Filed: 11/14/2024ACC: 0001420506-24-002436
📋 What this filing means
RECURRENT INVESTMENT ADVISORS LLC filed this quarterly 13F‑HR report disclosing 54 equity positions with a total reported market value of $1.01B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
54
Positions
$1.01B
Total AUM (reported)
28.03M
Total Shares
Allocation by class
COM$609.57M60.6%
COM UT LTD PTN$73.53M7.3%
COM NEW$67.86M6.7%
COM UNIT LP INT$53.45M5.3%
LTD PARTNR INT A$51.04M5.1%
COM UT REP LP$46.39M4.6%
CL A$34.27M3.4%
Portfolio Concentration
Top 3$211.29M21.0%
4–10$396.45M39.4%
11–25$364.76M36.3%
Rest$33.28M3.3%
Top 3 weight
21.0%
Top 10 weight
60.4%
Voting Authority Distribution
Total shares with voting rights: 28.03M
Sole
Full voting authority
28.03M
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)
Sole54
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings54
Rows:
ENERGY TRANSFER L P
SOLEShares4.58M
TypeSH
Market value$73.53M
7.31%
Sole
4.58M
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares4.10M
TypeSH
Market value$69.76M
6.94%
Sole
4.10M
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.64M
TypeSH
Market value$67.99M
6.76%
Sole
1.64M
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares367.74K
TypeSH
Market value$66.13M
6.58%
Sole
367.74K
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares1.66M
TypeSH
Market value$61.98M
6.16%
Sole
1.66M
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares667.55K
TypeSH
Market value$60.83M
6.05%
Sole
667.55K
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares362.04K
TypeSH
Market value$53.59M
5.33%
Sole
362.04K
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.40M
TypeSH
Market value$53.45M
5.31%
Sole
1.40M
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares2.75M
TypeSH
Market value$51.04M
5.07%
Sole
2.75M
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares376.01K
TypeSH
Market value$49.43M
4.91%
Sole
376.01K
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.61M
TypeSH
Market value$46.83M
4.66%
Sole
1.61M
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares864.18K
TypeSH
Market value$46.39M
4.61%
Sole
864.18K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.89M
TypeSH
Market value$41.81M
4.16%
Sole
1.89M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares860.98K
TypeSH
Market value$39.30M
3.91%
Sole
860.98K
Shared
0.00
None
0.00
ALLIANCE RESOURCE PARTNERS L
SOLEShares1.15M
TypeSH
Market value$28.63M
2.85%
Sole
1.15M
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares327.86K
TypeSH
Market value$25.79M
2.56%
Sole
327.86K
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares151.19K
TypeSH
Market value$24.63M
2.45%
Sole
151.19K
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares504.33K
TypeSH
Market value$22.75M
2.26%
Sole
504.33K
Shared
0.00
None
0.00
VALERO ENERGY CORP
SOLEShares165.93K
TypeSH
Market value$22.40M
2.23%
Sole
165.93K
Shared
0.00
None
0.00
EQT CORP
SOLEShares579.09K
TypeSH
Market value$21.22M
2.11%
Sole
579.09K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares455.22K
TypeSH
Market value$18.49M
1.84%
Sole
455.22K
Shared
0.00
None
0.00
PBF ENERGY INC
SOLEShares372.08K
TypeSH
Market value$11.52M
1.14%
Sole
372.08K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares183.28K
TypeSH
Market value$8.71M
0.87%
Sole
183.28K
Shared
0.00
None
0.00
NUTRIEN LTD
SOLEShares50.56K
TypeSH
Market value$3.28M
0.33%
Sole
50.56K
Shared
0.00
None
0.00
ALCOA CORP
SOLEShares78.07K
TypeSH
Market value$3.01M
0.30%
Sole
78.07K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 4.58M | SH | $73.53M 7.31% | 4.58M | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 4.10M | SH | $69.76M 6.94% | 4.10M | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.64M | SH | $67.99M 6.76% | 1.64M | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 367.74K | SH | $66.13M 6.58% | 367.74K | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 1.66M | SH | $61.98M 6.16% | 1.66M | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 667.55K | SH | $60.83M 6.05% | 667.55K | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 362.04K | SH | $53.59M 5.33% | 362.04K | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.40M | SH | $53.45M 5.31% | 1.40M | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 2.75M | SH | $51.04M 5.07% | 2.75M | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 376.01K | SH | $49.43M 4.91% | 376.01K | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.61M | SH | $46.83M 4.66% | 1.61M | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 864.18K | SH | $46.39M 4.61% | 864.18K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.89M | SH | $41.81M 4.16% | 1.89M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 860.98K | SH | $39.30M 3.91% | 860.98K | 0.00 | 0.00 |
ALLIANCE RESOURCE PARTNERS LSOLE | UT LTD PART | 1.15M | SH | $28.63M 2.85% | 1.15M | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 327.86K | SH | $25.79M 2.56% | 327.86K | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 151.19K | SH | $24.63M 2.45% | 151.19K | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 504.33K | SH | $22.75M 2.26% | 504.33K | 0.00 | 0.00 |
VALERO ENERGY CORPSOLE | COM | 165.93K | SH | $22.40M 2.23% | 165.93K | 0.00 | 0.00 |
EQT CORPSOLE | COM | 579.09K | SH | $21.22M 2.11% | 579.09K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 455.22K | SH | $18.49M 1.84% | 455.22K | 0.00 | 0.00 |
PBF ENERGY INCSOLE | CL A | 372.08K | SH | $11.52M 1.14% | 372.08K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 183.28K | SH | $8.71M 0.87% | 183.28K | 0.00 | 0.00 |
NUTRIEN LTDSOLE | COM | 50.56K | SH | $3.28M 0.33% | 50.56K | 0.00 | 0.00 |
ALCOA CORPSOLE | COM | 78.07K | SH | $3.01M 0.30% | 78.07K | 0.00 | 0.00 |
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