Q3 2025 · 13F-HR
Recurrent Investment Advisors LLCholdings as filed
Filed 2025-11-13 · accession 0001420506-25-003193
$1.30B
Reported value
64
Positions
2025-09-30
Period end
The Brief · Recurrent Investment Advisors LLC · Q3 2025
AI · grounded in 13F
Recurrent Investment Advisors LLC significantly reduced its stake in VLO, trimming shares by 93.733%. The fund established a new position in VNOM worth $13.22M and increased its holding in MUSA by 4,972.46%. Additionally, the firm closed its position in HES, resulting in a negative delta of $2.95M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 15135U109 | CVE | CENOVUS ENERGY INC | $112.4M | 8.62% | 6,422,579 | Common | SOLE |
| 29273V100 | ET | ENERGY TRANSFER L P | $85.6M | 6.56% | 4,986,943 | Common | SOLE |
| 87612G101 | TRGP | TARGA RES CORP | $84.9M | 6.51% | 507,014 | Common | SOLE |
| 682680103 | OKE | ONEOK INC NEW | $81.4M | 6.24% | 1,115,396 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC NEW | $75.8M | 5.81% | 1,787,675 | Common | SOLE |
| 706327103 | PBA | PEMBINA PIPELINE CORP | $69.0M | 5.29% | 1,699,083 | Common | SOLE |
| 718546104 | PSX | PHILLIPS 66 | $63.2M | 4.84% | 464,470 | Common | SOLE |
| 16411R208 | LNG | CHENIERE ENERGY INC | $63.1M | 4.84% | 268,456 | Common | SOLE |
| 293792107 | EPD | ENTERPRISE PRODS PARTNERS L | $54.3M | 4.17% | 1,737,572 | Common | SOLE |
| 56585A102 | MPC | MARATHON PETE CORP | $54.1M | 4.15% | 280,862 | Common | SOLE |
| 69318G106 | PBF | PBF ENERGY INC | $53.5M | 4.10% | 1,772,106 | Common | SOLE |
| 958669103 | WES | WESTERN MIDSTREAM PARTNERS L | $53.3M | 4.09% | 1,357,697 | Common | SOLE |
| 969457100 | WMB | WILLIAMS COS INC | $48.1M | 3.69% | 759,920 | Common | SOLE |
| 86765K109 | SUN | SUNOCO LP/SUNOCO FIN CORP | $46.7M | 3.58% | 934,137 | Common | SOLE |
| 83671M105 | SOBO | SOUTH BOW CORP | $45.6M | 3.49% | 1,605,964 | Common | SOLE |
| 72651A207 | PAGP | PLAINS GP HLDGS L P | $44.4M | 3.40% | 2,433,011 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $41.7M | 3.20% | 1,474,041 | Common | SOLE |
| 23345M107 | DTM | DT MIDSTREAM INC | $39.8M | 3.05% | 352,018 | Common | SOLE |
| 626755102 | MUSA | MURPHY USA INC | $39.2M | 3.00% | 100,942 | Common | SOLE |
| 29250N105 | ENB | ENBRIDGE INC | $23.4M | 1.80% | 464,535 | Common | SOLE |
| 01877R108 | ARLP | ALLIANCE RESOURCE PARTNERS L | $16.4M | 1.25% | 647,283 | Common | SOLE |
| 64361Q101 | VNOM | VIPER ENERGY INC | $13.2M | 1.01% | 346,017 | Common | SOLE |
| 87807B107 | TRP | TC ENERGY CORP | $12.4M | 0.95% | 227,111 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $8.9M | 0.68% | 229,763 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $8.1M | 0.62% | 95,509 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $6.7M | 0.51% | 43,063 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $6.5M | 0.50% | 57,777 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $4.1M | 0.31% | 50,060 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $3.5M | 0.27% | 89,261 | Common | SOLE |
| 81211K100 | SDA | SEALED AIR CORP NEW | $3.2M | 0.24% | 90,027 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $3.1M | 0.24% | 33,272 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $2.5M | 0.19% | 47,177 | Common | SOLE |
| 670346105 | NUE | NUCOR CORP | $2.3M | 0.17% | 16,703 | Common | SOLE |
| 91913Y100 | VLO | VALERO ENERGY CORP | $1.9M | 0.15% | 11,259 | Common | SOLE |
| 576485205 | MTDR | MATADOR RES CO | $1.9M | 0.15% | 42,557 | Common | SOLE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $1.9M | 0.15% | 59,242 | Common | SOLE |
| 406216101 | HAL | HALLIBURTON CO | $1.8M | 0.14% | 72,448 | Common | SOLE |
| 013872106 | AA | ALCOA CORP | $1.8M | 0.13% | 53,411 | Common | SOLE |
| 25278X109 | FANG | DIAMONDBACK ENERGY INC | $1.7M | 0.13% | 11,756 | Common | SOLE |
| 03938L203 | MT | ARCELORMITTAL SA LUXEMBOURG | $1.6M | 0.13% | 53,477 | Common | SOLE |
| 088606108 | BHP | BHP GROUP LTD | $1.5M | 0.12% | 27,385 | Common | SOLE |
| 91912E105 | VALE | VALE S A | $1.4M | 0.11% | 130,400 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $1.4M | 0.11% | 53,120 | Common | SOLE |
| 960413102 | WLK | WESTLAKE CORPORATION | $1.4M | 0.11% | 18,106 | Common | SOLE |
| 012653101 | ALB | ALBEMARLE CORP | $1.2M | 0.09% | 15,264 | Common | SOLE |
| 693483109 | PKX | POSCO HOLDINGS INC | $1.2M | 0.09% | 24,951 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $1.0M | 0.08% | 9,689 | Common | SOLE |
| 767204100 | RIO | RIO TINTO PLC | $1.0M | 0.08% | 15,517 | Common | SOLE |
| 237266101 | DAR | DARLING INGREDIENTS INC | $930,854 | 0.07% | 30,154 | Common | SOLE |
| 228368106 | CCK | CROWN HLDGS INC | $908,526 | 0.07% | 9,406 | Common | SOLE |
| 89151E109 | TTEN | TOTALENERGIES SE | $897,618 | 0.07% | 15,038 | Common | SOLE |
| 61945C103 | MOS | MOSAIC CO NEW | $865,509 | 0.07% | 24,957 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $847,550 | 0.06% | 4,326 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $742,421 | 0.06% | 6,192 | Common | SOLE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $709,146 | 0.05% | 2,155 | Common | SOLE |
| 125269100 | CF | CF INDS HLDGS INC | $696,162 | 0.05% | 7,761 | Common | SOLE |
| 260557103 | DOW | DOW INC | $648,048 | 0.05% | 28,262 | Common | SOLE |
| 573284106 | MLM | MARTIN MARIETTA MATLS INC | $635,322 | 0.05% | 1,008 | Common | SOLE |
| 962166104 | WY | WEYERHAEUSER CO MTN BE | $595,952 | 0.05% | 24,040 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $566,642 | 0.04% | 6,757 | Common | SOLE |
| 26875P101 | EOG | EOG RES INC | $519,900 | 0.04% | 4,637 | Common | SOLE |
| 055622104 | BP | BP PLC | $498,617 | 0.04% | 116,703 | Common | SOLE |
| 302491303 | FMC | FMC CORP | $454,509 | 0.03% | 13,515 | Common | SOLE |
| 039483102 | ADM | ARCHER DANIELS MIDLAND CO | $423,557 | 0.03% | 7,090 | 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.