Recurrent Investment Advisors LLC
Sector Allocation
- Energy88.6%$1.4B
- Materials5.7%$91.6M
- Consumer Discretionary4.9%$78.6M
- Healthcare0.5%$8.4M
- Consumer Staples0.1%$2.1M
- Industrials0.1%$1.1M
- Utilities0.1%$773,267
- Real Estate0.0%$601,708
AUM History
13fpro.ai/research/fund/recurrent-investment-advisors-llc-1803146
Conviction and streaks
Diversifying · top 10 = 57.0%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
TRGP
$126.2MCVE
$122.6MET
$113.5MOKE
$100.8MKMI
$82.4MMUSA
$78.6MSUN
$77.6MEPD
$74.7MLNG
$72.0MPBA
$69.6MPSX
$68.1MSU
$62.7MWMB
$56.7MDTM
$52.1MWES
$49.6MENB
$47.9MPAGP
$43.6MSOBO
$40.8MPBF
$33.2MMPLX
$30.7M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/recurrent-investment-advisors-llc-1803146
Recurrent Investment Advisors LLC 13F holdings — Q2 2026
$1.6B portfolio (-3.0% QoQ) · 71 holdings · Q2 2026 13F · top 10 are 57% of the stock portfolio
$126.2M
7.8% of stocks
-0.2%This quarter+10.5%Since filed10+ qtrsHeld$122.6M
7.6% of stocks
-18%This quarter+7.0%Since filed10+ qtrsHeldAIQuality55.7#1,215Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$113.5M
7.0% of stocks
+7%This quarter-2.1%Since filed10+ qtrsHeld$100.8M
6.3% of stocks
+0.3%This quarter+1.4%Since filed10+ qtrsHeld$82.4M
5.1% of stocks
+6%This quarter+3.4%Since filed10+ qtrsHeld$78.6M
4.9% of stocks
+0.1%This quarter-5.3%Since filed10+ qtrsHeld$77.6M
4.8% of stocks
+12%This quarter-1.7%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$74.7M
4.6% of stocks
+21%This quarter-4.9%Since filed10+ qtrsHeld$72.0M
4.5% of stocks
+0.4%This quarter+10.7%Since filed10+ qtrsHeld$69.6M
4.3% of stocks
+0.3%This quarter+2.0%Since filed10+ qtrsHeld
All holdings — Recurrent Investment Advisors LLC (Q2 2026)
71 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Phillips 66 | Energy | $68.1M | 4.2% | 403K | -3% | 10+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | SUNCOR ENERGY INC | Energy | $62.7M | 3.9% | 1.15M | -24% | 10+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | WILLIAMS COMPANIES, INC. | Energy | $56.7M | 3.5% | 763K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | DT Midstream, Inc. | Energy | $52.1M | 3.2% | 355K | -0.0% | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Western Midstream Partners, LPlp unit | Energy | $49.6M | 3.1% | 1.13M | -0.1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | ENBRIDGE INC | Energy | $47.9M | 3.0% | 883K | +90% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | PLAINS GP HOLDINGS LP | Energy | $43.6M | 2.7% | 1.79M | -16% | 10+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | South Bow Corp | Energy | $40.8M | 2.5% | 1.16M | -0.2% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | PBF Energy Inc. | Energy | $33.2M | 2.1% | 730K | -27% | 8 qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | MPLX LPlp unit | Energy | $30.7M | 1.9% | 545K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Venture Global, Inc. | Energy | $22.5M | 1.4% | 2.03M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Marathon Petroleum Corp | Energy | $21.9M | 1.4% | 86K | -53% | 10+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Viper Energy, Inc. | Energy | $19.8M | 1.2% | 468K | -53% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | BARRICK MINING CORP | Materials | $10.3M | 0.6% | 235K | +0.0% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | DOW INC. | Materials | $10.0M | 0.6% | 366K | +9% | 10+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $WLK | WESTLAKE CORP | Materials | $9.4M | 0.6% | 129K | +14% | |||
