Recurrent Investment Advisors LLC Long-Term Concentrated

CIK: 0001803146 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

Total Value ($000): $681,674 (100.0% shares, 0.0% debt)

Holdings (44)

ET ENERGY TRANSFER L P 7.4%

Value ($000) $50,616 Shares 3,667,810 Est. Cost $10.33 Unrealized —

— EQUITRANS MIDSTREAM CORP 6.9%

Value ($000) $47,367 Shares 4,652,993 Est. Cost $9.18 Unrealized —

PBA PEMBINA PIPELINE CORP 6.8%

Value ($000) $46,295 Shares 1,345,011 Est. Cost $26.90 Unrealized +8.8%

PAGP PLAINS GP HLDGS L P 6.5%

Value ($000) $44,233 Shares 2,773,252 Est. Cost $11.81 Unrealized —

CVE CENOVUS ENERGY INC 6.1%

Value ($000) $41,596 Shares 2,498,235 Est. Cost $10.09 Unrealized +70.9%

WES WESTERN MIDSTREAM PARTNERS L 6.0%

Value ($000) $41,036 Shares 1,402,477 Est. Cost $23.16 Unrealized —

PSX PHILLIPS 66 6.0%

Value ($000) $40,867 Shares 306,944 Est. Cost $73.92 Unrealized +50.2%

LNG CHENIERE ENERGY INC 5.3%

Value ($000) $35,805 Shares 209,743 Est. Cost $123.71 Unrealized +38.9%

SU SUNCOR ENERGY INC NEW 5.2%

Value ($000) $35,124 Shares 1,096,261 Est. Cost $23.47 Unrealized +29.3%

KMI KINDER MORGAN INC DEL 4.8%

Value ($000) $32,678 Shares 1,852,516 Est. Cost $14.21 Unrealized +7.9%

EPD ENTERPRISE PRODS PARTNERS L 4.5%

Value ($000) $30,926 Shares 1,173,659 Est. Cost $23.45 Unrealized —

TRGP TARGA RES CORP 4.4%

Value ($000) $30,298 Shares 348,771 Est. Cost $41.82 Unrealized +96.2%

WMB WILLIAMS COS INC 4.3%

Value ($000) $29,488 Shares 846,620 Est. Cost $23.15 Unrealized +38.9%

— VIPER ENERGY INC 4.0%

Value ($000) $27,131 Shares 864,593 Est. Cost $31.38 Unrealized —

MPC MARATHON PETE CORP 3.8%

Value ($000) $25,920 Shares 174,710 Est. Cost $52.87 Unrealized +168.5%

OKE ONEOK INC NEW 3.3%

Value ($000) $22,714 Shares 323,464 Est. Cost $58.97 Unrealized +2.4%

VLO VALERO ENERGY CORP 3.3%

Value ($000) $22,322 Shares 171,705 Est. Cost $72.05 Unrealized +65.6%

ARLP ALLIANCE RESOURCE PARTNERS L 2.3%

Value ($000) $15,594 Shares 736,257 Est. Cost $15.63 Unrealized —

ENB ENBRIDGE INC 2.0%

Value ($000) $13,974 Shares 387,910 Est. Cost $28.88 Unrealized +1.8%

SUN SUNOCO LP/SUNOCO FIN CORP 1.6%

Value ($000) $11,053 Shares 184,436 Est. Cost $36.93 Unrealized —

TRP TC ENERGY CORP 1.0%

Value ($000) $7,155 Shares 183,022 Est. Cost $36.22 Unrealized -8.9%

AA ALCOA CORP 0.4%

Value ($000) $2,925 Shares 86,019 Est. Cost $29.77 Unrealized -11.4%

FCX FREEPORT-MCMORAN INC 0.4%

Value ($000) $2,811 Shares 66,028 Est. Cost $21.76 Unrealized +65.0%

NUE NUCOR CORP 0.3%

Value ($000) $2,364 Shares 13,584 Est. Cost $91.52 Unrealized +67.5%

BHP BHP GROUP LTD 0.3%

Value ($000) $2,090 Shares 30,599 Est. Cost $54.53 Unrealized —

COP CONOCOPHILLIPS 0.3%

Value ($000) $1,957 Shares 16,862 Est. Cost $56.43 Unrealized +94.4%

— TOTALENERGIES SE 0.3%

Value ($000) $1,821 Shares 27,021 Est. Cost $44.60 Unrealized —

WLK WESTLAKE CORPORATION 0.2%

Value ($000) $1,422 Shares 10,161 Est. Cost $81.16 Unrealized +49.8%

— WESTROCK CO 0.2%

Value ($000) $1,412 Shares 34,003 Est. Cost $40.29 Unrealized —

DOW DOW INC 0.2%

Value ($000) $1,400 Shares 25,533 Est. Cost $42.97 Unrealized +4.0%

RIO RIO TINTO PLC 0.2%

Value ($000) $1,290 Shares 17,328 Est. Cost $59.49 Unrealized —

NEM NEWMONT CORP 0.2%

Value ($000) $1,288 Shares 31,114 Est. Cost $46.38 Unrealized -20.6%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $1,082 Shares 10,818 Est. Cost $59.09 Unrealized +65.1%

