SL ADVISORS, LLC Long-Term Concentrated

Location: Naples, FL

CIK: 0001680365 · Show all filings

Period: Q1 2026 (← Previous) (Next →)

Filing Date: Apr 15, 2026

Total Value: $59.07M (100.0% shares, 0.0% debt)

Holdings (32)

ET ENERGY TRANSFER LP 13.9%

Value $8.202M Shares 424,978 Share Price $19.30 Est. Cost/Share $11.77 Unrealized @ Report Date —

NEXT NEXTDECADE 12.8%

Value $7.56M Shares 986,992 Share Price $7.66 Est. Cost/Share $5.29 Unrealized @ Report Date +44.7%

LNG CHENIERE ENERGY INC 8.4%

Value $4.968M Shares 17,506 Share Price $283.76 Est. Cost/Share $73.91 Unrealized @ Report Date +283.9%

WMB WILLIAMS COMPANIES 8.1%

Value $4.783M Shares 65,722 Share Price $72.78 Est. Cost/Share $18.91 Unrealized @ Report Date +284.9%

USAI PACER AMERN ENERGY INDEPENDENCE ETF 7.6%

Value $4.506M Shares 95,895 Share Price $46.99 Est. Cost/Share $29.04 Unrealized @ Report Date +61.8%

TRGP TARGA RESOURCES CORP 7.4%

Value $4.372M Shares 17,438 Share Price $250.73 Est. Cost/Share $37.65 Unrealized @ Report Date +566.0%

OKE ONEOK INC 6.0%

Value $3.525M Shares 38,995 Share Price $90.39 Est. Cost/Share $51.97 Unrealized @ Report Date +73.9%

EPD ENTERPRISE PRODS PART LP 4.6%

Value $2.715M Shares 71,745 Share Price $37.84 Est. Cost/Share $27.02 Unrealized @ Report Date —

BRK/B BERKSHIRE HATHAWAY 2.9%

Value $1.719M Shares 3,588 Share Price $479.20 Est. Cost/Share $207.94 Unrealized @ Report Date +130.5%

KNTK KINETIK HOLDINGS 2.9%

Value $1.704M Shares 35,197 Share Price $48.41 Est. Cost/Share $35.51 Unrealized @ Report Date +36.3%

TRP TC ENERGY CORP F 2.6%

Value $1.548M Shares 24,735 Share Price $62.60 Est. Cost/Share $33.29 Unrealized @ Report Date +88.0%

ENB ENBRIDGE INC F 2.6%

Value $1.519M Shares 28,066 Share Price $54.14 Est. Cost/Share $24.97 Unrealized @ Report Date +116.8%

SPY SPDR S&P 500 ETF 2.4%

Value $1.396M Shares 2,147 Share Price $650.34 Est. Cost/Share $396.68 Unrealized @ Report Date +63.9%

KMI KINDER MORGAN INC 2.0%

Value $1.169M Shares 34,854 Share Price $33.53 Est. Cost/Share $12.50 Unrealized @ Report Date +168.3%

MPLX MPLX, LP 1.7%

Value $983K Shares 17,229 Share Price $57.07 Est. Cost/Share $36.20 Unrealized @ Report Date —

WES WESTERN MIDSTREAM PAR LP 1.6%

Value $972K Shares 23,602 Share Price $41.17 Est. Cost/Share $32.81 Unrealized @ Report Date —

PBA PEMBINA PIPELINE CO F 1.5%

Value $908K Shares 20,294 Share Price $44.76 Est. Cost/Share $25.79 Unrealized @ Report Date +73.6%

RSG REPUBLIC SERVICES 1.4%

Value $852K Shares 3,892 Share Price $219.02 Est. Cost/Share $47.77 Unrealized @ Report Date +358.5%

RTX RAYTHEON TECHNOLOGIES CO 1.4%

Value $839K Shares 4,347 Share Price $192.90 Est. Cost/Share $131.75 Unrealized @ Report Date +46.4%

SOBO SOUTH BOW CORP F 1.2%

Value $710K Shares 21,318 Share Price $33.32 Est. Cost/Share $27.16 Unrealized @ Report Date +22.7%

WM WASTE MANAGEMENT INC 1.1%

Value $643K Shares 2,797 Share Price $229.79 Est. Cost/Share $153.98 Unrealized @ Report Date +49.2%

LMT KINETIK HOLDINGS 0.7%

Value $438K Shares 724 Share Price $604.39 Est. Cost/Share $207.71 Unrealized @ Report Date +191.0%

MCD MCDONALDS CORP 0.7%

Value $427K Shares 1,373 Share Price $310.79 Est. Cost/Share $115.23 Unrealized @ Report Date +169.7%

XLP SPDR FUND CONSUMER STAPLES ETF 0.7%

Value $398K Shares 4,860 Share Price $81.98 Est. Cost/Share $65.79 Unrealized @ Report Date +24.6%

PAGP PLAINS GP HLDGS 0.6%

Value $378K Shares 15,565 Share Price $24.28 Est. Cost/Share $21.88 Unrealized @ Report Date —

ECL ECOLAB INC 0.6%

Value $338K Shares 1,269 Share Price $266.02 Est. Cost/Share $176.78 Unrealized @ Report Date +50.5%

KO THE COCA-COLA CO 0.5%

Value $268K Shares 3,529 Share Price $76.05 Est. Cost/Share $38.13 Unrealized @ Report Date +99.4%

