Recurrent Investment Advisors LLC

CIK

1803146

Location

HOUSTON, TX

Portfolio Value

Mid $1,643,708,294

Diversification

Diversified

Filing Date

Global Rank

#1,336 / 8,603 ▲ 230 · as of Mar 2026

Top Industry

Oil & Gas Midstream 57.3%

3Y Alpha vs SPY

+6.9%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

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

Cloned portfolio

+112.6%

SPY

+76.5%

Annualised alpha

+7.7%

Max drawdown

−18.8%

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

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

Top Position

9.4%

+1.1 pts

Top 5

35.5%

+0.4 pts

Top 10

58.7%

+2.5 pts

HHI

472

Diversified+19

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	89.2%	$1,465,770,477	35
Basic Materials	6.0%	$99,138,934	22
Consumer Cyclical	4.6%	$75,170,334	4
Consumer Defensive	0.1%	$2,223,955	2
Utilities	0.0%	$790,327	2
Real Estate	0.0%	$614,267	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
KMI	Kinder Morgan, Inc.	+944,971	2,430,444	$81,492,787
SUN	Sunoco LP	+349,254	1,027,877	$66,781,168
HUN	Huntsman CORP	+289,638	535,914	$7,133,015
VNOM	Viper Energy, Inc.	+266,703	989,318	$46,488,052
ET	Energy Transfer LP	+211,026	5,562,381	$107,353,953
DOW	Dow Inc.	+119,293	335,209	$13,961,454
LYB	LyondellBasell Industries N.V.	+65,869	125,488	$10,109,313
EMN	Eastman Chemical Co	+47,305	87,136	$6,650,219
WLK	Westlake Corp	+37,157	112,790	$13,176,127
LNG	Cheniere Energy, Inc.	+35,600	300,074	$85,148,998
MUSA	Murphy USA Inc.	+27,513	146,119	$72,178,402
IP	International Paper Co /New/	+14,276	28,266	$1,009,096
SW	Smurfit Westrock plc	+13,874	26,095	$1,039,885
MTDR	Matador Resources Co	+9,750	76,996	$4,864,607
VALE	Vale S.A.	+8,700	196,130	$3,120,428
B	Barrick Mining Corp	+5,046	234,761	$9,575,901
SUNC	SunocoCorp LLC	+4,580	15,380	$948,177
PBA	Pembina Pipeline Corp	+4,107	1,494,250	$66,882,630
OKE	Oneok Inc /New/	+3,228	1,156,034	$104,493,913
CRH	Crh Public Ltd Co	+3,210	9,402	$988,338
NEM	NEWMONT Corp /DE/	+2,500	97,245	$10,526,771
SHEL	Shell plc	+2,500	56,141	$5,221,113
ENB	Enbridge Inc	+2,400	465,619	$25,208,612
MOS	Mosaic Co	+2,400	54,447	$1,388,398
NTR	Nutrien Ltd.	+2,300	52,360	$3,951,085
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
CVE	Cenovus Energy Inc.	−563,875	5,799,641	$153,864,475
PAGP	Plains Gp Holdings LP	−307,850	2,124,947	$51,593,713
PBF	PBF Energy Inc.	−248,000	1,002,915	$47,758,812
SU	Suncor Energy Inc	−245,227	1,515,161	$100,167,293
SOBO	South Bow Corp	−209,619	1,161,016	$38,685,053
WES	Western Midstream Partners, LP	−203,896	1,134,758	$46,717,986
MPC	Marathon Petroleum Corp	−100,673	180,958	$44,186,324
TRGP	Targa Resources Corp.	−56,745	471,801	$118,294,664
PSX	Phillips 66	−40,677	414,064	$75,434,179
FCX	Freeport-Mcmoran Inc	−35,203	52,517	$3,086,949
EPD	Enterprise Products Partners L.P.	−25,167	1,675,483	$63,400,276
AA	Alcoa Corp	−19,902	15,130	$1,003,572
VLO	Valero Energy Corp/Tx	−3,784	2,251	$556,177
DAR	Darling Ingredients Inc.	−2,900	27,265	$1,686,340
ALB	Albemarle Corp	−1,455	6,283	$1,127,986
VST	Vistra Corp.	−1,210	2,822	$424,231
CEG	Constellation Energy Corp	−608	1,311	$366,096
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
KEY	Keycorp /New/	1,920,957	$39,648,552
BP	Bp PLC	118,388	$4,111,615
SEE	SEALED AIR CORP/DE	13,350	$553,090
AM	Antero Midstream Corp	15,000	$266,850
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

66 positions · $1,643,708,294 total · as of Mar 31, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Real Estate Utilities

