Recurrent Investment Advisors LLC
CIK 0001803146
Annualised vol
7.868302%
Beta
0.21106
HHI
445.934349
Top-10 weight
56.989052%
VaR 95%
0.695356%
VaR 99%
1.37126%
Max drawdown
18.535633%
Matched value
56.086044%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| CVE | REDUCED | 4,739,325 | 5,799,641 | -18.28% | 122,596,100 |
| OKE | ADDED | 1,159,957 | 1,156,034 | 0.34% | 100,846,662 |
| MUSA | ADDED | 146,263 | 146,119 | 0.1% | 78,592,086 |
| LNG | ADDED | 301,353 | 300,074 | 0.43% | 72,026,381 |
| PBA | ADDED | 1,498,252 | 1,494,250 | 0.27% | 69,630,941 |
| PSX | REDUCED | 403,016 | 414,064 | -2.67% | 68,129,855 |
| SU | REDUCED | 1,145,921 | 1,515,161 | -24.37% | 62,732,891 |
| DTM | REDUCED | 355,154 | 355,156 | 0.0% | 52,115,298 |
| ENB | ADDED | 882,892 | 465,619 | 89.62% | 47,861,617 |
| SOBO | REDUCED | 1,158,738 | 1,161,016 | -0.2% | 40,833,484 |
| PBF | REDUCED | 729,534 | 1,002,915 | -27.26% | 33,208,388 |
| MPLX | NEW | 544,714 | - | - | 30,683,740 |
| VG | NEW | 2,025,792 | - | - | 22,547,065 |
| VNOM | REDUCED | 468,061 | 989,318 | -52.69% | 19,845,786 |
| WLK | ADDED | 128,771 | 112,790 | 14.17% | 9,400,283 |
| NEM | UNCHANGED | 97,245 | 97,245 | 0.0% | 9,082,683 |
| HUN | ADDED | 792,476 | 535,914 | 47.87% | 8,416,097 |
| CVX | ADDED | 43,165 | 43,163 | 0.0% | 7,155,030 |
| NTR | REDUCED | 52,357 | 52,360 | -0.01% | 4,674,164 |
| KGC | NEW | 147,739 | - | - | 3,930,823 |
| NUE | ADDED | 16,621 | 16,615 | 0.04% | 3,702,328 |
| COP | UNCHANGED | 33,972 | 33,972 | 0.0% | 3,531,729 |
| FCX | REDUCED | 52,486 | 52,517 | -0.06% | 3,300,845 |
| TECK | UNCHANGED | 40,394 | 40,394 | 0.0% | 3,046,035 |
| VALE | ADDED | 196,192 | 196,130 | 0.03% | 2,950,728 |
| RIO | REDUCED | 27,245 | 27,247 | -0.01% | 2,586,368 |
| HAL | ADDED | 73,663 | 73,648 | 0.02% | 2,500,859 |
| FANG | UNCHANGED | 11,756 | 11,756 | 0.0% | 2,066,470 |
| SUNC | ADDED | 26,080 | 15,380 | 69.57% | 1,764,834 |
| SHEL | ADDED | 56,587 | 56,141 | 0.79% | 1,663,891 |
| DAR | UNCHANGED | 27,265 | 27,265 | 0.0% | 1,489,214 |
| EXE | ADDED | 15,646 | 9,689 | 61.48% | 1,426,759 |
| SW | UNCHANGED | 26,095 | 26,095 | 0.0% | 1,207,155 |
| MOS | ADDED | 54,542 | 54,447 | 0.17% | 1,155,745 |
| IP | ADDED | 28,324 | 28,266 | 0.21% | 1,079,144 |
| TTE | UNCHANGED | 15,824 | 15,824 | 0.0% | 1,076,507 |
| TRP | UNCHANGED | 14,455 | 14,455 | 0.0% | 958,222 |
| AA | REDUCED | 15,100 | 15,130 | -0.2% | 787,314 |
| CCJ | UNCHANGED | 6,757 | 6,757 | 0.0% | 688,268 |
| PKX | REDUCED | 12,422 | 24,960 | -50.23% | 638,242 |
| WY | REDUCED | 25,134 | 25,144 | -0.04% | 601,708 |
| BP | NEW | 126,792 | - | - | 594,182 |
| ADM | REDUCED | 7,392 | 7,396 | -0.05% | 564,749 |
| KNTK | REDUCED | 9,970 | 11,700 | -14.79% | 481,950 |
| VST | UNCHANGED | 2,822 | 2,822 | 0.0% | 447,654 |
| ALB | REDUCED | 2,537 | 6,283 | -59.62% | 342,571 |
| CEG | UNCHANGED | 1,311 | 1,311 | 0.0% | 325,613 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | TARGA RES CORP | COM | 87612G101 | 126,196,605 | 7.83 | 470637.0 | |
| CVE | REDUCED | CENOVUS ENERGY INC | COM | 15135U109 | 122,596,100 | 7.61 | 4739325.0 |
| - | ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | 113,484,733 | 7.04 | 5935394.0 | |
| OKE | ADDED | ONEOK INC NEW | COM | 682680103 | 100,846,662 | 6.26 | 1159957.0 |
| - | KINDER MORGAN INC DEL | COM | 49456B101 | 82,435,572 | 5.12 | 2578529.0 | |
| MUSA | ADDED | MURPHY USA INC | COM | 626755102 | 78,592,086 | 4.88 | 146263.0 |
| - | SUNOCO LP/SUNOCO FIN CORP | COM UT REP LP | 86765K109 | 77,586,795 | 4.82 | 1149434.0 | |
| - | ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 74,674,852 | 4.64 | 2031416.0 | |
| LNG | ADDED | CHENIERE ENERGY INC | COM NEW | 16411R208 | 72,026,381 | 4.47 | 301353.0 |
| PBA | ADDED | PEMBINA PIPELINE CORP | COM | 706327103 | 69,630,941 | 4.32 | 1498252.0 |
| PSX | REDUCED | PHILLIPS 66 | COM | 718546104 | 68,129,855 | 4.23 | 403016.0 |
| SU | REDUCED | SUNCOR ENERGY INC NEW | COM | 867224107 | 62,732,891 | 3.89 | 1145921.0 |
| - | WILLIAMS COS INC | COM | 969457100 | 56,711,533 | 3.52 | 762867.0 | |
| DTM | REDUCED | DT MIDSTREAM INC | COMMON STOCK | 23345M107 | 52,115,298 | 3.24 | 355154.0 |
| - | WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 | 49,592,814 | 3.08 | 1133291.0 | |
| ENB | ADDED | ENBRIDGE INC | COM | 29250N105 | 47,861,617 | 2.97 | 882892.0 |
| - | PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 | 43,595,958 | 2.71 | 1791325.0 | |
| SOBO | REDUCED | SOUTH BOW CORP | COM | 83671M105 | 40,833,484 | 2.53 | 1158738.0 |
| PBF | REDUCED | PBF ENERGY INC | CL A | 69318G106 | 33,208,388 | 2.06 | 729534.0 |
| MPLX | NEW | MPLX LP | COM UNIT REP LTD | 55336V100 | 30,683,740 | 1.9 | 544714.0 |
| VG | NEW | VENTURE GLOBAL INC | COM CL A | 92333F101 | 22,547,065 | 1.4 | 2025792.0 |
| - | MARATHON PETE CORP | COM | 56585A102 | 21,936,230 | 1.36 | 85799.0 | |
| VNOM | REDUCED | VIPER ENERGY INC | CL A | 64361Q101 | 19,845,786 | 1.23 | 468061.0 |
| - | BARRICK MNG CORP | COM SHS | 06849F108 | 10,345,212 | 0.64 | 234844.0 | |
| - | DOW HLDGS INC | COM | 260557103 | 10,008,691 | 0.62 | 365815.0 | |
| WLK | ADDED | WESTLAKE CORPORATION | COM | 960413102 | 9,400,283 | 0.58 | 128771.0 |
| - | EASTMAN CHEM CO | COM | 277432100 | 9,099,328 | 0.56 | 135851.0 | |
| NEM | UNCHANGED | NEWMONT CORP | COM | 651639106 | 9,082,683 | 0.56 | 97245.0 |
| HUN | ADDED | HUNTSMAN CORP | COM | 447011107 | 8,416,097 | 0.52 | 792476.0 |
| - | EXXON MOBIL CORP | COM | 30231G102 | 7,972,690 | 0.49 | 58314.0 | |
| - | LYONDELLBASELL INDUSTRIES NV | SHS - A - | N53745100 | 7,618,929 | 0.47 | 144709.0 | |
| CVX | ADDED | CHEVRON CORPORATION | COM | 166764100 | 7,155,030 | 0.44 | 43165.0 |
| NTR | REDUCED | NUTRIEN LTD | COM | 67077M108 | 4,674,164 | 0.29 | 52357.0 |
| KGC | NEW | KINROSS GOLD CORP | COM | 496902404 | 3,930,823 | 0.24 | 147739.0 |
| - | MATADOR RES CO | COM | 576485205 | 3,835,400 | 0.24 | 77047.0 | |
| NUE | ADDED | NUCOR CORP | COM | 670346105 | 3,702,328 | 0.23 | 16621.0 |
| COP | UNCHANGED | CONOCOPHILLIPS | COM | 20825C104 | 3,531,729 | 0.22 | 33972.0 |
| FCX | REDUCED | FREEPORT MCMORAN INC | CL B | 35671D857 | 3,300,845 | 0.2 | 52486.0 |
| TECK | UNCHANGED | TECK RESOURCES LTD | CL B | 878742204 | 3,046,035 | 0.19 | 40394.0 |
