SL ADVISORS, LLC Long-Term Concentrated

Location: Naples, FL

CIK: 0001680365 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Apr 15, 2026

Total Value: $46.49M (100.0% shares, 0.0% debt)

Holdings (41)

ET ENERGY TRANSFER L P 11.2%

Value $5.192M Shares 376,197 Share Price $13.80 Est. Cost/Share $10.79 Unrealized @ Report Date —

SPY SPDR S&P 500 ETF TR 11.0%

Value $5.126M Shares 10,784 Share Price $475.31 Est. Cost/Share $396.68 Unrealized @ Report Date +19.8%

USAI PACER FDS TR 6.8%

Value $3.178M Shares 110,205 Share Price $28.84 Est. Cost/Share $27.64 Unrealized @ Report Date +4.3%

LNG CHENIERE ENERGY INC 6.6%

Value $3.077M Shares 18,026 Share Price $170.71 Est. Cost/Share $68.23 Unrealized @ Report Date +150.2%

OKE ONEOK INC NEW 5.7%

Value $2.634M Shares 37,504 Share Price $70.22 * Est. Cost/Share $40.04 Unrealized @ Report Date +58.7%

NEXT NEXTDECADE CORP 5.3%

Value $2.469M Shares 517,711 Share Price $4.77 Est. Cost/Share $4.42 Unrealized @ Report Date +8.0%

WMB WILLIAMS COS INC 5.2%

Value $2.419M Shares 69,447 Share Price $34.83 * Est. Cost/Share $18.33 Unrealized @ Report Date +75.7%

TRGP TARGA RES CORP 4.4%

Value $2.035M Shares 23,429 Share Price $86.87 * Est. Cost/Share $33.68 Unrealized @ Report Date +146.8%

EPD ENTERPRISE PRODS PARTNERS L 4.1%

Value $1.899M Shares 72,056 Share Price $26.35 Est. Cost/Share $26.90 Unrealized @ Report Date —

ENB ENBRIDGE INC 3.9%

Value $1.804M Shares 50,092 Share Price $36.02 * Est. Cost/Share $24.97 Unrealized @ Report Date +26.9%

BRK/B BERKSHIRE HATHAWAY INC DEL 3.8%

Value $1.775M Shares 4,976 Share Price $356.66 Est. Cost/Share $165.93 Unrealized @ Report Date +114.9%

TRP TC ENERGY CORP 2.2%

Value $1.033M Shares 26,418 Share Price $39.09 * Est. Cost/Share $32.74 Unrealized @ Report Date +9.8%

PBA PEMBINA PIPELINE CORP 2.0%

Value $912K Shares 26,484 Share Price $34.42 * Est. Cost/Share $25.35 Unrealized @ Report Date +25.5%

KMI KINDER MORGAN INC DEL 2.0%

Value $910K Shares 51,561 Share Price $17.64 * Est. Cost/Share $12.50 Unrealized @ Report Date +27.7%

— NUSTAR ENERGY LP 1.9%

Value $882K Shares 47,199 Share Price $18.68 Est. Cost/Share $22.33 Unrealized @ Report Date —

— EQUITRANS MIDSTREAM CORP 1.8%

Value $831K Shares 81,679 Share Price $10.18 Est. Cost/Share $8.31 Unrealized @ Report Date —

— ENLINK MIDSTREAM LLC 1.7%

Value $807K Shares 66,324 Share Price $12.16 Est. Cost/Share $11.82 Unrealized @ Report Date —

RSG REPUBLIC SVCS INC 1.6%

Value $766K Shares 4,645 Share Price $164.91 * Est. Cost/Share $46.47 Unrealized @ Report Date +247.2%

LMT LOCKHEED MARTIN CORP 1.5%

Value $682K Shares 1,504 Share Price $453.24 * Est. Cost/Share $207.71 Unrealized @ Report Date +106.6%

MPLX MPLX LP 1.3%

Value $626K Shares 17,050 Share Price $36.72 Est. Cost/Share $35.56 Unrealized @ Report Date —

WM WASTE MGMT INC DEL 1.3%

Value $598K Shares 3,337 Share Price $179.10 * Est. Cost/Share $59.33 Unrealized @ Report Date +193.3%

ADP AUTOMATIC DATA PROCESSING IN 1.2%

Value $554K Shares 2,378 Share Price $232.97 * Est. Cost/Share $85.94 Unrealized @ Report Date +159.5%

MCD MCDONALDS CORP 1.1%

Value $507K Shares 1,710 Share Price $296.51 * Est. Cost/Share $115.23 Unrealized @ Report Date +145.5%

