Filed: 2/14/2023ACC: 0001420506-23-000498
📋 What this filing means
RECURRENT INVESTMENT ADVISORS LLC filed this quarterly 13F‑HR report disclosing 53 equity positions with a total reported market value of $468.84M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
53
Positions
$468.84M
Total AUM (reported)
17.09M
Total Shares
Allocation by class
COM$294.38M62.8%
COM UT LTD PTN$35.07M7.5%
LTD PARTNR INT A$28.46M6.1%
COM UNIT LP INT$24.24M5.2%
COM UNT RP INT$24.02M5.1%
COM NEW$23.65M5.0%
UT LTD PART$11.69M2.5%
Portfolio Concentration
Top 3$99.57M21.2%
4–10$179.90M38.4%
11–25$168.67M36.0%
Rest$20.71M4.4%
Top 3 weight
21.2%
Top 10 weight
59.6%
Voting Authority Distribution
Total shares with voting rights: 17.09M
Sole
Full voting authority
17.09M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole53
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings53
Rows:
CENOVUS ENERGY INC
SOLEShares1.83M
TypeSH
Market value$35.50M
7.57%
Sole
1.83M
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares2.95M
TypeSH
Market value$35.07M
7.48%
Sole
2.95M
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares853.96K
TypeSH
Market value$28.99M
6.18%
Sole
853.96K
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares2.29M
TypeSH
Market value$28.46M
6.07%
Sole
2.29M
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares365.05K
TypeSH
Market value$26.83M
5.72%
Sole
365.05K
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares254.43K
TypeSH
Market value$26.48M
5.65%
Sole
254.43K
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares223.84K
TypeSH
Market value$26.05M
5.56%
Sole
223.84K
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares902.70K
TypeSH
Market value$24.24M
5.17%
Sole
902.70K
Shared
0.00
None
0.00
VIPER ENERGY PARTNERS LP
SOLEShares755.73K
TypeSH
Market value$24.02M
5.12%
Sole
755.73K
Shared
0.00
None
0.00
VALERO ENERGY CORP
SOLEShares187.69K
TypeSH
Market value$23.81M
5.08%
Sole
187.69K
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares986.86K
TypeSH
Market value$23.80M
5.08%
Sole
986.86K
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares742.98K
TypeSH
Market value$23.57M
5.03%
Sole
742.98K
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares139.52K
TypeSH
Market value$20.92M
4.46%
Sole
139.52K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.14M
TypeSH
Market value$20.54M
4.38%
Sole
1.14M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares602.85K
TypeSH
Market value$19.83M
4.23%
Sole
602.85K
Shared
0.00
None
0.00
ALLIANCE RESOURCE PARTNERS L
SOLEShares575.08K
TypeSH
Market value$11.69M
2.49%
Sole
575.08K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares275.64K
TypeSH
Market value$10.78M
2.30%
Sole
275.64K
Shared
0.00
None
0.00
MAGELLAN MIDSTREAM PRTNRS LP
SOLEShares208.66K
TypeSH
Market value$10.48M
2.23%
Sole
208.66K
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares151.27K
TypeSH
Market value$6.52M
1.39%
Sole
151.27K
Shared
0.00
None
0.00
EQUITRANS MIDSTREAM CORP
SOLEShares880.70K
TypeSH
Market value$5.90M
1.26%
Sole
880.70K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares113.48K
TypeSH
Market value$4.52M
0.96%
Sole
113.48K
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares73.18K
TypeSH
Market value$2.78M
0.59%
Sole
73.18K
Shared
0.00
None
0.00
ALCOA CORP
SOLEShares58.35K
TypeSH
Market value$2.65M
0.57%
Sole
58.35K
Shared
0.00
None
0.00
CONOCOPHILLIPS
SOLEShares20.22K
TypeSH
Market value$2.39M
0.51%
Sole
20.22K
Shared
0.00
None
0.00
TOTALENERGIES SE
SOLEShares36.93K
TypeSH
Market value$2.29M
0.49%
Sole
36.93K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CENOVUS ENERGY INCSOLE | COM | 1.83M | SH | $35.50M 7.57% | 1.83M | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 2.95M | SH | $35.07M 7.48% | 2.95M | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 853.96K | SH | $28.99M 6.18% | 853.96K | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 2.29M | SH | $28.46M 6.07% | 2.29M | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 365.05K | SH | $26.83M 5.72% | 365.05K | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 254.43K | SH | $26.48M 5.65% | 254.43K | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 223.84K | SH | $26.05M 5.56% | 223.84K | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 902.70K | SH | $24.24M 5.17% | 902.70K | 0.00 | 0.00 |
VIPER ENERGY PARTNERS LPSOLE | COM UNT RP INT | 755.73K | SH | $24.02M 5.12% | 755.73K | 0.00 | 0.00 |
VALERO ENERGY CORPSOLE | COM | 187.69K | SH | $23.81M 5.08% | 187.69K | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 986.86K | SH | $23.80M 5.08% | 986.86K | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 742.98K | SH | $23.57M 5.03% | 742.98K | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 139.52K | SH | $20.92M 4.46% | 139.52K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.14M | SH | $20.54M 4.38% | 1.14M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 602.85K | SH | $19.83M 4.23% | 602.85K | 0.00 | 0.00 |
ALLIANCE RESOURCE PARTNERS LSOLE | UT LTD PART | 575.08K | SH | $11.69M 2.49% | 575.08K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 275.64K | SH | $10.78M 2.30% | 275.64K | 0.00 | 0.00 |
MAGELLAN MIDSTREAM PRTNRS LPSOLE | COM UNIT RP LP | 208.66K | SH | $10.48M 2.23% | 208.66K | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 151.27K | SH | $6.52M 1.39% | 151.27K | 0.00 | 0.00 |
EQUITRANS MIDSTREAM CORPSOLE | COM | 880.70K | SH | $5.90M 1.26% | 880.70K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 113.48K | SH | $4.52M 0.96% | 113.48K | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 73.18K | SH | $2.78M 0.59% | 73.18K | 0.00 | 0.00 |
ALCOA CORPSOLE | COM | 58.35K | SH | $2.65M 0.57% | 58.35K | 0.00 | 0.00 |
CONOCOPHILLIPSSOLE | COM | 20.22K | SH | $2.39M 0.51% | 20.22K | 0.00 | 0.00 |
TOTALENERGIES SESOLE | SPONSORED ADS | 36.93K | SH | $2.29M 0.49% | 36.93K | 0.00 | 0.00 |
Page 1 of 3