13F HOLDINGS REPORT
Adams Asset Advisors, LLC
Quarter ended Q1 2024 · Filed April 9, 2024 · Accession 0001386929-24-000005
Total Value
$773.1M
Positions
77
Other Managers
0
Confidential Omitted
No
Holdings (77)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | OCCIDENTAL PETROL CORP | 674599105 | 3,583,935 | $232.9M | 30.13% |
| 2 | CALUMET SPECIALTY PROD | 131476103 | 5,450,591 | $81.0M | 10.48% |
| 3 | ENERGY TRANSFER LP | ET-PI | 1,456,465 | $22.9M | 2.96% |
| 4 | DORCHESTER MINERALS LP | DMLP | 628,183 | $21.2M | 2.74% |
| 5 | OCCIDENTAL PETE CORP WTS EXP 08/03/2027 | 674599162 | 468,580 | $20.2M | 2.61% |
| 6 | SUNOCO LP | SUN | 313,435 | $18.9M | 2.44% |
| 7 | APPLE INC | AAPL | 97,320 | $16.7M | 2.16% |
| 8 | NUSTAR ENERGY LP | NU | 675,196 | $15.7M | 2.03% |
| 9 | PLAINS ALL AMERICAN PIPELINE LP | 726503105 | 787,421 | $13.8M | 1.79% |
| 10 | VERIZON COMMUNICATIONS | VZ | 312,966 | $13.1M | 1.70% |
| 11 | ABBVIE | ABBV | 71,809 | $13.1M | 1.69% |
| 12 | BANK OF AMERICA | 060505104 | 341,515 | $13.0M | 1.68% |
| 13 | VALERO ENERGY CORP NEW | VLO | 72,395 | $12.4M | 1.60% |
| 14 | CITIGROUP INC | C-PR | 191,473 | $12.1M | 1.57% |
| 15 | HF SINCLAIR CORP | DINO | 195,946 | $11.8M | 1.53% |
| 16 | CHEVRON CORP | CVX | 74,701 | $11.8M | 1.52% |
| 17 | WESTERN MIDSTREAM PARTNERS LP | WES | 331,383 | $11.8M | 1.52% |
| 18 | ALTRIA GROUP INC | MO | 269,174 | $11.7M | 1.52% |
| 19 | AMGEN INC | AMGN | 40,049 | $11.4M | 1.47% |
| 20 | AT&T | T-PC | 631,483 | $11.1M | 1.44% |
| 21 | BRITISH AMER TOBACCO F SPONSORED ADR | 110448107 | 359,995 | $11.0M | 1.42% |
| 22 | WELLS FARGO & CO | 949746101 | 181,318 | $10.5M | 1.36% |
| 23 | CUMMINS INC | CMI | 35,083 | $10.3M | 1.34% |
| 24 | KIMBERLY-CLARK CORP | KMB | 79,629 | $10.3M | 1.33% |
| 25 | BRISTOL-MYERS SQUIBB COCOM | CELG-RI | 178,173 | $9.7M | 1.25% |
| 26 | NEWMONT COPR | NEMCL | 269,216 | $9.6M | 1.25% |
| 27 | KRAFT HEINZ CO | KHC | 247,443 | $9.1M | 1.18% |
| 28 | PFIZER INC | PFE | 311,761 | $8.7M | 1.12% |
| 29 | MPLX LP | MPLXP | 206,720 | $8.6M | 1.11% |
| 30 | CISCO SYSTEMS INC | CSCO | 165,601 | $8.3M | 1.07% |
| 31 | UNIVERSAL CORP VA | UVV | 151,106 | $7.8M | 1.01% |
| 32 | ENTERPRISE PRODUCTS PPTNSLP | 293792107 | 244,228 | $7.1M | 0.92% |
| 33 | GOLDMAN SACHS GROUP | GSCE | 16,633 | $6.9M | 0.90% |
| 34 | HP INC | HPQ | 229,384 | $6.9M | 0.90% |
| 35 | MICROSOFT CORP | MSFT | 15,102 | $6.4M | 0.82% |
| 36 | ALLIANCE RESOURCE PAR LP | ARLP | 310,885 | $6.2M | 0.81% |
| 37 | CONAGRA BRANDS INC | CAG | 208,195 | $6.2M | 0.80% |
| 38 | SMUCKER J M CO | 832696405 | 38,688 | $4.9M | 0.63% |
