Adams Asset Advisors, LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| J P MORGAN EXCHANGE TRADED F | JEPQ | $86.5M | 1,408,060 | +3.04pp | 2q | +29.5%+$19.7M | |
| OCCIDENTAL PETE CORP | OXY | $80.1M | 1,650,049 | -3.18pp | 31q | -1.9%-$1.6M | |
| CALUMET INC | CLMT | $72.3M | 2,006,206 | -4.70pp | 8q | -37.3%-$43.1M | |
| SUNOCO LP/SUNOCO FIN CORP | SUN | $38.2M | 565,822 | +0.21pp | 31q | HELD | |
| ENERGY TRANSFER L P | ET | $28.2M | 1,473,560 | +0.07pp | 26q | +2.2%+$608.1K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $25.4M | 50,700 | +1.11pp | 15q | +53.9%+$8.9M | |
| DORCHESTER MINERALS LP | DMLP | $23.0M | 910,934 | -0.09pp | 31q | +2.6%+$572.4K | |
| APPLE INC | AAPL | $22.8M | 78,740 | +0.36pp | 31q | +0.9%+$192.7K | |
| BRITISH AMERN TOB PLC | BTI | $21.2M | 343,016 | +0.15pp | 20q | HELD | |
| CITIGROUP INC | C | $20.8M | 148,294 | +0.45pp | 17q | -0.7%-$141.8K | |
| CUMMINS INC | CMI | $20.1M | 28,232 | +0.57pp | 31q | -0.5%-$103.4K | |
| PLAINS ALL AMERN PIPELINE L | PAA | $18.3M | 823,061 | +0.02pp | 31q | HELD | |
| CISCO SYS INC | CSCO | $18.3M | 155,638 | +0.71pp | 17q | -1.0%-$177.4K | |
| NEWMONT CORP | NEM | $18.2M | 195,064 | -0.35pp | 22q | -2.0%-$364.1K | |
| HF SINCLAIR CORP | DINO | $17.0M | 243,842 | +0.22pp | 13q | HELD | |
| ALTRIA GROUP INC | MO | $17.0M | 235,728 | +0.18pp | 20q | HELD | |
| VALERO ENERGY CORP | VLO | $16.8M | 64,384 | +0.12pp | 31q | HELD | |
| WESTERN MIDSTREAM PARTNERS L | WES | $16.4M | 374,823 | +0.28pp | 27q | +9.6%+$1.4M | |
| ABBVIE INC | ABBV | $15.8M | 62,912 | +0.26pp | 31q | HELD | |
| ENTERPRISE PRODS PARTNERS L | EPD | $14.7M | 398,768 | -0.03pp | 31q | HELD | |
| GOLDMAN SACHS GROUP INC | GS | $14.6M | 14,407 | +0.31pp | 30q | +1.9%+$268.0K | |
| BANK OF AMER CORP | BAC | $13.9M | 243,543 | +0.24pp | 14q | HELD | |
| WELLS FARGO & CO | WFC | $13.2M | 159,645 | +0.07pp | 26q | HELD | |
| AMGEN INC | AMGN | $13.1M | 36,046 | +0.06pp | 29q | HELD | |
| MPLX LP | MPLX | $12.5M | 221,452 | +0.03pp | 29q | +2.5%+$301.7K | |
| OCCIDENTAL PETE CORP | OXYWS | $12.5M | 468,312 | -0.84pp | 15q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $12.4M | 293,295 | -0.25pp | 31q | HELD | |
| CHEVRON CORPORATION | CVX | $11.3M | 68,368 | -0.30pp | 31q | HELD | |
| KIMBERLY-CLARK CORP | KMB | $9.7M | 88,292 | +0.20pp | 31q | +6.2%+$562.6K | |
