SL ADVISORS, LLC Long-Term Concentrated

Location: Naples, FL

CIK: 0001680365 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: Apr 15, 2026

Total Value: $50.78M (100.0% shares, 0.0% debt)

Holdings (39)

ET ENERGY TRANSFER L P 11.7%

Value $5.918M Shares 376,197 Share Price $15.73 Est. Cost/Share $10.79 Unrealized @ Report Date —

SPY SPDR S&P 500 ETF TR 10.3%

Value $5.253M Shares 10,042 Share Price $523.07 Est. Cost/Share $396.68 Unrealized @ Report Date +31.9%

NEXT NEXTDECADE CORP 7.7%

Value $3.929M Shares 691,662 Share Price $5.68 Est. Cost/Share $4.56 Unrealized @ Report Date +24.5%

OKE ONEOK INC NEW 5.9%

Value $3.01M Shares 37,545 Share Price $80.17 * Est. Cost/Share $40.04 Unrealized @ Report Date +83.8%

USAI PACER FDS TR 5.9%

Value $2.987M Shares 94,172 Share Price $31.72 Est. Cost/Share $27.64 Unrealized @ Report Date +14.7%

LNG CHENIERE ENERGY INC 5.7%

Value $2.907M Shares 18,026 Share Price $161.28 Est. Cost/Share $68.23 Unrealized @ Report Date +136.4%

WMB WILLIAMS COS INC 5.3%

Value $2.71M Shares 69,535 Share Price $38.97 * Est. Cost/Share $18.33 Unrealized @ Report Date +99.2%

TRGP TARGA RES CORP 5.2%

Value $2.624M Shares 23,429 Share Price $111.99 * Est. Cost/Share $33.68 Unrealized @ Report Date +220.0%

EPD ENTERPRISE PRODS PARTNERS L 4.1%

Value $2.103M Shares 72,056 Share Price $29.18 Est. Cost/Share $26.90 Unrealized @ Report Date —

BRK/B BERKSHIRE HATHAWAY INC DEL 4.1%

Value $2.095M Shares 4,982 Share Price $420.52 Est. Cost/Share $165.93 Unrealized @ Report Date +153.4%

ENB ENBRIDGE INC 2.8%

Value $1.43M Shares 39,517 Share Price $36.18 * Est. Cost/Share $24.97 Unrealized @ Report Date +30.1%

— NUSTAR ENERGY LP 2.2%

Value $1.098M Shares 47,199 Share Price $23.27 Est. Cost/Share $22.33 Unrealized @ Report Date —

TRP TC ENERGY CORP 2.0%

Value $1.018M Shares 25,318 Share Price $40.20 * Est. Cost/Share $32.74 Unrealized @ Report Date +14.7%

PBA PEMBINA PIPELINE CORP 1.8%

Value $922K Shares 26,087 Share Price $35.34 * Est. Cost/Share $25.35 Unrealized @ Report Date +30.7%

KMI KINDER MORGAN INC DEL 1.8%

Value $913K Shares 49,776 Share Price $18.34 * Est. Cost/Share $12.50 Unrealized @ Report Date +35.0%

— ENLINK MIDSTREAM LLC 1.8%

Value $905K Shares 66,324 Share Price $13.64 Est. Cost/Share $11.82 Unrealized @ Report Date —

RSG REPUBLIC SVCS INC 1.8%

Value $898K Shares 4,693 Share Price $191.44 * Est. Cost/Share $47.77 Unrealized @ Report Date +292.1%

KNTK KINETIK HOLDINGS INC 1.7%

Value $854K Shares 21,432 Share Price $39.87 Est. Cost/Share $34.60 Unrealized @ Report Date +15.2%

WES WESTERN MIDSTREAM PARTNERS L 1.7%

Value $845K Shares 23,757 Share Price $35.55 Est. Cost/Share $32.48 Unrealized @ Report Date —

WM WASTE MGMT INC DEL 1.4%

Value $717K Shares 3,364 Share Price $213.15 * Est. Cost/Share $59.33 Unrealized @ Report Date +250.3%

MPLX MPLX LP 1.4%

Value $709K Shares 17,050 Share Price $41.56 Est. Cost/Share $35.56 Unrealized @ Report Date —

LMT LOCKHEED MARTIN CORP 1.3%

Value $685K Shares 1,506 Share Price $454.87 * Est. Cost/Share $207.71 Unrealized @ Report Date +108.8%