HAL HALLIBURTON CO 0.1%

Value ($000) $1,020 Shares 28,223 Est. Cost $32.66 Unrealized +11.6%

FMC FMC CORP 0.1%

Value ($000) $951 Shares 15,085 Est. Cost $97.22 Unrealized -46.0%

PKX POSCO HOLDINGS INC 0.1%

Value ($000) $940 Shares 9,879 Est. Cost $52.07 Unrealized —

WY WEYERHAEUSER CO MTN BE 0.1%

Value ($000) $934 Shares 26,872 Est. Cost $25.60 Unrealized +13.8%

DAR DARLING INGREDIENTS INC 0.1%

Value ($000) $735 Shares 14,757 Est. Cost $62.38 Unrealized -27.2%

VALE VALE S A 0.1%

Value ($000) $698 Shares 44,000 Est. Cost $13.34 Unrealized —

IP INTERNATIONAL PAPER CO 0.1%

Value ($000) $653 Shares 18,076 Est. Cost $31.74 Unrealized +0.7%

ADM ARCHER DANIELS MIDLAND CO 0.1%

Value ($000) $570 Shares 7,894 Est. Cost $46.31 Unrealized +46.4%

MUSA MURPHY USA INC 0.1%

Value ($000) $410 Shares 1,150 Est. Cost $276.59 Unrealized +29.7%

MOS MOSAIC CO NEW 0.1%

Value ($000) $387 Shares 10,832 Est. Cost $52.50 Unrealized -36.9%

AMR ALPHA METALLURGICAL RESOUR I 0.0%

Value ($000) $322 Shares 950 Est. Cost $194.65 Unrealized +35.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ET	ENERGY TRANSFER L P	3,667,810	$50,616	7.4%	$10.33	—	COM UT LTD PTN	29273V100
—	EQUITRANS MIDSTREAM CORP	4,652,993	$47,367	6.9%	$9.18	—	COM	294600101
PBA	PEMBINA PIPELINE CORP	1,345,011	$46,295	6.8%	$26.90	+8.8%	COM	706327103
PAGP	PLAINS GP HLDGS L P	2,773,252	$44,233	6.5%	$11.81	—	LTD PARTNR INT A	72651A207
CVE	CENOVUS ENERGY INC	2,498,235	$41,596	6.1%	$10.09	+70.9%	COM	15135U109
WES	WESTERN MIDSTREAM PARTNERS L	1,402,477	$41,036	6.0%	$23.16	—	COM UNIT LP INT	958669103
PSX	PHILLIPS 66	306,944	$40,867	6.0%	$73.92	+50.2%	COM	718546104
LNG	CHENIERE ENERGY INC	209,743	$35,805	5.3%	$123.71	+38.9%	COM NEW	16411R208
SU	SUNCOR ENERGY INC NEW	1,096,261	$35,124	5.2%	$23.47	+29.3%	COM	867224107
KMI	KINDER MORGAN INC DEL	1,852,516	$32,678	4.8%	$14.21	+7.9%	COM	49456B101
EPD	ENTERPRISE PRODS PARTNERS L	1,173,659	$30,926	4.5%	$23.45	—	COM	293792107
TRGP	TARGA RES CORP	348,771	$30,298	4.4%	$41.82	+96.2%	COM	87612G101
WMB	WILLIAMS COS INC	846,620	$29,488	4.3%	$23.15	+38.9%	COM	969457100
