Latest ADAMS NATURAL RESOURCES FUND, INC. Stock Portfolio

ADAMS NATURAL RESOURCES FUND, INC. Performance:

2025 Q4: -0.26%YTD: 6.34%2024: 2.26%

Performance for 2025 Q4 is -0.26%, and YTD is 6.34%, and 2024 is 2.26%.

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

On 2026-02-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, ADAMS NATURAL RESOURCES FUND, INC. reported an equity portfolio of $659.4 Millions as of 31 Dec, 2025.

The top stock holdings of ADAMS NATURAL RESOURCES FUND, INC. are XOM, CVX, COP. The fund has invested 24.1% of it's portfolio in EXXON MOBIL CORPORATION and 14.4% of portfolio in CHEVRON CORPORATION.

The fund managers got completely rid off CHENIERE ENERGY, INC. (LNG), OVINTIV INC. (OVV) and EASTMAN CHEMICAL COMPANY (EMN) stocks. They significantly reduced their stock positions in DUPONT DE NEMOURS, INC. (DD), CANADIAN NATURAL RESOURCES LIMITED (CNQ) and CORTEVA INC. (CTVA). ADAMS NATURAL RESOURCES FUND, INC. opened new stock positions in CRH PUBLIC LIMITED COMPANY (CRH), CAMECO CORPORATION (CCJ) and EOS ENERGY ENTERPRISES, INC. (EOSE). The fund showed a lot of confidence in some stocks as they added substantially to TEXAS PACIFIC LAND CORPORATION (TPL), DIAMONDBACK ENERGY, INC. (FANG) and HALLIBURTON COMPANY (HAL).

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 -0.26% in the last quarter. In trailing 12 months, it's portfolio return was 6.34%.

Performance
S&P 500

New Buys

Ticker	$ Bought
crh public limited company	7,987,200
cameco corporation	1,646,820
eos energy enterprises, inc.	717,396

New stocks bought by ADAMS NATURAL RESOURCES FUND, INC.

Additions

Ticker	% Inc.
texas pacific land corporation	159
diamondback energy, inc.	123
halliburton company	73.76
targa resources corp.	66.83
williams companies, inc.	24.43
eqt corporation	19.09
freeport-mcmoran, inc.	4.95
vulcan materials company	4.14

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

Reductions

Ticker	% Reduced
dupont de nemours, inc.	-58.16
canadian natural resources limited	-47.22
corteva inc.	-36.98
ball corporation	-30.04
lyondellbasell industries n.v.	-24.27
occidental petroleum corporation	-23.88
marathon petroleum corporation	-17.69
dow, inc.	-17.2

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

Sold off

Ticker	$ Sold
ovintiv inc.	-2,939,660
cheniere energy, inc.	-4,135,650
eastman chemical company	-529,620

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

Sector Distribution

ADAMS NATURAL RESOURCES FUND, INC. has about 78.7% of it's holdings in Energy sector.

Sector	%
Energy	78.7
Basic Materials	16.7
Others	3.1
Consumer Cyclical	1.4

Market Cap. Distribution

ADAMS NATURAL RESOURCES FUND, INC. has about 95.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	53.7
MEGA-CAP	41.9
UNALLOCATED	3.1

Stocks belong to which Index?

About 95.1% of the stocks held by ADAMS NATURAL RESOURCES FUND, INC. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	95.1
Others	4.8

Top 5 Winners (%)		%
ALB	albemarle corporation	74.4 %
FCX	freeport-mcmoran, inc.	28.6 %
STLD	steel dynamics, inc.	21.5 %
NUE	nucor corporation	20.1 %
NEM	newmont corporation	18.2 %

Top 5 Winners ($)		$
XOM	exxon mobil corporation	9.9 M
FCX	freeport-mcmoran, inc.	2.6 M
NEM	newmont corporation	2.0 M
NUE	nucor corporation	1.5 M
SLB	slb ltd.	1.4 M

Top 5 Losers (%)		%
TPL	texas pacific land corporation	-60.9 %
MOS	mosaic company	-30.5 %
IP	international paper company	-15.1 %
MPC	marathon petroleum corporation	-14.2 %
CF	cf industries holdings, inc.	-13.1 %

Top 5 Losers ($)		$
TPL	texas pacific land corporation	-6.0 M
MPC	marathon petroleum corporation	-3.1 M
LIN	linde plc	-2.8 M
CVX	chevron corporation	-1.8 M
OXY	occidental petroleum corporation	-1.4 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 55 stocks in it's portfolio. About 64.3% of the portfolio is in top 10 stocks. TPL 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: 13 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ALB	albemarle corporation	0.15	7,200	1,018,370	unchanged	0.00

AMCR	amcor plc	0.22	34,880	1,454,500	reduced	-11.2

APA	apa corporation	0.21	56,000	1,369,760	unchanged	0.00

APD	air products and chemicals, inc.	0.68	18,100	4,471,060	reduced	-12.14

AVY	avery dennison corporation	0.15	5,400	982,152	unchanged	0.00

BALL	ball corporation	0.13	16,300	863,411	reduced	-30.04

BKR	baker hughes company	2.60	376,900	17,164,000	unchanged	0.00

CCJ	cameco corporation	0.25	18,000	1,646,820	new

CCK	crown holdings, inc.	0.46	29,600	3,047,910	reduced	-8.64

CF	cf industries holdings, inc.	0.55	46,569	3,601,650	reduced	-9.7

CHK	expand energy corporation	0.78	46,400	5,120,700	unchanged	0.00

CHRD	chord energy corporation	0.00	225	20,857	unchanged	0.00

CNQ	canadian natural resources limited	0.26	51,200	1,733,120	reduced	-47.22

COP	conocophillips	5.36	377,203	35,310,000	reduced	-15.67

CRH	crh public limited company	1.21	64,000	7,987,200	new

CTRA	coterra energy inc.	0.48	120,800	3,179,460	unchanged	0.00

CTVA	corteva inc.	0.59	57,945	3,884,050	reduced	-36.98

CVE	cenovus energy inc.	0.58	228,100	3,859,450	unchanged	0.00

CVX	chevron corporation	14.42	623,724	95,061,800	reduced	-1.42

DD	dupont de nemours, inc.	0.48	78,626	3,160,760	reduced	-58.16