| 39 | PEPSICO INC | PEP | 26,722 | $4.7M | 0.60% |
| 40 | SELECT WATER SOLUTIONSINC CL A COM | WTTR | 409,161 | $3.8M | 0.49% |
| 41 | KINDER MORGAN INC | EP-PC | 196,525 | $3.6M | 0.47% |
| 42 | SUN COMMUNITIES REIT | 866674104 | 22,270 | $2.9M | 0.37% |
| 43 | UNITED PARCEL SERVICE | UPS | 17,185 | $2.6M | 0.33% |
| 44 | RLJ LODGING TRUST | RLJ-PA | 102,746 | $2.5M | 0.33% |
| 45 | BLACKSTONE SECURED LENDING F | BX | 64,850 | $2.0M | 0.26% |
| 46 | MEDICAL PROPERTIES TRUST INC | 58463J304 | 398,493 | $1.9M | 0.24% |
| 47 | ONEOK INC | OKE | 23,033 | $1.8M | 0.24% |
| 48 | GOLDMAN SACHS BDC INC | GSBD | 122,927 | $1.8M | 0.24% |
| 49 | WEYERHAEUSER CO COM | WY | 50,542 | $1.8M | 0.23% |
| 50 | FS KKR CAPITAL CORP | FSK | 92,221 | $1.8M | 0.23% |
| 51 | WILLIAMS COS INC | 969457100 | 38,437 | $1.5M | 0.19% |
| 52 | ENBRIDGE INC COM | ENNPF | 38,174 | $1.4M | 0.18% |
| 53 | WP CAREY INC COM | 92936U109 | 24,057 | $1.4M | 0.18% |
| 54 | REALTY INCOME COPR REIT | O | 23,991 | $1.3M | 0.17% |
| 55 | EXXON MOBIL CORP | XOM | 9,480 | $1.1M | 0.14% |
| 56 | STARWOOD PROPERTY TRUST INC | STHO | 49,031 | $996,800 | 0.13% |
| 57 | JOHNSON & JOHNSON | JNJ | 5,762 | $911,490 | 0.12% |
| 58 | SIMON PROPERTY GROUP INC | 828806109 | 5,789 | $905,921 | 0.12% |
| 59 | NEXPOINT DIVERSIFIED REAL ES | 65340G205 | 111,300 | $734,580 | 0.10% |
| 60 | TRINITY PETROLEUM TR | 896556107 | 10,020 | $721,440 | 0.09% |
| 61 | PROCTER AND GAMBLE CO | 742718109 | 4,250 | $689,562 | 0.09% |
| 62 | NNN REIT INC COM | NNN | 12,481 | $533,438 | 0.07% |
| 63 | BLUE OWL CAPITAL CORP | OWL | 31,107 | $478,426 | 0.06% |
| 64 | BRIGHTSPIRE CAPITAL INC | BRSP | 63,765 | $439,341 | 0.06% |
| 65 | GLOBAL PARTNERS LP COMUNITS | GLP-PB | 9,860 | $437,587 | 0.06% |
| 66 | HESS CORPORATION COM | HESM | 2,679 | $408,923 | 0.05% |
| 67 | ISHARES IBOXX INVESTMENT GRADE CORP BONDS | 464287242 | 3,476 | $378,624 | 0.05% |
| 68 | ARMADA HOFFLER PROPERTIES | 04208T108 | 31,658 | $329,243 | 0.04% |
| 69 | GLOBAL X FDS GLBL X MLPETF | 37954Y343 | 6,599 | $318,204 | 0.04% |
| 70 | BERKSHIRE HATHAWAY INC | BRK-A | 744 | $312,867 | 0.04% |
| 71 | PLAINS GP HOLDINGS LP | PAGP | 15,886 | $289,919 | 0.04% |
| 72 | FIRST FINANCIAL BANKSHARES INC | 32020R109 | 8,760 | $287,416 | 0.04% |
| 73 | MARATHON OIL CORP COM | MARA | 9,102 | $257,951 | 0.03% |
| 74 | VERTEX ENERGY INC | VERX | 180,000 | $252,000 | 0.03% |
| 75 | MURPHY OIL CORP COM | MUR | 5,165 | $236,040 | 0.03% |
| 76 | RAYONIER INC | RYN | 7,007 | $232,913 | 0.03% |
| 77 | NIO INC SPON ADS | NIOIF | 11,554 | $51,993 | 0.01% |