Recurrent Investment Advisors LLC Long-Term Concentrated

CIK: 0001803146 · Show all filings

Period: Q3 2021 (← Previous) (Next →)

Filing Date: Nov 15, 2021

Total Value ($000): $227,702 (100.0% shares, 0.0% debt)

Holdings (41)

CVE CENOVUS ENERGY INC 8.7%

Value ($000) $19,836 Shares 1,971,767 Est. Cost $5.87 Unrealized +31.9%

ET ENERGY TRANSFER L P 7.2%

Value ($000) $16,316 Shares 1,703,177 Est. Cost $8.80 Unrealized —

PBA PEMBINA PIPELINE CORP 6.2%

Value ($000) $14,229 Shares 448,999 Est. Cost $22.51 Unrealized +12.4%

— VIPER ENERGY PARTNERS LP 5.8%

Value ($000) $13,287 Shares 608,101 Est. Cost $13.35 Unrealized —

MPC MARATHON PETE CORP 5.7%

Value ($000) $13,045 Shares 211,049 Est. Cost $40.60 Unrealized +27.6%

WES WESTERN MIDSTREAM PARTNERS L 5.6%

Value ($000) $12,675 Shares 604,732 Est. Cost $18.12 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 5.5%

Value ($000) $12,433 Shares 574,538 Est. Cost $21.76 Unrealized —

PAGP PLAINS GP HLDGS L P 5.1%

Value ($000) $11,664 Shares 1,082,464 Est. Cost $11.03 Unrealized —

VLO VALERO ENERGY CORP 4.9%

Value ($000) $11,207 Shares 158,802 Est. Cost $51.79 Unrealized +11.1%

KMI KINDER MORGAN INC DEL 4.8%

Value ($000) $10,879 Shares 650,298 Est. Cost $12.47 Unrealized +6.3%

TRGP TARGA RES CORP 4.6%

Value ($000) $10,391 Shares 211,158 Est. Cost $24.90 Unrealized +61.3%

SU SUNCOR ENERGY INC NEW 4.2%

Value ($000) $9,506 Shares 458,362 Est. Cost $15.58 Unrealized +7.6%

PSX PHILLIPS 66 4.2%

Value ($000) $9,465 Shares 135,151 Est. Cost $64.58 Unrealized -5.2%

WMB WILLIAMS COS INC 3.9%

Value ($000) $8,989 Shares 346,518 Est. Cost $16.25 Unrealized +25.5%

— MAGELLAN MIDSTREAM PRTNRS LP 3.3%

Value ($000) $7,529 Shares 165,179 Est. Cost $43.37 Unrealized —

ENB ENBRIDGE INC 2.7%

Value ($000) $6,238 Shares 156,744 Est. Cost $24.82 Unrealized +19.6%

LNG CHENIERE ENERGY INC 2.5%

Value ($000) $5,722 Shares 58,584 Est. Cost $65.17 Unrealized +34.3%

— EQUITRANS MIDSTREAM CORP 1.9%

Value ($000) $4,285 Shares 422,539 Est. Cost $9.45 Unrealized —

TRP TC ENERGY CORP 1.9%

Value ($000) $4,256 Shares 88,510 Est. Cost $36.37 Unrealized +6.2%

DAR DARLING INGREDIENTS INC 1.3%

Value ($000) $3,055 Shares 42,492 Est. Cost $60.10 Unrealized +19.1%

SUN SUNOCO LP/SUNOCO FIN CORP 1.3%

Value ($000) $2,867 Shares 76,820 Est. Cost $27.48 Unrealized —

ARLP ALLIANCE RESOURCE PARTNERS L 1.1%

Value ($000) $2,581 Shares 237,424 Est. Cost $10.87 Unrealized —

AA ALCOA CORP 1.0%

Value ($000) $2,233 Shares 45,636 Est. Cost $15.36 Unrealized +162.8%

— WESTROCK CO 0.6%

Value ($000) $1,417 Shares 28,430 Est. Cost $43.16 Unrealized —

— RENEWABLE ENERGY GROUP INC 0.6%

Value ($000) $1,274 Shares 25,380 Est. Cost $63.89 Unrealized —

FCX FREEPORT-MCMORAN INC 0.6%

Value ($000) $1,265 Shares 38,881 Est. Cost $10.14 Unrealized +226.2%

RIO RIO TINTO PLC 0.5%

Value ($000) $1,225 Shares 18,332 Est. Cost $59.88 Unrealized —

— TOTALENERGIES SE 0.5%

Value ($000) $1,221 Shares 25,468 Est. Cost $42.53 Unrealized —

BHP BHP GROUP LTD 0.5%

Value ($000) $1,163 Shares 21,735 Est. Cost $51.02 Unrealized —

COP CONOCOPHILLIPS 0.5%

Value ($000) $1,132 Shares 16,701 Est. Cost $44.96 Unrealized +9.7%

Value ($000) $897 Shares 13,000 Est. Cost $54.58 Unrealized —

NEM NEWMONT CORP 0.3%

Value ($000) $775 Shares 14,278 Est. Cost $50.36 Unrealized +2.0%

IP INTERNATIONAL PAPER CO 0.3%

Value ($000) $716 Shares 12,798 Est. Cost $30.17 Unrealized +52.1%

WY WEYERHAEUSER CO MTN BE 0.3%

Value ($000) $679 Shares 19,084 Est. Cost $22.71 Unrealized +27.5%

WLK WESTLAKE CHEM CORP 0.3%

Value ($000) $618 Shares 6,784 Est. Cost $57.07 Unrealized +39.7%

NUE NUCOR CORP 0.3%

Value ($000) $613 Shares 6,228 Est. Cost $42.28 Unrealized +134.8%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $556 Shares 9,453 Est. Cost $52.07 Unrealized -6.9%

