Recurrent Investment Advisors LLC Long-Term Concentrated

CIK: 0001803146 · Show all filings

Period: Q1 2021 (← Previous) (Next →)

Filing Date: May 14, 2021

Total Value ($000): $157,984 (100.0% shares, 0.0% debt)

Holdings (44)

CVE CENOVUS ENERGY INC 6.5%

Value ($000) $10,244 Shares 1,362,234 Est. Cost $5.04 Unrealized +26.1%

KMI KINDER MORGAN INC DEL 6.3%

Value ($000) $9,880 Shares 593,379 Est. Cost $12.37 Unrealized -6.6%

EPD ENTERPRISE PRODS PARTNERS L 6.1%

Value ($000) $9,584 Shares 435,230 Est. Cost $21.48 Unrealized —

ET ENERGY TRANSFER LP 5.9%

Value ($000) $9,392 Shares 1,222,870 Est. Cost $8.33 Unrealized —

PBA PEMBINA PIPELINE CORP 5.8%

Value ($000) $9,151 Shares 317,316 Est. Cost $21.45 Unrealized +0.5%

PAGP PLAINS GP HLDGS L P 5.5%

Value ($000) $8,613 Shares 916,305 Est. Cost $11.10 Unrealized —

MPC MARATHON PETE CORP 5.4%

Value ($000) $8,475 Shares 158,445 Est. Cost $36.79 Unrealized +21.2%

VLO VALERO ENERGY CORP 4.9%

Value ($000) $7,767 Shares 108,478 Est. Cost $47.68 Unrealized +19.9%

PSX PHILLIPS 66 4.4%

Value ($000) $6,984 Shares 85,655 Est. Cost $64.52 Unrealized +0.6%

WMB WILLIAMS COS INC 4.3%

Value ($000) $6,750 Shares 284,918 Est. Cost $15.35 Unrealized +16.2%

— VIPER ENERGY PARTNERS LP 4.0%

Value ($000) $6,262 Shares 430,068 Est. Cost $10.47 Unrealized —

SU SUNCOR ENERGY INC NEW 3.7%

Value ($000) $5,864 Shares 280,591 Est. Cost $14.29 Unrealized +13.4%

— MAGELLAN MIDSTREAM PRTNRS LP 3.4%

Value ($000) $5,433 Shares 125,293 Est. Cost $42.41 Unrealized —

WES WESTERN MIDSTREAM PARTNERS L 3.0%

Value ($000) $4,759 Shares 255,972 Est. Cost $13.82 Unrealized —

ENB ENBRIDGE INC 3.0%

Value ($000) $4,754 Shares 130,608 Est. Cost $23.92 Unrealized +6.9%

TRGP TARGA RES CORP 3.0%

Value ($000) $4,693 Shares 147,807 Est. Cost $19.24 Unrealized +45.6%

TRP TC ENERGY CORP 2.3%

Value ($000) $3,587 Shares 78,408 Est. Cost $36.06 Unrealized -4.6%

— TOTAL SE 1.9%

Value ($000) $3,071 Shares 65,991 Est. Cost $42.53 Unrealized —

LNG CHENIERE ENERGY INC 1.9%

Value ($000) $2,977 Shares 41,335 Est. Cost $57.19 Unrealized +19.5%

SUN SUNOCO LP/SUNOCO FIN CORP 1.9%

Value ($000) $2,974 Shares 93,401 Est. Cost $26.00 Unrealized —

— EQUITRANS MIDSTREAM CORP 1.7%

Value ($000) $2,734 Shares 335,054 Est. Cost $9.50 Unrealized —

AROC ARCHROCK INC 1.5%

Value ($000) $2,436 Shares 256,670 Est. Cost $5.82 Unrealized +30.5%

DAR DARLING INGREDIENTS INC 1.3%

Value ($000) $2,061 Shares 28,013 Est. Cost $54.40 Unrealized +26.3%

AA ALCOA CORP 1.2%

