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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
+2.79%
1 Year Est. Return
+38.27%
3 Year Est. Return
+108.58%
5 Year Est. Return
+241.5%
10 Year Est. Return
–
AUM
$950M
AUM Growth
+$87.4M
Cap. Flow
+$69M
Cap. Flow %
7.27%
Top 10 Hldgs %
60.74%
Holding
52
New
2
Increased
20
Reduced
28
Closed
1

Top Buys

Rank Stock Value
1
SUN icon
Sunoco
SUN
+$25.3M
2
DTM icon
DT Midstream
DTM
+$19.6M
3
LNG icon
Cheniere Energy
LNG
+$15.6M
4
CVE icon
Cenovus Energy
CVE
+$13M
5
EPD icon
Enterprise Products Partners
EPD
+$9.68M

Top Sells

Rank Stock Value
1
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
+$40.1M
2
MPC icon
Marathon Petroleum
MPC
+$4.58M
3
VLO icon
Valero Energy
VLO
+$3.09M
4
VNOM icon
Viper Energy
VNOM
+$2.77M
5
FCX icon
Freeport-McMoran
FCX
+$1.16M

Sector Composition

Rank Sector Weight
1 Energy 96.3%
2 Materials 3.25%
3 Consumer Discretionary 0.23%
4 Consumer Staples 0.13%
5 Real Estate 0.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVE icon
1
Cenovus Energy
CVE
$54.6B
$73.8M 7.76%
3,674,210
+641,526
+21% +$13M
ET icon
2
Energy Transfer Partners
ET
$70.1B
$68.8M 7.24%
4,241,638
+396,798
+10% +$6.24M
LNG icon
3
Cheniere Energy
LNG
$56.5B
$63M 6.63%
360,245
+98,284
+38% +$15.6M
PBA icon
4
Pembina Pipeline
PBA
$29.9B
$59.7M 6.28%
1,596,628
+175,593
+12% +$6.35M
SU icon
5
Suncor Energy
SU
$77.7B
$56.7M 5.97%
1,462,914
+27,426
+2% +$1.06M
OKE icon
6
Oneok
OKE
$58.7B
$56.5M 5.94%
692,359
+92,387
+15% +$7.38M
WES icon
7
Western Midstream Partners
WES
$19.6B
$52.7M 5.55%
1,325,930
+29,775
+2% +$1.1M
PAGP icon
8
Plains GP Holdings
PAGP
$5.23B
$52.1M 5.49%
2,768,569
-5,000
-0.2% -$91.8K
PSX icon
9
Phillips 66
PSX
$82.9B
$47M 4.94%
332,590
+27,206
+9% +$4.03M
TRGP icon
10
Targa Resources
TRGP
$60.4B
$46.8M 4.93%
363,465
+8,153
+2% +$955K
EPD icon
11
Enterprise Products Partners
EPD
$83.8B
$45M 4.74%
1,554,379
+337,668
+28% +$9.68M
SUN icon
12
Sunoco
SUN
$14.2B
$37.8M 3.98%
668,593
+463,778
+226% +$25.3M
KMI icon
13
Kinder Morgan
KMI
$73.1B
$37.7M 3.97%
1,899,136
+43,005
+2% +$820K
WMB icon
14
Williams Companies
WMB
$90.5B
$36.5M 3.84%
859,225
+10,773
+1% +$432K
VNOM icon
15
Viper Energy
VNOM
$8.81B
$30.5M 3.21%
812,743
-72,953
-8% -$2.77M
ARLP icon
16
Alliance Resource Partners
ARLP
$3.18B
$26.4M 2.78%
1,078,384
+50,640
+5% +$1.15M
MPC icon
17
Marathon Petroleum
MPC
$90.3B
$25.9M 2.72%
149,153
-24,625
-14% -$4.58M
VLO icon
18
Valero Energy
VLO
$89.8B
$23.8M 2.51%
152,065
-19,135
-11% -$3.09M
ETRN
19
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$21.9M 2.31%
1,687,238
-2,992,140
-64% -$40.1M
DTM icon
20
DT Midstream
DTM
$14.9B
$21.2M 2.23%
+298,703
New +$19.6M
ENB icon
21
Enbridge
ENB
$124B
$16.2M 1.71%
456,244
+66,347
+17% +$2.37M
TRP icon
22
TC Energy
TRP
$73.5B
$6.96M 0.73%
183,595
+573
+0.3% +$21.7K
TECK icon
23
Teck Resources
TECK
$29.5B
$5.46M 0.57%
83,366
-2,164
-3% -$106K
NTR icon
24
Nutrien
NTR
$32.7B
$3.77M 0.4%
54,138
+1,447
+3% +$79.2K
AA icon
25
Alcoa
AA
$11.7B
$3.32M 0.35%
83,569
-2,450
-3% -$94.8K
1
2 3

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Recurrent Investment Advisors's Q2 2024 Portfolio in Review

As of Q2 2024, Recurrent Investment Advisors held 52 positions worth $950M, up 10% from $863M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Recurrent Investment Advisors deployed $69M of net new capital in Q2 2024, opening 2 new positions and adding to 20 existing holdings. Its largest new stake was DT Midstream: 298,703 shares worth $21.2M.

By sector, the portfolio is most concentrated in Energy at 96% of assets, up from 96% a quarter earlier, followed by Materials and Consumer Discretionary.

On the sell side, the largest reduction was Equitrans Midstream Corporation Common Stock, an estimated $40.1M trimmed.

  • Recurrent Investment Advisors's largest Q2 2024 buy was DT Midstream: 298,703 shares worth $21.2M.
  • Recurrent Investment Advisors added most to Sunoco in Q2 2024, an estimated $25.3M increase.
  • Recurrent Investment Advisors's biggest Q2 2024 reduction was Equitrans Midstream Corporation Common Stock, cutting an estimated $40.1M.
  • Recurrent Investment Advisors fully exited XPLR Infrastructure LP in Q2 2024, selling an estimated $211K.
  • Recurrent Investment Advisors's ten largest holdings make up 61% of its $950M portfolio in Q2 2024.
  • Recurrent Investment Advisors opened 2 new positions and closed 1 in Q2 2024.
  • Recurrent Investment Advisors's portfolio value rose 10% quarter-over-quarter to $950M.

Based on Recurrent Investment Advisors's 13F filing for Q2 2024, filed 14 Aug 2024.