Adams Asset Advisors, LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| J P MORGAN EXCHANGE TRADED F | JEPQ | $135.1M | 2,205,299 | +3.91pp | 3q | +56.6%+$48.8M | |
| CALUMET INC | CLMT | $99.8M | 1,906,206 | +1.95pp | 9q | -5.0%-$5.2M | |
| OCCIDENTAL PETE CORP | OXY | $53.5M | 967,395 | -3.65pp | 32q | -41.4%-$37.8M | |
| SUNOCO LP/SUNOCO FIN CORP | SUN | $41.2M | 565,822 | -0.14pp | 32q | HELD | |
| ENERGY TRANSFER L P | ET | $29.1M | 1,473,560 | -0.24pp | 27q | HELD | |
| APPLE INC | AAPL | $26.1M | 78,263 | +0.06pp | 32q | -0.6%-$158.9K | |
| DORCHESTER MINERALS LP | DMLP | $26.0M | 925,684 | +0.03pp | 32q | +1.6%+$413.6K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $25.2M | 50,700 | -0.31pp | 16q | HELD | |
| HF SINCLAIR CORP | DINO | $24.5M | 228,380 | +0.56pp | 14q | -6.3%-$1.7M | |
| VALERO ENERGY CORP | VLO | $24.2M | 62,424 | +0.56pp | 32q | -3.0%-$759.7K | |
| NEWMONT CORP | NEM | $21.8M | 189,307 | +0.15pp | 23q | -3.0%-$664.0K | |
| PLAINS ALL AMERN PIPELINE L | PAA | $19.5M | 823,061 | -0.09pp | 32q | HELD | |
| BRITISH AMERN TOB PLC | BTI | $18.7M | 343,016 | -0.51pp | 21q | HELD | |
| CITIGROUP INC | C | $18.5M | 143,020 | -0.47pp | 18q | -3.6%-$682.9K | |
| WESTERN MIDSTREAM PARTNERS L | WES | $18.1M | 408,023 | -0.02pp | 28q | +8.9%+$1.5M | |
| CISCO SYS INC | CSCO | $16.4M | 152,508 | -0.41pp | 18q | -2.0%-$336.9K | |
| ABBVIE INC | ABBV | $16.3M | 62,331 | -0.14pp | 32q | -0.9%-$152.0K | |
| ALTRIA GROUP INC | MO | $15.9M | 235,728 | -0.31pp | 21q | HELD | |
| AMGEN INC | AMGN | $15.1M | 35,818 | +0.05pp | 30q | -0.6%-$96.1K | |
| CUMMINS INC | CMI | $14.4M | 27,883 | -0.82pp | 32q | -1.2%-$180.3K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $14.2M | 398,768 | -0.22pp | 32q | HELD | |
| CHEVRON CORPORATION | CVX | $14.0M | 68,368 | +0.13pp | 32q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $13.5M | 293,295 | -0.04pp | 32q | HELD | |
| BANK OF AMER CORP | BAC | $13.0M | 238,906 | -0.25pp | 15q | -1.9%-$252.4K | |
| GOLDMAN SACHS GROUP INC | GS | $13.0M | 14,407 | -0.33pp | 31q | HELD | |
| WELLS FARGO & CO | WFC | $12.5M | 156,544 | -0.22pp | 27q | -1.9%-$248.2K | |
| MPLX LP | MPLX | $12.5M | 221,452 | -0.15pp | 30q | HELD | |
| PEPSICO INC | PEP | $11.1M | 87,385 | +0.44pp | 32q | +96.0%+$5.4M | |
| AT&T INC | T | $10.5M | 431,263 | +0.05pp | 27q | -0.9%-$95.8K | |
| MARKEL GROUP INC | MKL | $10.3M | 6,000 | +0.60pp | 3q | +200.0%+$6.8M | |
| PFIZER INC | PFE | $9.8M | 345,049 | +0.06pp | 32q | HELD | |
| MICROSOFT CORP | MSFT | $9.2M | 17,877 | +0.18pp | 32q | HELD | |
| KIMBERLY-CLARK CORP | KMB | $8.6M | 88,748 | -0.22pp | 32q | +0.5%+$44.4K | |
| SELECT WATER SOLUTIONS INC | WTTR | $8.1M | 409,161 | -0.10pp | 32q | HELD | |
