Recurrent Investment Advisors LLC — 13F Holdings & Portfolio
CIK 1803146 · latest 13F-HR filed 2026-08-14
Recurrent Investment Advisors LLC manages $1.61B in 13F-reported U.S. long-equity assets across 71 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are TRGP (7.83%), CVE (7.61%), ET (7.04%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions, exited 0, added to 26, and trimmed 34.
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.
$1.61B
Long-equity book
71
Distinct positions
2026-06-30
Filed 2026-08-14
+4 / −0 / ↑26 / ↓34
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Share-count changes vs the prior 13F.
Top Adds (vs prior quarter)
- ENBRIDGE INC$22.7M +89.9%
- ENTERPRISE PRODS PARTNERS L$11.3M +17.8%
- SUNOCO LP/SUNOCO FIN CORP$10.8M +16.2%
- TARGA RES CORP$7.9M +6.7%
- MURPHY USA INC$6.6M +9.2%
Top Trims
- SUNCOR ENERGY INC NEW-$39.2M -38.5%
- CENOVUS ENERGY INC-$37.0M -23.2%
- VIPER ENERGY INC-$26.6M -57.3%
- MARATHON PETE CORP-$22.3M -50.4%
- PBF ENERGY INC-$14.6M -30.5%
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 | TARGA RES CORP | TRGP | 87612G101 | $126.2M | 7.83% | 470,637 | SH |
| 2 | CENOVUS ENERGY INC | CVE | 15135U109 | $122.6M | 7.61% | 4,739,325 | SH |
| 3 | ENERGY TRANSFER L P | ET | 29273V100 | $113.5M | 7.04% | 5,935,394 | SH |
| 4 | ONEOK INC NEW | OKE | 682680103 | $100.8M | 6.26% | 1,159,957 | SH |
| 5 | KINDER MORGAN INC DEL | KMI | 49456B101 | $82.4M | 5.12% | 2,578,529 | SH |
| 6 | MURPHY USA INC | MUSA | 626755102 | $78.6M | 4.88% | 146,263 | SH |
| 7 | SUNOCO LP/SUNOCO FIN CORP | SUN | 86765K109 | $77.6M | 4.82% | 1,149,434 | SH |
| 8 | ENTERPRISE PRODS PARTNERS L | EPD | 293792107 | $74.7M | 4.64% | 2,031,416 | SH |
| 9 | CHENIERE ENERGY INC | LNG | 16411R208 | $72.0M | 4.47% | 301,353 | SH |
| 10 | PEMBINA PIPELINE CORP | PBA | 706327103 | $69.6M | 4.32% | 1,498,252 | SH |
| 11 | PHILLIPS 66 | PSX | 718546104 | $68.1M | 4.23% | 403,016 | SH |
| 12 | SUNCOR ENERGY INC NEW | SU | 867224107 | $62.7M | 3.89% | 1,145,921 | SH |
| 13 | WILLIAMS COS INC | WMB | 969457100 | $56.7M | 3.52% | 762,867 | SH |
| 14 | DT MIDSTREAM INC | DTM | 23345M107 | $52.1M | 3.24% | 355,154 | SH |
| 15 | WESTERN MIDSTREAM PARTNERS L | WES | 958669103 | $49.6M | 3.08% | 1,133,291 | SH |
| 16 | ENBRIDGE INC | ENB | 29250N105 | $47.9M | 2.97% | 882,892 | SH |
| 17 | PLAINS GP HLDGS L P | PAGP | 72651A207 | $43.6M | 2.71% | 1,791,325 | SH |
| 18 | SOUTH BOW CORP | SOBO | 83671M105 | $40.8M | 2.53% | 1,158,738 | SH |
| 19 | PBF ENERGY INC | PBF | 69318G106 | $33.2M | 2.06% | 729,534 | SH |
| 20 | MPLX LP | MPLX | 55336V100 | $30.7M | 1.90% | 544,714 | SH |
