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

Historical Holders from Q1 2015 to Q3 2025

Symbol: PEO on NYSE
Type / Class: Equity / Common Shares, $0.001 par value
Shares outstanding: 26,878,426
All holders as of 30 Sep 2025: Q3 2025
Total 13F shares, excl. options: 10,822,934
Holdings value: $232,949,851
% of all portfolios: 0.002%
Number of holders: 87
Number of buys: 43
Number of sells: -28
Average buys %: +0%
Average sells %: -0%

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)

Filer	Ownership	Change %	Holdings Value	Net Change	Nb Shares	Change %	Reporting Name	Report Period
Saba Capital Management, L.P.	10.04%		$59,530,984		2,698,594		Saba Capital Management, L.P.	31 Jul 2025

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

Period	Reported Shares, Excl. Options	Value, Excl. Options	Change	Puts Notional Value	Calls Notional Value	Price	Investors
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		$0	$21.37	86
2025 Q1	10,324,036	$235,472,072	+$1,102,912		$378,646	$22.81	89
2024 Q4	10,308,112	$224,119,102	+$3,312,702		$304,360	$21.74	87
2024 Q3	9,949,965	$231,063,013	-$4,274,952	$0	$380,808	$23.22	85
2024 Q2	10,100,926	$238,485,794	+$7,060,890	$59,025	$467,478	$23.61	84
2024 Q1	9,803,166	$226,072,507	+$4,818,233	$73,792	$380,490	$23.06	84
2023 Q4	9,593,873	$197,915,770	+$3,562,853	$37,134	$400,222	$20.63	82
2023 Q3	9,524,347	$220,197,925	+$9,620,193	$73,984	$686,664	$23.12	73
2023 Q2	9,115,936	$189,790,003	+$7,483,812	$24,984	$391,416	$20.82	73
2023 Q1	8,764,218	$180,191,115	-$927,974	$2,056	$600,352	$20.56	77
2022 Q4	8,837,568	$192,648,076	+$6,166,198	$4,360	$619,120	$21.8	77
2022 Q3	8,601,616	$167,390,706	+$2,277,391		$304,000	$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	$0		$16.52	66
2021 Q3	6,938,437	$108,863,000	+$2,404,700	$157,000		$15.69	58
2021 Q2	6,844,307	$110,875,000	-$4,293,252			$16.2	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	$0		$11.37	61
2020 Q3	7,109,899	$69,550,000	-$45,968,455	$49,000		$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	$0	$0	$8.29	63
2019 Q4	10,911,345	$179,220,000	+$26,063,460	$272,000	$252,000	$16.46	72
2019 Q3	8,905,883	$140,965,000	+$13,547,508	$269,000	$1,850,000	$15.83	66
2019 Q2	8,049,312	$133,133,000	+$6,738,628	$187,000	$2,111,000	$16.54	64
2019 Q1	8,536,711	$143,143,000	+$3,187,315	$0	$833,000	$16.77	63
2018 Q4	8,365,504	$121,875,000	-$2,374,800	$174,000		$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	$0		$18.7	52
2017 Q1	6,370,869	$123,828,000	+$12,858,552	$200,000		$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	$0		$19.93	61
2016 Q2	4,889,476	$98,223,354	-$11,837,985	$207,000		$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	$0		$18.16	53
2015 Q2	4,991,830	$111,444,773	+$8,736,406	$221,000		$22.33	56
2015 Q1	4,534,356	$104,974,086	+$104,974,086			$23.15	47