Recurrent Investment Advisors LLC Long-Term Concentrated

CIK: 0001803146 · Show all filings

Period: Q2 2021 (← Previous) (Next →)

Filing Date: Aug 16, 2021

Total Value ($000): $198,443 (100.0% shares, 0.0% debt)

Holdings (43)

ET ENERGY TRANSFER L P 7.5%

Value ($000) $14,970 Shares 1,408,281 Est. Cost $8.63 Unrealized —

CVE CENOVUS ENERGY INC 7.4%

Value ($000) $14,727 Shares 1,537,251 Est. Cost $5.34 Unrealized +43.7%

PBA PEMBINA PIPELINE CORP 6.0%

Value ($000) $11,906 Shares 374,756 Est. Cost $21.96 Unrealized +12.8%

EPD ENTERPRISE PRODS PARTNERS L 6.0%

Value ($000) $11,862 Shares 491,607 Est. Cost $21.78 Unrealized —

KMI KINDER MORGAN INC DEL 5.7%

Value ($000) $11,391 Shares 624,841 Est. Cost $12.44 Unrealized +10.3%

MPC MARATHON PETE CORP 5.7%

Value ($000) $11,331 Shares 187,530 Est. Cost $39.19 Unrealized +33.4%

WES WESTERN MIDSTREAM PARTNERS L 5.4%

Value ($000) $10,701 Shares 499,575 Est. Cost $17.53 Unrealized —

PAGP PLAINS GP HLDGS L P 5.2%

Value ($000) $10,324 Shares 864,646 Est. Cost $11.10 Unrealized —

VLO VALERO ENERGY CORP 5.0%

Value ($000) $9,908 Shares 126,897 Est. Cost $50.34 Unrealized +31.1%

— VIPER ENERGY PARTNERS LP 4.9%

Value ($000) $9,801 Shares 520,508 Est. Cost $11.92 Unrealized —

PSX PHILLIPS 66 4.5%

Value ($000) $8,917 Shares 103,907 Est. Cost $65.58 Unrealized +7.6%

SU SUNCOR ENERGY INC NEW 4.2%

Value ($000) $8,313 Shares 346,816 Est. Cost $15.20 Unrealized +25.6%

WMB WILLIAMS COS INC 3.9%

Value ($000) $7,832 Shares 294,989 Est. Cost $15.53 Unrealized +31.6%

TRGP TARGA RES CORP 3.9%

Value ($000) $7,751 Shares 174,382 Est. Cost $21.68 Unrealized +62.6%

— MAGELLAN MIDSTREAM PRTNRS LP 3.3%

Value ($000) $6,604 Shares 135,026 Est. Cost $42.88 Unrealized —

ENB ENBRIDGE INC 2.8%

Value ($000) $5,574 Shares 139,214 Est. Cost $24.21 Unrealized +18.3%

LNG CHENIERE ENERGY INC 2.2%

Value ($000) $4,367 Shares 50,342 Est. Cost $61.51 Unrealized +32.2%

TRP TC ENERGY CORP 2.0%

Value ($000) $3,952 Shares 79,809 Est. Cost $36.12 Unrealized +8.9%

— EQUITRANS MIDSTREAM CORP 1.6%

Value ($000) $3,253 Shares 382,220 Est. Cost $9.37 Unrealized —

SUN SUNOCO LP/SUNOCO FIN CORP 1.3%

Value ($000) $2,519 Shares 66,820 Est. Cost $26.00 Unrealized —

DAR DARLING INGREDIENTS INC 1.1%

Value ($000) $2,257 Shares 33,432 Est. Cost $57.00 Unrealized +23.6%

AA ALCOA CORP 0.8%

Value ($000) $1,681 Shares 45,636 Est. Cost $15.36 Unrealized +126.1%

NTR NUTRIEN LTD 0.8%

