Recurrent Investment Advisors LLC Long-Term Concentrated

CIK: 0001803146 · Show all filings

Period: Q4 2021 (← Previous) (Next →)

Filing Date: Feb 14, 2022

Total Value ($000): $247,923 (100.0% shares, 0.0% debt)

Holdings (42)

CVE CENOVUS ENERGY INC 9.8%

Value ($000) $24,217 Shares 1,972,033 Est. Cost $5.87 Unrealized +85.4%

ET ENERGY TRANSFER L P 6.2%

Value ($000) $15,363 Shares 1,866,677 Est. Cost $8.75 Unrealized —

PBA PEMBINA PIPELINE CORP 6.1%

Value ($000) $15,074 Shares 496,999 Est. Cost $22.84 Unrealized +13.6%

— VIPER ENERGY PARTNERS LP 5.6%

Value ($000) $13,918 Shares 653,101 Est. Cost $13.90 Unrealized —

MPC MARATHON PETE CORP 5.5%

Value ($000) $13,697 Shares 214,049 Est. Cost $40.85 Unrealized +43.0%

WES WESTERN MIDSTREAM PARTNERS L 5.5%

Value ($000) $13,625 Shares 611,804 Est. Cost $18.17 Unrealized —

VLO VALERO ENERGY CORP 5.1%

Value ($000) $12,536 Shares 166,902 Est. Cost $52.43 Unrealized +24.2%

EPD ENTERPRISE PRODS PARTNERS L 5.0%

Value ($000) $12,319 Shares 560,965 Est. Cost $21.76 Unrealized —

PAGP PLAINS GP HLDGS L P 4.9%

Value ($000) $12,137 Shares 1,196,964 Est. Cost $10.95 Unrealized —

SU SUNCOR ENERGY INC NEW 4.8%

Value ($000) $11,943 Shares 477,130 Est. Cost $15.78 Unrealized +30.8%

PSX PHILLIPS 66 4.8%

Value ($000) $11,872 Shares 163,836 Est. Cost $64.60 Unrealized +0.2%

TRGP TARGA RES CORP 4.7%

Value ($000) $11,658 Shares 223,158 Est. Cost $26.20 Unrealized +87.1%

KMI KINDER MORGAN INC DEL 4.0%

Value ($000) $9,852 Shares 621,196 Est. Cost $12.47 Unrealized +5.8%

WMB WILLIAMS COS INC 3.8%

Value ($000) $9,544 Shares 366,518 Est. Cost $16.61 Unrealized +37.0%

— MAGELLAN MIDSTREAM PRTNRS LP 3.2%

Value ($000) $8,024 Shares 172,779 Est. Cost $43.51 Unrealized —

ENB ENBRIDGE INC 2.7%

Value ($000) $6,661 Shares 170,444 Est. Cost $25.29 Unrealized +21.2%

LNG CHENIERE ENERGY INC 2.6%

Value ($000) $6,426 Shares 63,356 Est. Cost $68.12 Unrealized +53.1%

— EQUITRANS MIDSTREAM CORP 2.1%

Value ($000) $5,124 Shares 495,572 Est. Cost $9.58 Unrealized —

