# SL ADVISORS, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1680365. Source: https://holderbook.com/funds/1680365-sl-advisors-llc/

- Reported value: $57.2M
- Positions: 32
- Weight of the ten largest: 74.4%
- Filed: 2026-07-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $9.1M | 473,898 | 15.9% | 31 |
| NEXTDECADE CORP | [NEXT](https://holderbook.com/stocks/NEXT/) | $6.2M | 825,378 | 10.9% | 22 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $4.8M | 64,189 | 8.3% | 31 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $4.7M | 17,346 | 8.1% | 31 |
| PACER FDS TR | [USAI](https://holderbook.com/stocks/USAI/) | $4.4M | 95,782 | 7.6% | 12 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $4.2M | 17,425 | 7.3% | 31 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $3.3M | 38,114 | 5.8% | 31 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $2.6M | 71,351 | 4.6% | 31 |
| KINETIK HOLDINGS INC | [KNTK](https://holderbook.com/stocks/KNTK/) | $1.7M | 34,972 | 3.0% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.7M | 3,298 | 2.9% | 31 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $1.6M | 24,562 | 2.8% | 12 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $1.5M | 27,898 | 2.6% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.5M | 1,947 | 2.5% | 26 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $1.1M | 34,805 | 1.9% | 31 |
| WESTERN MIDSTREAM PARTNERS L | [WES](https://holderbook.com/stocks/WES/) | $1.0M | 23,466 | 1.8% | 30 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $964.1K | 17,116 | 1.7% | 12 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $932.4K | 20,161 | 1.6% | 29 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $762.0K | 4,016 | 1.3% | 5 |
| SOUTH BOW CORP | [SOBO](https://holderbook.com/stocks/SOBO/) | $747.9K | 21,224 | 1.3% | 3 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $622.6K | 2,922 | 1.1% | 31 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $542.7K | 2,435 | 0.9% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $413.2K | 811 | 0.7% | 31 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $403.9K | 4,862 | 0.7% | 27 |
| PLAINS GP HLDGS L P | [PAGP](https://holderbook.com/stocks/PAGP/) | $375.0K | 15,450 | 0.7% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $353.6K | 1,269 | 0.6% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $314.9K | 1,165 | 0.6% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $272.8K | 1,074 | 0.5% | 4 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $265.6K | 1,186 | 0.5% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $260.8K | 3,209 | 0.5% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $256.0K | 1,992 | 0.4% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $221.3K | 1,509 | 0.4% | 8 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $211.2K | 1,204 | 0.4% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | -1.0% | +14.8% | -15.9% | 100% |
| Q1 2026 | +21.7% | -4.6% | +26.3% | 100% |
| Q4 2025 | -5.3% | +2.4% | -7.7% | 100% |
| Q3 2025 | -5.2% | +7.8% | -13.1% | 100% |
| Q2 2025 | -2.7% | +10.5% | -13.2% | 101% |
| Q1 2025 | +2.7% | -4.6% | +7.2% | 98% |
| Q4 2024 | +12.1% | +2.1% | +9.9% | 99% |
| Q3 2024 | +1.0% | +5.4% | -4.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $57.2M | 32 |
| Q1 2026 | $59.1M | 32 |
| Q4 2025 | $48.8M | 32 |
| Q3 2025 | $50.8M | 31 |
| Q2 2025 | $55.5M | 31 |
| Q1 2025 | $57.2M | 31 |
| Q4 2024 | $60.5M | 35 |
| Q3 2024 | $55.6M | 47 |
| Q2 2024 | $50.6M | 32 |
| Q1 2024 | $50.8M | 39 |
| Q4 2023 | $46.5M | 41 |
| Q3 2023 | $74.3M | 43 |