VALE VALE S A 0.2%

Value ($000) $436 Shares 31,239 Est. Cost $12.21 Unrealized —

CTVA CORTEVA INC 0.2%

Value ($000) $379 Shares 9,000 Est. Cost $26.48 Unrealized +55.7%

ADM ARCHER DANIELS MIDLAND CO 0.1%

Value ($000) $335 Shares 5,589 Est. Cost $31.91 Unrealized +66.0%

FMC FMC CORP 0.1%

Value ($000) $313 Shares 3,416 Est. Cost $99.42 Unrealized -14.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVE	CENOVUS ENERGY INC	1,971,767	$19,836	8.7%	$5.87	+31.9%	COM	15135U109
ET	ENERGY TRANSFER L P	1,703,177	$16,316	7.2%	$8.80	—	COM UT LTD PTN	29273V100
PBA	PEMBINA PIPELINE CORP	448,999	$14,229	6.2%	$22.51	+12.4%	COM	706327103
—	VIPER ENERGY PARTNERS LP	608,101	$13,287	5.8%	$13.35	—	COM UNT RP INT	92763M105
MPC	MARATHON PETE CORP	211,049	$13,045	5.7%	$40.60	+27.6%	COM	56585A102
WES	WESTERN MIDSTREAM PARTNERS L	604,732	$12,675	5.6%	$18.12	—	COM UNIT LP INT	958669103
EPD	ENTERPRISE PRODS PARTNERS L	574,538	$12,433	5.5%	$21.76	—	COM	293792107
PAGP	PLAINS GP HLDGS L P	1,082,464	$11,664	5.1%	$11.03	—	LTD PARTNR INT A	72651A207
VLO	VALERO ENERGY CORP	158,802	$11,207	4.9%	$51.79	+11.1%	COM	91913Y100
KMI	KINDER MORGAN INC DEL	650,298	$10,879	4.8%	$12.47	+6.3%	COM	49456B101
TRGP	TARGA RES CORP	211,158	$10,391	4.6%	$24.90	+61.3%	COM	87612G101
SU	SUNCOR ENERGY INC NEW	458,362	$9,506	4.2%	$15.58	+7.6%	COM	867224107
PSX	PHILLIPS 66	135,151	$9,465	4.2%	$64.58	-5.2%	COM	718546104
WMB	WILLIAMS COS INC	346,518	$8,989	3.9%	$16.25	+25.5%	COM	969457100
—	MAGELLAN MIDSTREAM PRTNRS LP	165,179	$7,529	3.3%	$43.37	—	COM UNIT RP LP	559080106
ENB	ENBRIDGE INC	156,744	$6,238	2.7%	$24.82	+19.6%	COM	29250N105
LNG	CHENIERE ENERGY INC	58,584	$5,722	2.5%	$65.17	+34.3%	COM NEW	16411R208
—	EQUITRANS MIDSTREAM CORP	422,539	$4,285	1.9%	$9.45	—	COM	294600101
TRP	TC ENERGY CORP	88,510	$4,256	1.9%	$36.37	+6.2%	COM	87807B107
DAR	DARLING INGREDIENTS INC	42,492	$3,055	1.3%	$60.10	+19.1%	COM	237266101
SUN	SUNOCO LP/SUNOCO FIN CORP	76,820	$2,867	1.3%	$27.48	—	COM UT REP LP	86765K109
ARLP	ALLIANCE RESOURCE PARTNERS L	237,424	$2,581	1.1%	$10.87	—	UT LTD PART	01877R108
AA	ALCOA CORP	45,636	$2,233	1.0%	$15.36	+162.8%	COM	013872106
—	WESTROCK CO	28,430	$1,417	0.6%	$43.16	—	COM	96145D105
—	RENEWABLE ENERGY GROUP INC	25,380	$1,274	0.6%	$63.89	—	COM NEW	75972A301
FCX	FREEPORT-MCMORAN INC	38,881	$1,265	0.6%	$10.14	+226.2%	CL B	35671D857
RIO	RIO TINTO PLC	18,332	$1,225	0.5%	$59.88	—	SPONSORED ADR	767204100
—	TOTALENERGIES SE	25,468	$1,221	0.5%	$42.53	—	SPONSORED ADS	89151E109
BHP	BHP GROUP LTD	21,735	$1,163	0.5%	$51.02	—	SPONSORED ADS	088606108
COP	CONOCOPHILLIPS	16,701	$1,132	0.5%	$44.96	+9.7%	COM	20825C104
PKX	POSCO	13,000	$897	0.4%	$54.58	—	SPONSORED ADR	693483109
NEM	NEWMONT CORP	14,278	$775	0.3%	$50.36	+2.0%	COM	651639106
IP	INTERNATIONAL PAPER CO	12,798	$716	0.3%	$30.17	+52.1%	COM	460146103
WY	WEYERHAEUSER CO MTN BE	19,084	$679	0.3%	$22.71	+27.5%	COM NEW	962166104
WLK	WESTLAKE CHEM CORP	6,784	$618	0.3%	$57.07	+39.7%	COM	960413102
NUE	NUCOR CORP	6,228	$613	0.3%	$42.28	+134.8%	COM	670346105
XOM	EXXON MOBIL CORP	9,453	$556	0.2%	$52.07	-6.9%	COM	30231G102
VALE	VALE S A	31,239	$436	0.2%	$12.21	—	SPONSORED ADS	91912E105
CTVA	CORTEVA INC	9,000	$379	0.2%	$26.48	+55.7%	COM	22052L104
ADM	ARCHER DANIELS MIDLAND CO	5,589	$335	0.1%	$31.91	+66.0%	COM	039483102
FMC	FMC CORP	3,416	$313	0.1%	$99.42	-14.4%	COM NEW	302491303