TRP TC ENERGY CORP 1.7%

Value ($000) $4,119 Shares 88,510 Est. Cost $36.37 Unrealized +9.6%

ARLP ALLIANCE RESOURCE PARTNERS L 1.4%

Value ($000) $3,589 Shares 283,904 Est. Cost $11.16 Unrealized —

SUN SUNOCO LP/SUNOCO FIN CORP 1.3%

Value ($000) $3,137 Shares 76,820 Est. Cost $27.48 Unrealized —

DAR DARLING INGREDIENTS INC 1.1%

Value ($000) $2,688 Shares 38,792 Est. Cost $60.10 Unrealized +20.9%

AA ALCOA CORP 1.0%

Value ($000) $2,451 Shares 41,136 Est. Cost $15.36 Unrealized +212.1%

NTR NUTRIEN LTD 0.8%

Value ($000) $2,037 Shares 27,085 Est. Cost $61.64 Unrealized 0.0%

FCX FREEPORT-MCMORAN INC 0.7%

Value ($000) $1,623 Shares 38,881 Est. Cost $10.14 Unrealized +252.9%

BHP BHP GROUP LTD 0.5%

Value ($000) $1,312 Shares 21,735 Est. Cost $51.02 Unrealized —

— TOTALENERGIES SE 0.5%

Value ($000) $1,260 Shares 25,468 Est. Cost $42.53 Unrealized —

RIO RIO TINTO PLC 0.5%

Value ($000) $1,227 Shares 18,332 Est. Cost $59.88 Unrealized —

COP CONOCOPHILLIPS 0.5%

Value ($000) $1,205 Shares 16,701 Est. Cost $44.96 Unrealized +39.3%

— RENEWABLE ENERGY GROUP INC 0.4%

Value ($000) $1,077 Shares 25,380 Est. Cost $63.89 Unrealized —

— WESTROCK CO 0.4%

Value ($000) $1,070 Shares 24,130 Est. Cost $43.16 Unrealized —

NEM NEWMONT CORP 0.4%

Value ($000) $886 Shares 14,278 Est. Cost $50.36 Unrealized -1.0%

WY WEYERHAEUSER CO MTN BE 0.3%

Value ($000) $786 Shares 19,084 Est. Cost $22.71 Unrealized +40.8%

Value ($000) $758 Shares 13,000 Est. Cost $54.58 Unrealized —

NUE NUCOR CORP 0.3%

Value ($000) $711 Shares 6,228 Est. Cost $42.28 Unrealized +142.5%

FMC FMC CORP 0.3%

Value ($000) $705 Shares 6,416 Est. Cost $93.71 Unrealized -6.9%

WLK WESTLAKE CHEM CORP 0.3%

Value ($000) $659 Shares 6,784 Est. Cost $57.07 Unrealized +59.6%

CTVA CORTEVA INC 0.3%

Value ($000) $638 Shares 13,500 Est. Cost $32.17 Unrealized +35.4%

IP INTERNATIONAL PAPER CO 0.2%

Value ($000) $601 Shares 12,798 Est. Cost $30.17 Unrealized +36.0%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $578 Shares 9,453 Est. Cost $52.07 Unrealized +3.5%

