SL ADVISORS, LLC

NAPLES, FL · CIK 1680365 · 13F filing filed 2026-07-10

SEC-registered investment adviser since 2014 · limited liability company

Assets managed$393.3m
Staff4 · 3 in investment roles
Main clients (by assets)Mutual funds and ETFs 83%, High net worth individuals 16%
Websiteamericanenergyindices.com
Form ADV · 2026-02-13SEC adviser record

Kindmutual funds
Others nearbyNaples, FL

$57.2m reported value -3.2% vs Q1 2026

32positions

74.4%in top 10

0 new 3 added 24 reduced 0 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	473,898	$9.1m15.85%	15.85%	Added +48.9k	+48,920 11.5%
2	NEXTDECADE CORP COM NEXT	NEXT	825,378	$6.2m10.89%	10.89%	Reduced -161.6k	-161,614 -16.4%
3	WILLIAMS COS INC COM WMB	WMB	64,189	$4.8m8.35%	8.35%	Reduced -1.5k	-1,533 -2.3%
4	TARGA RES CORP COM TRGP	TRGP	17,346	$4.7m8.14%	8.14%	Reduced -92	-92 -0.5%
5	PACER FDS TR AMERCN ENRGY IND USAI	USAI	95,782	$4.4m7.62%	7.62%	Reduced -113	-113 -0.1%
6	CHENIERE ENERGY INC COM NEW LNG	LNG	17,425	$4.2m7.29%	7.29%	Reduced -81	-81 -0.5%
7	ONEOK INC NEW COM OKE	OKE	38,114	$3.3m5.80%	5.80%	Reduced -881	-881 -2.3%
8	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	71,351	$2.6m4.59%	4.59%	Reduced -394	-394 -0.6%
9	KINETIK HOLDINGS INC COM NEW CL A KNTK	KNTK	34,972	$1.7m2.96%	2.96%	Reduced -225	-225 -0.6%
10	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	3,298	$1.7m2.89%	2.89%	Reduced -290	-290 -8.1%
11	TC ENERGY CORP COM TRP	TRP	24,562	$1.6m2.85%	2.85%	Reduced -173	-173 -0.7%
12	ENBRIDGE INC COM ENB	ENB	27,898	$1.5m2.65%	2.65%	Reduced -168	-168 -0.6%
13	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,947	$1.5m2.54%	2.54%	Reduced -200	-200 -9.3%
14	KINDER MORGAN INC DEL COM KMI	KMI	34,805	$1.1m1.95%	1.95%	Reduced -49	-49 -0.1%
15	WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT WES	WES	23,466	$1.0m1.80%	1.80%	Reduced -136	-136 -0.6%
16	MPLX LP COM UNIT REP LTD MPLX	MPLX	17,116	$964.1k1.69%	1.69%	Reduced -113	-113 -0.7%
17	PEMBINA PIPELINE CORP COM PBA	PBA	20,161	$932.4k1.63%	1.63%	Reduced -133	-133 -0.7%
18	RTX CORPORATION COM RTX	RTX	4,016	$762.0k1.33%	1.33%	Reduced -331	-331 -7.6%
19	SOUTH BOW CORP COM SOBO	SOBO	21,224	$747.9k1.31%	1.31%	Reduced -94	-94 -0.4%
20	REPUBLIC SVCS INC COM RSG	RSG	2,922	$622.6k1.09%	1.09%	Reduced -970	-970 -24.9%
21	WASTE MGMT INC DEL COM WM	WM	2,435	$542.7k0.95%	0.95%	Reduced -362	-362 -12.9%
22	LOCKHEED MARTIN CORP COM LMT	LMT	811	$413.2k0.72%	0.72%	Added +87	+87 12.0%
23	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	4,862	$403.9k0.71%	0.71%	Added +2	+2 0.0%
24	PLAINS GP HLDGS L P LTD PARTNR INT A PAGP	PAGP	15,450	$375.0k0.66%	0.66%	Reduced -115	-115 -0.7%
25	ECOLAB INC COM ECL	ECL	1,269	$353.6k0.62%	0.62%	Unchanged
26	MCDONALDS CORP COM MCD	MCD	1,165	$314.9k0.55%	0.55%	Reduced -208	-208 -15.2%
27	JOHNSON & JOHNSON COM JNJ	JNJ	1,074	$272.8k0.48%	0.48%	Unchanged
28	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	1,186	$265.6k0.46%	0.46%	Reduced -96	-96 -7.5%
29	COCA COLA CO COM KO	KO	3,209	$260.8k0.46%	0.46%	Reduced -320	-320 -9.1%
30	MERCK & CO INC COM MRK	MRK	1,992	$256.0k0.45%	0.45%	Unchanged
31	PROCTER AND GAMBLE CO COM PG	PG	1,509	$221.3k0.39%	0.39%	Unchanged
32	HERSHEY CO COM HSY	HSY	1,204	$211.2k0.37%	0.37%	Unchanged