Recurrent Investment Advisors LLC
Reported holdings as of Q2 2026, from 27 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| TARGA RES CORP | TRGP | $126.2M | 470,637 | +0.71pp | 23q | HELD | |
| CENOVUS ENERGY INC | CVE | $122.6M | 4,739,325 | -2.00pp | 27q | -18.3%-$27.4M | |
| ENERGY TRANSFER L P | ET | $113.5M | 5,935,394 | +0.58pp | 27q | +6.7%+$7.1M | |
| ONEOK INC NEW | OKE | $100.8M | 1,159,957 | -0.03pp | 13q | HELD | |
| KINDER MORGAN INC DEL | KMI | $82.4M | 2,578,529 | +0.21pp | 27q | +6.1%+$4.7M | |
| MURPHY USA INC | MUSA | $78.6M | 146,263 | +0.55pp | 13q | HELD | |
| SUNOCO LP/SUNOCO FIN CORP | SUN | $77.6M | 1,149,434 | +0.80pp | 27q | +11.8%+$8.2M | |
| ENTERPRISE PRODS PARTNERS L | EPD | $74.7M | 2,031,416 | +0.82pp | 27q | +21.2%+$13.1M | |
| CHENIERE ENERGY INC | LNG | $72.0M | 301,353 | -0.65pp | 27q | HELD | |
| PEMBINA PIPELINE CORP | PBA | $69.6M | 1,498,252 | +0.28pp | 27q | HELD | |
| PHILLIPS 66 | PSX | $68.1M | 403,016 | -0.31pp | 27q | -2.7%-$1.9M | |
| SUNCOR ENERGY INC NEW | SU | $62.7M | 1,145,921 | -2.24pp | 25q | -24.4%-$20.2M | |
| WILLIAMS COS INC | WMB | $56.7M | 762,867 | +0.18pp | 27q | HELD | |
| DT MIDSTREAM INC | DTM | $52.1M | 355,154 | +0.36pp | 9q | HELD | |
| WESTERN MIDSTREAM PARTNERS L | WES | $49.6M | 1,133,291 | +0.27pp | 23q | HELD | |
| ENBRIDGE INC | ENB | $47.9M | 882,892 | +1.45pp | 27q | +89.6%+$22.6M | |
| PLAINS GP HLDGS L P | PAGP | $43.6M | 1,791,325 | -0.39pp | 27q | -15.7%-$8.1M | |
| SOUTH BOW CORP | SOBO | $40.8M | 1,158,738 | +0.21pp | 5q | HELD | |
| PBF ENERGY INC | PBF | $33.2M | 729,534 | -0.81pp | 8q | -27.3%-$12.4M | |
| MPLX LP | MPLX | $30.7M | 544,714 | - | new | NEW | |
| VENTURE GLOBAL INC | VG | $22.5M | 2,025,792 | - | new | NEW | |
| MARATHON PETE CORP | MPC | $21.9M | 85,799 | -1.30pp | 27q | -52.6%-$24.3M | |
| VIPER ENERGY INC | VNOM | $19.8M | 468,061 | -1.57pp | 4q | -52.7%-$22.1M | |
| BARRICK MNG CORP | B | $10.3M | 234,844 | -0.04pp | 5q | HELD | |
| DOW HLDGS INC | DOW | $10.0M | 365,815 | -0.22pp | 16q | +9.1%+$837.4K | |
| WESTLAKE CORPORATION | WLK | $9.4M | 128,771 | -0.21pp | 27q | +14.2%+$1.2M | |
| EASTMAN CHEM CO | EMN | $9.1M | 135,851 | +0.16pp | 3q | +55.9%+$3.3M | |
| NEWMONT CORP | NEM | $9.1M | 97,245 | -0.07pp | 25q | HELD | |
| HUNTSMAN CORP | HUN | $8.4M | 792,476 | +0.09pp | 3q | +47.9%+$2.7M | |
| EXXON MOBIL CORP | XOMXXXX | $8.0M | 58,314 | -0.10pp | 27q | HELD | |
