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Adams Natural Resources Fund, Inc.

CIK:0000216851
Mutual Fund
$900M AUM
55 holdings
Baltimore, MD, United States
Founded:1929
20 employees
Latest filing:Sep 30, 2025

Adams Natural Resources Fund, Inc. is a closed-end investment company headquartered in Baltimore, Maryland. Founded in 1929, the firm specializes in equity investments in the energy and natural resources sectors. As part of Adams Funds, it has a small, expert employee base and primarily serves individual and institutional investors seeking exposure to the natural resources space.

Investment Strategy

Adams Natural Resources Fund, Inc. invests primarily in equity securities of U.S. and international companies engaged in energy, materials, and related natural resources businesses. The fund employs a disciplined, research-driven, and long-term investment approach, seeking companies with strong fundamentals and growth potential in the energy and basic materials sectors. The fund may also hold other securities to achieve diversification and risk management.

Top Buys
C
CVXChevron Corporation
+$25.1M
C
COPConocoPhillips
+$8.7M
O
OXYOccidental Petroleum Corporation
+$6.4M
E
EQTEQT Corporation
+$5.5M
V
VLOValero Energy Corporation
+$4.6M
Top Sells
H
HESHess Corporation
-$18.6M
E
EOGEOG Resources, Inc.
-$8.0M
E
EXEExpand Energy Corporation
-$7.8M
T
TRGPTarga Resources Corp.
-$7.5M
S
SHWSherwin-Williams Company
-$4.4M

Top Holdings

X
XOMExxon Mobil Corporation
+22.3%$146.7M
C
CVXChevron Corporation
+14.9%$98.3M
C
COPConocoPhillips
+6.4%$42.3M
L
LINLinde plc
+4.4%$29.2M
W
WMBWilliams Companies, Inc.
+3.4%$22.2M

Equity Positions (55)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
X
XOM
Exxon Mobil Corporation22.26%$146.7M1,301,455$85.97$112.75+$2.6M
C
CVX
Chevron Corporation14.91%$98.3M632,724$145.51$155.29+$25.1M
C
COP
ConocoPhillips6.42%$42.3M447,303$67.02$94.59+$8.7M
L
LIN
Linde plc4.43%$29.2M61,500$396.92$475.00-$627.3K
W
WMB
Williams Companies, Inc.3.36%$22.2M350,050$60.52$63.35-$772.0K

Industry Allocation

PETROLEUM REFINING
+52.5%
CRUDE PETROLEUM & NATURAL GAS
+11.3%
NATURAL GAS TRANSMISSION
+7.4%
INDUSTRIAL INORGANIC CHEMICALS
+5.3%
OIL & GAS FIELD MACHINERY & EQUIPMENT
+3.2%