14.2%COP6.4%VLO4.7%PSX4.0%MPC3.5%WMB3.3%SLB3.1%LIN2.9%TRGP2.9%EOG2.3%OXY2.0%FCX1.9%FANG36 more21.8%

The 14 largest of its 50 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2026.

Reported holdings, quarter by quarter
Q3 2024: $675.3 million in 56 positions$675MQ3 24Q4 2024: $632.9 million in 55 positions$633MQ4 24Q1 2025: $679.8 million in 52 positions$680MQ1 25Q2 2025: $631.2 million in 54 positions$631MQ2 25Q3 2025: $659.1 million in 55 positions$659MQ3 25Q4 2025: $659.4 million in 55 positions$659MQ4 25Q1 2026: $862.6 million in 54 positions$863MQ1 26Q2 2026: $762.9 million in 51 positions$763MQ2 26Q3 2026: $857.4 million in 50 positions$857MQ3 26

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What its reported holdings returned

Held through each quarter, the holdings it reported returned +35.5% over the 8 quarters to 30 September 2026, against +32.9% for the S&P 500.

Its reported holdingsThe S&P 500
90105120135Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26Q3 26Its holdings +35.5%S&P 500 +32.9%

Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.

What it did on the quarter

Opened 2Added 5Held 24Trimmed 19Sold out 3
Opened: 2Added: 5Held: 24Trimmed: 19Sold out: 3

Its positions against its 13F for the quarter to 30 June 2026; a change under 0.1% of a position counts as held

Opened 2

  1. ONEOK Inc. OKE$12.0 million
  2. Cheniere Energy Inc. LNG$4.2 million

Added to 5

  1. Air Products & Chemicals, Inc. APD+23,300 shares · +129%
  2. Ball Corp. BALL+59,000 shares · +362%
  3. Vulcan Materials Co. VMC+6,500 shares · +23%
  4. Chevron Corp. CVX+7,600 shares · +1%
  5. International Flavors & Fragrances Inc. IFF+6,100 shares · +9%

Trimmed 19

  1. Sherwin Williams Co. SHW-14,300 shares · -42%
  2. Valero Energy Corp. VLO-9,100 shares · -8%
  3. Ecolab Inc. ECL-9,500 shares · -30%
  4. ExxonMobil Holdings Corp. XOM-12,000 shares · -1%
  5. Marathon Petroleum Corp. MPC-4,400 shares · -6%
  6. Phillips 66 PSX-6,600 shares · -5%
  7. ConocoPhillips COP-4,000 shares · -1%
  8. Williams Companies, Inc. WMB-3,800 shares · -1%

and 11 more in the table below

Sold out of 3

  1. ONEOK Inc. OKE$12.2 million last quarter
  2. DuPont de Nemours, Inc. DD$4.3 million last quarter
  3. Cameco Corp. CCJ$1.8 million last quarter

What it holds

CompanySharesValueOf its bookChange in shares
ExxonMobil Holdings Corp. XOM1.3M$217.2 million25.33%-12.0K
Chevron Corp. CVX594.2K$121.3 million14.15%+7.6K
ConocoPhillips COP440.3K$55.1 million6.43%-4.0K
Valero Energy Corp. VLO104.6K$40.5 million4.73%-9.1K
Phillips 66 PSX134.9K$34.4 million4.02%-6.6K
Marathon Petroleum Corp. MPC75.5K$29.9 million3.48%-4.4K
Williams Companies, Inc. WMB421.4K$28.6 million3.34%-3.8K
SLB Limited SLB542.7K$26.4 million3.08%-4.9K
Linde plc LIN53.2K$25.3 million2.94%-500
Targa Resources Corp. TRGP90.7K$24.5 million2.86%-900
EOG Resources Inc. EOG140.1K$19.3 million2.25%no change
Occidental Petroleum Corp. OXY303.8K$16.8 million1.96%-2.8K
Freeport-McMoRan Inc. FCX231.1K$16.2 million1.89%-2.1K
Diamondback Energy, Inc. FANG83.0K$15.3 million1.78%-800
Newmont Corp. NEM119.0K$13.7 million1.60%-1.1K
Kinder Morgan, Inc. KMI429.4K$12.9 million1.51%no change
Baker Hughes Co. BKR221.8K$12.2 million1.42%-2.0K
ONEOK Inc. OKE140.5K$12.0 million1.40%new
Devon Energy Corp. DVN259.4K$11.9 million1.39%-2.4K
Air Products & Chemicals, Inc. APD41.4K$11.5 million1.34%+23.3K
Halliburton Co. HAL349.9K$11.1 million1.30%-3.2K
Nucor Corp. NUE42.7K$10.0 million1.16%-400
Vulcan Materials Co. VMC34.2K$8.4 million0.98%+6.5K
Expand Energy Corp. EXE88.5K$7.4 million0.87%no change
EQT Corp. EQT153.0K$7.4 million0.87%no change
Sherwin Williams Co. SHW19.4K$6.3 million0.73%-14.3K
International Flavors & Fragrances Inc. IFF72.6K$6.1 million0.71%+6.1K
Ecolab Inc. ECL21.9K$6.0 million0.70%-9.5K
CF Industries Holdings, Inc. CF42.7K$4.9 million0.57%no change
CRH Public Ltd. Co. CRH57.4K$4.8 million0.55%no change
Corteva, Inc. CTVA57.9K$4.5 million0.52%no change
Texas Pacific Land Corp. TPL13.3K$4.3 million0.51%no change
Ball Corp. BALL75.3K$4.2 million0.49%+59.0K
Cheniere Energy Inc. LNG15.6K$4.2 million0.49%new
TechnipFMC plc FTI48.6K$3.3 million0.38%no change
Steel Dynamics Inc. STLD11.0K$2.4 million0.28%no change
APA Corp. APA56.0K$2.3 million0.27%no change
Martin Marietta Materials Inc. MLM4.5K$2.2 million0.25%no change
PPG Industries Inc. PPG18.1K$1.9 million0.22%no change
Smurfit Westrock plc SW41.3K$1.8 million0.21%no change
Amcor plc AMCR34.9K$1.5 million0.17%no change
Dow Inc. DOW52.9K$1.5 million0.17%no change
International Paper Co. IP40.9K$1.4 million0.16%no change
Packaging Corp. of America PKG5.3K$1.2 million0.14%no change
Avery Dennison Corp. AVY5.4K$921,6180.11%no change
LyondellBasell Industries N.V. LYB15.6K$896,5320.10%no change
Albemarle Corp. ALB7.2K$761,6160.09%no change
Mosaic Co. MOS21.2K$459,0020.05%no change
Eos Energy Enterprises Inc. EOSE62.6K$191,8690.02%no change
Chord Energy Corp. CHRD225$30,1660.00%no change
Every US-listed position in the fund's 13F for the quarter ended 30 September 2026, by the value it reported.
Read moreChange is shares against its 13F for the quarter before; the 3 it sold out of are in the box above.