ADAMS NATURAL RESOURCES FUND, INC. Diversified Active

CIK: 0000216851 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $659,357 (100.0% shares, 0.0% debt)

Holdings (55)

New Positions (3)

CRH CRH public limited company 1.2%

Value ($000) $7,987 Shares 64,000 Est. Cost $119.13 Unrealized 0.0%

CCJ Cameco Corporation 0.2%

Value ($000) $1,647 Shares 18,000 Est. Cost $89.94 Unrealized 0.0%

EOSE Eos Energy Enterprises, Inc. 0.1%

Value ($000) $717 Shares 62,600 Est. Cost $14.37 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRH	CRH public limited company	64,000	$7,987	1.2%	$119.13	0.0%	COM	G25508105
CCJ	Cameco Corporation	18,000	$1,647	0.2%	$89.94	0.0%	COM	13321L108
EOSE	Eos Energy Enterprises, Inc.	62,600	$717	0.1%	$14.37	0.0%	COM	29415C101

Increased Positions (10)

XOM Exxon Mobil Corporation 24.1%

Value ($000) $158,615 (+8.1%) Shares 1,318,055 (+1.3%) Est. Cost $65.90 Unrealized +75.2%

FANG Diamondback Energy, Inc. 1.8%

Value ($000) $11,951 (+135.3%) Shares 79,500 (+123.9%) Est. Cost $116.20 Unrealized +26.6%

TRGP Targa Resources Corp. 1.9%

Value ($000) $12,804 (+83.7%) Shares 69,400 (+66.8%) Est. Cost $163.97 Unrealized +2.5%

WMB Williams Companies, Inc. 4.0%

Value ($000) $26,181 (+18.1%) Shares 435,550 (+24.4%) Est. Cost $56.21 Unrealized +6.9%

HAL Halliburton Company 1.2%

Value ($000) $7,776 (+99.6%) Shares 275,153 (+73.8%) Est. Cost $27.80 Unrealized -5.4%

FCX Freeport-McMoRan, Inc. 1.8%

Value ($000) $11,844 (+35.9%) Shares 233,200 (+5.0%) Est. Cost $31.31 Unrealized +38.3%

NEM Newmont Corporation 1.9%

Value ($000) $12,821 (+21.4%) Shares 128,400 (+2.5%) Est. Cost $40.05 Unrealized +125.2%

EQT EQT Corporation 2.1%

Value ($000) $14,075 (+17.3%) Shares 262,600 (+19.1%) Est. Cost $48.24 Unrealized +16.4%

TPL Texas Pacific Land Corporation 0.6%

Value ($000) $3,834 (-20.3%) Shares 13,350 (+159.2%) Est. Cost $357.33 Unrealized -14.6%

VMC Vulcan Materials Company 1.2%

Value ($000) $7,901 (-3.4%) Shares 27,700 (+4.1%) Est. Cost $257.49 Unrealized +13.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XOM	Exxon Mobil Corporation	1,318,055 (+1.3%)	$158,615 (+8.1%)	24.1%	$65.90	+75.2%	COM	30231G102
FANG	Diamondback Energy, Inc.	79,500 (+123.9%)	$11,951 (+135.3%)	1.8%	$116.20	+26.6%	COM	25278X109
TRGP	Targa Resources Corp.	69,400 (+66.8%)	$12,804 (+83.7%)	1.9%	$163.97	+2.5%	COM	87612G101
WMB	Williams Companies, Inc.	435,550 (+24.4%)	$26,181 (+18.1%)	4.0%	$56.21	+6.9%	COM	969457100
HAL	Halliburton Company	275,153 (+73.8%)	$7,776 (+99.6%)	1.2%	$27.80	-5.4%	COM	406216101
FCX	Freeport-McMoRan, Inc.	233,200 (+5.0%)	$11,844 (+35.9%)	1.8%	$31.31	+38.3%	COM	35671D857
NEM	Newmont Corporation	128,400 (+2.5%)	$12,821 (+21.4%)	1.9%	$40.05	+125.2%	COM	651639106
EQT	EQT Corporation	262,600 (+19.1%)	$14,075 (+17.3%)	2.1%	$48.24	+16.4%	COM	26884L109
TPL	Texas Pacific Land Corporation	13,350 (+159.2%)	$3,834 (-20.3%)	0.6%	$357.33	-14.6%	COM	88262P102
VMC	Vulcan Materials Company	27,700 (+4.1%)	$7,901 (-3.4%)	1.2%	$257.49	+13.8%	COM	929160109

Exited Positions (3)

