SL ADVISORS, LLC Long-Term Concentrated

Name: SL ADVISORS, LLC Q2 2026 13F Filing | 13F Explorer
Creator: SL ADVISORS, LLC
Published: 2026-07-10

Location: Naples, FL

CIK: 0001680365 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Jul 10, 2026

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

Holdings (32)

Increased Positions (2)

ET ENERGY TRANSFER LP 15.9%

Value $9.061M (+10.5%) Shares 473,898 (+11.5%) Est. Cost $12.53 Unrealized —

LMT KINETIK HOLDINGS 0.7%

Value $413K (-5.6%) Shares 811 (+12.0%) Est. Cost $240.08 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ET	ENERGY TRANSFER LP	473,898 (+11.5%)	$9.061M (+10.5%)	15.9%	$12.53	—	COM UT LTD PTN	29273V100
LMT	KINETIK HOLDINGS	811 (+12.0%)	$413K (-5.6%)	0.7%	$240.08	—	COM	539830109

Decreased Positions (11)

NEXT NEXTDECADE 10.9%

Value $6.223M (-17.7%) Shares 825,378 (-16.4%) Est. Cost $5.26 Unrealized —

RSG REPUBLIC SERVICES 1.1%

Value $623K (-27.0%) Shares 2,922 (-24.9%) Est. Cost $47.77 Unrealized —

OKE ONEOK INC 5.8%

Value $3.314M (-6.0%) Shares 38,114 (-2.3%) Est. Cost $51.97 Unrealized —

MCD MCDONALDS CORP 0.6%

Value $315K (-26.2%) Shares 1,165 (-15.1%) Est. Cost $115.23 Unrealized —

WM WASTE MANAGEMENT INC 0.9%

Value $543K (-15.6%) Shares 2,435 (-12.9%) Est. Cost $153.98 Unrealized —

RTX RAYTHEON TECHNOLOGIES CO 1.3%

Value $762K (-9.1%) Shares 4,016 (-7.6%) Est. Cost $131.75 Unrealized —

BRK/B BERKSHIRE HATHAWAY CLASS B 2.9%

Value $1.65M (-4.0%) Shares 3,298 (-8.1%) Est. Cost $208.29 Unrealized —

SPY SPDR S&P 500 ETF 2.5%

Value $1.454M (+4.1%) Shares 1,947 (-9.3%) Est. Cost $399.90 Unrealized —

WMB WILLIAMS COMPANIES 8.3%

Value $4.772M (-0.2%) Shares 64,189 (-2.3%) Est. Cost $18.91 Unrealized —

KO THE COCA-COLA CO 0.5%

Value $261K (-2.8%) Shares 3,209 (-9.1%) Est. Cost $38.08 Unrealized —

ADP AUTO DATA PROCESSING 0.5%

Value $266K (+2.0%) Shares 1,186 (-7.5%) Est. Cost $85.94 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NEXT	NEXTDECADE	825,378 (-16.4%)	$6.223M (-17.7%)	10.9%	$5.26	—	COM	65342K105
RSG	REPUBLIC SERVICES	2,922 (-24.9%)	$623K (-27.0%)	1.1%	$47.77	—	COM	760759100
OKE	ONEOK INC	38,114 (-2.3%)	$3.314M (-6.0%)	5.8%	$51.97	—	COM	682680103
MCD	MCDONALDS CORP	1,165 (-15.1%)	$315K (-26.2%)	0.6%	$115.23	—	COM	580135101
WM	WASTE MANAGEMENT INC	2,435 (-12.9%)	$543K (-15.6%)	0.9%	$153.98	—	COM	94106L109
RTX	RAYTHEON TECHNOLOGIES CO	4,016 (-7.6%)	$762K (-9.1%)	1.3%	$131.75	—	COM	75513E101
BRK/B	BERKSHIRE HATHAWAY CLASS B	3,298 (-8.1%)	$1.65M (-4.0%)	2.9%	$208.29	—	CL B NEW	084670702
SPY	SPDR S&P 500 ETF	1,947 (-9.3%)	$1.454M (+4.1%)	2.5%	$399.90	—	COM	78462F103
WMB	WILLIAMS COMPANIES	64,189 (-2.3%)	$4.772M (-0.2%)	8.3%	$18.91	—	COM	969457100
KO	THE COCA-COLA CO	3,209 (-9.1%)	$261K (-2.8%)	0.5%	$38.08	—	COM	191216100
ADP	AUTO DATA PROCESSING	1,186 (-7.5%)	$266K (+2.0%)	0.5%	$85.94	—	COM	053015103

Unchanged Positions (19)

