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Asset Manager ← All Institutions

Recurrent Investment Advisors LLC

Q4 2025 · Filed 2026-02-13
Market Value
$1.3B
+4.4%
Holdings
72
+8
New Purchases
9
Added To
22
Closed
3
Reduced
27
Top 10 Concentration
58.5%
Turnover
16.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KEY 6.43% 0.00% +6.43% $85M
VNOM 2.12% 1.05% +1.07% $28M
TRGP 7.42% 6.75% +0.67% $98M
MUSA 3.63% 3.11% +0.52% $48M
DOW 0.38% 0.05% +0.33% $5M
WLK 0.43% 0.11% +0.31% $6M
LYB 0.20% 0.00% +0.20% $3M
EMN 0.19% 0.00% +0.19% $3M
HUN 0.19% 0.00% +0.19% $2M
B 0.89% 0.71% +0.19% $12M
NEM 0.72% 0.64% +0.08% $9M
RIO 0.16% 0.08% +0.08% $2M
VALE 0.19% 0.11% +0.07% $2M
MTDR 0.22% 0.15% +0.07% $3M
TOTB.DE 0.06% 0.00% +0.06% $833K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PBF 2.58% 4.25% -1.67% $34M
ARLP 0.00% 1.30% -1.30% $0
PBA 4.33% 5.48% -1.15% $57M
LNG 3.91% 5.01% -1.10% $51M
SUN 2.71% 3.71% -1.01% $36M
TRP 0.05% 0.98% -0.93% $691K
MPC 3.49% 4.30% -0.82% $46M
PSX 4.47% 5.02% -0.55% $59M
CVE 8.45% 8.93% -0.48% $111M
WMB 3.48% 3.82% -0.35% $46M
WES 4.02% 4.24% -0.21% $53M
SEE 0.04% 0.25% -0.21% $553K
KMI 3.11% 3.32% -0.21% $41M
ENB 1.69% 1.86% -0.18% $22M
EPD 4.15% 4.32% -0.17% $55M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $16M 1.3%
Large Cap 54 $1.2B 89.0%
Mid Cap 12 $128M 9.7%
Small Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$67.4B
Median Market Cap
$41.5B
Avg P/E
23.9
Median P/E
17.8
Avg Dividend Yield
0.03%
Avg Beta
0.72
# Stocks
72
# ETFs / Funds
0

