Institutional
Recurrent Investment Advisors LLC
CIK 0001803146
$1.66B
Reported AUM
67
Positions
Q1 2026
Period
2026-05-15
Filed
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%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | CVE | CENOVUS ENERGY INC | $30.32 | 4.30% | 99.58% | 294.33% | $159.6M | 9.61% | — | HELD |
| 2 | TRGP | TARGA RES CORP | $268.34 | 1.39% | 67.46% | 575.79% | $118.3M | 7.12% | — | HELD |
| 3 | ET | ENERGY TRANSFER L P | $20.24 | 0.20% | 22.33% | 217.11% | $107.4M | 6.46% | — | HELD |
| 4 | OKE | ONEOK INC NEW | $89.07 | -1.03% | 16.74% | 118.22% | $104.5M | 6.29% | — | HELD |
| 5 | SU | SUNCOR ENERGY INC NEW | $66.73 | 1.41% | 73.39% | 334.04% | $101.9M | 6.14% | — | HELD |
| 6 | LNG | CHENIERE ENERGY INC | $258.06 | -0.21% | 9.35% | 209.46% | $85.1M | 5.13% | — | HELD |
| 7 | KMI | KINDER MORGAN INC DEL | $31.66 | -0.60% | 16.11% | 152.66% | $81.5M | 4.91% | — | HELD |
| 8 | PSX | PHILLIPS 66 | $210.60 | 1.83% | 78.85% | 246.97% | $75.4M | 4.54% | — | HELD |
| 9 | MUSA | MURPHY USA INC | $616.10 | -0.02% | 70.30% | 304.42% | $72.0M | 4.33% | — | HELD |
| 10 | PBA | PEMBINA PIPELINE CORP | $50.43 | 0.04% | 38.61% | 110.32% | $67.2M | 4.04% | — | HELD |
| 11 | SUN | SUNOCO LP/SUNOCO FIN CORP | $75.97 | -0.65% | 51.16% | 186.70% | $66.8M | 4.02% | — | HELD |
| 12 | EPD | ENTERPRISE PRODS PARTNERS L | $38.12 | -1.42% | 31.98% | 143.98% | $63.4M | 3.82% | — | HELD |
| 13 | WMB | WILLIAMS COS INC | $70.91 | 1.11% | 20.12% | 257.42% | $55.5M | 3.34% | — | HELD |
| 14 | PAGP | PLAINS GP HLDGS L P | $26.59 | -0.26% | 46.52% | 285.94% | $51.4M | 3.09% | — | HELD |
| 15 | DTM | DT MIDSTREAM INC | $136.77 | 0.60% | 33.06% | 263.58% | $47.8M | 2.88% | — | HELD |
| 16 | PBF | PBF ENERGY INC | $73.10 | 15.39% | 248.83% | 684.23% | $47.8M | 2.87% | — | HELD |
| 17 | WES | WESTERN MIDSTREAM PARTNERS L | $47.52 | 1.13% | 27.69% | 255.90% | $46.7M | 2.81% | — | HELD |
| 18 | VNOM | VIPER ENERGY INC | $43.46 | 0.65% | 23.37% | 210.84% | $46.5M | 2.80% | — | HELD |
| 19 | MPC | MARATHON PETE CORP | $314.08 | 1.74% | 90.15% | 480.65% | $44.2M | 2.66% | — | HELD |
| 20 | SOBO | SOUTH BOW CORP | $37.42 | 0.21% | 46.15% | 56.95% | $38.7M | 2.33% | — | HELD |
| 21 | ENB | ENBRIDGE INC | $55.43 | 0.53% | 24.90% | 88.28% | $25.2M | 1.52% | — | HELD |
| 22 | DOW | DOW HLDGS INC | $30.09 | -1.18% | 44.18% | -38.32% | $14.0M | 0.84% | — | HELD |
| 23 | WLK | WESTLAKE CORPORATION | $71.72 | -0.73% | -1.68% | -10.36% | $13.2M | 0.79% | — | HELD |
| 24 | B | BARRICK MNG CORP | $37.70 | 3.69% | 80.45% | 113.85% | $11.4M | 0.68% | — | HELD |
| 25 | NEM | NEWMONT CORP | $95.76 | 4.84% | 54.62% | 90.90% | $10.5M | 0.63% | — | HELD |
| 26 | LYB | LYONDELLBASELL INDUSTRIES NV | $60.44 | -0.08% | 20.38% | -17.03% | $10.1M | 0.61% | — | HELD |
| 27 | XOM | EXXON MOBIL CORP | $156.97 | 0.14% | 47.45% | 240.22% | $9.9M | 0.60% | — | HELD |
| 28 | CVX | CHEVRON CORPORATION | $192.31 | 0.23% | 31.24% | 138.73% | $8.9M | 0.54% | — | HELD |
| 29 | HUN | HUNTSMAN CORP | $12.07 | 0.92% | 35.59% | -44.60% | $7.1M | 0.43% | — | HELD |
| 30 | EMN | EASTMAN CHEM CO | $70.07 | 4.15% | 25.12% | -25.38% | $6.7M | 0.40% | — | HELD |
| 31 | NTR | NUTRIEN LTD | $70.72 | 0.18% | — | — | $5.5M | 0.33% | — | HELD |
