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RIA

Recurrent Investment Advisors Portfolio holdings

AUM $1.66B
1-Year Est. Return 38.27%
This Fund
S&P 500
This Quarter Est. Return
+9.69%
1 Year Est. Return
+38.27%
3 Year Est. Return
+108.58%
5 Year Est. Return
+241.5%
10 Year Est. Return
–
AUM
$681M
AUM Growth
+$90.2M
Cap. Flow
+$36M
Cap. Flow %
5.28%
Top 10 Hldgs %
59.13%
Holding
54
New
1
Increased
39
Reduced
8
Closed
3

Top Buys

Rank Stock Value
1
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
+$13.2M
2
OKE icon
Oneok
OKE
+$11.2M
3
KMI icon
Kinder Morgan
KMI
+$6.64M
4
PBA icon
Pembina Pipeline
PBA
+$4.62M
5
WES icon
Western Midstream Partners
WES
+$3.57M

Top Sells

Rank Stock Value
1
MMP
Magellan Midstream Partners, L.P.
MMP
+$16.2M
2
MPC icon
Marathon Petroleum
MPC
+$2.98M
3
PKX icon
POSCO
PKX
+$1.67M
4
VLO icon
Valero Energy
VLO
+$1.35M
5
SHEL icon
Shell
SHEL
+$788K

Sector Composition

Rank Sector Weight
1 Energy 94.24%
2 Materials 5.05%
3 Consumer Discretionary 0.36%
4 Consumer Staples 0.21%
5 Real Estate 0.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FCX icon
26
Freeport-McMoran
FCX
$97.5B
$2.73M 0.4%
73,308
– –
NUE icon
27
Nucor
NUE
$62.1B
$2.36M 0.35%
15,082
+6
+0% +$993
COP icon
28
ConocoPhillips
COP
$141B
$2.24M 0.33%
18,718
-3,600
-16% -$418K
SHEL icon
29
Shell
SHEL
$245B
$2.22M 0.33%
84,761
-12,662
-13% -$788K
TTE icon
30
TotalEnergies
TTE
$190B
$1.97M 0.29%
29,995
-7,000
-19% -$433K
BHP icon
31
BHP
BHP
$230B
$1.93M 0.28%
33,991
+17
+0.1% +$994
B
32
Barrick Mining
B
$73.2B
$1.78M 0.26%
90,574
+61
+0.1% +$1K
WLK icon
33
Westlake Corp
WLK
$9.9B
$1.75M 0.26%
14,059
+13
+0.1% +$1.67K
DOW icon
34
Dow Inc
DOW
$21.2B
$1.46M 0.21%
28,364
+29
+0.1% +$1.56K
CTVA icon
35
Corteva
CTVA
$51.3B
$1.43M 0.21%
27,925
+17
+0.1% +$900
XOM icon
36
ExxonMobil
XOM
$634B
$1.41M 0.21%
12,001
+10
+0.1% +$1.1K
WRK
37
DELISTED
WestRock Company
WRK
$1.35M 0.2%
37,757
+8
+0% +$262
NEM icon
38
Newmont
NEM
$119B
$1.28M 0.19%
34,547
+11
+0% +$447
HAL icon
39
Halliburton
HAL
$26.6B
$1.27M 0.19%
31,319
+60
+0.2% +$2.35K
RIO icon
40
Rio Tinto
RIO
$164B
$1.23M 0.18%
19,249
+7
+0% +$447
PKX icon
41
POSCO
PKX
$17.5B
$1.12M 0.17%
10,974
-16,018
-59% -$1.67M
FMC icon
42
FMC
FMC
$1.33B
$1.12M 0.16%
16,754
+14
+0.1% +$1.21K
WY icon
43
Weyerhaeuser
WY
$18.4B
$915K 0.13%
29,851
+13
+0% +$428
DAR icon
44
Darling Ingredients
DAR
$9.44B
$796K 0.12%
15,257
+18
+0.1% +$1.13K
IP icon
45
International Paper
IP
$22B
$712K 0.1%
20,080
+7
+0% +$238
BP icon
46
BP
BP
$107B
$692K 0.1%
129,611
+1,381
+1% +$51.3K
ADM icon
47
Archer Daniels Midland
ADM
$36.9B
$661K 0.1%
8,769
+4
+0% +$324
VALE icon
48
Vale
VALE
$62.6B
$655K 0.1%
48,876
+27
+0.1% +$367
MOS icon
49
The Mosaic Company
MOS
$7.33B
$428K 0.06%
12,033
+7
+0.1% +$269
MUSA icon
50
Murphy USA
MUSA
$9.61B
$393K 0.06%
1,150
– –
1
2
3

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Recurrent Investment Advisors's Q3 2023 Portfolio in Review

As of Q3 2023, Recurrent Investment Advisors held 54 positions worth $681M, up 15% from $591M the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Recurrent Investment Advisors deployed $36M of net new capital in Q3 2023, opening 1 new position and adding to 39 existing holdings. Its largest new stake was Alpha Metallurgical Resources: 950 shares worth $247K.

By sector, the portfolio is most concentrated in Energy at 94% of assets, up from 93% a quarter earlier, followed by Materials and Consumer Discretionary.

On the sell side, the largest reduction was Marathon Petroleum, an estimated $2.98M trimmed.

  • Recurrent Investment Advisors's largest Q3 2023 buy was Alpha Metallurgical Resources: 950 shares worth $247K.
  • Recurrent Investment Advisors added most to Equitrans Midstream Corporation Common Stock in Q3 2023, an estimated $13.2M increase.
  • Recurrent Investment Advisors's biggest Q3 2023 reduction was Marathon Petroleum, cutting an estimated $2.98M.
  • Recurrent Investment Advisors fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $16.2M.
  • Recurrent Investment Advisors's ten largest holdings make up 59% of its $681M portfolio in Q3 2023.
  • Recurrent Investment Advisors opened 1 new position and closed 3 in Q3 2023.
  • Recurrent Investment Advisors's portfolio value rose 15% quarter-over-quarter to $681M.

Based on Recurrent Investment Advisors's 13F filing for Q3 2023, filed 14 Nov 2023.