Adams Asset Advisors, LLC

CIK

1386929

Location

DALLAS, TX

Portfolio Value

Small $793,103,249

Diversification

Diversified

Filing Date

Global Rank

#1,743 / 8,232 ▲ 230

Top Industry

Oil & Gas E&P 16.9%

3Y Alpha vs SPY

-5.2%

Period ended 2 months ago

Filed Apr 27, 2026 · 47d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+54.5%

SPY

+76.5%

Annualised alpha

-5.2%

Max drawdown

−24.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

77 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

14.5%

−3.9 pts

Top 5

39.5%

−3.0 pts

Top 10

51.7%

−3.1 pts

HHI

537

Diversified−119

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	42.8%	$339,799,291	24
Basic Materials	17.2%	$136,497,764	2
Financial Services	10.9%	$86,284,202	17
Consumer Defensive	8.8%	$69,457,175	8
Technology	5.7%	$45,330,985	5
Healthcare	5.5%	$43,955,857	5
Communication Services	3.8%	$30,156,013	4
Real Estate	2.8%	$21,949,866	9
Industrials	2.4%	$19,195,116	2
Unclassified	0.1%	$476,980	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
OWL	Blue Owl Capital Inc.	+90,263	119,496	$1,090,998
DMLP	Dorchester Minerals, L.P.	+73,412	888,264	$24,071,954
GSBD	Goldman Sachs BDC, Inc.	+34,364	374,609	$3,326,527
EPD	Enterprise Products Partners L.P.	+34,100	398,768	$15,089,381
STWD	Starwood Property Trust, Inc.	+30,647	95,177	$1,638,947
AHRT	AH Realty Trust, Inc.	+30,000	439,923	$2,419,576
HRL	Hormel Foods Corp /De/	+26,608	281,883	$6,384,649
BRK-B	Berkshire Hathaway Inc	+26,108	32,945	$15,787,244
ET	Energy Transfer LP	+19,138	1,441,757	$27,825,910
HPQ	Hp Inc	+15,742	251,744	$4,836,002
PG	PROCTER & GAMBLE Co	+15,561	21,044	$3,039,595
NNN	Nnn REIT, Inc.	+14,690	62,214	$2,614,854
OBDC	Blue Owl Capital Corp	+11,617	169,701	$1,876,893
CAG	Conagra Brands Inc.	+10,018	155,397	$2,442,840
WPC	W. P. Carey Inc.	+9,070	82,388	$5,599,088
HESM	Hess Midstream LP	+8,678	20,550	$798,778
O	Realty Income Corp	+8,179	52,465	$3,209,808
MPLX	Mplx LP	+6,507	216,096	$12,332,598
VZ	Verizon Communications Inc	+3,904	293,729	$14,745,195
UPS	United Parcel Service Inc	+3,877	39,924	$3,927,723
GBDC	GOLUB CAPITAL BDC, Inc.	+3,689	150,523	$1,905,621
KMB	Kimberly Clark Corp	+3,496	83,167	$8,023,120
MSFT	Microsoft Corp	+3,400	17,324	$6,412,825
NCDL	Nuveen Churchill Direct Lending Corp.	+3,326	91,021	$1,157,787
MSDL	Morgan Stanley Direct Lending Fund	+3,035	114,432	$1,597,470
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
CLMT	Calumet, Inc. /DE	−1,954,039	3,202,232	$114,960,128
OXY	Occidental Petroleum Corp /De/	−1,600,000	1,682,753	$109,378,945
SUN	Sunoco LP	−5,725	565,822	$36,761,455
PAA	Plains All American Pipeline LP	−4,730	823,061	$18,378,952
BAC	Bank Of America Corp /De/	−4,499	243,543	$11,872,721
NEM	NEWMONT Corp /DE/	−3,607	198,962	$21,537,636
T	At&T Inc.	−2,496	431,239	$12,501,618
VLO	Valero Energy Corp/Tx	−1,237	64,384	$15,907,998
C	Citigroup Inc	−1,069	149,307	$16,932,906
CMI	Cummins Inc	−882	28,377	$15,267,393
CVX	Chevron Corp	−80	68,462	$14,164,787
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
MKL	Markel Group Inc.	1,050	$2,009,773
META	Meta Platforms, Inc.	1,938	$1,108,787
KRP	Kimbell Royalty Partners, LP	55,780	$807,136
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

