13F HOLDINGS REPORT
Adams Asset Advisors, LLC
Quarter ended Q4 2025 · Filed January 15, 2026 · Accession 0001386929-26-000001
Total Value
$760.1M
Positions
83
Other Managers
0
Confidential Omitted
No
Holdings (83)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | OCCIDENTAL PETROL CORP | 674599105 | 3,282,753 | $135.0M | 17.76% |
| 2 | CALUMET INC | CLMT | 5,156,271 | $102.5M | 13.48% |
| 3 | SUNOCO LP | SUN | 571,547 | $30.0M | 3.94% |
| 4 | ENERGY TRANSFER LP | ET-PI | 1,422,619 | $23.5M | 3.09% |
| 5 | APPLE INC | AAPL | 78,074 | $21.2M | 2.79% |
| 6 | NEWMONT CORP | NEMCL | 202,569 | $20.2M | 2.66% |
| 7 | BRITISH AMER TOBACCO F SPONSORED ADR | 110448107 | 343,016 | $19.4M | 2.56% |
| 8 | DORCHESTER MINERALS LP | DMLP | 814,852 | $18.2M | 2.40% |
| 9 | CITIGROUP INC | C-PR | 150,376 | $17.5M | 2.31% |
| 10 | CUMMINS INC | CMI | 29,259 | $14.9M | 1.97% |
| 11 | WELLS FARGO & CO | 949746101 | 159,768 | $14.9M | 1.96% |
| 12 | PLAINS ALL AMERICAN PIPELINE LP | 726503105 | 827,791 | $14.9M | 1.96% |
| 13 | ABBVIE | ABBV | 62,912 | $14.4M | 1.89% |
| 14 | BANK OF AMERICA | 060505104 | 248,042 | $13.6M | 1.79% |
| 15 | ALTRIA GROUP INC | MO | 235,728 | $13.6M | 1.79% |
| 16 | WESTERN MIDSTREAM PARTNERS LP | WES | 342,105 | $13.5M | 1.78% |
| 17 | CISCO SYSTEMS INC | CSCO | 157,148 | $12.1M | 1.59% |
| 18 | VERIZON COMMUNICATIONS | VZ | 289,825 | $11.8M | 1.55% |
| 19 | AMGEN INC | AMGN | 35,899 | $11.8M | 1.55% |
| 20 | ENTERPRISE PRODUCTS PPTNSLP | 293792107 | 364,668 | $11.7M | 1.54% |
| 21 | GOLDMAN SACHS GROUP | GSCE | 13,142 | $11.6M | 1.52% |
| 22 | HF SINCLAIR CORP | DINO | 243,842 | $11.2M | 1.48% |
| 23 | MPLX LP | MPLXP | 209,589 | $11.2M | 1.47% |
| 24 | AT&T | T-PC | 433,735 | $10.8M | 1.42% |
| 25 | VALERO ENERGY CORP NEW | VLO | 65,621 | $10.7M | 1.41% |
| 26 | CHEVRON CORP | CVX | 68,542 | $10.4M | 1.37% |
| 27 | OCCIDENTAL PETE CORP WTS EXP 08/03/2027 | 674599162 | 468,312 | $9.0M | 1.19% |
| 28 | PFIZER INC | PFE | 341,161 | $8.5M | 1.12% |
| 29 | KIMBERLY-CLARK CORP | KMB | 79,671 | $8.0M | 1.06% |
| 30 | UNIVERSAL CORP | UVV | 142,083 | $7.5M | 0.99% |
| 31 | MICROSOFT CORP | MSFT | 13,924 | $6.7M | 0.89% |
| 32 | BRISTOL-MYERS SQUIBB COCOM | CELG-RI | 123,294 | $6.7M | 0.87% |
| 33 | SCHWAB US DIVIDEND EQUITY ETF | 808524797 | 227,090 | $6.2M | 0.82% |
| 34 | HORMEL FOODS COPR | HRL | 255,275 | $6.1M | 0.80% |
| 35 | ALLIANCE RESOURCE PAR LP | ARLP | 255,397 | $5.9M | 0.78% |
| 36 | PEPSICO INC | PEP | 39,411 | $5.7M | 0.74% |
| 37 | HP INC | HPQ | 236,002 | $5.3M | 0.69% |
| 38 | W P CAREY INC COM | 92936U109 | 73,318 | $4.7M | 0.62% |
| 39 | SELECT WATER SOLUTIONSINC CL A COM | WTTR | 409,161 | $4.3M | 0.57% |
| 40 | KINDER MORGAN INC | EP-PC | 136,684 | $3.8M | 0.49% |
| 41 | UNITED PARCEL SERVICE | UPS | 36,047 | $3.6M | 0.47% |
