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Recurrent Investment Advisors LLC

Q3 2025 · Filed 2025-11-13
Market Value
$1.3B
+6.6%
Holdings
64
New Purchases
2
Added To
19
Closed
1
Reduced
17
Top 10 Concentration
59.1%
Turnover
4.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MUSA 3.11% 0.07% +3.05% $39M
CVE 8.93% 7.46% +1.47% $112M
VNOM 1.05% 0.00% +1.05% $13M
MPC 4.30% 3.95% +0.36% $54M
TRGP 6.75% 6.42% +0.32% $85M
PSX 5.02% 4.72% +0.30% $63M
CVX 0.53% 0.26% +0.27% $7M
SU 6.02% 5.76% +0.27% $76M
B 0.71% 0.45% +0.26% $9M
NEM 0.64% 0.47% +0.17% $8M
ENB 1.86% 1.78% +0.08% $23M
TRP 0.98% 0.93% +0.05% $12M
BP 0.04% 0.00% +0.04% $499K
VALE 0.11% 0.08% +0.03% $1M
ALB 0.10% 0.08% +0.02% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VLO 0.15% 2.04% -1.89% $2M
LNG 5.01% 6.42% -1.41% $63M
PAGP 3.53% 4.45% -0.93% $44M
ET 6.80% 7.36% -0.56% $86M
SUN 3.71% 4.24% -0.52% $47M
PBA 5.48% 5.90% -0.42% $69M
KMI 3.32% 3.70% -0.38% $42M
EPD 4.32% 4.57% -0.25% $54M
HES 0.00% 0.25% -0.25% $0
WMB 3.82% 4.05% -0.23% $48M
WES 4.24% 4.45% -0.21% $53M
ARLP 1.30% 1.45% -0.15% $16M
PBF 4.25% 4.38% -0.13% $53M
DTM 3.16% 3.27% -0.10% $40M
OKE 6.47% 6.56% -0.09% $81M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $17M 1.4%
Large Cap 50 $1.1B 85.3%
Mid Cap 8 $168M 13.3%
Small Cap 1 $455K 0.0%

Portfolio Analytics

Avg Market Cap
$72.4B
Median Market Cap
$51.6B
Avg P/E
24.8
Median P/E
18.2
Avg Dividend Yield
0.03%
Avg Beta
0.72
# Stocks
64
# ETFs / Funds
0

