Recurrent Investment Advisors LLC Long-Term Concentrated

CIK: 0001803146 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: May 16, 2022

Total Value ($000): $314,976 (100.0% shares, 0.0% debt)

Holdings (40)

CVE CENOVUS ENERGY INC 8.5%

Value ($000) $26,621 Shares 1,595,970 Est. Cost $5.87 Unrealized +135.4%

ET ENERGY TRANSFER L P 7.2%

Value ($000) $22,674 Shares 2,026,274 Est. Cost $8.94 Unrealized —

PBA PEMBINA PIPELINE CORP 6.1%

Value ($000) $19,217 Shares 511,099 Est. Cost $22.98 Unrealized +21.7%

— VIPER ENERGY PARTNERS LP 6.0%

Value ($000) $18,869 Shares 638,101 Est. Cost $13.90 Unrealized —

MPC MARATHON PETE CORP 5.6%

Value ($000) $17,703 Shares 207,049 Est. Cost $40.85 Unrealized +70.6%

TRGP TARGA RES CORP 5.4%

Value ($000) $17,030 Shares 225,658 Est. Cost $26.55 Unrealized +118.7%

PAGP PLAINS GP HLDGS L P 5.4%

Value ($000) $16,884 Shares 1,461,818 Est. Cost $11.06 Unrealized —

WES WESTERN MIDSTREAM PARTNERS L 5.4%

Value ($000) $16,869 Shares 668,880 Est. Cost $18.77 Unrealized —

VLO VALERO ENERGY CORP 5.3%

Value ($000) $16,643 Shares 163,902 Est. Cost $52.43 Unrealized +46.8%

PSX PHILLIPS 66 4.9%

Value ($000) $15,350 Shares 177,679 Est. Cost $65.24 Unrealized +11.6%

EPD ENTERPRISE PRODS PARTNERS L 4.7%

Value ($000) $14,859 Shares 575,697 Est. Cost $21.87 Unrealized —

SU SUNCOR ENERGY INC NEW 4.5%

Value ($000) $14,111 Shares 432,999 Est. Cost $15.78 Unrealized +61.5%

KMI KINDER MORGAN INC DEL 4.2%

Value ($000) $13,323 Shares 704,538 Est. Cost $12.68 Unrealized +11.9%

WMB WILLIAMS COS INC 4.1%

Value ($000) $13,010 Shares 389,418 Est. Cost $17.13 Unrealized +49.1%

LNG CHENIERE ENERGY INC 3.2%

Value ($000) $9,996 Shares 72,093 Est. Cost $74.59 Unrealized +62.9%

— MAGELLAN MIDSTREAM PRTNRS LP 2.9%

Value ($000) $9,037 Shares 184,163 Est. Cost $43.85 Unrealized —

ENB ENBRIDGE INC 2.5%

Value ($000) $7,810 Shares 169,444 Est. Cost $25.29 Unrealized +31.6%

ARLP ALLIANCE RESOURCE PARTNERS L 2.1%

Value ($000) $6,652 Shares 431,084 Est. Cost $12.62 Unrealized —

TRP TC ENERGY CORP 1.7%

Value ($000) $5,318 Shares 94,261 Est. Cost $36.77 Unrealized +16.9%

— EQUITRANS MIDSTREAM CORP 1.3%

Value ($000) $4,122 Shares 488,436 Est. Cost $9.58 Unrealized —

AA ALCOA CORP 1.1%

Value ($000) $3,343 Shares 37,136 Est. Cost $15.36 Unrealized +352.9%

SUN SUNOCO LP/SUNOCO FIN CORP 1.0%

Value ($000) $3,181 Shares 77,900 Est. Cost $27.66 Unrealized —

DAR DARLING INGREDIENTS INC 0.9%

Value ($000) $2,877 Shares 35,792 Est. Cost $60.10 Unrealized +15.9%

FCX FREEPORT-MCMORAN INC 0.7%

Value ($000) $2,259 Shares 45,411 Est. Cost $14.70 Unrealized +184.7%

BHP BHP GROUP LTD 0.6%

Value ($000) $1,963 Shares 25,407 Est. Cost $54.82 Unrealized —

COP CONOCOPHILLIPS 0.5%

Value ($000) $1,670 Shares 16,701 Est. Cost $44.96 Unrealized +77.2%

— WESTROCK CO 0.4%

Value ($000) $1,326 Shares 28,191 Est. Cost $43.72 Unrealized —

NEM NEWMONT CORP 0.4%

Value ($000) $1,325 Shares 16,677 Est. Cost $51.75 Unrealized +16.0%

— TOTALENERGIES SE 0.4%

Value ($000) $1,287 Shares 25,468 Est. Cost $42.53 Unrealized —

RIO RIO TINTO PLC 0.4%

Value ($000) $1,159 Shares 14,416 Est. Cost $59.88 Unrealized —

NUE NUCOR CORP 0.3%

Value ($000) $1,081 Shares 7,272 Est. Cost $52.80 Unrealized +118.8%

FMC FMC CORP 0.3%

Value ($000) $986 Shares 7,497 Est. Cost $94.97 Unrealized +7.9%

WLK WESTLAKE CORPORATION 0.3%

Value ($000) $978 Shares 7,925 Est. Cost $63.56 Unrealized +60.7%

CTVA CORTEVA INC 0.3%

Value ($000) $907 Shares 15,781 Est. Cost $34.60 Unrealized +41.6%

PKX POSCO HOLDINGS INC 0.3%

Value ($000) $901 Shares 15,196 Est. Cost $55.26 Unrealized —

WY WEYERHAEUSER CO MTN BE 0.3%

Value ($000) $845 Shares 22,308 Est. Cost $24.36 Unrealized +40.1%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $781 Shares 9,453 Est. Cost $52.07 Unrealized +30.4%