77 positions · $793,103,249 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 77 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CLMT	Calumet, Inc. /DE Basic Materials	Reduced	3,202,232	-1,954,039	$114,960,128	+12.2%	14.49%
OXY	Occidental Petroleum Corp /De/ Energy	Reduced	1,682,753	-1,600,000	$109,378,945	−19.0%	13.79%
SUN	Sunoco LP Energy	Reduced	565,822	-5,725	$36,761,455	+22.7%	4.64%
ET	Energy Transfer LP Energy	Added	1,441,757	+19,138	$27,825,910	+18.6%	3.51%
DMLP	Dorchester Minerals, L.P. Energy	Added	888,264	+73,412	$24,071,954	+32.1%	3.04%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	198,962	-3,607	$21,537,636	+6.5%	2.72%
BTI	British American Tobacco p.l.c. Consumer Defensive	Held	343,016	0	$20,056,145	+3.3%	2.53%
AAPL	Apple Inc. Technology	Held	78,074	0	$19,814,400	−6.6%	2.50%
PAA	Plains All American Pipeline LP Energy	Reduced	823,061	-4,730	$18,378,952	+23.6%	2.32%
C	Citigroup Inc Financial Services	Reduced	149,307	-1,069	$16,932,906	−3.5%	2.14%
VLO	Valero Energy Corp/Tx Energy	Reduced	64,384	-1,237	$15,907,998	+48.9%	2.01%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	32,945	+26,108	$15,787,244	+359.4%	1.99%
MO	Altria Group, Inc. Consumer Defensive	Held	235,728	0	$15,555,690	+14.4%	1.96%
CMI	Cummins Inc Industrials	Reduced	28,377	-882	$15,267,393	+2.2%	1.93%
DINO	HF Sinclair Corp Energy	Held	243,842	0	$15,213,302	+35.4%	1.92%
EPD	Enterprise Products Partners L.P. Energy	Added	398,768	+34,100	$15,089,381	+29.1%	1.90%
VZ	Verizon Communications Inc Communication Services	Added	293,729	+3,904	$14,745,195	+24.9%	1.86%
CVX	Chevron Corp Energy	Reduced	68,462	-80	$14,164,787	+35.6%	1.79%
WES	Western Midstream Partners, LP Energy	Held	342,105	0	$14,084,462	+4.2%	1.78%
ABBV	AbbVie Inc. Healthcare	Held	62,912	0	$13,682,730	−4.8%	1.73%
WFC	Wells Fargo & Company/Mn Financial Services	Held	159,768	0	$12,719,130	−14.6%	1.60%
AMGN	Amgen Inc Healthcare	Held	35,899	0	$12,631,063	+7.5%	1.59%
T	At&T Inc. Communication Services	Reduced	431,239	-2,496	$12,501,618	+16.0%	1.58%
MPLX	Mplx LP Energy	Added	216,096	+6,507	$12,332,598	+10.3%	1.55%
CSCO	Cisco Systems, Inc. Technology	Held	157,148	0	$12,193,113	+0.7%	1.54%
GS	Goldman Sachs Group Inc Financial Services	Added	14,142	+1,000	$11,963,990	+3.6%	1.51%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	243,543	-4,499	$11,872,721	−13.0%	1.50%
PFE	Pfizer Inc Healthcare	Added	341,545	+384	$9,590,583	+12.9%	1.21%
KMB	Kimberly Clark Corp Consumer Defensive	Added	83,167	+3,496	$8,023,120	−0.2%	1.01%
UVV	Universal Corp /Va/ Consumer Defensive	Held	142,083	0	$7,487,774	−0.1%	0.94%
BMY	Bristol Myers Squibb Co Healthcare	Held	123,294	0	$7,477,781	+12.4%	0.94%
ARLP	Alliance Resource Partners LP Energy	Held	255,397	0	$7,061,727	+19.0%	0.89%
PEP	Pepsico Inc Consumer Defensive	Added	41,647	+2,236	$6,467,362	+14.3%	0.82%
MSFT	Microsoft Corp Technology	Added	17,324	+3,400	$6,412,825	−4.8%	0.81%
HRL	Hormel Foods Corp /De/ Consumer Defensive	Added	281,883	+26,608	$6,384,649	+5.5%	0.81%
WTTR	Select Water Solutions, Inc. Energy	Held	409,161	0	$6,260,163	+45.4%	0.79%
WPC	W. P. Carey Inc. Real Estate	Added	82,388	+9,070	$5,599,088	+18.7%	0.71%
HPQ	Hp Inc Technology	Added	251,744	+15,742	$4,836,002	−8.0%	0.61%
KMI	Kinder Morgan, Inc. Energy	Held	136,684	0	$4,583,014	+22.0%	0.58%
UPS	United Parcel Service Inc Industrials	Added	39,924	+3,877	$3,927,723	+9.9%	0.50%
DKL	Delek Logistics Partners, LP Energy	Held	70,288	0	$3,497,530	+11.5%	0.44%
GSBD	Goldman Sachs BDC, Inc. Financial Services	Added	374,609	+34,364	$3,326,527	+5.4%	0.42%
BTU	Peabody Energy Corp Energy	Held	100,000	0	$3,295,000	+10.9%	0.42%
O	Realty Income Corp Real Estate	Added	52,465	+8,179	$3,209,808	+28.6%	0.40%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	21,044	+15,561	$3,039,595	+286.8%	0.38%
SUI	Sun Communities Inc Real Estate	Held	22,270	0	$2,805,129	+1.7%	0.35%
NNN	Nnn REIT, Inc. Real Estate	Added	62,214	+14,690	$2,614,854	+38.8%	0.33%
WMB	Williams Companies, Inc. Energy	Held	34,884	0	$2,538,857	+21.1%	0.32%
ENB	Enbridge Inc Energy	Held	46,445	0	$2,514,532	+13.2%	0.32%
CAG	Conagra Brands Inc. Consumer Defensive	Added	155,397	+10,018	$2,442,840	−2.9%	0.31%