13F HOLDINGS REPORT (Amended)
Adams Asset Advisors, LLC
Quarter ended Q2 2025 · Filed July 8, 2025 · Accession 0001386929-25-000006
Total Value
$710.7M
Positions
81
Other Managers
0
Confidential Omitted
No
Holdings (80)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | OCCIDENTAL PETROL CORP | 674599105 | 3,532,753 | $148.4M | 20.88% |
| 2 | CALUMET INC | CLMT | 5,406,271 | $85.2M | 11.98% |
| 3 | SUNOCO LP | SUN | 571,547 | $30.6M | 4.31% |
| 4 | ENERGY TRANSFER LP | ET-PI | 1,423,717 | $25.8M | 3.63% |
| 5 | APPLE INC | AAPL | 85,468 | $17.5M | 2.47% |
| 6 | DORCHESTER MINERALS LP | DMLP | 617,108 | $17.2M | 2.42% |
| 7 | BRITISH AMER TOBACCO F SPONSORED ADR | 110448107 | 346,549 | $16.4M | 2.31% |
| 8 | PLAINS ALL AMERICAN PIPELINE LP | 726503105 | 787,922 | $14.4M | 2.03% |
| 9 | ALTRIA GROUP INC | MO | 238,344 | $14.0M | 1.97% |
| 10 | CITIGROUP INC | C-PR | 152,433 | $13.0M | 1.83% |
| 11 | WELLS FARGO & CO | 949746101 | 161,478 | $12.9M | 1.82% |
| 12 | NEWMONT CORP | NEMCL | 218,258 | $12.7M | 1.79% |
| 13 | WESTERN MIDSTREAM PARTNERS LP | WES | 327,105 | $12.7M | 1.78% |
| 14 | AT&T | T-PC | 437,240 | $12.7M | 1.78% |
| 15 | BANK OF AMERICA | 060505104 | 249,384 | $11.8M | 1.66% |
| 16 | ABBVIE | ABBV | 63,429 | $11.8M | 1.66% |
| 17 | CISCO SYSTEMS INC | CSCO | 158,192 | $11.0M | 1.54% |
| 18 | MPLX LP | MPLXP | 209,589 | $10.8M | 1.52% |
| 19 | GOLDMAN SACHS GROUP | GSCE | 14,967 | $10.6M | 1.49% |
| 20 | VERIZON COMMUNICATIONS | VZ | 235,178 | $10.2M | 1.43% |
| 21 | AMGEN INC | AMGN | 36,182 | $10.1M | 1.42% |
| 22 | HF SINCLAIR CORP | DINO | 244,909 | $10.1M | 1.42% |
| 23 | CHEVRON CORP | CVX | 68,978 | $9.9M | 1.39% |
| 24 | OCCIDENTAL PETE CORP WTS EXP 08/03/2027 | 674599162 | 468,312 | $9.7M | 1.36% |
| 25 | CUMMINS INC | CMI | 29,551 | $9.7M | 1.36% |
| 26 | KIMBERLY-CLARK CORP | KMB | 71,125 | $9.2M | 1.29% |
| 27 | VALERO ENERGY CORP NEW | VLO | 65,962 | $8.9M | 1.25% |
| 28 | ALLIANCE RESOURCE PAR LP | ARLP | 334,845 | $8.8M | 1.23% |
| 29 | UNIVERSAL CORP | UVV | 149,418 | $8.7M | 1.22% |
| 30 | ENTERPRISE PRODUCTS PPTNSLP | 293792107 | 248,234 | $7.7M | 1.08% |
| 31 | KRAFT HEINZ CO | KHC | 297,853 | $7.7M | 1.08% |
| 32 | PFIZER INC | PFE | 295,919 | $7.2M | 1.01% |
| 33 | MICROSOFT CORP | MSFT | 14,237 | $7.1M | 1.00% |
| 34 | SCHWAB US DIVIDEND EQUITY ETF | 808524797 | 231,786 | $6.1M | 0.86% |
| 35 | HP INC | HPQ | 237,799 | $5.8M | 0.82% |
| 36 | BRISTOL-MYERS SQUIBB COCOM | CELG-RI | 124,472 | $5.8M | 0.81% |
| 37 | UNITED PARCEL SERVICE | UPS | 51,480 | $5.2M | 0.73% |
| 38 | W P CAREY INC COM | 92936U109 | 71,975 | $4.5M | 0.63% |
| 39 | KINDER MORGAN INC | EP-PC | 136,684 | $4.0M | 0.57% |
| 40 | CONAGRA BRANDS INC | CAG | 193,623 | $4.0M | 0.56% |
