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Adams Natural Resources Fund, Inc.

PEO
Exchange
NYSE
SEC CIK
0000216851

No open-market purchases or sales by Adams Natural Resources Fund, Inc. insiders were filed in the last 90 days; 99 institutions reported holding it in 13F filings for Q2 2026, worth $269.7M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Adams Natural Resources Fund, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
86
−1 vs. Q3 2025
Shares held
10.9M
+85.5K (+0.8%) vs. Q3 2025
Total value
$237.2M
+$4.24M (+1.8%) vs. Q3 2025
New holders
7
40 more added
Sold out
8
21 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting PEO on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 86 institutions
Q1 2021: 64 institutionsQ2 2021: 63 institutionsQ3 2021: 64 institutionsQ4 2021: 69 institutionsQ1 2022: 69 institutionsQ2 2022: 70 institutionsQ3 2022: 66 institutionsQ4 2022: 78 institutionsQ1 2023: 77 institutionsQ2 2023: 73 institutionsQ3 2023: 73 institutionsQ4 2023: 82 institutionsQ1 2024: 84 institutionsQ2 2024: 84 institutionsQ3 2024: 85 institutionsQ4 2024: 87 institutionsQ1 2025: 89 institutionsQ2 2025: 85 institutionsQ3 2025: 87 institutionsQ4 2025: 86 institutionsQ1 2026: 100 institutionsQ2 2026: 99 institutions
Value heldQ4 2025: $237.2M
Q1 2021: $104.7MQ2 2021: $110.9MQ3 2021: $109.5MQ4 2021: $127.5MQ1 2022: $165.8MQ2 2022: $165.2MQ3 2022: $167.4MQ4 2022: $192.7MQ1 2023: $180.2MQ2 2023: $189.8MQ3 2023: $220.2MQ4 2023: $197.9MQ1 2024: $226.1MQ2 2024: $238.5MQ3 2024: $231.1MQ4 2024: $224.1MQ1 2025: $235.5MQ2 2025: $226.9MQ3 2025: $232.9MQ4 2025: $237.2MQ1 2026: $292.7MQ2 2026: $269.7M
Institutions holding PEO and their total value by quarter
QuarterHoldersValue
Q2 202699$269.7M
Q1 2026100$292.7M
Q4 202586$237.2M
Q3 202587$232.9M
Q2 202585$226.9M
Q1 202589$235.5M
Q4 202487$224.1M
Q3 202485$231.1M
Q2 202484$238.5M
Q1 202484$226.1M
Q4 202382$197.9M
Q3 202373$220.2M
Q2 202373$189.8M
Q1 202377$180.2M
Q4 202278$192.7M
Q3 202266$167.4M
Q2 202270$165.2M
Q1 202269$165.8M
Q4 202169$127.5M
Q3 202164$109.5M
Q2 202163$110.9M
Q1 202164$104.7M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Adams Natural Resources Fund, Inc.; share changes are against Q3 2025.