Value ($000) $1,641 Shares 27,085 Est. Cost $36.73 Unrealized +39.8%

BHP BHP GROUP LTD 0.8%

Value ($000) $1,583 Shares 21,735 Est. Cost $51.02 Unrealized —

— WESTROCK CO 0.8%

Value ($000) $1,513 Shares 28,430 Est. Cost $43.16 Unrealized —

FCX FREEPORT-MCMORAN INC 0.7%

Value ($000) $1,443 Shares 38,881 Est. Cost $10.14 Unrealized +260.3%

— RENEWABLE ENERGY GROUP INC 0.6%

Value ($000) $1,216 Shares 19,499 Est. Cost $68.02 Unrealized —

— TOTALENERGIES SE 0.6%

Value ($000) $1,153 Shares 25,468 Est. Cost $42.53 Unrealized —

COP CONOCOPHILLIPS 0.5%

Value ($000) $1,017 Shares 16,701 Est. Cost $44.96 Unrealized +4.9%

RIO RIO TINTO PLC 0.5%

Value ($000) $1,012 Shares 12,332 Est. Cost $56.50 Unrealized —

NEM NEWMONT CORP 0.5%

Value ($000) $905 Shares 14,278 Est. Cost $50.36 Unrealized +15.0%

IP INTERNATIONAL PAPER CO 0.4%

Value ($000) $785 Shares 12,798 Est. Cost $30.17 Unrealized +54.6%

— BARRICK GOLD CORP 0.4%

Value ($000) $726 Shares 35,122 Est. Cost $19.43 Unrealized —

VALE VALE S A 0.4%

Value ($000) $713 Shares 31,239 Est. Cost $12.21 Unrealized —

WY WEYERHAEUSER CO MTN BE 0.3%

Value ($000) $657 Shares 19,084 Est. Cost $22.71 Unrealized +34.4%

AMTX AEMETIS INC 0.3%

Value ($000) $650 Shares 58,150 Est. Cost $12.44 Unrealized +26.7%

WLK WESTLAKE CHEM CORP 0.3%

Value ($000) $611 Shares 6,784 Est. Cost $57.07 Unrealized +57.9%

NUE NUCOR CORP 0.3%

Value ($000) $597 Shares 6,228 Est. Cost $42.28 Unrealized +105.8%

XOM EXXON MOBIL CORP 0.3%

Value ($000) $596 Shares 9,453 Est. Cost $52.07 Unrealized -3.9%

Value ($000) $576 Shares 7,500 Est. Cost $44.00 Unrealized —

CTVA CORTEVA INC 0.2%

Value ($000) $399 Shares 9,000 Est. Cost $26.48 Unrealized +65.8%

FMC FMC CORP 0.2%

Value ($000) $370 Shares 3,416 Est. Cost $99.42 Unrealized 0.0%

ADM ARCHER DANIELS MIDLAND CO 0.2%

Value ($000) $339 Shares 5,589 Est. Cost $31.91 Unrealized +74.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ET	ENERGY TRANSFER L P	1,408,281	$14,970	7.5%	$8.63	—	COM UT LTD PTN	29273V100
CVE	CENOVUS ENERGY INC	1,537,251	$14,727	7.4%	$5.34	+43.7%	COM	15135U109
PBA	PEMBINA PIPELINE CORP	374,756	$11,906	6.0%	$21.96	+12.8%	COM	706327103
EPD	ENTERPRISE PRODS PARTNERS L	491,607	$11,862	6.0%	$21.78	—	COM	293792107
KMI	KINDER MORGAN INC DEL	624,841	$11,391	5.7%	$12.44	+10.3%	COM	49456B101
MPC	MARATHON PETE CORP	187,530	$11,331	5.7%	$39.19	+33.4%	COM	56585A102
WES	WESTERN MIDSTREAM PARTNERS L	499,575	$10,701	5.4%	$17.53	—	COM UNIT LP INT	958669103