| AT&T INC | T | $9.0M | 435,188 | -0.38pp | 26q | +0.9%+$81.7K | |
| PFIZER INC | PFE | $8.3M | 345,049 | -0.13pp | 31q | +1.0%+$84.4K | |
| SELECT WATER SOLUTIONS INC | WTTR | $8.2M | 409,161 | +0.22pp | 31q | HELD | |
| HORMEL FOODS CORP | HRL | $7.4M | 298,796 | +0.12pp | 3q | +6.0%+$419.8K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $7.2M | 125,138 | -0.02pp | 25q | +1.5%+$106.3K | |
| UNIVERSAL CORP VA MTNS BK EN | UVV | $7.0M | 133,892 | -0.05pp | 31q | -5.8%-$427.3K | |
| SCHWAB STRATEGIC TR | SCHD | $6.9M | 217,242 | +0.02pp | 5q | -1.3%-$88.1K | |
| MICROSOFT CORP | MSFT | $6.7M | 17,877 | +0.04pp | 31q | +3.2%+$206.3K | |
| WP CAREY INC | WPC | $6.5M | 90,882 | +0.11pp | 15q | +10.3%+$607.3K | |
| ALLIANCE RESOURCE PARTNERS L | ARLP | $6.2M | 259,013 | -0.09pp | 31q | +1.4%+$86.7K | |
| PEPSICO INC | PEP | $6.0M | 44,582 | -0.04pp | 31q | +7.0%+$397.4K | |
| HP INC | HPQ | $5.5M | 251,744 | +0.08pp | 31q | HELD | |
| UNITED PARCEL SVCS INC | UPS | $4.5M | 41,801 | +0.07pp | 29q | +4.7%+$201.8K | |
| PROCTER & GAMBLE CO | PG | $4.4M | 29,909 | +0.16pp | 25q | +42.1%+$1.3M | |
| KINDER MORGAN INC DEL | KMI | $4.4M | 136,684 | -0.02pp | 31q | HELD | |
| RLJ LODGING TR | RLJPRA | $4.3M | 173,571 | +0.12pp | 15q | +28.7%+$948.2K | |
| MARKEL GROUP INC | MKL | $3.9M | 2,000 | +0.22pp | 2q | +90.5%+$1.9M | |
| REALTY INCOME CORP | O | $3.9M | 62,414 | +0.08pp | 12q | +19.0%+$616.4K | |
| NNN REIT INC | NNN | $3.7M | 78,933 | +0.12pp | 12q | +26.9%+$777.9K | |
| DELEK LOGISTICS PARTNERS LP | DKL | $3.6M | 70,288 | +0.02pp | 7q | HELD | |
| GLOBAL X FDS | MLPA | $3.5M | 65,919 | +0.02pp | 22q | +5.4%+$179.6K | |
| STARWOOD PPTY TR INC | STWD | $3.3M | 202,449 | +0.19pp | 15q | +112.7%+$1.8M | |
| AH RLTY TR INC | AHRT | $2.8M | 400,000 | +0.05pp | 10q | -9.1%-$282.7K | |
| SUN CMNTYS INC | SUI | $2.7M | 22,270 | -0.01pp | 26q | HELD | |
| WILLIAMS COS INC | WMB | $2.6M | 34,884 | +0.01pp | 31q | HELD | |
| BLUE OWL CAPITAL INC | OWL | $2.5M | 289,496 | +0.16pp | 3q | +142.3%+$1.5M | |
| BROADCOM INC | AVGO | $2.5M | 6,703 | +0.05pp | 3q | HELD | |
| ENBRIDGE INC | ENB | $2.5M | 46,445 | flat | 10q | HELD | |
| PEABODY ENGR CORP | BTU | $2.3M | 100,000 | -0.11pp | 7q | HELD | |
| GOLUB CAP BDC INC | GBDC | $2.3M | 177,299 | +0.05pp | 8q | +17.8%+$344.9K | |
