Filed: 2/14/2024ACC: 0001420506-24-000365
📋 What this filing means
RECURRENT INVESTMENT ADVISORS LLC filed this quarterly 13F‑HR report disclosing 44 equity positions with a total reported market value of $681.67M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
44
Positions
$681.67M
Total AUM (reported)
25.75M
Total Shares
Allocation by class
COM$444.67M65.2%
COM UT LTD PTN$50.62M7.4%
LTD PARTNR INT A$44.23M6.5%
COM UNIT LP INT$41.04M6.0%
COM NEW$37.69M5.5%
CL A$27.13M4.0%
UT LTD PART$15.59M2.3%
Portfolio Concentration
Top 3$144.28M21.2%
4–10$271.34M39.8%
11–25$246.76M36.2%
Rest$19.29M2.8%
Top 3 weight
21.2%
Top 10 weight
61.0%
Voting Authority Distribution
Total shares with voting rights: 25.75M
Sole
Full voting authority
25.75M
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)
Sole44
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings44
Rows:
ENERGY TRANSFER L P
SOLEShares3.67M
TypeSH
Market value$50.62M
7.43%
Sole
3.67M
Shared
0.00
None
0.00
EQUITRANS MIDSTREAM CORP
SOLEShares4.65M
TypeSH
Market value$47.37M
6.95%
Sole
4.65M
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.35M
TypeSH
Market value$46.30M
6.79%
Sole
1.35M
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares2.77M
TypeSH
Market value$44.23M
6.49%
Sole
2.77M
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares2.50M
TypeSH
Market value$41.60M
6.10%
Sole
2.50M
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.40M
TypeSH
Market value$41.04M
6.02%
Sole
1.40M
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares306.94K
TypeSH
Market value$40.87M
6.00%
Sole
306.94K
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares209.74K
TypeSH
Market value$35.81M
5.25%
Sole
209.74K
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares1.10M
TypeSH
Market value$35.12M
5.15%
Sole
1.10M
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.85M
TypeSH
Market value$32.68M
4.79%
Sole
1.85M
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.17M
TypeSH
Market value$30.93M
4.54%
Sole
1.17M
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares348.77K
TypeSH
Market value$30.30M
4.44%
Sole
348.77K
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares846.62K
TypeSH
Market value$29.49M
4.33%
Sole
846.62K
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares864.59K
TypeSH
Market value$27.13M
3.98%
Sole
864.59K
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares174.71K
TypeSH
Market value$25.92M
3.80%
Sole
174.71K
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares323.46K
TypeSH
Market value$22.71M
3.33%
Sole
323.46K
Shared
0.00
None
0.00
VALERO ENERGY CORP
SOLEShares171.71K
TypeSH
Market value$22.32M
3.27%
Sole
171.71K
Shared
0.00
None
0.00
ALLIANCE RESOURCE PARTNERS L
SOLEShares736.26K
TypeSH
Market value$15.59M
2.29%
Sole
736.26K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares387.91K
TypeSH
Market value$13.97M
2.05%
Sole
387.91K
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares184.44K
TypeSH
Market value$11.05M
1.62%
Sole
184.44K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares183.02K
TypeSH
Market value$7.15M
1.05%
Sole
183.02K
Shared
0.00
None
0.00
ALCOA CORP
SOLEShares86.02K
TypeSH
Market value$2.92M
0.43%
Sole
86.02K
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares66.03K
TypeSH
Market value$2.81M
0.41%
Sole
66.03K
Shared
0.00
None
0.00
NUCOR CORP
SOLEShares13.58K
TypeSH
Market value$2.36M
0.35%
Sole
13.58K
Shared
0.00
None
0.00
BHP GROUP LTD
SOLEShares30.60K
TypeSH
Market value$2.09M
0.31%
Sole
30.60K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 3.67M | SH | $50.62M 7.43% | 3.67M | 0.00 | 0.00 |
EQUITRANS MIDSTREAM CORPSOLE | COM | 4.65M | SH | $47.37M 6.95% | 4.65M | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.35M | SH | $46.30M 6.79% | 1.35M | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 2.77M | SH | $44.23M 6.49% | 2.77M | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 2.50M | SH | $41.60M 6.10% | 2.50M | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.40M | SH | $41.04M 6.02% | 1.40M | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 306.94K | SH | $40.87M 6.00% | 306.94K | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 209.74K | SH | $35.81M 5.25% | 209.74K | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 1.10M | SH | $35.12M 5.15% | 1.10M | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.85M | SH | $32.68M 4.79% | 1.85M | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.17M | SH | $30.93M 4.54% | 1.17M | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 348.77K | SH | $30.30M 4.44% | 348.77K | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 846.62K | SH | $29.49M 4.33% | 846.62K | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 864.59K | SH | $27.13M 3.98% | 864.59K | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 174.71K | SH | $25.92M 3.80% | 174.71K | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 323.46K | SH | $22.71M 3.33% | 323.46K | 0.00 | 0.00 |
VALERO ENERGY CORPSOLE | COM | 171.71K | SH | $22.32M 3.27% | 171.71K | 0.00 | 0.00 |
ALLIANCE RESOURCE PARTNERS LSOLE | UT LTD PART | 736.26K | SH | $15.59M 2.29% | 736.26K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 387.91K | SH | $13.97M 2.05% | 387.91K | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 184.44K | SH | $11.05M 1.62% | 184.44K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 183.02K | SH | $7.15M 1.05% | 183.02K | 0.00 | 0.00 |
ALCOA CORPSOLE | COM | 86.02K | SH | $2.92M 0.43% | 86.02K | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 66.03K | SH | $2.81M 0.41% | 66.03K | 0.00 | 0.00 |
NUCOR CORPSOLE | COM | 13.58K | SH | $2.36M 0.35% | 13.58K | 0.00 | 0.00 |
BHP GROUP LTDSOLE | SPONSORED ADS | 30.60K | SH | $2.09M 0.31% | 30.60K | 0.00 | 0.00 |
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