ADAMS NATURAL RESOURCES FUND, INC.

Est. AUM

$862.6M

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

View filings ↗

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	Exxon Mobil Corporation	COM	$226.4M	1334555	26.25%	SOLE
2	Chevron Corporation	COM	$127.2M	614724	14.74%	SOLE
3	ConocoPhillips	COM	$49.8M	377203	5.77%	SOLE
4	Williams Companies, Inc.	COM	$33.3M	457450	3.86%	SOLE
5	SLB Ltd.	COM	$28.4M	552633	3.29%	SOLE
6	Phillips 66	COM	$28.3M	155475	3.28%	SOLE
7	Linde plc	COM	$26.6M	53700	3.09%	SOLE
8	Valero Energy Corporation	COM	$23.5M	95000	2.72%	SOLE
9	Targa Resources Corp.	COM	$23.2M	92500	2.69%	SOLE
10	Marathon Petroleum Corporation	COM	$20.8M	85012	2.41%	SOLE
11	EOG Resources, Inc.	COM	$20.4M	141367	2.37%	SOLE
12	Devon Energy Corporation	COM	$18.7M	372400	2.17%	SOLE
13	Diamondback Energy, Inc.	COM	$14.7M	74200	1.70%	SOLE
14	Kinder Morgan, Inc.	COM	$14.5M	433292	1.68%	SOLE
15	EQT Corporation	COM	$14.2M	223900	1.65%	SOLE
16	Newmont Corporation	COM	$13.9M	128400	1.61%	SOLE
17	Baker Hughes Company	COM	$13.8M	225900	1.60%	SOLE
18	Freeport-McMoRan, Inc.	COM	$13.7M	233200	1.59%	SOLE
19	Halliburton Company	COM	$13.4M	344853	1.56%	SOLE
20	ONEOK, Inc.	COM	$12.8M	141800	1.49%	SOLE
21	Occidental Petroleum Corporation	COM	$10.8M	165951	1.25%	SOLE
22	Nucor Corporation	COM	$8.8M	52000	1.02%	SOLE
23	Ecolab Inc.	COM	$8.4M	31400	0.97%	SOLE
24	Sherwin-Williams Company	COM	$7.7M	24100	0.90%	SOLE
25	Vulcan Materials Company	COM	$7.5M	27700	0.87%	SOLE
26	CRH public limited company	COM	$6.7M	64000	0.78%	SOLE
27	Texas Pacific Land Corporation	COM	$6.3M	13350	0.73%	SOLE
28	CF Industries Holdings, Inc.	COM	$6.0M	46569	0.70%	SOLE
29	Cenovus Energy Inc.	COM	$5.6M	209900	0.65%	SOLE
30	Air Products and Chemicals, Inc.	COM	$5.3M	18100	0.61%	SOLE
31	Expand Energy Corporation	COM	$5.1M	46400	0.59%	SOLE
32	Corteva Inc.	COM	$4.9M	57945	0.56%	SOLE
33	Coterra Energy Inc.	COM	$4.2M	120800	0.49%	SOLE
34	DuPont de Nemours, Inc.	COM	$3.6M	78626	0.42%	SOLE
35	TechnipFMC plc	COM	$3.4M	48600	0.39%	SOLE
36	Martin Marietta Materials, Inc.	COM	$3.2M	5400	0.37%	SOLE
37	Crown Holdings, Inc.	COM	$3.0M	29600	0.34%	SOLE
38	Packaging Corporation of America	COM	$2.7M	12700	0.31%	SOLE
39	APA Corporation	COM	$2.4M	56000	0.28%	SOLE
40	Dow, Inc.	COM	$2.2M	52945	0.26%	SOLE
41	Steel Dynamics, Inc.	COM	$2.0M	11026	0.23%	SOLE
42	Cameco Corporation	COM	$2.0M	18000	0.23%	SOLE
43	PPG Industries, Inc.	COM	$1.9M	18100	0.22%	SOLE
44	Smurfit Westrock plc	COM	$1.6M	41300	0.19%	SOLE
45	International Flavors & Fragrances Inc.	COM	$1.5M	20206	0.17%	SOLE
46	International Paper Company	COM	$1.5M	40900	0.17%	SOLE
47	Amcor plc	COM	$1.4M	34880	0.16%	SOLE
48	Albemarle Corporation	COM	$1.3M	7200	0.15%	SOLE
49	LyondellBasell Industries N.V.	COM	$1.3M	15600	0.15%	SOLE
50	Ball Corporation	COM	$963K	16300	0.11%	SOLE

1–50 of 54

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Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.