Recurrent Investment Advisors LLC Long-Term Concentrated

CIK: 0001803146 · Show all filings

Period: Q4 2019 (Next →)

Filing Date: Feb 14, 2020

Total Value ($000): $78,372 (100.0% shares, 0.0% debt)

Holdings (44)

KMI KINDER MORGAN INC DEL 6.8%

Value ($000) $5,359 Shares 253,128 Est. Cost $14.05 Unrealized 0.0%

ET ENERGY TRANSFER LP 6.8%

Value ($000) $5,358 Shares 417,611 Est. Cost $12.83 Unrealized —

PAGP PLAINS GP HLDGS L P 6.5%

Value ($000) $5,064 Shares 267,245 Est. Cost $18.95 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 6.2%

Value ($000) $4,860 Shares 172,587 Est. Cost $28.16 Unrealized —

PBA PEMBINA PIPELINE CORP 5.9%

Value ($000) $4,617 Shares 124,572 Est. Cost $25.28 Unrealized 0.0%

WMB WILLIAMS COS INC DEL 5.0%

Value ($000) $3,910 Shares 164,823 Est. Cost $16.27 Unrealized 0.0%

— EQUITRANS MIDSTREAM CORPORAT 4.9%

Value ($000) $3,873 Shares 289,930 Est. Cost $13.36 Unrealized —

LNG CHENIERE ENERGY INC 4.2%

Value ($000) $3,326 Shares 54,464 Est. Cost $61.55 Unrealized 0.0%

ENB ENBRIDGE INC 4.1%

Value ($000) $3,245 Shares 81,594 Est. Cost $24.85 Unrealized 0.0%

OKE ONEOK INC NEW 4.1%

Value ($000) $3,200 Shares 42,291 Est. Cost $47.69 Unrealized 0.0%

SUN SUNOCO LP 4.0%

Value ($000) $3,116 Shares 101,835 Est. Cost $30.60 Unrealized —

AROC ARCHROCK INC 3.8%

Value ($000) $2,941 Shares 292,921 Est. Cost $6.50 Unrealized 0.0%

MPC MARATHON PETE CORP 3.5%

Value ($000) $2,769 Shares 45,960 Est. Cost $51.65 Unrealized 0.0%

PSX PHILLIPS 66 3.5%

Value ($000) $2,712 Shares 24,344 Est. Cost $87.36 Unrealized 0.0%

TRP TC ENERGY CORP 2.9%

Value ($000) $2,258 Shares 42,348 Est. Cost $37.40 Unrealized 0.0%

— ENLINK MIDSTREAM LLC 2.8%

Value ($000) $2,184 Shares 356,329 Est. Cost $6.13 Unrealized —

— ENABLE MIDSTREAM PARTNERS LP 2.4%

Value ($000) $1,907 Shares 190,123 Est. Cost $10.03 Unrealized —

— CRESTWOOD EQUITY PARTNERS LP 2.2%

Value ($000) $1,708 Shares 55,429 Est. Cost $30.81 Unrealized —

CVE CENOVUS ENERGY INC 1.8%

Value ($000) $1,374 Shares 135,338 Est. Cost $8.04 Unrealized 0.0%

BHP BHP GROUP LTD 1.4%

Value ($000) $1,134 Shares 20,735 Est. Cost $54.69 Unrealized —

— TOTAL S A 1.4%

Value ($000) $1,096 Shares 19,820 Est. Cost $55.30 Unrealized —

FCX FREEPORT-MCMORAN INC 1.3%

Value ($000) $1,027 Shares 78,247 Est. Cost $10.23 Unrealized 0.0%

RIO RIO TINTO PLC 1.1%

Value ($000) $874 Shares 14,732 Est. Cost $59.33 Unrealized —

— BARRICK GOLD CORPORATION 1.0%

