Recurrent Investment Advisors LLC Long-Term Concentrated

CIK: 0001803146 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 15, 2023

Total Value ($000): $505,670 (100.0% shares, 0.0% debt)

Holdings (43)

ET ENERGY TRANSFER L P 7.6%

Value ($000) $38,427 Shares 3,081,560 Est. Cost $9.74 Unrealized —

CVE CENOVUS ENERGY INC 7.2%

Value ($000) $36,180 Shares 2,072,189 Est. Cost $8.77 Unrealized +94.1%

PAGP PLAINS GP HLDGS L P 6.4%

Value ($000) $32,447 Shares 2,471,317 Est. Cost $11.38 Unrealized —

PBA PEMBINA PIPELINE CORP 6.2%

Value ($000) $31,289 Shares 965,696 Est. Cost $26.32 Unrealized +11.8%

MPC MARATHON PETE CORP 6.1%

Value ($000) $31,037 Shares 230,191 Est. Cost $46.09 Unrealized +155.1%

VLO VALERO ENERGY CORP 5.4%

Value ($000) $27,228 Shares 195,040 Est. Cost $64.86 Unrealized +89.6%

LNG CHENIERE ENERGY INC 5.3%

Value ($000) $26,738 Shares 169,655 Est. Cost $116.77 Unrealized +29.3%

PSX PHILLIPS 66 5.3%

Value ($000) $26,558 Shares 261,969 Est. Cost $70.44 Unrealized +30.1%

WES WESTERN MIDSTREAM PARTNERS L 5.3%

Value ($000) $26,550 Shares 1,006,830 Est. Cost $21.13 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 5.1%