| 32 | MTDR | MATADOR RES CO | $48.31 | -0.72% | — | — | $4.9M | 0.29% | — | HELD |
| 33 | COP | CONOCOPHILLIPS | $119.03 | 0.82% | — | — | $4.5M | 0.27% | — | HELD |
| 34 | VALE | VALE S A | $14.99 | 2.32% | — | — | $3.1M | 0.19% | — | HELD |
| 35 | FCX | FREEPORT MCMORAN INC | $63.44 | 5.75% | — | — | $3.1M | 0.19% | — | HELD |
| 36 | CNQ | CANADIAN NAT RES LTD MED TER | $47.28 | 1.79% | — | — | $2.9M | 0.17% | — | HELD |
| 37 | HAL | HALLIBURTON CO | $31.64 | 1.44% | — | — | $2.9M | 0.17% | — | HELD |
| 38 | NUE | NUCOR CORP | $257.04 | 0.40% | — | — | $2.8M | 0.17% | — | HELD |
| 39 | TECK | TECK RESOURCES LTD | $62.49 | 8.72% | — | — | $2.6M | 0.16% | — | HELD |
| 40 | RIO | RIO TINTO PLC | $97.18 | 3.76% | — | — | $2.5M | 0.15% | — | HELD |
| 41 | FANG | DIAMONDBACK ENERGY INC | $199.77 | 0.32% | — | — | $2.3M | 0.14% | — | HELD |
| 42 | SHEL | SHELL PLC | $90.51 | 2.46% | — | — | $2.0M | 0.12% | — | HELD |
| 43 | BHP | BHP BILLITON LIMITED | $85.90 | 3.36% | — | — | $2.0M | 0.12% | — | HELD |
| 44 | DAR | DARLING INGREDIENTS INC | $61.00 | 4.06% | — | — | $1.7M | 0.10% | — | HELD |
| 45 | PKX | POSCO HOLDINGS INC | $54.49 | 11.94% | — | — | $1.5M | 0.09% | — | HELD |
| 46 | MOS | MOSAIC CO | $22.77 | 0.66% | — | — | $1.4M | 0.08% | — | HELD |
| 47 | TTE | TOTALENERGIES SE | $87.03 | 0.32% | — | — | $1.3M | 0.08% | — | HELD |
| 48 | ALB | ALBEMARLE CORP | $117.76 | 3.41% | — | — | $1.1M | 0.07% | — | HELD |
| 49 | EXE | EXPAND ENERGY CORPORATION | $92.42 | -0.04% | — | — | $1.1M | 0.06% | — | HELD |
| 50 | CF | CF INDUSTRIES HOLD | $125.77 | -1.24% | — | — | $1.1M | 0.06% | — | HELD |
| 51 | SW | SMURFIT WESTROCK PLC | $47.52 | -1.53% | — | — | $1.0M | 0.06% | — | HELD |
| 52 | IP | INTERNATIONAL PAPER CO | $43.15 | 1.20% | — | — | $1.0M | 0.06% | — | HELD |
| 53 | AA | ALCOA CORP | $44.97 | 4.87% | — | — | $1.0M | 0.06% | — | HELD |
| 54 | CRH | CRH PLC | $96.00 | -3.72% | — | — | $988K | 0.06% | — | HELD |
| 55 | SUNC | SUNOCOCORP LLC | $76.22 | 0.24% | — | — | $948K | 0.06% | — | HELD |
| 56 | CCK | CROWN HLDGS INC | $118.37 | -1.16% | — | — | $943K | 0.06% | — | HELD |
| 57 | TRP | TC ENERGY CORP | $68.09 | 1.20% | — | — | $905K | 0.05% | — | HELD |
| 58 | CCJ | CAMECO CORP | $88.23 | 4.33% | — | — | $734K | 0.04% | — | HELD |
| 59 | MT | ARCELORMITTAL SA LUXEMBOURG | $69.34 | 5.54% | — | — | $676K | 0.04% | — | HELD |
| 60 | EOG | EOG RES INC | $145.51 | -0.29% | — | — | $670K | 0.04% | — | HELD |
| 61 | WY | WEYERHAEUSER CO | $23.50 | -3.89% | — | — | $614K | 0.04% | — | HELD |
| 62 | MLM | MARTIN MARIETTA MATLS INC | $540.00 | -5.21% | — | — | $593K | 0.04% | — | HELD |
| 63 | KNTK | KINETIK HOLDINGS INC | $50.02 | -1.15% | — | — | $566K | 0.03% | — | HELD |
| 64 | VLO | VALERO ENERGY CORP | $311.71 | 3.45% | — | — | $556K | 0.03% | — | HELD |
| 65 | ADM | ARCHER DANIELS MIDLAND CO | $80.61 | 0.29% | — | — | $538K | 0.03% | — | HELD |
| 66 | VST | VISTRA CORP | $148.62 | 4.07% | — | — | $424K | 0.03% | — | HELD |
| 67 | CEG | CONSTELLATION ENERGY CORP | $263.56 | 2.17% | — | — | $366K | 0.02% | — | HELD |
Source: SEC EDGAR · accession 0001420506-26-001065. 13F discloses long positions only — shorts, foreign equities, and options are excluded.