Recurrent Investment Advisors LLC Long-Term Concentrated

CIK: 0001803146 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Nov 14, 2022

Total Value ($000): $370,564 (100.0% shares, 0.0% debt)

Holdings (42)

CVE CENOVUS ENERGY INC 8.3%

Value ($000) $30,745 Shares 1,922,771 Est. Cost $7.67 Unrealized +112.1%

ET ENERGY TRANSFER L P 7.5%

Value ($000) $27,957 Shares 2,534,666 Est. Cost $9.25 Unrealized —

MPC MARATHON PETE CORP 5.9%

Value ($000) $22,035 Shares 221,841 Est. Cost $44.06 Unrealized +97.2%

— VIPER ENERGY PARTNERS LP 5.9%

Value ($000) $21,910 Shares 764,482 Est. Cost $16.22 Unrealized —

PBA PEMBINA PIPELINE CORP 5.9%

Value ($000) $21,754 Shares 716,309 Est. Cost $25.34 Unrealized +19.7%

PAGP PLAINS GP HLDGS L P 5.4%

Value ($000) $20,047 Shares 1,839,071 Est. Cost $10.95 Unrealized —

LNG CHENIERE ENERGY INC 5.4%

Value ($000) $20,020 Shares 120,667 Est. Cost $100.33 Unrealized +51.2%

WES WESTERN MIDSTREAM PARTNERS L 5.3%

Value ($000) $19,818 Shares 787,696 Est. Cost $19.61 Unrealized —

PSX PHILLIPS 66 5.2%

Value ($000) $19,147 Shares 237,208 Est. Cost $68.25 Unrealized +10.5%

VLO VALERO ENERGY CORP 5.2%

Value ($000) $19,093 Shares 178,690 Est. Cost $59.99 Unrealized +65.6%

TRGP TARGA RES CORP 5.1%

Value ($000) $18,889 Shares 313,051 Est. Cost $37.40 Unrealized +63.0%

EPD ENTERPRISE PRODS PARTNERS L 4.7%

Value ($000) $17,406 Shares 731,943 Est. Cost $22.37 Unrealized —

SU SUNCOR ENERGY INC NEW 4.6%

Value ($000) $17,124 Shares 608,330 Est. Cost $19.39 Unrealized +42.7%

KMI KINDER MORGAN INC DEL 4.0%

Value ($000) $14,829 Shares 891,138 Est. Cost $13.16 Unrealized +12.3%

WMB WILLIAMS COS INC 3.7%

Value ($000) $13,681 Shares 477,848 Est. Cost $19.23 Unrealized +45.0%

ARLP ALLIANCE RESOURCE PARTNERS L 3.3%

Value ($000) $12,047 Shares 526,084 Est. Cost $13.81 Unrealized —

— MAGELLAN MIDSTREAM PRTNRS LP 2.2%

Value ($000) $8,251 Shares 173,663 Est. Cost $43.95 Unrealized —

ENB ENBRIDGE INC 1.8%

Value ($000) $6,813 Shares 183,644 Est. Cost $25.95 Unrealized +30.3%

— EQUITRANS MIDSTREAM CORP 1.5%

Value ($000) $5,391 Shares 720,697 Est. Cost $8.73 Unrealized —

TRP TC ENERGY CORP 1.0%

Value ($000) $3,766 Shares 93,476 Est. Cost $36.77 Unrealized +12.8%

SUN SUNOCO LP/SUNOCO FIN CORP 1.0%

Value ($000) $3,603 Shares 92,455 Est. Cost $29.44 Unrealized —

DAR DARLING INGREDIENTS INC 0.9%

Value ($000) $3,198 Shares 48,350 Est. Cost $63.37 Unrealized +10.0%

