ADAMS NATURAL RESOURCES FUND, INC.

BALTIMORE, MD · CIK 216851 · 13F filing filed 2026-07-22

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityADAMS NATURAL RESOURCES FUND, INC. (US)

Others nearbyBaltimore, MD

$762.9m reported value -11.6% vs Q1 2026

51positions

67.0%in top 10

2 new 8 added 18 reduced 5 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	EXXONMOBIL HOLDINGS CORP COM SHS STOCK XOM	XOM	1,346,355	$184.1m24.13%	24.13%	New
2	CHEVRON CORP NEW COM CVX	CVX	586,624	$97.2m12.75%	12.75%	Reduced -28.1k	-28,100 -4.6%
3	CONOCOPHILLIPS COM COP	COP	444,303	$46.2m6.05%	6.05%	Added +67.1k	+67,100 17.8%
4	WILLIAMS COS INC COM WMB	WMB	425,250	$31.6m4.14%	4.14%	Reduced -32.2k	-32,200 -7.0%
5	VALERO ENERGY CORP COM VLO	VLO	113,700	$29.6m3.88%	3.88%	Added +18.7k	+18,700 19.7%
6	LINDE PLC SHS LIN	LIN	53,700	$27.9m3.65%	3.65%	Unchanged
7	SCHLUMBERGER LTD COM STK SLB	SLB	547,633	$25.5m3.34%	3.34%	Reduced -5.0k	-5,000 -0.9%
8	TARGA RES CORP COM TRGP	TRGP	91,600	$24.6m3.22%	3.22%	Reduced -900	-900 -1.0%
9	PHILLIPS 66 COM PSX	PSX	141,475	$23.9m3.13%	3.13%	Reduced -14.0k	-14,000 -9.0%
10	MARATHON PETE CORP COM MPC	MPC	79,912	$20.4m2.68%	2.68%	Reduced -5.1k	-5,100 -6.0%
11	EOG RES INC COM EOG	EOG	140,067	$18.2m2.38%	2.38%	Reduced -1.3k	-1,300 -0.9%
12	OCCIDENTAL PETE CORP COM OXY	OXY	306,551	$14.9m1.95%	1.95%	Added +140.6k	+140,600 84.7%
13	DIAMONDBACK ENERGY INC COM FANG	FANG	83,800	$14.7m1.93%	1.93%	Added +9.6k	+9,600 12.9%
14	FREEPORT-MCMORAN INC CL B FCX	FCX	233,200	$14.7m1.92%	1.92%	Unchanged
15	KINDER MORGAN INC DEL COM KMI	KMI	429,392	$13.7m1.80%	1.80%	Reduced -3.9k	-3,900 -0.9%
16	BAKER HUGHES COMPANY CL A BKR	BKR	223,800	$12.4m1.63%	1.63%	Reduced -2.1k	-2,100 -0.9%
17	ONEOK INC NEW COM OKE	OKE	140,500	$12.2m1.60%	1.60%	Reduced -1.3k	-1,300 -0.9%
18	HALLIBURTON CO COM HAL	HAL	353,053	$12.0m1.57%	1.57%	Added +8.2k	+8,200 2.4%
19	SHERWIN WILLIAMS CO COM SHW	SHW	33,700	$11.6m1.52%	1.52%	Added +9.6k	+9,600 39.8%
20	NEWMONT CORP COM NEM	NEM	120,100	$11.2m1.47%	1.47%	Reduced -8.3k	-8,300 -6.5%
21	DEVON ENERGY CORP NEW COM DVN	DVN	261,760	$10.8m1.42%	1.42%	Reduced -110.6k	-110,640 -29.7%
22	NUCOR CORP COM NUE	NUE	43,100	$9.6m1.26%	1.26%	Reduced -8.9k	-8,900 -17.1%
23	ECOLAB INC COM ECL	ECL	31,400	$8.7m1.15%	1.15%	Unchanged
24	VULCAN MATLS CO COM VMC	VMC	27,700	$8.2m1.07%	1.07%	Unchanged
