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 | $29.07 | 5.10% | 99.31% | 293.79% | $159.6M | 9.61% | — | HELD |
| 2 | TRGP | TARGA RES CORP | $264.67 | 1.15% | 65.17% | 566.55% | $118.3M | 7.12% | — | HELD |
| 3 | ET | ENERGY TRANSFER L P | $20.20 | 0.00% | 22.33% | 217.11% | $107.4M | 6.46% | — | HELD |
| 4 | OKE | ONEOK INC NEW | $90.00 | 1.35% | 19.86% | 124.05% | $104.5M | 6.29% | — | HELD |
| 5 | SU | SUNCOR ENERGY INC NEW | $65.80 | 2.97% | 66.04% | 315.63% | $101.9M | 6.14% | — | HELD |
| 6 | LNG | CHENIERE ENERGY INC | $258.54 | 2.52% | 9.58% | 210.12% | $85.1M | 5.13% | — | HELD |
| 7 | KMI | KINDER MORGAN INC DEL | $31.86 | 0.79% | 15.93% | 152.26% | $81.5M | 4.91% | — | HELD |
| 8 | PSX | PHILLIPS 66 | $206.81 | 0.47% | 78.02% | 245.36% | $75.4M | 4.54% | — | HELD |
| 9 | MUSA | MURPHY USA INC | $616.23 | 2.40% | 73.58% | 312.22% | $72.0M | 4.33% | — | HELD |
| 10 | PBA | PEMBINA PIPELINE CORP | $50.41 | 1.02% | 37.20% | 108.19% | $67.2M | 4.04% | — | HELD |
| 11 | SUN | SUNOCO LP/SUNOCO FIN CORP | $76.47 | -0.04% | 53.62% | 191.36% | $66.8M | 4.02% | — | HELD |
| 12 | EPD | ENTERPRISE PRODS PARTNERS L | $38.67 | 0.10% | 31.84% | 143.73% | $63.4M | 3.82% | — | HELD |
| 13 | WMB | WILLIAMS COS INC | $70.13 | -0.04% | 21.22% | 260.70% | $55.5M | 3.34% | — | HELD |
| 14 | PAGP | PLAINS GP HLDGS L P | $26.66 | 1.48% | 44.86% | 281.58% | $51.4M | 3.09% | — | HELD |
| 15 | DTM | DT MIDSTREAM INC | $135.95 | -1.56% | 32.26% | 261.40% | $47.8M | 2.88% | — | HELD |
| 16 | PBF | PBF ENERGY INC | $63.35 | 3.85% | 202.30% | 579.63% | $47.8M | 2.87% | — | HELD |
| 17 | WES | WESTERN MIDSTREAM PARTNERS L | $46.99 | -0.15% | 27.88% | 256.43% | $46.7M | 2.81% | — | HELD |
| 18 | VNOM | VIPER ENERGY INC | $43.18 | 2.71% | 21.38% | 205.82% | $46.5M | 2.80% | — | HELD |
| 19 | MPC | MARATHON PETE CORP | $308.72 | 0.87% | 88.51% | 475.63% | $44.2M | 2.66% | — | HELD |
| 20 | SOBO | SOUTH BOW CORP | $37.34 | 0.48% | 46.62% | 57.45% | $38.7M | 2.33% | — | HELD |
| 21 | ENB | ENBRIDGE INC | $55.14 | -0.20% | 24.50% | 87.67% | $25.2M | 1.52% | — | HELD |
| 22 | DOW | DOW HLDGS INC | $30.45 | 5.55% | 39.33% | -40.39% | $14.0M | 0.84% | — | HELD |
| 23 | WLK | WESTLAKE CORPORATION | $72.25 | 0.12% | -1.80% | -10.47% | $13.2M | 0.79% | — | HELD |
| 24 | B | BARRICK MNG CORP | $36.35 | -0.91% | 74.03% | 106.25% | $11.4M | 0.68% | — | HELD |
| 25 | NEM | NEWMONT CORP | $91.34 | -0.20% | 47.49% | 82.09% | $10.5M | 0.63% | — | HELD |
| 26 | LYB | LYONDELLBASELL INDUSTRIES NV | $60.49 | 3.90% | 21.34% | -16.37% | $10.1M | 0.61% | — | HELD |
| 27 | XOM | EXXON MOBIL CORP | $156.88 | 2.51% | 47.33% | 239.93% | $9.9M | 0.60% | — | HELD |
| 28 | CVX | CHEVRON CORPORATION | $191.90 | 2.30% | 32.10% | 140.30% | $8.9M | 0.54% | — | HELD |
| 29 | HUN | HUNTSMAN CORP | $11.95 | 4.59% | 29.69% | -47.01% | $7.1M | 0.43% | — | HELD |
| 30 | EMN | EASTMAN CHEM CO | $67.31 | -1.22% | 21.68% | -27.43% | $6.7M | 0.40% | — | HELD |
| 31 | NTR | NUTRIEN LTD | $70.59 | 1.63% | — | — | $5.5M | 0.33% | — | HELD |
| 32 | MTDR | MATADOR RES CO | $48.66 | 5.51% | — | — | $4.9M | 0.29% | — | HELD |
