Adams Natural Resources Fund
Sponsor: Adams Funds · Inception Mar 17, 1980 · Pays quarterly
Market priceShare price
$29.29
-0.85% ($-0.25)
NAVAsset value per share
$33.04
as of Oct 13, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
11.35% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
7.37%
regular, annualised · on NAV 6.54%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 5:46 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending Jun 30, 2026, filed Jul 29, 2026. 53 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Top 10 holdings
| # | Security | Type | Country | Weight | Value (USD) |
|---|---|---|---|---|---|
| 1 | ConocoPhillips | Equity | United States | 6.00% | $46.2M |
| 2 | Williams Companies, Inc. | Equity | United States | 4.11% | $31.6M |
| 3 | Valero Energy Corporation | Equity | United States | 3.85% | $29.6M |
| 4 | Linde plc | Equity | Ireland | 3.62% | $27.9M |
| 5 | SLB Ltd. | Equity | CU | 3.31% | $25.5M |
| 6 | Targa Resources Corp. | Equity | United States | 3.19% | $24.6M |
| 7 | Phillips 66 | Equity | United States | 3.11% | $23.9M |
| 8 | Exxon Mobil Corporation | Equity | United States | 23.93% | $184M |
| 9 | Marathon Petroleum Corporation | Equity | United States | 2.66% | $20.4M |
| 10 | EOG Resources, Inc. | Equity | United States | 2.36% | $18.2M |
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Equity (common) | 99.17% | $763M |
| Short-term investment vehicle | 0.83% | $6.4M |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United States | 92.10% | $709M |
| Ireland | 3.87% | $29.8M |
| CU | 3.31% | $25.5M |
| United Kingdom | 0.42% | $3.2M |
| Jersey | 0.20% | $1.5M |
| Netherlands | 0.11% | $821K |
Region
| Region | % net assets | Value |
|---|---|---|
| United States | 92.10% | $709M |
| Developed Europe | 4.59% | $35.3M |
| Other | 3.31% | $25.5M |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 99.17% | $763M |
| Registered fund | 0.83% | $6.4M |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 1 | 100.00% | $769M |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 100.00% | $769M |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 53 positions
| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| ConocoPhillips | 20825C104 | Equity | CORP | United States | 444,303 | shares | $46.2M | 6.00% | 1 |
| Williams Companies, Inc. | 969457100 | Equity | CORP | United States | 425,250 | shares | $31.6M | 4.11% | 1 |
| Valero Energy Corporation | 91913Y100 | Equity | CORP | United States | 113,700 | shares | $29.6M | 3.85% | 1 |
| Linde plc | G54950103 | Equity | CORP | Ireland | 53,700 | shares | $27.9M | 3.62% | 1 |
| SLB Ltd. | 806857108 | Equity | CORP | CU | 547,633 | shares | $25.5M | 3.31% | 1 |
| Targa Resources Corp. | 87612G101 | Equity | CORP | United States | 91,600 | shares | $24.6M | 3.19% | 1 |
| Phillips 66 | 718546104 | Equity | CORP | United States | 141,475 | shares | $23.9M | 3.11% | 1 |
| Exxon Mobil Corporation | 30233Q108 | Equity | CORP | United States | 1,346,355 | shares | $184M | 23.93% | 1 |
| Marathon Petroleum Corporation | 56585A102 | Equity | CORP | United States | 79,912 | shares | $20.4M | 2.66% | 1 |
| EOG Resources, Inc. | 26875P101 | Equity | CORP | United States | 140,067 | shares | $18.2M | 2.36% | 1 |
| Chevron Corporation | 166764100 | Equity | CORP | United States | 586,624 | shares | $97.2M | 12.64% | 1 |
| Occidental Petroleum Corporation | 674599105 | Equity | CORP | United States | 306,551 | shares | $14.9M | 1.94% | 1 |
| Diamondback Energy, Inc. | 25278X109 | Equity | CORP | United States | 83,800 | shares | $14.7M | 1.91% | 1 |
| Freeport-McMoRan, Inc. | 35671D857 | Equity | CORP | United States | 233,200 | shares | $14.7M | 1.91% | 1 |
| Kinder Morgan, Inc. | 49456B101 | Equity | CORP | United States | 429,392 | shares | $13.7M | 1.78% | 1 |
| Baker Hughes Company | 05722G100 | Equity | CORP | United States | 223,800 | shares | $12.4M | 1.61% | 1 |
| ONEOK, Inc. | 682680103 | Equity | CORP | United States | 140,500 | shares | $12.2M | 1.59% | 1 |
| Halliburton Company | 406216101 | Equity | CORP | United States | 353,053 | shares | $12M | 1.56% | 1 |
| Sherwin-Williams Company | 824348106 | Equity | CORP | United States | 33,700 | shares | $11.6M | 1.51% | 1 |
