SL ADVISORS, LLC Long-Term Concentrated

Location: Naples, FL

CIK: 0001680365 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Apr 15, 2026

Total Value: $60.47M (100.0% shares, 0.0% debt)

Holdings (35)

ET ENERGY TRANSFER LP 12.3%

Value $7.422M Shares 378,868 Share Price $19.59 Est. Cost/Share $10.88 Unrealized @ Report Date —

NEXT NEXTDECADE 10.9%

Value $6.581M Shares 853,529 Share Price $7.71 Est. Cost/Share $4.95 Unrealized @ Report Date +55.8%

SPY SPDR S&P 500 ETF 9.7%

Value $5.843M Shares 9,969 Share Price $586.08 Est. Cost/Share $396.68 Unrealized @ Report Date +47.7%

TRGP TARGA RESOURCES CORP 7.0%

Value $4.228M Shares 23,686 Share Price $178.50 * Est. Cost/Share $37.65 Unrealized @ Report Date +363.8%

LNG CHENIERE ENERGY INC 6.5%

Value $3.913M Shares 18,209 Share Price $214.87 Est. Cost/Share $71.91 Unrealized @ Report Date +198.8%

USAI PACER AMERN ENERGY INDEPENDENCE ETF 6.4%

Value $3.843M Shares 96,615 Share Price $39.78 Est. Cost/Share $27.71 Unrealized @ Report Date +43.5%

OKE ONEOK INC 6.2%

Value $3.755M Shares 37,405 Share Price $100.40 * Est. Cost/Share $41.25 Unrealized @ Report Date +131.2%

WMB WILLIAMS COMPANIES 6.2%

Value $3.746M Shares 69,209 Share Price $54.12 * Est. Cost/Share $18.91 Unrealized @ Report Date +176.7%

EPD ENTERPRISE PRODS PART LP 3.8%

Value $2.291M Shares 73,064 Share Price $31.36 Est. Cost/Share $26.97 Unrealized @ Report Date —

BRK/B BERKSHIRE HATHAWAY CLASS B 3.7%

Value $2.214M Shares 4,884 Share Price $453.28 Est. Cost/Share $165.93 Unrealized @ Report Date +173.2%

ENB ENBRIDGE INC F 2.6%

Value $1.586M Shares 37,368 Share Price $42.43 * Est. Cost/Share $24.97 Unrealized @ Report Date +60.4%

TRP TC ENERGY CORP F 2.3%

Value $1.396M Shares 30,011 Share Price $46.53 * Est. Cost/Share $33.29 Unrealized @ Report Date +36.3%

KMI KINDER MORGAN INC 2.2%

Value $1.312M Shares 47,881 Share Price $27.40 * Est. Cost/Share $12.50 Unrealized @ Report Date +110.0%

KNTK KINETIK HOLDINGS 2.1%

Value $1.243M Shares 21,927 Share Price $56.71 Est. Cost/Share $35.01 Unrealized @ Report Date +62.0%

NFE New Fortress Energy 1.7%

Value $1M Shares 66,143 Share Price $15.12 * Est. Cost/Share $0.21 Unrealized @ Report Date +45.9%

PBA PEMBINA PIPELINE CO F 1.6%

Value $982K Shares 26,577 Share Price $36.95 * Est. Cost/Share $25.79 Unrealized @ Report Date +39.6%

— ENLINK MIDSTREAM L L LP 1.6%

Value $952K Shares 67,260 Share Price $14.15 Est. Cost/Share $11.90 Unrealized @ Report Date —

WES WESTERN MIDSTREAM PAR LP 1.5%

Value $929K Shares 24,177 Share Price $38.43 Est. Cost/Share $32.71 Unrealized @ Report Date —

RSG REPUBLIC SERVICES 1.4%

Value $869K Shares 4,320 Share Price $201.18 Est. Cost/Share $47.77 Unrealized @ Report Date +315.5%