| 21 | VENTURE GLOBAL INC | VG | 92333F101 | $22.5M | 1.40% | 2,025,792 | SH |
| 22 | MARATHON PETE CORP | MPC | 56585A102 | $21.9M | 1.36% | 85,799 | SH |
| 23 | VIPER ENERGY INC | VNOM | 64361Q101 | $19.8M | 1.23% | 468,061 | SH |
| 24 | BARRICK MNG CORP | B | 06849F108 | $10.3M | 0.64% | 234,844 | SH |
| 25 | DOW HLDGS INC | DOW | 260557103 | $10.0M | 0.62% | 365,815 | SH |
| 26 | WESTLAKE CORPORATION | WLK | 960413102 | $9.4M | 0.58% | 128,771 | SH |
| 27 | EASTMAN CHEM CO | EMN | 277432100 | $9.1M | 0.56% | 135,851 | SH |
| 28 | NEWMONT CORP | NEM | 651639106 | $9.1M | 0.56% | 97,245 | SH |
| 29 | HUNTSMAN CORP | HUN | 447011107 | $8.4M | 0.52% | 792,476 | SH |
| 30 | EXXON MOBIL CORP | XOM | 30231G102 | $8.0M | 0.49% | 58,314 | SH |
| 31 | LYONDELLBASELL INDUSTRIES NV | LYB | N53745100 | $7.6M | 0.47% | 144,709 | SH |
| 32 | CHEVRON CORPORATION | CVX | 166764100 | $7.2M | 0.44% | 43,165 | SH |
| 33 | NUTRIEN LTD | NTR | 67077M108 | $4.7M | 0.29% | 52,357 | SH |
| 34 | KINROSS GOLD CORP | KGC | 496902404 | $3.9M | 0.24% | 147,739 | SH |
| 35 | MATADOR RES CO | MTDR | 576485205 | $3.8M | 0.24% | 77,047 | SH |
| 36 | NUCOR CORP | NUE | 670346105 | $3.7M | 0.23% | 16,621 | SH |
| 37 | CONOCOPHILLIPS | COP | 20825C104 | $3.5M | 0.22% | 33,972 | SH |
| 38 | FREEPORT MCMORAN INC | FCX | 35671D857 | $3.3M | 0.20% | 52,486 | SH |
| 39 | TECK RESOURCES LTD | TECK | 878742204 | $3.0M | 0.19% | 40,394 | SH |
| 40 | VALE S A | VALE | 91912E105 | $3.0M | 0.18% | 196,192 | SH |
| 41 | RIO TINTO PLC | RIO | 767204100 | $2.6M | 0.16% | 27,245 | SH |
| 42 | HALLIBURTON CO | HAL | 406216101 | $2.5M | 0.16% | 73,663 | SH |
| 43 | CANADIAN NAT RES LTD MED TER | CNQ | 136385101 | $2.3M | 0.15% | 59,242 | SH |
| 44 | BHP BILLITON LIMITED | BHP | 088606108 | $2.3M | 0.14% | 27,262 | SH |
| 45 | DIAMONDBACK ENERGY INC | FANG | 25278X109 | $2.1M | 0.13% | 11,756 | SH |
| 46 | SUNOCOCORP LLC | SUNC | 86765Q106 | $1.8M | 0.11% | 26,080 | SH |
| 47 | SHELL PLC | SHEL | 780259305 | $1.7M | 0.10% | 56,587 | SH |
| 48 | DARLING INGREDIENTS INC | DAR | 237266101 | $1.5M | 0.09% | 27,265 | SH |
| 49 | CRH PLC | CRH | G25508105 | $1.4M | 0.09% | 13,549 | SH |
| 50 | EXPAND ENERGY CORPORATION | EXE | 165167735 | $1.4M | 0.09% | 15,646 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $1.61B | 71 | 0001420506-26-001686 |
| 2026-03-31 | 2026-05-15 | $1.66B | 67 | 0001420506-26-001065 |
| 2025-12-31 | 2026-02-13 | $1.35B | 71 | 0001420506-26-000354 |
| 2025-09-30 | 2025-11-13 | $1.30B | 64 | 0001420506-25-003193 |
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