13F 申報指南13F 觀念全攻略
什麼是 SEC Form 13F 申報？美股機構大戶持股全攻略
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
AlphaSMO 權威研究指南閱讀專題
CIK: 0000216851
申報總市值
US$7.6億
US$7.6億
55 檔
44.3%
Q4 2025 季度申報顯示，Adams Natural Resources Fund, Inc. 揭露的美股組合總市值為 US$7.6億，涵蓋 55 個不同之權益投資部位。
Adams Natural Resources Fund, Inc. 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 24 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
整體而言，Adams Natural Resources Fund, Inc. 的前 5 大持股（包含 XOM, CVX, COP）貢獻了組合市值的 44.3%，形成該機構在 Q4 2025 季度的基本面基石。
| # | 代號 | 標的名稱 | 資產子類別 | 佔比 | 佔比變動 | 持倉量變化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | XOM | Exxon Mobil CORP | 股票-能源 | 24.06% | -26.25% | EXIT | |
| 2 | CVX | Chevron CORP | 股票-能源 | 14.42% | -1.99% | -1.42% | |
| 3 | COP | Conocophillips | 股票-能源 | 5.36% | +0.28% | -15.67% | |
| 4 | WMB | Williams Cos Inc | 股票-能源 | 3.97% | +0.28% | +24.43% | |
| 5 | LIN | Linde plc | 股票-原物料 | 3.47% | +0.56% | -12.68% | |
| 6 | PSX | Phillips 66 | 股票-能源 | 3.04% | -0.15% | -2.51% | |
| 7 | KMI | Kinder Morgan, Inc. | 股票-能源 | 2.87% | +0.12% | -1.09% | |
| 8 | BKR | Baker Hughes Co | 股票-能源 | 2.60% | +0.03% | — | |
| 9 | MPC | Marathon Petroleum CORP | 股票-能源 | 2.28% | +0.27% | -17.69% | |
| 10 | EOG | Eog Resources Inc | 股票-能源 | 2.25% | +0.01% | — | |
| 11 | VLO | Valero Energy CORP | 股票-能源 | 2.17% | +1.16% | -1.12% | |
| 12 | EQT | Eqt CORP | 股票-能源 | 2.13% | -0.58% | +19.09% | |
| 13 | SLB | Slb LTD | 股票-能源 | 1.96% | +0.05% | -5.29% | |
| 14 | NEM | Newmont CORP | 股票-原物料 | 1.94% | -0.14% | +2.47% | |
| 15 | TRGP | Targa Resources CORP | 股票-能源 | 1.94% | +0.53% | +66.83% | |
| 16 | OKE | Oneok Inc | 股票-能源 | 1.86% | +0.11% | -1.13% | |
| 17 | FANG | Diamondback Energy Inc | 股票-能源 | 1.81% | +0.23% | +123.94% | |
| 18 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 1.80% | +0.33% | +4.95% | |
| 19 | ECL | Ecolab Inc | 股票-原物料 | 1.69% | +0.18% | -4.50% | |
| 20 | DVN | Devon Energy CORP | 股票-能源 | 1.66% | -0.75% | -0.07% | |
| 21 | NUE | Nucor CORP | 股票-原物料 | 1.29% | +0.24% | -3.70% | |
| 22 | CRH | CRH plc | 股票-原物料 | 1.21% | +0.02% | — | |
| 23 | VMC | Vulcan Materials Co | 股票-原物料 | 1.20% | +0.20% | +4.14% | |
| 24 | OXY | Occidental Petroleum CORP | 股票-能源 | 1.19% | +0.70% | -23.88% | |
| 25 | SHW | Sherwin-williams Co/the | 股票-原物料 | 1.18% | +0.62% | -4.37% | |
| 26 | HAL | Halliburton Co | 股票-能源 | 1.18% | +0.01% | +73.76% | |
| 27 | EXE | Expand Energy CORP | 股票-能源 | 0.78% | +0.47% | — | |
| 28 | APD | Air Products & Chemicals Inc | 股票-原物料 | 0.68% | +0.09% | -12.14% | |