Value ($000) $1,842 Shares 56,702 Est. Cost $15.36 Unrealized +57.4%

FCX FREEPORT-MCMORAN INC 1.0%

Value ($000) $1,644 Shares 49,925 Est. Cost $10.14 Unrealized +199.3%

BHP BHP GROUP LTD 1.0%

Value ($000) $1,508 Shares 21,735 Est. Cost $51.02 Unrealized —

— WESTROCK CO 0.9%

Value ($000) $1,480 Shares 28,430 Est. Cost $43.16 Unrealized —

NTR NUTRIEN LTD 0.9%

Value ($000) $1,460 Shares 27,085 Est. Cost $36.73 Unrealized +27.4%

AMTX AEMETIS INC 0.7%

Value ($000) $1,032 Shares 42,085 Est. Cost $11.17 Unrealized 0.0%

RIO RIO TINTO PLC 0.6%

Value ($000) $958 Shares 12,332 Est. Cost $56.50 Unrealized —

COP CONOCOPHILLIPS 0.6%

Value ($000) $885 Shares 16,701 Est. Cost $44.96 Unrealized -7.9%

— RENEWABLE ENERGY GROUP INC 0.5%

Value ($000) $862 Shares 13,058 Est. Cost $70.81 Unrealized —

NEM NEWMONT CORP 0.5%

Value ($000) $861 Shares 14,278 Est. Cost $50.36 Unrealized +1.8%

NUE NUCOR CORP 0.5%

Value ($000) $854 Shares 10,637 Est. Cost $42.28 Unrealized +32.6%

PLUG PLUG POWER INC 0.5%

Value ($000) $781 Shares 21,802 Est. Cost $11.02 Unrealized +367.8%

Value ($000) $736 Shares 10,200 Est. Cost $44.00 Unrealized —

VALE VALE S A 0.4%

Value ($000) $701 Shares 40,339 Est. Cost $12.21 Unrealized —

— BARRICK GOLD CORP 0.4%

Value ($000) $695 Shares 35,095 Est. Cost $19.43 Unrealized —

IP INTERNATIONAL PAPER CO 0.4%

Value ($000) $692 Shares 12,798 Est. Cost $30.17 Unrealized +30.7%

WY WEYERHAEUSER CO MTN BE 0.4%

Value ($000) $679 Shares 19,084 Est. Cost $22.71 Unrealized +22.8%

WLK WESTLAKE CHEM CORP 0.4%

Value ($000) $602 Shares 6,784 Est. Cost $57.07 Unrealized +40.7%

XOM EXXON MOBIL CORP 0.3%

Value ($000) $528 Shares 9,453 Est. Cost $52.07 Unrealized -16.8%

CTVA CORTEVA INC 0.3%

Value ($000) $420 Shares 9,000 Est. Cost $26.48 Unrealized +58.2%

ADM ARCHER DANIELS MIDLAND CO 0.2%

Value ($000) $319 Shares 5,589 Est. Cost $31.91 Unrealized +50.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVE	CENOVUS ENERGY INC	1,362,234	$10,244	6.5%	$5.04	+26.1%	COM	15135U109
KMI	KINDER MORGAN INC DEL	593,379	$9,880	6.3%	$12.37	-6.6%	COM	49456B101
EPD	ENTERPRISE PRODS PARTNERS L	435,230	$9,584	6.1%	$21.48	—	COM	293792107
ET	ENERGY TRANSFER LP	1,222,870	$9,392	5.9%	$8.33	—	COM UT LTD PTN	29273V100
PBA	PEMBINA PIPELINE CORP	317,316	$9,151	5.8%	$21.45	+0.5%	COM	706327103
PAGP	PLAINS GP HLDGS L P	916,305	$8,613	5.5%	$11.10	—	LTD PARTNR INT A	72651A207
MPC	MARATHON PETE CORP	158,445	$8,475	5.4%	$36.79	+21.2%	COM	56585A102