—	VIPER ENERGY INC	864,593	$27,131	4.0%	$31.38	—	CL A	927959106
MPC	MARATHON PETE CORP	174,710	$25,920	3.8%	$52.87	+168.5%	COM	56585A102
OKE	ONEOK INC NEW	323,464	$22,714	3.3%	$58.97	+2.4%	COM	682680103
VLO	VALERO ENERGY CORP	171,705	$22,322	3.3%	$72.05	+65.6%	COM	91913Y100
ARLP	ALLIANCE RESOURCE PARTNERS L	736,257	$15,594	2.3%	$15.63	—	UT LTD PART	01877R108
ENB	ENBRIDGE INC	387,910	$13,974	2.0%	$28.88	+1.8%	COM	29250N105
SUN	SUNOCO LP/SUNOCO FIN CORP	184,436	$11,053	1.6%	$36.93	—	COM UT REP LP	86765K109
TRP	TC ENERGY CORP	183,022	$7,155	1.0%	$36.22	-8.9%	COM	87807B107
AA	ALCOA CORP	86,019	$2,925	0.4%	$29.77	-11.4%	COM	013872106
FCX	FREEPORT-MCMORAN INC	66,028	$2,811	0.4%	$21.76	+65.0%	CL B	35671D857
NUE	NUCOR CORP	13,584	$2,364	0.3%	$91.52	+67.5%	COM	670346105
BHP	BHP GROUP LTD	30,599	$2,090	0.3%	$54.53	—	SPONSORED ADS	088606108
COP	CONOCOPHILLIPS	16,862	$1,957	0.3%	$56.43	+94.4%	COM	20825C104
—	TOTALENERGIES SE	27,021	$1,821	0.3%	$44.60	—	SPONSORED ADS	89151E109
WLK	WESTLAKE CORPORATION	10,161	$1,422	0.2%	$81.16	+49.8%	COM	960413102
—	WESTROCK CO	34,003	$1,412	0.2%	$40.29	—	COM	96145D105
DOW	DOW INC	25,533	$1,400	0.2%	$42.97	+4.0%	COM	260557103
RIO	RIO TINTO PLC	17,328	$1,290	0.2%	$59.49	—	SPONSORED ADR	767204100
NEM	NEWMONT CORP	31,114	$1,288	0.2%	$46.38	-20.6%	COM	651639106
XOM	EXXON MOBIL CORP	10,818	$1,082	0.2%	$59.09	+65.1%	COM	30231G102
HAL	HALLIBURTON CO	28,223	$1,020	0.1%	$32.66	+11.6%	COM	406216101
FMC	FMC CORP	15,085	$951	0.1%	$97.22	-46.0%	COM NEW	302491303
PKX	POSCO HOLDINGS INC	9,879	$940	0.1%	$52.07	—	SPONSORED ADR	693483109
WY	WEYERHAEUSER CO MTN BE	26,872	$934	0.1%	$25.60	+13.8%	COM NEW	962166104
DAR	DARLING INGREDIENTS INC	14,757	$735	0.1%	$62.38	-27.2%	COM	237266101
VALE	VALE S A	44,000	$698	0.1%	$13.34	—	SPONSORED ADS	91912E105
IP	INTERNATIONAL PAPER CO	18,076	$653	0.1%	$31.74	+0.7%	COM	460146103
ADM	ARCHER DANIELS MIDLAND CO	7,894	$570	0.1%	$46.31	+46.4%	COM	039483102
MUSA	MURPHY USA INC	1,150	$410	0.1%	$276.59	+29.7%	COM	626755102
MOS	MOSAIC CO NEW	10,832	$387	0.1%	$52.50	-36.9%	COM	61945C103
AMR	ALPHA METALLURGICAL RESOUR I	950	$322	0.0%	$194.65	+35.1%	COM	020764106