SL ADVISORS, LLC — 13F Holdings & Portfolio
CIK 1680365 · latest 13F-HR filed 2026-10-13
SL ADVISORS, LLC manages $51.2M in 13F-reported U.S. long-equity assets across 31 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are ET (17.32%), LNG (9.04%), TRGP (9.01%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 1 new position and exited 2; 3 existing positions rose in reported value and 14 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-10-13
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 75.1%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Feb 13, 2026.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| HOFFMAN, HENRY, MAXWELL Control | PARTNER since Jan 2014 | 25–50% | Individual |
| LACK, SIMON, ANTHONY Control | MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER since Mar 2009 | 50–75% | Individual |
Ownership & leadership changes · 3 filings with changes since Sep 22, 2014
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedKAMIN, DOUGLAS, ANDREW · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2015
- ChangedLACK, SIMON, ANTHONY · title MANAGING MEMBER → MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER
- No longer listedWESTON, LORI, ANN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Dec 2014
- AddedKAMIN, DOUGLAS, ANDREW · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- AddedWESTON, LORI, ANN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedLACK, SIMON, ANTHONY · title MANAGING MEMBER, CHIEF COMPLIANCE OFFICER → MANAGING MEMBER
- ListedHOFFMAN, HENRY, MAXWELL · PARTNER · 25–50% · control person
- ListedLACK, SIMON, ANTHONY · MANAGING MEMBER, CHIEF COMPLIANCE OFFICER · 50–75% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- CHENIERE ENERGY INC$469.3K +11.3%
- AUTO DATA PROCESSING$15.9K +6.0%
- MERCK & CO. INC.$13.3K +5.2%
Top Trims
- NEXTDECADE-$1.7M -27.0%
- WILLIAMS COMPANIES-$435.9K -9.1%
- TC ENERGY CORP F-$306.6K -18.8%
- ENBRIDGE INC F-$245.2K -16.2%
- KINDER MORGAN INC-$181.6K -16.3%
SL ADVISORS, LLC Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ENERGY TRANSFER LP | ET | 29273V100 | $8.9M | 17.32% | 448,898 | SH |
| 2 | CHENIERE ENERGY INC | LNG | 16411R208 | $4.6M | 9.04% | 17,225 | SH |
| 3 | TARGA RESOURCES CORP | TRGP | 87612G101 | $4.6M | 9.01% | 17,076 | SH |
| 4 | NEXTDECADE | NEXT | 65342K105 | $4.5M | 8.87% | 715,855 | SH |
| 5 | WILLIAMS COMPANIES | WMB | 969457100 | $4.3M | 8.46% | 63,791 | SH |
| 6 | PACER AMERN ENERGY INDEPENDENCE ETF | USAI | 69374H634 | $4.1M | 8.09% | 95,560 | SH |
| 7 | ENTERPRISE PRODS PART LP | EPD | 293792107 | $2.5M | 4.98% | 71,351 | SH |
| 8 | KINETIK HOLDINGS | KNTK | 02215L209 | $1.7M | 3.33% | 33,972 | SH |
| 9 | BERKSHIRE HATHAWAY CLASS B | BRK.B | 084670702 | $1.6M | 3.13% | 3,222 | SH |
| 10 | SPDR S&P 500 ETF | SPY | 78462F103 | $1.5M | 2.90% | 1,947 | SH |
| 11 | TC ENERGY CORP F | TRP | 87807B107 | $1.3M | 2.58% | 22,873 | SH |
| 12 | ENBRIDGE INC F | ENB | 29250N105 | $1.3M | 2.47% | 26,918 | SH |
| 13 | WESTERN MIDSTREAM PAR LP | WES | 958669103 | $1.0M | 2.03% | 23,466 | SH |
| 14 | PRAIRIE OPERATING CO | PROP | 739650109 | $992.7K | 1.94% | 2,412,500 | SH |
| 15 | MPLX, LP | MPLX | 55336V100 | $964.0K | 1.88% | 17,116 | SH |
| 16 | KINDER MORGAN INC | KMI | 49456B101 | $931.1K | 1.82% | 30,882 | SH |
| 17 | PEMBINA PIPELINE CO F | PBA | 706327103 | $815.9K | 1.59% | 18,303 | SH |
| 18 | RAYTHEON TECHNOLOGIES CO | RTX | 75513E101 | $715.7K | 1.40% | 3,855 | SH |
| 19 | SOUTH BOW CORP F | SOBO | 83671M105 | $687.6K | 1.34% | 20,754 | SH |
| 20 | REPUBLIC SERVICES | RSG | 760759100 | $526.8K | 1.03% | 2,510 | SH |
| 21 | WASTE MANAGEMENT INC | WM | 94106L109 | $462.5K | 0.90% | 2,268 | SH |
| 22 | SPDR FUND CONSUMER STAPLES ETF | XLP | 81369Y308 | $392.1K | 0.77% | 4,864 | SH |
| 23 | PLAINS GP HLDGS | PAGP | 72651A207 | $390.7K | 0.76% | 15,084 | SH |
| 24 | KINETIK HOLDINGS | LMT | 539830109 | $385.5K | 0.75% | 757 | SH |
| 25 | ECOLAB INC | ECL | 278865100 | $325.9K | 0.64% | 1,187 | SH |
| 26 | AUTO DATA PROCESSING | ADP | 053015103 | $281.5K | 0.55% | 1,091 | SH |
| 27 | MERCK & CO. INC. | MRK | 58933Y105 | $269.3K | 0.53% | 1,853 | SH |
| 28 | JOHNSON & JOHNSON | JNJ | 478160104 | $263.2K | 0.51% | 994 | SH |
| 29 | THE COCA-COLA CO | KO | 191216100 | $260.0K | 0.51% | 3,021 | SH |
| 30 | MCDONALDS CORP | MCD | 580135101 | $244.6K | 0.48% | 1,059 | SH |
| 31 | PROCTER & GAMBLE | PG | 742718109 | $206.2K | 0.40% | 1,419 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-13 | $51.2M | 31 | 0001680365-26-000024 |
| 2026-06-30 | 2026-07-10 | $57.2M | 32 | 0001680365-26-000020 |
| 2026-03-31 | 2026-04-15 | $59.1M | 32 | 0001680365-26-000018 |
| 2025-12-31 | 2026-04-15 | $48.8M | 32 | 0001680365-26-000017 |
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