LNG Cheniere Energy, Inc. 0.6%

Value ($000) $4,136 Shares 17,600 Est. Cost $232.44 Unrealized -9.7%

OVV Ovintiv Inc. 0.4%

Value ($000) $2,940 Shares 72,800 Est. Cost $40.79 Unrealized -5.0%

EMN Eastman Chemical Company 0.1%

Value ($000) $530 Shares 8,400 Est. Cost $86.32 Unrealized -29.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LNG	Cheniere Energy, Inc.	17,600	$4,136	0.6%	$232.44	-9.7%	—	16411R208
OVV	Ovintiv Inc.	72,800	$2,940	0.4%	$40.79	-5.0%	—	69047Q102
EMN	Eastman Chemical Company	8,400	$530	0.1%	$86.32	-29.3%	—	277432100

Decreased Positions (22)

COP ConocoPhillips 5.4%

Value ($000) $35,310 (-16.5%) Shares 377,203 (-15.7%) Est. Cost $57.62 Unrealized +56.2%

MPC Marathon Petroleum Corporation 2.3%

Value ($000) $15,061 (-30.5%) Shares 92,612 (-17.7%) Est. Cost $131.11 Unrealized +42.2%

LIN Linde plc 3.5%

Value ($000) $22,897 (-21.6%) Shares 53,700 (-12.7%) Est. Cost $369.79 Unrealized +15.5%

OXY Occidental Petroleum Corporation 1.2%

Value ($000) $7,840 (-33.8%) Shares 190,651 (-23.9%) Est. Cost $43.03 Unrealized -3.5%

CVX Chevron Corporation 14.4%

Value ($000) $95,062 (-3.3%) Shares 623,724 (-1.4%) Est. Cost $139.92 Unrealized +8.2%

CTVA Corteva Inc. 0.6%

Value ($000) $3,884 (-37.5%) Shares 57,945 (-37.0%) Est. Cost $32.13 Unrealized +100.9%

PSX Phillips 66 3.0%

Value ($000) $20,062 (-7.5%) Shares 155,475 (-2.5%) Est. Cost $109.50 Unrealized +22.4%

CNQ Canadian Natural Resources Limited 0.3%

Value ($000) $1,733 (-44.1%) Shares 51,200 (-47.2%) Est. Cost $29.98 Unrealized +8.2%

NUE Nucor Corporation 1.3%

Value ($000) $8,482 (+16.0%) Shares 52,000 (-3.7%) Est. Cost $132.85 Unrealized +12.7%

APD Air Products and Chemicals, Inc. 0.7%

Value ($000) $4,471 (-20.4%) Shares 18,100 (-12.1%) Est. Cost $211.77 Unrealized +18.8%

ECL Ecolab Inc. 1.7%

Value ($000) $11,131 (-8.5%) Shares 42,400 (-4.5%) Est. Cost $168.47 Unrealized +57.7%

CF CF Industries Holdings, Inc. 0.5%

Value ($000) $3,602 (-22.1%) Shares 46,569 (-9.7%) Est. Cost $81.72 Unrealized +0.3%

SHW Sherwin-Williams Company 1.2%

Value ($000) $7,809 (-10.5%) Shares 24,100 (-4.4%) Est. Cost $307.68 Unrealized +8.6%

VLO Valero Energy Corporation 2.2%

Value ($000) $14,309 (-5.5%) Shares 87,900 (-1.1%) Est. Cost $125.34 Unrealized +34.7%

KMI Kinder Morgan, Inc. 2.9%

Value ($000) $18,943 (-4.0%) Shares 689,092 (-1.1%) Est. Cost $26.44 Unrealized +1.8%

SLB SLB Ltd. 2.0%

Value ($000) $12,912 (+5.8%) Shares 336,433 (-5.3%) Est. Cost $35.14 Unrealized +2.6%

LYB LyondellBasell Industries N.V. 0.1%

Value ($000) $675 (-33.1%) Shares 15,600 (-24.3%) Est. Cost $58.47 Unrealized -24.0%

BALL Ball Corporation 0.1%

Value ($000) $863 (-26.5%) Shares 16,300 (-30.0%) Est. Cost $48.91 Unrealized +0.4%

DOW Dow, Inc. 0.2%

Value ($000) $1,238 (-15.6%) Shares 52,945 (-17.2%) Est. Cost $35.58 Unrealized -36.0%

— Amcor plc 0.2%

Value ($000) $1,454 (-9.5%) Shares 174,400 (-11.2%) Est. Cost $8.77 Unrealized -5.9%

CCK Crown Holdings, Inc. 0.5%

Value ($000) $3,048 (-2.6%) Shares 29,600 (-8.6%) Est. Cost $89.91 Unrealized +8.3%

