ADAMS NATURAL RESOURCES FUND, INC. - Common Shares, $0.001 par value (PEO) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2015 to Q4 2025

Type / Class
Equity / Common Shares, $0.001 par value
Symbol
PEO on NYSE
Shares outstanding
26,878,426
Price per share
$23.47
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
10,873,296
Total reported value
$236,422,972
% of total 13F portfolios
0%
Share change
+25,029
Value change
+$554,075
Number of holders
85
Price from insider filings
$23.47
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of ADAMS NATURAL RESOURCES FUND, INC. - Common Shares, $0.001 par value (PEO) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Saba Capital Management, L.P. 10% $59,530,984 2,698,594 Saba Capital Management, L.P. 31 Jul 2025

As of 31 Dec 2025, 85 institutional investors reported holding 10,873,296 shares of ADAMS NATURAL RESOURCES FUND, INC. - Common Shares, $0.001 par value (PEO). This represents 40% of the company’s total 26,878,426 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of ADAMS NATURAL RESOURCES FUND, INC. - Common Shares, $0.001 par value (PEO) together control 37% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Saba Capital Management, L.P. 10% 2,698,250 +0.41% 2% $58,659,955
ADAMS DIVERSIFIED EQUITY FUND, INC. 9.6% 2,572,684 +2.3% 1.9% $55,930,158
MORGAN STANLEY 3.6% 978,343 +6.9% 0% $21,269,204
ROYAL BANK OF CANADA 1.9% 519,439 -0.38% 0% $11,293,000
LAZARD ASSET MANAGEMENT LLC 1.9% 508,966 -0.22% 0.02% $11,064,921
Penserra Capital Management LLC 1.1% 300,143 +10% 0.08% $6,525,000
Pathstone Holdings, LLC 0.94% 253,677 -4.1% 0.02% $5,514,939
RAYMOND JAMES FINANCIAL INC 0.84% 226,771 +2.6% 0% $4,929,999
Basepoint Wealth LLC 0.62% 166,957 -1.1% 2.2% $3,629,652
INTREPID FAMILY OFFICE LLC 0.57% 153,379 +2.3% 3.2% $3,334,459
COHEN & STEERS, INC. 0.56% 149,985 0% 0.01% $3,261,000
Verition Fund Management LLC 0.55% 149,075 +2.3% 0.02% $3,240,891
BANK OF AMERICA CORP /DE/ 0.46% 123,166 +0.28% 0% $2,677,624
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.43% 115,997 +2.6% 0.37% $2,521,778
CAPSTONE INVESTMENT ADVISORS, LLC 0.42% 113,761 0% 0.02% $2,473,164
FCA CORP /TX 0.42% 112,487 -11% 0.69% $2,445,470
CSS LLC/IL 0.37% 99,468 -12% 0.12% $2,162,435
Whitener Capital Management, Inc. 0.33% 87,546 +13% 0.43% $1,903,257
NORTH STAR ASSET MANAGEMENT INC 0.33% 87,418 -0.98% 0.08% $1,900,458
Advisors Asset Management, Inc. 0.29% 78,223 +16% 0.03% $1,700,568
FIRST TRUST ADVISORS LP 0.27% 71,295 -1.4% 0% $1,549,953
LPL Financial LLC 0.25% 68,135 +10% 0% $1,481,250
D.A. DAVIDSON & CO. 0.25% 67,962 +2.8% 0.01% $1,477,515
SPROTT INC. 0.25% 67,520 +11% 0.05% $1,467,895
UHLMANN PRICE SECURITIES, LLC 0.25% 66,180 +2.5% 0.85% $1,438,717

Institutional Holders of ADAMS NATURAL RESOURCES FUND, INC. - Common Shares, $0.001 par value (PEO) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 10,873,296 $236,422,972 +$554,075 $21.74 85
2025 Q3 10,822,934 $232,949,851 +$4,515,019 $21.52 87
2025 Q2 10,616,001 $226,895,060 +$6,014,985 $21.37 86
2025 Q1 10,324,036 $235,472,072 +$1,102,912 $22.81 89
2024 Q4 10,308,112 $224,119,102 +$3,312,702 $21.74 87
2024 Q3 9,949,965 $231,063,013 -$4,274,952 $23.22 85
2024 Q2 10,100,926 $238,485,794 +$7,060,890 $23.61 84
2024 Q1 9,803,166 $226,072,507 +$4,818,233 $23.06 84
2023 Q4 9,593,873 $197,915,770 +$3,562,853 $20.63 82
2023 Q3 9,524,347 $220,197,925 +$9,620,193 $23.12 73
2023 Q2 9,115,936 $189,790,003 +$7,483,812 $20.82 73
2023 Q1 8,764,218 $180,191,115 -$927,974 $20.56 77
2022 Q4 8,837,568 $192,648,076 +$6,166,198 $21.80 77
2022 Q3 8,601,616 $167,390,706 +$2,277,391 $19.46 64
2022 Q2 8,484,541 $165,194,198 +$10,769,256 $19.47 69
2022 Q1 7,925,478 $165,810,837 +$4,910,570 $20.93 65
2021 Q4 7,716,072 $127,466,104 -$3,096,919 $16.52 66
2021 Q3 6,938,437 $108,863,000 +$2,404,700 $15.69 58
2021 Q2 6,844,307 $110,875,000 -$4,293,252 $16.20 61
2021 Q1 7,116,926 $104,689,883 +$1,392,839 $14.71 62
2020 Q4 7,111,637 $80,865,000 -$1,195,509 $11.37 61
2020 Q3 7,109,899 $69,550,000 -$45,968,455 $9.78 59
2020 Q2 11,643,518 $132,170,000 +$10,197,353 $11.36 61
2020 Q1 10,577,119 $87,728,000 -$3,891,827 $8.29 63
2019 Q4 10,911,345 $179,220,000 +$26,063,460 $16.46 72
2019 Q3 8,905,883 $140,965,000 +$13,547,508 $15.83 66
2019 Q2 8,049,312 $133,133,000 +$6,738,628 $16.54 64
2019 Q1 8,536,711 $143,143,000 +$3,187,315 $16.77 63
2018 Q4 8,365,504 $121,875,000 -$2,374,800 $14.57 63
2018 Q3 8,396,750 $167,395,000 +$5,324,472 $19.94 60
2018 Q2 8,129,374 $163,282,000 +$4,017,452 $20.09 62
2018 Q1 7,935,440 $144,722,000 +$1,820,708 $18.21 60
2017 Q4 7,816,817 $155,088,000 +$12,288,544 $19.84 63
2017 Q3 7,134,596 $140,200,000 +$6,647,507 $19.65 58
2017 Q2 6,797,149 $127,106,000 +$7,810,833 $18.70 52
2017 Q1 6,370,869 $123,828,000 +$12,858,552 $19.42 61
2016 Q4 5,724,425 $115,491,737 +$19,698,518 $20.17 67
2016 Q3 4,820,983 $96,437,548 -$1,416,645 $19.93 61
2016 Q2 4,889,476 $98,223,354 -$11,837,985 $20.11 56
2016 Q1 5,510,263 $99,040,664 +$127,394 $17.99 63
2015 Q4 5,524,052 $97,893,000 +$11,163,447 $17.74 65
2015 Q3 4,869,471 $88,508,000 -$9,707,139 $18.16 53
2015 Q2 4,991,830 $111,444,773 +$8,736,406 $22.33 56
2015 Q1 4,534,356 $104,974,086 +$104,974,086 $23.15 47