SL ADVISORS, LLC Long-Term Concentrated

Location: Naples, FL

CIK: 0001680365 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Apr 15, 2026

Total Value: $44.5M (100.0% shares, 0.0% debt)

Holdings (46)

ET ENERGY TRANSFER L P 10.2%

Value $4.525M Shares 356,337 Est. Cost $10.54 Unrealized —

NEXT NEXTDECADE CORP 9.2%

Value $4.103M Shares 499,800 Est. Cost $4.41 Unrealized +39.1%

SPY SPDR S&P 500 ETF TR 7.9%

Value $3.515M Shares 7,930 Est. Cost $372.98 Unrealized —

LNG CHENIERE ENERGY INC 6.5%

Value $2.871M Shares 18,844 Est. Cost $66.40 Unrealized +123.0%

WMB WILLIAMS COS INC 5.7%

Value $2.529M Shares 77,520 Est. Cost $18.33 Unrealized +46.0%

EPD ENTERPRISE PRODS PARTNERS L 4.6%

Value $2.045M Shares 77,617 Est. Cost $26.90 Unrealized —

TRGP TARGA RES CORP 4.4%

Value $1.963M Shares 25,793 Est. Cost $33.68 Unrealized +103.2%

BRK/B BERKSHIRE HATHAWAY INC DEL 4.1%

Value $1.832M Shares 5,373 Est. Cost $165.93 Unrealized +96.7%

OKE ONEOK INC NEW 3.8%

Value $1.671M Shares 27,072 Est. Cost $30.04 Unrealized +80.2%

ENB ENBRIDGE INC 3.7%

Value $1.637M Shares 44,054 Est. Cost $24.38 Unrealized +31.5%

— MAGELLAN MIDSTREAM PRTNRS LP 3.2%

Value $1.413M Shares 22,675 Est. Cost $67.07 Unrealized —

KMI KINDER MORGAN INC DEL 2.3%

Value $1.029M Shares 59,785 Est. Cost $12.50 Unrealized +18.3%

PBA PEMBINA PIPELINE CORP 2.0%

Value $896K Shares 28,506 Est. Cost $25.35 Unrealized +11.5%

— NUSTAR ENERGY LP 2.0%

Value $876K Shares 51,114 Est. Cost $22.33 Unrealized —

— EQUITRANS MIDSTREAM CORP 1.9%

Value $857K Shares 89,665 Est. Cost $8.31 Unrealized —

RSG REPUBLIC SVCS INC 1.9%

Value $833K Shares 5,438 Est. Cost $46.47 Unrealized +198.0%

— ENLINK MIDSTREAM LLC 1.7%

Value $749K Shares 70,654 Est. Cost $11.82 Unrealized —

LMT LOCKHEED MARTIN CORP 1.6%

Value $732K Shares 1,591 Est. Cost $207.71 Unrealized +107.7%

ADP AUTOMATIC DATA PROCESSING IN 1.5%

Value $673K Shares 3,060 Est. Cost $85.94 Unrealized +136.5%

WM WASTE MGMT INC DEL 1.5%

Value $657K Shares 3,787 Est. Cost $59.33 Unrealized +167.6%

HSY HERSHEY CO 1.4%

Value $639K Shares 2,558 Est. Cost $81.90 Unrealized +197.2%

XLP SELECT SECTOR SPDR TR 1.4%

Value $606K Shares 8,175 Est. Cost $67.29 Unrealized —

RTX RAYTHEON TECHNOLOGIES CORP 1.3%

Value $590K Shares 6,018 Est. Cost $59.85 Unrealized +54.2%

MCD MCDONALDS CORP 1.3%

Value $586K Shares 1,964 Est. Cost $115.23 Unrealized +137.0%

— CRESTWOOD EQUITY PARTNERS LP 1.3%

Value $565K Shares 21,346 Est. Cost $25.50 Unrealized —

PEP PEPSICO INC 1.0%

Value $463K Shares 2,502 Est. Cost $86.54 Unrealized +97.1%