Showing 1–50 of 66 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CVE	Cenovus Energy Inc. Energy	Reduced	5,799,641	-563,875	$153,864,475	+42.9%	9.36%
TRGP	Targa Resources Corp. Energy	Reduced	471,801	-56,745	$118,294,664	+21.3%	7.20%
ET	Energy Transfer LP Energy	Added	5,562,381	+211,026	$107,353,953	+21.7%	6.53%
OKE	Oneok Inc /New/ Energy	Added	1,156,034	+3,228	$104,493,913	+23.3%	6.36%
SU	Suncor Energy Inc Energy	Reduced	1,515,161	-245,227	$100,167,293	+28.3%	6.09%
LNG	Cheniere Energy, Inc. Energy	Added	300,074	+35,600	$85,148,998	+65.6%	5.18%
KMI	Kinder Morgan, Inc. Energy	Added	2,430,444	+944,971	$81,492,787	+99.6%	4.96%
PSX	Phillips 66 Energy	Reduced	414,064	-40,677	$75,434,179	+28.6%	4.59%
MUSA	Murphy USA Inc. Consumer Cyclical	Added	146,119	+27,513	$72,178,402	+50.8%	4.39%
PBA	Pembina Pipeline Corp Energy	Added	1,494,250	+4,107	$66,882,630	+17.9%	4.07%
SUN	Sunoco LP Energy	Added	1,027,877	+349,254	$66,781,168	+87.8%	4.06%
EPD	Enterprise Products Partners L.P. Energy	Reduced	1,675,483	-25,167	$63,400,276	+16.3%	3.86%
WMB	Williams Companies, Inc. Energy	Added	762,867	+2,240	$55,521,460	+21.4%	3.38%
PAGP	Plains Gp Holdings LP Energy	Reduced	2,124,947	-307,850	$51,593,713	+10.8%	3.14%
DTM	DT Midstream, Inc. Energy	Added	355,156	+1,370	$47,828,858	+13.0%	2.91%
PBF	PBF Energy Inc. Energy	Reduced	1,002,915	-248,000	$47,758,812	+40.8%	2.91%
WES	Western Midstream Partners, LP Energy	Reduced	1,134,758	-203,896	$46,717,986	−11.6%	2.84%
VNOM	Viper Energy, Inc. Energy	Added	989,318	+266,703	$46,488,052	+66.5%	2.83%
MPC	Marathon Petroleum Corp Energy	Reduced	180,958	-100,673	$44,186,324	−3.5%	2.69%
SOBO	South Bow Corp Energy	Reduced	1,161,016	-209,619	$38,685,053	+2.7%	2.35%
ENB	Enbridge Inc Energy	Added	465,619	+2,400	$25,208,612	+13.8%	1.53%
DOW	Dow Inc. Basic Materials	Added	335,209	+119,293	$13,961,454	+176.6%	0.85%
WLK	Westlake Corp Basic Materials	Added	112,790	+37,157	$13,176,127	+135.6%	0.80%
NEM	NEWMONT Corp /DE/ Basic Materials	Added	97,245	+2,500	$10,526,771	+11.3%	0.64%
LYB	LyondellBasell Industries N.V. Basic Materials	Added	125,488	+65,869	$10,109,313	+291.6%	0.62%
B	Barrick Mining Corp Basic Materials	Added	234,761	+5,046	$9,575,901	−4.3%	0.58%
CVX	Chevron Corp Energy	Added	43,163	+400	$8,930,424	+37.0%	0.54%
HUN	Huntsman CORP Basic Materials	Added	535,914	+289,638	$7,133,015	+189.6%	0.43%
EMN	Eastman Chemical Co Basic Materials	Added	87,136	+47,305	$6,650,219	+161.6%	0.40%
SHEL	Shell plc Energy	Added	56,141	+2,500	$5,221,113	+32.5%	0.32%
MTDR	Matador Resources Co Energy	Added	76,996	+9,750	$4,864,607	+70.5%	0.30%
COP	Conocophillips Energy	Added	33,972	+700	$4,484,304	+44.0%	0.27%
NTR	Nutrien Ltd. Basic Materials	Added	52,360	+2,300	$3,951,085	+27.9%	0.24%
VALE	Vale S.A. Basic Materials	Added	196,130	+8,700	$3,120,428	+27.8%	0.19%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	52,517	-35,203	$3,086,949	−30.7%	0.19%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Held	59,242	0	$2,886,862	+44.0%	0.18%
HAL	Halliburton Co Energy	Added	73,648	+1,200	$2,871,535	+40.3%	0.17%
NUE	Nucor Corp Basic Materials	Added	16,615	+400	$2,809,596	+6.2%	0.17%
RIO	Rio Tinto PLC Basic Materials	Added	27,247	+1,200	$2,541,872	+21.9%	0.15%
FANG	Diamondback Energy, Inc. Energy	Held	11,756	0	$2,325,219	+31.6%	0.14%
TECK	Teck Resources Ltd Basic Materials	Added	40,394	+1,100	$2,090,389	+11.1%	0.13%
BHP	BHP Group Ltd Basic Materials	Added	27,271	+1,200	$1,983,692	+26.0%	0.12%
DAR	Darling Ingredients Inc. Consumer Defensive	Reduced	27,265	-2,900	$1,686,340	+55.3%	0.10%
PKX	Posco Holdings Inc. Basic Materials	Held	24,960	0	$1,459,910	+9.9%	0.09%
TTE	TotalEnergies SE Energy	Added	15,824	+836	$1,439,667	+46.8%	0.09%
MOS	Mosaic Co Basic Materials	Added	54,447	+2,400	$1,388,398	+10.7%	0.08%
ALB	Albemarle Corp Basic Materials	Reduced	6,283	-1,455	$1,127,986	+3.1%	0.07%
EXE	EXPAND ENERGY Corp Energy	Held	9,689	0	$1,063,658	−0.5%	0.06%
CF	CF Industries Holdings, Inc. Basic Materials	Added	8,163	+400	$1,059,883	+76.5%	0.06%
SW	Smurfit Westrock plc Consumer Cyclical	Added	26,095	+13,874	$1,039,885	+120.0%	0.06%