13F HOLDINGS REPORT
ADAMS NATURAL RESOURCES FUND, INC.
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001104659-26-014837
Total Value
$659.4M
Positions
55
Other Managers
0
Confidential Omitted
No
Holdings (55)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Exxon Mobil Corporation | XOM | 1,318,055 | $158.6M | 24.06% |
| 2 | Chevron Corporation | CVX | 623,724 | $95.1M | 14.42% |
| 3 | ConocoPhillips | COP | 377,203 | $35.3M | 5.36% |
| 4 | Williams Companies, Inc. | 969457100 | 435,550 | $26.2M | 3.97% |
| 5 | Linde plc | LIN | 53,700 | $22.9M | 3.47% |
| 6 | Phillips 66 | PSX | 155,475 | $20.1M | 3.04% |
| 7 | Kinder Morgan, Inc. | EP-PC | 689,092 | $18.9M | 2.87% |
| 8 | Baker Hughes Company | BKR | 376,900 | $17.2M | 2.60% |
| 9 | Marathon Petroleum Corporation | MARA | 92,612 | $15.1M | 2.28% |
| 10 | EOG Resources, Inc. | EOG | 141,367 | $14.8M | 2.25% |
| 11 | Valero Energy Corporation | VLO | 87,900 | $14.3M | 2.17% |
| 12 | EQT Corporation | EQT | 262,600 | $14.1M | 2.13% |
| 13 | SLB Ltd. | SLB | 336,433 | $12.9M | 1.96% |
| 14 | Newmont Corporation | NEMCL | 128,400 | $12.8M | 1.94% |
| 15 | Targa Resources Corp. | TRGP | 69,400 | $12.8M | 1.94% |
| 16 | ONEOK, Inc. | OKE | 166,600 | $12.2M | 1.86% |
| 17 | Diamondback Energy, Inc. | FANG | 79,500 | $12.0M | 1.81% |
| 18 | Freeport-McMoRan, Inc. | FCX | 233,200 | $11.8M | 1.80% |
| 19 | Ecolab Inc. | ECL | 42,400 | $11.1M | 1.69% |
| 20 | Devon Energy Corporation | 25179M103 | 299,200 | $11.0M | 1.66% |
| 21 | Nucor Corporation | NUE | 52,000 | $8.5M | 1.29% |
| 22 | CRH public limited company | CRH | 64,000 | $8.0M | 1.21% |
| 23 | Vulcan Materials Company | 929160109 | 27,700 | $7.9M | 1.20% |
| 24 | Occidental Petroleum Corporation | 674599105 | 190,651 | $7.8M | 1.19% |
| 25 | Sherwin-Williams Company | SHW | 24,100 | $7.8M | 1.18% |
| 26 | Halliburton Company | HAL | 275,153 | $7.8M | 1.18% |
| 27 | Expand Energy Corporation | EXE | 46,400 | $5.1M | 0.78% |
| 28 | Air Products and Chemicals, Inc. | AIIR | 18,100 | $4.5M | 0.68% |
| 29 | Corteva Inc. | CTVA | 57,945 | $3.9M | 0.59% |
| 30 | Cenovus Energy Inc. | CVE | 228,100 | $3.9M | 0.59% |
| 31 | Texas Pacific Land Corporation | TPL | 13,350 | $3.8M | 0.58% |
| 32 | CF Industries Holdings, Inc. | 125269100 | 46,569 | $3.6M | 0.55% |
| 33 | Martin Marietta Materials, Inc. | 573284106 | 5,400 | $3.4M | 0.51% |
| 34 | Coterra Energy Inc. | CTRA | 120,800 | $3.2M | 0.48% |
| 35 | DuPont de Nemours, Inc. | DD | 78,626 | $3.2M | 0.48% |
| 36 | Crown Holdings, Inc. | CCK | 29,600 | $3.0M | 0.46% |
| 37 | TechnipFMC plc | FTI | 62,800 | $2.8M | 0.42% |
| 38 | Steel Dynamics, Inc. | STLD | 11,026 | $1.9M | 0.28% |
| 39 | PPG Industries, Inc. | 693506107 | 18,100 | $1.9M | 0.28% |
| 40 | Canadian Natural Resources Limited | 136385101 | 51,200 | $1.7M | 0.26% |
| 41 | Cameco Corporation | CCJ | 18,000 | $1.6M | 0.25% |
| 42 | International Paper Company | 460146103 | 40,900 | $1.6M | 0.24% |
| 43 | Smurfit Westrock plc | SW | 41,300 | $1.6M | 0.24% |
| 44 | Packaging Corporation of America | 695156109 | 7,400 | $1.5M | 0.23% |
| 45 | Amcor plc | AMCCF | 174,400 | $1.5M | 0.22% |
| 46 | APA Corporation | APA | 56,000 | $1.4M | 0.21% |
| 47 | International Flavors & Fragrances Inc. | 459506101 | 20,206 | $1.4M | 0.21% |
| 48 | Dow, Inc. | DOW | 52,945 | $1.2M | 0.19% |
| 49 | Albemarle Corporation | ALB-PA | 7,200 | $1.0M | 0.15% |
| 50 | Avery Dennison Corporation | AVY | 5,400 | $982,152 | 0.15% |
| 51 | Ball Corporation | BALL | 16,300 | $863,411 | 0.13% |
| 52 | Eos Energy Enterprises, Inc. | EOSE | 62,600 | $717,396 | 0.11% |
| 53 | LyondellBasell Industries N.V. | LYB | 15,600 | $675,480 | 0.10% |
| 54 | Mosaic Company | MOS | 21,201 | $510,732 | 0.08% |
| 55 | Chord Energy Corporation | CHRD | 225 | $20,857 | 0.00% |