Recurrent Investment Advisors
HOUSTON, TXfiles as Recurrent Investment Advisors LLC
$1.6bn in 71 US stocks at the end of 30 June 2026. The top 10 are 57.0% of the money. It changed about 10.6% of the portfolio this quarter.
Value
$1.6bn
Stocks
71
Top 10 share
57.0%
Turnover
10.6%
What changed this quarter
New
Bought for the first time this quarter.
- Mplx LPMPLX1.9% of the fund
- Venture GlobalVG1.4% of the fund
- Kinross GoldKGC0.2% of the fund
- BPBP<0.1% of the fund
Added
Bought more of a stock they already held.
- Energy Transfer L PET7.0% of the fund+7%
- Kinder MorganKMI5.1% of the fund+6%
- Sunoco Lp/sunoco FINSUN4.8% of the fund+12%
- Enterprise Products Partners L.P.EPD4.6% of the fund+21%
- EnbridgeENB3.0% of the fund+90%
- DOWDOW0.6% of the fund+9%
- WestlakeWLK0.6% of the fund+14%
- Eastman ChemicalEMN0.6% of the fund+56%
- HuntsmanHUN0.5% of the fund+48%
- LyondellBasell IndustriesLYB0.5% of the fund+15%
- SunococorpSUNC0.1% of the fund+70%
- CRH PublicCRH<0.1% of the fund+44%
- Expand EnergyEXE<0.1% of the fund+61%
Cut
Sold some of their stake.
- Cenovus EnergyCVE7.6% of the fund-18%
- Phillips 66PSX4.2% of the fund-3%
- Suncor EnergySU3.9% of the fund-24%
- Plains GP Holdings LPPAGP2.7% of the fund-16%
- PBF EnergyPBF2.1% of the fund-27%
- Marathon PetroleumMPC1.4% of the fund-53%
- Viper EnergyVNOM1.2% of the fund-53%
- Posco HoldingsPKX<0.1% of the fund-50%
- Kinetik HoldingsKNTK<0.1% of the fund-15%
- AlbemarleALB<0.1% of the fund-60%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Cenovus EnergyCVE
- Share
- 7.6%
- Value
- $123m
- Shares
- 4,739,325
-18%
- Energy Transfer L PET
- Share
- 7.0%
- Value
- $113m
- Shares
- 5,935,394
+7%
- Sunoco Lp/sunoco FINSUN
- Share
- 4.8%
- Value
- $78m
- Shares
- 1,149,434
+12%
- Pembina PipelinePBA
- Share
- 4.3%
- Value
- $70m
- Shares
- 1,498,252
Held
- Suncor EnergySU
- Share
- 3.9%
- Value
- $63m
- Shares
- 1,145,921
-24%
- Western Midstream Partners LWES
- Share
- 3.1%
- Value
- $50m
- Shares
- 1,133,291
Held
- South BowSOBO
- Share
- 2.5%
- Value
- $41m
- Shares
- 1,158,738
Held
- Mplx LPMPLX
- Share
- 1.9%
- Value
- $31m
- Shares
- 544,714
New
- Barrick MiningB
- Share
- 0.6%
- Value
- $10m
- Shares
- 234,844
Held
- NutrienNTR
- Share
- 0.3%
- Value
- $5m
- Shares
- 52,357
Held
- Kinross GoldKGC
- Share
- 0.2%
- Value
- $4m
- Shares
- 147,739
New
- Teck ResourcesTECK
- Share
- 0.2%
- Value
- $3m
- Shares
- 40,394
Held
- Vale S AVALE
- Share
- 0.2%
- Value
- $3m
- Shares
- 196,192
Held
- Canadian Natural ResourcesCNQ
- Share
- 0.1%
- Value
- $2m
- Shares
- 59,242
Held
- BHP Billiton LimitedBHP
- Share
- 0.1%
- Value
- $2m
- Shares
- 27,262
Held
- SunococorpSUNC
- Share
- 0.1%
- Value
- $2m
- Shares
- 26,080
+70%
- ShellSHEL
- Share
- 0.1%
- Value
- $2m
- Shares
- 56,587
Held
- TC EnergyTRP
- Share
- <0.1%
- Value
- $958,222
- Shares
- 14,455
Held
- CamecoCCJ
- Share
- <0.1%
- Value
- $688,268
- Shares
- 6,757
Held
- Posco HoldingsPKX
- Share
- <0.1%
- Value
- $638,242
- Shares
- 12,422
-50%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Targa ResourcesTRGP | 7.8% | $126m | 470,637 | Held |
| Cenovus EnergyCVE | 7.6% | $123m | 4,739,325 | -18% |
| Energy Transfer L PET | 7.0% | $113m | 5,935,394 | +7% |
| OneokOKE | 6.3% | $101m | 1,159,957 | Held |
| Kinder MorganKMI | 5.1% | $82m | 2,578,529 | +6% |
| Murphy USAMUSA | 4.9% | $79m | 146,263 | Held |
| Sunoco Lp/sunoco FINSUN | 4.8% | $78m | 1,149,434 | +12% |
| Enterprise Products Partners L.P.EPD | 4.6% | $75m | 2,031,416 | +21% |
