SL ADVISORS, LLC Long-Term Concentrated

CIK: 0001680365 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Oct 20, 2025

Total Value ($000): $50,817 (100.0% shares, 0.0% debt)

Holdings (31)

ET ENERGY TRANSFER LP 14.6%

Value ($000) $7,406 Shares 431,577 Est. Cost $11.65 Unrealized —

NEXT NEXTDECADE 12.4%

Value ($000) $6,297 Shares 927,384 Est. Cost $5.27 Unrealized +83.6%

WMB WILLIAMS COMPANIES 8.7%

Value ($000) $4,411 Shares 69,634 Est. Cost $18.91 Unrealized +205.8%

LNG CHENIERE ENERGY INC 8.5%

Value ($000) $4,332 Shares 18,435 Est. Cost $73.91 Unrealized +218.0%

USAI PACER AMERN ENERGY INDEPENDENCE ETF 6.5%

Value ($000) $3,326 Shares 83,465 Est. Cost $27.49 Unrealized —

TRGP TARGA RESOURCES CORP 6.1%

Value ($000) $3,091 Shares 18,452 Est. Cost $37.65 Unrealized +338.7%

OKE ONEOK INC 6.0%

Value ($000) $3,025 Shares 41,462 Est. Cost $51.97 Unrealized +44.4%

EPD ENTERPRISE PRODS PART LP 4.6%

Value ($000) $2,313 Shares 73,971 Est. Cost $27.02 Unrealized —

BRK/B BERKSHIRE HATHAWAY CLASS B 3.1%

Value ($000) $1,573 Shares 3,129 Est. Cost $165.93 Unrealized +191.9%

ENB ENBRIDGE INC F 2.9%

Value ($000) $1,481 Shares 29,341 Est. Cost $24.97 Unrealized +84.7%

SPY SPDR S&P 500 ETF 2.8%

Value ($000) $1,430 Shares 2,147 Est. Cost $399.90 Unrealized —

TRP TC ENERGY CORP F 2.7%

Value ($000) $1,396 Shares 25,651 Est. Cost $33.29 Unrealized +50.8%

KMI KINDER MORGAN INC 2.0%

Value ($000) $1,038 Shares 36,648 Est. Cost $12.50 Unrealized +115.8%

WES WESTERN MIDSTREAM PAR LP 1.9%

Value ($000) $965 Shares 24,554 Est. Cost $32.81 Unrealized —

KNTK KINETIK HOLDINGS 1.9%

Value ($000) $953 Shares 22,306 Est. Cost $35.13 Unrealized +20.3%

RSG REPUBLIC SERVICES 1.8%

Value ($000) $903 Shares 3,935 Est. Cost $47.77 Unrealized +388.3%

MPLX MPLX LP 1.7%

Value ($000) $883 Shares 17,680 Est. Cost $36.20 Unrealized —

PBA PEMBINA PIPELINE CO F 1.7%

Value ($000) $849 Shares 20,987 Est. Cost $25.79 Unrealized +46.3%

RTX RAYTHEON TECHNOLOGIES CO 1.5%

Value ($000) $782 Shares 4,676 Est. Cost $131.75 Unrealized +17.1%

ADP AUTO DATA PROCESSING 1.3%

Value ($000) $638 Shares 2,173 Est. Cost $85.94 Unrealized +246.5%

WM WASTE MANAGEMENT INC 1.2%

Value ($000) $624 Shares 2,825 Est. Cost $153.98 Unrealized +45.3%

LMT KINETIK HOLDINGS 1.0%

Value ($000) $487 Shares 976 Est. Cost $207.71 Unrealized +115.8%

MCD MCDONALDS CORP 0.9%

Value ($000) $479 Shares 1,576 Est. Cost $115.23 Unrealized +161.6%

XLP SPDR FUND CONSUMER STAPLES ETF 0.7%

Value ($000) $381 Shares 4,855 Est. Cost $67.29 Unrealized —

ECL ECOLAB INC 0.7%

Value ($000) $351 Shares 1,280 Est. Cost $176.78 Unrealized +52.9%

PAGP PLAINS GP HLDGS 0.6%

Value ($000) $297 Shares 16,291 Est. Cost $21.88 Unrealized —