PG PROCTER AND GAMBLE CO 1.0%

Value $447K Shares 2,945 Est. Cost $71.72 Unrealized +97.0%

JNJ JOHNSON & JOHNSON 1.0%

Value $444K Shares 2,685 Est. Cost $95.75 Unrealized +55.5%

LW LAMB WESTON HLDGS INC 0.9%

Value $407K Shares 3,541 Est. Cost $62.04 Unrealized +70.8%

MKC MCCORMICK & CO INC 0.9%

Value $385K Shares 4,410 Est. Cost $63.70 Unrealized +30.0%

QSR RESTAURANT BRANDS INTL INC 0.8%

Value $369K Shares 4,756 Est. Cost $56.87 Unrealized +27.0%

WES WESTERN MIDSTREAM PARTNERS L 0.8%

Value $334K Shares 12,603 Est. Cost $29.32 Unrealized —

PAGP PLAINS GP HLDGS L P 0.7%

Value $333K Shares 22,464 Est. Cost $21.99 Unrealized —

KO COCA COLA CO 0.7%

Value $333K Shares 5,532 Est. Cost $35.53 Unrealized +61.4%

ECL ECOLAB INC 0.7%

Value $299K Shares 1,602 Est. Cost $148.50 Unrealized +12.7%

CLX CLOROX CO DEL 0.6%

Value $267K Shares 1,676 Est. Cost $108.99 Unrealized +35.4%

SJM SMUCKER J M CO 0.6%

Value $255K Shares 1,730 Est. Cost $95.85 Unrealized +44.5%

MRK MERCK & CO INC 0.5%

Value $232K Shares 2,012 Est. Cost $92.80 Unrealized +12.6%

KHC KRAFT HEINZ CO 0.5%

Value $227K Shares 6,392 Est. Cost $40.93 Unrealized -18.0%

KMB KIMBERLY-CLARK CORP 0.5%

Value $218K Shares 1,580 Est. Cost $97.73 Unrealized +28.7%

CAG CONAGRA BRANDS INC 0.5%

Value $216K Shares 6,420 Est. Cost $26.57 Unrealized +18.2%

KDP KEURIG DR PEPPER INC 0.5%

Value $216K Shares 6,917 Est. Cost $24.08 Unrealized +26.2%

BUD ANHEUSER BUSCH INBEV SA/NV 0.5%

Value $215K Shares 3,795 Est. Cost $60.04 Unrealized —

CL COLGATE PALMOLIVE CO 0.5%

Value $208K Shares 2,704 Est. Cost $69.73 Unrealized +4.6%

— UNILEVER PLC 0.5%

Value $205K Shares 3,938 Est. Cost $50.35 Unrealized —

NEXT NEXTDECADE CORP 0.1%

Value $28,735 Shares 3,500 Est. Cost $4.41 Unrealized +39.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ET	ENERGY TRANSFER L P	356,337	$4.525M	10.2%	$10.54	—	COM UT LTD PTN	29273V100
NEXT	NEXTDECADE CORP	499,800	$4.103M	9.2%	$4.41	+39.1%	COM	65342K105
SPY	SPDR S&P 500 ETF TR	7,930	$3.515M	7.9%	$372.98	—	TR UNIT	78462F103
LNG	CHENIERE ENERGY INC	18,844	$2.871M	6.5%	$66.40	+123.0%	COM NEW	16411R208
WMB	WILLIAMS COS INC	77,520	$2.529M	5.7%	$18.33	+46.0%	COM	969457100
EPD	ENTERPRISE PRODS PARTNERS L	77,617	$2.045M	4.6%	$26.90	—	COM	293792107
TRGP	TARGA RES CORP	25,793	$1.963M	4.4%	$33.68	+103.2%	COM	87612G101
BRK/B	BERKSHIRE HATHAWAY INC DEL	5,373	$1.832M	4.1%	$165.93	+96.7%	CL B NEW	084670702
OKE	ONEOK INC NEW	27,072	$1.671M	3.8%	$30.04	+80.2%	COM	682680103
ENB	ENBRIDGE INC	44,054	$1.637M	3.7%	$24.38	+31.5%	COM	29250N105
