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PEO

Adams Natural Resources Fund
PEO

86 hedge funds and large institutions have $237M invested in Adams Natural Resources Fund in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 40 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 21

2% more capital invested

Capital invested by funds: $233M → $237M (+$4.24M)

0.33% more ownership

Funds ownership: 41.19% → 41.51% (+0.33%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

1% less funds holding

Funds holding: 87 → 86 (-1)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

Holders
86
Holders Change
-1
Holders Change %
-1.15%
% of All Funds
1.05%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
7
Increased
40
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$1.36M
2
ADEF
Adams Diversified Equity Fund
Maryland
+$1.22M
3
PCM
Penserra Capital Management
California
+$598K
4
Allspring Global Investments
Allspring Global Investments
North Carolina
+$408K
5
Jones Financial Companies
Jones Financial Companies
Missouri
+$239K

Top Sellers

1
WAM
Wolverine Asset Management
Illinois
-$2.36M
2
HighTower Advisors
HighTower Advisors
Illinois
-$753K
3
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
-$335K
4
FC
FCA Corp
Texas
-$311K
5
CL
CSS LLC
Illinois
-$297K
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
1
Saba Capital Management
New York
$58.7M +$235K +10,926 +0.4%
ADEF
2
Adams Diversified Equity Fund
Maryland
$55.9M +$1.22M +56,682 +2%
Morgan Stanley
3
Morgan Stanley
New York
$21.3M +$1.36M +63,180 +7%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$11.3M -$43.1K -2,003 -0.4%
Lazard Asset Management
5
Lazard Asset Management
New York
$11.1M -$23.9K -1,109 -0.2%
PCM
6
Penserra Capital Management
California
$6.53M +$598K +27,784 +10%
Pathstone Holdings
7
Pathstone Holdings
New Jersey
$5.51M -$233K -10,843 -4%
Raymond James Financial
8
Raymond James Financial
Florida
$4.93M +$123K +5,738 +3%
BW
9
Basepoint Wealth
Iowa
$3.63M -$41.4K -1,923 -1%
IFO
10
Intrepid Family Office
Florida
$3.33M +$72.7K +3,379 +2%
Cohen & Steers
11
Cohen & Steers
New York
$3.26M – – –
Verition Fund Management
12
Verition Fund Management
Connecticut
$3.24M +$70.7K +3,284 +2%
Bank of America
13
Bank of America
North Carolina
$2.68M +$7.34K +341 +0.3%
BBPWM
14
Blue Bell Private Wealth Management
Pennsylvania
$2.52M +$64.2K +2,983 +3%
Capstone Investment Advisors
15
Capstone Investment Advisors
New York
$2.47M – – –
FC
16
FCA Corp
Texas
$2.45M -$311K -14,438 -11%
CL
17
CSS LLC
Illinois
$2.16M -$297K -13,821 -12%
WCM
18
Whitener Capital Management
North Carolina
$1.9M +$216K +10,057 +13%
NSAM
19
North Star Asset Management
Wisconsin
$1.9M -$18.6K -863 -1%
AAM
20
Advisors Asset Management
Colorado
$1.7M +$233K +10,847 +16%
First Trust Advisors
21
First Trust Advisors
Illinois
$1.55M -$21.7K -1,010 -1%
LPL Financial
22
LPL Financial
California
$1.48M +$137K +6,386 +10%
DADC
23
D.A. Davidson & Co
Montana
$1.48M +$40.4K +1,875 +3%
SI
24
Sprott Inc
Ontario, Canada
$1.47M +$149K +6,910 +11%
UPS
25
UHLMANN PRICE SECURITIES
Illinois
$1.44M +$34.7K +1,612 +2%
1
2 3 4

PEO Hedge Fund Activity: Q4 2025 in Review

86 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Adams Natural Resources Fund (PEO) for Q4 2025, worth a combined $237M — up 1.8% from $233M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of PEO and 7 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 40 added.

The largest buyer was Morgan Stanley, adding an estimated $1.36M. The largest seller was Wolverine Asset Management, cutting an estimated $2.36M.

  • 86 institutional investors held Adams Natural Resources Fund (PEO) as of Q4 2025, down from 87 in Q3 2025.
  • Funds reported $237M of Adams Natural Resources Fund stock for Q4 2025, up 1.8% quarter-over-quarter.
  • 7 funds opened new Adams Natural Resources Fund positions in Q4 2025 and 8 closed out, a net change of -1 holder.
  • The largest Adams Natural Resources Fund buyer in Q4 2025 was Morgan Stanley, an estimated $1.36M added.
  • The largest Adams Natural Resources Fund seller in Q4 2025 was Wolverine Asset Management, an estimated $2.36M sold.

Based on aggregated 13F filings for Q4 2025.