VALE VALE S A 0.2%

Value ($000) $730 Shares 36,517 Est. Cost $13.33 Unrealized —

IP INTERNATIONAL PAPER CO 0.2%

Value ($000) $689 Shares 14,931 Est. Cost $31.38 Unrealized +23.2%

ADM ARCHER DANIELS MIDLAND CO 0.2%

Value ($000) $590 Shares 6,533 Est. Cost $37.36 Unrealized +86.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVE	CENOVUS ENERGY INC	1,595,970	$26,621	8.5%	$5.87	+135.4%	COM	15135U109
ET	ENERGY TRANSFER L P	2,026,274	$22,674	7.2%	$8.94	—	COM UT LTD PTN	29273V100
PBA	PEMBINA PIPELINE CORP	511,099	$19,217	6.1%	$22.98	+21.7%	COM	706327103
—	VIPER ENERGY PARTNERS LP	638,101	$18,869	6.0%	$13.90	—	COM UNT RP INT	92763M105
MPC	MARATHON PETE CORP	207,049	$17,703	5.6%	$40.85	+70.6%	COM	56585A102
TRGP	TARGA RES CORP	225,658	$17,030	5.4%	$26.55	+118.7%	COM	87612G101
PAGP	PLAINS GP HLDGS L P	1,461,818	$16,884	5.4%	$11.06	—	LTD PARTNR INT A	72651A207
WES	WESTERN MIDSTREAM PARTNERS L	668,880	$16,869	5.4%	$18.77	—	COM UNIT LP INT	958669103
VLO	VALERO ENERGY CORP	163,902	$16,643	5.3%	$52.43	+46.8%	COM	91913Y100
PSX	PHILLIPS 66	177,679	$15,350	4.9%	$65.24	+11.6%	COM	718546104
EPD	ENTERPRISE PRODS PARTNERS L	575,697	$14,859	4.7%	$21.87	—	COM	293792107
SU	SUNCOR ENERGY INC NEW	432,999	$14,111	4.5%	$15.78	+61.5%	COM	867224107
KMI	KINDER MORGAN INC DEL	704,538	$13,323	4.2%	$12.68	+11.9%	COM	49456B101
WMB	WILLIAMS COS INC	389,418	$13,010	4.1%	$17.13	+49.1%	COM	969457100
LNG	CHENIERE ENERGY INC	72,093	$9,996	3.2%	$74.59	+62.9%	COM NEW	16411R208
—	MAGELLAN MIDSTREAM PRTNRS LP	184,163	$9,037	2.9%	$43.85	—	COM UNIT RP LP	559080106
ENB	ENBRIDGE INC	169,444	$7,810	2.5%	$25.29	+31.6%	COM	29250N105
ARLP	ALLIANCE RESOURCE PARTNERS L	431,084	$6,652	2.1%	$12.62	—	UT LTD PART	01877R108
TRP	TC ENERGY CORP	94,261	$5,318	1.7%	$36.77	+16.9%	COM	87807B107
—	EQUITRANS MIDSTREAM CORP	488,436	$4,122	1.3%	$9.58	—	COM	294600101
AA	ALCOA CORP	37,136	$3,343	1.1%	$15.36	+352.9%	COM	013872106
SUN	SUNOCO LP/SUNOCO FIN CORP	77,900	$3,181	1.0%	$27.66	—	COM UT REP LP	86765K109
DAR	DARLING INGREDIENTS INC	35,792	$2,877	0.9%	$60.10	+15.9%	COM	237266101
FCX	FREEPORT-MCMORAN INC	45,411	$2,259	0.7%	$14.70	+184.7%	CL B	35671D857
BHP	BHP GROUP LTD	25,407	$1,963	0.6%	$54.82	—	SPONSORED ADS	088606108
COP	CONOCOPHILLIPS	16,701	$1,670	0.5%	$44.96	+77.2%	COM	20825C104
—	WESTROCK CO	28,191	$1,326	0.4%	$43.72	—	COM	96145D105
NEM	NEWMONT CORP	16,677	$1,325	0.4%	$51.75	+16.0%	COM	651639106
—	TOTALENERGIES SE	25,468	$1,287	0.4%	$42.53	—	SPONSORED ADS	89151E109
RIO	RIO TINTO PLC	14,416	$1,159	0.4%	$59.88	—	SPONSORED ADR	767204100
NUE	NUCOR CORP	7,272	$1,081	0.3%	$52.80	+118.8%	COM	670346105
FMC	FMC CORP	7,497	$986	0.3%	$94.97	+7.9%	COM NEW	302491303
WLK	WESTLAKE CORPORATION	7,925	$978	0.3%	$63.56	+60.7%	COM	960413102
CTVA	CORTEVA INC	15,781	$907	0.3%	$34.60	+41.6%	COM	22052L104
PKX	POSCO HOLDINGS INC	15,196	$901	0.3%	$55.26	—	SPONSORED ADR	693483109
WY	WEYERHAEUSER CO MTN BE	22,308	$845	0.3%	$24.36	+40.1%	COM NEW	962166104
XOM	EXXON MOBIL CORP	9,453	$781	0.2%	$52.07	+30.4%	COM	30231G102
VALE	VALE S A	36,517	$730	0.2%	$13.33	—	SPONSORED ADS	91912E105
IP	INTERNATIONAL PAPER CO	14,931	$689	0.2%	$31.38	+23.2%	COM	460146103
ADM	ARCHER DANIELS MIDLAND CO	6,533	$590	0.2%	$37.36	+86.4%	COM	039483102