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Asset Manager ← All Institutions

SL ADVISORS, LLC

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

Q3 2025 · Filed 2026-04-15
Market Value
$51M
-8.5%
Holdings
32
New Purchases
1
Added To
9
Closed
1
Reduced
20
Top 10 Concentration
73.3%
Turnover
6.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ET 14.57% 12.37% +2.20% $7M
WMB 8.68% 7.80% +0.88% $4M
LNG 8.52% 7.99% +0.54% $4M
EPD 4.55% 4.08% +0.47% $2M
SPY 2.81% 2.39% +0.43% $1M
JNJ 0.40% 0.00% +0.40% $203K
BRK-B 3.10% 2.74% +0.35% $2M
TRGP 6.08% 5.76% +0.32% $3M
RTX 1.54% 1.24% +0.30% $782K
WES 1.90% 1.69% +0.21% $965K
KNTK 1.88% 1.74% +0.14% $953K
MPLX 1.74% 1.61% +0.13% $883K
TRP 2.75% 2.62% +0.12% $1M
MCD 0.94% 0.83% +0.11% $479K
HSY 0.45% 0.37% +0.08% $229K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NEXT 12.39% 15.41% -3.02% $6M
NFE 0.00% 1.43% -1.43% $0
OKE 5.95% 6.87% -0.92% $3M
KMI 2.04% 2.51% -0.47% $1M
USAI 6.54% 6.85% -0.31% $3M
PAGP 0.58% 0.74% -0.16% $297K
PG 0.46% 0.58% -0.12% $235K
ENB 2.91% 3.02% -0.11% $1M
RSG 1.78% 1.86% -0.08% $903K
PBA 1.67% 1.75% -0.07% $849K
KO 0.43% 0.49% -0.07% $217K
LMT 0.96% 0.99% -0.03% $487K
MKC 0.44% 0.46% -0.02% $222K
WM 1.23% 1.24% -0.02% $624K

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 9.7%
Large Cap 20 $35M 68.9%
Mid Cap 3 $8M 14.9%
Micro Cap 2 $3M 6.5%

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 ET 14.57% 431,577 $7M $17.16 $537K +52,709 +13.9%
2 NEXT 12.39% 927,384 $6M $6.79 -$2M -32,895 -3.4%
3 WMB 8.68% 69,634 $4M $63.35 $81K +685 +1.0%
4 LNG 8.52% 18,435 $4M $234.98 -$102K +226 +1.2%
5 USAI 6.54% 83,465 $3M $39.85 -$480K -10,000 -10.7%
6 TRGP 6.08% 18,452 $3M $167.54 -$107K +81 +0.4%
7 OKE 5.95% 41,462 $3M $72.97 -$789K -5,271 -11.3%
8 EPD 4.55% 73,971 $2M $31.27 $47K +907 +1.2%
9 BRK-B 3.10% 3,129 $2M $502.74 $50K -7 -0.2%
10 ENB 2.91% 29,341 $1M $50.46 -$198K -7,703 -20.8%
11 SPY 2.81% 2,147 $1M $666.18 $104K
12 TRP 2.75% 25,651 $1M $54.41 -$61K -4,198 -14.1%
13 KMI 2.04% 36,648 $1M $28.31 -$358K -10,824 -22.8%
14 WES 1.90% 24,554 $965K $39.29 $29K +377 +1.6%
15 KNTK 1.88% 22,306 $953K $42.74 -$13K +379 +1.7%
16 RSG 1.78% 3,935 $903K $229.48 -$127K -242 -5.8%
17 MPLX 1.74% 17,680 $883K $49.95 -$12K +305 +1.8%
18 PBA 1.67% 20,987 $849K $40.46 -$120K -4,840 -18.7%
19 RTX 1.54% 4,676 $782K $167.33 $96K -26 -0.6%
20 ADP 1.26% 2,173 $638K $293.50 -$36K -11 -0.5%
21 WM 1.23% 2,825 $624K $220.83 -$66K -191 -6.3%
22 LMT 0.96% 976 $487K $499.21 -$63K -212 -17.9%
23 MCD 0.94% 1,576 $479K $303.89 $16K -7 -0.4%
24 XLP 0.75% 4,855 $381K $78.37 -$12K +2 +0.0%
25 ECL 0.69% 1,280 $351K $273.86 $4K -8 -0.6%
26 PAGP 0.58% 16,291 $297K $18.24 -$116K -4,991 -23.4%
27 PG 0.46% 1,530 $235K $153.65 -$88K -496 -24.5%
28 HSY 0.45% 1,223 $229K $187.05 $24K -10 -0.8%
29 MKC 0.44% 3,323 $222K $66.91 -$31K -15 -0.5%
30 KO 0.43% 3,277 $217K $66.32 -$57K -595 -15.4%
31 JNJ 0.40% 1,093 $203K $185.42 +1,093 NEW
32 NFE —% -$795K -239,399 -100.0% SOLD

New Positions

SymbolValue% Port
JNJ $203K 0.40%

Sold Out Positions

SymbolValue% Port
NFE —%
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