ADP AUTOMATIC DATA PROCESSING IN 1.2%

Value $595K Shares 2,383 Share Price $249.74 * Est. Cost/Share $85.94 Unrealized @ Report Date +179.8%

RTX RTX CORPORATION 1.0%

Value $495K Shares 5,078 Share Price $97.53 * Est. Cost/Share $59.85 Unrealized @ Report Date +57.3%

MCD MCDONALDS CORP 1.0%

Value $486K Shares 1,725 Share Price $281.95 * Est. Cost/Share $115.23 Unrealized @ Report Date +134.8%

XLP SELECT SECTOR SPDR TR 0.9%

Value $481K Shares 6,297 Share Price $76.36 Est. Cost/Share $65.79 Unrealized @ Report Date +16.1%

HSY HERSHEY CO 0.9%

Value $435K Shares 2,236 Share Price $194.50 * Est. Cost/Share $81.90 Unrealized @ Report Date +125.0%

PG PROCTER AND GAMBLE CO 0.8%

Value $398K Shares 2,450 Share Price $162.25 * Est. Cost/Share $71.72 Unrealized @ Report Date +116.4%

JNJ JOHNSON & JOHNSON 0.8%

Value $383K Shares 2,418 Share Price $158.19 * Est. Cost/Share $95.75 Unrealized @ Report Date +56.6%

PAGP PLAINS GP HLDGS L P 0.8%

Value $382K Shares 20,953 Share Price $18.25 Est. Cost/Share $21.99 Unrealized @ Report Date —

PEP PEPSICO INC 0.7%

Value $358K Shares 2,048 Share Price $175.01 * Est. Cost/Share $86.54 Unrealized @ Report Date +89.9%

ECL ECOLAB INC 0.6%

Value $318K Shares 1,376 Share Price $230.90 Est. Cost/Share $176.78 Unrealized @ Report Date +28.4%

KO COCA COLA CO 0.6%

Value $314K Shares 5,127 Share Price $61.18 * Est. Cost/Share $35.53 Unrealized @ Report Date +63.6%

MKC MCCORMICK & CO INC 0.6%

Value $307K Shares 3,995 Share Price $76.81 * Est. Cost/Share $63.71 Unrealized @ Report Date +14.9%

MRK MERCK & CO INC 0.6%

Value $296K Shares 2,247 Share Price $131.95 * Est. Cost/Share $97.13 Unrealized @ Report Date +28.3%

LW LAMB WESTON HLDGS INC 0.6%

Value $288K Shares 2,707 Share Price $106.53 * Est. Cost/Share $63.22 Unrealized @ Report Date +61.8%

QSR RESTAURANT BRANDS INTL INC 0.6%

Value $288K Shares 3,628 Share Price $79.45 Est. Cost/Share $57.13 Unrealized @ Report Date +39.1%

CLX CLOROX CO DEL 0.4%

Value $225K Shares 1,472 Share Price $153.11 * Est. Cost/Share $108.99 Unrealized @ Report Date +32.1%