Top Holdings (64 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CVE 8.93% 6,422,579 $112M $17.50 $24M +121,629 +1.9%
2 ET 6.80% 4,986,943 $86M $17.16 -$1M +194,137 +4.0%
3 TRGP 6.75% 507,014 $85M $167.54 $9M +71,123 +16.3%
4 OKE 6.47% 1,115,396 $81M $72.97 $4M +166,638 +17.6%
5 SU 6.02% 1,787,675 $76M $42.41 $8M -3,756 -0.2%
6 PBA 5.48% 1,699,083 $69M $40.61 -$656K -152,081 -8.2%
7 PSX 5.02% 464,470 $63M $136.02 $7M -2,510 -0.5%
8 LNG 5.01% 268,456 $63M $234.98 -$13M -42,822 -13.8%
9 EPD 4.32% 1,737,572 $54M $31.27 $371K -2,617 -0.1%
10 MPC 4.30% 280,862 $54M $192.74 $8M +311 +0.1%
11 PBF 4.25% 1,772,106 $53M $30.17 $2M -615,718 -25.8%
12 WES 4.24% 1,357,697 $53M $39.29 $775K -683 -0.1%
13 WMB 3.82% 759,920 $48M $63.35 $287K -1,965 -0.3%
14 SUN 3.71% 934,137 $47M $50.01 -$3M +551 +0.1%
15 PAGP 3.53% 2,433,011 $44M $18.24 -$8M -271,183 -10.0%
16 KMI 3.32% 1,474,041 $42M $28.31 -$2M -10,613 -0.7%
17 DTM 3.16% 352,018 $40M $113.06 $1M +1,090 +0.3%
18 MUSA 3.11% 100,942 $39M $388.26 $38M +98,952 +4972.5%
19 ENB 1.86% 464,535 $23M $50.46 $2M +436 +0.1%
20 ARLP 1.30% 647,283 $16M $25.29 -$804K -9,572 -1.5%
21 VNOM 1.05% 346,017 $13M $38.22 +346,017 NEW
22 TRP 0.98% 227,111 $12M $54.41 $1M +2,257 +1.0%
23 B 0.71% 229,763 $9M $38.76 $4M +13,958 +6.5%
24 NEM 0.64% 95,509 $8M $84.31 $2M
25 CVX 0.53% 43,063 $7M $155.29 $4M +21,839 +102.9%
26 XOM 0.52% 57,777 $7M $112.75 $287K +11 +0.0%
27 NTR 0.32% 50,060 $4M $81.66 $119K
28 FCX 0.28% 89,261 $4M $39.22 -$369K
29 SEE 0.25% 90,027 $3M $35.35 $389K
30 COP 0.25% 33,272 $3M $94.59 $161K
31 TECK 0.20% 47,177 $2M $52.86 $226K
32 NUE 0.18% 16,703 $2M $135.43 -$474K -4,419 -20.9%
33 VLO 0.15% 11,259 $2M $170.26 -$22M -168,395 -93.7%
34 MTDR 0.15% 42,557 $2M $44.93 -$118K +11 +0.0%
35 CNQ 0.15% 59,242 $2M $31.96 $33K
36 HAL 0.14% 72,448 $2M $24.60 $306K
37 AA 0.14% 53,411 $2M $32.89 $181K
38 FANG 0.13% 11,756 $2M $143.10 $67K
39 MT 0.13% 53,477 $2M $30.60 $199K
40 BHP 0.12% 27,385 $2M $55.75 $210K
41 VALE 0.11% 130,400 $1M $10.86 $441K +30,023 +29.9%
42 SHEL 0.11% 53,120 $1M $26.54 $60K +529 +1.0%
43 WLK 0.11% 18,106 $1M $77.06 $21K +2 +0.0%
44 ALB 0.10% 15,264 $1M $81.08 $280K -14 -0.1%
45 PKX 0.10% 24,951 $1M $49.21 $18K
46 EXE 0.08% 9,689 $1M $106.24 -$104K
47 RIO 0.08% 15,517 $1M $66.01 $119K
48 DAR 0.07% 30,154 $931K $30.87 -$289K -1,998 -6.2%
49 CCK 0.07% 9,406 $909K $96.59 -$60K
50 TTE 0.07% 15,038 $898K $59.69 -$26K
51 MOS 0.07% 24,957 $866K $34.68 -$45K
52 VST 0.07% 4,326 $848K $195.92 -$136K -750 -14.8%
53 CRH.L 0.06% 6,192 $742K $119.90 $174K
54 CEG 0.06% 2,155 $709K $329.07 -$35K -150 -6.5%
55 CF 0.06% 7,761 $696K $89.70 -$18K +3 +0.0%
56 DOW 0.05% 28,262 $648K $22.93 -$100K
57 MLM 0.05% 1,008 $635K $630.28 $82K
58 WY 0.05% 24,040 $596K $24.79 -$22K
59 CCJ 0.05% 6,757 $567K $83.86 $65K
60 EOG 0.04% 4,637 $520K $112.12 -$35K
61 BP 0.04% 116,703 $499K $4.27 +116,703 NEW
62 FMC 0.04% 13,515 $455K $33.63 -$110K
63 ADM 0.03% 7,090 $424K $59.74 $49K +1 +0.0%
64 HES —% -$3M -21,308 -100.0% SOLD

New Positions

SymbolValue% Port
VNOM $13M 1.05%
BP $499K 0.04%

Sold Out Positions

SymbolValue% Port
HES —%
View SEC EDGAR Filings for Recurrent Investment Advisors LLC →

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