Adams Natural Resources Fund Inc. (PEO)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Adams Diversified Equity Fund, Inc.	2,516,002	$54,144,363	1.82%
2.	Morgan Stanley	915,163	$19,694,345	0%
3.	Royal Bank Of Canada	521,442	$11,221,000	0%
4.	Lazard Asset Management Llc	510,075	$10,976,814	0.01%
5.	Pathstone Holdings, Llc	264,520	$5,692,472	0.02%