XLP SELECT SECTOR SPDR TR 1.1%

Value $501K Shares 6,955 Share Price $72.03 Est. Cost/Share $65.79 Unrealized @ Report Date +9.5%

HSY HERSHEY CO 1.0%

Value $455K Shares 2,440 Share Price $186.44 * Est. Cost/Share $81.90 Unrealized @ Report Date +114.1%

RTX RTX CORPORATION 0.9%

Value $427K Shares 5,078 Share Price $84.14 * Est. Cost/Share $59.85 Unrealized @ Report Date +34.8%

PG PROCTER AND GAMBLE CO 0.8%

Value $386K Shares 2,637 Share Price $146.54 * Est. Cost/Share $71.72 Unrealized @ Report Date +94.2%

JNJ JOHNSON & JOHNSON 0.8%

Value $378K Shares 2,412 Share Price $156.74 * Est. Cost/Share $95.75 Unrealized @ Report Date +54.0%

PEP PEPSICO INC 0.7%

Value $346K Shares 2,035 Share Price $169.84 * Est. Cost/Share $86.54 Unrealized @ Report Date +82.9%

WES WESTERN MIDSTREAM PARTNERS L 0.7%

Value $342K Shares 11,694 Share Price $29.26 Est. Cost/Share $29.32 Unrealized @ Report Date —

PAGP PLAINS GP HLDGS L P 0.7%

Value $334K Shares 20,953 Share Price $15.95 Est. Cost/Share $21.99 Unrealized @ Report Date —

KNTK KINETIK HOLDINGS INC 0.7%

Value $321K Shares 9,612 Share Price $33.40 Est. Cost/Share $34.94 Unrealized @ Report Date -4.4%

KO COCA COLA CO 0.6%

Value $300K Shares 5,085 Share Price $58.93 * Est. Cost/Share $35.53 Unrealized @ Report Date +56.3%

LW LAMB WESTON HLDGS INC 0.6%

Value $284K Shares 2,623 Share Price $108.09 * Est. Cost/Share $62.04 Unrealized @ Report Date +66.7%

QSR RESTAURANT BRANDS INTL INC 0.6%

Value $280K Shares 3,584 Share Price $78.13 Est. Cost/Share $56.87 Unrealized @ Report Date +37.4%

MKC MCCORMICK & CO INC 0.6%

Value $270K Shares 3,947 Share Price $68.42 * Est. Cost/Share $63.70 Unrealized @ Report Date +2.3%

ECL ECOLAB INC 0.6%

Value $265K Shares 1,336 Share Price $198.35 Est. Cost/Share $175.85 Unrealized @ Report Date +10.6%

MRK MERCK & CO INC 0.5%

Value $241K Shares 2,209 Share Price $109.02 * Est. Cost/Share $96.81 Unrealized @ Report Date +5.7%

QQQ INVESCO QQQ TR 0.5%

Value $225K Shares 550 Share Price $409.52 Est. Cost/Share $379.61 Unrealized @ Report Date +7.9%

KDP KEURIG DR PEPPER INC 0.5%

Value $212K Shares 6,372 Share Price $33.32 * Est. Cost/Share $24.08 Unrealized @ Report Date +29.8%

