13F HOLDINGS REPORT
Adams Asset Advisors, LLC
Quarter ended Q1 2025 · Filed April 21, 2025 · Accession 0001386929-25-000004
Total Value
$729.5M
Positions
77
Other Managers
0
Confidential Omitted
No
Holdings (77)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | OCCIDENTAL PETROL CORP | 674599105 | 3,532,753 | $174.4M | 23.90% |
| 2 | CALUMET INC | CLMT | 5,356,323 | $67.9M | 9.31% |
| 3 | SUNOCO LP | SUN | 569,273 | $33.1M | 4.53% |
| 4 | ENERGY TRANSFER LP | ET-PI | 1,415,760 | $26.3M | 3.61% |
| 5 | APPLE INC | AAPL | 92,249 | $20.5M | 2.81% |
| 6 | DORCHESTER MINERALS LP | DMLP | 559,508 | $16.8M | 2.31% |
| 7 | ALTRIA GROUP INC | MO | 272,452 | $16.4M | 2.24% |
| 8 | BRITISH AMER TOBACCO F SPONSORED ADR | 110448107 | 385,516 | $15.9M | 2.19% |
| 9 | PLAINS ALL AMERICAN PIPELINE LP | 726503105 | 763,172 | $15.3M | 2.09% |
| 10 | ABBVIE | ABBV | 70,555 | $14.8M | 2.03% |
| 11 | WESTERN MIDSTREAM PARTNERS LP | WES | 323,781 | $13.3M | 1.82% |
| 12 | CHEVRON CORP | CVX | 77,716 | $13.0M | 1.78% |
| 13 | OCCIDENTAL PETE CORP WTS EXP 08/03/2027 | 674599162 | 468,312 | $13.0M | 1.78% |
| 14 | WELLS FARGO & CO | 949746101 | 175,889 | $12.6M | 1.73% |
| 15 | AMGEN INC | AMGN | 39,803 | $12.4M | 1.70% |
| 16 | AT&T | T-PC | 432,279 | $12.2M | 1.68% |
| 17 | CITIGROUP INC | C-PR | 171,242 | $12.2M | 1.67% |
| 18 | VERIZON COMMUNICATIONS | VZ | 257,230 | $11.7M | 1.60% |
| 19 | BANK OF AMERICA | 060505104 | 264,372 | $11.0M | 1.51% |
| 20 | CISCO SYSTEMS INC | CSCO | 177,970 | $11.0M | 1.51% |
| 21 | NEWMONT CORP | NEMCL | 219,669 | $10.6M | 1.45% |
| 22 | MPLX LP | MPLXP | 195,760 | $10.5M | 1.44% |
| 23 | KIMBERLY-CLARK CORP | KMB | 69,519 | $9.9M | 1.36% |
| 24 | KRAFT HEINZ CO | KHC | 324,692 | $9.9M | 1.35% |
| 25 | VALERO ENERGY CORP NEW | VLO | 70,963 | $9.4M | 1.28% |
| 26 | HF SINCLAIR CORP | DINO | 279,433 | $9.2M | 1.26% |
| 27 | BRISTOL-MYERS SQUIBB COCOM | CELG-RI | 147,767 | $9.0M | 1.24% |
| 28 | ALLIANCE RESOURCE PAR LP | ARLP | 330,067 | $9.0M | 1.23% |
| 29 | CUMMINS INC | CMI | 28,704 | $9.0M | 1.23% |
| 30 | PFIZER INC | PFE | 347,949 | $8.8M | 1.21% |
| 31 | UNIVERSAL CORP | UVV | 151,106 | $8.5M | 1.16% |
| 32 | ENTERPRISE PRODUCTS PPTNSLP | 293792107 | 244,228 | $8.3M | 1.14% |
| 33 | GOLDMAN SACHS GROUP | GSCE | 14,778 | $8.1M | 1.11% |
| 34 | HP INC | HPQ | 229,384 | $6.4M | 0.87% |
| 35 | MICROSOFT CORP | MSFT | 16,186 | $6.1M | 0.83% |
| 36 | CONAGRA BRANDS INC | CAG | 218,178 | $5.8M | 0.80% |
| 37 | PEPSICO INC | PEP | 34,244 | $5.1M | 0.70% |
| 38 | UNITED PARCEL SERVICE | UPS | 40,769 | $4.5M | 0.61% |
