Filed: 2/14/2025ACC: 0001420506-25-000549
📋 What this filing means
RECURRENT INVESTMENT ADVISORS LLC filed this quarterly 13F‑HR report disclosing 65 equity positions with a total reported market value of $1.09B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
65
Positions
$1.09B
Total AUM (reported)
29.18M
Total Shares
Allocation by class
COM$646.91M59.4%
COM UT LTD PTN$92.48M8.5%
COM NEW$81.13M7.4%
COM UNIT LP INT$53.72M4.9%
LTD PARTNR INT A$49.78M4.6%
COM UT REP LP$45.72M4.2%
CL A$42.34M3.9%
Portfolio Concentration
Top 3$245.24M22.5%
4–10$415.41M38.1%
11–25$379.51M34.8%
Rest$49.31M4.5%
Top 3 weight
22.5%
Top 10 weight
60.6%
Voting Authority Distribution
Total shares with voting rights: 29.18M
Sole
Full voting authority
29.18M
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)
Sole65
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings65
Rows:
ENERGY TRANSFER L P
SOLEShares4.72M
TypeSH
Market value$92.48M
8.49%
Sole
4.72M
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares371.71K
TypeSH
Market value$79.87M
7.33%
Sole
371.71K
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares4.63M
TypeSH
Market value$72.89M
6.69%
Sole
4.63M
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares658.80K
TypeSH
Market value$66.14M
6.07%
Sole
658.80K
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares357.29K
TypeSH
Market value$63.78M
5.85%
Sole
357.29K
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares1.72M
TypeSH
Market value$62.33M
5.72%
Sole
1.72M
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.62M
TypeSH
Market value$60.18M
5.52%
Sole
1.62M
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.85M
TypeSH
Market value$57.87M
5.31%
Sole
1.85M
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.40M
TypeSH
Market value$53.72M
4.93%
Sole
1.40M
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.88M
TypeSH
Market value$51.39M
4.72%
Sole
1.88M
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares2.70M
TypeSH
Market value$49.78M
4.57%
Sole
2.70M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares852.02K
TypeSH
Market value$46.11M
4.23%
Sole
852.02K
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares888.86K
TypeSH
Market value$45.72M
4.20%
Sole
888.86K
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares393.34K
TypeSH
Market value$44.81M
4.11%
Sole
393.34K
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares339.53K
TypeSH
Market value$33.76M
3.10%
Sole
339.53K
Shared
0.00
None
0.00
ALLIANCE RESOURCE PARTNERS L
SOLEShares1.15M
TypeSH
Market value$30.26M
2.78%
Sole
1.15M
Shared
0.00
None
0.00
PBF ENERGY INC
SOLEShares945.24K
TypeSH
Market value$25.10M
2.30%
Sole
945.24K
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares175.06K
TypeSH
Market value$24.42M
2.24%
Sole
175.06K
Shared
0.00
None
0.00
VALERO ENERGY CORP
SOLEShares178.27K
TypeSH
Market value$21.85M
2.01%
Sole
178.27K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares461.10K
TypeSH
Market value$19.56M
1.80%
Sole
461.10K
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares344.57K
TypeSH
Market value$16.91M
1.55%
Sole
344.57K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares202.33K
TypeSH
Market value$9.41M
0.86%
Sole
202.33K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares51.33K
TypeSH
Market value$5.52M
0.51%
Sole
51.33K
Shared
0.00
None
0.00
CONOCOPHILLIPS
SOLEShares32.44K
TypeSH
Market value$3.22M
0.30%
Sole
32.44K
Shared
0.00
None
0.00
CHEVRON CORP NEW
SOLEShares21.15K
TypeSH
Market value$3.06M
0.28%
Sole
21.15K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 4.72M | SH | $92.48M 8.49% | 4.72M | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 371.71K | SH | $79.87M 7.33% | 371.71K | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 4.63M | SH | $72.89M 6.69% | 4.63M | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 658.80K | SH | $66.14M 6.07% | 658.80K | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 357.29K | SH | $63.78M 5.85% | 357.29K | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 1.72M | SH | $62.33M 5.72% | 1.72M | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.62M | SH | $60.18M 5.52% | 1.62M | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.85M | SH | $57.87M 5.31% | 1.85M | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.40M | SH | $53.72M 4.93% | 1.40M | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.88M | SH | $51.39M 4.72% | 1.88M | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 2.70M | SH | $49.78M 4.57% | 2.70M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 852.02K | SH | $46.11M 4.23% | 852.02K | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 888.86K | SH | $45.72M 4.20% | 888.86K | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 393.34K | SH | $44.81M 4.11% | 393.34K | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 339.53K | SH | $33.76M 3.10% | 339.53K | 0.00 | 0.00 |
ALLIANCE RESOURCE PARTNERS LSOLE | UT LTD PART | 1.15M | SH | $30.26M 2.78% | 1.15M | 0.00 | 0.00 |
PBF ENERGY INCSOLE | CL A | 945.24K | SH | $25.10M 2.30% | 945.24K | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 175.06K | SH | $24.42M 2.24% | 175.06K | 0.00 | 0.00 |
VALERO ENERGY CORPSOLE | COM | 178.27K | SH | $21.85M 2.01% | 178.27K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 461.10K | SH | $19.56M 1.80% | 461.10K | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 344.57K | SH | $16.91M 1.55% | 344.57K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 202.33K | SH | $9.41M 0.86% | 202.33K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 51.33K | SH | $5.52M 0.51% | 51.33K | 0.00 | 0.00 |
CONOCOPHILLIPSSOLE | COM | 32.44K | SH | $3.22M 0.30% | 32.44K | 0.00 | 0.00 |
CHEVRON CORP NEWSOLE | COM | 21.15K | SH | $3.06M 0.28% | 21.15K | 0.00 | 0.00 |
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