| LYONDELLBASELL INDUSTRIES NV | LYB | $7.6M | 144,709 | -0.14pp | 3q | +15.3%+$1.0M | |
| CHEVRON CORPORATION | CVX | $7.2M | 43,165 | -0.09pp | 7q | HELD | |
| NUTRIEN LTD | NTR | $4.7M | 52,357 | -0.04pp | 10q | HELD | |
| KINROSS GOLD CORP | KGC | $3.9M | 147,739 | - | new | NEW | |
| MATADOR RES CO | MTDR | $3.8M | 77,047 | -0.05pp | 7q | HELD | |
| NUCOR CORP | NUE | $3.7M | 16,621 | +0.06pp | 27q | HELD | |
| CONOCOPHILLIPS | COP | $3.5M | 33,972 | -0.05pp | 27q | HELD | |
| FREEPORT-MCMORAN INC | FCX | $3.3M | 52,486 | +0.02pp | 27q | HELD | |
| TECK RESOURCES LTD | TECK | $3.0M | 40,394 | +0.03pp | 10q | HELD | |
| VALE S A | VALE | $3.0M | 196,192 | flat | 27q | HELD | |
| RIO TINTO PLC | RIO | $2.6M | 27,245 | +0.01pp | 27q | HELD | |
| HALLIBURTON CO | HAL | $2.5M | 73,663 | -0.02pp | 15q | HELD | |
| CANADIAN NAT RES LTD MED TER | CNQ | $2.3M | 59,242 | -0.03pp | 7q | HELD | |
| BHP BILLITON LIMITED | BHP | $2.3M | 27,262 | +0.02pp | 27q | HELD | |
| DIAMONDBACK ENERGY INC | FANG | $2.1M | 11,756 | -0.01pp | 7q | HELD | |
| SUNOCOCORP LLC | SUNC | $1.8M | 26,080 | +0.05pp | 3q | +69.6%+$724.1K | |
| SHELL PLC | SHEL | $1.7M | 56,587 | -0.02pp | 6q | +0.8%+$13.1K | |
| DARLING INGREDIENTS INC | DAR | $1.5M | 27,265 | -0.01pp | 23q | HELD | |
| CRH PLC | CRH | $1.4M | 13,549 | +0.03pp | 5q | +44.1%+$443.7K | |
| EXPAND ENERGY CORPORATION | EXE | $1.4M | 15,646 | +0.02pp | 7q | +61.5%+$543.2K | |
| SMURFIT WESTROCK PLC | SW | $1.2M | 26,095 | +0.01pp | 3q | HELD | |
| MOSAIC CO | MOS | $1.2M | 54,542 | -0.01pp | 17q | HELD | |
| INTERNATIONAL PAPER CO | IP | $1.1M | 28,324 | +0.01pp | 3q | HELD | |
| TOTALENERGIES SE | TTE | $1.1M | 15,824 | -0.01pp | 3q | HELD | |
| CROWN HLDGS INC | CCK | $1.1M | 9,406 | +0.01pp | 7q | HELD | |
| TC ENERGY CORP | TRP | $958.2K | 14,455 | +0.01pp | 27q | HELD | |
| CF INDUSTRIES HOLD | CF | $883.7K | 8,163 | -0.01pp | 9q | HELD | |
| ARCELORMITTAL SA LUXEMBOURG | MT | $810.4K | 15,371 | +0.01pp | 10q | HELD | |
| ALCOA CORP | AA | $787.3K | 15,100 | -0.01pp | 27q | HELD | |
| CAMECO CORP | CCJ | $688.3K | 6,757 | flat | 7q | HELD | |
| POSCO HOLDINGS INC | PKX | $638.2K | 12,422 | -0.05pp | 27q | -50.2%-$644.2K | |
| WEYERHAEUSER CO | WY | $601.7K | 25,134 | flat | 27q | HELD | |
| EOG RES INC | EOG | $601.6K | 4,637 | flat | 7q | HELD | |
| BP PLC | BP | $594.2K | 126,792 | - | new | NEW | |
