ADAMS ASSET ADVISORS, LLC

Filed: 7/10/2024ACC: 0001386929-24-000006

📋 What this filing means

ADAMS ASSET ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 73 equity positions with a total reported market value of $766.79M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$766.79M

Total AUM (reported)

20.84M

Total Shares

Allocation by class

COM$741.57M96.7%

*W EXP 08/03/2027$19.28M2.5%

CUM CONV PFD A$2.56M0.3%

SHS$1.85M0.2%

COM NEW$615.5K0.1%

COM CL A$363.5K0.0%

CL B NEW$302.7K0.0%

Portfolio Concentration

Top 3$341.43M44.5%

4–10$122.01M15.9%

11–25$170.20M22.2%

Rest$133.15M17.4%

Top 3 weight

44.5%

Top 10 weight

60.4%

Voting Authority Distribution

Total shares with voting rights: 22.37M

Sole

Full voting authority

8.65M

% of voting shares38.7%

Shared

Joint voting authority

1.53M

% of voting shares6.8%

None

No voting authority

12.19M

% of voting shares54.5%

Investment Discretion (by position count)

Sole73

Shared0

Other0

Dominant voting typeNone · 54.5% of voting shares

Institutional Holdings73

Rows:

OCCIDENTAL PETROL CORP

SOLE

COM

Shares3.57M

TypeSH

Market value$224.84M

29.32%

Sole

1.58M

Shared

0.00

None

1.99M

CALUMET SPECIALTY PROD

SOLE

COM

Shares5.25M

TypeSH

Market value$84.28M

10.99%

Sole

3.72M

Shared

1.53M

None

1.53M

SUNOCO LP

SOLE

COM

Shares571.54K

TypeSH

Market value$32.31M

4.21%

Sole

160K

Shared

0.00

None

411.54K

ENERGY TRANSFER LP

SOLE

COM

Shares1.42M

TypeSH

Market value$23.04M

3.01%

Sole

485.04K

Shared

0.00

None

935.66K

APPLE INC

SOLE

COM

Shares97.32K

TypeSH

Market value$20.50M

2.67%

Sole

0.00

Shared

0.00

None

97.32K

OCCIDENTAL PETE CORP WTS EXP 08/03/2027

SOLE

*W EXP 08/03/2027

Shares468.36K

TypeSH

Market value$19.28M

2.51%

Sole

254.43K

Shared

0.00

None

213.93K

DORCHESTER MINERALS LP

SOLE

COM

Shares611.84K

TypeSH

Market value$18.88M

2.46%

Sole

146.71K

Shared

0.00

None

465.13K

PLAINS ALL AMERICAN PIPELINE LP

SOLE

COM

Shares762.94K

TypeSH

Market value$13.63M

1.78%

Sole

146.46K

Shared

0.00

None

616.48K

BANK OF AMERICA

SOLE

COM

Shares341.51K

TypeSH

Market value$13.58M

1.77%

Sole

46.63K

Shared

0.00

None

294.88K

VERIZON COMMUNICATIONS

SOLE

COM

Shares317.76K

TypeSH

Market value$13.10M

1.71%

Sole

87.89K

Shared

0.00

None

229.88K

AMGEN INC

SOLE

COM

Shares40.05K

TypeSH

Market value$12.51M

1.63%

Sole

4.77K

Shared

0.00

None

35.28K

ALTRIA GROUP INC

SOLE

COM

Shares272.45K

TypeSH

Market value$12.41M

1.62%

Sole

65.16K

Shared

0.00

None

207.29K

WESTERN MIDSTREAM PARTNERS LP

SOLE

COM

Shares311.64K

TypeSH

Market value$12.38M

1.61%

Sole

40.91K

Shared

0.00

None

270.74K

ABBVIE

SOLE

COM

Shares71.81K

TypeSH

Market value$12.32M

1.61%

Sole

12.94K

Shared

0.00

None

58.87K

CITIGROUP INC

SOLE

COM

Shares191.47K

TypeSH

Market value$12.15M

1.58%

Sole

27.92K

Shared

0.00

None

163.55K

BRITISH AMER TOBACCO F SPONSORED ADR

SOLE

COM

Shares390.77K

TypeSH

