Q1 2026 · 13F-HR
Recurrent Investment Advisors LLCholdings as filed
Filed 2026-05-15 · accession 0001420506-26-001065
$1.66B
Reported value
67
Positions
2026-03-31
Period end
The Brief · Recurrent Investment Advisors LLC · Q1 2026
AI · grounded in 13F
Recurrent Investment Advisors LLC closed its position in KEY, reducing its exposure by $84.5M. The fund increased its stake in Kinder Morgan Inc Del by 63.6% and Sunoco LP/Sunoco Fin Corp SUN by 51.5%. Other activity included adding 41 positions and trimming holdings in Freeport McMoran Inc FCX by 40.1% and Marathon Pete Corp MPC by 35.7%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 15135U109 | CVE | CENOVUS ENERGY INC | $159.6M | 9.61% | 5,799,641 | Common | SOLE |
| 87612G101 | TRGP | TARGA RES CORP | $118.3M | 7.12% | 471,801 | Common | SOLE |
| 29273V100 | ET | ENERGY TRANSFER L P | $107.4M | 6.46% | 5,562,381 | Common | SOLE |
| 682680103 | OKE | ONEOK INC NEW | $104.5M | 6.29% | 1,156,034 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC NEW | $101.9M | 6.14% | 1,515,161 | Common | SOLE |
| 16411R208 | LNG | CHENIERE ENERGY INC | $85.1M | 5.13% | 300,074 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $81.5M | 4.91% | 2,430,444 | Common | SOLE |
| 718546104 | PSX | PHILLIPS 66 | $75.4M | 4.54% | 414,064 | Common | SOLE |
| 626755102 | MUSA | MURPHY USA INC | $72.0M | 4.33% | 146,119 | Common | SOLE |
| 706327103 | PBA | PEMBINA PIPELINE CORP | $67.2M | 4.04% | 1,494,250 | Common | SOLE |
| 86765K109 | SUN | SUNOCO LP/SUNOCO FIN CORP | $66.8M | 4.02% | 1,027,877 | Common | SOLE |
| 293792107 | EPD | ENTERPRISE PRODS PARTNERS L | $63.4M | 3.82% | 1,675,483 | Common | SOLE |
| 969457100 | WMB | WILLIAMS COS INC | $55.5M | 3.34% | 762,867 | Common | SOLE |
| 72651A207 | PAGP | PLAINS GP HLDGS L P | $51.4M | 3.09% | 2,124,947 | Common | SOLE |
| 23345M107 | DTM | DT MIDSTREAM INC | $47.8M | 2.88% | 355,156 | Common | SOLE |
| 69318G106 | PBF | PBF ENERGY INC | $47.8M | 2.87% | 1,002,915 | Common | SOLE |
| 958669103 | WES | WESTERN MIDSTREAM PARTNERS L | $46.7M | 2.81% | 1,134,758 | Common | SOLE |
| 64361Q101 | VNOM | VIPER ENERGY INC | $46.5M | 2.80% | 989,318 | Common | SOLE |
| 56585A102 | MPC | MARATHON PETE CORP | $44.2M | 2.66% | 180,958 | Common | SOLE |
| 83671M105 | SOBO | SOUTH BOW CORP | $38.7M | 2.33% | 1,161,016 | Common | SOLE |
| 29250N105 | ENB | ENBRIDGE INC | $25.2M | 1.52% | 465,619 | Common | SOLE |
| 260557103 | DOW | DOW HLDGS INC | $14.0M | 0.84% | 335,209 | Common | SOLE |
| 960413102 | WLK | WESTLAKE CORPORATION | $13.2M | 0.79% | 112,790 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $11.4M | 0.68% | 234,761 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $10.5M | 0.63% | 97,245 | Common | SOLE |
| N53745100 | LYB | LYONDELLBASELL INDUSTRIES NV | $10.1M | 0.61% | 125,488 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $9.9M | 0.60% | 58,300 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORPORATION | $8.9M | 0.54% | 43,163 | Common | SOLE |
| 447011107 | HUN | HUNTSMAN CORP | $7.1M | 0.43% | 535,914 | Common | SOLE |
