NPORT-P false 0000216851 XXXXXXXX Adams Natural Resources Fund, Inc. 811-02736 0000216851 549300LPTQAH0G3NGD42 500 East Pratt Street Suite 1300 Baltimore 21202 410-752-5900 N/A N/A 2026-12-31 2026-09-30 N 868452946 3266492 865186454 0 0 0 0 0 0 0 0 0 0 0 0 0 150436.000000000000 N N/A N/A Air Products and Chemicals, Inc. 7QEON6Y1RL5XR3R1W237 009158106 41400 NS USD 11518722 1.331357 Long EC CORP US N 1 N N N Albemarle Corporation HDBLS2Q6GV1LSKQPBS54 012653101 7200 NS USD 761616 0.088029 Long EC CORP US N 1 N N N Amcor plc 549300GSODGFCDQ3DI89 G0250X149 34880 NS USD 1460076.8 0.168758 Long EC CORP JE N 1 N N N APA Corporation 72ZZ1XRHOOU9P9X16K08 03743Q108 56000 NS USD 2326240 0.268871 Long EC CORP US N 1 N N N Avery Dennison Corporation 549300PW7VPFCYKLIV37 053611109 5400 NS USD 921618 0.106522 Long EC CORP US N 1 N N N Baker Hughes Company 549300XU3XH6F05YEQ93 05722G100 221800 NS USD 12176820 1.407421 Long EC CORP US N 1 N N N Ball Corporation 0BGI85ALH27ZJP15DY16 058498106 75300 NS USD 4219059 0.487647 Long EC CORP US N 1 N N N CF Industries Holdings, Inc. 529900CG8YAQFZ2JMV97 125269100 42669 NS USD 4915468.8 0.568139 Long EC CORP US N 1 N N N Cheniere Energy, Inc. MIHC87W9WTYSYZWV1J40 16411R208 15600 NS USD 4196868 0.485082 Long EC CORP US N 1 N N N Chevron Corporation N/A 166764100 594224 NS USD 121346483.04 14.025471 Long EC CORP US N 1 N N N Chord Energy Corporation N/A 674215207 225 NS USD 30165.75 0.003486 Long EC CORP US N 1 N N N ConocoPhillips WPTL2Z3FIYTHSP5V2253 20825C104 440303 NS USD 55103920.45 6.369022 Long EC CORP US N 1 N N N Corteva Inc. 549300WZN9I2QKLS0O94 22052L104 57945 NS USD 4499429.25 0.520053 Long EC CORP US N 1 N N N CRH public limited company N/A G25508105 57400 NS USD 4752720 0.549328 Long EC CORP US N 1 N N N Devon Energy Corporation 54930042348RKR3ZPN35 25179M103 259360 NS USD 11940934.4 1.380157 Long EC CORP US N 1 N N N Diamondback Energy, Inc. 549300R22LSX6OHWEN64 25278X109 83000 NS USD 15256230 1.763345 Long EC CORP US N 1 N N N Dow, Inc. 5493003S21INSLK2IP73 260557103 52945 NS USD 1458105.3 0.16853 Long EC CORP US N 1 N N N Ecolab Inc. 82DYEISM090VG8LTLS26 278865100 21900 NS USD 6013302 0.695029 Long EC CORP US N 1 N N N EOG Resources, Inc. XWTZDRYZPBUHIQBKDB46 26875P101 140067 NS USD 19295629.92 2.230227 Long EC CORP US N 1 N N N Eos Energy Enterprises, Inc. N/A 29415C101 62600 NS USD 191869 0.022176 Long EC CORP US N 1 N N N EQT Corporation 4NT01YGM4X7ZX86ISY52 26884L109 153000 NS USD 7429680 0.858737 Long EC CORP US N 1 N N N Expand Energy Corporation N/A 165167735 88500 NS USD 7441965 0.860157 Long EC CORP US N 1 N N N Exxon Mobil Corporation J3WHBG0MTS7O8ZVMDC91 30233Q108 1334355 NS USD 217166276.25 25.100517 Long EC CORP US N 1 N N N Freeport-McMoRan, Inc. 549300IRDTHJQ1PVET45 35671D857 231100 NS USD 16177000 1.86977 Long EC CORP US N 1 N N N Halliburton Company ENYF8GB5SMQZ25S06U51 406216101 349853 NS USD 11125325.4 1.285887 Long EC CORP US N 1 N N N International Flavors & Fragrances Inc. BZLRL03D3GPGMOGFO832 459506101 72606 NS USD 6061148.88 