Recurrent Investment Advisors LLC Long-Term Concentrated

CIK: 0001803146 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: Feb 16, 2021

Total Value ($000): $134,654 (100.0% shares, 0.0% debt)

Holdings (43)

EPD ENTERPRISE PRODS PARTNERS L 6.3%

Value ($000) $8,439 Shares 430,756 Est. Cost $21.48 Unrealized —

KMI KINDER MORGAN INC DEL 6.3%

Value ($000) $8,424 Shares 616,241 Est. Cost $12.37 Unrealized -19.7%

CVE CENOVUS ENERGY INC 6.2%

Value ($000) $8,373 Shares 1,386,179 Est. Cost $5.04 Unrealized -16.3%

PAGP PLAINS GP HLDGS L P 5.7%

Value ($000) $7,676 Shares 908,345 Est. Cost $11.10 Unrealized —

ET ENERGY TRANSFER LP 5.6%

Value ($000) $7,494 Shares 1,212,643 Est. Cost $8.33 Unrealized —

PBA PEMBINA PIPELINE CORP 5.3%

Value ($000) $7,089 Shares 299,612 Est. Cost $21.44 Unrealized -16.6%

MPC MARATHON PETE CORP 4.7%

Value ($000) $6,347 Shares 153,462 Est. Cost $36.54 Unrealized -14.4%

PSX PHILLIPS 66 4.7%

Value ($000) $6,323 Shares 90,399 Est. Cost $64.52 Unrealized -25.7%

WMB WILLIAMS COS INC 4.3%

Value ($000) $5,809 Shares 289,734 Est. Cost $15.35 Unrealized +1.8%

— MAGELLAN MIDSTREAM PRTNRS LP 4.1%

Value ($000) $5,483 Shares 129,202 Est. Cost $42.41 Unrealized —

— VIPER ENERGY PARTNERS LP 3.8%

Value ($000) $5,181 Shares 445,831 Est. Cost $10.47 Unrealized —

— EQUITRANS MIDSTREAM CORP 3.8%

Value ($000) $5,114 Shares 636,079 Est. Cost $9.50 Unrealized —

VLO VALERO ENERGY CORP 3.8%

Value ($000) $5,068 Shares 89,596 Est. Cost $45.67 Unrealized -11.2%

ENB ENBRIDGE INC 3.1%

Value ($000) $4,174 Shares 130,472 Est. Cost $23.92 Unrealized -9.3%

TRGP TARGA RES CORP 2.9%

Value ($000) $3,935 Shares 149,184 Est. Cost $19.24 Unrealized 0.0%

WES WESTERN MIDSTREAM PARTNERS L 2.6%

Value ($000) $3,568 Shares 258,185 Est. Cost $13.82 Unrealized —

TRP TC ENERGY CORP 2.4%

Value ($000) $3,207 Shares 78,767 Est. Cost $36.06 Unrealized -9.7%

SU SUNCOR ENERGY INC NEW 2.3%

Value ($000) $3,035 Shares 180,885 Est. Cost $13.23 Unrealized -9.1%

— TOTAL SE 2.2%

Value ($000) $2,974 Shares 70,963 Est. Cost $42.53 Unrealized —

SUN SUNOCO LP/SUNOCO FIN CORP 2.1%

Value ($000) $2,768 Shares 96,183 Est. Cost $26.00 Unrealized —

LNG CHENIERE ENERGY INC 1.9%

Value ($000) $2,524 Shares 42,047 Est. Cost $57.19 Unrealized -6.2%

AROC ARCHROCK INC 1.8%

Value ($000) $2,380 Shares 274,776 Est. Cost $5.82 Unrealized -4.5%

PLUG PLUG POWER INC 1.5%

Value ($000) $2,077 Shares 61,245 Est. Cost $11.02 Unrealized +105.5%