OKE ONEOK, Inc. 1.9%

Value ($000) $12,245 (-0.4%) Shares 166,600 (-1.1%) Est. Cost $61.20 Unrealized +15.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COP	ConocoPhillips	377,203 (-15.7%)	$35,310 (-16.5%)	5.4%	$57.62	+56.2%	COM	20825C104
MPC	Marathon Petroleum Corporation	92,612 (-17.7%)	$15,061 (-30.5%)	2.3%	$131.11	+42.2%	COM	56585A102
LIN	Linde plc	53,700 (-12.7%)	$22,897 (-21.6%)	3.5%	$369.79	+15.5%	COM	G54950103
OXY	Occidental Petroleum Corporation	190,651 (-23.9%)	$7,840 (-33.8%)	1.2%	$43.03	-3.5%	COM	674599105
CVX	Chevron Corporation	623,724 (-1.4%)	$95,062 (-3.3%)	14.4%	$139.92	+8.2%	COM	166764100
CTVA	Corteva Inc.	57,945 (-37.0%)	$3,884 (-37.5%)	0.6%	$32.13	+100.9%	COM	22052L104
PSX	Phillips 66	155,475 (-2.5%)	$20,062 (-7.5%)	3.0%	$109.50	+22.4%	COM	718546104
CNQ	Canadian Natural Resources Limited	51,200 (-47.2%)	$1,733 (-44.1%)	0.3%	$29.98	+8.2%	COM	136385101
NUE	Nucor Corporation	52,000 (-3.7%)	$8,482 (+16.0%)	1.3%	$132.85	+12.7%	COM	670346105
APD	Air Products and Chemicals, Inc.	18,100 (-12.1%)	$4,471 (-20.4%)	0.7%	$211.77	+18.8%	COM	009158106
ECL	Ecolab Inc.	42,400 (-4.5%)	$11,131 (-8.5%)	1.7%	$168.47	+57.7%	COM	278865100
CF	CF Industries Holdings, Inc.	46,569 (-9.7%)	$3,602 (-22.1%)	0.5%	$81.72	+0.3%	COM	125269100
SHW	Sherwin-Williams Company	24,100 (-4.4%)	$7,809 (-10.5%)	1.2%	$307.68	+8.6%	COM	824348106
VLO	Valero Energy Corporation	87,900 (-1.1%)	$14,309 (-5.5%)	2.2%	$125.34	+34.7%	COM	91913Y100
KMI	Kinder Morgan, Inc.	689,092 (-1.1%)	$18,943 (-4.0%)	2.9%	$26.44	+1.8%	COM	49456B101
SLB	SLB Ltd.	336,433 (-5.3%)	$12,912 (+5.8%)	2.0%	$35.14	+2.6%	COM	806857108
LYB	LyondellBasell Industries N.V.	15,600 (-24.3%)	$675 (-33.1%)	0.1%	$58.47	-24.0%	COM	N53745100
BALL	Ball Corporation	16,300 (-30.0%)	$863 (-26.5%)	0.1%	$48.91	+0.4%	COM	058498106
DOW	Dow, Inc.	52,945 (-17.2%)	$1,238 (-15.6%)	0.2%	$35.58	-36.0%	COM	260557103
—	Amcor plc	174,400 (-11.2%)	$1,454 (-9.5%)	0.2%	$8.77	-5.9%	COM	G0250X107
CCK	Crown Holdings, Inc.	29,600 (-8.6%)	$3,048 (-2.6%)	0.5%	$89.91	+8.3%	COM	228368106
OKE	ONEOK, Inc.	166,600 (-1.1%)	$12,245 (-0.4%)	1.9%	$61.20	+15.1%	COM	682680103

Unchanged Positions (20)