Top Holdings (72 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CVE 8.45% 6,363,516 $111M $17.45 -$1M -59,063 -0.9%
2 TRGP 7.42% 528,546 $98M $184.50 $13M +21,532 +4.2%
3 ET 6.71% 5,351,355 $88M $16.49 $3M +364,412 +7.3%
4 OKE 6.45% 1,152,806 $85M $73.50 $3M +37,410 +3.4%
5 KEY 6.43% 1,920,957 $85M $44.00 +1,920,957 NEW
6 SU 6.02% 1,760,388 $79M $44.98 $3M -27,287 -1.5%
7 PSX 4.47% 454,741 $59M $129.04 -$4M -9,729 -2.1%
8 PBA 4.33% 1,490,143 $57M $38.22 -$12M -208,940 -12.3%
9 EPD 4.15% 1,700,650 $55M $32.06 $189K -36,922 -2.1%
10 WES 4.02% 1,338,654 $53M $39.50 -$467K -19,043 -1.4%
11 LNG 3.91% 264,474 $51M $194.39 -$12M -3,982 -1.5%
12 MUSA 3.63% 118,606 $48M $402.59 $9M +17,664 +17.5%
13 PAGP 3.55% 2,432,797 $47M $19.15 $2M -214 -0.0%
14 MPC 3.49% 281,631 $46M $162.63 -$8M +769 +0.3%
15 WMB 3.48% 760,627 $46M $60.11 -$2M +707 +0.1%
16 DTM 3.22% 353,786 $42M $119.68 $3M +1,768 +0.5%
17 KMI 3.11% 1,485,473 $41M $27.49 -$894K +11,432 +0.8%
18 SUN 2.71% 678,623 $36M $52.41 -$11M -255,514 -27.4%
19 PBF 2.58% 1,250,915 $34M $27.12 -$20M -521,191 -29.4%
20 VNOM 2.12% 722,615 $28M $38.63 $15M +376,598 +108.8%
21 ENB 1.69% 463,219 $22M $47.83 -$1M -1,316 -0.3%
22 B 0.89% 229,715 $12M $51.07 $3M -48 -0.0%
23 NEM 0.72% 94,745 $9M $99.85 $1M -764 -0.8%
24 XOM 0.53% 57,400 $7M $120.34 $393K -377 -0.7%
25 CVX 0.50% 42,763 $7M $152.41 -$170K -300 -0.7%
26 WLK 0.43% 75,633 $6M $73.94 $4M +57,527 +317.7%
27 DOW 0.38% 215,916 $5M $23.38 $4M +187,654 +664.0%
28 FCX 0.34% 87,720 $4M $50.79 $954K -1,541 -1.7%
29 NTR 0.32% 50,060 $4M $84.65 $150K
30 COP 0.24% 33,272 $3M $93.61 -$33K
31 MTDR 0.22% 67,246 $3M $42.44 $942K +24,689 +58.0%
32 NUE 0.20% 16,215 $3M $163.11 $383K -488 -2.9%
33 LYB 0.20% 59,619 $3M $43.30 +59,619 NEW
34 EMN 0.19% 39,831 $3M $63.83 +39,831 NEW
35 HUN 0.19% 246,276 $2M $10.00 +246,276 NEW
36 VALE 0.19% 187,430 $2M $13.03 $1M +57,030 +43.7%
37 TECK 0.18% 39,294 $2M $59.07 -$173K -7,883 -16.7%
38 RIO 0.16% 26,047 $2M $80.03 $1M +10,530 +67.9%
39 HAL 0.16% 72,448 $2M $28.26 $265K
40 CNQ 0.15% 59,242 $2M $33.85 $112K
41 AA 0.14% 35,032 $2M $53.14 $105K -18,379 -34.4%
42 FANG 0.13% 11,756 $2M $150.33 $85K
43 BHP 0.12% 26,071 $2M $60.37 $47K -1,314 -4.8%
44 SHEL 0.11% 53,641 $1M $27.47 $64K +521 +1.0%
45 PKX 0.10% 24,960 $1M $53.21 $100K +9 +0.0%
46 MOS 0.10% 52,047 $1M $24.09 $388K +27,090 +108.5%
47 ALB 0.08% 7,738 $1M $141.44 -$143K -7,526 -49.3%
48 DAR 0.08% 30,165 $1M $36.00 $155K +11 +0.0%
49 EXE 0.08% 9,689 $1M $110.36 $40K
50 VLO 0.07% 6,035 $982K $162.79 -$935K -5,224 -46.4%
51 CCK 0.07% 9,406 $969K $102.97 $60K
52 TOTB.DE 0.06% 14,988 $833K $55.59 +14,988 NEW
53 CRH.L 0.06% 6,192 $773K $124.80 $30K
54 TRP 0.05% 12,555 $691K $55.01 -$12M -214,556 -94.5%
55 CEG 0.05% 1,919 $678K $353.27 -$31K -236 -10.9%
56 VST 0.05% 4,032 $650K $161.33 -$197K -294 -6.8%
57 MLM 0.05% 1,008 $628K $622.66 -$8K
58 CCJ 0.05% 6,757 $618K $91.49 $52K
59 CF 0.05% 7,763 $600K $77.34 -$96K +2 +0.0%
60 MT 0.04% 14,669 $574K $39.14 -$1M -38,808 -72.6%
61 WY 0.04% 24,044 $570K $23.69 -$26K +4 +0.0%
62 SEE 0.04% 13,350 $553K $41.43 -$3M -76,677 -85.2%
63 IP 0.04% 13,990 $551K $39.39 +13,990 NEW
64 SUNC 0.04% 10,800 $532K $49.28 +10,800 NEW
65 BP 0.04% 118,388 $514K $4.34 $16K +1,685 +1.4%
66 EOG 0.04% 4,637 $487K $105.01 -$33K
67 KNTK 0.03% 11,700 $422K $36.05 +11,700 NEW
68 ADM 0.03% 7,096 $408K $57.49 -$16K +6 +0.1%
69 AM 0.02% 15,000 $267K $17.79 +15,000 NEW
70 ARLP —% -$16M -647,283 -100.0% SOLD
71 FMC —% -$455K -13,515 -100.0% SOLD
72 TTE —% -$898K -15,038 -100.0% SOLD

New Positions

SymbolValue% Port
KEY $85M 6.43%
LYB $3M 0.20%
EMN $3M 0.19%
HUN $2M 0.19%
TOTB.DE $833K 0.06%
IP $551K 0.04%
SUNC $532K 0.04%
KNTK $422K 0.03%
AM $267K 0.02%

Sold Out Positions

SymbolValue% Port
FMC —%
TTE —%
ARLP —%
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