COP CONOCOPHILLIPS 0.6%

Value ($000) $2,069 Shares 20,218 Est. Cost $52.48 Unrealized +68.0%

FCX FREEPORT-MCMORAN INC 0.5%

Value ($000) $2,000 Shares 73,178 Est. Cost $21.76 Unrealized +28.2%

AA ALCOA CORP 0.5%

Value ($000) $1,964 Shares 58,348 Est. Cost $27.57 Unrealized +62.7%

— TOTALENERGIES SE 0.5%

Value ($000) $1,718 Shares 36,933 Est. Cost $44.60 Unrealized —

FMC FMC CORP 0.4%

Value ($000) $1,605 Shares 15,186 Est. Cost $96.91 Unrealized -2.1%

BHP BHP GROUP LTD 0.4%

Value ($000) $1,538 Shares 30,744 Est. Cost $53.98 Unrealized —

NUE NUCOR CORP 0.4%

Value ($000) $1,455 Shares 13,602 Est. Cost $86.23 Unrealized +38.1%

CTVA CORTEVA INC 0.4%

Value ($000) $1,442 Shares 25,228 Est. Cost $42.61 Unrealized +31.8%

— WESTROCK CO 0.3%

Value ($000) $1,055 Shares 34,169 Est. Cost $41.47 Unrealized —

XOM EXXON MOBIL CORP 0.3%

Value ($000) $999 Shares 11,446 Est. Cost $57.17 Unrealized +42.3%

RIO RIO TINTO PLC 0.3%

Value ($000) $961 Shares 17,452 Est. Cost $59.04 Unrealized —

PKX POSCO HOLDINGS INC 0.2%

Value ($000) $896 Shares 24,471 Est. Cost $49.81 Unrealized —

NEM NEWMONT CORP 0.2%

Value ($000) $849 Shares 20,191 Est. Cost $50.08 Unrealized -15.8%

WLK WESTLAKE CORPORATION 0.2%

Value ($000) $837 Shares 9,631 Est. Cost $68.30 Unrealized +32.2%

WY WEYERHAEUSER CO MTN BE 0.2%

Value ($000) $772 Shares 27,048 Est. Cost $25.37 Unrealized +18.7%

ADM ARCHER DANIELS MIDLAND CO 0.2%

Value ($000) $641 Shares 7,965 Est. Cost $43.99 Unrealized +68.8%

VALE VALE S A 0.2%

Value ($000) $590 Shares 44,279 Est. Cost $13.33 Unrealized —

IP INTERNATIONAL PAPER CO 0.2%

Value ($000) $575 Shares 18,133 Est. Cost $32.03 Unrealized +9.4%

DOW DOW INC 0.1%

Value ($000) $550 Shares 12,525 Est. Cost $41.46 Unrealized 0.0%

MOS MOSAIC CO NEW 0.1%

Value ($000) $524 Shares 10,846 Est. Cost $54.31 Unrealized -13.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVE	CENOVUS ENERGY INC	1,922,771	$30,745	8.3%	$7.67	+112.1%	COM	15135U109
ET	ENERGY TRANSFER L P	2,534,666	$27,957	7.5%	$9.25	—	COM UT LTD PTN	29273V100
MPC	MARATHON PETE CORP	221,841	$22,035	5.9%	$44.06	+97.2%	COM	56585A102
—	VIPER ENERGY PARTNERS LP	764,482	$21,910	5.9%	$16.22	—	COM UNT RP INT	92763M105
PBA	PEMBINA PIPELINE CORP	716,309	$21,754	5.9%	$25.34	+19.7%	COM	706327103
PAGP	PLAINS GP HLDGS L P	1,839,071	$20,047	5.4%	$10.95	—	LTD PARTNR INT A	72651A207
LNG	CHENIERE ENERGY INC	120,667	$20,020	5.4%	$100.33	+51.2%	COM NEW	16411R208