| Cheniere EnergyLNG | 4.5% | $72m | 301,353 | Held |
| Pembina PipelinePBA | 4.3% | $70m | 1,498,252 | Held |
| Phillips 66PSX | 4.2% | $68m | 403,016 | -3% |
| Suncor EnergySU | 3.9% | $63m | 1,145,921 | -24% |
| Williams CompaniesWMB | 3.5% | $57m | 762,867 | Held |
| DT MidstreamDTM | 3.2% | $52m | 355,154 | Held |
| Western Midstream Partners LWES | 3.1% | $50m | 1,133,291 | Held |
| EnbridgeENB | 3.0% | $48m | 882,892 | +90% |
| Plains GP Holdings LPPAGP | 2.7% | $44m | 1,791,325 | -16% |
| South BowSOBO | 2.5% | $41m | 1,158,738 | Held |
| PBF EnergyPBF | 2.1% | $33m | 729,534 | -27% |
| Mplx LPMPLX | 1.9% | $31m | 544,714 | New |
| Venture GlobalVG | 1.4% | $23m | 2,025,792 | New |
| Marathon PetroleumMPC | 1.4% | $22m | 85,799 | -53% |
| Viper EnergyVNOM | 1.2% | $20m | 468,061 | -53% |
| Barrick MiningB | 0.6% | $10m | 234,844 | Held |
| DOWDOW | 0.6% | $10m | 365,815 | +9% |
| WestlakeWLK | 0.6% | $9m | 128,771 | +14% |
| Eastman ChemicalEMN | 0.6% | $9m | 135,851 | +56% |
| NewmontNEM | 0.6% | $9m | 97,245 | Held |
| HuntsmanHUN | 0.5% | $8m | 792,476 | +48% |
| ExxonMobil HoldingsXOM | 0.5% | $8m | 58,314 | Held |
| LyondellBasell IndustriesLYB | 0.5% | $8m | 144,709 | +15% |
| ChevronCVX | 0.4% | $7m | 43,165 | Held |
| NutrienNTR | 0.3% | $5m | 52,357 | Held |
| Kinross GoldKGC | 0.2% | $4m | 147,739 | New |
| Matador ResourcesMTDR | 0.2% | $4m | 77,047 | Held |
| NucorNUE | 0.2% | $4m | 16,621 | Held |
| ConocoPhillipsCOP | 0.2% | $4m | 33,972 | Held |
| Freeport-McMoRanFCX | 0.2% | $3m | 52,486 | Held |
| Teck ResourcesTECK | 0.2% | $3m | 40,394 | Held |
| Vale S AVALE | 0.2% | $3m | 196,192 | Held |
| Rio TintoRIO | 0.2% | $3m | 27,245 | Held |
| HalliburtonHAL | 0.2% | $3m | 73,663 | Held |
| Canadian Natural ResourcesCNQ | 0.1% | $2m | 59,242 | Held |
| BHP Billiton LimitedBHP | 0.1% | $2m | 27,262 | Held |
| Diamondback EnergyFANG | 0.1% | $2m | 11,756 | Held |
| SunococorpSUNC | 0.1% | $2m | 26,080 | +70% |
| ShellSHEL | 0.1% | $2m | 56,587 | Held |
| Darling IngredientsDAR | <0.1% | $1m | 27,265 | Held |
| CRH PublicCRH | <0.1% | $1m | 13,549 | +44% |
| Expand EnergyEXE | <0.1% | $1m | 15,646 | +61% |
| Smurfit WestrockSW | <0.1% | $1m | 26,095 | Held |
| MosaicMOS | <0.1% | $1m | 54,542 | Held |
| International PaperIP | <0.1% | $1m | 28,324 | Held |
| TotalEnergies SETTE | <0.1% | $1m | 15,824 | Held |
| Crown HoldingsCCK | <0.1% | $1m | 9,406 | Held |
| TC EnergyTRP | <0.1% | $958,222 | 14,455 | Held |
| CF Industries HoldingsCF | <0.1% | $883,726 | 8,163 | Held |
| ArcelorMittalMT | <0.1% | $810,390 | 15,371 | Held |
| AlcoaAA | <0.1% | $787,314 | 15,100 | Held |
| CamecoCCJ | <0.1% | $688,268 | 6,757 | Held |
| Posco HoldingsPKX | <0.1% | $638,242 | 12,422 | -50% |
| WeyerhaeuserWY | <0.1% | $601,708 | 25,134 | Held |
| EOG ResourcesEOG | <0.1% | $601,558 | 4,637 | Held |
| BPBP | <0.1% | $594,182 | 126,792 | New |
| Valero EnergyVLO | <0.1% | $586,250 | 2,251 | Held |
| Martin Marietta MaterialsMLM | <0.1% | $581,314 | 1,008 | Held |
| Archer-Daniels-MidlandADM | <0.1% | $564,749 | 7,392 | Held |
| Kinetik HoldingsKNTK | <0.1% | $481,950 | 9,970 | -15% |
| VistraVST | <0.1% | $447,654 | 2,822 | Held |
| AlbemarleALB | <0.1% | $342,571 | 2,537 | -60% |
| Constellation EnergyCEG | <0.1% | $325,613 | 1,311 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 30.3% since 30 June 2025.
Where the money is
Energy65.5%
Utilities6.2%
Materials5.9%
Retail & consumer4.9%
Everyday goods0.1%
Real estate0.0%
Other17.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.