—	MAGELLAN MIDSTREAM PRTNRS LP	22,675	$1.413M	3.2%	$67.07	—	COM UNIT RP LP	559080106
KMI	KINDER MORGAN INC DEL	59,785	$1.029M	2.3%	$12.50	+18.3%	COM	49456B101
PBA	PEMBINA PIPELINE CORP	28,506	$896K	2.0%	$25.35	+11.5%	COM	706327103
—	NUSTAR ENERGY LP	51,114	$876K	2.0%	$22.33	—	UNIT COM	67058H102
—	EQUITRANS MIDSTREAM CORP	89,665	$857K	1.9%	$8.31	—	COM	294600101
RSG	REPUBLIC SVCS INC	5,438	$833K	1.9%	$46.47	+198.0%	COM	760759100
—	ENLINK MIDSTREAM LLC	70,654	$749K	1.7%	$11.82	—	COM UNIT REP LTD	29336T100
LMT	LOCKHEED MARTIN CORP	1,591	$732K	1.6%	$207.71	+107.7%	COM	539830109
ADP	AUTOMATIC DATA PROCESSING IN	3,060	$673K	1.5%	$85.94	+136.5%	COM	053015103
WM	WASTE MGMT INC DEL	3,787	$657K	1.5%	$59.33	+167.6%	COM	94106L109
HSY	HERSHEY CO	2,558	$639K	1.4%	$81.90	+197.2%	COM	427866108
XLP	SELECT SECTOR SPDR TR	8,175	$606K	1.4%	$67.29	—	SBI CONS STPLS	81369Y308
RTX	RAYTHEON TECHNOLOGIES CORP	6,018	$590K	1.3%	$59.85	+54.2%	COM	75513E101
MCD	MCDONALDS CORP	1,964	$586K	1.3%	$115.23	+137.0%	COM	580135101
—	CRESTWOOD EQUITY PARTNERS LP	21,346	$565K	1.3%	$25.50	—	UNIT LTD PARTNER	226344208
PEP	PEPSICO INC	2,502	$463K	1.0%	$86.54	+97.1%	COM	713448108
PG	PROCTER AND GAMBLE CO	2,945	$447K	1.0%	$71.72	+97.0%	COM	742718109
JNJ	JOHNSON & JOHNSON	2,685	$444K	1.0%	$95.75	+55.5%	COM	478160104
LW	LAMB WESTON HLDGS INC	3,541	$407K	0.9%	$62.04	+70.8%	COM	513272104
MKC	MCCORMICK & CO INC	4,410	$385K	0.9%	$63.70	+30.0%	COM NON VTG	579780206
QSR	RESTAURANT BRANDS INTL INC	4,756	$369K	0.8%	$56.87	+27.0%	COM	76131D103
WES	WESTERN MIDSTREAM PARTNERS L	12,603	$334K	0.8%	$29.32	—	COM UNIT LP INT	958669103
PAGP	PLAINS GP HLDGS L P	22,464	$333K	0.7%	$21.99	—	LTD PARTNR INT A	72651A207
KO	COCA COLA CO	5,532	$333K	0.7%	$35.53	+61.4%	COM	191216100
ECL	ECOLAB INC	1,602	$299K	0.7%	$148.50	+12.7%	COM	278865100
CLX	CLOROX CO DEL	1,676	$267K	0.6%	$108.99	+35.4%	COM	189054109
SJM	SMUCKER J M CO	1,730	$255K	0.6%	$95.85	+44.5%	COM NEW	832696405
MRK	MERCK & CO INC	2,012	$232K	0.5%	$92.80	+12.6%	COM	58933Y105
KHC	KRAFT HEINZ CO	6,392	$227K	0.5%	$40.93	-18.0%	COM	500754106
KMB	KIMBERLY-CLARK CORP	1,580	$218K	0.5%	$97.73	+28.7%	COM	494368103
CAG	CONAGRA BRANDS INC	6,420	$216K	0.5%	$26.57	+18.2%	COM	205887102
KDP	KEURIG DR PEPPER INC	6,917	$216K	0.5%	$24.08	+26.2%	COM	49271V100
BUD	ANHEUSER BUSCH INBEV SA/NV	3,795	$215K	0.5%	$60.04	—	SPONSORED ADR	03524A108
CL	COLGATE PALMOLIVE CO	2,704	$208K	0.5%	$69.73	+4.6%	COM	194162103
—	UNILEVER PLC	3,938	$205K	0.5%	$50.35	—	SPON ADR NEW	904767704
NEXT	NEXTDECADE CORP	3,500	$28,735	0.1%	$4.41	+39.1%	Call	65342K105