Value ($000) $796 Shares 42,807 Est. Cost $18.60 Unrealized —

NTR NUTRIEN LTD 1.0%

Value ($000) $795 Shares 16,585 Est. Cost $39.21 Unrealized 0.0%

— GOLAR LNG PARTNERS LP 1.0%

Value ($000) $787 Shares 88,993 Est. Cost $8.84 Unrealized —

— WESTROCK CO 0.9%

Value ($000) $714 Shares 16,635 Est. Cost $42.92 Unrealized —

COP CONOCOPHILLIPS 0.9%

Value ($000) $697 Shares 10,718 Est. Cost $47.16 Unrealized 0.0%

AA ALCOA CORP 0.9%

Value ($000) $682 Shares 31,700 Est. Cost $19.77 Unrealized 0.0%

XOM EXXON MOBIL CORP 0.8%

Value ($000) $653 Shares 9,362 Est. Cost $52.07 Unrealized 0.0%

PNW PINNACLE WEST CAP CORP 0.7%

Value ($000) $570 Shares 6,338 Est. Cost $69.39 Unrealized 0.0%

DAL DELTA AIR LINES INC DEL 0.7%

Value ($000) $558 Shares 9,537 Est. Cost $54.09 Unrealized 0.0%

VALE VALE S A 0.7%

Value ($000) $538 Shares 40,739 Est. Cost $13.21 Unrealized —

IP INTL PAPER CO 0.7%

Value ($000) $516 Shares 11,202 Est. Cost $31.89 Unrealized 0.0%

WLK WESTLAKE CHEM CORP 0.6%

Value ($000) $467 Shares 6,654 Est. Cost $60.78 Unrealized 0.0%

WY WEYERHAEUSER CO 0.6%

Value ($000) $459 Shares 15,184 Est. Cost $23.11 Unrealized 0.0%

Value ($000) $445 Shares 8,800 Est. Cost $50.57 Unrealized —

FANG DIAMONDBACK ENERGY INC 0.5%

Value ($000) $385 Shares 4,147 Est. Cost $64.81 Unrealized 0.0%

NUE NUCOR CORP 0.4%

Value ($000) $292 Shares 5,182 Est. Cost $48.21 Unrealized 0.0%

FMC F M C CORP 0.3%

Value ($000) $233 Shares 2,330 Est. Cost $77.70 Unrealized 0.0%

— MARATHON OIL CORP 0.3%

Value ($000) $226 Shares 16,663 Est. Cost $13.56 Unrealized —

— PARSLEY ENERGY INC 0.3%

Value ($000) $223 Shares 11,772 Est. Cost $18.94 Unrealized —

JBLU JETBLUE AWYS CORP 0.3%

Value ($000) $216 Shares 11,540 Est. Cost $18.58 Unrealized 0.0%

ADM ARCHER DANIELS MIDLAND CO 0.3%

Value ($000) $208 Shares 4,489 Est. Cost $35.73 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KMI	KINDER MORGAN INC DEL	253,128	$5,359	6.8%	$14.05	0.0%	COM	49456B101
ET	ENERGY TRANSFER LP	417,611	$5,358	6.8%	$12.83	—	COM UT LTD PTN	29273V100
PAGP	PLAINS GP HLDGS L P	267,245	$5,064	6.5%	$18.95	—	LTD PARTNR INT A	72651A207
EPD	ENTERPRISE PRODS PARTNERS L	172,587	$4,860	6.2%	$28.16	—	COM	293792107
PBA	PEMBINA PIPELINE CORP	124,572	$4,617	5.9%	$25.28	0.0%	COM	706327103
WMB	WILLIAMS COS INC DEL	164,823	$3,910	5.0%	$16.27	0.0%	COM	969457100
—	EQUITRANS MIDSTREAM CORPORAT	289,930	$3,873	4.9%	$13.36	—	COM	294600101