| HP INC | HPQ | $7.9M | 251,744 | +0.17pp | 32q | HELD | |
| BRISTOL-MYERS SQUIBB CO | BMY | $7.8M | 125,138 | -0.02pp | 26q | HELD | |
| SCHWAB STRATEGIC TR | SCHD | $7.5M | 229,830 | -0.02pp | 6q | +5.8%+$409.5K | |
| ALLIANCE RESOURCE PARTNERS L | ARLP | $6.4M | 264,797 | -0.05pp | 32q | +2.2%+$140.5K | |
| WP CAREY INC | WPC | $6.2M | 96,247 | -0.11pp | 16q | +5.9%+$346.7K | |
| HORMEL FOODS CORP | HRL | $6.1M | 303,472 | -0.23pp | 4q | +1.6%+$93.2K | |
| ETFIS SER TR I | PFFA | $5.6M | 285,821 | - | new | NEW | |
| UNIVERSAL CORP VA MTNS BK EN | UVV | $5.6M | 134,972 | -0.22pp | 32q | +0.8%+$45.1K | |
| OCCIDENTAL PETE CORP | OXYWS | $5.1M | 154,425 | -0.89pp | 16q | -67.0%-$10.4M | |
| RLJ LODGING TR | RLJPRA | $5.0M | 208,897 | +0.03pp | 16q | +20.4%+$849.2K | |
| PROCTER & GAMBLE CO | PG | $4.8M | 32,840 | -0.01pp | 26q | +9.8%+$425.8K | |
| WEYERHAEUSER CO | WY | $4.4M | 229,236 | +0.28pp | 32q | +292.2%+$3.3M | |
| AH RLTY TR INC | AHRT | $4.3M | 700,000 | +0.11pp | 11q | +75.0%+$1.8M | |
| MCDONALDS CORP | MCD | $4.2M | 18,224 | - | new | NEW | |
| KINDER MORGAN INC DEL | KMI | $4.1M | 136,684 | -0.08pp | 32q | HELD | |
| STARWOOD PPTY TR INC | STWD | $4.0M | 299,901 | +0.04pp | 16q | +48.1%+$1.3M | |
| UNITED PARCEL SVCS INC | UPS | $3.9M | 42,273 | -0.11pp | 30q | +1.1%+$44.1K | |
| SUN CMNTYS INC | SUI | $3.9M | 35,570 | +0.10pp | 27q | +59.7%+$1.5M | |
| DELEK LOGISTICS PARTNERS LP | DKL | $3.9M | 73,963 | -0.01pp | 8q | +5.2%+$195.5K | |
| GLOBAL X FDS | MLPA | $3.6M | 67,781 | -0.03pp | 23q | +2.8%+$99.1K | |
| REALTY INCOME CORP | O | $3.4M | 62,686 | -0.09pp | 13q | HELD | |
| NNN REIT INC | NNN | $3.2M | 78,933 | -0.09pp | 13q | HELD | |
| RAYONIER INC | RYN | $3.1M | 167,348 | - | new | NEW | |
| SELECT SECTOR SPDR TR | XLEI | $3.0M | 110,000 | - | new | NEW | |
| BLUE OWL CAPITAL INC | OWL | $2.6M | 289,496 | -0.02pp | 4q | HELD | |
| PEABODY ENGR CORP | BTU | $2.4M | 100,000 | -0.01pp | 8q | HELD | |
| WILLIAMS COS INC | WMB | $2.4M | 34,884 | -0.05pp | 32q | HELD | |
| BROADCOM INC | AVGO | $2.4M | 6,703 | -0.05pp | 4q | HELD | |
| GOLUB CAP BDC INC | GBDC | $2.3M | 180,151 | -0.03pp | 9q | +1.6%+$36.0K | |
| ENBRIDGE INC | ENB | $2.2M | 46,445 | -0.07pp | 11q | HELD | |
| ALPHABET INC | GOOGL | $2.2M | 6,261 | -0.03pp | 7q | HELD | |
| BLUE OWL CAPITAL CORPORATION | OBDC | $2.0M | 192,852 | -0.04pp | 16q | -2.4%-$50.4K | |
| GOLDMAN SACHS BDC INC | GSBD | $2.0M | 221,536 | -0.04pp | 16q | -2.6%-$54.6K | |
| MORGAN STANLEY DIRECT LENDIN | MSDL | $2.0M | 145,210 | -0.05pp | 9q | -2.3%-$47.5K | |
| EXXON MOBIL CORP | XOMXXXX | $1.6M | 10,040 | +0.01pp | 18q | HELD | |
| 30609A109 | $1.6M | 18,941 | - | new | NEW | ||
| SCHWAB STRATEGIC TR | SCHG | $1.6M | 43,727 | flat | 6q | +5.8%+$86.3K | |