| 29 | CTVA | Corteva Inc | 股票-原物料 | 0.59% | +0.08% | -36.98% | |
| 30 | CVE | Cenovus Energy Inc | 股票-能源 | 0.59% | -0.65% | EXIT | |
| 31 | TPL | Texas Pacific Land CORP | 股票-能源 | 0.58% | +0.04% | +159.22% | |
| 32 | CF | Cf Industries Holdings Inc | 股票-原物料 | 0.55% | -0.09% | -9.70% | |
| 33 | MLM | Martin Marietta Materials | 股票-原物料 | 0.51% | -0.03% | — | |
| 34 | CTRA | Coterra Energy Inc | 股票-能源 | 0.48% | -0.49% | EXIT | |
| 35 | 6D8 | Dupont De Nemours Inc | 股票-其他 | 0.48% | -0.42% | EXIT | |
| 36 | CCK | Crown Holdings Inc | 股票-循環性消費 | 0.46% | -0.34% | EXIT | |
| 37 | FTI | TechnipFMC plc | 股票-能源 | 0.42% | +0.03% | — | |
| 38 | STLD | Steel Dynamics Inc | 股票-原物料 | 0.28% | +0.10% | — | |
| 39 | PPG | Ppg Industries Inc | 股票-原物料 | 0.28% | +0.07% | — | |
| 40 | CNQ | Canadian Natural Resources | 股票-能源 | 0.26% | — | -47.22% | |
| 41 | CCJ | Cameco CORP | 股票-能源 | 0.25% | +0.01% | — | |
| 42 | IP | International Paper Co | 股票-循環性消費 | 0.24% | +0.03% | — | |
| 43 | SW | Smurfit Westrock Plc | 股票-循環性消費 | 0.24% | +0.06% | — | |
| 44 | PKG | Packaging CORP Of America | 股票-循環性消費 | 0.23% | -0.14% | — | |
| 45 | AMCR | Amcor plc | 股票-循環性消費 | 0.22% | — | -11.20% | |
| 46 | APA | Apa CORP | 股票-能源 | 0.21% | -0.04% | — | |
| 47 | IFF | Intl Flavors & Fragrances | 股票-原物料 | 0.21% | +0.52% | — | |
| 48 | DOW | Dow Inc | 股票-原物料 | 0.19% | -0.07% | -17.20% | |
| 49 | ALB | Albemarle CORP | 股票-原物料 | 0.15% | -0.02% | — | |
| 50 | AVY | Avery Dennison CORP | 股票-循環性消費 | 0.15% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | XOM | Exxon Mobil CORP | +1.8% | +1.28% | 加碼 |
| 2 | FANG | Diamondback Energy Inc | +1% | +123.94% | 加碼 |
| 3 | TRGP | Targa Resources CORP | +0.9% | +66.83% | 加碼 |
| 4 | WMB | Williams Cos Inc | +0.6% | +24.43% | 加碼 |
| 5 | HAL | Halliburton Co | +0.6% | +73.76% | 加碼 |
| 6 | FCX | Freeport-mcmoran Inc | +0.5% | +4.95% | 加碼 |
| 7 | NEM | Newmont CORP | +0.3% | +2.47% | 加碼 |
| 8 | EQT | Eqt CORP | +0.3% | +19.09% | 加碼 |
| 9 | NUE | Nucor CORP | +0.2% | -3.70% | 減碼 |
| 10 | SLB | Slb LTD | +0.1% | -5.29% | 減碼 |
| 11 | DVN | Devon Energy CORP | +0.1% | -0.07% | 減碼 |
| 12 | ALB | Albemarle CORP | +0.1% | — | 不變 |
| 13 | STLD | Steel Dynamics Inc | +0.1% | — | 不變 |
| 14 | CTRA | Coterra Energy Inc | +0.1% | — | 不變 |
| 15 | FTI | TechnipFMC plc | 0% | — | 不變 |
| 16 | EXE | Expand Energy CORP | 0% | — | 不變 |
| 17 | IFF | Intl Flavors & Fragrances | 0% | — | 不變 |
| 18 | AVY | Avery Dennison CORP | 0% | — | 不變 |
