Adams Natural Resources Fund Q2: Significant Energy Sector Purchases
The Adams Natural Resources Fund, Inc. significantly increased its holdings in Occidental Petroleum (OXY) and Devon Energy (DVN), while reducing exposure to major energy companies like Chevron (CVX) and SLB Ltd.
For the quarter ending June 30th, 2026, Adams Natural Resources Fund, Inc. (AINRF) demonstrated active portfolio management within its energy sector focus.
The fund's top holdings by weight remain dominated by major energy players like Chevron Corporation (CVX) and Williams Companies, Inc. (WMB). However, the period saw notable changes in specific positions.
Significant Purchases: Adams Natural Resources Fund significantly boosted its position in several energy-related stocks. The most substantial increase was in Occidental Petroleum Corporation (OXY), where shares rose by 140600 units, representing an 84.72% change from the previous period and now accounting for OXY at approximately 1.95% of its portfolio.
The fund also showed strong buying interest in Devon Energy Corporation (DVN), increasing shares by -110640 units (-29.71%) but still holding a significant position worth about DVN 1.42% of assets, and EQT Corporation (EQT), which saw its stake decrease by -70900 units (-31.67%) but remains a notable holding at around EQT 1.07%.
Furthermore, the fund acquired International Flavors & Fragrances Inc. (IFF), adding shares worth about IFF 0.69%. This purchase aligns with the fund's disclosed holdings and sector allocations.
Sales and Decreases: The quarter also included reductions in several existing major positions, reflecting strategic adjustments or performance considerations. Chevron Corporation (CVX) saw its stake decrease by -28100 units (-4.57%), ConocoPhillips (COP) reduced shares slightly but still holds a large allocation of 6.05%, Williams Companies (WMB) decreased by -32200 units (-7.04%), and Valero Energy Corporation (VLO) saw a smaller reduction.
Other holdings like SLB Ltd., Targa Resources Corp., Phillips 66 (PSX), and Marathon Petroleum Corporation (MPC) also experienced decreases, though some were minor. EOG Resources Inc. (EOG) saw a small reduction as well.
The fund's overall portfolio value stood at $573 million as of June 30th, with the Energy sector constituting approximately 75.68% allocation and Basic Materials around 16.46%. The remaining assets are allocated to sectors like Consumer Cyclical (0.82%) and Industrials (HAL) at a negligible level.