Market value$12.09M

1.58%

Sole

145.80K

Shared

0.00

None

244.97K

AT&T

SOLE

COM

Shares631.48K

TypeSH

Market value$12.07M

1.57%

Sole

186.35K

Shared

0.00

None

445.13K

CHEVRON CORP

SOLE

COM

Shares74.70K

TypeSH

Market value$11.68M

1.52%

Sole

0.00

Shared

0.00

None

74.70K

VALERO ENERGY CORP NEW

SOLE

COM

Shares72.39K

TypeSH

Market value$11.35M

1.48%

Sole

10.68K

Shared

0.00

None

61.71K

KIMBERLY-CLARK CORP

SOLE

COM

Shares79.63K

TypeSH

Market value$11.00M

1.44%

Sole

12.11K

Shared

0.00

None

67.52K

NEWMONT COPR

SOLE

COM

Shares258.39K

TypeSH

Market value$10.82M

1.41%

Sole

32.98K

Shared

0.00

None

225.41K

WELLS FARGO & CO

SOLE

COM

Shares176.83K

TypeSH

Market value$10.50M

1.37%

Sole

29.45K

Shared

0.00

None

147.38K

HF SINCLAIR CORP

SOLE

COM

Shares194.95K

TypeSH

Market value$10.40M

1.36%

Sole

20.85K

Shared

0.00

None

174.09K

CUMMINS INC

SOLE

COM

Shares35.08K

TypeSH

Market value$9.72M

1.27%

Sole

7.57K

Shared

0.00

None

27.51K

MPLX LP

SOLE

COM

Shares206.72K

TypeSH

Market value$8.80M

1.15%

Sole

32.60K

Shared

0.00

None

174.12K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
OCCIDENTAL PETROL CORPSOLE	COM	3.57M	SH	$224.84M 29.32%	1.58M	0.00	1.99M
CALUMET SPECIALTY PRODSOLE	COM	5.25M	SH	$84.28M 10.99%	3.72M	1.53M	1.53M
SUNOCO LPSOLE	COM	571.54K	SH	$32.31M 4.21%	160K	0.00	411.54K
ENERGY TRANSFER LPSOLE	COM	1.42M	SH	$23.04M 3.01%	485.04K	0.00	935.66K
APPLE INCSOLE	COM	97.32K	SH	$20.50M 2.67%	0.00	0.00	97.32K
OCCIDENTAL PETE CORP WTS EXP 08/03/2027SOLE	*W EXP 08/03/2027	468.36K	SH	$19.28M 2.51%	254.43K	0.00	213.93K
DORCHESTER MINERALS LPSOLE	COM	611.84K	SH	$18.88M 2.46%	146.71K	0.00	465.13K
PLAINS ALL AMERICAN PIPELINE LPSOLE	COM	762.94K	SH	$13.63M 1.78%	146.46K	0.00	616.48K
BANK OF AMERICASOLE	COM	341.51K	SH	$13.58M 1.77%	46.63K	0.00	294.88K
VERIZON COMMUNICATIONSSOLE	COM	317.76K	SH	$13.10M 1.71%	87.89K	0.00	229.88K
AMGEN INCSOLE	COM	40.05K	SH	$12.51M 1.63%	4.77K	0.00	35.28K
ALTRIA GROUP INCSOLE	COM	272.45K	SH	$12.41M 1.62%	65.16K	0.00	207.29K
WESTERN MIDSTREAM PARTNERS LPSOLE	COM	311.64K	SH	$12.38M 1.61%	40.91K	0.00	270.74K
ABBVIESOLE	COM	71.81K	SH	$12.32M 1.61%	12.94K	0.00	58.87K
CITIGROUP INCSOLE	COM	191.47K	SH	$12.15M 1.58%	27.92K	0.00	163.55K
BRITISH AMER TOBACCO F SPONSORED ADRSOLE	COM	390.77K	SH	$12.09M 1.58%	145.80K	0.00	244.97K
AT&TSOLE	COM	631.48K	SH	$12.07M 1.57%	186.35K	0.00	445.13K
CHEVRON CORPSOLE	COM	74.70K	SH	$11.68M 1.52%	0.00	0.00	74.70K
VALERO ENERGY CORP NEWSOLE	COM	72.39K	SH	$11.35M 1.48%	10.68K	0.00	61.71K
KIMBERLY-CLARK CORPSOLE	COM	79.63K	SH	$11.00M 1.44%	12.11K	0.00	67.52K
NEWMONT COPRSOLE	COM	258.39K	SH	$10.82M 1.41%	32.98K	0.00	225.41K
WELLS FARGO & COSOLE	COM	176.83K	SH	$10.50M 1.37%	29.45K	0.00	147.38K
HF SINCLAIR CORPSOLE	COM	194.95K	SH	$10.40M 1.36%	20.85K	0.00	174.09K
CUMMINS INCSOLE	COM	35.08K	SH	$9.72M 1.27%	7.57K	0.00	27.51K
MPLX LPSOLE	COM	206.72K	SH	$8.80M 1.15%	32.60K	0.00	174.12K

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