PAGP	PLAINS GP HLDGS L P	864,646	$10,324	5.2%	$11.10	—	LTD PARTNR INT A	72651A207
VLO	VALERO ENERGY CORP	126,897	$9,908	5.0%	$50.34	+31.1%	COM	91913Y100
—	VIPER ENERGY PARTNERS LP	520,508	$9,801	4.9%	$11.92	—	COM UNT RP INT	92763M105
PSX	PHILLIPS 66	103,907	$8,917	4.5%	$65.58	+7.6%	COM	718546104
SU	SUNCOR ENERGY INC NEW	346,816	$8,313	4.2%	$15.20	+25.6%	COM	867224107
WMB	WILLIAMS COS INC	294,989	$7,832	3.9%	$15.53	+31.6%	COM	969457100
TRGP	TARGA RES CORP	174,382	$7,751	3.9%	$21.68	+62.6%	COM	87612G101
—	MAGELLAN MIDSTREAM PRTNRS LP	135,026	$6,604	3.3%	$42.88	—	COM UNIT RP LP	559080106
ENB	ENBRIDGE INC	139,214	$5,574	2.8%	$24.21	+18.3%	COM	29250N105
LNG	CHENIERE ENERGY INC	50,342	$4,367	2.2%	$61.51	+32.2%	COM NEW	16411R208
TRP	TC ENERGY CORP	79,809	$3,952	2.0%	$36.12	+8.9%	COM	87807B107
—	EQUITRANS MIDSTREAM CORP	382,220	$3,253	1.6%	$9.37	—	COM	294600101
SUN	SUNOCO LP/SUNOCO FIN CORP	66,820	$2,519	1.3%	$26.00	—	COM UT REP LP	86765K109
DAR	DARLING INGREDIENTS INC	33,432	$2,257	1.1%	$57.00	+23.6%	COM	237266101
AA	ALCOA CORP	45,636	$1,681	0.8%	$15.36	+126.1%	COM	013872106
NTR	NUTRIEN LTD	27,085	$1,641	0.8%	$36.73	+39.8%	COM	67077M108
BHP	BHP GROUP LTD	21,735	$1,583	0.8%	$51.02	—	SPONSORED ADS	088606108
—	WESTROCK CO	28,430	$1,513	0.8%	$43.16	—	COM	96145D105
FCX	FREEPORT-MCMORAN INC	38,881	$1,443	0.7%	$10.14	+260.3%	CL B	35671D857
—	RENEWABLE ENERGY GROUP INC	19,499	$1,216	0.6%	$68.02	—	COM NEW	75972A301
—	TOTALENERGIES SE	25,468	$1,153	0.6%	$42.53	—	SPONSORED ADS	89151E109
COP	CONOCOPHILLIPS	16,701	$1,017	0.5%	$44.96	+4.9%	COM	20825C104
RIO	RIO TINTO PLC	12,332	$1,012	0.5%	$56.50	—	SPONSORED ADR	767204100
NEM	NEWMONT CORP	14,278	$905	0.5%	$50.36	+15.0%	COM	651639106
IP	INTERNATIONAL PAPER CO	12,798	$785	0.4%	$30.17	+54.6%	COM	460146103
—	BARRICK GOLD CORP	35,122	$726	0.4%	$19.43	—	COM	067901108
VALE	VALE S A	31,239	$713	0.4%	$12.21	—	SPONSORED ADS	91912E105
WY	WEYERHAEUSER CO MTN BE	19,084	$657	0.3%	$22.71	+34.4%	COM NEW	962166104
AMTX	AEMETIS INC	58,150	$650	0.3%	$12.44	+26.7%	COM NEW	00770K202
WLK	WESTLAKE CHEM CORP	6,784	$611	0.3%	$57.07	+57.9%	COM	960413102
NUE	NUCOR CORP	6,228	$597	0.3%	$42.28	+105.8%	COM	670346105
XOM	EXXON MOBIL CORP	9,453	$596	0.3%	$52.07	-3.9%	COM	30231G102
PKX	POSCO	7,500	$576	0.3%	$44.00	—	SPONSORED ADR	693483109
CTVA	CORTEVA INC	9,000	$399	0.2%	$26.48	+65.8%	COM	22052L104
FMC	FMC CORP	3,416	$370	0.2%	$99.42	0.0%	COM NEW	302491303
ADM	ARCHER DANIELS MIDLAND CO	5,589	$339	0.2%	$31.91	+74.8%	COM	039483102