13F HOLDINGS REPORT
Recurrent Investment Advisors LLC
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001420506-25-003193
Total Value
$1.30B
Positions
64
Other Managers
0
Confidential Omitted
No
Holdings (64)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | CENOVUS ENERGY INC | CVE | 6,422,579 | $112.4M | 8.62% |
| 2 | ENERGY TRANSFER L P | ET-PI | 4,986,943 | $85.6M | 6.56% |
| 3 | TARGA RES CORP | TRGP | 507,014 | $84.9M | 6.51% |
| 4 | ONEOK INC NEW | OKE | 1,115,396 | $81.4M | 6.24% |
| 5 | SUNCOR ENERGY INC NEW | SU | 1,787,675 | $75.8M | 5.81% |
| 6 | PEMBINA PIPELINE CORP | PPLOF | 1,699,083 | $69.0M | 5.29% |
| 7 | PHILLIPS 66 | PSX | 464,470 | $63.2M | 4.84% |
| 8 | CHENIERE ENERGY INC | LNG | 268,456 | $63.1M | 4.84% |
| 9 | ENTERPRISE PRODS PARTNERS L | 293792107 | 1,737,572 | $54.3M | 4.17% |
| 10 | MARATHON PETE CORP | MARA | 280,862 | $54.1M | 4.15% |
| 11 | PBF ENERGY INC | PBF | 1,772,106 | $53.5M | 4.10% |
| 12 | WESTERN MIDSTREAM PARTNERS L | WES | 1,357,697 | $53.3M | 4.09% |
| 13 | WILLIAMS COS INC | 969457100 | 759,920 | $48.1M | 3.69% |
| 14 | SUNOCO LP/SUNOCO FIN CORP | SUN | 934,137 | $46.7M | 3.58% |
| 15 | SOUTH BOW CORP | SOBO | 1,605,964 | $45.6M | 3.49% |
| 16 | PLAINS GP HLDGS L P | PAGP | 2,433,011 | $44.4M | 3.40% |
| 17 | KINDER MORGAN INC DEL | EP-PC | 1,474,041 | $41.7M | 3.20% |
| 18 | DT MIDSTREAM INC | DTM | 352,018 | $39.8M | 3.05% |
| 19 | MURPHY USA INC | MUSA | 100,942 | $39.2M | 3.00% |
| 20 | ENBRIDGE INC | ENNPF | 464,535 | $23.4M | 1.80% |
| 21 | ALLIANCE RESOURCE PARTNERS L | ARLP | 647,283 | $16.4M | 1.25% |
| 22 | VIPER ENERGY INC | VNOM | 346,017 | $13.2M | 1.01% |
| 23 | TC ENERGY CORP | TRPRF | 227,111 | $12.4M | 0.95% |
| 24 | BARRICK MNG CORP | 06849F108 | 229,763 | $8.9M | 0.68% |
| 25 | NEWMONT CORP | NEMCL | 95,509 | $8.1M | 0.62% |
| 26 | CHEVRON CORP NEW | CVX | 43,063 | $6.7M | 0.51% |
| 27 | EXXON MOBIL CORP | XOM | 57,777 | $6.5M | 0.50% |
| 28 | NUTRIEN LTD | NTR | 50,060 | $4.1M | 0.31% |
| 29 | FREEPORT-MCMORAN INC | FCX | 89,261 | $3.5M | 0.27% |
| 30 | SEALED AIR CORP NEW | SE | 90,027 | $3.2M | 0.24% |
| 31 | CONOCOPHILLIPS | COP | 33,272 | $3.1M | 0.24% |
| 32 | TECK RESOURCES LTD | TCKRF | 47,177 | $2.5M | 0.19% |
| 33 | NUCOR CORP | NUE | 16,703 | $2.3M | 0.17% |
| 34 | VALERO ENERGY CORP | VLO | 11,259 | $1.9M | 0.15% |
| 35 | MATADOR RES CO | MTDR | 42,557 | $1.9M | 0.15% |
| 36 | CANADIAN NAT RES LTD | 136385101 | 59,242 | $1.9M | 0.15% |
| 37 | HALLIBURTON CO | HAL | 72,448 | $1.8M | 0.14% |
| 38 | ALCOA CORP | AA | 53,411 | $1.8M | 0.13% |
| 39 | DIAMONDBACK ENERGY INC | FANG | 11,756 | $1.7M | 0.13% |
| 40 | ARCELORMITTAL SA LUXEMBOURG | ARCXF | 53,477 | $1.6M | 0.13% |
| 41 | BHP GROUP LTD | BHPLF | 27,385 | $1.5M | 0.12% |
| 42 | VALE S A | VALE | 130,400 | $1.4M | 0.11% |
| 43 | SHELL PLC | RYDAF | 53,120 | $1.4M | 0.11% |
| 44 | WESTLAKE CORPORATION | WLK | 18,106 | $1.4M | 0.11% |
| 45 | ALBEMARLE CORP | ALB-PA | 15,264 | $1.2M | 0.09% |
| 46 | POSCO HOLDINGS INC | PKX | 24,951 | $1.2M | 0.09% |
| 47 | EXPAND ENERGY CORPORATION | EXE | 9,689 | $1.0M | 0.08% |
| 48 | RIO TINTO PLC | RTNTF | 15,517 | $1.0M | 0.08% |
| 49 | DARLING INGREDIENTS INC | DAR | 30,154 | $930,854 | 0.07% |
| 50 | CROWN HLDGS INC | CCK | 9,406 | $908,526 | 0.07% |
| 51 | TOTALENERGIES SE | TTE | 15,038 | $897,618 | 0.07% |
| 52 | MOSAIC CO NEW | MOS | 24,957 | $865,509 | 0.07% |
| 53 | VISTRA CORP | VST | 4,326 | $847,550 | 0.06% |
| 54 | CRH PLC | CRH | 6,192 | $742,421 | 0.06% |
| 55 | CONSTELLATION ENERGY CORP | CEG | 2,155 | $709,146 | 0.05% |
| 56 | CF INDS HLDGS INC | 125269100 | 7,761 | $696,162 | 0.05% |
| 57 | DOW INC | DOW | 28,262 | $648,048 | 0.05% |
| 58 | MARTIN MARIETTA MATLS INC | 573284106 | 1,008 | $635,322 | 0.05% |
| 59 | WEYERHAEUSER CO MTN BE | WY | 24,040 | $595,952 | 0.05% |
| 60 | CAMECO CORP | CCJ | 6,757 | $566,642 | 0.04% |
| 61 | EOG RES INC | EOG | 4,637 | $519,900 | 0.04% |
| 62 | BP PLC | BPPFF | 116,703 | $498,617 | 0.04% |
| 63 | FMC CORP | FMC | 13,515 | $454,509 | 0.03% |
| 64 | ARCHER DANIELS MIDLAND CO | ADM | 7,090 | $423,557 | 0.03% |