| 19 | AMCR | Amcor plc | 0% | -11.20% | 減碼 |
| 20 | DOW | Dow Inc | 0% | -17.20% | 減碼 |
| 21 | MOS | Mosaic Co/the | 0% | — | 不變 |
| 22 | SW | Smurfit Westrock Plc | 0% | — | 不變 |
| 23 | VMC | Vulcan Materials Co | 0% | +4.14% | 加碼 |
| 24 | LYB | LyondellBasell Industries N.V. | -0.1% | -24.27% | 減碼 |
| 25 | BALL | Ball CORP | -0.1% | -30.04% | 減碼 |
| 26 | IP | International Paper Co | -0.1% | — | 不變 |
| 27 | KMI | Kinder Morgan, Inc. | -0.1% | -1.09% | 減碼 |
| 28 | VLO | Valero Energy CORP | -0.1% | -1.12% | 減碼 |
| 29 | SHW | Sherwin-williams Co/the | -0.1% | -4.37% | 減碼 |
| 30 | ECL | Ecolab Inc | -0.2% | -4.50% | 減碼 |
| 31 | CF | Cf Industries Holdings Inc | -0.2% | -9.70% | 減碼 |
| 32 | EOG | Eog Resources Inc | -0.2% | — | 不變 |
| 33 | TPL | Texas Pacific Land CORP | -0.2% | +159.22% | 加碼 |
| 34 | APD | Air Products & Chemicals Inc | -0.2% | -12.14% | 減碼 |
| 35 | BKR | Baker Hughes Co | -0.2% | — | 不變 |
| 36 | CNQ | Canadian Natural Resources | -0.2% | -47.22% | 減碼 |
| 37 | PSX | Phillips 66 | -0.3% | -2.51% | 減碼 |
| 38 | CTVA | Corteva Inc | -0.4% | -36.98% | 減碼 |
| 39 | 6D8 | Dupont De Nemours Inc | -0.5% | — | 不變 |
| 40 | CVX | Chevron CORP | -0.5% | -1.42% | 減碼 |
| 41 | OXY | Occidental Petroleum CORP | -0.6% | -23.88% | 減碼 |
| 42 | LIN | Linde plc | -1% | -12.68% | 減碼 |
| 43 | MPC | Marathon Petroleum CORP | -1% | -17.69% | 減碼 |
| 44 | COP | Conocophillips | -1.1% | -15.67% | 減碼 |
| 45 | CRH | CRH plc | — | NEW | 新建倉 |
| 46 | LNG | Cheniere Energy Inc | — | EXIT | 清倉 |
| 47 | OVV | Ovintiv Inc | — | EXIT | 清倉 |
| 48 | CCJ | Cameco CORP | — | NEW | 新建倉 |
| 49 | EOSE | Eos Energy Enterprises Inc | — | NEW | 新建倉 |
| 50 | EMN | Eastman Chemical Co | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Adams Natural Resources Fund, Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$7.6億，共申報了 55 個公開持股部位。
在 Q4 2025 季度，Adams Natural Resources Fund, Inc. 按市值排列的前三大核心持股分別為：XOM (24.1%)、CVX (14.4%)、COP (5.4%)。其中最大持股部位 XOM 佔據整體投資組合約 24.1% 的權重。
精選 AlphaSMO 大戶持股與內部人交易深度分析，提升投資決策勝率
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
本季最大新建倉標的
CRH
市值: US$798.7萬
本季最大獲利了結 / 清倉標的
LNG
前期市值: US$413.6萬
在 Q4 2025 季度中，Adams Natural Resources Fund, Inc. 共進行了 37 項持倉異動，包含新建倉 3 個部位、加碼 10 個部位、減碼 21 個部位以及清倉 3 個部位。 其中最大新建倉標的為 CRH。 本季清倉部位包含 LNG。
本頁面所有持股數據均直接同步自美國證券交易委員會（SEC）EDGAR 官方系統之 13F-HR / 13F-HR/A 季度申報文件。AlphaSMO 透過機器解析 CUSIP 與個股對照，提供 100% 精準對齊的歷史時序數據集，並支援 Schema.org 結構化資料格式。
解析公司高管、董事與 10% 大股東之 Form 4 內部人交易申報，掌握高管自家股票買賣第一手訊號。
深入剖析 5% 股益申報門檻、13D 與 13G 之差異，以及最新 SEC 申報時程規範，洞察機構法人的激進投資動向。