SL ADVISORS, LLC Long-Term Concentrated

Location: Naples, FL

CIK: 0001680365 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: Apr 15, 2026

Total Value: $57.17M (100.0% shares, 0.0% debt)

Holdings (31)

ET ENERGY TRANSFER LP 12.3%

Value $7.043M Shares 378,868 Share Price $18.59 Est. Cost/Share $10.88 Unrealized @ Report Date —

NEXT NEXTDECADE 11.9%

Value $6.798M Shares 873,779 Share Price $7.78 Est. Cost/Share $5.02 Unrealized @ Report Date +55.0%

OKE ONEOK INC 8.1%

Value $4.637M Shares 46,733 Share Price $99.22 * Est. Cost/Share $51.97 Unrealized @ Report Date +83.3%

LNG CHENIERE ENERGY INC 7.4%

Value $4.214M Shares 18,209 Share Price $231.40 Est. Cost/Share $71.91 Unrealized @ Report Date +221.8%

WMB WILLIAMS COMPANIES 7.2%

Value $4.12M Shares 68,949 Share Price $59.76 * Est. Cost/Share $18.91 Unrealized @ Report Date +208.3%

USAI PACER AMERN ENERGY INDEPENDENCE ETF 6.7%

Value $3.836M Shares 93,315 Share Price $41.11 Est. Cost/Share $27.71 Unrealized @ Report Date +48.3%

TRGP TARGA RESOURCES CORP 6.5%

Value $3.725M Shares 18,581 Share Price $200.47 Est. Cost/Share $37.65 Unrealized @ Report Date +422.8%

BRK/B BERKSHIRE HATHAWAY CLASS B 4.5%

Value $2.56M Shares 4,806 Share Price $532.58 Est. Cost/Share $165.93 Unrealized @ Report Date +221.0%

EPD ENTERPRISE PRODS PART LP 4.4%

Value $2.494M Shares 73,064 Share Price $34.14 Est. Cost/Share $26.97 Unrealized @ Report Date —

ENB ENBRIDGE INC F 2.9%

Value $1.641M Shares 37,044 Share Price $44.31 * Est. Cost/Share $24.97 Unrealized @ Report Date +70.0%

TRP TC ENERGY CORP F 2.5%

Value $1.409M Shares 29,849 Share Price $47.21 Est. Cost/Share $33.29 Unrealized @ Report Date +40.0%

NFE New Fortress Energy 2.4%

Value $1.378M Shares 165,799 Share Price $8.31 * Est. Cost/Share $0.23 Unrealized @ Report Date -28.0%

KMI KINDER MORGAN INC 2.4%

Value $1.354M Shares 47,472 Share Price $28.53 * Est. Cost/Share $12.50 Unrealized @ Report Date +121.0%

WM WASTE MANAGEMENT INC 2.3%

Value $1.321M Shares 7,718 Share Price $171.17 * Est. Cost/Share $153.98 Unrealized @ Report Date +48.7%

SPY SPDR S&P 500 ETF 2.1%

Value $1.199M Shares 2,144 Share Price $559.39 Est. Cost/Share $396.68 Unrealized @ Report Date +41.0%

KNTK KINETIK HOLDINGS 2.0%

Value $1.139M Shares 21,927 Share Price $51.94 Est. Cost/Share $35.01 Unrealized @ Report Date +48.4%

PBA PEMBINA PIPELINE CO F 1.9%

Value $1.064M Shares 26,577 Share Price $40.03 Est. Cost/Share $25.79 Unrealized @ Report Date +53.1%

RSG REPUBLIC SERVICES 1.8%

Value $1.012M Shares 4,177 Share Price $242.16 Est. Cost/Share $47.77 Unrealized @ Report Date +401.6%

WES WESTERN MIDSTREAM PAR LP 1.7%

Value $990K Shares 24,177 Share Price $40.96 Est. Cost/Share $32.71 Unrealized @ Report Date —

MPLX MPLX, LP 1.6%

Value $930K Shares 17,375 Share Price $53.52 Est. Cost/Share $35.96 Unrealized @ Report Date —

ADP AUTO DATA PROCESSING 1.2%

Value $667K Shares 2,184 Share Price $305.53 Est. Cost/Share $85.94 Unrealized @ Report Date +249.7%

LMT KINETIK HOLDINGS 1.0%

Value $552K Shares 1,235 Share Price $446.71 * Est. Cost/Share $207.71 Unrealized @ Report Date +110.4%

MCD MCDONALDS CORP 0.9%

Value $494K Shares 1,583 Share Price $312.37 Est. Cost/Share $115.23 Unrealized @ Report Date +166.4%

PAGP PLAINS GP HLDGS 0.8%

Value $455K Shares 21,282 Share Price $21.36 Est. Cost/Share $21.88 Unrealized @ Report Date —

XLP SPDR FUND CONSUMER STAPLES ETF 0.7%

Value $396K Shares 4,851 Share Price $81.66 Est. Cost/Share $65.79 Unrealized @ Report Date +24.1%

PG PROCTER & GAMBLE 0.6%

Value $361K Shares 2,120 Share Price $170.42 Est. Cost/Share $164.23 Unrealized @ Report Date +1.7%

