Adams Natural Resources Fund, Inc. proxy filings document shareholder voting and governance matters for the closed-end fund. The records cover annual meeting proposals, director elections, auditor ratification, board recommendations, and voting eligibility for common stockholders.
As a Maryland fund company, PEO’s formal disclosures center on board oversight, stockholder meeting procedures, fund governance, and the regulatory materials used to authorize recurring corporate actions within the fund structure.
Adams Natural Resources Fund, Inc. filed a Form 13F reporting its institutional holdings as of the filing, listing 54 reported positions with a Form 13F Information Table value total of $862,623,328. The report was signed on 04-22-2026.
Saba Capital Management and related parties filed an amended ownership report on ADAMS NATURAL RESOURCES FUND, INC. They report beneficial ownership of 2,285,362 common shares, representing 8.31% of the company’s 27,501,854 shares outstanding as of 12/31/25.
The filing shows Saba Capital, its general partner Saba Capital Management GP, LLC, and Boaz R. Weinstein sharing voting and dispositive power over these shares. Approximately $49,584,918 was paid to acquire the position, funded by investor subscriptions, capital appreciation and ordinary-course margin borrowings. Recent open-market trades over the 60 days before 3/26/26 are referenced in Schedule A.
PEO submitted an annual Form N-CEN reporting routine fund operations and governance information for the reporting period.
The filing discloses a monthly average value of portfolio securities on loan of $8,069,775 and $9,796 in net income from securities lending. It also lists aggregate brokerage commissions of $140,081 and principal transactions totaling $73,200,000. The report otherwise follows the Form N-CEN template, with many standard administrative fields (directors, custodians, advisers, transfer agents) provided as structured entries.
Adams Natural Resources Fund, Inc. reported year-end net assets of $662,418,619 and a net asset value per share of $24.09 as of December 31, 2025. The Fund generated a 9.4% total return based on NAV and distributed $55 million to shareholders, an 8.4% annual distribution rate under its Managed Distribution Policy committing to 8% of average NAV per year.
The Fund remains concentrated in Energy and Materials, held 27,501,854 shares outstanding, and paid quarterly distributions under the MDP, generally in newly issued shares unless shareholders elected cash.
Adams Natural Resources Fund, Inc. director Steven G. Chambers filed an initial ownership report showing indirect holdings of 3,845 shares of common stock. These shares are held by the Steven G. Chambers Trust - 2017, reflecting trust-based, indirect beneficial ownership rather than a new market transaction.
Adams Natural Resources Fund is holding its Annual Meeting on April 16, 2026 to elect two Class II directors and ratify PricewaterhouseCoopers LLP as independent auditor for 2026. Stockholders of record on January 23, 2026, with 27,495,477 common shares outstanding, are entitled to vote.
The Board highlights an independent chair, majority-independent board, mandatory retirement age, term limits, and significant stock ownership requirements. For 2025, portfolio turnover was 20.9% and the expense ratio was 0.62%. The Board unanimously recommends voting FOR both proposals.
Adams Natural Resources Fund, Inc. filed a Form 13F reporting its institutional holdings. The filing lists 55 holdings with a total market value of $659,357,118, and the report was signed by Treasurer Christine M. Sloan on 02-13-2026.
Adams Natural Resources Fund (PEO) reported a Form 4 showing a sale of common stock by a reporting person. On October 30, 2025, 11,388 shares were sold at $21.52 per share. Following the transaction, the reporting person beneficially owned 2,675,936 shares, held indirectly. The filing was submitted by Saba Capital Management, L.P. with signatures by Zachary Gindes and Boaz Weinstein. No derivative securities were reported.
Adams Natural Resources Fund, Inc. filed a Form 13F holdings report listing 55 reported holdings with a total market value of $659,144,285. The report was signed by Christine M. Sloan, Treasurer and dated 10-22-2025.