FCX FREEPORT-MCMORAN INC 1.2%

Value ($000) $1,599 Shares 61,437 Est. Cost $10.14 Unrealized +91.8%

AA ALCOA CORP 1.1%

Value ($000) $1,448 Shares 62,825 Est. Cost $15.36 Unrealized +8.3%

BHP BHP GROUP LTD 1.1%

Value ($000) $1,420 Shares 21,735 Est. Cost $51.02 Unrealized —

NTR NUTRIEN LTD 1.0%

Value ($000) $1,303 Shares 27,085 Est. Cost $36.73 Unrealized +2.6%

DAR DARLING INGREDIENTS INC 0.8%

Value ($000) $1,106 Shares 19,168 Est. Cost $47.78 Unrealized 0.0%

RIO RIO TINTO PLC 0.7%

Value ($000) $928 Shares 12,332 Est. Cost $56.50 Unrealized —

— RENEWABLE ENERGY GROUP INC 0.7%

Value ($000) $919 Shares 12,978 Est. Cost $70.81 Unrealized —

— WESTROCK CO 0.7%

Value ($000) $911 Shares 20,930 Est. Cost $39.97 Unrealized —

WLK WESTLAKE CHEM CORP 0.7%

Value ($000) $881 Shares 10,798 Est. Cost $57.07 Unrealized +20.7%

VALE VALE S A 0.6%

Value ($000) $857 Shares 51,139 Est. Cost $12.21 Unrealized —

NEM NEWMONT CORP 0.6%

Value ($000) $855 Shares 14,278 Est. Cost $50.36 Unrealized +4.0%

— BARRICK GOLD CORP 0.6%

Value ($000) $799 Shares 35,064 Est. Cost $19.43 Unrealized —

COP CONOCOPHILLIPS 0.5%

Value ($000) $668 Shares 16,701 Est. Cost $44.96 Unrealized -31.7%

WY WEYERHAEUSER CO MTN BE 0.5%

Value ($000) $640 Shares 19,084 Est. Cost $22.71 Unrealized +7.8%

IP INTERNATIONAL PAPER CO 0.5%

Value ($000) $636 Shares 12,798 Est. Cost $30.17 Unrealized +18.8%

Value ($000) $636 Shares 10,200 Est. Cost $44.00 Unrealized —

NUE NUCOR CORP 0.4%

Value ($000) $566 Shares 10,637 Est. Cost $42.28 Unrealized +12.1%

XOM EXXON MOBIL CORP 0.3%

Value ($000) $390 Shares 9,453 Est. Cost $52.07 Unrealized -41.7%

CTVA CORTEVA INC 0.3%

Value ($000) $348 Shares 9,000 Est. Cost $26.48 Unrealized +27.5%

ADM ARCHER DANIELS MIDLAND CO 0.2%

Value ($000) $282 Shares 5,589 Est. Cost $31.91 Unrealized +34.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EPD	ENTERPRISE PRODS PARTNERS L	430,756	$8,439	6.3%	$21.48	—	COM	293792107
KMI	KINDER MORGAN INC DEL	616,241	$8,424	6.3%	$12.37	-19.7%	COM	49456B101
CVE	CENOVUS ENERGY INC	1,386,179	$8,373	6.2%	$5.04	-16.3%	COM	15135U109
PAGP	PLAINS GP HLDGS L P	908,345	$7,676	5.7%	$11.10	—	LTD PARTNR INT A	72651A207
ET	ENERGY TRANSFER LP	1,212,643	$7,494	5.6%	$8.33	—	COM UT LTD PTN	29273V100
PBA	PEMBINA PIPELINE CORP	299,612	$7,089	5.3%	$21.44	-16.6%	COM	706327103
MPC	MARATHON PETE CORP	153,462	$6,347	4.7%	$36.54	-14.4%	COM	56585A102