ECL ECOLAB INC 0.6%

Value $327K Shares 1,288 Share Price $253.52 Est. Cost/Share $176.78 Unrealized @ Report Date +42.3%

KO THE COCA-COLA CO 0.5%

Value $277K Shares 3,872 Share Price $71.62 * Est. Cost/Share $35.53 Unrealized @ Report Date +97.2%

MKC MC CORMICK & CO INC 0.5%

Value $275K Shares 3,338 Share Price $82.31 * Est. Cost/Share $63.71 Unrealized @ Report Date +25.9%

HSY HERSHEY CO 0.5%

Value $268K Shares 1,567 Share Price $171.03 * Est. Cost/Share $186.05 Unrealized @ Report Date -10.2%

JNJ JOHNSON & JOHNSON 0.4%

Value $231K Shares 1,392 Share Price $165.84 * Est. Cost/Share $152.66 Unrealized @ Report Date +6.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ET	ENERGY TRANSFER LP	378,868	$7.043M	12.3%	$18.59	$10.88	—	COM	29273V100
NEXT	NEXTDECADE	873,779	$6.798M	11.9%	$7.78	$5.02	+55.0%	COM	65342K105
OKE	ONEOK INC	46,733	$4.637M	8.1%	$99.22 *	$51.97	+83.3%	COM	682680103
LNG	CHENIERE ENERGY INC	18,209	$4.214M	7.4%	$231.40	$71.91	+221.8%	COM NEW	16411R208
WMB	WILLIAMS COMPANIES	68,949	$4.12M	7.2%	$59.76 *	$18.91	+208.3%	COM	969457100
USAI	PACER AMERN ENERGY INDEPENDENCE ETF	93,315	$3.836M	6.7%	$41.11	$27.71	+48.3%	COM	69374H634
TRGP	TARGA RESOURCES CORP	18,581	$3.725M	6.5%	$200.47	$37.65	+422.8%	COM	87612G101
BRK/B	BERKSHIRE HATHAWAY CLASS B	4,806	$2.56M	4.5%	$532.58	$165.93	+221.0%	CL B NEW	084670702
EPD	ENTERPRISE PRODS PART LP	73,064	$2.494M	4.4%	$34.14	$26.97	—	COM	293792107
ENB	ENBRIDGE INC F	37,044	$1.641M	2.9%	$44.31 *	$24.97	+70.0%	COM	29250N105
TRP	TC ENERGY CORP F	29,849	$1.409M	2.5%	$47.21	$33.29	+40.0%	COM	87807B107
NFE	New Fortress Energy	165,799	$1.378M	2.4%	$8.31 *	$0.23	-28.0%	COM	644393100
KMI	KINDER MORGAN INC	47,472	$1.354M	2.4%	$28.53 *	$12.50	+121.0%	COM	49456B101
WM	WASTE MANAGEMENT INC	7,718	$1.321M	2.3%	$171.17 *	$153.98	+48.7%	COM	94106L109
SPY	SPDR S&P 500 ETF	2,144	$1.199M	2.1%	$559.39	$396.68	+41.0%	TR UNIT	78462F103
KNTK	KINETIK HOLDINGS	21,927	$1.139M	2.0%	$51.94	$35.01	+48.4%	COM	02215L209
PBA	PEMBINA PIPELINE CO F	26,577	$1.064M	1.9%	$40.03	$25.79	+53.1%	COM	706327103
RSG	REPUBLIC SERVICES	4,177	$1.012M	1.8%	$242.16	$47.77	+401.6%	COM	760759100
WES	WESTERN MIDSTREAM PAR LP	24,177	$990K	1.7%	$40.96	$32.71	—	COM UNIT LP INT	958669103
MPLX	MPLX, LP	17,375	$930K	1.6%	$53.52	$35.96	—	COM	55336V100
ADP	AUTO DATA PROCESSING	2,184	$667K	1.2%	$305.53	$85.94	+249.7%	COM	053015103
LMT	KINETIK HOLDINGS	1,235	$552K	1.0%	$446.71 *	$207.71	+110.4%	COM	539830109
MCD	MCDONALDS CORP	1,583	$494K	0.9%	$312.37	$115.23	+166.4%	COM	580135101
PAGP	PLAINS GP HLDGS	21,282	$455K	0.8%	$21.36	$21.88	—	LTD PARTNR INT A	72651A207
XLP	SPDR FUND CONSUMER STAPLES ETF	4,851	$396K	0.7%	$81.66	$65.79	+24.1%	COM	81369Y308
PG	PROCTER & GAMBLE	2,120	$361K	0.6%	$170.42	$164.23	+1.7%	COM	742718109
ECL	ECOLAB INC	1,288	$327K	0.6%	$253.52	$176.78	+42.3%	COM	278865100
KO	THE COCA-COLA CO	3,872	$277K	0.5%	$71.62 *	$35.53	+97.2%	COM	191216100
MKC	MC CORMICK & CO INC	3,338	$275K	0.5%	$82.31 *	$63.71	+25.9%	COM NON VTG	579780206
HSY	HERSHEY CO	1,567	$268K	0.5%	$171.03 *	$186.05	-10.2%	COM	427866108
JNJ	JOHNSON & JOHNSON	1,392	$231K	0.4%	$165.84 *	$152.66	+6.3%	COM	478160104