VALE VALE S A 0.2%

Value ($000) $438 Shares 31,239 Est. Cost $12.21 Unrealized —

ADM ARCHER DANIELS MIDLAND CO 0.2%

Value ($000) $378 Shares 5,589 Est. Cost $31.91 Unrealized +79.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVE	CENOVUS ENERGY INC	1,972,033	$24,217	9.8%	$5.87	+85.4%	COM	15135U109
ET	ENERGY TRANSFER L P	1,866,677	$15,363	6.2%	$8.75	—	COM UT LTD PTN	29273V100
PBA	PEMBINA PIPELINE CORP	496,999	$15,074	6.1%	$22.84	+13.6%	COM	706327103
—	VIPER ENERGY PARTNERS LP	653,101	$13,918	5.6%	$13.90	—	COM UNT RP INT	92763M105
MPC	MARATHON PETE CORP	214,049	$13,697	5.5%	$40.85	+43.0%	COM	56585A102
WES	WESTERN MIDSTREAM PARTNERS L	611,804	$13,625	5.5%	$18.17	—	COM UNIT LP INT	958669103
VLO	VALERO ENERGY CORP	166,902	$12,536	5.1%	$52.43	+24.2%	COM	91913Y100
EPD	ENTERPRISE PRODS PARTNERS L	560,965	$12,319	5.0%	$21.76	—	COM	293792107
PAGP	PLAINS GP HLDGS L P	1,196,964	$12,137	4.9%	$10.95	—	LTD PARTNR INT A	72651A207
SU	SUNCOR ENERGY INC NEW	477,130	$11,943	4.8%	$15.78	+30.8%	COM	867224107
PSX	PHILLIPS 66	163,836	$11,872	4.8%	$64.60	+0.2%	COM	718546104
TRGP	TARGA RES CORP	223,158	$11,658	4.7%	$26.20	+87.1%	COM	87612G101
KMI	KINDER MORGAN INC DEL	621,196	$9,852	4.0%	$12.47	+5.8%	COM	49456B101
WMB	WILLIAMS COS INC	366,518	$9,544	3.8%	$16.61	+37.0%	COM	969457100
—	MAGELLAN MIDSTREAM PRTNRS LP	172,779	$8,024	3.2%	$43.51	—	COM UNIT RP LP	559080106
ENB	ENBRIDGE INC	170,444	$6,661	2.7%	$25.29	+21.2%	COM	29250N105
LNG	CHENIERE ENERGY INC	63,356	$6,426	2.6%	$68.12	+53.1%	COM NEW	16411R208
—	EQUITRANS MIDSTREAM CORP	495,572	$5,124	2.1%	$9.58	—	COM	294600101
TRP	TC ENERGY CORP	88,510	$4,119	1.7%	$36.37	+9.6%	COM	87807B107
ARLP	ALLIANCE RESOURCE PARTNERS L	283,904	$3,589	1.4%	$11.16	—	UT LTD PART	01877R108
SUN	SUNOCO LP/SUNOCO FIN CORP	76,820	$3,137	1.3%	$27.48	—	COM UT REP LP	86765K109
DAR	DARLING INGREDIENTS INC	38,792	$2,688	1.1%	$60.10	+20.9%	COM	237266101
AA	ALCOA CORP	41,136	$2,451	1.0%	$15.36	+212.1%	COM	013872106
NTR	NUTRIEN LTD	27,085	$2,037	0.8%	$61.64	0.0%	COM	67077M108
FCX	FREEPORT-MCMORAN INC	38,881	$1,623	0.7%	$10.14	+252.9%	CL B	35671D857
BHP	BHP GROUP LTD	21,735	$1,312	0.5%	$51.02	—	SPONSORED ADS	088606108
—	TOTALENERGIES SE	25,468	$1,260	0.5%	$42.53	—	SPONSORED ADS	89151E109
RIO	RIO TINTO PLC	18,332	$1,227	0.5%	$59.88	—	SPONSORED ADR	767204100
COP	CONOCOPHILLIPS	16,701	$1,205	0.5%	$44.96	+39.3%	COM	20825C104
—	RENEWABLE ENERGY GROUP INC	25,380	$1,077	0.4%	$63.89	—	COM NEW	75972A301
—	WESTROCK CO	24,130	$1,070	0.4%	$43.16	—	COM	96145D105
NEM	NEWMONT CORP	14,278	$886	0.4%	$50.36	-1.0%	COM	651639106
WY	WEYERHAEUSER CO MTN BE	19,084	$786	0.3%	$22.71	+40.8%	COM NEW	962166104
PKX	POSCO	13,000	$758	0.3%	$54.58	—	SPONSORED ADR	693483109
NUE	NUCOR CORP	6,228	$711	0.3%	$42.28	+142.5%	COM	670346105
FMC	FMC CORP	6,416	$705	0.3%	$93.71	-6.9%	COM NEW	302491303
WLK	WESTLAKE CHEM CORP	6,784	$659	0.3%	$57.07	+59.6%	COM	960413102
CTVA	CORTEVA INC	13,500	$638	0.3%	$32.17	+35.4%	COM	22052L104
IP	INTERNATIONAL PAPER CO	12,798	$601	0.2%	$30.17	+36.0%	COM	460146103
XOM	EXXON MOBIL CORP	9,453	$578	0.2%	$52.07	+3.5%	COM	30231G102
VALE	VALE S A	31,239	$438	0.2%	$12.21	—	SPONSORED ADS	91912E105
ADM	ARCHER DANIELS MIDLAND CO	5,589	$378	0.2%	$31.91	+79.9%	COM	039483102