Recurrent Investment Advisors LLC

HOUSTON, TX · CIK 1803146 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2017 · limited liability company

Assets managed$1.4bn
Staff6 · 6 in investment roles
Main clients (by assets)Mutual funds and ETFs 85%, Private funds 8%, High net worth individuals 1%
Websiterecurrentfunds.com
Form ADV · 2026-08-13SEC adviser record

Legal entityRecurrent Investment Advisors LLC (US)

Kindmutual funds
Others nearbyHouston, TX

$1.6bn reported value -3.0% vs Q1 2026

71positions

57.0%in top 10

4 new 27 added 22 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	TARGA RES CORP COM TRGP	TRGP	470,637	$126.2m7.83%	7.83%	Reduced -1.2k	-1,164 -0.2%
2	CENOVUS ENERGY INC COM CVE	CVE	4,739,325	$122.6m7.61%	7.61%	Reduced -1.1m	-1,060,316 -18.3%
3	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	5,935,394	$113.5m7.04%	7.04%	Added +373.0k	+373,013 6.7%
4	ONEOK INC NEW COM OKE	OKE	1,159,957	$100.8m6.26%	6.26%	Added +3.9k	+3,923 0.3%
5	KINDER MORGAN INC DEL COM KMI	KMI	2,578,529	$82.4m5.12%	5.12%	Added +148.1k	+148,085 6.1%
6	MURPHY USA INC COM MUSA	MUSA	146,263	$78.6m4.88%	4.88%	Added +144	+144 0.1%
7	SUNOCO LP/SUNOCO FIN CORP COM UT REP LP SUN	SUN	1,149,434	$77.6m4.82%	4.82%	Added +121.6k	+121,557 11.8%
8	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	2,031,416	$74.7m4.64%	4.64%	Added +355.9k	+355,933 21.2%
9	CHENIERE ENERGY INC COM NEW LNG	LNG	301,353	$72.0m4.47%	4.47%	Added +1.3k	+1,279 0.4%
10	PEMBINA PIPELINE CORP COM PBA	PBA	1,498,252	$69.6m4.32%	4.32%	Added +4.0k	+4,002 0.3%
11	PHILLIPS 66 COM PSX	PSX	403,016	$68.1m4.23%	4.23%	Reduced -11.0k	-11,048 -2.7%
12	SUNCOR ENERGY INC NEW COM SU	SU	1,145,921	$62.7m3.89%	3.89%	Reduced -369.2k	-369,240 -24.4%
13	WILLIAMS COS INC COM WMB	WMB	762,867	$56.7m3.52%	3.52%	Unchanged
14	DT MIDSTREAM INC COMMON STOCK DTM	DTM	355,154	$52.1m3.24%	3.24%	Reduced -2	-2 0.0%
15	WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT WES	WES	1,133,291	$49.6m3.08%	3.08%	Reduced -1.5k	-1,467 -0.1%
16	ENBRIDGE INC COM ENB	ENB	882,892	$47.9m2.97%	2.97%	Added +417.3k	+417,273 89.6%
17	PLAINS GP HLDGS L P LTD PARTNR INT A PAGP	PAGP	1,791,325	$43.6m2.71%	2.71%	Reduced -333.6k	-333,622 -15.7%
18	SOUTH BOW CORP COM SOBO	SOBO	1,158,738	$40.8m2.53%	2.53%	Reduced -2.3k	-2,278 -0.2%
19	PBF ENERGY INC CL A PBF	PBF	729,534	$33.2m2.06%	2.06%	Reduced -273.4k	-273,381 -27.3%
20	MPLX LP COM UNIT REP LTD MPLX	MPLX	544,714	$30.7m1.90%	1.90%	New
21	VENTURE GLOBAL INC COM CL A VG	VG	2,025,792	$22.5m1.40%	1.40%	New
22	MARATHON PETE CORP COM MPC	MPC	85,799	$21.9m1.36%	1.36%	Reduced -95.2k	-95,159 -52.6%
23	VIPER ENERGY INC CL A VNOM	VNOM	468,061	$19.8m1.23%	1.23%	Reduced -521.3k	-521,257 -52.7%
24	BARRICK MNG CORP COM SHS B	B	234,844	$10.3m0.64%	0.64%	Added +83	+83 0.0%
25	DOW INC COM DOW	DOW	365,815	$10.0m0.62%	0.62%	Added +30.6k	+30,606 9.1%
26	WESTLAKE CORPORATION COM WLK	WLK	128,771	$9.4m0.58%	0.58%	Added +16.0k	+15,981 14.2%
27	EASTMAN CHEM CO COM EMN	EMN	135,851	$9.1m0.56%	0.56%	Added +48.7k	+48,715 55.9%
28	NEWMONT CORP COM NEM	NEM	97,245	$9.1m0.56%	0.56%	Unchanged
29	HUNTSMAN CORP COM HUN	HUN	792,476	$8.4m0.52%	0.52%	Added +256.6k	+256,562 47.9%
