13F HOLDINGS REPORT
ADAMS NATURAL RESOURCES FUND, INC.
Quarter ended Q3 2025 · Filed October 22, 2025 · Accession 0001104659-25-101565
Total Value
$659.1M
Positions
55
Other Managers
0
Confidential Omitted
No
Holdings (55)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Exxon Mobil Corporation | XOM | 1,301,455 | $146.7M | 22.26% |
| 2 | Chevron Corporation | CVX | 632,724 | $98.3M | 14.91% |
| 3 | ConocoPhillips | COP | 447,303 | $42.3M | 6.42% |
| 4 | Linde plc | LIN | 61,500 | $29.2M | 4.43% |
| 5 | Williams Companies, Inc. | 969457100 | 350,050 | $22.2M | 3.36% |
| 6 | Phillips 66 | PSX | 159,475 | $21.7M | 3.29% |
| 7 | Marathon Petroleum Corporation | MARA | 112,512 | $21.7M | 3.29% |
| 8 | Kinder Morgan, Inc. | EP-PC | 696,692 | $19.7M | 2.99% |
| 9 | Baker Hughes Company | BKR | 376,900 | $18.4M | 2.79% |
| 10 | EOG Resources, Inc. | EOG | 141,367 | $15.9M | 2.40% |
| 11 | Valero Energy Corporation | VLO | 88,900 | $15.1M | 2.30% |
| 12 | ONEOK, Inc. | OKE | 168,500 | $12.3M | 1.87% |
| 13 | Schlumberger N.V. | SLB | 355,233 | $12.2M | 1.85% |
| 14 | Ecolab Inc. | ECL | 44,400 | $12.2M | 1.84% |
| 15 | EQT Corporation | EQT | 220,500 | $12.0M | 1.82% |
| 16 | Occidental Petroleum Corporation | 674599105 | 250,451 | $11.8M | 1.80% |
| 17 | Newmont Corporation | NEMCL | 125,300 | $10.6M | 1.60% |
| 18 | Devon Energy Corporation | 25179M103 | 299,400 | $10.5M | 1.59% |
| 19 | Sherwin-Williams Company | SHW | 25,200 | $8.7M | 1.32% |
| 20 | Freeport-McMoRan, Inc. | FCX | 222,200 | $8.7M | 1.32% |
| 21 | Vulcan Materials Company | 929160109 | 26,600 | $8.2M | 1.24% |
| 22 | Nucor Corporation | NUE | 54,000 | $7.3M | 1.11% |
| 23 | Targa Resources Corp. | TRGP | 41,600 | $7.0M | 1.06% |
| 24 | Corteva Inc. | CTVA | 91,945 | $6.2M | 0.94% |
| 25 | DuPont de Nemours, Inc. | DD | 78,626 | $6.1M | 0.93% |
| 26 | Air Products and Chemicals, Inc. | AIIR | 20,600 | $5.6M | 0.85% |
| 27 | Diamondback Energy, Inc. | FANG | 35,500 | $5.1M | 0.77% |
| 28 | Expand Energy Corporation | EXE | 46,400 | $4.9M | 0.75% |
| 29 | Texas Pacific Land Corporation | TPL | 5,150 | $4.8M | 0.73% |
| 30 | CF Industries Holdings, Inc. | 125269100 | 51,569 | $4.6M | 0.70% |
| 31 | Cheniere Energy, Inc. | LNG | 17,600 | $4.1M | 0.63% |
| 32 | Halliburton Company | HAL | 158,353 | $3.9M | 0.59% |
| 33 | Cenovus Energy Inc. | CVE | 228,100 | $3.9M | 0.59% |
| 34 | Martin Marietta Materials, Inc. | 573284106 | 5,400 | $3.4M | 0.52% |
| 35 | Crown Holdings, Inc. | CCK | 32,400 | $3.1M | 0.47% |
| 36 | Canadian Natural Resources Limited | 136385101 | 97,000 | $3.1M | 0.47% |
| 37 | Ovintiv Inc. | OVV | 72,800 | $2.9M | 0.45% |
| 38 | Coterra Energy Inc. | CTRA | 120,800 | $2.9M | 0.43% |
| 39 | TechnipFMC plc | FTI | 62,800 | $2.5M | 0.38% |
| 40 | PPG Industries, Inc. | 693506107 | 18,100 | $1.9M | 0.29% |
| 41 | International Paper Company | 460146103 | 40,900 | $1.9M | 0.29% |
| 42 | Smurfit Westrock plc | SW | 41,300 | $1.8M | 0.27% |
| 43 | Packaging Corporation of America | 695156109 | 7,400 | $1.6M | 0.24% |
| 44 | Amcor plc | AMCCF | 196,400 | $1.6M | 0.24% |
| 45 | Steel Dynamics, Inc. | STLD | 11,026 | $1.5M | 0.23% |
| 46 | Dow, Inc. | DOW | 63,945 | $1.5M | 0.22% |
| 47 | APA Corporation | APA | 56,000 | $1.4M | 0.21% |
| 48 | International Flavors & Fragrances Inc. | 459506101 | 20,206 | $1.2M | 0.19% |
| 49 | Ball Corporation | BALL | 23,300 | $1.2M | 0.18% |
| 50 | LyondellBasell Industries N.V. | LYB | 20,600 | $1.0M | 0.15% |
| 51 | Avery Dennison Corporation | AVY | 5,400 | $875,718 | 0.13% |
| 52 | Mosaic Company | MOS | 21,201 | $735,251 | 0.11% |
| 53 | Albemarle Corporation | ALB-PA | 7,200 | $583,776 | 0.09% |
| 54 | Eastman Chemical Company | EMN | 8,400 | $529,620 | 0.08% |
| 55 | Chord Energy Corporation | CHRD | 225 | $22,358 | 0.00% |