Filed: 5/15/2023ACC: 0001420506-23-001040
📋 What this filing means
RECURRENT INVESTMENT ADVISORS LLC filed this quarterly 13F‑HR report disclosing 43 equity positions with a total reported market value of $505.67M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
43
Positions
$505.67M
Total AUM (reported)
18.52M
Total Shares
Allocation by class
COM$312.35M61.8%
COM UT LTD PTN$38.43M7.6%
LTD PARTNR INT A$32.45M6.4%
COM NEW$29.41M5.8%
COM UNIT LP INT$26.55M5.3%
COM UNT RP INT$22.59M4.5%
COM UNIT RP LP$13.15M2.6%
Portfolio Concentration
Top 3$107.05M21.2%
4–10$195.11M38.6%
11–25$181.84M36.0%
Rest$21.66M4.3%
Top 3 weight
21.2%
Top 10 weight
59.8%
Voting Authority Distribution
Total shares with voting rights: 18.52M
Sole
Full voting authority
18.52M
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)
Sole43
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings43
Rows:
ENERGY TRANSFER L P
SOLEShares3.08M
TypeSH
Market value$38.43M
7.60%
Sole
3.08M
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares2.07M
TypeSH
Market value$36.18M
7.15%
Sole
2.07M
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares2.47M
TypeSH
Market value$32.45M
6.42%
Sole
2.47M
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares965.70K
TypeSH
Market value$31.29M
6.19%
Sole
965.70K
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares230.19K
TypeSH
Market value$31.04M
6.14%
Sole
230.19K
Shared
0.00
None
0.00
VALERO ENERGY CORP
SOLEShares195.04K
TypeSH
Market value$27.23M
5.38%
Sole
195.04K
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares169.66K
TypeSH
Market value$26.74M
5.29%
Sole
169.66K
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares261.97K
TypeSH
Market value$26.56M
5.25%
Sole
261.97K
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.01M
TypeSH
Market value$26.55M
5.25%
Sole
1.01M
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares992.62K
TypeSH
Market value$25.71M
5.08%
Sole
992.62K
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares345.01K
TypeSH
Market value$25.17M
4.98%
Sole
345.01K
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares804.45K
TypeSH
Market value$24.98M
4.94%
Sole
804.45K
Shared
0.00
None
0.00
VIPER ENERGY PARTNERS LP
SOLEShares806.93K
TypeSH
Market value$22.59M
4.47%
Sole
806.93K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.21M
TypeSH
Market value$21.25M
4.20%
Sole
1.21M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares684.77K
TypeSH
Market value$20.45M
4.04%
Sole
684.77K
Shared
0.00
None
0.00
MAGELLAN MIDSTREAM PRTNRS LP
SOLEShares242.43K
TypeSH
Market value$13.15M
2.60%
Sole
242.43K
Shared
0.00
None
0.00
ALLIANCE RESOURCE PARTNERS L
SOLEShares650.78K
TypeSH
Market value$13.13M
2.60%
Sole
650.78K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares305.27K
TypeSH
Market value$11.65M
2.30%
Sole
305.27K
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares157.07K
TypeSH
Market value$6.89M
1.36%
Sole
157.07K
Shared
0.00
None
0.00
EQUITRANS MIDSTREAM CORP
SOLEShares1.13M
TypeSH
Market value$6.51M
1.29%
Sole
1.13M
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares157.48K
TypeSH
Market value$6.13M
1.21%
Sole
157.48K
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares73.18K
TypeSH
Market value$2.99M
0.59%
Sole
73.18K
Shared
0.00
None
0.00
ALCOA CORP
SOLEShares62.85K
TypeSH
Market value$2.67M
0.53%
Sole
62.85K
Shared
0.00
None
0.00
TOTALENERGIES SE
SOLEShares36.93K
TypeSH
Market value$2.18M
0.43%
Sole
36.93K
Shared
0.00
None
0.00
NUCOR CORP
SOLEShares13.60K
TypeSH
Market value$2.10M
0.42%
Sole
13.60K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 3.08M | SH | $38.43M 7.60% | 3.08M | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 2.07M | SH | $36.18M 7.15% | 2.07M | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 2.47M | SH | $32.45M 6.42% | 2.47M | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 965.70K | SH | $31.29M 6.19% | 965.70K | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 230.19K | SH | $31.04M 6.14% | 230.19K | 0.00 | 0.00 |
VALERO ENERGY CORPSOLE | COM | 195.04K | SH | $27.23M 5.38% | 195.04K | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 169.66K | SH | $26.74M 5.29% | 169.66K | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 261.97K | SH | $26.56M 5.25% | 261.97K | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.01M | SH | $26.55M 5.25% | 1.01M | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 992.62K | SH | $25.71M 5.08% | 992.62K | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 345.01K | SH | $25.17M 4.98% | 345.01K | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 804.45K | SH | $24.98M 4.94% | 804.45K | 0.00 | 0.00 |
VIPER ENERGY PARTNERS LPSOLE | COM UNT RP INT | 806.93K | SH | $22.59M 4.47% | 806.93K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.21M | SH | $21.25M 4.20% | 1.21M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 684.77K | SH | $20.45M 4.04% | 684.77K | 0.00 | 0.00 |
MAGELLAN MIDSTREAM PRTNRS LPSOLE | COM UNIT RP LP | 242.43K | SH | $13.15M 2.60% | 242.43K | 0.00 | 0.00 |
ALLIANCE RESOURCE PARTNERS LSOLE | UT LTD PART | 650.78K | SH | $13.13M 2.60% | 650.78K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 305.27K | SH | $11.65M 2.30% | 305.27K | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 157.07K | SH | $6.89M 1.36% | 157.07K | 0.00 | 0.00 |
EQUITRANS MIDSTREAM CORPSOLE | COM | 1.13M | SH | $6.51M 1.29% | 1.13M | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 157.48K | SH | $6.13M 1.21% | 157.48K | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 73.18K | SH | $2.99M 0.59% | 73.18K | 0.00 | 0.00 |
ALCOA CORPSOLE | COM | 62.85K | SH | $2.67M 0.53% | 62.85K | 0.00 | 0.00 |
TOTALENERGIES SESOLE | SPONSORED ADS | 36.93K | SH | $2.18M 0.43% | 36.93K | 0.00 | 0.00 |
NUCOR CORPSOLE | COM | 13.60K | SH | $2.10M 0.42% | 13.60K | 0.00 | 0.00 |
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