| 41 | PEPSICO INC | PEP | 28,554 | $3.8M | 0.53% |
| 42 | GOLDMAN SACHS BDC INC | GSBD | 325,788 | $3.7M | 0.52% |
| 43 | SELECT WATER SOLUTIONSINC CL A COM | WTTR | 409,161 | $3.5M | 0.50% |
| 44 | DELEK LOGISTICS PARTNERS LP | DKL | 70,288 | $3.0M | 0.42% |
| 45 | FS KKR CAPITAL CORP | FSK | 142,637 | $3.0M | 0.42% |
| 46 | SUN COMMUNITIES REIT | 866674104 | 22,270 | $2.8M | 0.40% |
| 47 | REALTY INCOME COPR REIT | O | 42,323 | $2.4M | 0.34% |
| 48 | RLJ LODGING TRUST | RLJ-PA | 97,958 | $2.3M | 0.33% |
| 49 | WILLIAMS COS INC | 969457100 | 34,884 | $2.2M | 0.31% |
| 50 | ENBRIDGE INC COM | ENNPF | 46,445 | $2.1M | 0.30% |
| 51 | GOLUB CAPITAL BDC INC | 38173M102 | 137,723 | $2.0M | 0.28% |
| 52 | NNN REIT INC COM | NNN | 40,766 | $1.8M | 0.25% |
| 53 | MORGAN STANLEY DIRECT LENDIN | 61774A103 | 90,516 | $1.7M | 0.24% |
| 54 | STARWOOD PROPERTY TRUST INC | STHO | 83,675 | $1.7M | 0.24% |
| 55 | BLACKSTONE SECURED LENDING F | BX | 50,350 | $1.5M | 0.22% |
| 56 | ONEOK INC | OKE | 18,941 | $1.5M | 0.22% |
| 57 | ARMADA HOFFLER PROPERTIES | 04208T108 | 220,241 | $1.5M | 0.21% |
| 58 | NUVEEN CHURCHILL DIRECT LEND | 67090S108 | 90,151 | $1.5M | 0.21% |
| 59 | BLUE OWL CAPITAL CORP | OWL | 100,430 | $1.4M | 0.20% |
| 60 | SCHWAB US LARGE-CAP GROWTH ETF | 808524300 | 46,573 | $1.4M | 0.19% |
| 61 | PEABODY ENERGY CORP | BTU | 100,000 | $1.3M | 0.19% |
| 62 | GLOBAL X FDS GLBL X MLP ETF | 37954Y343 | 25,975 | $1.3M | 0.18% |
| 63 | PLYMOUTH INDUSTRIAL REIT INC | 729640102 | 77,732 | $1.2M | 0.18% |
| 64 | VANECK ETF TR VANECK BDC INCOME ETF | 92189F411 | 76,419 | $1.2M | 0.18% |
| 65 | ISHARES IBOXX INVESTMENT GRADE CORP BONDS | 464287242 | 11,180 | $1.2M | 0.17% |
| 66 | WEYERHAEUSER CO COM | WY | 46,591 | $1.2M | 0.17% |
| 67 | MEDICAL PROPERTIES TRUST INC | 58463J304 | 271,226 | $1.2M | 0.16% |
| 68 | ALPHABET INC CAPT STK CLA | GOOG | 6,261 | $1.1M | 0.16% |
| 69 | EXXON MOBIL CORP | XOM | 10,040 | $1.1M | 0.15% |
| 70 | GLOBAL X US PREFERRED ETF | 37954Y657 | 49,806 | $937,846 | 0.13% |
| 71 | SIMON PROPERTY GROUP INC | 828806109 | 5,789 | $930,640 | 0.13% |
| 72 | PROCTER AND GAMBLE CO | 742718109 | 3,641 | $580,084 | 0.08% |
| 73 | TRINITY PETROLEUM TR | 896556107 | 10,020 | $541,080 | 0.08% |
| 74 | GLOBAL PARTNERS LP COMUNITS | GLP-PB | 9,860 | $519,918 | 0.07% |
| 75 | PLAINS GP HOLDINGS LP | PAGP | 20,909 | $406,262 | 0.06% |
| 76 | BERKSHIRE HATHAWAY INC | BRK-A | 744 | $361,413 | 0.05% |
| 77 | JOHNSON & JOHNSON | JNJ | 2,347 | $358,504 | 0.05% |
| 78 | FIRST FINANCIAL BANKSHARES INC | 32020R109 | 8,760 | $315,185 | 0.04% |
| 79 | NEXPOINT DIVERSIFIED REAL ES | 65340G205 | 56,300 | $235,897 | 0.03% |
| 80 | ISHARES SILVER TRUST ETF IV | SLV | 7,000 | $229,670 | 0.03% |