Filed: 8/14/2026ACC: 0001420506-26-001686
📋 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 $1.61B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
71
Positions
$1.61B
Total AUM (reported)
34.84M
Total Shares
Allocation by class
COM$1.05B65.4%
COM UT LTD PTN$113.48M7.0%
COM UT REP LP$77.59M4.8%
COM NEW$72.63M4.5%
CL A$53.05M3.3%
COMMON STOCK$52.12M3.2%
COM UNIT LP INT$49.59M3.1%
Portfolio Concentration
Top 3$362.28M22.5%
4–10$555.79M34.5%
11–25$570.15M35.4%
Rest$122.74M7.6%
Top 3 weight
22.5%
Top 10 weight
57.0%
Voting Authority Distribution
Total shares with voting rights: 34.84M
Sole
Full voting authority
34.84M
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:
TARGA RES CORP
SOLEShares470.64K
TypeSH
Market value$126.20M
7.83%
Sole
470.64K
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares4.74M
TypeSH
Market value$122.60M
7.61%
Sole
4.74M
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares5.94M
TypeSH
Market value$113.48M
7.04%
Sole
5.94M
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares1.16M
TypeSH
Market value$100.85M
6.26%
Sole
1.16M
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares2.58M
TypeSH
Market value$82.44M
5.12%
Sole
2.58M
Shared
0.00
None
0.00
MURPHY USA INC
SOLEShares146.26K
TypeSH
Market value$78.59M
4.88%
Sole
146.26K
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares1.15M
TypeSH
Market value$77.59M
4.82%
Sole
1.15M
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares2.03M
TypeSH
Market value$74.67M
4.64%
Sole
2.03M
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares301.35K
TypeSH
Market value$72.03M
4.47%
Sole
301.35K
Shared
0.00
None
0.00
PEMBINA PIPELINE CORP
SOLEShares1.50M
TypeSH
Market value$69.63M
4.32%
Sole
1.50M
Shared
0.00
None
0.00
PHILLIPS 66
SOLEShares403.02K
TypeSH
Market value$68.13M
4.23%
Sole
403.02K
Shared
0.00
None
0.00
SUNCOR ENERGY INC NEW
SOLEShares1.15M
TypeSH
Market value$62.73M
3.89%
Sole
1.15M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares762.87K
TypeSH
Market value$56.71M
3.52%
Sole
762.87K
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares355.15K
TypeSH
Market value$52.12M
3.24%
Sole
355.15K
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.13M
TypeSH
Market value$49.59M
3.08%
Sole
1.13M
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares882.89K
TypeSH
Market value$47.86M
2.97%
Sole
882.89K
Shared
0.00
None
0.00
PLAINS GP HLDGS L P
SOLEShares1.79M
TypeSH
Market value$43.60M
2.71%
Sole
1.79M
Shared
0.00
None
0.00
SOUTH BOW CORP
SOLEShares1.16M
TypeSH
Market value$40.83M
2.53%
Sole
1.16M
Shared
0.00
None
0.00
PBF ENERGY INC
SOLEShares729.53K
TypeSH
Market value$33.21M
2.06%
Sole
729.53K
Shared
0.00
None
0.00
MPLX LP
SOLEShares544.71K
TypeSH
Market value$30.68M
1.90%
Sole
544.71K
Shared
0.00
None
0.00
VENTURE GLOBAL INC
SOLEShares2.03M
TypeSH
Market value$22.55M
1.40%
Sole
2.03M
Shared
0.00
None
0.00
MARATHON PETE CORP
SOLEShares85.80K
TypeSH
Market value$21.94M
1.36%
Sole
85.80K
Shared
0.00
None
0.00
VIPER ENERGY INC
SOLEShares468.06K
TypeSH
Market value$19.85M
1.23%
Sole
468.06K
Shared
0.00
None
0.00
BARRICK MNG CORP
SOLEShares234.84K
TypeSH
Market value$10.35M
0.64%
Sole
234.84K
Shared
0.00
None
0.00
DOW HLDGS INC
SOLEShares365.81K
TypeSH
Market value$10.01M
0.62%
Sole
365.81K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
TARGA RES CORPSOLE | COM | 470.64K | SH | $126.20M 7.83% | 470.64K | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 4.74M | SH | $122.60M 7.61% | 4.74M | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 5.94M | SH | $113.48M 7.04% | 5.94M | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 1.16M | SH | $100.85M 6.26% | 1.16M | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 2.58M | SH | $82.44M 5.12% | 2.58M | 0.00 | 0.00 |
MURPHY USA INCSOLE | COM | 146.26K | SH | $78.59M 4.88% | 146.26K | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 1.15M | SH | $77.59M 4.82% | 1.15M | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 2.03M | SH | $74.67M 4.64% | 2.03M | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 301.35K | SH | $72.03M 4.47% | 301.35K | 0.00 | 0.00 |
PEMBINA PIPELINE CORPSOLE | COM | 1.50M | SH | $69.63M 4.32% | 1.50M | 0.00 | 0.00 |
PHILLIPS 66SOLE | COM | 403.02K | SH | $68.13M 4.23% | 403.02K | 0.00 | 0.00 |
SUNCOR ENERGY INC NEWSOLE | COM | 1.15M | SH | $62.73M 3.89% | 1.15M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 762.87K | SH | $56.71M 3.52% | 762.87K | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 355.15K | SH | $52.12M 3.24% | 355.15K | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.13M | SH | $49.59M 3.08% | 1.13M | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 882.89K | SH | $47.86M 2.97% | 882.89K | 0.00 | 0.00 |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 1.79M | SH | $43.60M 2.71% | 1.79M | 0.00 | 0.00 |
SOUTH BOW CORPSOLE | COM | 1.16M | SH | $40.83M 2.53% | 1.16M | 0.00 | 0.00 |
PBF ENERGY INCSOLE | CL A | 729.53K | SH | $33.21M 2.06% | 729.53K | 0.00 | 0.00 |
MPLX LPSOLE | COM UNIT REP LTD | 544.71K | SH | $30.68M 1.90% | 544.71K | 0.00 | 0.00 |
VENTURE GLOBAL INCSOLE | COM CL A | 2.03M | SH | $22.55M 1.40% | 2.03M | 0.00 | 0.00 |
MARATHON PETE CORPSOLE | COM | 85.80K | SH | $21.94M 1.36% | 85.80K | 0.00 | 0.00 |
VIPER ENERGY INCSOLE | CL A | 468.06K | SH | $19.85M 1.23% | 468.06K | 0.00 | 0.00 |
BARRICK MNG CORPSOLE | COM SHS | 234.84K | SH | $10.35M 0.64% | 234.84K | 0.00 | 0.00 |
DOW HLDGS INCSOLE | COM | 365.81K | SH | $10.01M 0.62% | 365.81K | 0.00 | 0.00 |
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