MPLX MPLX, LP 1.4%

Value $832K Shares 17,375 Share Price $47.86 Est. Cost/Share $35.96 Unrealized @ Report Date —

ADP AUTO DATA PROCESSING 1.1%

Value $657K Shares 2,246 Share Price $292.73 * Est. Cost/Share $85.94 Unrealized @ Report Date +233.3%

LMT KINETIK HOLDINGS 1.1%

Value $641K Shares 1,320 Share Price $485.94 * Est. Cost/Share $207.71 Unrealized @ Report Date +127.3%

WM WASTE MANAGEMENT INC 1.0%

Value $631K Shares 3,125 Share Price $201.79 Est. Cost/Share $59.33 Unrealized @ Report Date +235.1%

MCD MCDONALDS CORP 0.8%

Value $474K Shares 1,634 Share Price $289.89 * Est. Cost/Share $115.23 Unrealized @ Report Date +145.8%

PAGP PLAINS GP HLDGS 0.6%

Value $391K Shares 21,282 Share Price $18.38 Est. Cost/Share $21.88 Unrealized @ Report Date —

XLP SPDR FUND CONSUMER STAPLES ETF 0.6%

Value $381K Shares 4,849 Share Price $78.61 Est. Cost/Share $65.79 Unrealized @ Report Date +19.5%

PG PROCTER & GAMBLE 0.6%

Value $365K Shares 2,179 Share Price $167.65 * Est. Cost/Share $164.23 Unrealized @ Report Date -0.5%

ECL ECOLAB INC 0.5%

Value $315K Shares 1,344 Share Price $234.32 Est. Cost/Share $176.78 Unrealized @ Report Date +31.2%

HSY HERSHEY CO 0.5%

Value $275K Shares 1,626 Share Price $169.35 * Est. Cost/Share $186.05 Unrealized @ Report Date -11.9%

MKC MC CORMICK & CO INC 0.4%

Value $272K Shares 3,566 Share Price $76.24 * Est. Cost/Share $63.71 Unrealized @ Report Date +16.6%

KO THE COCA-COLA CO 0.4%

Value $249K Shares 3,995 Share Price $62.26 * Est. Cost/Share $35.53 Unrealized @ Report Date +70.2%

JNJ JOHNSON & JOHNSON 0.4%

Value $237K Shares 1,638 Share Price $144.62 * Est. Cost/Share $152.66 Unrealized @ Report Date -8.1%

PEP PEPSICO INC 0.4%

Value $226K Shares 1,489 Share Price $152.06 * Est. Cost/Share $86.54 Unrealized @ Report Date +69.0%

QSR RESTAURANT BRANDS F 0.3%

Value $211K Shares 3,242 Share Price $65.18 Est. Cost/Share $57.13 Unrealized @ Report Date +14.1%

