ADAMS NATURAL RESOURCES FUND, INC.
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| EXXONMOBIL HOLDINGS CORP COM SHS | XOM | $184.1M | 1,346,355 | - | new | NEW | |
| CHEVRON CORPORATION | CVX | $97.2M | 586,624 | -2.00pp | 31q | -4.6%-$4.7M | |
| CONOCOPHILLIPS | COP | $46.2M | 444,303 | +0.28pp | 31q | +17.8%+$7.0M | |
| WILLIAMS COS INC | WMB | $31.6M | 425,250 | +0.28pp | 31q | -7.0%-$2.4M | |
| VALERO ENERGY CORP | VLO | $29.6M | 113,700 | +1.16pp | 5q | +19.7%+$4.9M | |
| LINDE PLC | LIN | $27.9M | 53,700 | +0.57pp | 14q | HELD | |
| SLB LIMITED | SLB | $25.5M | 547,633 | +0.04pp | 31q | -0.9%-$232.4K | |
| TARGA RES CORP | TRGP | $24.6M | 91,600 | +0.53pp | 15q | -1.0%-$241.3K | |
| PHILLIPS 66 | PSX | $23.9M | 141,475 | -0.15pp | 31q | -9.0%-$2.4M | |
| MARATHON PETE CORP | MPC | $20.4M | 79,912 | +0.27pp | 31q | -6.0%-$1.3M | |
| EOG RES INC | EOG | $18.2M | 140,067 | +0.01pp | 31q | -0.9%-$168.6K | |
| OCCIDENTAL PETE CORP | OXY | $14.9M | 306,551 | +0.70pp | 31q | +84.7%+$6.8M | |
| DIAMONDBACK ENERGY INC | FANG | $14.7M | 83,800 | +0.23pp | 31q | +12.9%+$1.7M | |
| FREEPORT-MCMORAN INC | FCX | $14.7M | 233,200 | +0.33pp | 31q | HELD | |
| KINDER MORGAN INC DEL | KMI | $13.7M | 429,392 | +0.12pp | 31q | -0.9%-$124.7K | |
| BAKER HUGHES COMPANY | BKR | $12.4M | 223,800 | +0.03pp | 31q | -0.9%-$116.5K | |
| ONEOK INC NEW | OKE | $12.2M | 140,500 | +0.12pp | 31q | -0.9%-$113.0K | |
| HALLIBURTON CO | HAL | $12.0M | 353,053 | +0.01pp | 31q | +2.4%+$278.4K | |
| SHERWIN WILLIAMS CO | SHW | $11.6M | 33,700 | +0.63pp | 31q | +39.8%+$3.3M | |
| NEWMONT CORP | NEM | $11.2M | 120,100 | -0.14pp | 31q | -6.5%-$775.2K | |
| DEVON ENERGY CORP NEW | DVN | $10.8M | 261,760 | -0.75pp | 31q | -29.7%-$4.6M | |
| NUCOR CORP | NUE | $9.6M | 43,100 | +0.24pp | 31q | -17.1%-$2.0M | |
| ECOLAB INC | ECL | $8.7M | 31,400 | +0.18pp | 31q | HELD | |
| VULCAN MATLS CO | VMC | $8.2M | 27,700 | +0.20pp | 5q | HELD | |
| EQT CORP | EQT | $8.1M | 153,000 | -0.59pp | 16q | -31.7%-$3.8M | |
| EXPAND ENERGY CORPORATION | EXE | $8.1M | 88,500 | +0.47pp | 10q | +90.7%+$3.8M | |
| CRH PLC | CRH | $6.1M | 57,400 | +0.03pp | 3q | -10.3%-$706.2K | |
| TEXAS PACIFIC LAND CORPORATI | TPL | $5.8M | 13,350 | +0.03pp | 7q | HELD | |
| AIR PRODUCTS AND CHEMICALS I | APD | $5.3M | 18,100 | +0.09pp | 31q | HELD | |
| INTERNATIONAL FLAVORS&FRAGRA | IFF | $5.3M | 66,506 | +0.52pp | 31q | +229.1%+$3.7M | |
| CORTEVA INC | CTVA | $4.9M | 57,945 | +0.08pp | 29q | HELD | |
| CF INDUSTRIES HOLD | CF | $4.6M | 42,669 | -0.10pp | 31q | -8.4%-$422.2K | |
| DUPONT DE NEMOURS INC | $4.3M | 31,642 | - | new | NEW | ||
| TECHNIPFMC PLC | FTI | $3.2M | 48,600 | +0.03pp | 13q | HELD | |
| MARTIN MARIETTA MATLS INC | MLM | $2.6M | 4,500 | -0.03pp | 31q | -16.7%-$519.0K | |
| STEEL DYNAMICS INC | STLD | $2.5M | 11,026 | +0.10pp | 23q | HELD | |
| PPG INDS INC | PPG | $2.2M | 18,100 | +0.06pp | 31q | HELD | |
| SMURFIT WESTROCK PLC | SW | $1.9M | 41,300 | +0.06pp | 8q | HELD | |
| CAMECO CORP | CCJ | $1.8M | 18,000 | +0.01pp | 3q | HELD | |