Value ($000) $25,709 Shares 992,621 Est. Cost $22.82 Unrealized —

TRGP TARGA RES CORP 5.0%

Value ($000) $25,168 Shares 345,008 Est. Cost $41.35 Unrealized +67.2%

SU SUNCOR ENERGY INC NEW 4.9%

Value ($000) $24,978 Shares 804,449 Est. Cost $21.76 Unrealized +34.0%

— VIPER ENERGY PARTNERS LP 4.5%

Value ($000) $22,594 Shares 806,932 Est. Cost $16.97 Unrealized —

KMI KINDER MORGAN INC DEL 4.2%

Value ($000) $21,246 Shares 1,213,375 Est. Cost $13.70 Unrealized +11.2%

WMB WILLIAMS COS INC 4.0%

Value ($000) $20,447 Shares 684,773 Est. Cost $21.82 Unrealized +24.4%

— MAGELLAN MIDSTREAM PRTNRS LP 2.6%

Value ($000) $13,154 Shares 242,431 Est. Cost $46.29 Unrealized —

ARLP ALLIANCE RESOURCE PARTNERS L 2.6%

Value ($000) $13,126 Shares 650,784 Est. Cost $15.04 Unrealized —

ENB ENBRIDGE INC 2.3%

Value ($000) $11,646 Shares 305,271 Est. Cost $28.36 Unrealized +14.4%

SUN SUNOCO LP/SUNOCO FIN CORP 1.4%

Value ($000) $6,894 Shares 157,066 Est. Cost $35.09 Unrealized —

— EQUITRANS MIDSTREAM CORP 1.3%

Value ($000) $6,512 Shares 1,126,685 Est. Cost $7.80 Unrealized —

TRP TC ENERGY CORP 1.2%

Value ($000) $6,128 Shares 157,479 Est. Cost $36.30 Unrealized -3.4%

FCX FREEPORT-MCMORAN INC 0.6%

Value ($000) $2,994 Shares 73,178 Est. Cost $21.76 Unrealized +83.7%

AA ALCOA CORP 0.5%

Value ($000) $2,675 Shares 62,848 Est. Cost $28.93 Unrealized +60.8%

— TOTALENERGIES SE 0.4%

Value ($000) $2,181 Shares 36,933 Est. Cost $44.60 Unrealized —

NUE NUCOR CORP 0.4%

Value ($000) $2,101 Shares 13,602 Est. Cost $86.23 Unrealized +76.6%

COP CONOCOPHILLIPS 0.4%

Value ($000) $2,006 Shares 20,218 Est. Cost $52.48 Unrealized +89.6%

BHP BHP GROUP LTD 0.4%

Value ($000) $1,949 Shares 30,744 Est. Cost $53.98 Unrealized —

FMC FMC CORP 0.4%

Value ($000) $1,854 Shares 15,180 Est. Cost $96.91 Unrealized +15.3%

PKX POSCO HOLDINGS INC 0.3%

Value ($000) $1,705 Shares 24,462 Est. Cost $49.81 Unrealized —

NEM NEWMONT CORP 0.3%

Value ($000) $1,531 Shares 31,236 Est. Cost $46.81 Unrealized -4.3%

CTVA CORTEVA INC 0.3%

Value ($000) $1,522 Shares 25,228 Est. Cost $42.61 Unrealized +38.7%

WLK WESTLAKE CORPORATION 0.3%

Value ($000) $1,477 Shares 12,731 Est. Cost $78.30 Unrealized +39.7%

DOW DOW INC 0.3%

Value ($000) $1,405 Shares 25,625 Est. Cost $42.73 Unrealized +10.7%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $1,255 Shares 11,446 Est. Cost $57.17 Unrealized +75.2%

