SL ADVISORS, LLC Long-Term Concentrated

Location: Naples, FL

CIK: 0001680365 · Show all filings

Period: Q2 2026 (← Previous) (Next →)

Filing Date: Jul 10, 2026

Total Value: $57.16M (100.0% shares, 0.0% debt)

Holdings (32)

ET ENERGY TRANSFER LP 15.9%

Value $9.061M Shares 473,898 Share Price $19.12 Est. Cost/Share $12.53 Unrealized @ Report Date —

NEXT NEXTDECADE 10.9%

Value $6.223M Shares 825,378 Share Price $7.54 Est. Cost/Share $5.29 Unrealized @ Report Date +42.4%

WMB WILLIAMS COMPANIES 8.3%

Value $4.772M Shares 64,189 Share Price $74.34 Est. Cost/Share $18.91 Unrealized @ Report Date +293.2%

TRGP TARGA RESOURCES CORP 8.1%

Value $4.651M Shares 17,346 Share Price $268.14 Est. Cost/Share $37.65 Unrealized @ Report Date +612.2%

USAI PACER AMERN ENERGY INDEPENDENCE ETF 7.6%

Value $4.358M Shares 95,782 Share Price $45.50 Est. Cost/Share $29.04 Unrealized @ Report Date +56.7%

LNG CHENIERE ENERGY INC 7.3%

Value $4.165M Shares 17,425 Share Price $239.01 Est. Cost/Share $73.91 Unrealized @ Report Date +223.4%

OKE ONEOK INC 5.8%

Value $3.314M Shares 38,114 Share Price $86.94 Est. Cost/Share $51.97 Unrealized @ Report Date +67.3%

EPD ENTERPRISE PRODS PART LP 4.6%

Value $2.623M Shares 71,351 Share Price $36.76 Est. Cost/Share $27.02 Unrealized @ Report Date —

KNTK KINETIK HOLDINGS 3.0%

Value $1.691M Shares 34,972 Share Price $48.34 Est. Cost/Share $35.51 Unrealized @ Report Date +36.1%

BRK/B BERKSHIRE HATHAWAY CLASS B 2.9%

Value $1.65M Shares 3,298 Share Price $500.39 Est. Cost/Share $207.94 Unrealized @ Report Date +140.6%

TRP TC ENERGY CORP F 2.8%

Value $1.628M Shares 24,562 Share Price $66.29 Est. Cost/Share $33.29 Unrealized @ Report Date +99.1%

ENB ENBRIDGE INC F 2.6%

Value $1.512M Shares 27,898 Share Price $54.21 Est. Cost/Share $24.97 Unrealized @ Report Date +117.1%

SPY SPDR S&P 500 ETF 2.5%

Value $1.454M Shares 1,947 Share Price $746.77 Est. Cost/Share $396.68 Unrealized @ Report Date +88.3%

KMI KINDER MORGAN INC 1.9%

Value $1.113M Shares 34,805 Share Price $31.97 Est. Cost/Share $12.50 Unrealized @ Report Date +155.8%

WES WESTERN MIDSTREAM PAR LP 1.8%

Value $1.027M Shares 23,466 Share Price $43.76 Est. Cost/Share $32.81 Unrealized @ Report Date —

MPLX MPLX, LP 1.7%

Value $964K Shares 17,116 Share Price $56.33 Est. Cost/Share $36.20 Unrealized @ Report Date —

PBA PEMBINA PIPELINE CO F 1.6%

Value $932K Shares 20,161 Share Price $46.25 Est. Cost/Share $25.79 Unrealized @ Report Date +79.3%

RTX RAYTHEON TECHNOLOGIES CO 1.3%

Value $762K Shares 4,016 Share Price $189.73 Est. Cost/Share $131.75 Unrealized @ Report Date +44.0%

SOBO SOUTH BOW CORP F 1.3%

Value $748K Shares 21,224 Share Price $35.24 Est. Cost/Share $27.16 Unrealized @ Report Date +29.7%

RSG REPUBLIC SERVICES 1.1%

Value $623K Shares 2,922 Share Price $213.08 Est. Cost/Share $47.77 Unrealized @ Report Date +346.0%

WM WASTE MANAGEMENT INC 0.9%

Value $543K Shares 2,435 Share Price $222.88 Est. Cost/Share $153.98 Unrealized @ Report Date +44.7%

LMT KINETIK HOLDINGS 0.7%

Value $413K Shares 811 Share Price $509.46 Est. Cost/Share $243.42 Unrealized @ Report Date +109.3%

XLP SPDR FUND CONSUMER STAPLES ETF 0.7%

Value $404K Shares 4,862 Share Price $83.07 Est. Cost/Share $65.79 Unrealized @ Report Date +26.3%

PAGP PLAINS GP HLDGS 0.7%

Value $375K Shares 15,450 Share Price $24.27 Est. Cost/Share $21.88 Unrealized @ Report Date —

ECL ECOLAB INC 0.6%

Value $354K Shares 1,269 Share Price $278.61 Est. Cost/Share $176.78 Unrealized @ Report Date +57.6%

MCD MCDONALDS CORP 0.6%

Value $315K Shares 1,165 Share Price $270.31 Est. Cost/Share $115.23 Unrealized @ Report Date +134.6%

JNJ JOHNSON & JOHNSON 0.5%

Value $273K Shares 1,074 Share Price $253.97 Est. Cost/Share $169.51 Unrealized @ Report Date +49.8%

