SL ADVISORS, LLC Long-Term Concentrated

Location: Naples, FL

CIK: 0001680365 · Show all filings

Period: Q2 2024 (← Previous) (Next →)

Filing Date: Apr 15, 2026

Total Value: $50.6M (100.0% shares, 0.0% debt)

Holdings (32)

NEXT NEXTDECADE CORP 12.3%

Value $6.223M Shares 783,699 Share Price $7.94 Est. Cost/Share $4.84 Unrealized @ Report Date +64.2%

ET ENERGY TRANSFER L P 11.9%

Value $6.042M Shares 372,488 Share Price $16.22 Est. Cost/Share $10.79 Unrealized @ Report Date —

SPY SPDR S&P 500 ETF TR 10.7%

Value $5.416M Shares 9,952 Share Price $544.22 Est. Cost/Share $396.68 Unrealized @ Report Date +37.2%

USAI PACER FDS TR 6.3%

Value $3.177M Shares 95,765 Share Price $33.17 Est. Cost/Share $27.71 Unrealized @ Report Date +19.7%

LNG CHENIERE ENERGY INC 6.1%

Value $3.079M Shares 17,609 Share Price $174.83 Est. Cost/Share $68.23 Unrealized @ Report Date +156.2%

OKE ONEOK INC NEW 5.9%

Value $2.992M Shares 36,690 Share Price $81.55 * Est. Cost/Share $40.04 Unrealized @ Report Date +89.2%

TRGP TARGA RES CORP 5.8%

Value $2.945M Shares 22,870 Share Price $128.78 * Est. Cost/Share $33.68 Unrealized @ Report Date +270.3%

WMB WILLIAMS COS INC 5.7%

Value $2.901M Shares 68,265 Share Price $42.50 * Est. Cost/Share $18.33 Unrealized @ Report Date +119.8%

EPD ENTERPRISE PRODS PARTNERS L 4.1%

Value $2.053M Shares 70,838 Share Price $28.98 Est. Cost/Share $26.90 Unrealized @ Report Date —

BRK/B BERKSHIRE HATHAWAY INC DEL 4.0%

Value $2.001M Shares 4,918 Share Price $406.80 Est. Cost/Share $165.93 Unrealized @ Report Date +145.2%

ENB ENBRIDGE INC 2.7%

Value $1.376M Shares 38,674 Share Price $35.59 * Est. Cost/Share $24.97 Unrealized @ Report Date +30.2%

TRP TC ENERGY CORP 2.2%

Value $1.12M Shares 29,564 Share Price $37.90 * Est. Cost/Share $33.12 Unrealized @ Report Date +8.7%

KMI KINDER MORGAN INC DEL 1.9%

Value $962K Shares 48,435 Share Price $19.87 * Est. Cost/Share $12.50 Unrealized @ Report Date +48.5%

PBA PEMBINA PIPELINE CORP 1.9%

Value $949K Shares 25,590 Share Price $37.08 * Est. Cost/Share $25.35 Unrealized @ Report Date +39.0%

WES WESTERN MIDSTREAM PARTNERS L 1.8%

Value $923K Shares 23,225 Share Price $39.73 Est. Cost/Share $32.48 Unrealized @ Report Date —

— ENLINK MIDSTREAM Llc 1.8%

Value $898K Shares 65,275 Share Price $13.76 Est. Cost/Share $11.82 Unrealized @ Report Date —

KNTK KINETIK HOLDINGS INC 1.7%

Value $866K Shares 20,890 Share Price $41.44 Est. Cost/Share $34.60 Unrealized @ Report Date +19.8%

RSG REPUBLIC SERVICES INC 1.7%

Value $865K Shares 4,451 Share Price $194.34 Est. Cost/Share $47.77 Unrealized @ Report Date +299.2%

MPLX MPLX LP 1.4%

Value $707K Shares 16,610 Share Price $42.59 Est. Cost/Share $35.56 Unrealized @ Report Date —

WM WASTE MANAGEMENT INC DEL 1.4%

Value $687K Shares 3,222 Share Price $213.34 * Est. Cost/Share $59.33 Unrealized @ Report Date +251.9%

LMT LOCKHEED MARTIN CORP 1.2%

Value $631K Shares 1,350 Share Price $467.10 * Est. Cost/Share $207.71 Unrealized @ Report Date +115.9%

ADP AUTOMATIC DATA PROCESSING IN 1.1%

Value $549K Shares 2,301 Share Price $238.69 * Est. Cost/Share $85.94 Unrealized @ Report Date +169.0%

XLP SELECT SECTOR SPDR TR 1.0%

Value $482K Shares 6,300 Share Price $76.58 Est. Cost/Share $65.79 Unrealized @ Report Date +16.4%

MCD MCDONALDS CORP 0.8%

Value $427K Shares 1,675 Share Price $254.84 * Est. Cost/Share $115.23 Unrealized @ Report Date +113.6%

PAGP PLAINS GP HLDGS L P 0.8%

Value $388K Shares 20,603 Share Price $18.82 Est. Cost/Share $21.99 Unrealized @ Report Date —

ECL ECOLAB INC 0.7%

Value $330K Shares 1,388 Share Price $238.00 Est. Cost/Share $176.78 Unrealized @ Report Date +32.6%

PEP PEPSICO INC 0.6%

Value $328K Shares 1,988 Share Price $164.93 * Est. Cost/Share $86.54 Unrealized @ Report Date +80.3%

