13F HOLDINGS REPORT
Recurrent Investment Advisors LLC
Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0001420506-25-002061
Total Value
$1.24B
Positions
64
Other Managers
0
Confidential Omitted
No
Holdings (64)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | CENOVUS ENERGY INC | CVE | 6,300,950 | $88.1M | 7.13% |
| 2 | ENERGY TRANSFER L P | ET-PI | 4,792,806 | $86.9M | 7.03% |
| 3 | ONEOK INC NEW | OKE | 948,758 | $77.4M | 6.27% |
| 4 | TARGA RES CORP | TRGP | 435,891 | $75.9M | 6.14% |
| 5 | CHENIERE ENERGY INC | LNG | 311,278 | $75.8M | 6.13% |
| 6 | PEMBINA PIPELINE CORP | PPLOF | 1,851,164 | $69.7M | 5.64% |
| 7 | SUNCOR ENERGY INC NEW | SU | 1,791,431 | $68.0M | 5.50% |
| 8 | PHILLIPS 66 | PSX | 466,980 | $55.7M | 4.51% |
| 9 | ENTERPRISE PRODS PARTNERS L | 293792107 | 1,740,189 | $54.0M | 4.37% |
| 10 | PLAINS GP HLDGS L P | PAGP | 2,704,194 | $52.6M | 4.25% |
| 11 | WESTERN MIDSTREAM PARTNERS L | WES | 1,358,380 | $52.6M | 4.25% |
| 12 | PBF ENERGY INC | PBF | 2,387,824 | $51.7M | 4.19% |
| 13 | SUNOCO LP/SUNOCO FIN CORP | SUN | 933,586 | $50.0M | 4.05% |
| 14 | WILLIAMS COS INC | 969457100 | 761,885 | $47.9M | 3.87% |
| 15 | MARATHON PETE CORP | MARA | 280,551 | $46.6M | 3.77% |
| 16 | KINDER MORGAN INC DEL | EP-PC | 1,484,654 | $43.6M | 3.53% |
| 17 | SOUTH BOW CORP | SOBO | 1,604,864 | $41.7M | 3.37% |
| 18 | DT MIDSTREAM INC | DTM | 350,928 | $38.6M | 3.12% |
| 19 | VALERO ENERGY CORP | VLO | 179,654 | $24.1M | 1.95% |
| 20 | ENBRIDGE INC | ENNPF | 464,099 | $21.0M | 1.70% |
| 21 | ALLIANCE RESOURCE PARTNERS L | ARLP | 656,855 | $17.2M | 1.39% |
| 22 | VIPER ENERGY INC | VNOM | 345,748 | $13.2M | 1.07% |
| 23 | TC ENERGY CORP | TRPRF | 224,854 | $11.0M | 0.89% |
| 24 | EXXON MOBIL CORP | XOM | 57,766 | $6.2M | 0.50% |
| 25 | NEWMONT CORP | NEMCL | 95,509 | $5.6M | 0.45% |
| 26 | BARRICK MNG CORP | 06849F108 | 215,805 | $5.3M | 0.43% |
| 27 | NUTRIEN LTD | NTR | 50,060 | $4.0M | 0.32% |
| 28 | FREEPORT-MCMORAN INC | FCX | 89,261 | $3.9M | 0.31% |
| 29 | CHEVRON CORP NEW | CVX | 21,224 | $3.0M | 0.25% |
| 30 | CONOCOPHILLIPS | COP | 33,272 | $3.0M | 0.24% |
| 31 | HESS CORP | HESM | 21,308 | $3.0M | 0.24% |
| 32 | SEALED AIR CORP NEW | SE | 90,027 | $2.8M | 0.23% |
| 33 | NUCOR CORP | NUE | 21,122 | $2.7M | 0.22% |
| 34 | TECK RESOURCES LTD | TCKRF | 47,177 | $2.3M | 0.18% |
| 35 | MATADOR RES CO | MTDR | 42,546 | $2.0M | 0.16% |
| 36 | CANADIAN NAT RES LTD | 136385101 | 59,242 | $1.9M | 0.15% |
| 37 | DIAMONDBACK ENERGY INC | FANG | 11,756 | $1.6M | 0.13% |
| 38 | ALCOA CORP | AA | 53,411 | $1.6M | 0.13% |
| 39 | HALLIBURTON CO | HAL | 72,448 | $1.5M | 0.12% |
| 40 | ARCELORMITTAL SA LUXEMBOURG | ARCXF | 53,477 | $1.4M | 0.12% |
| 41 | WESTLAKE CORPORATION | WLK | 18,104 | $1.4M | 0.11% |
| 42 | SHELL PLC | RYDAF | 52,591 | $1.3M | 0.11% |
| 43 | BHP GROUP LTD | BHPLF | 27,385 | $1.3M | 0.11% |
| 44 | DARLING INGREDIENTS INC | DAR | 32,152 | $1.2M | 0.10% |
| 45 | POSCO HOLDINGS INC | PKX | 24,951 | $1.2M | 0.10% |
| 46 | EXPAND ENERGY CORPORATION | EXE | 9,689 | $1.1M | 0.09% |
| 47 | VISTRA CORP | VST | 5,076 | $983,780 | 0.08% |
| 48 | VALE S A | VALE | 100,377 | $974,661 | 0.08% |
| 49 | CROWN HLDGS INC | CCK | 9,406 | $968,630 | 0.08% |
| 50 | ALBEMARLE CORP | ALB-PA | 15,278 | $957,472 | 0.08% |
| 51 | TOTALENERGIES SE | TTE | 15,038 | $923,183 | 0.07% |
| 52 | MOSAIC CO NEW | MOS | 24,957 | $910,431 | 0.07% |
| 53 | RIO TINTO PLC | RTNTF | 15,517 | $905,107 | 0.07% |
| 54 | MURPHY USA INC | MUSA | 1,990 | $809,532 | 0.07% |
| 55 | DOW INC | DOW | 28,262 | $748,378 | 0.06% |
| 56 | CONSTELLATION ENERGY CORP | CEG | 2,305 | $743,962 | 0.06% |
| 57 | CF INDS HLDGS INC | 125269100 | 7,758 | $713,736 | 0.06% |
| 58 | WEYERHAEUSER CO MTN BE | WY | 24,040 | $617,588 | 0.05% |
| 59 | CRH PLC | CRH | 6,192 | $568,426 | 0.05% |
| 60 | FMC CORP | FMC | 13,515 | $564,251 | 0.05% |
| 61 | EOG RES INC | EOG | 4,637 | $554,632 | 0.04% |
| 62 | MARTIN MARIETTA MATLS INC | 573284106 | 1,008 | $553,352 | 0.04% |
| 63 | CAMECO CORP | CCJ | 6,757 | $501,572 | 0.04% |
| 64 | ARCHER DANIELS MIDLAND CO | ADM | 7,089 | $374,157 | 0.03% |