KDP KEURIG DR PEPPER INC 0.4%

Value $203K Shares 6,621 Share Price $30.67 * Est. Cost/Share $24.27 Unrealized @ Report Date +20.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ET	ENERGY TRANSFER L P	376,197	$5.918M	11.7%	$15.73	$10.79	—	COM UT LTD PTN	29273V100
SPY	SPDR S&P 500 ETF TR	10,042	$5.253M	10.3%	$523.07	$396.68	+31.9%	TR UNIT	78462F103
NEXT	NEXTDECADE CORP	691,662	$3.929M	7.7%	$5.68	$4.56	+24.5%	COM	65342K105
OKE	ONEOK INC NEW	37,545	$3.01M	5.9%	$80.17 *	$40.04	+83.8%	COM	682680103
USAI	PACER FDS TR	94,172	$2.987M	5.9%	$31.72	$27.64	+14.7%	AMERCN ENRGY IND	69374H634
LNG	CHENIERE ENERGY INC	18,026	$2.907M	5.7%	$161.28	$68.23	+136.4%	COM NEW	16411R208
WMB	WILLIAMS COS INC	69,535	$2.71M	5.3%	$38.97 *	$18.33	+99.2%	COM	969457100
TRGP	TARGA RES CORP	23,429	$2.624M	5.2%	$111.99 *	$33.68	+220.0%	COM	87612G101
EPD	ENTERPRISE PRODS PARTNERS L	72,056	$2.103M	4.1%	$29.18	$26.90	—	COM	293792107
BRK/B	BERKSHIRE HATHAWAY INC DEL	4,982	$2.095M	4.1%	$420.52	$165.93	+153.4%	CL B NEW	084670702
ENB	ENBRIDGE INC	39,517	$1.43M	2.8%	$36.18 *	$24.97	+30.1%	COM	29250N105
—	NUSTAR ENERGY LP	47,199	$1.098M	2.2%	$23.27	$22.33	—	UNIT COM	67058H102
TRP	TC ENERGY CORP	25,318	$1.018M	2.0%	$40.20 *	$32.74	+14.7%	COM	87807B107
PBA	PEMBINA PIPELINE CORP	26,087	$922K	1.8%	$35.34 *	$25.35	+30.7%	COM	706327103
KMI	KINDER MORGAN INC DEL	49,776	$913K	1.8%	$18.34 *	$12.50	+35.0%	COM	49456B101
—	ENLINK MIDSTREAM LLC	66,324	$905K	1.8%	$13.64	$11.82	—	COM UNIT REP LTD	29336T100
RSG	REPUBLIC SVCS INC	4,693	$898K	1.8%	$191.44 *	$47.77	+292.1%	COM	760759100
KNTK	KINETIK HOLDINGS INC	21,432	$854K	1.7%	$39.87	$34.60	+15.2%	COM NEW CL A	02215L209
WES	WESTERN MIDSTREAM PARTNERS L	23,757	$845K	1.7%	$35.55	$32.48	—	COM UNIT LP INT	958669103
WM	WASTE MGMT INC DEL	3,364	$717K	1.4%	$213.15 *	$59.33	+250.3%	COM	94106L109
MPLX	MPLX LP	17,050	$709K	1.4%	$41.56	$35.56	—	COM UNIT REP LTD	55336V100
LMT	LOCKHEED MARTIN CORP	1,506	$685K	1.3%	$454.87 *	$207.71	+108.8%	COM	539830109
ADP	AUTOMATIC DATA PROCESSING IN	2,383	$595K	1.2%	$249.74 *	$85.94	+179.8%	COM	053015103
RTX	RTX CORPORATION	5,078	$495K	1.0%	$97.53 *	$59.85	+57.3%	COM	75513E101
MCD	MCDONALDS CORP	1,725	$486K	1.0%	$281.95 *	$115.23	+134.8%	COM	580135101
XLP	SELECT SECTOR SPDR TR	6,297	$481K	0.9%	$76.36	$65.79	+16.1%	SBI CONS STPLS	81369Y308
HSY	HERSHEY CO	2,236	$435K	0.9%	$194.50 *	$81.90	+125.0%	COM	427866108
PG	PROCTER AND GAMBLE CO	2,450	$398K	0.8%	$162.25 *	$71.72	+116.4%	COM	742718109
JNJ	JOHNSON & JOHNSON	2,418	$383K	0.8%	$158.19 *	$95.75	+56.6%	COM	478160104
PAGP	PLAINS GP HLDGS L P	20,953	$382K	0.8%	$18.25	$21.99	—	LTD PARTNR INT A	72651A207
PEP	PEPSICO INC	2,048	$358K	0.7%	$175.01 *	$86.54	+89.9%	COM	713448108
ECL	ECOLAB INC	1,376	$318K	0.6%	$230.90	$176.78	+28.4%	COM	278865100
KO	COCA COLA CO	5,127	$314K	0.6%	$61.18 *	$35.53	+63.6%	COM	191216100
MKC	MCCORMICK & CO INC	3,995	$307K	0.6%	$76.81 *	$63.71	+14.9%	COM NON VTG	579780206
MRK	MERCK & CO INC	2,247	$296K	0.6%	$131.95 *	$97.13	+28.3%	COM	58933Y105
LW	LAMB WESTON HLDGS INC	2,707	$288K	0.6%	$106.53 *	$63.22	+61.8%	COM	513272104
QSR	RESTAURANT BRANDS INTL INC	3,628	$288K	0.6%	$79.45	$57.13	+39.1%	COM	76131D103
CLX	CLOROX CO DEL	1,472	$225K	0.4%	$153.11 *	$108.99	+32.1%	COM	189054109
KDP	KEURIG DR PEPPER INC	6,621	$203K	0.4%	$30.67 *	$24.27	+20.1%	COM	49271V100