Filed: 10/11/2023ACC: 0001386929-23-000005
📋 What this filing means
ADAMS ASSET ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 77 equity positions with a total reported market value of $745.44M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
77
Positions
$745.44M
Total AUM (reported)
20.99M
Total Shares
Allocation by class
COM$719.10M96.5%
*W EXP 08/03/2027$20.27M2.7%
CUM CONV PFD A$2.10M0.3%
SHS$1.79M0.2%
COM CL A$1.00M0.1%
COM NEW$925.9K0.1%
CL B NEW$260.6K0.0%
Portfolio Concentration
Top 3$358.84M48.1%
4–10$109.14M14.6%
11–25$150.00M20.1%
Rest$127.46M17.1%
Top 3 weight
48.1%
Top 10 weight
62.8%
Voting Authority Distribution
Total shares with voting rights: 22.71M
Sole
Full voting authority
9.19M
shares
% of voting shares40.5%
Shared
Joint voting authority
1.72M
shares
% of voting shares7.6%
None
No voting authority
11.79M
shares
% of voting shares51.9%
Investment Discretion (by position count)
Sole77
Shared0
Other0
Dominant voting typeNone · 51.9% of voting shares
Institutional Holdings77
Rows:
OCCIDENTAL PETROL CORP
SOLEShares3.61M
TypeSH
Market value$234.47M
31.45%
Sole
2.21M
Shared
0.00
None
1.41M
CALUMET SPECIALTY PROD
SOLEShares5.44M
TypeSH
Market value$103.93M
13.94%
Sole
3.72M
Shared
1.72M
None
1.72M
ENERGY TRANSFER LP
SOLEShares1.46M
TypeSH
Market value$20.43M
2.74%
Sole
485.04K
Shared
0.00
None
971.42K
OCCIDENTAL PETE CORP WTS EXP 08/03/2027
SOLEShares468.58K
TypeSH
Market value$20.27M
2.72%
Sole
354.43K
Shared
0.00
None
114.16K
DORCHESTER MINERALS LP
SOLEShares632.72K
TypeSH
Market value$18.38M
2.47%
Sole
146.71K
Shared
0.00
None
486.02K
APPLE INC
SOLEShares99.37K
TypeSH
Market value$17.01M
2.28%
Sole
0.00
Shared
0.00
None
99.37K
SUNOCO LP
SOLEShares313.44K
TypeSH
Market value$15.34M
2.06%
Sole
88K
Shared
0.00
None
225.44K
VERIZON COMMUNICATIONS
SOLEShares423.46K
TypeSH
Market value$13.72M
1.84%
Sole
63.27K
Shared
0.00
None
360.19K
HF SINCLAIR CORP
SOLEShares216.85K
TypeSH
Market value$12.35M
1.66%
Sole
20.85K
Shared
0.00
None
196K
PLAINS ALL AMERICAN PIPELINE LP
SOLEShares787.42K
TypeSH
Market value$12.06M
1.62%
Sole
146.46K
Shared
0.00
None
640.96K
NUSTAR ENERGY LP
SOLEShares675.20K
TypeSH
Market value$11.78M
1.58%
Sole
180K
Shared
0.00
None
495.20K
CHEVRON CORP
SOLEShares69.50K
TypeSH
Market value$11.72M
1.57%
Sole
0.00
Shared
0.00
None
69.50K
IBM CORP
SOLEShares80.59K
TypeSH
Market value$11.31M
1.52%
Sole
12.12K
Shared
0.00
None
68.47K
AMGEN INC
SOLEShares41.15K
TypeSH
Market value$11.06M
1.48%
Sole
4.77K
Shared
0.00
None
36.38K
INTEL CORP
SOLEShares306.59K
TypeSH
Market value$10.90M
1.46%
Sole
48.22K
Shared
0.00
None
258.37K
ABBVIE
SOLEShares70.94K
TypeSH
Market value$10.57M
1.42%
Sole
12.94K
Shared
0.00
None
58K
ALTRIA GROUP INC
SOLEShares249.61K
TypeSH
Market value$10.50M
1.41%
Sole
60.45K
Shared
0.00
None
189.16K
VALERO ENERGY CORP NEW
SOLEShares73.15K
TypeSH
Market value$10.37M
1.39%
Sole
10.68K
Shared
0.00
None
62.46K
KIMBERLY-CLARK CORP
SOLEShares78.18K
TypeSH
