Filed: 8/14/2023ACC: 0001420506-23-001574
📋 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 $590.79M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
53
Positions
$590.79M
Total AUM (reported)
22.35M
Total Shares
Allocation by class
COM$367.84M62.3%
COM UT LTD PTN$42.21M7.1%
LTD PARTNR INT A$39.42M6.7%
COM NEW$32.55M5.5%
COM UNIT LP INT$27.79M4.7%
COM UNT RP INT$22.88M3.9%
COM UNIT RP LP$16.24M2.7%
Portfolio Concentration
Top 3$126.42M21.4%
4–10$209.68M35.5%
11–25$218.37M37.0%
Rest$36.31M6.1%
Top 3 weight
21.4%
Top 10 weight
56.9%
Voting Authority Distribution
Total shares with voting rights: 22.35M
Sole
Full voting authority
22.35M
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
SOLEShares2.56M
TypeSH
Market value$44.80M
7.58%
Sole
2.56M
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares3.32M
TypeSH
Market value$42.21M
7.14%
Sole
3.32M
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares2.66M
TypeSH
Market value$39.42M
6.67%
Sole
2.66M
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.06M
TypeSH
Market value$33.80M
5.72%
Sole
1.06M
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares1.05M
TypeSH
Market value$31.63M
5.35%
Sole
1.05M
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares257.57K
TypeSH
Market value$30.03M
5.08%
Sole
257.57K
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares195.63K
TypeSH
Market value$29.81M
5.05%
Sole
195.63K
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares304.69K
TypeSH
Market value$29.06M
4.92%
Sole
304.69K
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.05M
TypeSH
Market value$27.79M
4.70%
Sole
1.05M
Shared
0.00
None
0.00
VALERO ENERGY CORP
SOLEShares234.94K
TypeSH
Market value$27.56M
4.66%
Sole
234.94K
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.02M
TypeSH
Market value$26.95M
4.56%
Sole
1.02M
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares351.11K
TypeSH
Market value$26.72M
4.52%
Sole
351.11K
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares767.85K
TypeSH
Market value$25.06M
4.24%
Sole
767.85K
Shared
0.00
None
0.00
EQUITRANS MIDSTREAM CORP
SOLEShares2.49M
TypeSH
Market value$23.83M
4.03%
Sole
2.49M
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.34M
TypeSH
Market value$23.05M
3.90%
Sole
1.34M
Shared
0.00
None
0.00
VIPER ENERGY PARTNERS LP
SOLEShares852.60K
TypeSH
Market value$22.88M
3.87%
Sole
852.60K
Shared
0.00
None
0.00
MAGELLAN MIDSTREAM PRTNRS LP
SOLEShares260.53K
TypeSH
Market value$16.24M
2.75%
Sole
260.53K
Shared
0.00
None
0.00
ALLIANCE RESOURCE PARTNERS L
SOLEShares701.28K
TypeSH
Market value$12.97M
2.19%
Sole
701.28K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares327.57K
TypeSH
Market value$12.17M
2.06%
Sole
327.57K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares183.38K
TypeSH
Market value$7.41M
1.25%
Sole
183.38K
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares164.10K
TypeSH
Market value$7.15M
1.21%
Sole
164.10K
Shared
0.00
None
0.00
TECK RESOURCES LTD
SOLEShares94.96K
TypeSH
Market value$5.29M
0.90%
Sole
94.96K
Shared
0.00
None
0.00
NUTRIEN LTD
SOLEShares41.85K
TypeSH
Market value$3.27M
0.55%
Sole
41.85K
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares73.31K
TypeSH
Market value$2.93M
0.50%
Sole
73.31K
Shared
0.00
None
0.00
NUCOR CORP
SOLEShares15.08K
TypeSH
Market value$2.47M
0.42%
Sole
15.08K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CENOVUS ENERGY INCSOLE | COM | 2.56M | SH | $44.80M 7.58% | 2.56M | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 3.32M | SH | $42.21M 7.14% | 3.32M | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 2.66M | SH | $39.42M 6.67% | 2.66M | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.06M | SH | $33.80M 5.72% | 1.06M | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 1.05M | SH | $31.63M 5.35% | 1.05M | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 257.57K | SH | $30.03M 5.08% | 257.57K | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 195.63K | SH | $29.81M 5.05% | 195.63K | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 304.69K | SH | $29.06M 4.92% | 304.69K | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.05M | SH | $27.79M 4.70% | 1.05M | 0.00 | 0.00 |
VALERO ENERGY CORPSOLE | COM | 234.94K | SH | $27.56M 4.66% | 234.94K | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.02M | SH | $26.95M 4.56% | 1.02M | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 351.11K | SH | $26.72M 4.52% | 351.11K | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 767.85K | SH | $25.06M 4.24% | 767.85K | 0.00 | 0.00 |
EQUITRANS MIDSTREAM CORPSOLE | COM | 2.49M | SH | $23.83M 4.03% | 2.49M | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.34M | SH | $23.05M 3.90% | 1.34M | 0.00 | 0.00 |
VIPER ENERGY PARTNERS LPSOLE | COM UNT RP INT | 852.60K | SH | $22.88M 3.87% | 852.60K | 0.00 | 0.00 |
MAGELLAN MIDSTREAM PRTNRS LPSOLE | COM UNIT RP LP | 260.53K | SH | $16.24M 2.75% | 260.53K | 0.00 | 0.00 |
ALLIANCE RESOURCE PARTNERS LSOLE | UT LTD PART | 701.28K | SH | $12.97M 2.19% | 701.28K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 327.57K | SH | $12.17M 2.06% | 327.57K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 183.38K | SH | $7.41M 1.25% | 183.38K | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 164.10K | SH | $7.15M 1.21% | 164.10K | 0.00 | 0.00 |
TECK RESOURCES LTDSOLE | CL B | 94.96K | SH | $5.29M 0.90% | 94.96K | 0.00 | 0.00 |
NUTRIEN LTDSOLE | COM | 41.85K | SH | $3.27M 0.55% | 41.85K | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 73.31K | SH | $2.93M 0.50% | 73.31K | 0.00 | 0.00 |
NUCOR CORPSOLE | COM | 15.08K | SH | $2.47M 0.42% | 15.08K | 0.00 | 0.00 |
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