0.700559 Long EC CORP US N 1 N N N International Paper Company 824LMFJDH41EY779Q875 460146103 40900 NS USD 1356653 0.156804 Long EC CORP US N 1 N N N Kinder Morgan, Inc. 549300WR7IX8XE0TBO16 49456B101 429392 NS USD 12946168.8 1.496344 Long EC CORP US N 1 N N N Linde plc N/A G54950103 53200 NS USD 25251380 2.918605 Long EC CORP IE N 1 N N N LyondellBasell Industries N.V. BN6WCCZ8OVP3ITUUVN49 N53745100 15600 NS USD 896532 0.103622 Long EC CORP NL N 1 N N N Marathon Petroleum Corporation 3BNYRYQHD39K4LCKQF12 56585A102 75512 NS USD 29858955.04 3.451158 Long EC CORP US N 1 N N N Martin Marietta Materials, Inc. 5299005MZ4WZECVATV08 573284106 4500 NS USD 2159145 0.249558 Long EC CORP US N 1 N N N Mosaic Company 2YD5STGSJNMUB7H76907 61945C103 21201 NS USD 459001.65 0.053052 Long EC CORP US N 1 N N N Newmont Corporation 549300VSP3RIX7FGDZ51 651639106 119000 NS USD 13725460 1.586416 Long EC CORP US N 1 N N N Nucor Corporation 549300GGJCRSI2TIEJ46 670346105 42700 NS USD 9981125 1.153638 Long EC CORP US N 1 N N N Occidental Petroleum Corporation IM7X0T3ECJW4C1T7ON55 674599105 303751 NS USD 16803505.32 1.942183 Long EC CORP US N 1 N N N ONEOK, Inc. 2T3D6M0JSY48PSZI1Q41 30609A109 140500 NS USD 11980435 1.384722 Long EC CORP US N 1 N N N Packaging Corporation of America 549300XZP8MFZFY8TJ84 695156109 5300 NS USD 1215078 0.140441 Long EC CORP US N 1 N N N Phillips 66 5493005JBO5YSIGK1814 718546104 134875 NS USD 34434936.25 3.980059 Long EC CORP US N 1 N N N PPG Industries, Inc. 549300BKPEP01R3V6C59 693506107 18100 NS USD 1888373 0.218261 Long EC CORP US N 1 N N N Sherwin-Williams Company Z15BMIOX8DDH0X2OBP21 824348106 19400 NS USD 6271438 0.724865 Long EC CORP US N 1 N N N SLB Ltd. 213800ZUA17OK3QLGM62 806857108 542733 NS USD 26441951.76 3.056214 Long EC CORP CU N 1 N N N Smurfit Westrock plc N/A G8267P108 41300 NS USD 1821330 0.210513 Long EC CORP IE N 1 N N N Steel Dynamics, Inc. 549300HGGKEL4FYTTQ83 858119100 11026 NS USD 2443471.86 0.282421 Long EC CORP US N 1 N N N Targa Resources Corp. 5493003QENHHS261UR94 87612G101 90700 NS USD 24517117 2.833737 Long EC CORP US N 1 N N N TechnipFMC plc 549300D5I93QWCJTCK36 G87110105 48600 NS USD 3300912 0.381526 Long EC CORP GB N 1 N N N Texas Pacific Land Corporation N/A 88262P102 13350 NS USD 4349830.5 0.502762 Long EC CORP US N 1 N N N Valero Energy Corporation 549300XTO5VR8SKV1V74 91913Y100 104600 NS USD 40544006 4.686158 Long EC CORP US N 1 N N N Vulcan Materials Company 549300Q8LSNHAVWBNI21 929160109 34200 NS USD 8366346 0.966999 Long EC CORP US N 1 N N N Williams Companies, Inc. D71FAKCBLFS2O0RBPG08 969457100 421450 NS USD 28645956.5 3.310957 Long EC CORP US N 1 N N N Morgan Stanley Institutional Liquidity Funds Prime Portfolio, Institutional Clas N/A 61747C715 7502849.039 NS USD 7500598.184288 0.866934 Long STIV RF US N 1 N N N Northern Institutional Funds Treasury Portfolio, Premier Class N/A 665279873 783771.72 NS USD 783771.72 0.090589 Long STIV RF US N 1 N N N 2026-10-30 Adams Natural Resources Fund, Inc. Christy Sloan Christy Sloan Treasurer XXXX