1y return+21.6%S&P 500 +20.9%
3y return+30.6%S&P 500 +68.5%
5y return+83.9%S&P 500 +74.5%
10y return+81.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $181 against $357 in the S&P 500.2
Adams Natural Resources Fund, Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| XOMExxon Mobil Corporation | $184.1M | 24.1% | New |
| CVXChevron Corporation | $97.2M | 12.7% | −4.6% |
| COPConocoPhillips | $46.2M | 6.1% | +17.8% |
| WMBWilliams Companies, Inc. | $31.6M | 4.1% | −7.0% |
| VLOValero Energy Corporation | $29.6M | 3.9% | +19.7% |
| Linde plcCUSIP G54950103 | $27.9M | 3.7% | |
| SLBSLB Ltd. | $25.5M | 3.3% | |
| TRGPTarga Resources Corp. | $24.6M | 3.2% | |
| PSXPhillips 66 | $23.9M | 3.1% | −9.0% |
| MPCMarathon Petroleum Corporation | $20.4M | 2.7% | −6.0% |
| EOGEOG Resources, Inc. | $18.2M | 2.4% | |
| OXYOccidental Petroleum Corporation | $14.9M | 2.0% | +84.7% |
| FANGDiamondback Energy, Inc. | $14.7M | 1.9% | +12.9% |
| FCXFreeport-McMoRan, Inc. | $14.7M | 1.9% | |
| KMIKinder Morgan, Inc. | $13.7M | 1.8% | |
| BKRBaker Hughes Company | $12.4M | 1.6% | |
| ONEOK, Inc.CUSIP 682680103 | $12.2M | 1.6% | |
| HALHalliburton Company | $12.0M | 1.6% | +2.4% |
| SHWSherwin-Williams Company | $11.6M | 1.5% | +39.8% |
| NEMNewmont Corporation | $11.2M | 1.5% | −6.5% |
| DVNDevon Energy Corporation | $10.8M | 1.4% | −29.7% |
| NUENucor Corporation | $9.6M | 1.3% | −17.1% |
| ECLEcolab Inc. | $8.7M | 1.1% | |
| VMCVulcan Materials Company | $8.2M | 1.1% | |
| EQTEQT Corporation | $8.1M | 1.1% | −31.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| MPCMarathon Petroleum Corporation | June 30, 2020 | +584.0% | $20.4M |
| STLDSteel Dynamics, Inc. | December 31, 2020 | +522.4% | $2.5M |
| FCXFreeport-McMoRan, Inc. | June 30, 2020 | +443.6% | $14.7M |
| NUENucor Corporation | June 30, 2020 | +437.9% | $9.6M |
| FANGDiamondback Energy, Inc. | June 30, 2020 | +320.3% | $14.7M |
| TechnipFMC plcCUSIP G87110105 | June 30, 2023 | +298.9% | $3.2M |
| WMBWilliams Companies, Inc. | June 30, 2020 | +290.8% | $31.6M |
| CFCF Industries Holdings, Inc. | June 30, 2020 | +284.7% | $4.6M |
| TRGPTarga Resources Corp. | December 31, 2022 | +264.8% | $24.6M |
| DVNDevon Energy Corporation | June 30, 2020 | +264.6% | $10.8M |
Sold off last quarter
- Exxon Mobil CorporationCUSIP 30231G102 was $226.4M
- CVECenovus Energy Inc. was $5.6M
- CTRACoterra Energy Inc. was $4.2M
- DuPont de Nemours, Inc.CUSIP 26614N102 was $3.6M
- CCKCrown Holdings, Inc. was $3.0M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −11.0% | +14.8% |
| March 31, 2026 | +31.6% | −4.6% |
| December 31, 2025 | −0.3% | +2.4% |
| September 30, 2025 | +4.1% | +7.8% |
| June 30, 2025 | −4.2% | +10.5% |
| March 31, 2025 | +8.2% | −4.6% |
| December 31, 2024 | −5.2% | +2.1% |
| September 30, 2024 | −1.0% | +5.4% |
| June 30, 2024 | −5.4% | +4.0% |
| March 31, 2024 | +12.6% | +10.0% |
| December 31, 2023 | −4.9% | +11.2% |
| September 30, 2023 | +9.0% | −3.6% |
| June 30, 2023 | −1.1% | +8.3% |
| March 31, 2023 | −3.7% | +7.0% |
| December 31, 2022 | +20.3% | +7.1% |
| September 30, 2022 | −0.0% | −5.3% |
| June 30, 2022 | −8.3% | −16.5% |
| March 31, 2022 | +26.4% | −4.9% |
| December 31, 2021 | +9.3% | +10.7% |
| September 30, 2021 | −2.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Adams Natural Resources Fund, Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=216851&type=13F-HR&dateb=&owner=include&count=40CIK 216851
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/216851/000110465926085618/Filed July 22, 2026 · accession 0001104659-26-085618