ADAMS ASSET ADVISORS, LLC

Filed: 10/15/2024ACC: 0001386929-24-000007

📋 What this filing means

ADAMS ASSET ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 75 equity positions with a total reported market value of $756.32M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$756.32M

Total AUM (reported)

21.08M

Total Shares

Allocation by class

COM$734.86M97.2%

*W EXP 08/03/2027$13.92M1.8%

CUM CONV PFD A$2.68M0.4%

SHS$2.56M0.3%

COM NEW$695.6K0.1%

COM SHS$494.5K0.1%

S&P 500 ETF SHS$406.3K0.1%

Portfolio Concentration

Top 3$308.11M40.7%

4–10$119.84M15.8%

11–25$177.64M23.5%

Rest$150.73M19.9%

Top 3 weight

40.7%

Top 10 weight

56.6%

Voting Authority Distribution

Total shares with voting rights: 22.61M

Sole

Full voting authority

8.84M

% of voting shares39.1%

Shared

Joint voting authority

1.53M

% of voting shares6.8%

None

No voting authority

12.24M

% of voting shares54.1%

Investment Discretion (by position count)

Sole75

Shared0

Other0

Dominant voting typeNone · 54.1% of voting shares

Institutional Holdings75

Rows:

OCCIDENTAL PETROL CORP

SOLE

COM

Shares3.57M

TypeSH

Market value$183.85M

24.31%

Sole

1.58M

Shared

0.00

None

1.99M

CALUMET INC

SOLE

COM

Shares5.25M

TypeSH

Market value$93.58M

12.37%

Sole

3.72M

Shared

1.53M

None

1.53M

SUNOCO LP

SOLE

COM

Shares571.54K

TypeSH

Market value$30.68M

4.06%

Sole

160K

Shared

0.00

None

411.54K

ENERGY TRANSFER LP

SOLE

COM

Shares1.42M

TypeSH

Market value$22.80M

3.01%

Sole

485.04K

Shared

0.00

None

935.66K

APPLE INC

SOLE

COM

Shares94.03K

TypeSH

Market value$21.91M

2.90%

Sole

0.00

Shared

0.00

None

94.03K

DORCHESTER MINERALS LP

SOLE

COM

Shares611.84K

TypeSH

Market value$18.45M

2.44%

Sole

146.71K

Shared

0.00

None

465.13K

BRITISH AMER TOBACCO F SPONSORED ADR

SOLE

COM

Shares393.52K

TypeSH

Market value$14.40M

1.90%

Sole

145.80K

Shared

0.00

None

247.72K

VERIZON COMMUNICATIONS

SOLE

COM

Shares317.08K

TypeSH

Market value$14.24M

1.88%

Sole

87.89K

Shared

0.00

None

229.20K

ABBVIE

SOLE

COM

Shares71.56K

TypeSH

Market value$14.13M

1.87%

Sole

12.94K

Shared

0.00

None

58.61K

OCCIDENTAL PETE CORP WTS EXP 08/03/2027

SOLE

*W EXP 08/03/2027

Shares468.36K

TypeSH

Market value$13.92M

1.84%

Sole

254.43K

Shared

0.00

None

213.93K

ALTRIA GROUP INC

SOLE

COM

Shares272.45K

TypeSH

Market value$13.91M

1.84%

Sole

65.16K

Shared

0.00

None

207.29K

AT&T

SOLE

COM

Shares630.08K

TypeSH

Market value$13.86M

1.83%

Sole

186.35K

Shared

0.00

None

443.73K

NEWMONT CORP

SOLE

COM

Shares258.39K

TypeSH

Market value$13.81M

1.83%

Sole

32.98K

Shared

0.00

None

225.41K

BANK OF AMERICA

SOLE

COM

Shares337.73K

TypeSH

Market value$13.40M

1.77%

Sole

46.63K

Shared

0.00

None

291.10K

PLAINS ALL AMERICAN PIPELINE LP

SOLE

COM

Shares762.94K

TypeSH

Market value$13.25M

1.75%

Sole

146.46K

Shared

0.00

None

616.48K

AMGEN INC

SOLE

COM