WES	WESTERN MIDSTREAM PARTNERS L	787,696	$19,818	5.3%	$19.61	—	COM UNIT LP INT	958669103
PSX	PHILLIPS 66	237,208	$19,147	5.2%	$68.25	+10.5%	COM	718546104
VLO	VALERO ENERGY CORP	178,690	$19,093	5.2%	$59.99	+65.6%	COM	91913Y100
TRGP	TARGA RES CORP	313,051	$18,889	5.1%	$37.40	+63.0%	COM	87612G101
EPD	ENTERPRISE PRODS PARTNERS L	731,943	$17,406	4.7%	$22.37	—	COM	293792107
SU	SUNCOR ENERGY INC NEW	608,330	$17,124	4.6%	$19.39	+42.7%	COM	867224107
KMI	KINDER MORGAN INC DEL	891,138	$14,829	4.0%	$13.16	+12.3%	COM	49456B101
WMB	WILLIAMS COS INC	477,848	$13,681	3.7%	$19.23	+45.0%	COM	969457100
ARLP	ALLIANCE RESOURCE PARTNERS L	526,084	$12,047	3.3%	$13.81	—	UT LTD PART	01877R108
—	MAGELLAN MIDSTREAM PRTNRS LP	173,663	$8,251	2.2%	$43.95	—	COM UNIT RP LP	559080106
ENB	ENBRIDGE INC	183,644	$6,813	1.8%	$25.95	+30.3%	COM	29250N105
—	EQUITRANS MIDSTREAM CORP	720,697	$5,391	1.5%	$8.73	—	COM	294600101
TRP	TC ENERGY CORP	93,476	$3,766	1.0%	$36.77	+12.8%	COM	87807B107
SUN	SUNOCO LP/SUNOCO FIN CORP	92,455	$3,603	1.0%	$29.44	—	COM UT REP LP	86765K109
DAR	DARLING INGREDIENTS INC	48,350	$3,198	0.9%	$63.37	+10.0%	COM	237266101
COP	CONOCOPHILLIPS	20,218	$2,069	0.6%	$52.48	+68.0%	COM	20825C104
FCX	FREEPORT-MCMORAN INC	73,178	$2,000	0.5%	$21.76	+28.2%	CL B	35671D857
AA	ALCOA CORP	58,348	$1,964	0.5%	$27.57	+62.7%	COM	013872106
—	TOTALENERGIES SE	36,933	$1,718	0.5%	$44.60	—	SPONSORED ADS	89151E109
FMC	FMC CORP	15,186	$1,605	0.4%	$96.91	-2.1%	COM NEW	302491303
BHP	BHP GROUP LTD	30,744	$1,538	0.4%	$53.98	—	SPONSORED ADS	088606108
NUE	NUCOR CORP	13,602	$1,455	0.4%	$86.23	+38.1%	COM	670346105
CTVA	CORTEVA INC	25,228	$1,442	0.4%	$42.61	+31.8%	COM	22052L104
—	WESTROCK CO	34,169	$1,055	0.3%	$41.47	—	COM	96145D105
XOM	EXXON MOBIL CORP	11,446	$999	0.3%	$57.17	+42.3%	COM	30231G102
RIO	RIO TINTO PLC	17,452	$961	0.3%	$59.04	—	SPONSORED ADR	767204100
PKX	POSCO HOLDINGS INC	24,471	$896	0.2%	$49.81	—	SPONSORED ADR	693483109
NEM	NEWMONT CORP	20,191	$849	0.2%	$50.08	-15.8%	COM	651639106
WLK	WESTLAKE CORPORATION	9,631	$837	0.2%	$68.30	+32.2%	COM	960413102
WY	WEYERHAEUSER CO MTN BE	27,048	$772	0.2%	$25.37	+18.7%	COM NEW	962166104
ADM	ARCHER DANIELS MIDLAND CO	7,965	$641	0.2%	$43.99	+68.8%	COM	039483102
VALE	VALE S A	44,279	$590	0.2%	$13.33	—	SPONSORED ADS	91912E105
IP	INTERNATIONAL PAPER CO	18,133	$575	0.2%	$32.03	+9.4%	COM	460146103
DOW	DOW INC	12,525	$550	0.1%	$41.46	0.0%	COM	260557103
MOS	MOSAIC CO NEW	10,846	$524	0.1%	$54.31	-13.1%	COM	61945C103