Instuitional Investor - Adams Natural Resources Fund, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Exxon Mobil Corp	XOM	1,334,555	$226,420,601	26.25%
2.	Chevron Corp	CVX	614,724	$127,186,396	14.74%
3.	Conocophillips	COP	377,203	$49,790,796	5.77%
4.	Williams Companies Inc.	WMB	457,450	$33,293,211	3.86%
5.	Slb Limited	SLB	552,633	$28,399,810	3.29%