Filed: 8/14/2024ACC: 0001420506-24-001533
📋 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 $949.94M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
51
Positions
$949.94M
Total AUM (reported)
27.72M
Total Shares
Allocation by class
COM$578.56M60.9%
COM UT LTD PTN$68.80M7.2%
COM NEW$64.57M6.8%
COM UNIT LP INT$52.68M5.5%
LTD PARTNR INT A$52.13M5.5%
COM UT REP LP$37.80M4.0%
CL A$30.50M3.2%
Portfolio Concentration
Top 3$205.53M21.6%
4–10$371.42M39.1%
11–25$342.56M36.1%
Rest$30.43M3.2%
Top 3 weight
21.6%
Top 10 weight
60.7%
Voting Authority Distribution
Total shares with voting rights: 27.72M
Sole
Full voting authority
27.72M
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
SOLEShares3.67M
TypeSH
Market value$73.75M
7.76%
Sole
3.67M
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares4.24M
TypeSH
Market value$68.80M
7.24%
Sole
4.24M
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares360.25K
TypeSH
Market value$62.98M
6.63%
Sole
360.25K
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.60M
TypeSH
Market value$59.65M
6.28%
Sole
1.60M
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares1.46M
TypeSH
Market value$56.73M
5.97%
Sole
1.46M
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares692.36K
TypeSH
Market value$56.46M
5.94%
Sole
692.36K
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.33M
TypeSH
Market value$52.68M
5.55%
Sole
1.33M
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares2.77M
TypeSH
Market value$52.13M
5.49%
Sole
2.77M
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares332.59K
TypeSH
Market value$46.95M
4.94%
Sole
332.59K
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares363.46K
TypeSH
Market value$46.81M
4.93%
Sole
363.46K
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.55M
TypeSH
Market value$45.05M
4.74%
Sole
1.55M
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares668.59K
TypeSH
Market value$37.80M
3.98%
Sole
668.59K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.90M
TypeSH
Market value$37.74M
3.97%
Sole
1.90M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares859.23K
TypeSH
Market value$36.52M
3.84%
Sole
859.23K
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares812.74K
TypeSH
Market value$30.50M
3.21%
Sole
812.74K
Shared
0.00
None
0.00
ALLIANCE RESOURCE PARTNERS L
SOLEShares1.08M
TypeSH
Market value$26.38M
2.78%
Sole
1.08M
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares149.15K
TypeSH
Market value$25.88M
2.72%
Sole
149.15K
Shared
0.00
None
0.00
VALERO ENERGY CORP
SOLEShares152.06K
TypeSH
Market value$23.84M
2.51%
Sole
152.06K
Shared
0.00
None
0.00
EQUITRANS MIDSTREAM CORP
SOLEShares1.69M
TypeSH
Market value$21.90M
2.31%
Sole
1.69M
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares298.70K
TypeSH
Market value$21.22M
2.23%
Sole
298.70K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares456.24K
TypeSH
Market value$16.24M
1.71%
Sole
456.24K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares183.59K
TypeSH
Market value$6.96M
0.73%
Sole
183.59K
Shared
0.00
None
0.00
TECK RESOURCES LTD
SOLEShares83.37K
TypeSH
Market value$5.46M
0.57%
Sole
83.37K
Shared
0.00
None
0.00
NUTRIEN LTD
SOLEShares54.14K
TypeSH
Market value$3.77M
0.40%
Sole
54.14K
Shared
0.00
None
0.00
ALCOA CORP
SOLEShares83.57K
TypeSH
Market value$3.32M
0.35%
Sole
83.57K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CENOVUS ENERGY INCSOLE | COM | 3.67M | SH | $73.75M 7.76% | 3.67M | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 4.24M | SH | $68.80M 7.24% | 4.24M | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 360.25K | SH | $62.98M 6.63% | 360.25K | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.60M | SH | $59.65M 6.28% | 1.60M | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 1.46M | SH | $56.73M 5.97% | 1.46M | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 692.36K | SH | $56.46M 5.94% | 692.36K | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.33M | SH | $52.68M 5.55% | 1.33M | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 2.77M | SH | $52.13M 5.49% | 2.77M | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 332.59K | SH | $46.95M 4.94% | 332.59K | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 363.46K | SH | $46.81M 4.93% | 363.46K | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.55M | SH | $45.05M 4.74% | 1.55M | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 668.59K | SH | $37.80M 3.98% | 668.59K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.90M | SH | $37.74M 3.97% | 1.90M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 859.23K | SH | $36.52M 3.84% | 859.23K | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 812.74K | SH | $30.50M 3.21% | 812.74K | 0.00 | 0.00 |
ALLIANCE RESOURCE PARTNERS LSOLE | UT LTD PART | 1.08M | SH | $26.38M 2.78% | 1.08M | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 149.15K | SH | $25.88M 2.72% | 149.15K | 0.00 | 0.00 |
VALERO ENERGY CORPSOLE | COM | 152.06K | SH | $23.84M 2.51% | 152.06K | 0.00 | 0.00 |
EQUITRANS MIDSTREAM CORPSOLE | COM | 1.69M | SH | $21.90M 2.31% | 1.69M | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 298.70K | SH | $21.22M 2.23% | 298.70K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 456.24K | SH | $16.24M 1.71% | 456.24K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 183.59K | SH | $6.96M 0.73% | 183.59K | 0.00 | 0.00 |
TECK RESOURCES LTDSOLE | CL B | 83.37K | SH | $5.46M 0.57% | 83.37K | 0.00 | 0.00 |
NUTRIEN LTDSOLE | COM | 54.14K | SH | $3.77M 0.40% | 54.14K | 0.00 | 0.00 |
ALCOA CORPSOLE | COM | 83.57K | SH | $3.32M 0.35% | 83.57K | 0.00 | 0.00 |
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