Filed: 2/13/2026ACC: 0001420506-26-000354
📋 What this filing means
RECURRENT INVESTMENT ADVISORS LLC filed this quarterly 13F‑HR report disclosing 71 equity positions with a total reported market value of $1.35B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
71
Positions
$1.35B
Total AUM (reported)
34.51M
Total Shares
Allocation by class
COM$938.86M69.4%
COM UT LTD PTN$88.24M6.5%
CL A$61.84M4.6%
COM UNIT LP INT$52.88M3.9%
COM NEW$51.98M3.8%
LTD PARTNR INT A$46.59M3.4%
COMMON STOCK$42.34M3.1%
Portfolio Concentration
Top 3$296.82M21.9%
4–10$471.46M34.9%
11–25$505.90M37.4%
Rest$78.23M5.8%
Top 3 weight
21.9%
Top 10 weight
56.8%
Voting Authority Distribution
Total shares with voting rights: 34.51M
Sole
Full voting authority
34.51M
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)
Sole71
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings71
Rows:
CENOVUS ENERGY INC
SOLEShares6.36M
TypeSH
Market value$111.06M
8.21%
Sole
6.36M
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares528.55K
TypeSH
Market value$97.52M
7.21%
Sole
528.55K
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares5.35M
TypeSH
Market value$88.24M
6.52%
Sole
5.35M
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares1.15M
TypeSH
Market value$84.73M
6.27%
Sole
1.15M
Shared
0.00
None
0.00
KEYCORP
SOLEShares1.92M
TypeSH
Market value$84.52M
6.25%
Sole
1.92M
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares1.76M
TypeSH
Market value$79.17M
5.85%
Sole
1.76M
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares454.74K
TypeSH
Market value$58.68M
4.34%
Sole
454.74K
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.49M
TypeSH
Market value$56.95M
4.21%
Sole
1.49M
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.70M
TypeSH
Market value$54.52M
4.03%
Sole
1.70M
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.34M
TypeSH
Market value$52.88M
3.91%
Sole
1.34M
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares264.47K
TypeSH
Market value$51.41M
3.80%
Sole
264.47K
Shared
0.00
None
0.00
MURPHY USA INC
SOLEShares118.61K
TypeSH
Market value$47.75M
3.53%
Sole
118.61K
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares2.43M
TypeSH
Market value$46.59M
3.44%
Sole
2.43M
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares281.63K
TypeSH
Market value$45.80M
3.39%
Sole
281.63K
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares760.63K
TypeSH
Market value$45.72M
3.38%
Sole
760.63K
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares353.79K
TypeSH
Market value$42.34M
3.13%
Sole
353.79K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.49M
TypeSH
Market value$40.84M
3.02%
Sole
1.49M
Shared
0.00
None
0.00
SOUTH BOW CORP
SOLEShares1.37M
TypeSH
Market value$37.79M
2.79%
Sole
1.37M
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares678.62K
TypeSH
Market value$35.57M
2.63%
Sole
678.62K
Shared
0.00
None
0.00
PBF ENERGY INC
SOLEShares1.25M
TypeSH
Market value$33.92M
2.51%
Sole
1.25M
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares722.62K
TypeSH
Market value$27.91M
2.06%
Sole
722.62K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares463.22K
TypeSH
Market value$22.16M
1.64%
Sole
463.22K
Shared
0.00
None
0.00
BARRICK MNG CORP
SOLEShares229.72K
TypeSH
Market value$11.73M
0.87%
Sole
229.72K
Shared
0.00
None
0.00
NEWMONT CORP
SOLEShares94.75K
TypeSH
Market value$9.46M
0.70%
Sole
94.75K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares57.40K
TypeSH
Market value$6.91M
0.51%
Sole
57.40K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CENOVUS ENERGY INCSOLE | COM | 6.36M | SH | $111.06M 8.21% | 6.36M | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 528.55K | SH | $97.52M 7.21% | 528.55K | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 5.35M | SH | $88.24M 6.52% | 5.35M | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 1.15M | SH | $84.73M 6.27% | 1.15M | 0.00 | 0.00 |
KEYCORPSOLE | COM | 1.92M | SH | $84.52M 6.25% | 1.92M | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 1.76M | SH | $79.17M 5.85% | 1.76M | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 454.74K | SH | $58.68M 4.34% | 454.74K | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.49M | SH | $56.95M 4.21% | 1.49M | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.70M | SH | $54.52M 4.03% | 1.70M | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.34M | SH | $52.88M 3.91% | 1.34M | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 264.47K | SH | $51.41M 3.80% | 264.47K | 0.00 | 0.00 |
MURPHY USA INCSOLE | COM | 118.61K | SH | $47.75M 3.53% | 118.61K | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 2.43M | SH | $46.59M 3.44% | 2.43M | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 281.63K | SH | $45.80M 3.39% | 281.63K | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 760.63K | SH | $45.72M 3.38% | 760.63K | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 353.79K | SH | $42.34M 3.13% | 353.79K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.49M | SH | $40.84M 3.02% | 1.49M | 0.00 | 0.00 |
SOUTH BOW CORPSOLE | COM | 1.37M | SH | $37.79M 2.79% | 1.37M | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 678.62K | SH | $35.57M 2.63% | 678.62K | 0.00 | 0.00 |
PBF ENERGY INCSOLE | CL A | 1.25M | SH | $33.92M 2.51% | 1.25M | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 722.62K | SH | $27.91M 2.06% | 722.62K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 463.22K | SH | $22.16M 1.64% | 463.22K | 0.00 | 0.00 |
BARRICK MNG CORPSOLE | COM SHS | 229.72K | SH | $11.73M 0.87% | 229.72K | 0.00 | 0.00 |
NEWMONT CORPSOLE | COM | 94.75K | SH | $9.46M 0.70% | 94.75K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 57.40K | SH | $6.91M 0.51% | 57.40K | 0.00 | 0.00 |
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