Institutions holding PEO in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Saba Capital Management, L.P.2,698,250$58.7M1.97%+10,926+0.4%Added
Adams Diversified Equity Fund, Inc.2,572,684$55.9M1.86%+56,682+2.3%Added
Morgan Stanley978,343$21.3M0.00%+63,180+6.9%Added
Royal Bank of Canada519,439$11.3M0.00%−2,003−0.4%Reduced
Lazard Asset Management LLC508,966$11.1M0.02%−1,109−0.2%Reduced
Penserra Capital Management LLC300,143$6.53M0.08%+27,784+10.2%Added
Pathstone Holdings, LLC253,677$5.51M0.02%−10,843−4.1%Reduced
Raymond James Financial Inc226,771$4.93M0.00%+5,738+2.6%Added
Basepoint Wealth LLC166,957$3.63M2.21%−1,923−1.1%Reduced
Intrepid Family Office LLC153,379$3.33M3.21%+3,379+2.3%Added
Cohen & Steers, Inc.149,985$3.26M0.01%00.0%Unchanged
Verition Fund Management LLC149,075$3.24M0.02%+3,284+2.3%Added
Bank of America Corp123,166$2.68M0.00%+341+0.3%Added
Blue Bell Private Wealth Management, LLC115,997$2.52M0.37%+2,983+2.6%Added
Capstone Investment Advisors, LLC113,761$2.47M0.02%00.0%Unchanged
Fca Corp112,487$2.45M0.69%−14,438−11.4%Reduced
CSS LLC99,468$2.16M0.12%−13,821−12.2%Reduced
Whitener Capital Management, Inc.87,546$1.90M0.43%+10,057+13.0%Added
North Star Asset Management Inc87,418$1.90M0.08%−863−1.0%Reduced
Advisors Asset Management, Inc.78,223$1.70M0.03%+10,847+16.1%Added
First Trust Advisors LP71,295$1.55M0.00%−1,010−1.4%Reduced
LPL Financial LLC68,135$1.48M0.00%+6,386+10.3%Added
D.A. Davidson & Co.67,962$1.48M0.01%+1,875+2.8%Added
Sprott Inc.67,520$1.47M0.05%+6,910+11.4%Added
Uhlmann Price Securities, LLC66,180$1.44M0.85%+1,612+2.5%Added
Wealth Enhancement Advisory Services, LLC60,628$1.33M0.00%+608+1.0%Added
Uncommon Cents Investing LLC58,884$1.28M0.31%−1,081−1.8%Reduced
Nations Financial Group Inc,50,090$1.09M0.06%−4,717−8.6%Reduced
Wolverine Asset Management LLC45,551$990.3K0.01%−109,615−70.6%Reduced
Principal Securities, Inc.43,243$940.1K0.01%+2,086+5.1%Added
Stifel Financial Corp43,181$938.8K0.00%−10,178−19.1%Reduced
Wells Fargo & Company42,583$925.7K0.00%−993−2.3%Reduced
Jones Financial Companies LLLP36,438$792.2K0.00%+11,099+43.8%Added
Wealthcare Advisory Partners LLC36,182$786.6K0.02%−447−1.2%Reduced
Walsh & Associates, LLC35,153$764.2K0.75%+35,153New
Roberts Glore & Co Inc34,100$741.3K0.20%+5,895+20.9%Added
Burney Co33,765$734.1K0.02%+2,787+9.0%Added
Baird Financial Group, Inc.32,397$704.3K0.00%−564−1.7%Reduced
Kestra Advisory Services, LLC31,639$687.8K0.00%+834+2.7%Added
HighTower Advisors, LLC31,430$683.3K0.00%−34,976−52.7%Reduced
UBS Group AG31,272$679.9K0.00%−1,333−4.1%Reduced
Cambridge Investment Research Advisors, Inc.30,207$657.0K0.00%+1,016+3.5%Added
Concurrent Investment Advisors, LLC29,253$636.0K0.01%+5,084+21.0%Added
Commonwealth Equity Services, LLC28,277$614.7K0.00%+6,095+27.5%Added
Cullen Investment Group, Ltd.27,399$614.3K0.08%+454+1.7%Added
Cetera Investment Advisers27,010$587.2K0.00%+2,510+10.2%Added
Evolve Private Wealth, LLC25,333$550.7K0.03%+25,333New
Kovack Advisors, Inc.23,712$515.5K0.02%+1,258+5.6%Added
Advisor Group Holdings, Inc.22,442$488.1K0.00%+3,496+18.5%Added
Allspring Global Investments Holdings, LLC18,967$412.3K0.00%+18,967New
Alta Capital Management LLC16,000$347.8K0.02%00.0%Unchanged
PFG Investments, LLC14,750$320.7K0.02%+73+0.5%Added
Moors & Cabot, Inc.14,286$310.6K0.01%+315+2.3%Added
Guggenheim Capital LLC14,184$308.4K0.00%−304−2.1%Reduced
GWM Advisors LLC14,183$308.3K0.00%+1,377+10.8%Added
Millennium Management LLC13,310$289.4K0.00%00.0%Unchanged
SeaCrest Wealth Management, LLC12,600$273.2K0.03%00.0%Unchanged
Level Four Advisory Services, LLC12,496$271.7K0.01%+239+1.9%Added
Vantage Financial Partners, LLC10,301$223.9K0.05%+227+2.3%Added
Searle & Co.9,874$214.7K0.06%+114+1.2%Added
Jane Street Group, LLC9,606$208.8K0.00%−4,541−32.1%Reduced
JFS Wealth Advisors, LLC9,369$203.7K0.01%00.0%Unchanged
CIBC Private Wealth Group, LLC8,091$175.9K0.00%00.0%Unchanged
Northwestern Mutual Wealth Management Co4,386$95.4K0.00%−50−1.1%Reduced
JPMorgan Chase & Co4,060$88.3K0.00%+45+1.1%Added
Farther Finance Advisors, LLC2,930$63.7K0.00%+2,930New
CWM, LLC2,239$49.0K0.00%00.0%Unchanged
Comerica Bank2,174$47.3K0.00%+58+2.7%Added
The PNC Financial Services Group, Inc.1,950$42.4K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC1,873$40.7K0.00%00.0%Unchanged
Geneos Wealth Management Inc.1,870$40.7K0.00%+7+0.4%Added
Hilltop National Bank1,695$36.8K0.01%00.0%Unchanged
Global Retirement Partners, LLC1,589$34.5K0.00%+1,589New
Highline Wealth Partners LLC1,500$32.6K0.01%00.0%Unchanged
NBC Securities, Inc.1,228$26.7K0.00%+27+2.2%Added
Loring Wolcott & Coolidge Fiduciary Advisors LLP1,108$26.5K0.00%00.0%Unchanged
Zazove Associates LLC950$20.7K0.00%+20+2.2%Added
Barrett & Company, Inc.800$17.4K0.01%00.0%Unchanged
Parkside Financial Bank & Trust682$14.8K0.00%00.0%Unchanged
Pinnacle Wealth Planning Services, Inc.603$13.1K0.00%+603New
Cape Investment Advisory, Inc.493$10.7K0.00%00.0%Unchanged
Indiana Trust & Investment Management CO472$10.3K0.00%+472New
Atlantic Union Bankshares Corp300$6.52K0.00%00.0%Unchanged
WPG Advisers, LLC252$5.47K0.00%+32+14.5%Added
Ancora Advisors, LLC200$4.35K0.00%00.0%Unchanged
Fifth Third Bancorp82$1.78K0.00%−3,067−97.4%Reduced
Colony Group, LLC0$00.00%−15,570−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−10,445−100.0%Sold out
Creative Planning0$00.00%−10,302−100.0%Sold out
Advisory Services Network, LLC0$00.00%−2,239−100.0%Sold out
Crewe Advisors LLC0$00.00%−500−100.0%Sold out
Wealthspire Advisors, LLC0$00.00%−253−100.0%Sold out
Simplex Trading, LLC0$00.00%−84−100.0%Sold out
Harbour Investments, Inc.0$00.00%−3−100.0%Sold out