Filed: 5/15/2024ACC: 0001420506-24-000947
📋 What this filing means
RECURRENT INVESTMENT ADVISORS LLC filed this quarterly 13F‑HR report disclosing 50 equity positions with a total reported market value of $862.54M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
50
Positions
$862.54M
Total AUM (reported)
28M
Total Shares
Allocation by class
COM$575.17M66.7%
COM UT LTD PTN$60.48M7.0%
LTD PARTNR INT A$50.62M5.9%
COM UNIT LP INT$46.08M5.3%
COM NEW$44.15M5.1%
CL A$34.06M3.9%
UT LTD PART$20.61M2.4%
Portfolio Concentration
Top 3$181.07M21.0%
4–10$341.48M39.6%
11–25$310.31M36.0%
Rest$29.68M3.4%
Top 3 weight
21.0%
Top 10 weight
60.6%
Voting Authority Distribution
Total shares with voting rights: 28M
Sole
Full voting authority
28M
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)
Sole50
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings50
Rows:
CENOVUS ENERGY INC
SOLEShares3.03M
TypeSH
Market value$62.15M
7.21%
Sole
3.03M
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares3.84M
TypeSH
Market value$60.48M
7.01%
Sole
3.84M
Shared
0.00
None
0.00
EQUITRANS MIDSTREAM CORP
SOLEShares4.68M
TypeSH
Market value$58.45M
6.78%
Sole
4.68M
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares1.44M
TypeSH
Market value$53.94M
6.25%
Sole
1.44M
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.42M
TypeSH
Market value$50.64M
5.87%
Sole
1.42M
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares2.77M
TypeSH
Market value$50.62M
5.87%
Sole
2.77M
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares305.38K
TypeSH
Market value$49.88M
5.78%
Sole
305.38K
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares599.97K
TypeSH
Market value$48.10M
5.58%
Sole
599.97K
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.30M
TypeSH
Market value$46.08M
5.34%
Sole
1.30M
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares261.96K
TypeSH
Market value$42.22M
4.89%
Sole
261.96K
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares355.31K
TypeSH
Market value$39.79M
4.61%
Sole
355.31K
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.22M
TypeSH
Market value$35.50M
4.12%
Sole
1.22M
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares173.78K
TypeSH
Market value$35.02M
4.06%
Sole
173.78K
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares885.70K
TypeSH
Market value$34.06M
3.95%
Sole
885.70K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.86M
TypeSH
Market value$34.04M
3.95%
Sole
1.86M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares848.45K
TypeSH
Market value$33.06M
3.83%
Sole
848.45K
Shared
0.00
None
0.00
VALERO ENERGY CORP
SOLEShares171.20K
TypeSH
Market value$29.22M
3.39%
Sole
171.20K
Shared
0.00
None
0.00
ALLIANCE RESOURCE PARTNERS L
SOLEShares1.03M
TypeSH
Market value$20.61M
2.39%
Sole
1.03M
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares389.90K
TypeSH
Market value$14.11M
1.64%
Sole
389.90K
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares204.81K
TypeSH
Market value$12.35M
1.43%
Sole
204.81K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares183.02K
TypeSH
Market value$7.36M
0.85%
Sole
183.02K
Shared
0.00
None
0.00
TECK RESOURCES LTD
SOLEShares85.53K
TypeSH
Market value$5.30M
0.61%
Sole
85.53K
Shared
0.00
None
0.00
NUTRIEN LTD
SOLEShares52.69K
TypeSH
Market value$3.88M
0.45%
Sole
52.69K
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares66.03K
TypeSH
Market value$3.10M
0.36%
Sole
66.03K
Shared
0.00
None
0.00
ALCOA CORP
SOLEShares86.02K
TypeSH
Market value$2.91M
0.34%
Sole
86.02K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CENOVUS ENERGY INCSOLE | COM | 3.03M | SH | $62.15M 7.21% | 3.03M | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 3.84M | SH | $60.48M 7.01% | 3.84M | 0.00 | 0.00 |
EQUITRANS MIDSTREAM CORPSOLE | COM | 4.68M | SH | $58.45M 6.78% | 4.68M | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 1.44M | SH | $53.94M 6.25% | 1.44M | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.42M | SH | $50.64M 5.87% | 1.42M | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 2.77M | SH | $50.62M 5.87% | 2.77M | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 305.38K | SH | $49.88M 5.78% | 305.38K | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 599.97K | SH | $48.10M 5.58% | 599.97K | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.30M | SH | $46.08M 5.34% | 1.30M | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 261.96K | SH | $42.22M 4.89% | 261.96K | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 355.31K | SH | $39.79M 4.61% | 355.31K | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.22M | SH | $35.50M 4.12% | 1.22M | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 173.78K | SH | $35.02M 4.06% | 173.78K | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 885.70K | SH | $34.06M 3.95% | 885.70K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.86M | SH | $34.04M 3.95% | 1.86M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 848.45K | SH | $33.06M 3.83% | 848.45K | 0.00 | 0.00 |
VALERO ENERGY CORPSOLE | COM | 171.20K | SH | $29.22M 3.39% | 171.20K | 0.00 | 0.00 |
ALLIANCE RESOURCE PARTNERS LSOLE | UT LTD PART | 1.03M | SH | $20.61M 2.39% | 1.03M | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 389.90K | SH | $14.11M 1.64% | 389.90K | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 204.81K | SH | $12.35M 1.43% | 204.81K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 183.02K | SH | $7.36M 0.85% | 183.02K | 0.00 | 0.00 |
TECK RESOURCES LTDSOLE | CL B | 85.53K | SH | $5.30M 0.61% | 85.53K | 0.00 | 0.00 |
NUTRIEN LTDSOLE | COM | 52.69K | SH | $3.88M 0.45% | 52.69K | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 66.03K | SH | $3.10M 0.36% | 66.03K | 0.00 | 0.00 |
ALCOA CORPSOLE | COM | 86.02K | SH | $2.91M 0.34% | 86.02K | 0.00 | 0.00 |
Page 1 of 2