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Asset Manager ← All Institutions

SL ADVISORS, LLC

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

Q4 2025 · Filed 2026-04-15
Market Value
$23.8B
+46684.1%
Holdings
32
New Purchases
1
Added To
12
Closed
1
Reduced
17
Top 10 Concentration
99.9%
Turnover
6.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ET 30.73% 14.57% +16.15% $7.3B
USAI 15.39% 6.54% +8.84% $3.7B
NEXT 20.46% 12.39% +8.07% $4.9B
EPD 9.67% 4.55% +5.12% $2.3B
KNTK 5.49% 1.88% +3.61% $1.3B
ENB 5.67% 2.91% +2.76% $1.3B
KMI 4.07% 2.04% +2.02% $967M
WES 3.92% 1.90% +2.02% $932M
PBA 3.25% 1.67% +1.58% $772M
PAGP 1.25% 0.58% +0.67% $298M
MRK 0.00% 0.00% +0.00% $210K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WMB 0.02% 8.68% -8.66% $4M
LNG 0.01% 8.52% -8.51% $3M
TRGP 0.01% 6.08% -6.07% $3M
OKE 0.01% 5.95% -5.94% $3M
BRK-B 0.01% 3.10% -3.09% $2M
SPY 0.01% 2.81% -2.81% $1M
TRP 0.01% 2.75% -2.74% $1M
RSG 0.00% 1.78% -1.77% $835K
MPLX 0.00% 1.74% -1.73% $920K
RTX 0.00% 1.54% -1.54% $861K
ADP 0.00% 1.26% -1.25% $517K
WM 0.00% 1.23% -1.23% $623K
LMT 0.00% 0.96% -0.96% $427K
MCD 0.00% 0.94% -0.94% $426K
XLP 0.00% 0.75% -0.75% $377K

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 8 $5M 0.0%
Large Cap 20 $13.6B 57.4%
Mid Cap 3 $6.5B 27.2%
Micro Cap 1 $3.7B 15.4%

Portfolio Analytics

Avg Market Cap
$160.1B
Median Market Cap
$72.6B
Avg P/E
24.0
Median P/E
24.6
Avg Dividend Yield
0.03%
Avg Beta
0.58
# 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 30.73% 442,978 $7.3B $16,490.00 $7.3B +11,401 +2.6%
2 NEXT 20.46% 922,889 $4.9B $5,270.00 $4.9B -4,495 -0.5%
3 USAI 15.39% 95,895 $3.7B $38,149.93 $3.7B +12,430 +14.9%
4 EPD 9.67% 71,745 $2.3B $32,060.00 $2.3B -2,226 -3.0%
5 ENB 5.67% 28,199 $1.3B $47,829.99 $1.3B -1,142 -3.9%
6 KNTK 5.49% 36,197 $1.3B $36,050.00 $1.3B +13,891 +62.3%
7 KMI 4.07% 35,159 $967M $27,490.00 $965M -1,489 -4.1%
8 WES 3.92% 23,602 $932M $39,500.00 $931M -952 -3.9%
9 PBA 3.25% 20,294 $772M $38,060.02 $772M -693 -3.3%
10 PAGP 1.25% 15,565 $298M $19,139.99 $298M -726 -4.5%
11 WMB 0.02% 66,598 $4M $60.11 -$408K -3,036 -4.4%
12 LNG 0.01% 17,756 $3M $194.39 -$880K -679 -3.7%
13 TRGP 0.01% 17,895 $3M $184.50 $210K -557 -3.0%
14 OKE 0.01% 39,545 $3M $73.50 -$119K -1,917 -4.6%
15 BRK-B 0.01% 3,124 $2M $502.65 -$3K -5 -0.2%
16 SPY 0.01% 2,147 $1M $681.92 $34K
17 TRP 0.01% 24,825 $1M $55.01 -$30K -826 -3.2%
18 MPLX —% 17,229 $920K $53.37 $36K -451 -2.5%
19 RTX —% 4,697 $861K $183.40 $79K +21 +0.5%
20 RSG —% 3,940 $835K $211.93 -$68K +5 +0.1%
21 WM —% 2,836 $623K $219.71 -$747 +11 +0.4%
22 ADP —% 2,010 $517K $257.23 -$121K -163 -7.5%
23 LMT —% 883 $427K $483.67 -$60K -93 -9.5%
24 MCD —% 1,394 $426K $305.63 -$53K -182 -11.6%
25 XLP —% 4,858 $377K $77.68 -$3K +3 +0.1%
26 ECL —% 1,291 $339K $262.52 -$12K +11 +0.9%
27 KO —% 3,300 $231K $69.91 $13K +23 +0.7%
28 JNJ —% 1,103 $228K $206.95 $26K +10 +0.9%
29 HSY —% 1,234 $225K $181.98 -$4K +11 +0.9%
30 PG —% 1,541 $221K $143.31 -$14K +11 +0.7%
31 MRK —% 1,992 $210K $105.26 +1,992 NEW
32 MKC —% -$222K -3,323 -100.0% SOLD

New Positions

SymbolValue% Port
MRK $210K —%

Sold Out Positions

SymbolValue% Port
MKC —%
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