RIO RIO TINTO PLC 0.2%

Value ($000) $1,197 Shares 17,452 Est. Cost $59.04 Unrealized —

— WESTROCK CO 0.2%

Value ($000) $1,041 Shares 34,169 Est. Cost $41.47 Unrealized —

HAL HALLIBURTON CO 0.2%

Value ($000) $892 Shares 28,199 Est. Cost $32.98 Unrealized +5.0%

WY WEYERHAEUSER CO MTN BE 0.2%

Value ($000) $815 Shares 27,048 Est. Cost $25.37 Unrealized +12.7%

VALE VALE S A 0.1%

Value ($000) $699 Shares 44,279 Est. Cost $13.33 Unrealized —

IP INTERNATIONAL PAPER CO 0.1%

Value ($000) $654 Shares 18,133 Est. Cost $32.03 Unrealized +1.5%

ADM ARCHER DANIELS MIDLAND CO 0.1%

Value ($000) $634 Shares 7,965 Est. Cost $43.99 Unrealized +69.1%

DAR DARLING INGREDIENTS INC 0.1%

Value ($000) $529 Shares 9,059 Est. Cost $63.37 Unrealized -0.8%

MOS MOSAIC CO NEW 0.1%

Value ($000) $498 Shares 10,846 Est. Cost $54.31 Unrealized -18.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ET	ENERGY TRANSFER L P	3,081,560	$38,427	7.6%	$9.74	—	COM UT LTD PTN	29273V100
CVE	CENOVUS ENERGY INC	2,072,189	$36,180	7.2%	$8.77	+94.1%	COM	15135U109
PAGP	PLAINS GP HLDGS L P	2,471,317	$32,447	6.4%	$11.38	—	LTD PARTNR INT A	72651A207
PBA	PEMBINA PIPELINE CORP	965,696	$31,289	6.2%	$26.32	+11.8%	COM	706327103
MPC	MARATHON PETE CORP	230,191	$31,037	6.1%	$46.09	+155.1%	COM	56585A102
VLO	VALERO ENERGY CORP	195,040	$27,228	5.4%	$64.86	+89.6%	COM	91913Y100
LNG	CHENIERE ENERGY INC	169,655	$26,738	5.3%	$116.77	+29.3%	COM NEW	16411R208
PSX	PHILLIPS 66	261,969	$26,558	5.3%	$70.44	+30.1%	COM	718546104
WES	WESTERN MIDSTREAM PARTNERS L	1,006,830	$26,550	5.3%	$21.13	—	COM UNIT LP INT	958669103
EPD	ENTERPRISE PRODS PARTNERS L	992,621	$25,709	5.1%	$22.82	—	COM	293792107
TRGP	TARGA RES CORP	345,008	$25,168	5.0%	$41.35	+67.2%	COM	87612G101
SU	SUNCOR ENERGY INC NEW	804,449	$24,978	4.9%	$21.76	+34.0%	COM	867224107
—	VIPER ENERGY PARTNERS LP	806,932	$22,594	4.5%	$16.97	—	COM UNT RP INT	92763M105
KMI	KINDER MORGAN INC DEL	1,213,375	$21,246	4.2%	$13.70	+11.2%	COM	49456B101
WMB	WILLIAMS COS INC	684,773	$20,447	4.0%	$21.82	+24.4%	COM	969457100
—	MAGELLAN MIDSTREAM PRTNRS LP	242,431	$13,154	2.6%	$46.29	—	COM UNIT RP LP	559080106
ARLP	ALLIANCE RESOURCE PARTNERS L	650,784	$13,126	2.6%	$15.04	—	UT LTD PART	01877R108
ENB	ENBRIDGE INC	305,271	$11,646	2.3%	$28.36	+14.4%	COM	29250N105
SUN	SUNOCO LP/SUNOCO FIN CORP	157,066	$6,894	1.4%	$35.09	—	COM UT REP LP	86765K109
—	EQUITRANS MIDSTREAM CORP	1,126,685	$6,512	1.3%	$7.80	—	COM	294600101
TRP	TC ENERGY CORP	157,479	$6,128	1.2%	$36.30	-3.4%	COM	87807B107
FCX	FREEPORT-MCMORAN INC	73,178	$2,994	0.6%	$21.76	+83.7%	CL B	35671D857
AA	ALCOA CORP	62,848	$2,675	0.5%	$28.93	+60.8%	COM	013872106
—	TOTALENERGIES SE	36,933	$2,181	0.4%	$44.60	—	SPONSORED ADS	89151E109
NUE	NUCOR CORP	13,602	$2,101	0.4%	$86.23	+76.6%	COM	670346105
COP	CONOCOPHILLIPS	20,218	$2,006	0.4%	$52.48	+89.6%	COM	20825C104
BHP	BHP GROUP LTD	30,744	$1,949	0.4%	$53.98	—	SPONSORED ADS	088606108
FMC	FMC CORP	15,180	$1,854	0.4%	$96.91	+15.3%	COM NEW	302491303
PKX	POSCO HOLDINGS INC	24,462	$1,705	0.3%	$49.81	—	SPONSORED ADR	693483109
NEM	NEWMONT CORP	31,236	$1,531	0.3%	$46.81	-4.3%	COM	651639106
CTVA	CORTEVA INC	25,228	$1,522	0.3%	$42.61	+38.7%	COM	22052L104
WLK	WESTLAKE CORPORATION	12,731	$1,477	0.3%	$78.30	+39.7%	COM	960413102
DOW	DOW INC	25,625	$1,405	0.3%	$42.73	+10.7%	COM	260557103
XOM	EXXON MOBIL CORP	11,446	$1,255	0.2%	$57.17	+75.2%	COM	30231G102
RIO	RIO TINTO PLC	17,452	$1,197	0.2%	$59.04	—	SPONSORED ADR	767204100
—	WESTROCK CO	34,169	$1,041	0.2%	$41.47	—	COM	96145D105
HAL	HALLIBURTON CO	28,199	$892	0.2%	$32.98	+5.0%	COM	406216101
WY	WEYERHAEUSER CO MTN BE	27,048	$815	0.2%	$25.37	+12.7%	COM NEW	962166104
VALE	VALE S A	44,279	$699	0.1%	$13.33	—	SPONSORED ADS	91912E105
IP	INTERNATIONAL PAPER CO	18,133	$654	0.1%	$32.03	+1.5%	COM	460146103
ADM	ARCHER DANIELS MIDLAND CO	7,965	$634	0.1%	$43.99	+69.1%	COM	039483102
DAR	DARLING INGREDIENTS INC	9,059	$529	0.1%	$63.37	-0.8%	COM	237266101
MOS	MOSAIC CO NEW	10,846	$498	0.1%	$54.31	-18.0%	COM	61945C103