25	EQT CORP COM EQT	EQT	153,000	$8.1m1.07%	1.07%	Reduced -70.9k	-70,900 -31.7%
26	EXPAND ENERGY CORPORATION COM EXE	EXE	88,500	$8.1m1.06%	1.06%	Added +42.1k	+42,100 90.7%
27	CRH PLC ORD CRH	CRH	57,400	$6.1m0.81%	0.81%	Reduced -6.6k	-6,600 -10.3%
28	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	13,350	$5.8m0.77%	0.77%	Unchanged
29	AIR PRODS & CHEMS INC COM APD	APD	18,100	$5.3m0.70%	0.70%	Unchanged
30	INTERNATIONAL FLAVORS&FRAGRA COM IFF	IFF	66,506	$5.3m0.69%	0.69%	Added +46.3k	+46,300 229.1%
31	CORTEVA INC COM CTVA	CTVA	57,945	$4.9m0.64%	0.64%	Unchanged
32	CF INDS HLDGS INC COM CF	CF	42,669	$4.6m0.61%	0.61%	Reduced -3.9k	-3,900 -8.4%
33	DUPONT DE NEMOURS INC COMMON STOCK DD	DD	31,642	$4.3m0.56%	0.56%	New
34	TECHNIPFMC PLC COM FTI	FTI	48,600	$3.2m0.42%	0.42%	Unchanged
35	MARTIN MARIETTA MATLS INC COM MLM	MLM	4,500	$2.6m0.34%	0.34%	Reduced -900	-900 -16.7%
36	STEEL DYNAMICS INC COM STLD	STLD	11,026	$2.5m0.33%	0.33%	Unchanged
37	PPG INDS INC COM PPG	PPG	18,100	$2.2m0.29%	0.29%	Unchanged
38	SMURFIT WESTROCK PLC SHS SW	SW	41,300	$1.9m0.25%	0.25%	Unchanged
39	CAMECO CORP COM CCJ	CCJ	18,000	$1.8m0.24%	0.24%	Unchanged
40	APA CORPORATION COM APA	APA	56,000	$1.8m0.24%	0.24%	Unchanged
41	INTERNATIONAL PAPER CO COM IP	IP	40,900	$1.6m0.20%	0.20%	Unchanged
42	AMCOR PLC COM NEW AMCR	AMCR	34,880	$1.5m0.20%	0.20%	Unchanged
43	DOW INC COM DOW	DOW	52,945	$1.4m0.19%	0.19%	Unchanged
44	PACKAGING CORP AMER COM PKG	PKG	5,300	$1.3m0.17%	0.17%	Reduced -7.4k	-7,400 -58.3%
45	BALL CORP COM BALL	BALL	16,300	$1.0m0.13%	0.13%	Unchanged
46	ALBEMARLE CORP COM ALB	ALB	7,200	$972.2k0.13%	0.13%	Unchanged
47	AVERY DENNISON CORP COM AVY	AVY	5,400	$876.7k0.11%	0.11%	Unchanged
48	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	15,600	$821.3k0.11%	0.11%	Unchanged
49	MOSAIC CO NEW COM MOS	MOS	21,201	$449.2k0.06%	0.06%	Unchanged
50	EOS ENERGY ENTERPRISES INC COM CL A EOSE	EOSE	62,600	$368.1k0.05%	0.05%	Unchanged
51	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	225	$25.7k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EXXON MOBIL CORP XOM	XOM	1,334,555	$226.4m1.3m shares
CENOVUS ENERGY INC CVE	CVE	209,900	$5.6m209.9k shares
COTERRA ENERGY INC CTRA	CTRA	120,800	$4.2m120.8k shares
DUPONT DE NEMOURS INC DWDP	DWDP	26,209	$3.6m26.2k shares
CROWN HLDGS INC CCK	CCK	29,600	$3.0m29.6k shares