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PEO

Adams Natural Resources Fund

87 hedge funds and large institutions have $233M invested in Adams Natural Resources Fund in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 36 increasing their positions, 24 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

50% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 24

2% more funds holding

Funds holding: 8587 (+2)

3% more capital invested

Capital invested by funds: $227M → $233M (+$6.07M)

0.79% more ownership

Funds ownership: 40.4%41.19% (+0.79%)

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $6K

Holders
87
Holders Change
+2
Holders Change %
+2.35%
% of All Funds
1.14%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
7
Increased
36
Reduced
24
Closed
4
Calls
Puts
$6K
Net Calls
-$6K
Net Calls Change
+$4K
Name Holding Trade Value Shares
Change
Change in
Stake
SCM
1
Saba Capital Management
New York
$57.8M -$4.1M -190,015 -7%
ADEF
2
Adams Diversified Equity Fund
Maryland
$54.1M +$1.29M +59,821 +2%
Morgan Stanley
3
Morgan Stanley
New York
$19.7M +$2.61M +120,838 +15%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$11.2M -$100K -4,647 -0.9%
Lazard Asset Management
5
Lazard Asset Management
New York
$11M +$2.08M +96,622 +23%
PCM
6
Penserra Capital Management
California
$5.86M +$1.3M +60,228 +28%
Pathstone Holdings
7
Pathstone Holdings
New Jersey
$5.69M +$1.26M +58,231 +28%
Raymond James Financial
8
Raymond James Financial
Florida
$4.76M -$48.4K -2,245 -1%
BW
9
Basepoint Wealth
Iowa
$3.63M -$139K -6,460 -4%
WAM
10
Wolverine Asset Management
Illinois
$3.34M +$884K +40,996 +36%
IFO
11
Intrepid Family Office
Florida
$3.23M -$522K -24,187 -14%
Cohen & Steers
12
Cohen & Steers
New York
$3.23M -$453K -21,000 -12%
Verition Fund Management
13
Verition Fund Management
Connecticut
$3.14M +$429K +19,870 +16%
FC
14
FCA Corp
Texas
$2.73M +$106K +4,928 +4%
Bank of America
15
Bank of America
North Carolina
$2.64M +$39.6K +1,837 +2%
Capstone Investment Advisors
16
Capstone Investment Advisors
New York
$2.45M
CL
17
CSS LLC
Illinois
$2.44M -$127K -5,904 -5%
BBPWM
18
Blue Bell Private Wealth Management
Pennsylvania
$2.43M -$11K -510 -0.4%
NSAM
19
North Star Asset Management
Wisconsin
$1.9M -$61.7K -2,862 -3%
WCM
20
Whitener Capital Management
North Carolina
$1.67M +$21.3K +987 +1%
First Trust Advisors
21
First Trust Advisors
Illinois
$1.56M +$210K +9,741 +16%
AAM
22
Advisors Asset Management
Colorado
$1.45M +$465K +21,554 +47%
HighTower Advisors
23
HighTower Advisors
Illinois
$1.43M +$7.01K +325 +0.5%
DADC
24
D.A. Davidson & Co
Montana
$1.42M +$38.8K +1,799 +3%
UPS
25
UHLMANN PRICE SECURITIES
Illinois
$1.39M +$62.4K +2,893 +5%

PEO Hedge Fund Activity: Q3 2025 in Review

87 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Adams Natural Resources Fund (PEO) for Q3 2025, worth a combined $233M — up 2.7% from $227M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new PEO positions and 4 closed out — a net gain of 3 holders — while 36 added to existing stakes and 24 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $2.61M. The largest seller was Saba Capital Management, cutting an estimated $4.1M.

  • 87 institutional investors held Adams Natural Resources Fund (PEO) as of Q3 2025, up from 85 in Q2 2025.
  • Funds reported $233M of Adams Natural Resources Fund stock for Q3 2025, up 2.7% quarter-over-quarter.
  • 7 funds opened new Adams Natural Resources Fund positions in Q3 2025 and 4 closed out, a net change of +3 holders.
  • The largest Adams Natural Resources Fund buyer in Q3 2025 was Morgan Stanley, an estimated $2.61M added.
  • The largest Adams Natural Resources Fund seller in Q3 2025 was Saba Capital Management, an estimated $4.1M sold.

Based on aggregated 13F filings for Q3 2025.