Latest ADAMS NATURAL RESOURCES FUND, INC. Stock Portfolio

ADAMS NATURAL RESOURCES FUND, INC. Performance:

2026 Q1: 30.41%YTD: 30.41%2025: 6.34%

Performance for 2026 Q1 is 30.41%, and YTD is 30.41%, and 2025 is 6.34%.

About ADAMS NATURAL RESOURCES FUND, INC. and 13F Hedge Fund Stock Holdings

On 2026-04-22, the fund reported it's updated stock portfolio. In the 13F Holdings report, ADAMS NATURAL RESOURCES FUND, INC. reported an equity portfolio of $862.6 Millions as of 31 Mar, 2026.

The top stock holdings of ADAMS NATURAL RESOURCES FUND, INC. are XOM, CVX, COP. The fund has invested 26.2% of it's portfolio in EXXON MOBIL CORPORATION and 14.7% of portfolio in CHEVRON CORPORATION.

The fund managers got completely rid off CANADIAN NATURAL RESOURCES LIMITED (CNQ) and AMCOR PLC (AMCR) stocks. They significantly reduced their stock positions in BAKER HUGHES COMPANY (BKR), KINDER MORGAN, INC. (KMI) and ECOLAB INC. (ECL). ADAMS NATURAL RESOURCES FUND, INC. opened new stock positions in AMCOR PLC (AMCR). The fund showed a lot of confidence in some stocks as they added substantially to PACKAGING CORPORATION OF AMERICA (PKG), SLB LTD. (SLB) and TARGA RESOURCES CORP. (TRGP).

ADAMS NATURAL RESOURCES FUND, INC. Annual Return Estimates Vs S&P 500

Our best estimate is that ADAMS NATURAL RESOURCES FUND, INC. made a return of 30.41% in the last quarter. In trailing 12 months, it's portfolio return was 28.38%.

Performance
S&P 500

New Buys

Ticker	$ Bought
amcor plc	1,386,480

New stocks bought by ADAMS NATURAL RESOURCES FUND, INC.

Additions

Ticker	% Inc.
packaging corporation of america	71.62
slb ltd.	64.26
targa resources corp.	33.29
halliburton company	25.33
devon energy corporation	24.47
valero energy corporation	8.08
williams companies, inc.	5.03
exxon mobil corporation	1.25

Additions to existing portfolio by ADAMS NATURAL RESOURCES FUND, INC.

Reductions

Ticker	% Reduced
baker hughes company	-40.06
kinder morgan, inc.	-37.12
ecolab inc.	-25.94
technipfmc plc	-22.61
oneok, inc.	-14.89
eqt corporation	-14.74
occidental petroleum corporation	-12.96
marathon petroleum corporation	-8.21

ADAMS NATURAL RESOURCES FUND, INC. reduced stake in above stock

Sold off

Ticker	$ Sold
canadian natural resources limited	-1,733,120
amcor plc	-1,454,500

ADAMS NATURAL RESOURCES FUND, INC. got rid off the above stocks

Sector Distribution

ADAMS NATURAL RESOURCES FUND, INC. has about 82.2% of it's holdings in Energy sector.

Sector	%
Energy	82.2
Basic Materials	13.9
Others	2.6
Consumer Cyclical	1.2

Market Cap. Distribution

ADAMS NATURAL RESOURCES FUND, INC. has about 96.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	52.4
MEGA-CAP	44.1
UNALLOCATED	2.6

Stocks belong to which Index?

About 96.1% of the stocks held by ADAMS NATURAL RESOURCES FUND, INC. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	96.1
Others	3.9

Top 5 Winners (%)		%
LYB	lyondellbasell industries n.v.	86.0 %
DOW	dow, inc.	78.1 %
APA	apa corporation	73.5 %
CF	cf industries holdings, inc.	67.9 %
TPL	texas pacific land corporation	65.2 %

Top 5 Winners ($)		$
XOM	exxon mobil corporation	65.4 M
CVX	chevron corporation	33.7 M
COP	conocophillips	14.5 M
PSX	phillips 66	8.3 M
VLO	valero energy corporation	7.7 M

Top 5 Losers (%)		%
EOSE	eos energy enterprises, inc.	-56.7 %
CRH	crh public limited company	-15.8 %
IP	international paper company	-9.4 %
MLM	martin marietta materials, inc.	-5.5 %
AVY	avery dennison corporation	-5.1 %

Top 5 Losers ($)		$
CRH	crh public limited company	-1.3 M
EOSE	eos energy enterprises, inc.	-0.4 M
VMC	vulcan materials company	-0.4 M
MLM	martin marietta materials, inc.	-0.2 M
IP	international paper company	-0.2 M

ADAMS NATURAL RESOURCES FUND, INC. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of ADAMS NATURAL RESOURCES FUND, INC.

ADAMS NATURAL RESOURCES FUND, INC. has 54 stocks in it's portfolio. About 68.1% of the portfolio is in top 10 stocks. CRH proved to be the most loss making stock for the portfolio. XOM was the most profitable stock for ADAMS NATURAL RESOURCES FUND, INC. last quarter.

Last Reported on: 22 Apr, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ALB	albemarle corporation	0.15	7,200	1,292,620	unchanged	0.00

AMCR	amcor plc	0.16	34,880	1,386,480	new

AMCR	amcor plc	0.00	0.00	0.00	sold off	-100

APA	apa corporation	0.28	56,000	2,376,640	unchanged	0.00

APD	air products and chemicals, inc.	0.61	18,100	5,257,870	unchanged	0.00

AVY	avery dennison corporation	0.11	5,400	932,472	unchanged	0.00

BALL	ball corporation	0.11	16,300	963,493	unchanged	0.00

BKR	baker hughes company	1.60	225,900	13,791,200	reduced	-40.06

CCJ	cameco corporation	0.23	18,000	1,954,980	unchanged	0.00

CCK	crown holdings, inc.	0.34	29,600	2,967,400	unchanged	0.00

CF	cf industries holdings, inc.	0.70	46,569	6,046,520	unchanged	0.00

CHK	expand energy corporation	0.59	46,400	5,093,790	unchanged	0.00

CHRD	chord energy corporation	0.00	225	31,991	unchanged	0.00

CNQ	canadian natural resources limited	0.00	0.00	0.00	sold off	-100

COP	conocophillips	5.77	377,203	49,790,800	unchanged	0.00

CRH	crh public limited company	0.78	64,000	6,727,680	unchanged	0.00

CTRA	coterra energy inc.	0.49	120,800	4,244,910	unchanged	0.00

CTVA	corteva inc.	0.56	57,945	4,850,580	unchanged	0.00

CVE	cenovus energy inc.	0.65	209,900	5,568,650	reduced	-7.98

CVX	chevron corporation	14.74	614,724	127,186,000	reduced	-1.44