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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
CVE icon
1
Cenovus Energy
CVE
$53B
$55.1M 8.09%
2,562,586
+526
+0% +$10K
ET icon
2
Energy Transfer Partners
ET
$69.5B
$49.3M 7.24%
3,513,544
+190,083
+6% +$2.52M
PAGP icon
3
Plains GP Holdings
PAGP
$5.2B
$44.6M 6.56%
2,771,107
+115,000
+4% +$1.81M
SU icon
4
Suncor Energy
SU
$76B
$39.9M 5.86%
1,128,581
+79,162
+8% +$2.54M
PSX icon
5
Phillips 66
PSX
$83.2B
$37.8M 5.55%
314,466
+9,777
+3% +$1.1M
PBA icon
6
Pembina Pipeline
PBA
$29.5B
$36.9M 5.41%
1,212,978
+150,038
+14% +$4.62M
ETRN
7
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$36.3M 5.33%
3,875,686
+1,383,451
+56% +$13.2M
MPC icon
8
Marathon Petroleum
MPC
$90.7B
$35.7M 5.25%
236,186
-21,380
-8% -$2.98M
LNG icon
9
Cheniere Energy
LNG
$55B
$34.9M 5.12%
210,135
+14,500
+7% +$2.34M
WES icon
10
Western Midstream Partners
WES
$19.6B
$32.1M 4.72%
1,179,418
+131,683
+13% +$3.57M
VLO icon
11
Valero Energy
VLO
$90.2B
$31.8M 4.67%
224,644
-10,298
-4% -$1.35M
EPD icon
12
Enterprise Products Partners
EPD
$83.2B
$30.7M 4.51%
1,122,751
+100,000
+10% +$2.67M
TRGP icon
13
Targa Resources
TRGP
$59.6B
$29.9M 4.39%
348,508
-2,600
-0.7% -$215K
KMI icon
14
Kinder Morgan
KMI
$72B
$28.6M 4.2%
1,723,515
+385,000
+29% +$6.64M
WMB icon
15
Williams Companies
WMB
$89.2B
$28.5M 4.19%
846,993
+79,140
+10% +$2.7M
VNOM icon
16
Viper Energy
VNOM
$8.68B
$23.7M 3.47%
848,697
-3,900
-0.5% -$107K
ARLP icon
17
Alliance Resource Partners
ARLP
$3.21B
$16.6M 2.43%
735,784
+34,500
+5% +$688K
ENB icon
18
Enbridge
ENB
$123B
$12.9M 1.89%
387,571
+60,000
+18% +$2.13M
OKE icon
19
Oneok
OKE
$57.7B
$11.3M 1.66%
178,148
+171,748
+2,684% +$11.2M
SUN icon
20
Sunoco
SUN
$14.1B
$9.02M 1.32%
184,308
+20,206
+12% +$918K
TRP icon
21
TC Energy
TRP
$72.6B
$6.31M 0.93%
183,379
– –
TECK icon
22
Teck Resources
TECK
$29.8B
$5.55M 0.81%
95,002
+38
+0% +$1.57K
NTR icon
23
Nutrien
NTR
$32B
$3.51M 0.52%
41,870
+15
+0% +$949
MT icon
24
ArcelorMittal
MT
$50.8B
$3.04M 0.45%
128,015
+31,067
+32% +$826K
AA icon
25
Alcoa
AA
$11.7B
$2.78M 0.41%
95,532
+26,049
+37% +$817K
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.