Q2 2025 · 13F-HR
Recurrent Investment Advisors LLCholdings as filed
Filed 2025-08-14 · accession 0001420506-25-002061
$1.24B
Reported value
64
Positions
2025-06-30
Period end
The Brief · Recurrent Investment Advisors LLC · Q2 2025
AI · grounded in 13F
Recurrent Investment Advisors LLC established a new position in CVE valued at $88.1M. The fund also initiated new stakes in ET for $86.9M and OKE for $77.4M. Other new additions include TRGP at $75.9M, LNG at $75.8M, and PBA at $69.7M. The fund ended the period with 64 positions and total AUM of $1.24B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 15135U109 | CVE | CENOVUS ENERGY INC | $88.1M | 7.13% | 6,300,950 | Common | SOLE |
| 29273V100 | ET | ENERGY TRANSFER L P | $86.9M | 7.03% | 4,792,806 | Common | SOLE |
| 682680103 | OKE | ONEOK INC NEW | $77.4M | 6.27% | 948,758 | Common | SOLE |
| 87612G101 | TRGP | TARGA RES CORP | $75.9M | 6.14% | 435,891 | Common | SOLE |
| 16411R208 | LNG | CHENIERE ENERGY INC | $75.8M | 6.13% | 311,278 | Common | SOLE |
| 706327103 | PBA | PEMBINA PIPELINE CORP | $69.7M | 5.64% | 1,851,164 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC NEW | $68.0M | 5.50% | 1,791,431 | Common | SOLE |
| 718546104 | PSX | PHILLIPS 66 | $55.7M | 4.51% | 466,980 | Common | SOLE |
| 293792107 | EPD | ENTERPRISE PRODS PARTNERS L | $54.0M | 4.37% | 1,740,189 | Common | SOLE |
| 72651A207 | PAGP | PLAINS GP HLDGS L P | $52.6M | 4.25% | 2,704,194 | Common | SOLE |
| 958669103 | WES | WESTERN MIDSTREAM PARTNERS L | $52.6M | 4.25% | 1,358,380 | Common | SOLE |
| 69318G106 | PBF | PBF ENERGY INC | $51.7M | 4.19% | 2,387,824 | Common | SOLE |
| 86765K109 | SUN | SUNOCO LP/SUNOCO FIN CORP | $50.0M | 4.05% | 933,586 | Common | SOLE |
| 969457100 | WMB | WILLIAMS COS INC | $47.9M | 3.87% | 761,885 | Common | SOLE |
| 56585A102 | MPC | MARATHON PETE CORP | $46.6M | 3.77% | 280,551 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $43.6M | 3.53% | 1,484,654 | Common | SOLE |
| 83671M105 | SOBO | SOUTH BOW CORP | $41.7M | 3.37% | 1,604,864 | Common | SOLE |
| 23345M107 | DTM | DT MIDSTREAM INC | $38.6M | 3.12% | 350,928 | Common | SOLE |
| 91913Y100 | VLO | VALERO ENERGY CORP | $24.1M | 1.95% | 179,654 | Common | SOLE |
| 29250N105 | ENB | ENBRIDGE INC | $21.0M | 1.70% | 464,099 | Common | SOLE |
| 01877R108 | ARLP | ALLIANCE RESOURCE PARTNERS L | $17.2M | 1.39% | 656,855 | Common | SOLE |
| 927959106 | VNOMUSD | VIPER ENERGY INC | $13.2M | 1.07% | 345,748 | Common | SOLE |
| 87807B107 | TRP | TC ENERGY CORP | $11.0M | 0.89% | 224,854 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $6.2M | 0.50% | 57,766 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $5.6M | 0.45% | 95,509 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $5.3M | 0.43% | 215,805 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $4.0M | 0.32% | 50,060 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $3.9M | 0.31% | 89,261 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $3.0M | 0.25% | 21,224 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $3.0M | 0.24% | 33,272 | Common | SOLE |
| 42809H107 | HES | HESS CORP | $3.0M | 0.24% | 21,308 | Common | SOLE |
| 81211K100 | SDA | SEALED AIR CORP NEW | $2.8M | 0.23% | 90,027 | Common | SOLE |
| 670346105 | NUE | NUCOR CORP | $2.7M | 0.22% | 21,122 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $2.3M | 0.18% | 47,177 | Common | SOLE |
| 576485205 | MTDR | MATADOR RES CO | $2.0M | 0.16% | 42,546 | Common | SOLE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $1.9M | 0.15% | 59,242 | Common | SOLE |
| 25278X109 | FANG | DIAMONDBACK ENERGY INC | $1.6M | 0.13% | 11,756 | Common | SOLE |
| 013872106 | AA | ALCOA CORP | $1.6M | 0.13% | 53,411 | Common | SOLE |
| 406216101 | HAL | HALLIBURTON CO | $1.5M | 0.12% | 72,448 | Common | SOLE |
| 03938L203 | MT | ARCELORMITTAL SA LUXEMBOURG | $1.4M | 0.12% | 53,477 | Common | SOLE |
| 960413102 | WLK | WESTLAKE CORPORATION | $1.4M | 0.11% | 18,104 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $1.3M | 0.11% | 52,591 | Common | SOLE |
| 088606108 | BHP | BHP GROUP LTD | $1.3M | 0.11% | 27,385 | Common | SOLE |
| 237266101 | DAR | DARLING INGREDIENTS INC | $1.2M | 0.10% | 32,152 | Common | SOLE |
| 693483109 | PKX | POSCO HOLDINGS INC | $1.2M | 0.10% | 24,951 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $1.1M | 0.09% | 9,689 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $983,780 | 0.08% | 5,076 | Common | SOLE |
| 91912E105 | VALE | VALE S A | $974,661 | 0.08% | 100,377 | Common | SOLE |
| 228368106 | CCK | CROWN HLDGS INC | $968,630 | 0.08% | 9,406 | Common | SOLE |
| 012653101 | ALB | ALBEMARLE CORP | $957,472 | 0.08% | 15,278 | Common | SOLE |
| 89151E109 | TTEN | TOTALENERGIES SE | $923,183 | 0.07% | 15,038 | Common | SOLE |
| 61945C103 | MOS | MOSAIC CO NEW | $910,431 | 0.07% | 24,957 | Common | SOLE |
| 767204100 | RIO | RIO TINTO PLC | $905,107 | 0.07% | 15,517 | Common | SOLE |
| 626755102 | MUSA | MURPHY USA INC | $809,532 | 0.07% | 1,990 | Common | SOLE |
| 260557103 | DOW | DOW INC | $748,378 | 0.06% | 28,262 | Common | SOLE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $743,962 | 0.06% | 2,305 | Common | SOLE |
| 125269100 | CF | CF INDS HLDGS INC | $713,736 | 0.06% | 7,758 | Common | SOLE |
| 962166104 | WY | WEYERHAEUSER CO MTN BE | $617,588 | 0.05% | 24,040 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $568,426 | 0.05% | 6,192 | Common | SOLE |
| 302491303 | FMC | FMC CORP | $564,251 | 0.05% | 13,515 | Common | SOLE |
| 26875P101 | EOG | EOG RES INC | $554,632 | 0.04% | 4,637 | Common | SOLE |
| 573284106 | MLM | MARTIN MARIETTA MATLS INC | $553,352 | 0.04% | 1,008 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $501,572 | 0.04% | 6,757 | Common | SOLE |
| 039483102 | ADM | ARCHER DANIELS MIDLAND CO | $374,157 | 0.03% | 7,089 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.