LNG	CHENIERE ENERGY INC	54,464	$3,326	4.2%	$61.55	0.0%	COM NEW	16411R208
ENB	ENBRIDGE INC	81,594	$3,245	4.1%	$24.85	0.0%	COM	29250N105
OKE	ONEOK INC NEW	42,291	$3,200	4.1%	$47.69	0.0%	COM	682680103
SUN	SUNOCO LP	101,835	$3,116	4.0%	$30.60	—	COM UT REP LP	86765K109
AROC	ARCHROCK INC	292,921	$2,941	3.8%	$6.50	0.0%	COM	03957W106
MPC	MARATHON PETE CORP	45,960	$2,769	3.5%	$51.65	0.0%	COM	56585A102
PSX	PHILLIPS 66	24,344	$2,712	3.5%	$87.36	0.0%	COM	718546104
TRP	TC ENERGY CORP	42,348	$2,258	2.9%	$37.40	0.0%	COM	87807B107
—	ENLINK MIDSTREAM LLC	356,329	$2,184	2.8%	$6.13	—	COM UNIT REP LTD	29336T100
—	ENABLE MIDSTREAM PARTNERS LP	190,123	$1,907	2.4%	$10.03	—	COM UNIT RP IN	292480100
—	CRESTWOOD EQUITY PARTNERS LP	55,429	$1,708	2.2%	$30.81	—	UNIT LTD PARTNER	226344208
CVE	CENOVUS ENERGY INC	135,338	$1,374	1.8%	$8.04	0.0%	COM	15135U109
BHP	BHP GROUP LTD	20,735	$1,134	1.4%	$54.69	—	SPONSORED ADS	088606108
—	TOTAL S A	19,820	$1,096	1.4%	$55.30	—	SPONSORED ADS	89151E109
FCX	FREEPORT-MCMORAN INC	78,247	$1,027	1.3%	$10.23	0.0%	CL B	35671D857
RIO	RIO TINTO PLC	14,732	$874	1.1%	$59.33	—	SPONSORED ADR	767204100
—	BARRICK GOLD CORPORATION	42,807	$796	1.0%	$18.60	—	COM	067901108
NTR	NUTRIEN LTD	16,585	$795	1.0%	$39.21	0.0%	COM	67077M108
—	GOLAR LNG PARTNERS LP	88,993	$787	1.0%	$8.84	—	COM UNIT LPI	Y2745C102
—	WESTROCK CO	16,635	$714	0.9%	$42.92	—	COM	96145D105
COP	CONOCOPHILLIPS	10,718	$697	0.9%	$47.16	0.0%	COM	20825C104
AA	ALCOA CORP	31,700	$682	0.9%	$19.77	0.0%	COM	013872106
XOM	EXXON MOBIL CORP	9,362	$653	0.8%	$52.07	0.0%	COM	30231G102
PNW	PINNACLE WEST CAP CORP	6,338	$570	0.7%	$69.39	0.0%	COM	723484101
DAL	DELTA AIR LINES INC DEL	9,537	$558	0.7%	$54.09	0.0%	COM NEW	247361702
VALE	VALE S A	40,739	$538	0.7%	$13.21	—	SPONSORED ADS	91912E105
IP	INTL PAPER CO	11,202	$516	0.7%	$31.89	0.0%	COM	460146103
WLK	WESTLAKE CHEM CORP	6,654	$467	0.6%	$60.78	0.0%	COM	960413102
WY	WEYERHAEUSER CO	15,184	$459	0.6%	$23.11	0.0%	COM	962166104
PKX	POSCO	8,800	$445	0.6%	$50.57	—	SPONSORED ADR	693483109
FANG	DIAMONDBACK ENERGY INC	4,147	$385	0.5%	$64.81	0.0%	COM	25278X109
NUE	NUCOR CORP	5,182	$292	0.4%	$48.21	0.0%	COM	670346105
FMC	F M C CORP	2,330	$233	0.3%	$77.70	0.0%	COM NEW	302491303
—	MARATHON OIL CORP	16,663	$226	0.3%	$13.56	—	COM	565849106
—	PARSLEY ENERGY INC	11,772	$223	0.3%	$18.94	—	CL A	701877102
JBLU	JETBLUE AWYS CORP	11,540	$216	0.3%	$18.58	0.0%	COM	477143101
ADM	ARCHER DANIELS MIDLAND CO	4,489	$208	0.3%	$35.73	0.0%	COM	039483102