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ADAM NAT RES FD INC
ADAM NAT RES FD INC. Institutional holdings reported to the SEC.

Institutional Holders (2016Q1)
Portfolio Summary: 65 Institutional holders with a total value of $96,273,664.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 Advisory Services Network, LLC 18 0 0.00%
2 Ipswich Investment Management Co., Inc. 7 0 0.00%
3 WHITTIER TRUST CO 120 2,000 0.00%
4 CUTLER GROUP LLC / CA 209 3,000 0.00%
5 Hartford Financial Management Inc. 270 4,000 0.00%
6 US BANCORP \DE\ 272 5,000 0.01%
7 PITTENGER & ANDERSON INC 300 5,000 0.01% PRN
8 JFS WEALTH ADVISORS, LLC 348 6,000 0.01%
9 MassMutual Private Wealth & Trust, FSB 426 7,664 0.01%
10 Formidable Asset Management, LLC 668 12,000 0.01%
11 JPMORGAN CHASE & CO 690 12,000 0.01%
12 BENJAMIN F. EDWARDS & COMPANY, INC. 672 12,000 0.01%
13 Tower Research Capital LLC (TRC) 742 13,000 0.01%
14 FineMark National Bank & Trust 790 14,000 0.01%
15 Carroll Financial Associates, Inc. 842 15,000 0.02%
16 THRIVENT FINANCIAL FOR LUTHERANS 876 16,000 0.02%
17 BANK OF MONTREAL /CAN/ 950 17,000 0.02%
18 WHITTIER TRUST CO OF NEVADA INC 1,145 21,000 0.02%
19 FIFTH THIRD BANCORP 1,227 22,000 0.02%
20 CITIGROUP INC 1,977 35,000 0.04%
21 COUNTRY TRUST BANK 3,355 60,000 0.06%
22 SIGNATUREFD, LLC 3,589 65,000 0.07%
23 SIMPLEX TRADING, LLC 4,388 78,000 0.08%
24 TRUST DEPARTMENT MB FINANCIAL BANK N A 4,932 87,000 0.09%
25 PNC FINANCIAL SERVICES GROUP, INC. 7,722 139,000 0.14%
26 D.A. DAVIDSON & CO. 7,884 141,000 0.15%
27 GENEOS WEALTH MANAGEMENT INC. 9,431 168,000 0.17%
28 SALEM INVESTMENT COUNSELORS INC 10,592 191,000 0.20%
29 BAIRD FINANCIAL GROUP, INC. 11,549 208,000 0.22%
30 Cetera Advisor Networks LLC 12,674 226,000 0.23%
31 AMERICAN INTERNATIONAL GROUP, INC. 12,903 232,000 0.24%
32 VICUS CAPITAL 13,098 236,000 0.25%
33 SII INVESTMENTS INC/WI 13,244 238,000 0.25%
34 Creative Planning 13,288 239,000 0.25%
35 TFS CAPITAL LLC 13,334 240,000 0.25%
36 Gramercy Funds Management LLC 15,535 279,000 0.29%
37 GUGGENHEIM CAPITAL LLC 15,516 280,000 0.29%
38 MSI Financial Services Inc 15,660 282,000 0.29%
39 KELMAN-LAZAROV, INC. 18,397 329,000 0.34%
40 Nuveen Asset Management, LLC 28,000 504,000 0.52%
41 LADENBURG THALMANN FINANCIAL SERVICES INC. 31,329 563,000 0.58%
42 GEODE CAPITAL MANAGEMENT, LLC 32,653 587,000 0.61% PRN
43 HL FINANCIAL SERVICES LLC 38,732 697,000 0.72%
44 CSS LLC/IL 40,419 727,000 0.76%
45 DESCHUTES PORTFOLIO STRATEGY, LLC 47,609 856,000 0.89%
46 DOLIVER ADVISORS, LP 55,932 1,006,000 1.04%
47 CORNERSTONE ADVISORS INC 56,689 1,020,000 1.06%
48 LAZARD ASSET MANAGEMENT LLC 60,000 1,079,000 1.12%
49 BANK OF AMERICA CORP /DE/ 64,477 1,160,000 1.20%
50 Raymond James Financial Services Advisors, Inc. 74,867 1,347,000 1.40%
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From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.