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Asset Manager ← All Institutions

SL ADVISORS, LLC

630 MOORING LINE DRIVE, NAPLES, FL 34102-4749 • 908-205-2955

Q2 2025 · Filed 2026-04-15
Market Value
$56M
-2.9%
Holdings
32
-3
New Purchases
1
Added To
5
Closed
1
Reduced
7
Top 10 Concentration
72.9%
Turnover
6.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NEXT 15.41% 11.89% +3.52% $9M
RTX 1.24% 0.00% +1.24% $687K
LNG 7.99% 7.37% +0.62% $4M
WMB 7.80% 7.21% +0.59% $4M
SPY 2.39% 2.10% +0.29% $1M
TRP 2.62% 2.46% +0.16% $1M
ENB 3.02% 2.87% +0.15% $2M
KMI 2.51% 2.37% +0.14% $1M
USAI 6.85% 6.71% +0.14% $4M
RSG 1.86% 1.77% +0.09% $1M
ECL 0.63% 0.57% +0.05% $347K
ET 12.37% 12.32% +0.05% $7M
ADP 1.21% 1.17% +0.05% $674K
LMT 0.99% 0.97% +0.03% $550K
XLP 0.71% 0.69% +0.01% $393K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BRK-B 2.74% 4.48% -1.73% $2M
OKE 6.87% 8.11% -1.24% $4M
WM 1.24% 2.31% -1.07% $690K
NFE 1.43% 2.41% -0.98% $795K
TRGP 5.76% 6.52% -0.76% $3M
JNJ 0.00% 0.40% -0.40% $0
EPD 4.08% 4.36% -0.28% $2M
KNTK 1.74% 1.99% -0.25% $966K
PBA 1.75% 1.86% -0.12% $969K
HSY 0.37% 0.47% -0.10% $205K
PG 0.58% 0.63% -0.05% $323K
PAGP 0.74% 0.80% -0.05% $414K
WES 1.69% 1.73% -0.05% $936K
MCD 0.83% 0.86% -0.03% $463K
MKC 0.46% 0.48% -0.02% $253K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Energy 77.6%
Financial Services 13.7%
Industrials 5.2%
Consumer Defensive 1.3%
Healthcare 0.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $5M 8.3%
Large Cap 20 $36M 65.5%
Mid Cap 3 $10M 17.9%
Micro Cap 2 $5M 8.3%

Portfolio Analytics

Avg Market Cap
$150.7B
Median Market Cap
$70.2B
Avg P/E
23.6
Median P/E
23.5
Avg Dividend Yield
0.03%
Avg Beta
0.61
# Stocks
29
# ETFs / Funds
3

Top Holdings (32 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NEXT 15.41% 960,279 $9M $8.91 $2M +86,500 +9.9%
2 ET 12.37% 378,868 $7M $18.13 -$174K
3 LNG 7.99% 18,209 $4M $243.52 $221K
4 WMB 7.80% 68,949 $4M $62.81 $210K
5 OKE 6.87% 46,733 $4M $81.63 -$822K
6 USAI 6.85% 93,465 $4M $40.71 -$31K +150 +0.2%
7 TRGP 5.76% 18,371 $3M $174.08 -$527K -210 -1.1%
8 EPD 4.08% 73,064 $2M $31.01 -$229K
9 ENB 3.02% 37,044 $2M $45.32 $37K
10 BRK-B 2.74% 3,136 $2M $485.77 -$1M -1,670 -34.8%
11 TRP 2.62% 29,849 $1M $48.79 $47K
12 KMI 2.51% 47,472 $1M $29.40 $41K
13 SPY 2.39% 2,147 $1M $617.85 $127K +3 +0.1%
14 RSG 1.86% 4,177 $1M $246.61 $19K
15 PBA 1.75% 25,827 $969K $37.51 -$95K -750 -2.8%
16 KNTK 1.74% 21,927 $966K $44.05 -$173K
17 WES 1.69% 24,177 $936K $38.70 -$55K
18 MPLX 1.61% 17,375 $895K $51.51 -$35K
19 NFE 1.43% 239,399 $795K $3.32 -$583K +73,600 +44.4%
20 WM 1.24% 3,016 $690K $228.82 -$631K -4,702 -60.9%
21 RTX 1.24% 4,702 $687K $146.02 +4,702 NEW
22 ADP 1.21% 2,184 $674K $308.40 $6K
23 LMT 0.99% 1,188 $550K $463.14 -$1K -47 -3.8%
24 MCD 0.83% 1,583 $463K $292.17 -$32K
25 PAGP 0.74% 21,282 $414K $19.43 -$41K
26 XLP 0.71% 4,853 $393K $80.97 -$3K +2 +0.0%
27 ECL 0.63% 1,288 $347K $269.44 $21K
28 PG 0.58% 2,026 $323K $159.32 -$39K -94 -4.4%
29 KO 0.49% 3,872 $274K $70.75 -$3K
30 MKC 0.46% 3,338 $253K $75.82 -$22K
31 HSY 0.37% 1,233 $205K $165.95 -$63K -334 -21.3%
32 JNJ —% -$231K -1,392 -100.0% SOLD

New Positions

SymbolValue% Port
RTX $687K 1.24%

Sold Out Positions

SymbolValue% Port
JNJ —%
View SEC EDGAR Filings for SL ADVISORS, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms