ADAMS NATURAL RESOURCES FUND, INC.
SEC Form 13F institutional filer · CIK 0000216851
13F-HR · 47 reported holdings · 2026-03-31
Investment company.
Reported long-US-equity value
$0.84B
Top-10 concentration
69.6%
ADAMS NATURAL RESOURCES FUND, INC. — $844M AUM allocation strategy
ADAMS NATURAL RESOURCES FUND, INC. files SEC Form 13F and reports $844M of long US equity value across 47 reported holdings for 2026-03-31.
Its largest sector bet is Energy 80.9%, followed by Materials 6.5%.
The top 10 holdings account for 70% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
ADAMS NATURAL RESOURCES FUND, INC. — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$844M
total across 47 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
70% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SLB +216K sh · +$15.5M+$DVN +73.2K sh · +$7.78M+$HAL +69.7K sh · +$5.67M
Biggest trims (shares)
−$KMI −256K sh · −$4.41M−$BKR −151K sh · −$3.37M−$AMCR −140K sh · −$68K
Added from nil (new positions)
None this quarter
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Integrated Oil & Gas41.9%—
- Oil & Gas Exploration & Production14.0%—
- Oil & Gas Storage & Transportation10.0%—
- Oil & Gas Refining & Marketing8.6%—
- Oil & Gas Equipment & Services6.6%—
- Industrial Gases3.1%—
- Gold1.7%—
- Copper1.7%—
- Other holdings12.6%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $XOM | ExxonMobil Holdings Corporation | 1.33M | $226M | +16.5K | 26.8% |
| $CVX | Chevron Corporation | 615K | $127M | -9K | 15.1% |
| $COP | ConocoPhillips | 377K | $49.8M | +0 | 5.9% |
| $WMB | Williams Companies Inc | 457K | $33.3M | +21.9K | 3.9% |
| $SLB | SLB Limited | 553K | $28.4M | +216K | 3.4% |
| $PSX | Phillips 66 | 155K | $28.3M | +0 | 3.4% |
| $LIN | Linde plc | 53.7K | $26.6M | +0 | 3.2% |
| $VLO | Valero Energy Corporation | 95K | $23.5M | +7.1K | 2.8% |
| $TRGP | Targa Resources Inc | 92.5K | $23.2M | +23.1K | 2.7% |
| $MPC | Marathon Petroleum Corporation | 85K | $20.8M | -7.6K | 2.5% |
…and 37 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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