ADAMS ASSET ADVISORS, LLC

Filed: 1/13/2023ACC: 0001386929-23-000002

📋 What this filing means

ADAMS ASSET ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 85 equity positions with a total reported market value of $745.73M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$745.73M

Total AUM (reported)

21.05M

Total Shares

Allocation by class

COM$720.64M96.6%

*W EXP 08/03/2027$19.58M2.6%

SHS$2.09M0.3%

COM NEW$1.19M0.2%

COM CL A$1.06M0.1%

CUM CONV PFD A$940.5K0.1%

CL B NEW$229.8K0.0%

Portfolio Concentration

Top 3$341.22M45.8%

4–10$101.70M13.6%

11–25$149.69M20.1%

Rest$153.12M20.5%

Top 3 weight

45.8%

Top 10 weight

59.4%

Voting Authority Distribution

Total shares with voting rights: 21.05M

Sole

Full voting authority

9.83M

% of voting shares46.7%

Shared

Joint voting authority

1.41M

% of voting shares6.7%

None

No voting authority

9.82M

% of voting shares46.6%

Investment Discretion (by position count)

Sole85

Shared0

Other0

Dominant voting typeSole · 46.7% of voting shares

Institutional Holdings85

Rows:

OCCIDENTAL PETROL CORP

SOLE

COM

Shares3.64M

TypeSH

Market value$229.29M

30.75%

Sole

2.09M

Shared

0.00

None

1.55M

CALUMET SPECIALTY PROD

SOLE

COM

Shares5.44M

TypeSH

Market value$91.85M

12.32%

Sole

4.03M

Shared

1.41M

None

0.00

DORCHESTER MINERALS LP

SOLE

COM

Shares670.59K

TypeSH

Market value$20.07M

2.69%

Sole

146.71K

Shared

0.00

None

523.89K

OCCIDENTAL PETE CORP WTS EXP 08/03/2027

SOLE

*W EXP 08/03/2027

Shares474.85K

TypeSH

Market value$19.58M

2.63%

Sole

254.43K

Shared

0.00

None

220.43K

ENERGY TRANSFER LP

SOLE

COM

Shares1.41M

TypeSH

Market value$16.73M

2.24%

Sole

576.15K

Shared

0.00

None

833.45K

APPLE INC

SOLE

COM

Shares115.60K

TypeSH

Market value$15.02M

2.01%

Sole

6.99K

Shared

0.00

None

108.61K

CHEVRON CORP

SOLE

COM

Shares73.82K

TypeSH

Market value$13.25M

1.78%

Sole

0.00

Shared

0.00

None

73.82K

SUNOCO LP

SOLE

COM

Shares300.09K

TypeSH

Market value$12.93M

1.73%

Sole

115.33K

Shared

0.00

None

184.76K

ABBVIE

SOLE

COM

Shares74.87K

TypeSH

Market value$12.10M

1.62%

Sole

12.94K

Shared

0.00

None

61.93K

IBM CORP

SOLE

COM

Shares85.76K

TypeSH

Market value$12.08M

1.62%

Sole

12.12K

Shared

0.00

None

73.64K

AMGEN INC

SOLE

COM

Shares45.92K

TypeSH

Market value$12.06M

1.62%

Sole

6.49K

Shared

0.00

None

39.43K

CUMMINS INC

SOLE

COM

Shares49.66K

TypeSH

Market value$12.03M

1.61%

Sole

7.57K

Shared

0.00

None

42.09K

KIMBERLY-CLARK CORP

SOLE

COM

Shares84.29K

TypeSH

Market value$11.44M

1.53%

Sole

12.11K

Shared

0.00

None

72.18K

AT&T

SOLE

COM

Shares606.07K

TypeSH

Market value$11.16M

1.50%

Sole

74.55K

Shared

0.00

None

531.52K

KRAFT HEINZ CO

SOLE

COM

Shares260.93K

TypeSH

Market value$10.62M

1.42%

Sole

35.51K

Shared

0.00

None

225.42K

PFIZER INC

SOLE

COM

Shares200.90K

TypeSH

Market value$10.29M

1.38%

Sole

25.94K