30	EXXON MOBIL CORP COM XOM	XOM	58,314	$8.0m0.49%	0.49%	Added +14	+14 0.0%
31	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	144,709	$7.6m0.47%	0.47%	Added +19.2k	+19,221 15.3%
32	CHEVRON CORP NEW COM CVX	CVX	43,165	$7.2m0.44%	0.44%	Added +2	+2 0.0%
33	NUTRIEN LTD COM NTR	NTR	52,357	$4.7m0.29%	0.29%	Reduced -3	-3 -0.0%
34	KINROSS GOLD CORP COM KGC	KGC	147,739	$3.9m0.24%	0.24%	New
35	MATADOR RES CO COM MTDR	MTDR	77,047	$3.8m0.24%	0.24%	Added +51	+51 0.1%
36	NUCOR CORP COM NUE	NUE	16,621	$3.7m0.23%	0.23%	Added +6	+6 0.0%
37	CONOCOPHILLIPS COM COP	COP	33,972	$3.5m0.22%	0.22%	Unchanged
38	FREEPORT-MCMORAN INC CL B FCX	FCX	52,486	$3.3m0.20%	0.20%	Reduced -31	-31 -0.1%
39	TECK RESOURCES LTD CL B TECK	TECK	40,394	$3.0m0.19%	0.19%	Unchanged
40	VALE S A SPONSORED ADS VALE	VALE	196,192	$3.0m0.18%	0.18%	Added +62	+62 0.0%
41	RIO TINTO PLC SPONSORED ADR RIO	RIO	27,245	$2.6m0.16%	0.16%	Reduced -2	-2 -0.0%
42	HALLIBURTON CO COM HAL	HAL	73,663	$2.5m0.16%	0.16%	Added +15	+15 0.0%
43	CANADIAN NAT RES LTD COM CNQ	CNQ	59,242	$2.3m0.15%	0.15%	Unchanged
44	BHP GROUP LTD SPONSORED ADS BHP	BHP	27,262	$2.3m0.14%	0.14%	Reduced -9	-9 -0.0%
45	DIAMONDBACK ENERGY INC COM FANG	FANG	11,756	$2.1m0.13%	0.13%	Unchanged
46	SUNOCOCORP LLC COM SHS LLC SUNC	SUNC	26,080	$1.8m0.11%	0.11%	Added +10.7k	+10,700 69.6%
47	SHELL PLC SPON ADS SHEL	SHEL	56,587	$1.7m0.10%	0.10%	Added +446	+446 0.8%
48	DARLING INGREDIENTS INC COM DAR	DAR	27,265	$1.5m0.09%	0.09%	Unchanged
49	CRH PLC ORD CRH	CRH	13,549	$1.4m0.09%	0.09%	Added +4.1k	+4,147 44.1%
50	EXPAND ENERGY CORPORATION COM EXE	EXE	15,646	$1.4m0.09%	0.09%	Added +6.0k	+5,957 61.5%
51	SMURFIT WESTROCK PLC SHS SW	SW	26,095	$1.2m0.07%	0.07%	Unchanged
52	MOSAIC CO NEW COM MOS	MOS	54,542	$1.2m0.07%	0.07%	Added +95	+95 0.2%
53	INTERNATIONAL PAPER CO COM IP	IP	28,324	$1.1m0.07%	0.07%	Added +58	+58 0.2%
54	TOTALENERGIES SE ACT TTE	TTE	15,824	$1.1m0.07%	0.07%	Unchanged
55	CROWN HLDGS INC COM CCK	CCK	9,406	$1.1m0.07%	0.07%	Unchanged
56	TC ENERGY CORP COM TRP	TRP	14,455	$958.2k0.06%	0.06%	Unchanged
57	CF INDS HLDGS INC COM CF	CF	8,163	$883.7k0.05%	0.05%	Unchanged
58	ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH MT	MT	15,371	$810.4k0.05%	0.05%	Reduced -32	-32 -0.2%
59	ALCOA CORP COM AA	AA	15,100	$787.3k0.05%	0.05%	Reduced -30	-30 -0.2%
60	CAMECO CORP COM CCJ	CCJ	6,757	$688.3k0.04%	0.04%	Unchanged
61	POSCO HOLDINGS INC SPONSORED ADR PKX	PKX	12,422	$638.2k0.04%	0.04%	Reduced -12.5k	-12,538 -50.2%
62	WEYERHAEUSER CO MTN BE COM NEW WY	WY	25,134	$601.7k0.04%	0.04%	Reduced -10	-10 -0.0%
63	EOG RES INC COM EOG	EOG	4,637	$601.6k0.04%	0.04%	Unchanged
64	BP PLC SPONSORED ADR BP	BP	126,792	$594.2k0.04%	0.04%	New
65	VALERO ENERGY CORP COM VLO	VLO	2,251	$586.2k0.04%	0.04%	Unchanged
66	MARTIN MARIETTA MATLS INC COM MLM	MLM	1,008	$581.3k0.04%	0.04%	Unchanged
67	ARCHER DANIELS MIDLAND CO COM ADM	ADM	7,392	$564.7k0.04%	0.04%	Reduced -4	-4 -0.1%
68	KINETIK HOLDINGS INC COM NEW CL A KNTK	KNTK	9,970	$481.9k0.03%	0.03%	Reduced -1.7k	-1,730 -14.8%
69	VISTRA CORP COM VST	VST	2,822	$447.7k0.03%	0.03%	Unchanged
70	ALBEMARLE CORP COM ALB	ALB	2,537	$342.6k0.02%	0.02%	Reduced -3.7k	-3,746 -59.6%
71	CONSTELLATION ENERGY CORP COM CEG	CEG	1,311	$325.6k0.02%	0.02%	Unchanged