Market value$9.45M
1.27%
Sole
12.11K
Shared
0.00
None
66.07K
BANK OF AMERICA
SOLEShares344.19K
TypeSH
Market value$9.42M
1.26%
Sole
35.28K
Shared
0.00
None
308.91K
WESTERN MIDSTREAM PARTNERS LP
SOLEShares331.38K
TypeSH
Market value$9.02M
1.21%
Sole
40.91K
Shared
0.00
None
290.48K
CISCO SYSTEMS INC
SOLEShares167.69K
TypeSH
Market value$9.02M
1.21%
Sole
30.20K
Shared
0.00
None
137.49K
KRAFT HEINZ CO
SOLEShares250.07K
TypeSH
Market value$8.41M
1.13%
Sole
35.51K
Shared
0.00
None
214.56K
UNIVERSAL CORP VA
SOLEShares174.65K
TypeSH
Market value$8.25M
1.11%
Sole
26.69K
Shared
0.00
None
147.96K
CUMMINS INC
SOLEShares36.03K
TypeSH
Market value$8.23M
1.10%
Sole
7.57K
Shared
0.00
None
28.46K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
OCCIDENTAL PETROL CORPSOLE | COM | 3.61M | SH | $234.47M 31.45% | 2.21M | 0.00 | 1.41M |
CALUMET SPECIALTY PRODSOLE | COM | 5.44M | SH | $103.93M 13.94% | 3.72M | 1.72M | 1.72M |
ENERGY TRANSFER LPSOLE | COM | 1.46M | SH | $20.43M 2.74% | 485.04K | 0.00 | 971.42K |
OCCIDENTAL PETE CORP WTS EXP 08/03/2027SOLE | *W EXP 08/03/2027 | 468.58K | SH | $20.27M 2.72% | 354.43K | 0.00 | 114.16K |
DORCHESTER MINERALS LPSOLE | COM | 632.72K | SH | $18.38M 2.47% | 146.71K | 0.00 | 486.02K |
APPLE INCSOLE | COM | 99.37K | SH | $17.01M 2.28% | 0.00 | 0.00 | 99.37K |
SUNOCO LPSOLE | COM | 313.44K | SH | $15.34M 2.06% | 88K | 0.00 | 225.44K |
VERIZON COMMUNICATIONSSOLE | COM | 423.46K | SH | $13.72M 1.84% | 63.27K | 0.00 | 360.19K |
HF SINCLAIR CORPSOLE | COM | 216.85K | SH | $12.35M 1.66% | 20.85K | 0.00 | 196K |
PLAINS ALL AMERICAN PIPELINE LPSOLE | COM | 787.42K | SH | $12.06M 1.62% | 146.46K | 0.00 | 640.96K |
NUSTAR ENERGY LPSOLE | COM | 675.20K | SH | $11.78M 1.58% | 180K | 0.00 | 495.20K |
CHEVRON CORPSOLE | COM | 69.50K | SH | $11.72M 1.57% | 0.00 | 0.00 | 69.50K |
IBM CORPSOLE | COM | 80.59K | SH | $11.31M 1.52% | 12.12K | 0.00 | 68.47K |
AMGEN INCSOLE | COM | 41.15K | SH | $11.06M 1.48% | 4.77K | 0.00 | 36.38K |
INTEL CORPSOLE | COM | 306.59K | SH | $10.90M 1.46% | 48.22K | 0.00 | 258.37K |
ABBVIESOLE | COM | 70.94K | SH | $10.57M 1.42% | 12.94K | 0.00 | 58K |
ALTRIA GROUP INCSOLE | COM | 249.61K | SH | $10.50M 1.41% | 60.45K | 0.00 | 189.16K |
VALERO ENERGY CORP NEWSOLE | COM | 73.15K | SH | $10.37M 1.39% | 10.68K | 0.00 | 62.46K |
KIMBERLY-CLARK CORPSOLE | COM | 78.18K | SH | $9.45M 1.27% | 12.11K | 0.00 | 66.07K |
BANK OF AMERICASOLE | COM | 344.19K | SH | $9.42M 1.26% | 35.28K | 0.00 | 308.91K |
WESTERN MIDSTREAM PARTNERS LPSOLE | COM | 331.38K | SH | $9.02M 1.21% | 40.91K | 0.00 | 290.48K |
CISCO SYSTEMS INCSOLE | COM | 167.69K | SH | $9.02M 1.21% | 30.20K | 0.00 | 137.49K |
KRAFT HEINZ COSOLE | COM | 250.07K | SH | $8.41M 1.13% | 35.51K | 0.00 | 214.56K |
UNIVERSAL CORP VASOLE | COM | 174.65K | SH | $8.25M 1.11% | 26.69K | 0.00 | 147.96K |
CUMMINS INCSOLE | COM | 36.03K | SH | $8.23M 1.10% | 7.57K | 0.00 | 28.46K |
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