Filed: 4/9/2024ACC: 0001386929-24-000005
📋 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 $773.10M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
77
Positions
$773.10M
Total AUM (reported)
21.49M
Total Shares
Allocation by class
COM$747.06M96.6%
*W EXP 08/03/2027$20.20M2.6%
CUM CONV PFD A$2.52M0.3%
SHS$1.84M0.2%
COM NEW$734.6K0.1%
COM CL A$439.3K0.1%
CL B NEW$312.9K0.0%
Portfolio Concentration
Top 3$336.83M43.6%
4–10$119.63M15.5%
11–25$171.92M22.2%
Rest$144.72M18.7%
Top 3 weight
43.6%
Top 10 weight
59.0%
Voting Authority Distribution
Total shares with voting rights: 23.22M
Sole
Full voting authority
8.74M
shares
% of voting shares37.6%
Shared
Joint voting authority
1.73M
shares
% of voting shares7.4%
None
No voting authority
12.75M
shares
% of voting shares54.9%
Investment Discretion (by position count)
Sole77
Shared0
Other0
Dominant voting typeNone · 54.9% of voting shares
Institutional Holdings77
Rows:
OCCIDENTAL PETROL CORP
SOLEShares3.58M
TypeSH
Market value$232.92M
30.13%
Sole
1.58M
Shared
0.00
None
2M
CALUMET SPECIALTY PROD
SOLEShares5.45M
TypeSH
Market value$81.00M
10.48%
Sole
3.72M
Shared
1.73M
None
1.73M
ENERGY TRANSFER LP
SOLEShares1.46M
TypeSH
Market value$22.91M
2.96%
Sole
485.04K
Shared
0.00
None
971.42K
DORCHESTER MINERALS LP
SOLEShares628.18K
TypeSH
Market value$21.18M
2.74%
Sole
146.71K
Shared
0.00
None
481.48K
OCCIDENTAL PETE CORP WTS EXP 08/03/2027
SOLEShares468.58K
TypeSH
Market value$20.20M
2.61%
Sole
254.43K
Shared
0.00
None
214.16K
SUNOCO LP
SOLEShares313.44K
TypeSH
Market value$18.90M
2.44%
Sole
88K
Shared
0.00
None
225.44K
APPLE INC
SOLEShares97.32K
TypeSH
Market value$16.69M
2.16%
Sole
0.00
Shared
0.00
None
97.32K
NUSTAR ENERGY LP
SOLEShares675.20K
TypeSH
Market value$15.71M
2.03%
Sole
180K
Shared
0.00
None
495.20K
PLAINS ALL AMERICAN PIPELINE LP
SOLEShares787.42K
TypeSH
Market value$13.83M
1.79%
Sole
146.46K
Shared
0.00
None
640.96K
VERIZON COMMUNICATIONS
SOLEShares312.97K
TypeSH
Market value$13.13M
1.70%
Sole
87.89K
Shared
0.00
None
225.08K
ABBVIE
SOLEShares71.81K
TypeSH
Market value$13.08M
1.69%
Sole
12.94K
Shared
0.00
None
58.87K
BANK OF AMERICA
SOLEShares341.51K
TypeSH
Market value$12.95M
1.68%
Sole
46.63K
Shared
0.00
None
294.88K
VALERO ENERGY CORP NEW
SOLEShares72.39K
TypeSH
Market value$12.36M
1.60%
Sole
10.68K
Shared
0.00
None
61.71K
CITIGROUP INC
SOLEShares191.47K
TypeSH
Market value$12.11M
1.57%
Sole
27.92K
Shared
0.00
None
163.55K
HF SINCLAIR CORP
SOLEShares195.95K
TypeSH
Market value$11.83M
1.53%
Sole
20.85K
Shared
0.00
None
175.09K
CHEVRON CORP
SOLEShares74.70K
TypeSH
Market value$11.78M
1.52%
Sole
0.00
Shared
0.00
None
74.70K
WESTERN MIDSTREAM PARTNERS LP
SOLEShares331.38K
TypeSH
Market value$11.78M
1.52%
Sole
40.91K
Shared
0.00
None
290.48K
ALTRIA GROUP INC
SOLEShares269.17K
TypeSH
Market value$11.74M
1.52%
Sole
65.16K
Shared
0.00
None
204.01K
AMGEN INC
SOLEShares40.05K
TypeSH
Market value$11.39M
1.47%
Sole
4.77K
Shared
0.00
None
