SEC 13F Intelligence

Managers / Q3 2022 · view latest →

ADAMS NATURAL RESOURCES FUND, INC.

CIK 0000216851 · 500 EAST PRATT STREET, SUITE 1300, BALTIMORE, MD, 21202 · 4107525900

Reported Value
$548M
Q3 2022
Positions
56
Filings on Record
30
2019–present window
Filed
Oct 26, 2022
original filing

Summary

Adams Natural Resources Fund, Inc. reported $548M in U.S.-listed holdings across 56 positions for Q3 2022.

The portfolio is heavily concentrated: EXMOC alone accounts for 21.1% of reported value.

Compared with Q2 2022, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+6.1%
vs prior filed quarter
Top-10 Concentration
+68.5%
share of reported value
Largest Position
+21.1%
Exxon Mobil Corporation
New / Exited
3 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $520MQ4 ’18Q1 ’19: $590MQ2 ’19: $583MQ3 ’19: $553MQ4 ’19: $558MQ4 ’19Q1 ’20: $298MQ2 ’20: $384MQ3 ’20: $274MQ4 ’20: $330MQ4 ’20Q1 ’21: $406MQ2 ’21: $443MQ3 ’21: $432MQ4 ’21: $467MQ4 ’21Q1 ’22: $593MQ2 ’22: $546MQ3 ’22: $548MQ4 ’22: $647MQ4 ’22Q1 ’23: $622MQ2 ’23: $616MQ3 ’23: $673MQ4 ’23: $630MQ4 ’23Q1 ’24: $709MQ2 ’24: $685MQ3 ’24: $675MQ4 ’24: $633MQ4 ’24Q1 ’25: $680MQ2 ’25: $631MQ3 ’25: $659MQ4 ’25: $659MQ4 ’25Q1 ’26: $863Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 95.8%Other: 3.9%ETP: 0.3%
  • Common Stock · 95.8% · $525M
  • Other · 3.9% · $21M
  • ETP · 0.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EQTEQT CorporationNEW+49.6K49.6K+$2M$2M
XLBMaterials Select Sector SPDR FundNEW+26.2K26.2K+$2M$2M
CHRDChord Energy CorporationNEW+260260+$36,000$36,000
FMCFMC CorporationADDED+19.6K30.1K+$2M$3M
HESHess CorporationADDED+80.3K134.0K+$9M$15M
WLLWhiting Petroleum CorporationSOLD OUT−4520−$31,000$0
APAAPA Corp.TRIMMED−113.3K56.0K−$4M$2M
LyondellBasell Industries N.V.TRIMMED−30.3K31.1K−$3M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EXMOCExxon Mobil Corporationhistory →COM21.08%$116M1.32M
2CHVChevron Corporationhistory →COM14.66%$80M559.3K
3COPConocoPhillipshistory →COM9.13%$50M488.8K
4MPCMarathon Petroleum Corporationhistory →COM4.24%$23M234.1K
5PXDEURPioneer Natural Resources Companyhistory →COM3.80%$21M96.2K
6OXYOccidental Petroleum Corporationhistory →COM3.68%$20M328.0K
7Linde plcCOM3.18%$17M64.7K
8VLOValero Energy Corporationhistory →COM3.06%$17M156.9K
9EOGEOG Resources, Inc.history →COM2.92%$16M143.1K
10SLBSchlumberger N.V.history →COM2.78%$15M423.8K
11HESHess Corporationhistory →COM2.67%$15M134.0K
12FANGDiamondback Energy, Inc.history →COM2.02%$11M92.1K
13CTRACoterra Energy Inc.history →COM1.94%$11M407.9K
14HALHalliburton Companyhistory →COM1.83%$10M407.5K
15DVNDevon Energy Corporationhistory →COM1.69%$9M153.7K
16PSXPhillips 66history →COM1.57%$9M106.7K
17WMBWilliams Companies, Inc.history →COM1.44%$8M274.8K
18SHWSherwin-Williams Companyhistory →COM1.36%$7M36.4K
19KMIKinder Morgan, Inc.history →COM1.34%$7M441.1K
20APDAir Products and Chemicals, Inc.history →COM1.14%$6M26.8K