Shared

0.00

None

174.96K

ALTRIA GROUP INC

SOLE

COM

Shares220.15K

TypeSH

Market value$10.06M

1.35%

Sole

26.45K

Shared

0.00

None

193.70K

NUSTAR ENERGY LP

SOLE

COM

Shares626.65K

TypeSH

Market value$10.03M

1.34%

Sole

209.61K

Shared

0.00

None

417.03K

UNIVERSAL CORP VA

SOLE

COM

Shares184.85K

TypeSH

Market value$9.76M

1.31%

Sole

26.69K

Shared

0.00

None

158.16K

VALERO ENERGY CORP NEW

SOLE

COM

Shares71.86K

TypeSH

Market value$9.12M

1.22%

Sole

10.68K

Shared

0.00

None

61.17K

PRUDENTIAL FINL

SOLE

COM

Shares90.15K

TypeSH

Market value$8.97M

1.20%

Sole

12.57K

Shared

0.00

None

77.59K

PLAINS ALL AMERICAN PIPELINE LP

SOLE

COM

Shares746.65K

TypeSH

Market value$8.78M

1.18%

Sole

206.55K

Shared

0.00

None

540.10K

WALMART INC

SOLE

COM

Shares61.43K

TypeSH

Market value$8.71M

1.17%

Sole

8.27K

Shared

0.00

None

53.16K

VERIZON COMMUNICATIONS

SOLE

COM

Shares211.63K

TypeSH

Market value$8.34M

1.12%

Sole

31.39K

Shared

0.00

None

180.24K

INTEL CORP

SOLE

COM

Shares314.94K

TypeSH

Market value$8.32M

1.12%

Sole

48.22K

Shared

0.00

None

266.71K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
OCCIDENTAL PETROL CORPSOLE	COM	3.64M	SH	$229.29M 30.75%	2.09M	0.00	1.55M
CALUMET SPECIALTY PRODSOLE	COM	5.44M	SH	$91.85M 12.32%	4.03M	1.41M	0.00
DORCHESTER MINERALS LPSOLE	COM	670.59K	SH	$20.07M 2.69%	146.71K	0.00	523.89K
OCCIDENTAL PETE CORP WTS EXP 08/03/2027SOLE	*W EXP 08/03/2027	474.85K	SH	$19.58M 2.63%	254.43K	0.00	220.43K
ENERGY TRANSFER LPSOLE	COM	1.41M	SH	$16.73M 2.24%	576.15K	0.00	833.45K
APPLE INCSOLE	COM	115.60K	SH	$15.02M 2.01%	6.99K	0.00	108.61K
CHEVRON CORPSOLE	COM	73.82K	SH	$13.25M 1.78%	0.00	0.00	73.82K
SUNOCO LPSOLE	COM	300.09K	SH	$12.93M 1.73%	115.33K	0.00	184.76K
ABBVIESOLE	COM	74.87K	SH	$12.10M 1.62%	12.94K	0.00	61.93K
IBM CORPSOLE	COM	85.76K	SH	$12.08M 1.62%	12.12K	0.00	73.64K
AMGEN INCSOLE	COM	45.92K	SH	$12.06M 1.62%	6.49K	0.00	39.43K
CUMMINS INCSOLE	COM	49.66K	SH	$12.03M 1.61%	7.57K	0.00	42.09K
KIMBERLY-CLARK CORPSOLE	COM	84.29K	SH	$11.44M 1.53%	12.11K	0.00	72.18K
AT&TSOLE	COM	606.07K	SH	$11.16M 1.50%	74.55K	0.00	531.52K
KRAFT HEINZ COSOLE	COM	260.93K	SH	$10.62M 1.42%	35.51K	0.00	225.42K
PFIZER INCSOLE	COM	200.90K	SH	$10.29M 1.38%	25.94K	0.00	174.96K
ALTRIA GROUP INCSOLE	COM	220.15K	SH	$10.06M 1.35%	26.45K	0.00	193.70K
NUSTAR ENERGY LPSOLE	COM	626.65K	SH	$10.03M 1.34%	209.61K	0.00	417.03K
UNIVERSAL CORP VASOLE	COM	184.85K	SH	$9.76M 1.31%	26.69K	0.00	158.16K
VALERO ENERGY CORP NEWSOLE	COM	71.86K	SH	$9.12M 1.22%	10.68K	0.00	61.17K
PRUDENTIAL FINLSOLE	COM	90.15K	SH	$8.97M 1.20%	12.57K	0.00	77.59K
PLAINS ALL AMERICAN PIPELINE LPSOLE	COM	746.65K	SH	$8.78M 1.18%	206.55K	0.00	540.10K
WALMART INCSOLE	COM	61.43K	SH	$8.71M 1.17%	8.27K	0.00	53.16K
VERIZON COMMUNICATIONSSOLE	COM	211.63K	SH	$8.34M 1.12%	31.39K	0.00	180.24K
INTEL CORPSOLE	COM	314.94K	SH	$8.32M 1.12%	48.22K	0.00	266.71K

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