DD DuPont de Nemours, Inc. 0.5%

Value ($000) $3,161 Shares 78,626 Est. Cost $28.66 Unrealized +30.4%

BKR Baker Hughes Company 2.6%

Value ($000) $17,164 Shares 376,900 Est. Cost $30.25 Unrealized +56.5%

EOG EOG Resources, Inc. 2.3%

Value ($000) $14,845 Shares 141,367 Est. Cost $81.14 Unrealized +32.2%

DVN Devon Energy Corporation 1.7%

Value ($000) $10,960 Shares 299,200 Est. Cost $32.85 Unrealized +5.7%

ALB Albemarle Corporation 0.2%

Value ($000) $1,018 Shares 7,200 Est. Cost $87.32 Unrealized +29.7%

STLD Steel Dynamics, Inc. 0.3%

Value ($000) $1,868 Shares 11,026 Est. Cost $108.10 Unrealized +46.5%

CTRA Coterra Energy Inc. 0.5%

Value ($000) $3,179 Shares 120,800 Est. Cost $25.36 Unrealized -1.0%

FTI TechnipFMC plc 0.4%

Value ($000) $2,798 Shares 62,800 Est. Cost $25.02 Unrealized +68.6%

IP International Paper Company 0.2%

Value ($000) $1,611 Shares 40,900 Est. Cost $52.10 Unrealized -21.6%

MOS Mosaic Company 0.1%

Value ($000) $511 Shares 21,201 Est. Cost $27.81 Unrealized -3.8%

EXE Expand Energy Corporation 0.8%

Value ($000) $5,121 Shares 46,400 Est. Cost $88.42 Unrealized +25.1%

SW Smurfit Westrock plc 0.2%

Value ($000) $1,597 Shares 41,300 Est. Cost $46.72 Unrealized -18.4%

IFF International Flavors & Fragrances Inc. 0.2%

Value ($000) $1,362 Shares 20,206 Est. Cost $101.17 Unrealized -36.3%

AVY Avery Dennison Corporation 0.1%

Value ($000) $982 Shares 5,400 Est. Cost $183.04 Unrealized -5.9%

PKG Packaging Corporation of America 0.2%

Value ($000) $1,526 Shares 7,400 Est. Cost $164.88 Unrealized +22.7%

PPG PPG Industries, Inc. 0.3%

Value ($000) $1,855 Shares 18,100 Est. Cost $113.93 Unrealized -12.1%

MLM Martin Marietta Materials, Inc. 0.5%

Value ($000) $3,362 Shares 5,400 Est. Cost $497.22 Unrealized +25.0%

CVE Cenovus Energy Inc. 0.6%

Value ($000) $3,859 Shares 228,100 Est. Cost $15.61 Unrealized +11.2%

APA APA Corporation 0.2%

Value ($000) $1,370 Shares 56,000 Est. Cost $26.87 Unrealized -10.2%

CHRD Chord Energy Corporation 0.0%

Value ($000) $21 Shares 225 Est. Cost $91.94 Unrealized +0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DD	DuPont de Nemours, Inc.	78,626	$3,161	0.5%	$28.66	+30.4%	COM	26614N102
BKR	Baker Hughes Company	376,900	$17,164	2.6%	$30.25	+56.5%	COM	05722G100
EOG	EOG Resources, Inc.	141,367	$14,845	2.3%	$81.14	+32.2%	COM	26875P101
DVN	Devon Energy Corporation	299,200	$10,960	1.7%	$32.85	+5.7%	COM	25179M103
ALB	Albemarle Corporation	7,200	$1,018	0.2%	$87.32	+29.7%	COM	012653101
STLD	Steel Dynamics, Inc.	11,026	$1,868	0.3%	$108.10	+46.5%	COM	858119100
CTRA	Coterra Energy Inc.	120,800	$3,179	0.5%	$25.36	-1.0%	COM	127097103
FTI	TechnipFMC plc	62,800	$2,798	0.4%	$25.02	+68.6%	COM	G87110105
IP	International Paper Company	40,900	$1,611	0.2%	$52.10	-21.6%	COM	460146103
MOS	Mosaic Company	21,201	$511	0.1%	$27.81	-3.8%	COM	61945C103
EXE	Expand Energy Corporation	46,400	$5,121	0.8%	$88.42	+25.1%	COM	165167735
SW	Smurfit Westrock plc	41,300	$1,597	0.2%	$46.72	-18.4%	COM	G8267P108
IFF	International Flavors & Fragrances Inc.	20,206	$1,362	0.2%	$101.17	-36.3%	COM	459506101
AVY	Avery Dennison Corporation	5,400	$982	0.1%	$183.04	-5.9%	COM	053611109
PKG	Packaging Corporation of America	7,400	$1,526	0.2%	$164.88	+22.7%	COM	695156109
PPG	PPG Industries, Inc.	18,100	$1,855	0.3%	$113.93	-12.1%	COM	693506107
MLM	Martin Marietta Materials, Inc.	5,400	$3,362	0.5%	$497.22	+25.0%	COM	573284106
CVE	Cenovus Energy Inc.	228,100	$3,859	0.6%	$15.61	+11.2%	COM	15135U109
APA	APA Corporation	56,000	$1,370	0.2%	$26.87	-10.2%	COM	03743Q108
CHRD	Chord Energy Corporation	225	$21	0.0%	$91.94	+0.0%	COM	674215207