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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
+0.51%
1 Year Est. Return
+38.27%
3 Year Est. Return
+108.58%
5 Year Est. Return
+241.5%
10 Year Est. Return
–
AUM
$506M
AUM Growth
+$36.8M
Cap. Flow
+$37.2M
Cap. Flow %
7.36%
Top 10 Hldgs %
59.75%
Holding
53
New
–
Increased
23
Reduced
1
Closed
10

Top Buys

Rank Stock Value
1
LNG icon
Cheniere Energy
LNG
+$4.55M
2
CVE icon
Cenovus Energy
CVE
+$4.46M
3
PBA icon
Pembina Pipeline
PBA
+$3.77M
4
WES icon
Western Midstream Partners
WES
+$2.8M
5
WMB icon
Williams Companies
WMB
+$2.53M

Top Sells

Rank Stock Value
1
TRGP icon
Targa Resources
TRGP
+$1.48M
2
SHEL icon
Shell
SHEL
+$9.39K
3
B
Barrick Mining
B
+$7.87K
4
TECK icon
Teck Resources
TECK
+$7.79K
5
CNQ icon
Canadian Natural Resources
CNQ
+$6.83K

Sector Composition

Rank Sector Weight
1 Energy 95%
2 Materials 4.27%
3 Consumer Discretionary 0.34%
4 Consumer Staples 0.23%
5 Real Estate 0.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ET icon
1
Energy Transfer Partners
ET
$68.5B
$38.4M 7.6%
3,081,560
+126,853
+4% +$1.6M
CVE icon
2
Cenovus Energy
CVE
$52.3B
$36.2M 7.15%
2,072,189
+243,200
+13% +$4.46M
PAGP icon
3
Plains GP Holdings
PAGP
$5.16B
$32.4M 6.42%
2,471,317
+179,946
+8% +$2.36M
PBA icon
4
Pembina Pipeline
PBA
$29B
$31.3M 6.19%
965,696
+111,732
+13% +$3.77M
MPC icon
5
Marathon Petroleum
MPC
$91.2B
$31M 6.14%
230,191
+6,350
+3% +$795K
VLO icon
6
Valero Energy
VLO
$90.5B
$27.2M 5.38%
195,040
+7,350
+4% +$987K
LNG icon
7
Cheniere Energy
LNG
$53.6B
$26.7M 5.29%
169,655
+30,138
+22% +$4.55M
PSX icon
8
Phillips 66
PSX
$83.3B
$26.6M 5.25%
261,969
+7,541
+3% +$767K
WES icon
9
Western Midstream Partners
WES
$19.3B
$26.6M 5.25%
1,006,830
+104,134
+12% +$2.8M
EPD icon
10
Enterprise Products Partners
EPD
$82.5B
$25.7M 5.08%
992,621
+5,764
+0.6% +$148K
TRGP icon
11
Targa Resources
TRGP
$57.4B
$25.2M 4.98%
345,008
-20,043
-5% -$1.48M
SU icon
12
Suncor Energy
SU
$75.6B
$25M 4.94%
804,449
+61,469
+8% +$2M
VNOM icon
13
Viper Energy
VNOM
$8.4B
$22.6M 4.47%
806,932
+51,200
+7% +$1.54M
KMI icon
14
Kinder Morgan
KMI
$70.6B
$21.2M 4.2%
1,213,375
+77,237
+7% +$1.37M
WMB icon
15
Williams Companies
WMB
$86.6B
$20.4M 4.04%
684,773
+81,925
+14% +$2.53M
MMP
16
DELISTED
Magellan Midstream Partners, L.P.
MMP
$13.2M 2.6%
242,431
+33,768
+16% +$1.79M
ARLP icon
17
Alliance Resource Partners
ARLP
$3.3B
$13.1M 2.6%
650,784
+75,700
+13% +$1.55M
ENB icon
18
Enbridge
ENB
$121B
$11.6M 2.3%
305,271
+29,627
+11% +$1.16M
SUN icon
19
Sunoco
SUN
$14B
$6.89M 1.36%
157,066
+5,795
+4% +$261K
ETRN
20
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$6.51M 1.29%
1,126,685
+245,988
+28% +$1.58M
TRP icon
21
TC Energy
TRP
$71.2B
$6.13M 1.21%
157,479
+44,003
+39% +$1.79M
FCX icon
22
Freeport-McMoran
FCX
$90.2B
$2.99M 0.59%
73,178
– –
AA icon
23
Alcoa
AA
$11.6B
$2.67M 0.53%
62,848
+4,500
+8% +$217K
TTE icon
24
TotalEnergies
TTE
$187B
$2.18M 0.43%
36,933
– –
NUE icon
25
Nucor
NUE
$56.4B
$2.1M 0.42%
13,602
– –
1
2 3

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Recurrent Investment Advisors's Q1 2023 Portfolio in Review

As of Q1 2023, Recurrent Investment Advisors held 53 positions worth $506M, up 7.9% from $469M the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Recurrent Investment Advisors deployed $37.2M of net new capital in Q1 2023, adding to 23 existing holdings.

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

On the sell side, the largest reduction was Targa Resources, an estimated $1.48M trimmed.

  • Recurrent Investment Advisors added most to Cheniere Energy in Q1 2023, an estimated $4.55M increase.
  • Recurrent Investment Advisors's biggest Q1 2023 reduction was Targa Resources, cutting an estimated $1.48M.
  • Recurrent Investment Advisors fully exited Shell in Q1 2023, selling an estimated $9.39K.
  • Recurrent Investment Advisors's ten largest holdings make up 60% of its $506M portfolio in Q1 2023.
  • Recurrent Investment Advisors opened 0 new positions and closed 10 in Q1 2023.
  • Recurrent Investment Advisors's portfolio value rose 7.9% quarter-over-quarter to $506M.

Based on Recurrent Investment Advisors's 13F filing for Q1 2023, filed 15 May 2023.