VLO	VALERO ENERGY CORP	108,478	$7,767	4.9%	$47.68	+19.9%	COM	91913Y100
PSX	PHILLIPS 66	85,655	$6,984	4.4%	$64.52	+0.6%	COM	718546104
WMB	WILLIAMS COS INC	284,918	$6,750	4.3%	$15.35	+16.2%	COM	969457100
—	VIPER ENERGY PARTNERS LP	430,068	$6,262	4.0%	$10.47	—	COM UNT RP INT	92763M105
SU	SUNCOR ENERGY INC NEW	280,591	$5,864	3.7%	$14.29	+13.4%	COM	867224107
—	MAGELLAN MIDSTREAM PRTNRS LP	125,293	$5,433	3.4%	$42.41	—	COM UNIT RP LP	559080106
WES	WESTERN MIDSTREAM PARTNERS L	255,972	$4,759	3.0%	$13.82	—	COM UNIT LP INT	958669103
ENB	ENBRIDGE INC	130,608	$4,754	3.0%	$23.92	+6.9%	COM	29250N105
TRGP	TARGA RES CORP	147,807	$4,693	3.0%	$19.24	+45.6%	COM	87612G101
TRP	TC ENERGY CORP	78,408	$3,587	2.3%	$36.06	-4.6%	COM	87807B107
—	TOTAL SE	65,991	$3,071	1.9%	$42.53	—	SPONSORED ADS	89151E109
LNG	CHENIERE ENERGY INC	41,335	$2,977	1.9%	$57.19	+19.5%	COM NEW	16411R208
SUN	SUNOCO LP/SUNOCO FIN CORP	93,401	$2,974	1.9%	$26.00	—	COM UT REP LP	86765K109
—	EQUITRANS MIDSTREAM CORP	335,054	$2,734	1.7%	$9.50	—	COM	294600101
AROC	ARCHROCK INC	256,670	$2,436	1.5%	$5.82	+30.5%	COM	03957W106
DAR	DARLING INGREDIENTS INC	28,013	$2,061	1.3%	$54.40	+26.3%	COM	237266101
AA	ALCOA CORP	56,702	$1,842	1.2%	$15.36	+57.4%	COM	013872106
FCX	FREEPORT-MCMORAN INC	49,925	$1,644	1.0%	$10.14	+199.3%	CL B	35671D857
BHP	BHP GROUP LTD	21,735	$1,508	1.0%	$51.02	—	SPONSORED ADS	088606108
—	WESTROCK CO	28,430	$1,480	0.9%	$43.16	—	COM	96145D105
NTR	NUTRIEN LTD	27,085	$1,460	0.9%	$36.73	+27.4%	COM	67077M108
AMTX	AEMETIS INC	42,085	$1,032	0.7%	$11.17	0.0%	COM NEW	00770K202
RIO	RIO TINTO PLC	12,332	$958	0.6%	$56.50	—	SPONSORED ADR	767204100
COP	CONOCOPHILLIPS	16,701	$885	0.6%	$44.96	-7.9%	COM	20825C104
—	RENEWABLE ENERGY GROUP INC	13,058	$862	0.5%	$70.81	—	COM NEW	75972A301
NEM	NEWMONT CORP	14,278	$861	0.5%	$50.36	+1.8%	COM	651639106
NUE	NUCOR CORP	10,637	$854	0.5%	$42.28	+32.6%	COM	670346105
PLUG	PLUG POWER INC	21,802	$781	0.5%	$11.02	+367.8%	COM NEW	72919P202
PKX	POSCO	10,200	$736	0.5%	$44.00	—	SPONSORED ADR	693483109
VALE	VALE S A	40,339	$701	0.4%	$12.21	—	SPONSORED ADS	91912E105
—	BARRICK GOLD CORP	35,095	$695	0.4%	$19.43	—	COM	067901108
IP	INTERNATIONAL PAPER CO	12,798	$692	0.4%	$30.17	+30.7%	COM	460146103
WY	WEYERHAEUSER CO MTN BE	19,084	$679	0.4%	$22.71	+22.8%	COM NEW	962166104
WLK	WESTLAKE CHEM CORP	6,784	$602	0.4%	$57.07	+40.7%	COM	960413102
XOM	EXXON MOBIL CORP	9,453	$528	0.3%	$52.07	-16.8%	COM	30231G102
CTVA	CORTEVA INC	9,000	$420	0.3%	$26.48	+58.2%	COM	22052L104
ADM	ARCHER DANIELS MIDLAND CO	5,589	$319	0.2%	$31.91	+50.3%	COM	039483102