| 39 | SELECT WATER SOLUTIONSINC CL A COM | WTTR | 409,161 | $4.3M | 0.59% |
| 40 | KINDER MORGAN INC | EP-PC | 137,628 | $3.9M | 0.54% |
| 41 | W P CAREY INC COM | 92936U109 | 60,203 | $3.8M | 0.52% |
| 42 | GOLDMAN SACHS BDC INC | GSBD | 268,593 | $3.1M | 0.43% |
| 43 | DELEK LOGISTICS PARTNERS LP | DKL | 67,293 | $2.9M | 0.40% |
| 44 | SUN COMMUNITIES REIT | 866674104 | 22,270 | $2.9M | 0.39% |
| 45 | FS KKR CAPITAL CORP | FSK | 132,626 | $2.8M | 0.38% |
| 46 | ENBRIDGE INC COM | ENNPF | 48,142 | $2.1M | 0.29% |
| 47 | WILLIAMS COS INC | 969457100 | 34,884 | $2.1M | 0.29% |
| 48 | RLJ LODGING TRUST | RLJ-PA | 85,275 | $2.1M | 0.29% |
| 49 | ONEOK INC | OKE | 18,941 | $1.9M | 0.26% |
| 50 | STARWOOD PROPERTY TRUST INC | STHO | 83,675 | $1.7M | 0.23% |
| 51 | ARMADA HOFFLER PROPERTIES | 04208T108 | 220,241 | $1.7M | 0.23% |
| 52 | MEDICAL PROPERTIES TRUST INC | 58463J304 | 271,226 | $1.6M | 0.22% |
| 53 | BLACKSTONE SECURED LENDING F | BX | 50,350 | $1.6M | 0.22% |
| 54 | REALTY INCOME COPR REIT | O | 26,661 | $1.5M | 0.21% |
| 55 | WEYERHAEUSER CO COM | WY | 50,542 | $1.5M | 0.20% |
| 56 | NUVEEN CHURCHILL DIRECT LEND | 67090S108 | 82,394 | $1.4M | 0.19% |
| 57 | PEABODY ENERGY CORP | BTU | 100,000 | $1.4M | 0.19% |
| 58 | PLYMOUTH INDUSTRIAL REIT INC | 729640102 | 77,732 | $1.3M | 0.17% |
| 59 | MORGAN STANLEY DIRECT LENDIN | 61774A103 | 62,992 | $1.3M | 0.17% |
| 60 | GOLUB CAPITAL BDC INC | 38173M102 | 80,190 | $1.2M | 0.17% |
| 61 | EXXON MOBIL CORP | XOM | 8,578 | $1.0M | 0.14% |
| 62 | BLUE OWL CAPITAL CORP | OWL | 69,555 | $1.0M | 0.14% |
| 63 | SIMON PROPERTY GROUP INC | 828806109 | 5,789 | $961,437 | 0.13% |
| 64 | JOHNSON & JOHNSON | JNJ | 5,762 | $955,570 | 0.13% |
| 65 | ALPHABET INC CAPT STK CLA | GOOG | 6,075 | $939,438 | 0.13% |
| 66 | NNN REIT INC COM | NNN | 18,611 | $793,759 | 0.11% |
| 67 | TRINITY PETROLEUM TR | 896556107 | 10,020 | $646,290 | 0.09% |
| 68 | PROCTER AND GAMBLE CO | 742718109 | 3,641 | $620,499 | 0.09% |
| 69 | GLOBAL PARTNERS LP COMUNITS | GLP-PB | 9,860 | $526,327 | 0.07% |
| 70 | BERKSHIRE HATHAWAY INC | BRK-A | 744 | $396,240 | 0.05% |
| 71 | GLOBAL X FDS GLBL X MLPETF | 37954Y343 | 6,599 | $351,265 | 0.05% |
| 72 | ISHARES IBOXX INVESTMENT GRADE CORP BONDS | 464287242 | 3,229 | $350,978 | 0.05% |
| 73 | PLAINS GP HOLDINGS LP | PAGP | 15,886 | $339,325 | 0.05% |
| 74 | FIRST FINANCIAL BANKSHARES INC | 32020R109 | 8,760 | $314,659 | 0.04% |
| 75 | ISHARES SILVER TRUST ETF IV | SLV | 7,000 | $216,930 | 0.03% |
| 76 | NEXPOINT DIVERSIFIED REAL ES | 65340G205 | 56,300 | $215,629 | 0.03% |
| 77 | RAYONIER INC | RYN | 7,482 | $208,598 | 0.03% |