21FCXFreeport-McMoRan, Inc.history →COM1.10%$6M221.1K
22CFCF Industries Holdings, Inc.COM0.85%$5M48.4K
23OKEONEOK, Inc.COM0.82%$4M87.5K
24CTVACorteva Inc.COM0.69%$4M66.2K
25ECLEcolab Inc.COM0.67%$4M25.6K
26NEMNewmont CorporationCOM0.67%$4M86.8K
27BKRBaker Hughes CompanyCOM0.66%$4M171.9K
28FMCFMC CorporationCOM0.58%$3M30.1K
29DOWDow, Inc.COM0.53%$3M65.7K
30MRO*Marathon Oil CorporationCOM0.52%$3M127.0K
31CVECenovus Energy Inc.COM0.50%$3M176.7K
32ALBAlbemarle CorporationCOM0.43%$2M9.0K
33CECelanese CorporationCOM0.43%$2M26.2K
34LyondellBasell Industries N.V.COM0.43%$2M31.1K
35NUENucor CorporationCOM0.41%$2M21.1K
36PPGPPG Industries, Inc.COM0.40%$2M19.7K
37DWDPEURDuPont de Nemours, Inc.COM0.39%$2M42.1K
38LNGCheniere Energy, Inc.COM0.37%$2M12.2K
39EQTEQT CorporationCOM0.37%$2M49.6K
40STLDSteel Dynamics, Inc.COM0.36%$2M28.0K
41APAAPA Corp.COM0.35%$2M56.0K
42IFFInternational Flavors & Fragrances Inc.COM0.35%$2M21.0K
43XLBMaterials Select Sector SPDR FundCOM0.33%$2M26.2K
44VMCVulcan Materials CompanyCOM0.28%$2M9.8K
45MLMMartin Marietta Materials, Inc.COM0.26%$1M4.5K
46BALLBall CorporationCOM0.26%$1M29.1K
47Amcor plcCOM0.24%$1M125.1K
48SUSuncor Energy Inc.COM0.24%$1M46.4K
49MOSMosaic CompanyCOM0.23%$1M25.6K
50AVYAvery Dennison CorporationCOM0.16%$895,0005.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$863M54Apr 22, 202613F-HRchanges · EDGAR ↗
Q4 2025$659M55Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$659M55Oct 22, 202513F-HRchanges · EDGAR ↗
Q2 2025$631M54Jul 30, 202513F-HRchanges · EDGAR ↗
Q1 2025$680M52Apr 23, 202513F-HRchanges · EDGAR ↗
Q4 2024$633M55Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$675M56Oct 25, 202413F-HRchanges · EDGAR ↗
Q2 2024$685M54Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$709M55Apr 24, 202413F-HRchanges · EDGAR ↗
Q4 2023$630M55Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$673M57Oct 25, 202313F-HRchanges · EDGAR ↗
Q2 2023$616M56Aug 1, 202313F-HRchanges · EDGAR ↗
Q1 2023$622M55Apr 26, 202313F-HRchanges · EDGAR ↗
Q4 2022$647M55Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$548M56Oct 26, 202213F-HRchanges · EDGAR ↗
Q2 2022$546M54Jul 27, 202213F-HRchanges · EDGAR ↗
Q1 2022$593M58Apr 27, 202213F-HRchanges · EDGAR ↗
Q4 2021$467M56Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$432M53Oct 27, 202113F-HRchanges · EDGAR ↗
Q2 2021$443M56Jul 23, 202113F-HRchanges · EDGAR ↗
Q1 2021$406M54Apr 23, 202113F-HRchanges · EDGAR ↗
Q4 2020$330M57Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$274M57Oct 20, 202013F-HRchanges · EDGAR ↗
Q2 2020$384M56Jul 23, 202013F-HRchanges · EDGAR ↗
Q1 2020$298M57Apr 16, 202013F-HRchanges · EDGAR ↗
Q4 2019$558M57Jan 31, 202013F-HRchanges · EDGAR ↗
Q3 2019$553M62Oct 28, 201913F-HRchanges · EDGAR ↗
Q2 2019$583M63Jul 29, 201913F-HRchanges · EDGAR ↗
Q1 2019$590M57Apr 26, 201913F-HRchanges · EDGAR ↗
Q4 2018$520M58Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.