LNG CHENIERE ENERGY INC 7.3%

Value $4.165M Shares 17,425 Est. Cost $73.91 Unrealized —

TRGP TARGA RESOURCES CORP 8.1%

Value $4.651M Shares 17,346 Est. Cost $37.65 Unrealized —

USAI PACER AMERN ENERGY INDEPENDENCE ETF 7.6%

Value $4.358M Shares 95,782 Est. Cost $28.87 Unrealized —

EPD ENTERPRISE PRODS PART LP 4.6%

Value $2.623M Shares 71,351 Est. Cost $27.02 Unrealized —

TRP TC ENERGY CORP F 2.8%

Value $1.628M Shares 24,562 Est. Cost $33.29 Unrealized —

KMI KINDER MORGAN INC 1.9%

Value $1.113M Shares 34,805 Est. Cost $12.50 Unrealized —

WES WESTERN MIDSTREAM PAR LP 1.8%

Value $1.027M Shares 23,466 Est. Cost $32.81 Unrealized —

HSY HERSHEY CO 0.4%

Value $211K Shares 1,204 Est. Cost $186.05 Unrealized —

SOBO SOUTH BOW CORP F 1.3%

Value $748K Shares 21,224 Est. Cost $27.16 Unrealized —

PBA PEMBINA PIPELINE CO F 1.6%

Value $932K Shares 20,161 Est. Cost $25.79 Unrealized —

MPLX MPLX, LP 1.7%

Value $964K Shares 17,116 Est. Cost $36.20 Unrealized —

MRK MERCK & CO. INC. 0.4%

Value $256K Shares 1,992 Est. Cost $93.24 Unrealized —

ECL ECOLAB INC 0.6%

Value $354K Shares 1,269 Est. Cost $176.78 Unrealized —

KNTK KINETIK HOLDINGS 3.0%

Value $1.691M Shares 34,972 Est. Cost $35.51 Unrealized —

JNJ JOHNSON & JOHNSON 0.5%

Value $273K Shares 1,074 Est. Cost $169.51 Unrealized —

ENB ENBRIDGE INC F 2.6%

Value $1.512M Shares 27,898 Est. Cost $24.97 Unrealized —

XLP SPDR FUND CONSUMER STAPLES ETF 0.7%

Value $404K Shares 4,862 Est. Cost $67.29 Unrealized —

PG PROCTER & GAMBLE 0.4%

Value $221K Shares 1,509 Est. Cost $164.23 Unrealized —

PAGP PLAINS GP HLDGS 0.7%

Value $375K Shares 15,450 Est. Cost $21.88 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LNG	CHENIERE ENERGY INC	17,425	$4.165M	7.3%	$73.91	—	COM NEW	16411R208
TRGP	TARGA RESOURCES CORP	17,346	$4.651M	8.1%	$37.65	—	COM NEW	87612G101
USAI	PACER AMERN ENERGY INDEPENDENCE ETF	95,782	$4.358M	7.6%	$28.87	—	COM	69374H634
EPD	ENTERPRISE PRODS PART LP	71,351	$2.623M	4.6%	$27.02	—	COM	293792107
TRP	TC ENERGY CORP F	24,562	$1.628M	2.8%	$33.29	—	COM	87807B107
KMI	KINDER MORGAN INC	34,805	$1.113M	1.9%	$12.50	—	COM NEW CL A	49456B101
WES	WESTERN MIDSTREAM PAR LP	23,466	$1.027M	1.8%	$32.81	—	COM UNIT LP INT	958669103
HSY	HERSHEY CO	1,204	$211K	0.4%	$186.05	—	COM	427866108
SOBO	SOUTH BOW CORP F	21,224	$748K	1.3%	$27.16	—	COM	83671M105
PBA	PEMBINA PIPELINE CO F	20,161	$932K	1.6%	$25.79	—	COM UNIT REP LTD	706327103
MPLX	MPLX, LP	17,116	$964K	1.7%	$36.20	—	COM	55336V100
MRK	MERCK & CO. INC.	1,992	$256K	0.4%	$93.24	—	COM	58933Y105
ECL	ECOLAB INC	1,269	$354K	0.6%	$176.78	—	COM	278865100
KNTK	KINETIK HOLDINGS	34,972	$1.691M	3.0%	$35.51	—	TR UNIT	02215L209
JNJ	JOHNSON & JOHNSON	1,074	$273K	0.5%	$169.51	—	LTD PARTNR INT A	478160104
ENB	ENBRIDGE INC F	27,898	$1.512M	2.6%	$24.97	—	COM	29250N105
XLP	SPDR FUND CONSUMER STAPLES ETF	4,862	$404K	0.7%	$67.29	—	COM	81369Y308
PG	PROCTER & GAMBLE	1,509	$221K	0.4%	$164.23	—	COM	742718109
PAGP	PLAINS GP HLDGS	15,450	$375K	0.7%	$21.88	—	SBI CONS STPLS	72651A207