| Newmont Corporation | 651639106 | Equity | CORP | United States | 120,100 | shares | $11.2M | 1.46% | 1 |
| Devon Energy Corporation | 25179M103 | Equity | CORP | United States | 261,760 | shares | $10.8M | 1.41% | 1 |
| Nucor Corporation | 670346105 | Equity | CORP | United States | 43,100 | shares | $9.6M | 1.25% | 1 |
| Ecolab Inc. | 278865100 | Equity | CORP | United States | 31,400 | shares | $8.7M | 1.14% | 1 |
| Vulcan Materials Company | 929160109 | Equity | CORP | United States | 27,700 | shares | $8.2M | 1.06% | 1 |
| EQT Corporation | 26884L109 | Equity | CORP | United States | 153,000 | shares | $8.1M | 1.06% | 1 |
| Expand Energy Corporation | 165167735 | Equity | CORP | United States | 88,500 | shares | $8.1M | 1.05% | 1 |
| CRH public limited company | G25508105 | Equity | CORP | United States | 57,400 | shares | $6.1M | 0.80% | 1 |
| Morgan Stanley Institutional Liquidity Funds Prime Portfolio, Institutional Clas | 61747C715 | Short-term inv. | RF | United States | 5,901,129 | shares | $5.9M | 0.77% | 1 |
| Texas Pacific Land Corporation | 88262P102 | Equity | CORP | United States | 13,350 | shares | $5.8M | 0.76% | 1 |
| Air Products and Chemicals, Inc. | 009158106 | Equity | CORP | United States | 18,100 | shares | $5.3M | 0.69% | 1 |
| International Flavors & Fragrances Inc. | 459506101 | Equity | CORP | United States | 66,506 | shares | $5.3M | 0.68% | 1 |
| Corteva Inc. | 22052L104 | Equity | CORP | United States | 57,945 | shares | $4.9M | 0.64% | 1 |
| CF Industries Holdings, Inc. | 125269100 | Equity | CORP | United States | 42,669 | shares | $4.6M | 0.60% | 1 |
| DuPont de Nemours, Inc. | 26614N201 | Equity | CORP | United States | 31,642 | shares | $4.3M | 0.56% | 1 |
| TechnipFMC plc | G87110105 | Equity | CORP | United Kingdom | 48,600 | shares | $3.2M | 0.42% | 1 |
| Martin Marietta Materials, Inc. | 573284106 | Equity | CORP | United States | 4,500 | shares | $2.6M | 0.34% | 1 |
| Steel Dynamics, Inc. | 858119100 | Equity | CORP | United States | 11,026 | shares | $2.5M | 0.33% | 1 |
| PPG Industries, Inc. | 693506107 | Equity | CORP | United States | 18,100 | shares | $2.2M | 0.29% | 1 |
| Smurfit Westrock plc | G8267P108 | Equity | CORP | Ireland | 41,300 | shares | $1.9M | 0.25% | 1 |
| Cameco Corporation | 13321L108 | Equity | CORP | United States | 18,000 | shares | $1.8M | 0.24% | 1 |
| APA Corporation | 03743Q108 | Equity | CORP | United States | 56,000 | shares | $1.8M | 0.24% | 1 |
| International Paper Company | 460146103 | Equity | CORP | United States | 40,900 | shares | $1.6M | 0.20% | 1 |
| Amcor plc | G0250X149 | Equity | CORP | Jersey | 34,880 | shares | $1.5M | 0.20% | 1 |
| Dow, Inc. | 260557103 | Equity | CORP | United States | 52,945 | shares | $1.4M | 0.19% | 1 |
| Packaging Corporation of America | 695156109 | Equity | CORP | United States | 5,300 | shares | $1.3M | 0.16% | 1 |
| Ball Corporation | 058498106 | Equity | CORP | United States | 16,300 | shares | $1M | 0.13% | 1 |
| Albemarle Corporation | 012653101 | Equity | CORP | United States | 7,200 | shares | $972K | 0.13% | 1 |
| Avery Dennison Corporation | 053611109 | Equity | CORP | United States | 5,400 | shares | $877K | 0.11% | 1 |
| LyondellBasell Industries N.V. | N53745100 | Equity | CORP | Netherlands | 15,600 | shares | $821K | 0.11% | 1 |
| Northern Institutional Funds Treasury Portfolio, Premier Class | 665279873 | Short-term inv. | RF | United States | 508,713 | shares | $509K | 0.07% | 1 |
| Mosaic Company | 61945C103 | Equity | CORP | United States | 21,201 | shares | $449K | 0.06% | 1 |
| Eos Energy Enterprises, Inc. | 29415C101 | Equity | CORP | United States | 62,600 | shares | $368K | 0.05% | 1 |
| Chord Energy Corporation | 674215207 | Equity | CORP | United States | 225 | shares | $25.7K | 0.00% | 1 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| Jun 30, 2026 | Jul 29, 2026 | 53 | 100.0% | $769M | full |
| Mar 31, 2026 | Apr 30, 2026 | 58 | 100.0% | $868M | full |
| Dec 31, 2025 | Feb 25, 2026 | 59 | 100.0% | $664M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for Adams Natural Resources Fund, Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.