Filed: 5/15/2025ACC: 0001420506-25-001207
📋 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 $1.18B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
65
Positions
$1.18B
Total AUM (reported)
30.71M
Total Shares
Allocation by class
COM$710.73M60.2%
COM UT LTD PTN$87.84M7.4%
COM NEW$87.46M7.4%
LTD PARTNR INT A$57.72M4.9%
COM UNIT LP INT$55.61M4.7%
COM UT REP LP$54.16M4.6%
CL A$43.52M3.7%
Portfolio Concentration
Top 3$253.67M21.5%
4–10$452.23M38.3%
11–25$420.13M35.6%
Rest$54.39M4.6%
Top 3 weight
21.5%
Top 10 weight
59.8%
Voting Authority Distribution
Total shares with voting rights: 30.71M
Sole
Full voting authority
30.71M
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
SOLEShares4.73M
TypeSH
Market value$87.84M
7.44%
Sole
4.73M
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares372.46K
TypeSH
Market value$86.19M
7.30%
Sole
372.46K
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.98M
TypeSH
Market value$79.64M
6.75%
Sole
1.98M
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares357.71K
TypeSH
Market value$71.71M
6.07%
Sole
357.71K
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares4.90M
TypeSH
Market value$70.83M
6.00%
Sole
4.90M
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares1.79M
TypeSH
Market value$70.32M
5.96%
Sole
1.79M
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares677.35K
TypeSH
Market value$67.21M
5.69%
Sole
677.35K
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.72M
TypeSH
Market value$58.83M
4.98%
Sole
1.72M
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares2.70M
TypeSH
Market value$57.72M
4.89%
Sole
2.70M
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.36M
TypeSH
Market value$55.61M
4.71%
Sole
1.36M
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares932.86K
TypeSH
Market value$54.16M
4.59%
Sole
932.86K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.89M
TypeSH
Market value$53.80M
4.56%
Sole
1.89M
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares415.61K
TypeSH
Market value$51.32M
4.35%
Sole
415.61K
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares851.52K
TypeSH
Market value$50.89M
4.31%
Sole
851.52K
Shared
0.00
None
0.00
ALLIANCE RESOURCE PARTNERS L
SOLEShares1.32M
TypeSH
Market value$36.01M
3.05%
Sole
1.32M
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares350.18K
TypeSH
Market value$33.79M
2.86%
Sole
350.18K
Shared
0.00
None
0.00
PBF ENERGY INC
SOLEShares1.46M
TypeSH
Market value$27.94M
2.37%
Sole
1.46M
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares184.40K
TypeSH
Market value$26.87M
2.28%
Sole
184.40K
Shared
0.00
None
0.00
VALERO ENERGY CORP
SOLEShares179.37K
TypeSH
Market value$23.69M
2.01%
Sole
179.37K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares463.55K
TypeSH
Market value$20.54M
1.74%
Sole
463.55K
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares345.14K
TypeSH
Market value$15.58M
1.32%
Sole
345.14K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares223.89K
TypeSH
Market value$10.57M
0.90%
Sole
223.89K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares52.13K
TypeSH
Market value$6.20M
0.53%
Sole
52.13K
Shared
0.00
None
0.00
BARRICK GOLD CORP
SOLEShares215.13K
TypeSH
Market value$5.09M
0.43%
Sole
215.13K
Shared
0.00
None
0.00
NEWMONT CORP
SOLEShares76.59K
TypeSH
Market value$3.70M
0.31%
Sole
76.59K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 4.73M | SH | $87.84M 7.44% | 4.73M | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 372.46K | SH | $86.19M 7.30% | 372.46K | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.98M | SH | $79.64M 6.75% | 1.98M | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 357.71K | SH | $71.71M 6.07% | 357.71K | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 4.90M | SH | $70.83M 6.00% | 4.90M | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 1.79M | SH | $70.32M 5.96% | 1.79M | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 677.35K | SH | $67.21M 5.69% | 677.35K | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.72M | SH | $58.83M 4.98% | 1.72M | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 2.70M | SH | $57.72M 4.89% | 2.70M | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.36M | SH | $55.61M 4.71% | 1.36M | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 932.86K | SH | $54.16M 4.59% | 932.86K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.89M | SH | $53.80M 4.56% | 1.89M | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 415.61K | SH | $51.32M 4.35% | 415.61K | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 851.52K | SH | $50.89M 4.31% | 851.52K | 0.00 | 0.00 |
ALLIANCE RESOURCE PARTNERS LSOLE | UT LTD PART | 1.32M | SH | $36.01M 3.05% | 1.32M | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 350.18K | SH | $33.79M 2.86% | 350.18K | 0.00 | 0.00 |
PBF ENERGY INCSOLE | CL A | 1.46M | SH | $27.94M 2.37% | 1.46M | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 184.40K | SH | $26.87M 2.28% | 184.40K | 0.00 | 0.00 |
VALERO ENERGY CORPSOLE | COM | 179.37K | SH | $23.69M 2.01% | 179.37K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 463.55K | SH | $20.54M 1.74% | 463.55K | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 345.14K | SH | $15.58M 1.32% | 345.14K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 223.89K | SH | $10.57M 0.90% | 223.89K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 52.13K | SH | $6.20M 0.53% | 52.13K | 0.00 | 0.00 |
BARRICK GOLD CORPSOLE | COM | 215.13K | SH | $5.09M 0.43% | 215.13K | 0.00 | 0.00 |
NEWMONT CORPSOLE | COM | 76.59K | SH | $3.70M 0.31% | 76.59K | 0.00 | 0.00 |
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