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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
AMR icon
51
Alpha Metallurgical Resources
AMR
$1.93B
$247K 0.04%
+950
New +$186K
FANG icon
52
Diamondback Energy
FANG
$52.7B
– –
-1,611
Closed -$212K
XIFR
53
XPLR Infrastructure LP
XIFR
$1.08B
– –
-3,500
Closed -$205K
MMP
54
DELISTED
Magellan Midstream Partners, L.P.
MMP
– –
-260,531
Closed -$16.2M
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.