| MORGAN STANLEY DIRECT LENDIN | MSDL | $2.2M | 148,696 | +0.08pp | 8q | +29.9%+$518.1K | |
| ALPHABET INC | GOOGL | $2.2M | 6,261 | +0.05pp | 6q | HELD | |
| GOLDMAN SACHS BDC INC | GSBD | $2.2M | 227,546 | -0.13pp | 15q | -39.3%-$1.4M | |
| BLUE OWL CAPITAL CORPORATION | OBDC | $2.1M | 197,655 | +0.03pp | 15q | +16.5%+$303.9K | |
| ONEOK INC NEW | OKE | $1.6M | 18,941 | -0.01pp | 26q | HELD | |
| NUVEEN CHURCHILL DIRECT LEND | NCDL | $1.6M | 132,279 | +0.06pp | 7q | +45.3%+$512.4K | |
| PLAINS GP HLDGS L P | PAGP | $1.4M | 57,753 | flat | 27q | HELD | |
| WEYERHAEUSER CO | WY | $1.4M | 58,454 | +0.01pp | 31q | +7.6%+$99.1K | |
| SCHWAB STRATEGIC TR | SCHG | $1.4M | 41,324 | +0.02pp | 5q | -0.7%-$9.3K | |
| EXXON MOBIL CORP | XOMXXXX | $1.4M | 10,040 | -0.04pp | 17q | HELD | |
| KAYNE ANDERSON BDC INC | KBDC | $1.4M | 101,163 | +0.12pp | 3q | +397.3%+$1.1M | |
| SIMON PPTY GROUP INC NEW | SPG | $1.3M | 5,789 | +0.03pp | 15q | HELD | |
| CONAGRA BRANDS INC | CAG | $1.2M | 89,867 | -0.14pp | 11q | -42.2%-$882.0K | |
| CRESCENT CAP BDC INC | CCAP | $1.2M | 109,828 | +0.03pp | 4q | +37.6%+$327.6K | |
| BLACKSTONE SECD LENDING FD | BXSL | $1.2M | 50,169 | flat | 15q | HELD | |
| META PLATFORMS INC | META | $1.1M | 1,938 | flat | 2q | HELD | |
| MEDICAL PROPERTIES TRUST INC | MPT | $986.2K | 213,470 | -0.03pp | 20q | -21.3%-$266.8K | |
| ISHARES TR | LQD | $916.1K | 8,399 | flat | 30q | -1.0%-$9.3K | |
| KIMBELL RTY PARTNERS LP | KRP | $810.5K | 55,780 | flat | 2q | HELD | |
| VANECK ETF TRUST | BIZD | $792.2K | 62,579 | -0.02pp | 5q | -15.5%-$145.6K | |
| HESS MIDSTREAM LP | HESM | $772.7K | 20,550 | flat | 3q | HELD | |
| GLOBAL X FDS | PFFD | $727.5K | 38,925 | flat | 5q | -0.9%-$6.9K | |
| FIDUS INVT CORP | FDUS | $627.8K | 32,919 | - | new | NEW | |
| JOHNSON & JOHNSON | JNJ | $578.3K | 2,277 | flat | 28q | -3.0%-$17.8K | |
| TRINITY PETROLEUM TR | TTYP | $526.0K | 10,020 | flat | 30q | HELD | |
| GLOBAL PARTNERS LP | GLP | $459.4K | 9,860 | +0.01pp | 12q | HELD | |
| ISHARES SILVER TR | SLV | $374.3K | 7,000 | -0.01pp | 6q | HELD | |
| FIRST FINL BANKSHARES INC | FFIN | $303.1K | 8,760 | +0.01pp | 29q | HELD | |
| ISHARES TR | DVY | $208.0K | 1,331 | flat | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Energy | $319.3M | 36.2% |
| Transport & Logistics | $59.8M | 6.8% |