| VALERO ENERGY CORP | VLO | $586.2K | 2,251 | flat | 25q | HELD | |
| MARTIN MARIETTA MATLS INC | MLM | $581.3K | 1,008 | flat | 7q | HELD | |
| ARCHER DANIELS MIDLAND CO | ADM | $564.7K | 7,392 | flat | 25q | HELD | |
| KINETIK HOLDINGS INC | KNTK | $481.9K | 9,970 | flat | 3q | -14.8%-$83.6K | |
| VISTRA CORP | VST | $447.7K | 2,822 | flat | 7q | HELD | |
| ALBEMARLE CORP | ALB | $342.6K | 2,537 | -0.05pp | 6q | -59.6%-$505.8K | |
| CONSTELLATION ENERGY CORP | CEG | $325.6K | 1,311 | flat | 7q | 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 | $1.3B | 78.0% |
| Transport & Logistics | $163.0M | 10.1% |
| Retail & Consumer | $78.6M | 4.9% |
| Chemicals | $51.6M | 3.2% |
| Mining & Metals | $44.7M | 2.8% |
| Other sectors | $8.2M | 0.5% |
| Not classified | $8.0M | 0.5% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $1.6B | 71 | 4 | 14 | 10 | 0 | 57.0% | 45 |
| Q1 2026 | $1.7B | 67 | 0 | 37 | 17 | 4 | 58.6% | 45 |
| Q4 2025 | $1.4B | 71 | 10 | 15 | 25 | 3 | 56.8% | 44 |
| Q3 2025 | $1.3B | 64 | 2 | 10 | 12 | 2 | 57.0% | 44 |
| Q2 2025 | $1.2B | 64 | 3 | 22 | 5 | 4 | 57.0% | 45 |
| Q1 2025 | $1.2B | 65 | 3 | 44 | 5 | 3 | 59.8% | 45 |
| Q4 2024 | $1.1B | 65 | 14 | 27 | 23 | 3 | 60.6% | 45 |
| Q3 2024 | $1.0B | 54 | 5 | 15 | 28 | 2 | 60.4% | 45 |
| Q2 2024 | $949.9M | 51 | 2 | 19 | 27 | 1 | 60.7% | 45 |
| Q1 2024 | $862.5M | 50 | 7 | 15 | 5 | 1 | 60.6% | 45 |
| Q4 2023 | $681.7M | 44 | 1 | 7 | 26 | 8 | 61.0% | 45 |
| Q3 2023 | $681.0M | 51 | 1 | 18 | 7 | 3 | 59.1% | 45 |
| Q2 2023 | $590.8M | 53 | 10 | 41 | 0 | 0 | 56.9% | 45 |
| Q1 2023 | $505.7M | 43 | 0 | 23 | 1 | 10 | 59.8% | 45 |
| Q4 2022 | $468.8M | 53 | 11 | 21 | 3 | 0 | 59.6% | 45 |
| Q3 2022 | $370.6M | 42 | 1 | 38 | 2 | 8 | 60.1% | 45 |
| Q2 2022 | $329.8M | 49 | 9 | 23 | 1 | 0 | 59.7% | 46 |
| Q1 2022 | $315.0M | 40 | 0 | 27 | 10 | 2 | 59.6% | 46 |
| Q4 2021 | $247.9M | 42 | 1 | 18 | 5 | 0 | 58.4% | 45 |
| Q3 2021 | $227.7M | 41 | 1 | 24 | 0 | 3 | 59.5% | 46 |
| Q2 2021 | $198.4M | 43 | 1 | 21 | 8 | 2 | 58.9% | 47 |
| Q1 2021 | $158.0M | 44 | 1 | 10 | 18 | 0 | 55.0% | 44 |
| Q4 2020 | $134.7M | 43 | 4 | 21 | 7 | 1 | 53.1% | 47 |
| Q3 2020 | $93.9M | 40 | 2 | 10 | 12 | 1 | 54.1% | 47 |
| Q2 2020 | $106.2M | 39 | 7 | 17 | 4 | 2 | 57.0% | 48 |
| Q1 2020 | $53.3M | 34 | 0 | 32 | 1 | 10 | 58.8% | 45 |
| Q4 2019 | $78.4M | 44 | 0 | 0 | 0 | 0 | 54.6% | 45 |
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.