CLX CLOROX CO DEL 0.4%

Value $208K Shares 1,460 Share Price $142.59 * Est. Cost/Share $108.99 Unrealized @ Report Date +22.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ET	ENERGY TRANSFER L P	376,197	$5.192M	11.2%	$13.80	$10.79	—	COM UT LTD PTN	29273V100
SPY	SPDR S&P 500 ETF TR	10,784	$5.126M	11.0%	$475.31	$396.68	+19.8%	TR UNIT	78462F103
USAI	PACER FDS TR	110,205	$3.178M	6.8%	$28.84	$27.64	+4.3%	AMERCN ENRGY IND	69374H634
LNG	CHENIERE ENERGY INC	18,026	$3.077M	6.6%	$170.71	$68.23	+150.2%	COM NEW	16411R208
OKE	ONEOK INC NEW	37,504	$2.634M	5.7%	$70.22 *	$40.04	+58.7%	COM	682680103
NEXT	NEXTDECADE CORP	517,711	$2.469M	5.3%	$4.77	$4.42	+8.0%	COM	65342K105
WMB	WILLIAMS COS INC	69,447	$2.419M	5.2%	$34.83 *	$18.33	+75.7%	COM	969457100
TRGP	TARGA RES CORP	23,429	$2.035M	4.4%	$86.87 *	$33.68	+146.8%	COM	87612G101
EPD	ENTERPRISE PRODS PARTNERS L	72,056	$1.899M	4.1%	$26.35	$26.90	—	COM	293792107
ENB	ENBRIDGE INC	50,092	$1.804M	3.9%	$36.02 *	$24.97	+26.9%	COM	29250N105
BRK/B	BERKSHIRE HATHAWAY INC DEL	4,976	$1.775M	3.8%	$356.66	$165.93	+114.9%	CL B NEW	084670702
TRP	TC ENERGY CORP	26,418	$1.033M	2.2%	$39.09 *	$32.74	+9.8%	COM	87807B107
PBA	PEMBINA PIPELINE CORP	26,484	$912K	2.0%	$34.42 *	$25.35	+25.5%	COM	706327103
KMI	KINDER MORGAN INC DEL	51,561	$910K	2.0%	$17.64 *	$12.50	+27.7%	COM	49456B101
—	NUSTAR ENERGY LP	47,199	$882K	1.9%	$18.68	$22.33	—	UNIT COM	67058H102
—	EQUITRANS MIDSTREAM CORP	81,679	$831K	1.8%	$10.18	$8.31	—	COM	294600101
—	ENLINK MIDSTREAM LLC	66,324	$807K	1.7%	$12.16	$11.82	—	COM UNIT REP LTD	29336T100
RSG	REPUBLIC SVCS INC	4,645	$766K	1.6%	$164.91 *	$46.47	+247.2%	COM	760759100
LMT	LOCKHEED MARTIN CORP	1,504	$682K	1.5%	$453.24 *	$207.71	+106.6%	COM	539830109
MPLX	MPLX LP	17,050	$626K	1.3%	$36.72	$35.56	—	COM UNIT REP LTD	55336V100
WM	WASTE MGMT INC DEL	3,337	$598K	1.3%	$179.10 *	$59.33	+193.3%	COM	94106L109
ADP	AUTOMATIC DATA PROCESSING IN	2,378	$554K	1.2%	$232.97 *	$85.94	+159.5%	COM	053015103
MCD	MCDONALDS CORP	1,710	$507K	1.1%	$296.51 *	$115.23	+145.5%	COM	580135101
XLP	SELECT SECTOR SPDR TR	6,955	$501K	1.1%	$72.03	$65.79	+9.5%	SBI CONS STPLS	81369Y308
HSY	HERSHEY CO	2,440	$455K	1.0%	$186.44 *	$81.90	+114.1%	COM	427866108
RTX	RTX CORPORATION	5,078	$427K	0.9%	$84.14 *	$59.85	+34.8%	COM	75513E101
PG	PROCTER AND GAMBLE CO	2,637	$386K	0.8%	$146.54 *	$71.72	+94.2%	COM	742718109
JNJ	JOHNSON & JOHNSON	2,412	$378K	0.8%	$156.74 *	$95.75	+54.0%	COM	478160104
PEP	PEPSICO INC	2,035	$346K	0.7%	$169.84 *	$86.54	+82.9%	COM	713448108
WES	WESTERN MIDSTREAM PARTNERS L	11,694	$342K	0.7%	$29.26	$29.32	—	COM UNIT LP INT	958669103
PAGP	PLAINS GP HLDGS L P	20,953	$334K	0.7%	$15.95	$21.99	—	LTD PARTNR INT A	72651A207
KNTK	KINETIK HOLDINGS INC	9,612	$321K	0.7%	$33.40	$34.94	-4.4%	COM NEW CL A	02215L209
KO	COCA COLA CO	5,085	$300K	0.6%	$58.93 *	$35.53	+56.3%	COM	191216100
LW	LAMB WESTON HLDGS INC	2,623	$284K	0.6%	$108.09 *	$62.04	+66.7%	COM	513272104
QSR	RESTAURANT BRANDS INTL INC	3,584	$280K	0.6%	$78.13	$56.87	+37.4%	COM	76131D103
MKC	MCCORMICK & CO INC	3,947	$270K	0.6%	$68.42 *	$63.70	+2.3%	COM NON VTG	579780206
ECL	ECOLAB INC	1,336	$265K	0.6%	$198.35	$175.85	+10.6%	COM	278865100
MRK	MERCK & CO INC	2,209	$241K	0.5%	$109.02 *	$96.81	+5.7%	COM	58933Y105
QQQ	INVESCO QQQ TR	550	$225K	0.5%	$409.52	$379.61	+7.9%	UNIT SER 1	46090E103
KDP	KEURIG DR PEPPER INC	6,372	$212K	0.5%	$33.32 *	$24.08	+29.8%	COM	49271V100
CLX	CLOROX CO DEL	1,460	$208K	0.4%	$142.59 *	$108.99	+22.0%	COM	189054109