PSX	PHILLIPS 66	90,399	$6,323	4.7%	$64.52	-25.7%	COM	718546104
WMB	WILLIAMS COS INC	289,734	$5,809	4.3%	$15.35	+1.8%	COM	969457100
—	MAGELLAN MIDSTREAM PRTNRS LP	129,202	$5,483	4.1%	$42.41	—	COM UNIT RP LP	559080106
—	VIPER ENERGY PARTNERS LP	445,831	$5,181	3.8%	$10.47	—	COM UNT RP INT	92763M105
—	EQUITRANS MIDSTREAM CORP	636,079	$5,114	3.8%	$9.50	—	COM	294600101
VLO	VALERO ENERGY CORP	89,596	$5,068	3.8%	$45.67	-11.2%	COM	91913Y100
ENB	ENBRIDGE INC	130,472	$4,174	3.1%	$23.92	-9.3%	COM	29250N105
TRGP	TARGA RES CORP	149,184	$3,935	2.9%	$19.24	0.0%	COM	87612G101
WES	WESTERN MIDSTREAM PARTNERS L	258,185	$3,568	2.6%	$13.82	—	COM UNIT LP INT	958669103
TRP	TC ENERGY CORP	78,767	$3,207	2.4%	$36.06	-9.7%	COM	87807B107
SU	SUNCOR ENERGY INC NEW	180,885	$3,035	2.3%	$13.23	-9.1%	COM	867224107
—	TOTAL SE	70,963	$2,974	2.2%	$42.53	—	SPONSORED ADS	89151E109
SUN	SUNOCO LP/SUNOCO FIN CORP	96,183	$2,768	2.1%	$26.00	—	COM UT REP LP	86765K109
LNG	CHENIERE ENERGY INC	42,047	$2,524	1.9%	$57.19	-6.2%	COM NEW	16411R208
AROC	ARCHROCK INC	274,776	$2,380	1.8%	$5.82	-4.5%	COM	03957W106
PLUG	PLUG POWER INC	61,245	$2,077	1.5%	$11.02	+105.5%	COM NEW	72919P202
FCX	FREEPORT-MCMORAN INC	61,437	$1,599	1.2%	$10.14	+91.8%	CL B	35671D857
AA	ALCOA CORP	62,825	$1,448	1.1%	$15.36	+8.3%	COM	013872106
BHP	BHP GROUP LTD	21,735	$1,420	1.1%	$51.02	—	SPONSORED ADS	088606108
NTR	NUTRIEN LTD	27,085	$1,303	1.0%	$36.73	+2.6%	COM	67077M108
DAR	DARLING INGREDIENTS INC	19,168	$1,106	0.8%	$47.78	0.0%	COM	237266101
RIO	RIO TINTO PLC	12,332	$928	0.7%	$56.50	—	SPONSORED ADR	767204100
—	RENEWABLE ENERGY GROUP INC	12,978	$919	0.7%	$70.81	—	COM NEW	75972A301
—	WESTROCK CO	20,930	$911	0.7%	$39.97	—	COM	96145D105
WLK	WESTLAKE CHEM CORP	10,798	$881	0.7%	$57.07	+20.7%	COM	960413102
VALE	VALE S A	51,139	$857	0.6%	$12.21	—	SPONSORED ADS	91912E105
NEM	NEWMONT CORP	14,278	$855	0.6%	$50.36	+4.0%	COM	651639106
—	BARRICK GOLD CORP	35,064	$799	0.6%	$19.43	—	COM	067901108
COP	CONOCOPHILLIPS	16,701	$668	0.5%	$44.96	-31.7%	COM	20825C104
WY	WEYERHAEUSER CO MTN BE	19,084	$640	0.5%	$22.71	+7.8%	COM NEW	962166104
IP	INTERNATIONAL PAPER CO	12,798	$636	0.5%	$30.17	+18.8%	COM	460146103
PKX	POSCO	10,200	$636	0.5%	$44.00	—	SPONSORED ADR	693483109
NUE	NUCOR CORP	10,637	$566	0.4%	$42.28	+12.1%	COM	670346105
XOM	EXXON MOBIL CORP	9,453	$390	0.3%	$52.07	-41.7%	COM	30231G102
CTVA	CORTEVA INC	9,000	$348	0.3%	$26.48	+27.5%	COM	22052L104
ADM	ARCHER DANIELS MIDLAND CO	5,589	$282	0.2%	$31.91	+34.2%	COM	039483102