Filed: 11/14/2023ACC: 0001420506-23-002065
📋 What this filing means
RECURRENT INVESTMENT ADVISORS LLC filed this quarterly 13F‑HR report disclosing 51 equity positions with a total reported market value of $681.01M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
51
Positions
$681.01M
Total AUM (reported)
25M
Total Shares
Allocation by class
COM$447.63M65.7%
COM UT LTD PTN$49.30M7.2%
LTD PARTNR INT A$44.64M6.6%
COM NEW$36.91M5.4%
COM UNIT LP INT$32.12M4.7%
COM UNT RP INT$23.66M3.5%
UT LTD PART$16.58M2.4%
Portfolio Concentration
Top 3$149.05M21.9%
4–10$253.62M37.2%
11–25$244.17M35.9%
Rest$34.17M5.0%
Top 3 weight
21.9%
Top 10 weight
59.1%
Voting Authority Distribution
Total shares with voting rights: 25M
Sole
Full voting authority
25M
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)
Sole51
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings51
Rows:
CENOVUS ENERGY INC
SOLEShares2.56M
TypeSH
Market value$55.11M
8.09%
Sole
2.56M
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares3.51M
TypeSH
Market value$49.30M
7.24%
Sole
3.51M
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares2.77M
TypeSH
Market value$44.64M
6.56%
Sole
2.77M
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares1.13M
TypeSH
Market value$39.92M
5.86%
Sole
1.13M
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares314.47K
TypeSH
Market value$37.78M
5.55%
Sole
314.47K
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.21M
TypeSH
Market value$36.87M
5.41%
Sole
1.21M
Shared
0.00
None
0.00
EQUITRANS MIDSTREAM CORP
SOLEShares3.88M
TypeSH
Market value$36.32M
5.33%
Sole
3.88M
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares236.19K
TypeSH
Market value$35.74M
5.25%
Sole
236.19K
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares210.13K
TypeSH
Market value$34.87M
5.12%
Sole
210.13K
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.18M
TypeSH
Market value$32.12M
4.72%
Sole
1.18M
Shared
0.00
None
0.00
VALERO ENERGY CORP
SOLEShares224.64K
TypeSH
Market value$31.83M
4.67%
Sole
224.64K
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.12M
TypeSH
Market value$30.73M
4.51%
Sole
1.12M
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares348.51K
TypeSH
Market value$29.87M
4.39%
Sole
348.51K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.72M
TypeSH
Market value$28.58M
4.20%
Sole
1.72M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares846.99K
TypeSH
Market value$28.54M
4.19%
Sole
846.99K
Shared
0.00
None
0.00
VIPER ENERGY PARTNERS LP
SOLEShares848.70K
TypeSH
Market value$23.66M
3.47%
Sole
848.70K
Shared
0.00
None
0.00
ALLIANCE RESOURCE PARTNERS L
SOLEShares735.78K
TypeSH
Market value$16.58M
2.43%
Sole
735.78K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares387.57K
TypeSH
Market value$12.87M
1.89%
Sole
387.57K
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares178.15K
TypeSH
Market value$11.30M
1.66%
Sole
178.15K
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares184.31K
TypeSH
Market value$9.02M
1.32%
Sole
184.31K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares183.38K
TypeSH
Market value$6.31M
0.93%
Sole
183.38K
Shared
0.00
None
0.00
TECK RESOURCES LTD
SOLEShares95K
TypeSH
Market value$5.55M
0.81%
Sole
95K
Shared
0.00
None
0.00
NUTRIEN LTD
SOLEShares41.87K
TypeSH
Market value$3.51M
0.52%
Sole
41.87K
Shared
0.00
None
0.00
ARCELORMITTAL SA LUXEMBOURG
SOLEShares128.01K
TypeSH
Market value$3.04M
0.45%
Sole
128.01K
Shared
0.00
None
0.00
ALCOA CORP
SOLEShares95.53K
TypeSH
Market value$2.78M
0.41%
Sole
95.53K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CENOVUS ENERGY INCSOLE | COM | 2.56M | SH | $55.11M 8.09% | 2.56M | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 3.51M | SH | $49.30M 7.24% | 3.51M | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 2.77M | SH | $44.64M 6.56% | 2.77M | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 1.13M | SH | $39.92M 5.86% | 1.13M | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 314.47K | SH | $37.78M 5.55% | 314.47K | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.21M | SH | $36.87M 5.41% | 1.21M | 0.00 | 0.00 |
EQUITRANS MIDSTREAM CORPSOLE | COM | 3.88M | SH | $36.32M 5.33% | 3.88M | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 236.19K | SH | $35.74M 5.25% | 236.19K | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 210.13K | SH | $34.87M 5.12% | 210.13K | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.18M | SH | $32.12M 4.72% | 1.18M | 0.00 | 0.00 |
VALERO ENERGY CORPSOLE | COM | 224.64K | SH | $31.83M 4.67% | 224.64K | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.12M | SH | $30.73M 4.51% | 1.12M | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 348.51K | SH | $29.87M 4.39% | 348.51K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.72M | SH | $28.58M 4.20% | 1.72M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 846.99K | SH | $28.54M 4.19% | 846.99K | 0.00 | 0.00 |
VIPER ENERGY PARTNERS LPSOLE | COM UNT RP INT | 848.70K | SH | $23.66M 3.47% | 848.70K | 0.00 | 0.00 |
ALLIANCE RESOURCE PARTNERS LSOLE | UT LTD PART | 735.78K | SH | $16.58M 2.43% | 735.78K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 387.57K | SH | $12.87M 1.89% | 387.57K | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 178.15K | SH | $11.30M 1.66% | 178.15K | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 184.31K | SH | $9.02M 1.32% | 184.31K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 183.38K | SH | $6.31M 0.93% | 183.38K | 0.00 | 0.00 |
TECK RESOURCES LTDSOLE | CL B | 95K | SH | $5.55M 0.81% | 95K | 0.00 | 0.00 |
NUTRIEN LTDSOLE | COM | 41.87K | SH | $3.51M 0.52% | 41.87K | 0.00 | 0.00 |
ARCELORMITTAL SA LUXEMBOURGSOLE | NY REGISTRY SH | 128.01K | SH | $3.04M 0.45% | 128.01K | 0.00 | 0.00 |
ALCOA CORPSOLE | COM | 95.53K | SH | $2.78M 0.41% | 95.53K | 0.00 | 0.00 |
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