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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
+12.7%
1 Year Est. Return
+38.27%
3 Year Est. Return
+108.58%
5 Year Est. Return
+241.5%
10 Year Est. Return
–
AUM
$469M
AUM Growth
+$98.3M
Cap. Flow
+$60.8M
Cap. Flow %
12.96%
Top 10 Hldgs %
59.61%
Holding
53
New
11
Increased
21
Reduced
5
Closed
–

Top Buys

Rank Stock Value
1
EPD icon
Enterprise Products Partners
EPD
+$6.28M
2
PAGP icon
Plains GP Holdings
PAGP
+$5.64M
3
SHEL icon
Shell
SHEL
+$5.21M
4
ET icon
Energy Transfer Partners
ET
+$5.04M
5
PBA icon
Pembina Pipeline
PBA
+$4.61M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$2.77M
2
CVE icon
Cenovus Energy
CVE
+$1.8M
3
VNOM icon
Viper Energy
VNOM
+$282K
4
FMC icon
FMC
FMC
+$736
5
PKX icon
POSCO
PKX
+$446

Sector Composition

Rank Sector Weight
1 Energy 94.94%
2 Materials 4.21%
3 Consumer Discretionary 0.39%
4 Consumer Staples 0.28%
5 Real Estate 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVE icon
1
Cenovus Energy
CVE
$54.6B
$35.5M 7.57%
1,828,989
-93,782
-5% -$1.8M
ET icon
2
Energy Transfer Partners
ET
$70.1B
$35.1M 7.48%
2,954,707
+420,041
+17% +$5.04M
PBA icon
3
Pembina Pipeline
PBA
$29.9B
$29M 6.18%
853,964
+137,655
+19% +$4.61M
PAGP icon
4
Plains GP Holdings
PAGP
$5.23B
$28.5M 6.07%
2,291,371
+452,300
+25% +$5.64M
TRGP icon
5
Targa Resources
TRGP
$60.4B
$26.8M 5.72%
365,051
+52,000
+17% +$3.63M
PSX icon
6
Phillips 66
PSX
$82.9B
$26.5M 5.65%
254,428
+17,220
+7% +$1.76M
MPC icon
7
Marathon Petroleum
MPC
$90.3B
$26.1M 5.56%
223,841
+2,000
+0.9% +$228K
WES icon
8
Western Midstream Partners
WES
$19.6B
$24.2M 5.17%
902,696
+115,000
+15% +$3.1M
VNOM icon
9
Viper Energy
VNOM
$8.81B
$24M 5.12%
755,732
-8,750
-1% -$282K
VLO icon
10
Valero Energy
VLO
$89.8B
$23.8M 5.08%
187,690
+9,000
+5% +$1.13M
EPD icon
11
Enterprise Products Partners
EPD
$83.8B
$23.8M 5.08%
986,857
+254,914
+35% +$6.28M
SU icon
12
Suncor Energy
SU
$77.7B
$23.6M 5.03%
742,980
+134,650
+22% +$4.43M
LNG icon
13
Cheniere Energy
LNG
$56.5B
$20.9M 4.46%
139,517
+18,850
+16% +$3.15M
KMI icon
14
Kinder Morgan
KMI
$73.1B
$20.5M 4.38%
1,136,138
+245,000
+27% +$4.41M
WMB icon
15
Williams Companies
WMB
$90.5B
$19.8M 4.23%
602,848
+125,000
+26% +$4.07M
ARLP icon
16
Alliance Resource Partners
ARLP
$3.18B
$11.7M 2.49%
575,084
+49,000
+9% +$1.11M
ENB icon
17
Enbridge
ENB
$124B
$10.8M 2.3%
275,644
+92,000
+50% +$3.6M
MMP
18
DELISTED
Magellan Midstream Partners, L.P.
MMP
$10.5M 2.23%
208,663
+35,000
+20% +$1.78M
SUN icon
19
Sunoco
SUN
$14.2B
$6.52M 1.39%
151,271
+58,816
+64% +$2.48M
ETRN
20
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$5.9M 1.26%
880,697
+160,000
+22% +$1.24M
TRP icon
21
TC Energy
TRP
$73.5B
$4.52M 0.96%
113,476
+20,000
+21% +$867K
FCX icon
22
Freeport-McMoran
FCX
$90B
$2.78M 0.59%
73,178
– –
AA icon
23
Alcoa
AA
$11.7B
$2.65M 0.57%
58,348
– –
COP icon
24
ConocoPhillips
COP
$147B
$2.39M 0.51%
20,218
– –
TTE icon
25
TotalEnergies
TTE
$193B
$2.29M 0.49%
36,933
– –
1
2 3

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Recurrent Investment Advisors's Q4 2022 Portfolio in Review

As of Q4 2022, Recurrent Investment Advisors held 53 positions worth $469M, up 27% from $371M the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Recurrent Investment Advisors deployed $60.8M of net new capital in Q4 2022, opening 11 new positions and adding to 21 existing holdings. Its largest new stake was Shell: 94,575 shares worth $9.39K.

By sector, the portfolio is most concentrated in Energy at 95% of assets, up from 94% a quarter earlier, followed by Materials and Consumer Discretionary.

On the sell side, the largest reduction was Darling Ingredients, an estimated $2.77M trimmed.

  • Recurrent Investment Advisors's largest Q4 2022 buy was Shell: 94,575 shares worth $9.39K.
  • Recurrent Investment Advisors added most to Enterprise Products Partners in Q4 2022, an estimated $6.28M increase.
  • Recurrent Investment Advisors's biggest Q4 2022 reduction was Darling Ingredients, cutting an estimated $2.77M.
  • Recurrent Investment Advisors's ten largest holdings make up 60% of its $469M portfolio in Q4 2022.
  • Recurrent Investment Advisors opened 11 new positions and closed 0 in Q4 2022.
  • Recurrent Investment Advisors's portfolio value rose 27% quarter-over-quarter to $469M.

Based on Recurrent Investment Advisors's 13F filing for Q4 2022, filed 14 Feb 2023.