ADP AUTO DATA PROCESSING 0.5%

Value $266K Shares 1,186 Share Price $223.95 Est. Cost/Share $85.94 Unrealized @ Report Date +160.6%

KO THE COCA-COLA CO 0.5%

Value $261K Shares 3,209 Share Price $81.27 Est. Cost/Share $38.13 Unrealized @ Report Date +113.1%

MRK MERCK & CO. INC. 0.4%

Value $256K Shares 1,992 Share Price $128.50 Est. Cost/Share $93.24 Unrealized @ Report Date +37.8%

PG PROCTER & GAMBLE 0.4%

Value $221K Shares 1,509 Share Price $146.64 Est. Cost/Share $164.23 Unrealized @ Report Date -10.7%

HSY HERSHEY CO 0.4%

Value $211K Shares 1,204 Share Price $175.45 Est. Cost/Share $186.05 Unrealized @ Report Date -5.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ET	ENERGY TRANSFER LP	473,898	$9.061M	15.9%	$19.12	$12.53	—	COM UT LTD PTN	29273V100
NEXT	NEXTDECADE	825,378	$6.223M	10.9%	$7.54	$5.29	+42.4%	COM	65342K105
WMB	WILLIAMS COMPANIES	64,189	$4.772M	8.3%	$74.34	$18.91	+293.2%	COM	969457100
TRGP	TARGA RESOURCES CORP	17,346	$4.651M	8.1%	$268.14	$37.65	+612.2%	COM NEW	87612G101
USAI	PACER AMERN ENERGY INDEPENDENCE ETF	95,782	$4.358M	7.6%	$45.50	$29.04	+56.7%	COM	69374H634
LNG	CHENIERE ENERGY INC	17,425	$4.165M	7.3%	$239.01	$73.91	+223.4%	COM NEW	16411R208
OKE	ONEOK INC	38,114	$3.314M	5.8%	$86.94	$51.97	+67.3%	COM	682680103
EPD	ENTERPRISE PRODS PART LP	71,351	$2.623M	4.6%	$36.76	$27.02	—	COM	293792107
KNTK	KINETIK HOLDINGS	34,972	$1.691M	3.0%	$48.34	$35.51	+36.1%	TR UNIT	02215L209
BRK/B	BERKSHIRE HATHAWAY CLASS B	3,298	$1.65M	2.9%	$500.39	$207.94	+140.6%	CL B NEW	084670702
TRP	TC ENERGY CORP F	24,562	$1.628M	2.8%	$66.29	$33.29	+99.1%	COM	87807B107
ENB	ENBRIDGE INC F	27,898	$1.512M	2.6%	$54.21	$24.97	+117.1%	COM	29250N105
SPY	SPDR S&P 500 ETF	1,947	$1.454M	2.5%	$746.77	$396.68	+88.3%	COM	78462F103
KMI	KINDER MORGAN INC	34,805	$1.113M	1.9%	$31.97	$12.50	+155.8%	COM NEW CL A	49456B101
WES	WESTERN MIDSTREAM PAR LP	23,466	$1.027M	1.8%	$43.76	$32.81	—	COM UNIT LP INT	958669103
MPLX	MPLX, LP	17,116	$964K	1.7%	$56.33	$36.20	—	COM	55336V100
PBA	PEMBINA PIPELINE CO F	20,161	$932K	1.6%	$46.25	$25.79	+79.3%	COM UNIT REP LTD	706327103
RTX	RAYTHEON TECHNOLOGIES CO	4,016	$762K	1.3%	$189.73	$131.75	+44.0%	COM	75513E101
SOBO	SOUTH BOW CORP F	21,224	$748K	1.3%	$35.24	$27.16	+29.7%	COM	83671M105
RSG	REPUBLIC SERVICES	2,922	$623K	1.1%	$213.08	$47.77	+346.0%	COM	760759100
WM	WASTE MANAGEMENT INC	2,435	$543K	0.9%	$222.88	$153.98	+44.7%	COM	94106L109
LMT	KINETIK HOLDINGS	811	$413K	0.7%	$509.46	$243.42	+109.3%	COM	539830109
XLP	SPDR FUND CONSUMER STAPLES ETF	4,862	$404K	0.7%	$83.07	$65.79	+26.3%	COM	81369Y308
PAGP	PLAINS GP HLDGS	15,450	$375K	0.7%	$24.27	$21.88	—	SBI CONS STPLS	72651A207
ECL	ECOLAB INC	1,269	$354K	0.6%	$278.61	$176.78	+57.6%	COM	278865100
MCD	MCDONALDS CORP	1,165	$315K	0.6%	$270.31	$115.23	+134.6%	COM	580135101
JNJ	JOHNSON & JOHNSON	1,074	$273K	0.5%	$253.97	$169.51	+49.8%	LTD PARTNR INT A	478160104
ADP	AUTO DATA PROCESSING	1,186	$266K	0.5%	$223.95	$85.94	+160.6%	COM	053015103
KO	THE COCA-COLA CO	3,209	$261K	0.5%	$81.27	$38.13	+113.1%	COM	191216100
MRK	MERCK & CO. INC.	1,992	$256K	0.4%	$128.50	$93.24	+37.8%	COM	58933Y105
PG	PROCTER & GAMBLE	1,509	$221K	0.4%	$146.64	$164.23	-10.7%	COM	742718109
HSY	HERSHEY CO	1,204	$211K	0.4%	$175.45	$186.05	-5.7%	COM	427866108