JNJ JOHNSON & JOHNSON 0.4%

Value $263K Shares 1,074 Share Price $244.44 Est. Cost/Share $169.51 Unrealized @ Report Date +44.2%

ADP AUTO DATA PROCESSING 0.4%

Value $260K Shares 1,282 Share Price $203.18 Est. Cost/Share $85.94 Unrealized @ Report Date +136.4%

HSY HERSHEY CO 0.4%

Value $250K Shares 1,204 Share Price $207.89 Est. Cost/Share $186.05 Unrealized @ Report Date +11.7%

MRK MERCK & CO. INC. 0.4%

Value $240K Shares 1,992 Share Price $120.29 Est. Cost/Share $93.24 Unrealized @ Report Date +29.0%

PG PROCTER & GAMBLE 0.4%

Value $218K Shares 1,509 Share Price $144.44 Est. Cost/Share $164.23 Unrealized @ Report Date -12.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ET	ENERGY TRANSFER LP	424,978	$8.202M	13.9%	$19.30	$11.77	—	COM UT LTD PTN	29273V100
NEXT	NEXTDECADE	986,992	$7.56M	12.8%	$7.66	$5.29	+44.7%	COM	65342K105
LNG	CHENIERE ENERGY INC	17,506	$4.968M	8.4%	$283.76	$73.91	+283.9%	COM NEW	16411R208
WMB	WILLIAMS COMPANIES	65,722	$4.783M	8.1%	$72.78	$18.91	+284.9%	COM	969457100
USAI	PACER AMERN ENERGY INDEPENDENCE ETF	95,895	$4.506M	7.6%	$46.99	$29.04	+61.8%	COM	69374H634
TRGP	TARGA RESOURCES CORP	17,438	$4.372M	7.4%	$250.73	$37.65	+566.0%	COM NEW	87612G101
OKE	ONEOK INC	38,995	$3.525M	6.0%	$90.39	$51.97	+73.9%	COM	682680103
EPD	ENTERPRISE PRODS PART LP	71,745	$2.715M	4.6%	$37.84	$27.02	—	COM	293792107
BRK/B	BERKSHIRE HATHAWAY	3,588	$1.719M	2.9%	$479.20	$207.94	+130.5%	CL B NEW	084670702
KNTK	KINETIK HOLDINGS	35,197	$1.704M	2.9%	$48.41	$35.51	+36.3%	TR UNIT	02215L209
TRP	TC ENERGY CORP F	24,735	$1.548M	2.6%	$62.60	$33.29	+88.0%	COM	87807B107
ENB	ENBRIDGE INC F	28,066	$1.519M	2.6%	$54.14	$24.97	+116.8%	COM	29250N105
SPY	SPDR S&P 500 ETF	2,147	$1.396M	2.4%	$650.34	$396.68	+63.9%	COM	78462F103
KMI	KINDER MORGAN INC	34,854	$1.169M	2.0%	$33.53	$12.50	+168.3%	COM NEW CL A	49456B101
MPLX	MPLX, LP	17,229	$983K	1.7%	$57.07	$36.20	—	COM	55336V100
WES	WESTERN MIDSTREAM PAR LP	23,602	$972K	1.6%	$41.17	$32.81	—	COM UNIT LP INT	958669103
PBA	PEMBINA PIPELINE CO F	20,294	$908K	1.5%	$44.76	$25.79	+73.6%	COM UNIT REP LTD	706327103
RSG	REPUBLIC SERVICES	3,892	$852K	1.4%	$219.02	$47.77	+358.5%	COM	760759100
RTX	RAYTHEON TECHNOLOGIES CO	4,347	$839K	1.4%	$192.90	$131.75	+46.4%	COM	75513E101
SOBO	SOUTH BOW CORP F	21,318	$710K	1.2%	$33.32	$27.16	+22.7%	COM	83671M105
WM	WASTE MANAGEMENT INC	2,797	$643K	1.1%	$229.79	$153.98	+49.2%	COM	94106L109
LMT	KINETIK HOLDINGS	724	$438K	0.7%	$604.39	$207.71	+191.0%	COM	539830109
MCD	MCDONALDS CORP	1,373	$427K	0.7%	$310.79	$115.23	+169.7%	COM	580135101
XLP	SPDR FUND CONSUMER STAPLES ETF	4,860	$398K	0.7%	$81.98	$65.79	+24.6%	COM	81369Y308
PAGP	PLAINS GP HLDGS	15,565	$378K	0.6%	$24.28	$21.88	—	SBI CONS STPLS	72651A207
ECL	ECOLAB INC	1,269	$338K	0.6%	$266.02	$176.78	+50.5%	COM	278865100
KO	THE COCA-COLA CO	3,529	$268K	0.5%	$76.05	$38.13	+99.4%	COM	191216100
JNJ	JOHNSON & JOHNSON	1,074	$263K	0.4%	$244.44	$169.51	+44.2%	LTD PARTNR INT A	478160104
ADP	AUTO DATA PROCESSING	1,282	$260K	0.4%	$203.18	$85.94	+136.4%	COM	053015103
HSY	HERSHEY CO	1,204	$250K	0.4%	$207.89	$186.05	+11.7%	COM	427866108
MRK	MERCK & CO. INC.	1,992	$240K	0.4%	$120.29	$93.24	+29.0%	COM	58933Y105
PG	PROCTER & GAMBLE	1,509	$218K	0.4%	$144.44	$164.23	-12.1%	COM	742718109