35.28K
AT&T
SOLEShares631.48K
TypeSH
Market value$11.11M
1.44%
Sole
186.35K
Shared
0.00
None
445.13K
BRITISH AMER TOBACCO F SPONSORED ADR
SOLEShares360K
TypeSH
Market value$10.98M
1.42%
Sole
145.80K
Shared
0.00
None
214.19K
WELLS FARGO & CO
SOLEShares181.32K
TypeSH
Market value$10.51M
1.36%
Sole
29.45K
Shared
0.00
None
151.87K
CUMMINS INC
SOLEShares35.08K
TypeSH
Market value$10.34M
1.34%
Sole
7.57K
Shared
0.00
None
27.51K
KIMBERLY-CLARK CORP
SOLEShares79.63K
TypeSH
Market value$10.30M
1.33%
Sole
12.11K
Shared
0.00
None
67.52K
BRISTOL-MYERS SQUIBB COCOM
SOLEShares178.17K
TypeSH
Market value$9.66M
1.25%
Sole
24.54K
Shared
0.00
None
153.63K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
OCCIDENTAL PETROL CORPSOLE | COM | 3.58M | SH | $232.92M 30.13% | 1.58M | 0.00 | 2M |
CALUMET SPECIALTY PRODSOLE | COM | 5.45M | SH | $81.00M 10.48% | 3.72M | 1.73M | 1.73M |
ENERGY TRANSFER LPSOLE | COM | 1.46M | SH | $22.91M 2.96% | 485.04K | 0.00 | 971.42K |
DORCHESTER MINERALS LPSOLE | COM | 628.18K | SH | $21.18M 2.74% | 146.71K | 0.00 | 481.48K |
OCCIDENTAL PETE CORP WTS EXP 08/03/2027SOLE | *W EXP 08/03/2027 | 468.58K | SH | $20.20M 2.61% | 254.43K | 0.00 | 214.16K |
SUNOCO LPSOLE | COM | 313.44K | SH | $18.90M 2.44% | 88K | 0.00 | 225.44K |
APPLE INCSOLE | COM | 97.32K | SH | $16.69M 2.16% | 0.00 | 0.00 | 97.32K |
NUSTAR ENERGY LPSOLE | COM | 675.20K | SH | $15.71M 2.03% | 180K | 0.00 | 495.20K |
PLAINS ALL AMERICAN PIPELINE LPSOLE | COM | 787.42K | SH | $13.83M 1.79% | 146.46K | 0.00 | 640.96K |
VERIZON COMMUNICATIONSSOLE | COM | 312.97K | SH | $13.13M 1.70% | 87.89K | 0.00 | 225.08K |
ABBVIESOLE | COM | 71.81K | SH | $13.08M 1.69% | 12.94K | 0.00 | 58.87K |
BANK OF AMERICASOLE | COM | 341.51K | SH | $12.95M 1.68% | 46.63K | 0.00 | 294.88K |
VALERO ENERGY CORP NEWSOLE | COM | 72.39K | SH | $12.36M 1.60% | 10.68K | 0.00 | 61.71K |
CITIGROUP INCSOLE | COM | 191.47K | SH | $12.11M 1.57% | 27.92K | 0.00 | 163.55K |
HF SINCLAIR CORPSOLE | COM | 195.95K | SH | $11.83M 1.53% | 20.85K | 0.00 | 175.09K |
CHEVRON CORPSOLE | COM | 74.70K | SH | $11.78M 1.52% | 0.00 | 0.00 | 74.70K |
WESTERN MIDSTREAM PARTNERS LPSOLE | COM | 331.38K | SH | $11.78M 1.52% | 40.91K | 0.00 | 290.48K |
ALTRIA GROUP INCSOLE | COM | 269.17K | SH | $11.74M 1.52% | 65.16K | 0.00 | 204.01K |
AMGEN INCSOLE | COM | 40.05K | SH | $11.39M 1.47% | 4.77K | 0.00 | 35.28K |
AT&TSOLE | COM | 631.48K | SH | $11.11M 1.44% | 186.35K | 0.00 | 445.13K |
BRITISH AMER TOBACCO F SPONSORED ADRSOLE | COM | 360K | SH | $10.98M 1.42% | 145.80K | 0.00 | 214.19K |
WELLS FARGO & COSOLE | COM | 181.32K | SH | $10.51M 1.36% | 29.45K | 0.00 | 151.87K |
CUMMINS INCSOLE | COM | 35.08K | SH | $10.34M 1.34% | 7.57K | 0.00 | 27.51K |
KIMBERLY-CLARK CORPSOLE | COM | 79.63K | SH | $10.30M 1.33% | 12.11K | 0.00 | 67.52K |
BRISTOL-MYERS SQUIBB COCOMSOLE | COM | 178.17K | SH | $9.66M 1.25% | 24.54K | 0.00 | 153.63K |
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