| Food, Drink & Tobacco | $52.8M | 6.0% |
| Banks & Lending | $48.1M | 5.5% |
| Computer Hardware | $46.6M | 5.3% |
| Biotech & Pharma | $45.0M | 5.1% |
| Industrials | $29.8M | 3.4% |
| Insurance | $29.3M | 3.3% |
| Mining & Metals | $26.7M | 3.0% |
| Real Estate | $26.5M | 3.0% |
| Telecom & Media | $21.4M | 2.4% |
| Capital Markets | $17.5M | 2.0% |
| Other sectors | $39.2M | 4.4% |
| Not classified | $119.6M | 13.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $881.7M | 88 | 1 | 33 | 17 | 1 | 47.5% | 14 |
| Q1 2026 | $891.5M | 88 | 5 | 30 | 15 | 0 | 51.0% | 27 |
| Q4 2025 | $760.1M | 83 | 5 | 21 | 25 | 3 | 52.9% | 15 |
| Q3 2025 | $775.6M | 81 | 1 | 19 | 17 | 0 | 55.1% | 9 |
| Q2 2025 | $710.7M | 80 | 4 | 30 | 25 | 1 | 53.8% | 8 |
| Q1 2025 | $729.5M | 77 | 3 | 17 | 25 | 3 | 55.0% | 21 |
| Q4 2024 | $779.0M | 77 | 5 | 21 | 8 | 3 | 57.6% | 13 |
| Q3 2024 | $756.3M | 75 | 4 | 13 | 8 | 2 | 56.6% | 15 |
| Q2 2024 | $766.8M | 73 | 1 | 10 | 16 | 5 | 60.4% | 10 |
| Q1 2024 | $773.1M | 77 | 2 | 10 | 10 | 0 | 59.0% | 9 |
| Q4 2023 | $743.2M | 75 | 2 | 18 | 20 | 4 | 59.7% | 12 |
| Q3 2023 | $745.4M | 77 | 4 | 34 | 13 | 9 | 62.8% | 11 |
| Q2 2023 | $685.2M | 82 | 2 | 12 | 34 | 5 | 60.6% | 14 |
| Q1 2023 | $746.9M | 85 | 2 | 14 | 11 | 2 | 59.7% | 12 |
| Q4 2022 | $745.7M | 85 | 14 | 7 | 20 | 4 | 59.4% | 13 |
| Q3 2022 | $645.0M | 75 | 3 | 26 | 13 | 5 | 61.3% | 12 |
| Q2 2022 | $660.1M | 77 | 5 | 29 | 10 | 4 | 57.2% | 13 |
| Q1 2022 | $680.4M | 76 | 4 | 16 | 8 | 3 | 57.9% | 20 |
| Q4 2021 | $549.3M | 75 | 0 | 24 | 14 | 2 | 50.0% | 12 |
| Q3 2021 | $496.5M | 77 | 7 | 18 | 19 | 7 | 48.5% | 13 |
| Q2 2021 | $510.5M | 77 | 2 | 19 | 12 | 4 | 46.6% | 14 |
| Q1 2021 | $463.9M | 79 | 5 | 17 | 12 | 0 | 45.3% | 14 |
| Q4 2020 | $365.9M | 74 | 3 | 25 | 12 | 1 | 40.1% | 22 |
| Q3 2020 | $315.0M | 72 | 2 | 23 | 5 | 4 | 41.5% | 16 |
| Q2 2020 | $337.4M | 74 | 6 | 22 | 8 | 7 | 44.9% | 21 |
| Q1 2020 | $249.9M | 75 | 16 | 25 | 17 | 20 | 43.0% | 21 |
| Q4 2019 | $575.1M | 79 | 12 | 27 | 16 | 23 | 62.5% | 29 |
| Q3 2019 | $614.2M | 90 | 9 | 15 | 41 | 21 | 65.6% | 39 |
| Q2 2019 | $647.8M | 102 | 11 | 22 | 22 | 5 | 63.0% | 12 |
| Q1 2019 | $750.3M | 96 | 14 | 6 | 22 | 4 | 67.9% | 10 |
| Q4 2018 | $708.6M | 86 | 0 | 0 | 0 | 0 | 70.2% | 10 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.