MRK MERCK & CO. INC. 0.3%

Value $209K Shares 2,105 Share Price $99.48 * Est. Cost/Share $97.13 Unrealized @ Report Date -1.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ET	ENERGY TRANSFER LP	378,868	$7.422M	12.3%	$19.59	$10.88	—	COM	29273V100
NEXT	NEXTDECADE	853,529	$6.581M	10.9%	$7.71	$4.95	+55.8%	COM	65342K105
SPY	SPDR S&P 500 ETF	9,969	$5.843M	9.7%	$586.08	$396.68	+47.7%	COM	78462F103
TRGP	TARGA RESOURCES CORP	23,686	$4.228M	7.0%	$178.50 *	$37.65	+363.8%	COM	87612G101
LNG	CHENIERE ENERGY INC	18,209	$3.913M	6.5%	$214.87	$71.91	+198.8%	COM	16411R208
USAI	PACER AMERN ENERGY INDEPENDENCE ETF	96,615	$3.843M	6.4%	$39.78	$27.71	+43.5%	COM	69374H634
OKE	ONEOK INC	37,405	$3.755M	6.2%	$100.40 *	$41.25	+131.2%	COM	682680103
WMB	WILLIAMS COMPANIES	69,209	$3.746M	6.2%	$54.12 *	$18.91	+176.7%	COM	969457100
EPD	ENTERPRISE PRODS PART LP	73,064	$2.291M	3.8%	$31.36	$26.97	—	COM	293792107
BRK/B	BERKSHIRE HATHAWAY CLASS B	4,884	$2.214M	3.7%	$453.28	$165.93	+173.2%	COM	084670702
ENB	ENBRIDGE INC F	37,368	$1.586M	2.6%	$42.43 *	$24.97	+60.4%	COM	29250N105
TRP	TC ENERGY CORP F	30,011	$1.396M	2.3%	$46.53 *	$33.29	+36.3%	COM	87807B107
KMI	KINDER MORGAN INC	47,881	$1.312M	2.2%	$27.40 *	$12.50	+110.0%	COM	49456B101
KNTK	KINETIK HOLDINGS	21,927	$1.243M	2.1%	$56.71	$35.01	+62.0%	COM	02215L209
NFE	New Fortress Energy	66,143	$1M	1.7%	$15.12 *	$0.21	+45.9%	COM	644393100
PBA	PEMBINA PIPELINE CO F	26,577	$982K	1.6%	$36.95 *	$25.79	+39.6%	COM	706327103
—	ENLINK MIDSTREAM L L LP	67,260	$952K	1.6%	$14.15	$11.90	—	COM	29336T100
WES	WESTERN MIDSTREAM PAR LP	24,177	$929K	1.5%	$38.43	$32.71	—	COM	958669103
RSG	REPUBLIC SERVICES	4,320	$869K	1.4%	$201.18	$47.77	+315.5%	COM	760759100
MPLX	MPLX, LP	17,375	$832K	1.4%	$47.86	$35.96	—	COM	55336V100
ADP	AUTO DATA PROCESSING	2,246	$657K	1.1%	$292.73 *	$85.94	+233.3%	COM	053015103
LMT	KINETIK HOLDINGS	1,320	$641K	1.1%	$485.94 *	$207.71	+127.3%	COM	539830109
WM	WASTE MANAGEMENT INC	3,125	$631K	1.0%	$201.79	$59.33	+235.1%	COM	94106L109
MCD	MCDONALDS CORP	1,634	$474K	0.8%	$289.89 *	$115.23	+145.8%	COM	580135101
PAGP	PLAINS GP HLDGS	21,282	$391K	0.6%	$18.38	$21.88	—	COM	72651A207
XLP	SPDR FUND CONSUMER STAPLES ETF	4,849	$381K	0.6%	$78.61	$65.79	+19.5%	COM	81369Y308
PG	PROCTER & GAMBLE	2,179	$365K	0.6%	$167.65 *	$164.23	-0.5%	COM	742718109
ECL	ECOLAB INC	1,344	$315K	0.5%	$234.32	$176.78	+31.2%	COM	278865100
HSY	HERSHEY CO	1,626	$275K	0.5%	$169.35 *	$186.05	-11.9%	COM	427866108
MKC	MC CORMICK & CO INC	3,566	$272K	0.4%	$76.24 *	$63.71	+16.6%	COM	579780206
KO	THE COCA-COLA CO	3,995	$249K	0.4%	$62.26 *	$35.53	+70.2%	COM	191216100
JNJ	JOHNSON & JOHNSON	1,638	$237K	0.4%	$144.62 *	$152.66	-8.1%	COM	478160104
PEP	PEPSICO INC	1,489	$226K	0.4%	$152.06 *	$86.54	+69.0%	COM	713448108
QSR	RESTAURANT BRANDS F	3,242	$211K	0.3%	$65.18	$57.13	+14.1%	COM	76131D103
MRK	MERCK & CO. INC.	2,105	$209K	0.3%	$99.48 *	$97.13	-1.3%	COM	58933Y105