MRK MERCK & CO INC 0.5%

Value $278K Shares 2,247 Share Price $123.80 * Est. Cost/Share $97.13 Unrealized @ Report Date +21.1%

KO COCA COLA CO 0.5%

Value $275K Shares 4,326 Share Price $63.65 * Est. Cost/Share $35.53 Unrealized @ Report Date +71.5%

MKC MCCORMICK & CO INC 0.5%

Value $274K Shares 3,866 Share Price $70.94 * Est. Cost/Share $63.71 Unrealized @ Report Date +6.7%

QSR RESTAURANT BRANDS INTL INC 0.5%

Value $240K Shares 3,414 Share Price $70.37 Est. Cost/Share $57.13 Unrealized @ Report Date +23.2%

LW LAMB WESTON HLDGS INC 0.4%

Value $212K Shares 2,516 Share Price $84.08 * Est. Cost/Share $63.22 Unrealized @ Report Date +28.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NEXT	NEXTDECADE CORP	783,699	$6.223M	12.3%	$7.94	$4.84	+64.2%	COM	65342K105
ET	ENERGY TRANSFER L P	372,488	$6.042M	11.9%	$16.22	$10.79	—	COM UT LTD PTN	29273V100
SPY	SPDR S&P 500 ETF TR	9,952	$5.416M	10.7%	$544.22	$396.68	+37.2%	TR UNIT	78462F103
USAI	PACER FDS TR	95,765	$3.177M	6.3%	$33.17	$27.71	+19.7%	AMERCN ENRGY IND	69374H634
LNG	CHENIERE ENERGY INC	17,609	$3.079M	6.1%	$174.83	$68.23	+156.2%	COM NEW	16411R208
OKE	ONEOK INC NEW	36,690	$2.992M	5.9%	$81.55 *	$40.04	+89.2%	COM	682680103
TRGP	TARGA RES CORP	22,870	$2.945M	5.8%	$128.78 *	$33.68	+270.3%	COM	87612G101
WMB	WILLIAMS COS INC	68,265	$2.901M	5.7%	$42.50 *	$18.33	+119.8%	COM	969457100
EPD	ENTERPRISE PRODS PARTNERS L	70,838	$2.053M	4.1%	$28.98	$26.90	—	COM	293792107
BRK/B	BERKSHIRE HATHAWAY INC DEL	4,918	$2.001M	4.0%	$406.80	$165.93	+145.2%	CL B NEW	084670702
ENB	ENBRIDGE INC	38,674	$1.376M	2.7%	$35.59 *	$24.97	+30.2%	COM	29250N105
TRP	TC ENERGY CORP	29,564	$1.12M	2.2%	$37.90 *	$33.12	+8.7%	COM	87807B107
KMI	KINDER MORGAN INC DEL	48,435	$962K	1.9%	$19.87 *	$12.50	+48.5%	COM	49456B101
PBA	PEMBINA PIPELINE CORP	25,590	$949K	1.9%	$37.08 *	$25.35	+39.0%	COM	706327103
WES	WESTERN MIDSTREAM PARTNERS L	23,225	$923K	1.8%	$39.73	$32.48	—	COM UNIT LP INT	958669103
—	ENLINK MIDSTREAM Llc	65,275	$898K	1.8%	$13.76	$11.82	—	COM UNIT REP LTD	29336T100
KNTK	KINETIK HOLDINGS INC	20,890	$866K	1.7%	$41.44	$34.60	+19.8%	COM NEW CL A	02215L209
RSG	REPUBLIC SERVICES INC	4,451	$865K	1.7%	$194.34	$47.77	+299.2%	COM	760759100
MPLX	MPLX LP	16,610	$707K	1.4%	$42.59	$35.56	—	COM UNIT REP LTD	55336V100
WM	WASTE MANAGEMENT INC DEL	3,222	$687K	1.4%	$213.34 *	$59.33	+251.9%	COM	94106L109
LMT	LOCKHEED MARTIN CORP	1,350	$631K	1.2%	$467.10 *	$207.71	+115.9%	COM	539830109
ADP	AUTOMATIC DATA PROCESSING IN	2,301	$549K	1.1%	$238.69 *	$85.94	+169.0%	COM	053015103
XLP	SELECT SECTOR SPDR TR	6,300	$482K	1.0%	$76.58	$65.79	+16.4%	SBI CONS STPLS	81369Y308
MCD	MCDONALDS CORP	1,675	$427K	0.8%	$254.84 *	$115.23	+113.6%	COM	580135101
PAGP	PLAINS GP HLDGS L P	20,603	$388K	0.8%	$18.82	$21.99	—	LTDNPARTNR INT A	72651A207
ECL	ECOLAB INC	1,388	$330K	0.7%	$238.00	$176.78	+32.6%	COM	278865100
PEP	PEPSICO INC	1,988	$328K	0.6%	$164.93 *	$86.54	+80.3%	COM	713448108
MRK	MERCK & CO INC	2,247	$278K	0.5%	$123.80 *	$97.13	+21.1%	COM	58933Y105
KO	COCA COLA CO	4,326	$275K	0.5%	$63.65 *	$35.53	+71.5%	COM	191216100
MKC	MCCORMICK & CO INC	3,866	$274K	0.5%	$70.94 *	$63.71	+6.7%	COM NON VTG	579780206
QSR	RESTAURANT BRANDS INTL INC	3,414	$240K	0.5%	$70.37	$57.13	+23.2%	COM	76131D103
LW	LAMB WESTON HLDGS INC	2,516	$212K	0.4%	$84.08 *	$63.22	+28.3%	COM	513272104