13F HOLDINGS REPORT
Recurrent Investment Advisors LLC
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001420506-26-000354
Total Value
$1.35B
Positions
71
Other Managers
0
Confidential Omitted
No
Holdings (71)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | CENOVUS ENERGY INC | CVE | 6,363,516 | $111.1M | 8.21% |
| 2 | TARGA RES CORP | TRGP | 528,546 | $97.5M | 7.21% |
| 3 | ENERGY TRANSFER L P | ET-PI | 5,351,355 | $88.2M | 6.52% |
| 4 | ONEOK INC NEW | OKE | 1,152,806 | $84.7M | 6.27% |
| 5 | KEYCORP | 493267108 | 1,920,957 | $84.5M | 6.25% |
| 6 | SUNCOR ENERGY INC NEW | SU | 1,760,388 | $79.2M | 5.85% |
| 7 | PHILLIPS 66 | PSX | 454,741 | $58.7M | 4.34% |
| 8 | PEMBINA PIPELINE CORP | PPLOF | 1,490,143 | $57.0M | 4.21% |
| 9 | ENTERPRISE PRODS PARTNERS L | 293792107 | 1,700,650 | $54.5M | 4.03% |
| 10 | WESTERN MIDSTREAM PARTNERS L | WES | 1,338,654 | $52.9M | 3.91% |
| 11 | CHENIERE ENERGY INC | LNG | 264,474 | $51.4M | 3.80% |
| 12 | MURPHY USA INC | MUSA | 118,606 | $47.7M | 3.53% |
| 13 | PLAINS GP HLDGS L P | PAGP | 2,432,797 | $46.6M | 3.44% |
| 14 | MARATHON PETE CORP | MARA | 281,631 | $45.8M | 3.39% |
| 15 | WILLIAMS COS INC | 969457100 | 760,627 | $45.7M | 3.38% |
| 16 | DT MIDSTREAM INC | DTM | 353,786 | $42.3M | 3.13% |
| 17 | KINDER MORGAN INC DEL | EP-PC | 1,485,473 | $40.8M | 3.02% |
| 18 | SOUTH BOW CORP | SOBO | 1,370,635 | $37.8M | 2.79% |
| 19 | SUNOCO LP/SUNOCO FIN CORP | SUN | 678,623 | $35.6M | 2.63% |
| 20 | PBF ENERGY INC | PBF | 1,250,915 | $33.9M | 2.51% |
| 21 | VIPER ENERGY INC | VNOM | 722,615 | $27.9M | 2.06% |
| 22 | ENBRIDGE INC | ENNPF | 463,219 | $22.2M | 1.64% |
| 23 | BARRICK MNG CORP | 06849F108 | 229,715 | $11.7M | 0.87% |
| 24 | NEWMONT CORP | NEMCL | 94,745 | $9.5M | 0.70% |
| 25 | EXXON MOBIL CORP | XOM | 57,400 | $6.9M | 0.51% |
| 26 | CHEVRON CORP NEW | CVX | 42,763 | $6.5M | 0.48% |
| 27 | WESTLAKE CORPORATION | WLK | 75,633 | $5.6M | 0.41% |
| 28 | DOW INC | DOW | 215,916 | $5.0M | 0.37% |
| 29 | FREEPORT-MCMORAN INC | FCX | 87,720 | $4.5M | 0.33% |
| 30 | NUTRIEN LTD | NTR | 50,060 | $4.2M | 0.31% |
| 31 | CONOCOPHILLIPS | COP | 33,272 | $3.1M | 0.23% |
| 32 | MATADOR RES CO | MTDR | 67,246 | $2.9M | 0.21% |
| 33 | NUCOR CORP | NUE | 16,215 | $2.6M | 0.20% |
| 34 | LYONDELLBASELL INDUSTRIES N | LYB | 59,619 | $2.6M | 0.19% |
| 35 | EASTMAN CHEM CO | EMN | 39,831 | $2.5M | 0.19% |
| 36 | HUNTSMAN CORP | HUN | 246,276 | $2.5M | 0.18% |
| 37 | VALE S A | VALE | 187,430 | $2.4M | 0.18% |
| 38 | TECK RESOURCES LTD | TCKRF | 39,294 | $2.3M | 0.17% |
| 39 | RIO TINTO PLC | RTNTF | 26,047 | $2.1M | 0.15% |
| 40 | HALLIBURTON CO | HAL | 72,448 | $2.0M | 0.15% |
| 41 | CANADIAN NAT RES LTD | 136385101 | 59,242 | $2.0M | 0.15% |
| 42 | ALCOA CORP | AA | 35,032 | $1.9M | 0.14% |
| 43 | DIAMONDBACK ENERGY INC | FANG | 11,756 | $1.8M | 0.13% |
| 44 | BHP GROUP LTD | BHPLF | 26,071 | $1.6M | 0.12% |
| 45 | SHELL PLC | RYDAF | 53,641 | $1.5M | 0.11% |
| 46 | POSCO HOLDINGS INC | PKX | 24,960 | $1.3M | 0.10% |
| 47 | MOSAIC CO NEW | MOS | 52,047 | $1.3M | 0.09% |
| 48 | ALBEMARLE CORP | ALB-PA | 7,738 | $1.1M | 0.08% |
| 49 | DARLING INGREDIENTS INC | DAR | 30,165 | $1.1M | 0.08% |
| 50 | EXPAND ENERGY CORPORATION | EXE | 9,689 | $1.1M | 0.08% |
| 51 | VALERO ENERGY CORP | VLO | 6,035 | $982,438 | 0.07% |
| 52 | CROWN HLDGS INC | CCK | 9,406 | $968,536 | 0.07% |
| 53 | TOTALENERGIES SE | TTE | 14,988 | $833,183 | 0.06% |
| 54 | CRH PLC | CRH | 6,192 | $772,762 | 0.06% |
| 55 | TC ENERGY CORP | TRPRF | 12,555 | $690,651 | 0.05% |
| 56 | CONSTELLATION ENERGY CORP | CEG | 1,919 | $677,925 | 0.05% |
| 57 | VISTRA CORP | VST | 4,032 | $650,483 | 0.05% |
| 58 | MARTIN MARIETTA MATLS INC | 573284106 | 1,008 | $627,641 | 0.05% |
| 59 | CAMECO CORP | CCJ | 6,757 | $618,198 | 0.05% |
| 60 | CF INDS HLDGS INC | 125269100 | 7,763 | $600,390 | 0.04% |
| 61 | ARCELORMITTAL SA LUXEMBOURG | ARCXF | 14,669 | $574,085 | 0.04% |
| 62 | WEYERHAEUSER CO MTN BE | WY | 24,044 | $569,602 | 0.04% |
| 63 | SEALED AIR CORP NEW | SE | 13,350 | $553,091 | 0.04% |
| 64 | INTERNATIONAL PAPER CO | 460146103 | 13,990 | $551,066 | 0.04% |
| 65 | SUNOCOCORP LLC | SUNC | 10,800 | $532,224 | 0.04% |
| 66 | BP PLC | BPPFF | 118,388 | $514,207 | 0.04% |
| 67 | EOG RES INC | EOG | 4,637 | $486,931 | 0.04% |
| 68 | SMURFIT WESTROCK PLC | SW | 12,221 | $472,586 | 0.03% |
| 69 | KINETIK HOLDINGS INC | KNTK | 11,700 | $421,785 | 0.03% |
| 70 | ARCHER DANIELS MIDLAND CO | ADM | 7,096 | $407,949 | 0.03% |
| 71 | ANTERO MIDSTREAM CORP | AM | 15,000 | $266,850 | 0.02% |