| PLAINS GP HLDGS L P | PAGP | $1.5M | 57,753 | -0.01pp | 28q | HELD | |
| NUVEEN CHURCHILL DIRECT LEND | NCDL | $1.4M | 128,099 | -0.04pp | 8q | -3.2%-$47.0K | |
| META PLATFORMS INC | META | $1.4M | 1,938 | +0.02pp | 3q | HELD | |
| CONAGRA BRANDS INC | CAG | $1.3M | 96,100 | -0.01pp | 12q | +6.9%+$83.8K | |
| KAYNE ANDERSON BDC INC | KBDC | $1.3M | 101,428 | -0.03pp | 4q | HELD | |
| BLACKSTONE SECD LENDING FD | BXSL | $1.2M | 50,169 | -0.01pp | 16q | HELD | |
| SIMON PPTY GROUP INC NEW | SPG | $1.2M | 5,789 | -0.03pp | 16q | HELD | |
| CRESCENT CAP BDC INC | CCAP | $1.1M | 119,066 | -0.02pp | 5q | +8.4%+$84.8K | |
| BLACKSTONE INC | BX | $986.4K | 8,800 | - | new | NEW | |
| KKR & CO INC | KKR | $986.0K | 10,800 | - | new | NEW | |
| ISHARES TR | LQD | $939.8K | 9,197 | -0.01pp | 31q | +9.5%+$81.5K | |
| VANECK ETF TRUST | BIZD | $913.0K | 70,831 | flat | 6q | +13.2%+$106.4K | |
| KIMBELL RTY PARTNERS LP | KRP | $796.5K | 55,780 | -0.01pp | 3q | HELD | |
| HESS MIDSTREAM LP | HESM | $768.0K | 20,550 | -0.01pp | 4q | HELD | |
| GLOBAL X FDS | PFFD | $766.1K | 43,530 | flat | 6q | +11.8%+$81.0K | |
| MEDICAL PROPERTIES TRUST INC | MPT | $738.6K | 213,470 | -0.04pp | 21q | HELD | |
| FIDUS INVT CORP | FDUS | $634.3K | 32,919 | -0.01pp | 2q | HELD | |
| JOHNSON & JOHNSON | JNJ | $602.8K | 2,277 | flat | 29q | HELD | |
| GLOBAL PARTNERS LP | GLP | $456.5K | 9,860 | -0.01pp | 13q | HELD | |
| ISHARES SILVER TR | SLV | $381.6K | 7,000 | flat | 7q | HELD | |
| TRINITY PETROLEUM TR | TTYP | $302.6K | 10,020 | -0.03pp | 31q | HELD | |
| FIRST FINL BANKSHARES INC | FFIN | $278.0K | 8,760 | -0.01pp | 30q | HELD | |
| ISHARES TR | DVY | $202.4K | 1,331 | flat | 3q | 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 | $336.3M | 34.2% |
| Transport & Logistics | $68.0M | 6.9% |
| Food, Drink & Tobacco | $53.0M | 5.4% |
| Computer Hardware | $50.4M | 5.1% |
| Biotech & Pharma | $49.7M | 5.0% |
| Banks & Lending | $44.3M | 4.5% |
| Insurance | $35.5M | 3.6% |
| Real Estate | $34.5M | 3.5% |
| Mining & Metals | $30.7M | 3.1% |
| Telecom & Media | $24.0M | 2.4% |
| Industrials | $23.1M | 2.3% |
| Capital Markets | $18.0M | 1.8% |
| Other sectors | $44.1M | 4.5% |
| Not classified | $172.9M | 17.6% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | -0.8% | +14.8% | -15.6% | 100% |
| Q1 2026 | +28.4% | -4.6% | +33.0% | 100% |
| Q4 2025 | -1.3% | +2.4% | -3.6% | 100% |
| Q3 2025 | +8.5% | +7.8% | +0.7% | 100% |
| Q2 2025 | -2.7% | +10.5% | -13.1% | 100% |
| Q1 2025 | -3.9% | -4.6% | +0.7% | 100% |
| Q4 2024 | +1.8% | +2.1% | -0.3% | 100% |
| Q3 2024 | -4.1% | +5.4% | -9.5% | 89% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $984.4M | 94 | 7 | 27 | 19 | 1 | 49.3% | 8 |
| 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.