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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
+1.55%
1 Year Est. Return
+38.27%
3 Year Est. Return
+108.58%
5 Year Est. Return
+241.5%
10 Year Est. Return
–
AUM
$591M
AUM Growth
+$85.1M
Cap. Flow
+$87.4M
Cap. Flow %
14.79%
Top 10 Hldgs %
56.89%
Holding
53
New
10
Increased
43
Reduced
–
Closed
–

Top Buys

Rank Stock Value
1
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
+$9.17M
2
CVE icon
Cenovus Energy
CVE
+$8.25M
3
SU icon
Suncor Energy
SU
+$7.33M
4
SHEL icon
Shell
SHEL
+$5.85M
5
BP icon
BP
BP
+$4.75M

Top Sells

No sells this quarter

Sector Composition

Rank Sector Weight
1 Energy 93.22%
2 Materials 5.94%
3 Consumer Discretionary 0.35%
4 Consumer Staples 0.28%
5 Real Estate 0.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVE icon
1
Cenovus Energy
CVE
$54.6B
$44.8M 7.58%
2,562,060
+489,871
+24% +$8.25M
ET icon
2
Energy Transfer Partners
ET
$70.1B
$42.2M 7.14%
3,323,461
+241,901
+8% +$3.07M
PAGP icon
3
Plains GP Holdings
PAGP
$5.23B
$39.4M 6.67%
2,656,107
+184,790
+7% +$2.55M
PBA icon
4
Pembina Pipeline
PBA
$29.9B
$33.8M 5.72%
1,062,940
+97,244
+10% +$3.11M
SU icon
5
Suncor Energy
SU
$77.7B
$31.6M 5.35%
1,049,419
+244,970
+30% +$7.33M
MPC icon
6
Marathon Petroleum
MPC
$90.3B
$30M 5.08%
257,566
+27,375
+12% +$3.18M
LNG icon
7
Cheniere Energy
LNG
$56.5B
$29.8M 5.05%
195,635
+25,980
+15% +$3.85M
PSX icon
8
Phillips 66
PSX
$82.9B
$29.1M 4.92%
304,689
+42,720
+16% +$4.15M
WES icon
9
Western Midstream Partners
WES
$19.6B
$27.8M 4.7%
1,047,735
+40,905
+4% +$1.08M
VLO icon
10
Valero Energy
VLO
$89.8B
$27.6M 4.66%
234,942
+39,902
+20% +$4.64M
EPD icon
11
Enterprise Products Partners
EPD
$83.8B
$26.9M 4.56%
1,022,751
+30,130
+3% +$788K
TRGP icon
12
Targa Resources
TRGP
$60.4B
$26.7M 4.52%
351,108
+6,100
+2% +$442K
WMB icon
13
Williams Companies
WMB
$90.5B
$25.1M 4.24%
767,853
+83,080
+12% +$2.49M
ETRN
14
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$23.8M 4.03%
2,492,235
+1,365,550
+121% +$9.17M
KMI icon
15
Kinder Morgan
KMI
$73.1B
$23M 3.9%
1,338,515
+125,140
+10% +$2.13M
VNOM icon
16
Viper Energy
VNOM
$8.81B
$22.9M 3.87%
852,597
+45,665
+6% +$1.25M
MMP
17
DELISTED
Magellan Midstream Partners, L.P.
MMP
$16.2M 2.75%
260,531
+18,100
+7% +$1.06M
ARLP icon
18
Alliance Resource Partners
ARLP
$3.18B
$13M 2.19%
701,284
+50,500
+8% +$969K
ENB icon
19
Enbridge
ENB
$124B
$12.2M 2.06%
327,571
+22,300
+7% +$850K
TRP icon
20
TC Energy
TRP
$73.5B
$7.41M 1.25%
183,379
+25,900
+16% +$1.06M
SUN icon
21
Sunoco
SUN
$14.2B
$7.15M 1.21%
164,102
+7,036
+4% +$311K
TECK icon
22
Teck Resources
TECK
$29.5B
$5.29M 0.9%
+94,964
New +$4.08M
NTR icon
23
Nutrien
NTR
$32.7B
$3.27M 0.55%
+41,855
New +$2.66M
FCX icon
24
Freeport-McMoran
FCX
$90B
$2.93M 0.5%
73,308
+130
+0.2% +$4.95K
NUE icon
25
Nucor
NUE
$56.4B
$2.47M 0.42%
15,076
+1,474
+11% +$215K
1
2 3

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Recurrent Investment Advisors's Q2 2023 Portfolio in Review

As of Q2 2023, Recurrent Investment Advisors held 53 positions worth $591M, up 17% from $506M the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Recurrent Investment Advisors deployed $87.4M of net new capital in Q2 2023, opening 10 new positions and adding to 43 existing holdings. Its largest new stake was Shell: 97,423 shares worth $2.29M.

By sector, the portfolio is most concentrated in Energy at 93% of assets, down from 95% a quarter earlier, followed by Materials and Consumer Discretionary.

  • Recurrent Investment Advisors's largest Q2 2023 buy was Shell: 97,423 shares worth $2.29M.
  • Recurrent Investment Advisors added most to Equitrans Midstream Corporation Common Stock in Q2 2023, an estimated $9.17M increase.
  • Recurrent Investment Advisors's ten largest holdings make up 57% of its $591M portfolio in Q2 2023.
  • Recurrent Investment Advisors opened 10 new positions and closed 0 in Q2 2023.
  • Recurrent Investment Advisors's portfolio value rose 17% quarter-over-quarter to $591M.

Based on Recurrent Investment Advisors's 13F filing for Q2 2023, filed 14 Aug 2023.