Shares39.66K

TypeSH

Market value$12.78M

1.69%

Sole

4.77K

Shared

0.00

None

34.89K

WESTERN MIDSTREAM PARTNERS LP

SOLE

COM

Shares321.64K

TypeSH

Market value$12.31M

1.63%

Sole

50.91K

Shared

0.00

None

270.74K

CHEVRON CORP

SOLE

COM

Shares80.26K

TypeSH

Market value$11.82M

1.56%

Sole

0.00

Shared

0.00

None

80.26K

CITIGROUP INC

SOLE

COM

Shares186.72K

TypeSH

Market value$11.69M

1.55%

Sole

27.92K

Shared

0.00

None

158.79K

CUMMINS INC

SOLE

COM

Shares34.84K

TypeSH

Market value$11.28M

1.49%

Sole

7.57K

Shared

0.00

None

27.27K

KIMBERLY-CLARK CORP

SOLE

COM

Shares79.29K

TypeSH

Market value$11.28M

1.49%

Sole

12.11K

Shared

0.00

None

67.18K

WELLS FARGO & CO

SOLE

COM

Shares176.83K

TypeSH

Market value$9.99M

1.32%

Sole

29.45K

Shared

0.00

None

147.38K

VALERO ENERGY CORP NEW

SOLE

COM

Shares71.12K

TypeSH

Market value$9.60M

1.27%

Sole

10.68K

Shared

0.00

None

60.43K

CISCO SYSTEMS INC

SOLE

COM

Shares177.97K

TypeSH

Market value$9.47M

1.25%

Sole

30.20K

Shared

0.00

None

147.77K

MPLX LP

SOLE

COM

Shares206.72K

TypeSH

Market value$9.19M

1.22%

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	$183.85M 24.31%	1.58M	0.00	1.99M
CALUMET INCSOLE	COM	5.25M	SH	$93.58M 12.37%	3.72M	1.53M	1.53M
SUNOCO LPSOLE	COM	571.54K	SH	$30.68M 4.06%	160K	0.00	411.54K
ENERGY TRANSFER LPSOLE	COM	1.42M	SH	$22.80M 3.01%	485.04K	0.00	935.66K
APPLE INCSOLE	COM	94.03K	SH	$21.91M 2.90%	0.00	0.00	94.03K
DORCHESTER MINERALS LPSOLE	COM	611.84K	SH	$18.45M 2.44%	146.71K	0.00	465.13K
BRITISH AMER TOBACCO F SPONSORED ADRSOLE	COM	393.52K	SH	$14.40M 1.90%	145.80K	0.00	247.72K
VERIZON COMMUNICATIONSSOLE	COM	317.08K	SH	$14.24M 1.88%	87.89K	0.00	229.20K
ABBVIESOLE	COM	71.56K	SH	$14.13M 1.87%	12.94K	0.00	58.61K
OCCIDENTAL PETE CORP WTS EXP 08/03/2027SOLE	*W EXP 08/03/2027	468.36K	SH	$13.92M 1.84%	254.43K	0.00	213.93K
ALTRIA GROUP INCSOLE	COM	272.45K	SH	$13.91M 1.84%	65.16K	0.00	207.29K
AT&TSOLE	COM	630.08K	SH	$13.86M 1.83%	186.35K	0.00	443.73K
NEWMONT CORPSOLE	COM	258.39K	SH	$13.81M 1.83%	32.98K	0.00	225.41K
BANK OF AMERICASOLE	COM	337.73K	SH	$13.40M 1.77%	46.63K	0.00	291.10K
PLAINS ALL AMERICAN PIPELINE LPSOLE	COM	762.94K	SH	$13.25M 1.75%	146.46K	0.00	616.48K
AMGEN INCSOLE	COM	39.66K	SH	$12.78M 1.69%	4.77K	0.00	34.89K
WESTERN MIDSTREAM PARTNERS LPSOLE	COM	321.64K	SH	$12.31M 1.63%	50.91K	0.00	270.74K
CHEVRON CORPSOLE	COM	80.26K	SH	$11.82M 1.56%	0.00	0.00	80.26K
CITIGROUP INCSOLE	COM	186.72K	SH	$11.69M 1.55%	27.92K	0.00	158.79K
CUMMINS INCSOLE	COM	34.84K	SH	$11.28M 1.49%	7.57K	0.00	27.27K
KIMBERLY-CLARK CORPSOLE	COM	79.29K	SH	$11.28M 1.49%	12.11K	0.00	67.18K
WELLS FARGO & COSOLE	COM	176.83K	SH	$9.99M 1.32%	29.45K	0.00	147.38K
VALERO ENERGY CORP NEWSOLE	COM	71.12K	SH	$9.60M 1.27%	10.68K	0.00	60.43K
CISCO SYSTEMS INCSOLE	COM	177.97K	SH	$9.47M 1.25%	30.20K	0.00	147.77K
MPLX LPSOLE	COM	206.72K	SH	$9.19M 1.22%	32.60K	0.00	174.12K

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