| VALE | ADDED | VALE S A | SPONSORED ADS | 91912E105 | 2,950,728 | 0.18 | 196192.0 |
| RIO | REDUCED | RIO TINTO PLC | SPONSORED ADR | 767204100 | 2,586,368 | 0.16 | 27245.0 |
| HAL | ADDED | HALLIBURTON CO | COM | 406216101 | 2,500,859 | 0.16 | 73663.0 |
| - | CANADIAN NAT RES LTD MED TER | COM | 136385101 | 2,340,059 | 0.15 | 59242.0 | |
| - | BHP BILLITON LIMITED | SPONSORED ADS | 088606108 | 2,271,197 | 0.14 | 27262.0 | |
| FANG | UNCHANGED | DIAMONDBACK ENERGY INC | COM | 25278X109 | 2,066,470 | 0.13 | 11756.0 |
| SUNC | ADDED | SUNOCOCORP LLC | COM SHS LLC | 86765Q106 | 1,764,834 | 0.11 | 26080.0 |
| SHEL | ADDED | SHELL PLC | SPON ADS | 780259305 | 1,663,891 | 0.1 | 56587.0 |
| DAR | UNCHANGED | DARLING INGREDIENTS INC | COM | 237266101 | 1,489,214 | 0.09 | 27265.0 |
| - | CRH PLC | ORD | G25508105 | 1,449,743 | 0.09 | 13549.0 | |
| EXE | ADDED | EXPAND ENERGY CORPORATION | COM | 165167735 | 1,426,759 | 0.09 | 15646.0 |
| SW | UNCHANGED | SMURFIT WESTROCK PLC | SHS | G8267P108 | 1,207,155 | 0.07 | 26095.0 |
| MOS | ADDED | MOSAIC CO | COM | 61945C103 | 1,155,745 | 0.07 | 54542.0 |
| IP | ADDED | INTERNATIONAL PAPER CO | COM | 460146103 | 1,079,144 | 0.07 | 28324.0 |
| TTE | UNCHANGED | TOTALENERGIES SE | ACT | F92124100 | 1,076,507 | 0.07 | 15824.0 |
| - | CROWN HLDGS INC | COM | 228368106 | 1,051,779 | 0.07 | 9406.0 | |
| TRP | UNCHANGED | TC ENERGY CORP | COM | 87807B107 | 958,222 | 0.06 | 14455.0 |
| - | CF INDUSTRIES HOLD | COM | 125269100 | 883,726 | 0.05 | 8163.0 | |
| - | ARCELORMITTAL SA LUXEMBOURG | NY REGISTRY SH | 03938L203 | 810,390 | 0.05 | 15371.0 | |
| AA | REDUCED | ALCOA CORP | COM | 013872106 | 787,314 | 0.05 | 15100.0 |
| CCJ | UNCHANGED | CAMECO CORP | COM | 13321L108 | 688,268 | 0.04 | 6757.0 |
| PKX | REDUCED | POSCO HOLDINGS INC | SPONSORED ADR | 693483109 | 638,242 | 0.04 | 12422.0 |
| WY | REDUCED | WEYERHAEUSER CO | COM NEW | 962166104 | 601,708 | 0.04 | 25134.0 |
| - | EOG RES INC | COM | 26875P101 | 601,558 | 0.04 | 4637.0 | |
| BP | NEW | BP PLC | SPONSORED ADR | 055622104 | 594,182 | 0.04 | 126792.0 |
| - | VALERO ENERGY CORP | COM | 91913Y100 | 586,250 | 0.04 | 2251.0 | |
| - | MARTIN MARIETTA MATLS INC | COM | 573284106 | 581,314 | 0.04 | 1008.0 | |
| ADM | REDUCED | ARCHER DANIELS MIDLAND CO | COM | 039483102 | 564,749 | 0.04 | 7392.0 |
| KNTK | REDUCED | KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 | 481,950 | 0.03 | 9970.0 |
| VST | UNCHANGED | VISTRA CORP | COM | 92840M102 | 447,654 | 0.03 | 2822.0 |
| ALB | REDUCED | ALBEMARLE CORP | COM | 012653101 | 342,571 | 0.02 | 2537.0 |
| CEG | UNCHANGED | CONSTELLATION ENERGY CORP | COM | 21037T109 | 325,613 | 0.02 | 1311.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 1,610,959,816 | 71 | 7.868302 | 0.21106 | 18.535633 |
| 2026-03-31 | 2026-05-15 | 1,661,361,464 | 67 | 8.783575 | 0.232754 | 20.976375 |
| 2025-12-31 | 2026-02-13 | 1,352,408,869 | 71 | 9.56199 | 0.275842 | 23.250976 |
| 2025-09-30 | 2025-11-13 | 1,304,218,875 | 64 | 7.991948 | 0.203515 | 18.32294 |
| 2025-03-31 | 2025-05-15 | 1,180,420,948 | 65 | 7.562865 | 0.189548 | 18.9723 |
| 2024-12-31 | 2025-02-14 | 1,089,472,660 | 65 | 7.731978 | 0.194732 | 19.734633 |