| 277432100 | EMN | EASTMAN CHEM CO | $6.7M | 0.40% | 87,136 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $5.5M | 0.33% | 52,360 | Common | SOLE |
| 576485205 | MTDR | MATADOR RES CO | $4.9M | 0.29% | 76,996 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $4.5M | 0.27% | 33,972 | Common | SOLE |
| 91912E105 | VALE | VALE S A | $3.1M | 0.19% | 196,130 | Common | SOLE |
| 35671D857 | FCX | FREEPORT MCMORAN INC | $3.1M | 0.19% | 52,517 | Common | SOLE |
| 136385101 | CNQ | CANADIAN NAT RES LTD MED TER | $2.9M | 0.17% | 59,242 | Common | SOLE |
| 406216101 | HAL | HALLIBURTON CO | $2.9M | 0.17% | 73,648 | Common | SOLE |
| 670346105 | NUE | NUCOR CORP | $2.8M | 0.17% | 16,615 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $2.6M | 0.16% | 40,394 | Common | SOLE |
| 767204100 | RIO | RIO TINTO PLC | $2.5M | 0.15% | 27,247 | Common | SOLE |
| 25278X109 | FANG | DIAMONDBACK ENERGY INC | $2.3M | 0.14% | 11,756 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $2.0M | 0.12% | 56,141 | Common | SOLE |
| 088606108 | BHP | BHP BILLITON LIMITED | $2.0M | 0.12% | 27,271 | Common | SOLE |
| 237266101 | DAR | DARLING INGREDIENTS INC | $1.7M | 0.10% | 27,265 | Common | SOLE |
| 693483109 | PKX | POSCO HOLDINGS INC | $1.5M | 0.09% | 24,960 | Common | SOLE |
| 61945C103 | MOS | MOSAIC CO | $1.4M | 0.08% | 54,447 | Common | SOLE |
| F92124100 | TTE | TOTALENERGIES SE | $1.3M | 0.08% | 15,824 | Common | SOLE |
| 012653101 | ALB | ALBEMARLE CORP | $1.1M | 0.07% | 6,283 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $1.1M | 0.06% | 9,689 | Common | SOLE |
| 125269100 | CF | CF INDUSTRIES HOLD | $1.1M | 0.06% | 8,163 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $1.0M | 0.06% | 26,095 | Common | SOLE |
| 460146103 | IP | INTERNATIONAL PAPER CO | $1.0M | 0.06% | 28,266 | Common | SOLE |
| 013872106 | AA | ALCOA CORP | $1.0M | 0.06% | 15,130 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $988,339 | 0.06% | 9,402 | Common | SOLE |
| 86765Q106 | SUNC | SUNOCOCORP LLC | $948,177 | 0.06% | 15,380 | Common | SOLE |
| 228368106 | CCK | CROWN HLDGS INC | $942,951 | 0.06% | 9,406 | Common | SOLE |
| 87807B107 | TRP | TC ENERGY CORP | $904,883 | 0.05% | 14,455 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $733,878 | 0.04% | 6,757 | Common | SOLE |
| 03938L203 | MT | ARCELORMITTAL SA LUXEMBOURG | $676,114 | 0.04% | 15,403 | Common | SOLE |
| 26875P101 | EOG | EOG RES INC | $670,371 | 0.04% | 4,637 | Common | SOLE |
| 962166104 | WY | WEYERHAEUSER CO | $614,268 | 0.04% | 25,144 | Common | SOLE |
| 573284106 | MLM | MARTIN MARIETTA MATLS INC | $593,389 | 0.04% | 1,008 | Common | SOLE |
| 02215L209 | KNTK | KINETIK HOLDINGS INC | $566,397 | 0.03% | 11,700 | Common | SOLE |
| 91913Y100 | VLO | VALERO ENERGY CORP | $556,177 | 0.03% | 2,251 | Common | SOLE |
| 039483102 | ADM | ARCHER DANIELS MIDLAND CO | $537,615 | 0.03% | 7,396 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $424,231 | 0.03% | 2,822 | Common | SOLE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $366,097 | 0.02% | 1,311 | 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.