Filed: 5/15/2026ACC: 0001420506-26-001065
📋 What this filing means
RECURRENT INVESTMENT ADVISORS LLC filed this quarterly 13F‑HR report disclosing 67 equity positions with a total reported market value of $1.66B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
67
Positions
$1.66B
Total AUM (reported)
32.87M
Total Shares
Allocation by class
COM$1.12B67.3%
COM UT LTD PTN$107.35M6.5%
CL A$94.25M5.7%
COM NEW$85.76M5.2%
COM UT REP LP$66.78M4.0%
LTD PARTNR INT A$51.37M3.1%
COMMON STOCK$47.83M2.9%
Portfolio Concentration
Top 3$385.25M23.2%
4–10$587.68M35.4%
11–25$582.97M35.1%
Rest$105.45M6.3%
Top 3 weight
23.2%
Top 10 weight
58.6%
Voting Authority Distribution
Total shares with voting rights: 32.87M
Sole
Full voting authority
32.87M
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)
Sole67
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings67
Rows:
CENOVUS ENERGY INC
SOLEShares5.80M
TypeSH
Market value$159.60M
9.61%
Sole
5.80M
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares471.80K
TypeSH
Market value$118.29M
7.12%
Sole
471.80K
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares5.56M
TypeSH
Market value$107.35M
6.46%
Sole
5.56M
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares1.16M
TypeSH
Market value$104.49M
6.29%
Sole
1.16M
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares1.52M
TypeSH
Market value$101.94M
6.14%
Sole
1.52M
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares300.07K
TypeSH
Market value$85.15M
5.13%
Sole
300.07K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares2.43M
TypeSH
Market value$81.49M
4.91%
Sole
2.43M
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares414.06K
TypeSH
Market value$75.43M
4.54%
Sole
414.06K
Shared
0.00
None
0.00
MURPHY USA INC
SOLEShares146.12K
TypeSH
Market value$71.99M
4.33%
Sole
146.12K
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.49M
TypeSH
Market value$67.19M
4.04%
Sole
1.49M
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares1.03M
TypeSH
Market value$66.78M
4.02%
Sole
1.03M
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.68M
TypeSH
Market value$63.40M
3.82%
Sole
1.68M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares762.87K
TypeSH
Market value$55.52M
3.34%
Sole
762.87K
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares2.12M
TypeSH
Market value$51.37M
3.09%
Sole
2.12M
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares355.16K
TypeSH
Market value$47.83M
2.88%
Sole
355.16K
Shared
0.00
None
0.00
PBF ENERGY INC
SOLEShares1M
TypeSH
Market value$47.76M
2.87%
Sole
1M
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.13M
TypeSH
Market value$46.72M
2.81%
Sole
1.13M
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares989.32K
TypeSH
Market value$46.49M
2.80%
Sole
989.32K
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares180.96K
TypeSH
Market value$44.19M
2.66%
Sole
180.96K
Shared
0.00
None
0.00
SOUTH BOW CORP
SOLEShares1.16M
TypeSH
Market value$38.68M
2.33%
Sole
1.16M
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares465.62K
TypeSH
Market value$25.21M
1.52%
Sole
465.62K
Shared
0.00
None
0.00
DOW HLDGS INC
SOLEShares335.21K
TypeSH
Market value$13.96M
0.84%
Sole
335.21K
Shared
0.00
None
0.00
WESTLAKE CORPORATION
SOLEShares112.79K
TypeSH
Market value$13.18M
0.79%
Sole
112.79K
Shared
0.00
None
0.00
BARRICK MNG CORP
SOLEShares234.76K
TypeSH
Market value$11.37M
0.68%
Sole
234.76K
Shared
0.00
None
0.00
NEWMONT CORP
SOLEShares97.25K
TypeSH
Market value$10.53M
0.63%
Sole
97.25K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CENOVUS ENERGY INCSOLE | COM | 5.80M | SH | $159.60M 9.61% | 5.80M | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 471.80K | SH | $118.29M 7.12% | 471.80K | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 5.56M | SH | $107.35M 6.46% | 5.56M | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 1.16M | SH | $104.49M 6.29% | 1.16M | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 1.52M | SH | $101.94M 6.14% | 1.52M | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 300.07K | SH | $85.15M 5.13% | 300.07K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 2.43M | SH | $81.49M 4.91% | 2.43M | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 414.06K | SH | $75.43M 4.54% | 414.06K | 0.00 | 0.00 |
MURPHY USA INCSOLE | COM | 146.12K | SH | $71.99M 4.33% | 146.12K | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.49M | SH | $67.19M 4.04% | 1.49M | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 1.03M | SH | $66.78M 4.02% | 1.03M | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.68M | SH | $63.40M 3.82% | 1.68M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 762.87K | SH | $55.52M 3.34% | 762.87K | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 2.12M | SH | $51.37M 3.09% | 2.12M | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 355.16K | SH | $47.83M 2.88% | 355.16K | 0.00 | 0.00 |
PBF ENERGY INCSOLE | CL A | 1M | SH | $47.76M 2.87% | 1M | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.13M | SH | $46.72M 2.81% | 1.13M | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 989.32K | SH | $46.49M 2.80% | 989.32K | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 180.96K | SH | $44.19M 2.66% | 180.96K | 0.00 | 0.00 |
SOUTH BOW CORPSOLE | COM | 1.16M | SH | $38.68M 2.33% | 1.16M | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 465.62K | SH | $25.21M 1.52% | 465.62K | 0.00 | 0.00 |
DOW HLDGS INCSOLE | COM | 335.21K | SH | $13.96M 0.84% | 335.21K | 0.00 | 0.00 |
WESTLAKE CORPORATIONSOLE | COM | 112.79K | SH | $13.18M 0.79% | 112.79K | 0.00 | 0.00 |
BARRICK MNG CORPSOLE | COM SHS | 234.76K | SH | $11.37M 0.68% | 234.76K | 0.00 | 0.00 |
NEWMONT CORPSOLE | COM | 97.25K | SH | $10.53M 0.63% | 97.25K | 0.00 | 0.00 |
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