PG PROCTER & GAMBLE 0.5%

Value ($000) $235 Shares 1,530 Est. Cost $164.23 Unrealized -5.7%

HSY HERSHEY CO 0.5%

Value ($000) $229 Shares 1,223 Est. Cost $186.05 Unrealized -3.4%

MKC MC CORMICK & CO INC 0.4%

Value ($000) $222 Shares 3,323 Est. Cost $63.71 Unrealized +8.4%

KO THE COCA-COLA CO 0.4%

Value ($000) $217 Shares 3,277 Est. Cost $35.53 Unrealized +91.2%

JNJ JOHNSON & JOHNSON 0.4%

Value ($000) $203 Shares 1,093 Est. Cost $169.51 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ET	ENERGY TRANSFER LP	431,577	$7,406	14.6%	$11.65	—	COM	29273V100
NEXT	NEXTDECADE	927,384	$6,297	12.4%	$5.27	+83.6%	COM	65342K105
WMB	WILLIAMS COMPANIES	69,634	$4,411	8.7%	$18.91	+205.8%	COM	969457100
LNG	CHENIERE ENERGY INC	18,435	$4,332	8.5%	$73.91	+218.0%	COM NEW	16411R208
USAI	PACER AMERN ENERGY INDEPENDENCE ETF	83,465	$3,326	6.5%	$27.49	—	COM	69374H634
TRGP	TARGA RESOURCES CORP	18,452	$3,091	6.1%	$37.65	+338.7%	COM	87612G101
OKE	ONEOK INC	41,462	$3,025	6.0%	$51.97	+44.4%	COM	682680103
EPD	ENTERPRISE PRODS PART LP	73,971	$2,313	4.6%	$27.02	—	COM	293792107
BRK/B	BERKSHIRE HATHAWAY CLASS B	3,129	$1,573	3.1%	$165.93	+191.9%	CL B NEW	084670702
ENB	ENBRIDGE INC F	29,341	$1,481	2.9%	$24.97	+84.7%	COM	29250N105
SPY	SPDR S&P 500 ETF	2,147	$1,430	2.8%	$399.90	—	TR UNIT	78462F103
TRP	TC ENERGY CORP F	25,651	$1,396	2.7%	$33.29	+50.8%	COM	87807B107
KMI	KINDER MORGAN INC	36,648	$1,038	2.0%	$12.50	+115.8%	COM	49456B101
WES	WESTERN MIDSTREAM PAR LP	24,554	$965	1.9%	$32.81	—	COM UNIT LP INT	958669103
KNTK	KINETIK HOLDINGS	22,306	$953	1.9%	$35.13	+20.3%	COM NEW CL A	02215L209
RSG	REPUBLIC SERVICES	3,935	$903	1.8%	$47.77	+388.3%	COM	760759100
MPLX	MPLX LP	17,680	$883	1.7%	$36.20	—	COM UNIT REP LTD	55336V100
PBA	PEMBINA PIPELINE CO F	20,987	$849	1.7%	$25.79	+46.3%	COM	706327103
RTX	RAYTHEON TECHNOLOGIES CO	4,676	$782	1.5%	$131.75	+17.1%	COM	75513E101
ADP	AUTO DATA PROCESSING	2,173	$638	1.3%	$85.94	+246.5%	COM	053015103
WM	WASTE MANAGEMENT INC	2,825	$624	1.2%	$153.98	+45.3%	COM	94106L109
LMT	KINETIK HOLDINGS	976	$487	1.0%	$207.71	+115.8%	COM	539830109
MCD	MCDONALDS CORP	1,576	$479	0.9%	$115.23	+161.6%	COM	580135101
XLP	SPDR FUND CONSUMER STAPLES ETF	4,855	$381	0.7%	$67.29	—	SBI CONS STPLS	81369Y308
ECL	ECOLAB INC	1,280	$351	0.7%	$176.78	+52.9%	COM	278865100
PAGP	PLAINS GP HLDGS	16,291	$297	0.6%	$21.88	—	LTD PARTNR INT A	72651A207
PG	PROCTER & GAMBLE	1,530	$235	0.5%	$164.23	-5.7%	COM	742718109
HSY	HERSHEY CO	1,223	$229	0.5%	$186.05	-3.4%	COM	427866108
MKC	MC CORMICK & CO INC	3,323	$222	0.4%	$63.71	+8.4%	COM NON VTG	579780206
KO	THE COCA-COLA CO	3,277	$217	0.4%	$35.53	+91.2%	COM	191216100
JNJ	JOHNSON & JOHNSON	1,093	$203	0.4%	$169.51	0.0%	COM	478160104