| 33 | COP | CONOCOPHILLIPS | $118.06 | 3.47% | — | — | $4.5M | 0.27% | — | HELD |
| 34 | VALE | VALE S A | $14.64 | -0.41% | — | — | $3.1M | 0.19% | — | HELD |
| 35 | FCX | FREEPORT MCMORAN INC | $60.02 | -2.63% | — | — | $3.1M | 0.19% | — | HELD |
| 36 | CNQ | CANADIAN NAT RES LTD MED TER | $46.45 | 5.11% | — | — | $2.9M | 0.17% | — | HELD |
| 37 | HAL | HALLIBURTON CO | $31.19 | -0.13% | — | — | $2.9M | 0.17% | — | HELD |
| 38 | NUE | NUCOR CORP | $256.16 | -3.56% | — | — | $2.8M | 0.17% | — | HELD |
| 39 | TECK | TECK RESOURCES LTD | $57.48 | -1.96% | — | — | $2.6M | 0.16% | — | HELD |
| 40 | RIO | RIO TINTO PLC | $93.66 | 2.20% | — | — | $2.5M | 0.15% | — | HELD |
| 41 | FANG | DIAMONDBACK ENERGY INC | $199.13 | 4.63% | — | — | $2.3M | 0.14% | — | HELD |
| 42 | SHEL | SHELL PLC | $88.34 | 2.48% | — | — | $2.0M | 0.12% | — | HELD |
| 43 | BHP | BHP BILLITON LIMITED | $83.11 | -0.81% | — | — | $2.0M | 0.12% | — | HELD |
| 44 | DAR | DARLING INGREDIENTS INC | $58.62 | 0.34% | — | — | $1.7M | 0.10% | — | HELD |
| 45 | PKX | POSCO HOLDINGS INC | $48.68 | -4.92% | — | — | $1.5M | 0.09% | — | HELD |
| 46 | MOS | MOSAIC CO | $22.62 | -1.99% | — | — | $1.4M | 0.08% | — | HELD |
| 47 | TTE | TOTALENERGIES SE | $86.75 | 3.05% | — | — | $1.3M | 0.08% | — | HELD |
| 48 | ALB | ALBEMARLE CORP | $113.88 | 0.64% | — | — | $1.1M | 0.07% | — | HELD |
| 49 | EXE | EXPAND ENERGY CORPORATION | $92.46 | 4.45% | — | — | $1.1M | 0.06% | — | HELD |
| 50 | CF | CF INDUSTRIES HOLD | $127.35 | 3.60% | — | — | $1.1M | 0.06% | — | HELD |
| 51 | SW | SMURFIT WESTROCK PLC | $48.26 | -5.00% | — | — | $1.0M | 0.06% | — | HELD |
| 52 | IP | INTERNATIONAL PAPER CO | $42.64 | -3.29% | — | — | $1.0M | 0.06% | — | HELD |
| 53 | AA | ALCOA CORP | $42.88 | -3.34% | — | — | $1.0M | 0.06% | — | HELD |
| 54 | CRH | CRH PLC | $99.71 | -3.57% | — | — | $988K | 0.06% | — | HELD |
| 55 | SUNC | SUNOCOCORP LLC | $76.04 | 0.08% | — | — | $948K | 0.06% | — | HELD |
| 56 | CCK | CROWN HLDGS INC | $119.76 | -1.19% | — | — | $943K | 0.06% | — | HELD |
| 57 | TRP | TC ENERGY CORP | $67.28 | -0.61% | — | — | $905K | 0.05% | — | HELD |
| 58 | CCJ | CAMECO CORP | $84.57 | -2.75% | — | — | $734K | 0.04% | — | HELD |
| 59 | MT | ARCELORMITTAL SA LUXEMBOURG | $65.70 | -2.38% | — | — | $676K | 0.04% | — | HELD |
| 60 | EOG | EOG RES INC | $145.94 | 4.51% | — | — | $670K | 0.04% | — | HELD |
| 61 | WY | WEYERHAEUSER CO | $24.45 | -0.65% | — | — | $614K | 0.04% | — | HELD |
| 62 | MLM | MARTIN MARIETTA MATLS INC | $569.66 | -2.40% | — | — | $593K | 0.04% | — | HELD |
| 63 | KNTK | KINETIK HOLDINGS INC | $50.60 | 2.45% | — | — | $566K | 0.03% | — | HELD |
| 64 | VLO | VALERO ENERGY CORP | $302.28 | 1.14% | — | — | $556K | 0.03% | — | HELD |
| 65 | ADM | ARCHER DANIELS MIDLAND CO | $80.38 | -3.37% | — | — | $538K | 0.03% | — | HELD |
| 66 | VST | VISTRA CORP | $142.89 | -3.87% | — | — | $424K | 0.03% | — | HELD |
| 67 | CEG | CONSTELLATION ENERGY CORP | $258.06 | -0.68% | — | — | $366K | 0.02% | — | HELD |
Source: SEC EDGAR · accession 0001420506-26-001065. 13F discloses long positions only — shorts, foreign equities, and options are excluded.