| 42 | BERKSHIRE HATHAWAY INC | BRK-A | 6,837 | $3.4M | 0.45% |
| 43 | GOLDMAN SACHS BDC INC | GSBD | 340,245 | $3.2M | 0.42% |
| 44 | DELEK LOGISTICS PARTNERS LP | DKL | 70,288 | $3.1M | 0.41% |
| 45 | PEABODY ENERGY CORP | BTU | 100,000 | $3.0M | 0.39% |
| 46 | RLJ LODGING TRUST | RLJ-PA | 112,432 | $2.8M | 0.37% |
| 47 | SUN COMMUNITIES REIT | 866674104 | 22,270 | $2.8M | 0.36% |
| 48 | ARMADA HOFFLER PROPERTIES | 04208T108 | 409,923 | $2.7M | 0.36% |
| 49 | CONAGRA BRANDS INC | CAG | 145,379 | $2.5M | 0.33% |
| 50 | REALTY INCOME COPR REIT | O | 44,286 | $2.5M | 0.33% |
| 51 | GLOBAL X FDS GLBL X MLP ETF | 37954Y343 | 48,888 | $2.4M | 0.31% |
| 52 | BROADCOM INC COM | AVGO | 6,703 | $2.3M | 0.31% |
| 53 | ENBRIDGE INC COM | ENNPF | 46,445 | $2.2M | 0.29% |
| 54 | WILLIAMS COS INC | 969457100 | 34,884 | $2.1M | 0.28% |
| 55 | GOLUB CAPITAL BDC INC | 38173M102 | 146,834 | $2.0M | 0.26% |
| 56 | BLUE OWL CAPITAL CORP | OWL | 158,084 | $2.0M | 0.26% |
| 57 | FS KKR CAPITAL CORP | FSK | 132,384 | $2.0M | 0.26% |
| 58 | ALPHABET INC CAPT STK CLA | GOOG | 6,261 | $2.0M | 0.26% |
| 59 | NNN REIT INC COM | NNN | 47,524 | $1.9M | 0.25% |
| 60 | MORGAN STANLEY DIRECT LENDIN | 61774A103 | 111,397 | $1.8M | 0.24% |
| 61 | SCHWAB US LARGE-CAP GROWTH ETF | 808524300 | 48,782 | $1.6M | 0.21% |
| 62 | ONEOK INC | OKE | 18,941 | $1.4M | 0.18% |
| 63 | MEDICAL PROPERTIES TRUST INC | 58463J304 | 271,226 | $1.4M | 0.18% |
| 64 | BLACKSTONE SECURED LENDING F | BX | 49,337 | $1.3M | 0.17% |
| 65 | WEYERHAEUSER CO COM | WY | 54,313 | $1.3M | 0.17% |
| 66 | EXXON MOBIL CORP | XOM | 10,040 | $1.2M | 0.16% |
| 67 | ISHARES IBOXX INVESTMENT GRADE CORP BONDS | 464287242 | 10,662 | $1.2M | 0.15% |
| 68 | NUVEEN CHURCHILL DIRECT LEND | 67090S108 | 87,695 | $1.2M | 0.15% |
| 69 | STARWOOD PROPERTY TRUST INC | STHO | 64,530 | $1.2M | 0.15% |
| 70 | CRESCENT CAP BDC INC COM | 225655109 | 79,828 | $1.1M | 0.15% |
| 71 | PLAINS GP HOLDINGS LP | PAGP | 57,753 | $1.1M | 0.15% |
| 72 | VANECK ETF TR VANECK BDC INCOME ETF | 92189F411 | 76,171 | $1.1M | 0.14% |
| 73 | SIMON PROPERTY GROUP INC | 828806109 | 5,789 | $1.1M | 0.14% |
| 74 | GLOBAL X FDS US PREFERRED ETF | 37954Y657 | 49,452 | $935,137 | 0.12% |
| 75 | PROCTER AND GAMBLE CO | 742718109 | 5,483 | $785,769 | 0.10% |
| 76 | TRINITY PETROLEUM TR | 896556107 | 10,020 | $525,048 | 0.07% |
| 77 | JOHNSON & JOHNSON | JNJ | 2,347 | $485,711 | 0.06% |
| 78 | ISHARES SILVER TRUST ETF IV | SLV | 7,000 | $450,940 | 0.06% |
| 79 | BLUE OWL CAPITAL INC COM CL A | OWL | 29,233 | $436,741 | 0.06% |
| 80 | GLOBAL PARTNERS LP COMUNITS | GLP-PB | 9,860 | $412,641 | 0.05% |
| 81 | HESS MIDSTREAM LP CL A | HESM | 11,872 | $409,584 | 0.05% |
| 82 | KAYNE ANDERSON BDC INC | KBDC | 20,341 | $291,283 | 0.04% |
| 83 | FIRST FINANCIAL BANKSHARES INC | 32020R109 | 8,760 | $261,661 | 0.03% |