| APA CORPORATION | APA | $1.8M | 56,000 | -0.04pp | 22q | HELD | |
| INTERNATIONAL PAPER CO | IP | $1.6M | 40,900 | +0.03pp | 31q | HELD | |
| AMCOR PLC | AMCR | $1.5M | 34,880 | +0.04pp | 2q | HELD | |
| DOW HLDGS INC | DOW | $1.4M | 52,945 | -0.07pp | 29q | HELD | |
| PACKAGING CORP AMER | PKG | $1.3M | 5,300 | -0.15pp | 31q | -58.3%-$1.8M | |
| BALL CORP | BALL | $1.0M | 16,300 | +0.02pp | 31q | HELD | |
| ALBEMARLE CORP | ALB | $972.2K | 7,200 | -0.02pp | 31q | HELD | |
| AVERY DENNISON CORP | AVY | $876.7K | 5,400 | +0.01pp | 31q | HELD | |
| LYONDELLBASELL INDUSTRIES NV | LYB | $821.3K | 15,600 | -0.04pp | 31q | HELD | |
| MOSAIC CO | MOS | $449.2K | 21,201 | flat | 31q | HELD | |
| EOS ENERGY ENTERPRISES INC | EOSE | $368.1K | 62,600 | +0.01pp | 3q | HELD | |
| CHORD ENERGY CORPORATION | CHRD | $25.7K | 225 | flat | 5q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Energy | $597.7M | 78.3% |
| Chemicals | $57.7M | 7.6% |
| Mining & Metals | $50.6M | 6.6% |
| Industrials | $23.8M | 3.1% |
| Retail & Consumer | $11.6M | 1.5% |
| Other sectors | $17.3M | 2.3% |
| Not classified | $4.3M | 0.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $762.9M | 51 | 2 | 8 | 18 | 5 | 67.0% | 22 |
| Q1 2026 | $862.6M | 54 | 1 | 8 | 11 | 2 | 68.1% | 22 |
| Q4 2025 | $659.4M | 55 | 3 | 10 | 22 | 3 | 64.3% | 44 |
| Q3 2025 | $659.1M | 55 | 2 | 12 | 22 | 1 | 66.1% | 22 |
| Q2 2025 | $631.2M | 54 | 5 | 15 | 27 | 3 | 63.4% | 30 |
| Q1 2025 | $679.8M | 52 | 0 | 19 | 23 | 3 | 65.3% | 23 |
| Q4 2024 | $632.9M | 55 | 2 | 14 | 13 | 3 | 65.5% | 42 |
| Q3 2024 | $675.3M | 56 | 3 | 7 | 25 | 1 | 65.5% | 25 |
| Q2 2024 | $685.3M | 54 | 0 | 6 | 9 | 1 | 67.1% | 32 |
| Q1 2024 | $709.0M | 55 | 1 | 14 | 17 | 1 | 64.1% | 24 |
| Q4 2023 | $630.5M | 55 | 0 | 21 | 9 | 2 | 64.2% | 43 |
| Q3 2023 | $673.0M | 57 | 1 | 10 | 15 | 0 | 68.1% | 25 |
| Q2 2023 | $616.3M | 56 | 3 | 11 | 14 | 2 | 67.6% | 32 |
| Q1 2023 | $622.2M | 55 | 2 | 7 | 12 | 2 | 69.1% | 26 |
| Q4 2022 | $647.4M | 55 | 1 | 10 | 18 | 2 | 69.2% | 34 |
| Q3 2022 | $548.0M | 56 | 3 | 7 | 16 | 1 | 68.5% | 26 |
| Q2 2022 | $545.7M | 54 | 0 | 14 | 10 | 4 | 67.8% | 27 |
| Q1 2022 | $593.0M | 58 | 4 | 13 | 13 | 2 | 64.1% | 27 |
| Q4 2021 | $467.1M | 56 | 3 | 7 | 21 | 0 | 61.0% | 42 |
| Q3 2021 | $431.7M | 53 | 0 | 16 | 12 | 3 | 61.8% | 27 |
| Q2 2021 | $443.3M | 56 | 3 | 10 | 16 | 1 | 60.2% | 23 |
| Q1 2021 | $406.0M | 54 | 2 | 12 | 20 | 5 | 60.2% | 23 |
| Q4 2020 | $330.4M | 57 | 2 | 15 | 18 | 2 | 58.2% | 43 |
| Q3 2020 | $274.3M | 57 | 2 | 10 | 45 | 1 | 59.1% | 20 |
| Q2 2020 | $384.1M | 56 | 1 | 20 | 19 | 2 | 62.9% | 23 |
| Q1 2020 | $298.4M | 57 | 1 | 23 | 16 | 1 | 66.4% | 16 |
| Q4 2019 | $558.2M | 57 | 0 | 19 | 25 | 5 | 65.5% | 31 |
| Q3 2019 | $552.7M | 62 | 2 | 8 | 11 | 3 | 59.5% | 28 |
| Q2 2019 | $583.5M | 63 | 7 | 7 | 13 | 1 | 58.3% | 29 |
| Q1 2019 | $590.2M | 57 | 1 | 5 | 7 | 2 | 62.5% | 26 |
| Q4 2018 | $520.3M | 58 | 0 | 0 | 0 | 0 | 62.8% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.