| 27 | $EMN | EASTMAN CHEMICAL CO | Materials | $9.1M | 0.6% | 136K | +56% | |||
| 28 | $NEM | NEWMONT Corp /DE/ | Materials | $9.1M | 0.6% | 97K | — | |||
| 29 | $HUN | Huntsman CORP | Healthcare | $8.4M | 0.5% | 792K | +48% | |||
| 30 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $8.0M | 0.5% | 58K | +0.0% | |||
| 31 | $LYB | LyondellBasell Industries N.V. | Materials | $7.6M | 0.5% | 145K | +15% | |||
| 32 | $CVX | CHEVRON CORP | Energy | $7.2M | 0.4% | 43K | +0.0% | |||
| 33 | $NTR | Nutrien Ltd. | Materials | $4.7M | 0.3% | 52K | -0.0% | |||
| 34 | $KGC | KINROSS GOLD CORP | Materials | $3.9M | 0.2% | 148K | New | |||
| 35 | $MTDR | Matador Resources Co | Energy | $3.8M | 0.2% | 77K | +0.1% | |||
| 36 | $NUE | NUCOR CORP | Materials | $3.7M | 0.2% | 17K | +0.0% | |||
| 37 | $COP | CONOCOPHILLIPS | Energy | $3.5M | 0.2% | 34K | — | |||
| 38 | $FCX | FREEPORT-MCMORAN INC | Materials | $3.3M | 0.2% | 52K | -0.1% | |||
| 39 | $TECK | TECK RESOURCES LTD | Materials | $3.0M | 0.2% | 40K | — | |||
| 40 | $VALE | Vale S.A. | Materials | $3.0M | 0.2% | 196K | +0.0% | |||
| 41 | $RIO | RIO TINTO PLC | Materials | $2.6M | 0.2% | 27K | -0.0% | |||
| 42 | $HAL | HALLIBURTON CO | Energy | $2.5M | 0.2% | 74K | +0.0% | |||
| 43 | $CNQ | CANADIAN NATURAL RESOURCES Ltd | Energy | $2.3M | 0.1% | 59K | — | |||
| 44 | $BHP | BHP Group Ltd | Materials | $2.3M | 0.1% | 27K | -0.0% | |||
| 45 | $FANG | Diamondback Energy, Inc. | Energy | $2.1M | 0.1% | 12K | — | |||
| 46 | $SUNC | SunocoCorp LLC | Energy | $1.8M | 0.1% | 26K | +70% | |||
| 47 | $SHEL | Shell plc | Energy | $1.7M | 0.1% | 57K | +0.8% | |||
| 48 | $DAR | DARLING INGREDIENTS INC. | Consumer Staples | $1.5M | 0.1% | 27K | — | |||
| 49 | $CRH | CRH PUBLIC LTD CO | Materials | $1.4M | 0.1% | 14K | +44% | |||
| 50 | $EXE | EXPAND ENERGY Corp | Energy | $1.4M | 0.1% | 16K | +61% | |||
| 51 | $SW | Smurfit Westrock plc | Materials | $1.2M | 0.1% | 26K | — | |||
| 52 | $MOS | MOSAIC CO | Materials | $1.2M | 0.1% | 55K | +0.2% | |||
| 53 | $IP | INTERNATIONAL PAPER CO /NEW/ | Materials | $1.1M | 0.1% | 28K | +0.2% | |||
| 54 | $TTE | TotalEnergies SE | Energy | $1.1M | 0.1% | 16K | — | |||
| 55 | $CCK | CROWN HOLDINGS, INC. | Industrials | $1.1M | 0.1% | 9,406 | — | |||
| 56 | $TRP | TC ENERGY CORP | Energy | $958K | 0.1% | 14K | — | |||
| 57 | $CF | CF Industries Holdings, Inc. | Materials | $884K | 0.1% | 8,163 | — | |||
| 58 | $MT | ArcelorMittal | Materials | $810K | 0.1% | 15K | -0.2% | |||
| 59 | $AA | Alcoa Corp | Materials | $787K | 0.1% | 15K | -0.2% | |||
| 60 | $CCJ | CAMECO CORP | Materials | $688K | 0.0% | 6,757 | — | |||
| 61 | $PKX | POSCO HOLDINGS INC. | Materials | $638K | 0.0% | 12K | -50% | |||
| 62 | $WY | WEYERHAEUSER CO | Real Estate | $602K | 0.0% | 25K | -0.0% | |||
| 63 | $EOG | EOG RESOURCES INC | Energy | $602K | 0.0% | 4,637 | — | |||
| 64 | $BP | BP PLC | Energy | $594K | 0.0% | 127K | New | |||
| 65 | $VLO | VALERO ENERGY CORP/TX | Energy | $586K | 0.0% | 2,251 | — | |||
| 66 | $MLM | MARTIN MARIETTA MATERIALS INC | Materials | $581K | 0.0% | 1,008 | — | |||
| 67 | $ADM | Archer-Daniels-Midland Co | Consumer Staples | $565K | 0.0% | 7,392 | -0.1% | |||
| 68 | $KNTK | Kinetik Holdings Inc. | Energy | $482K | 0.0% | 9,970 | -15% | |||
| 69 | $VST | Vistra Corp. | Utilities | $448K | 0.0% | 2,822 | — | |||
| 70 | $ALB | ALBEMARLE CORP | Materials | $343K | 0.0% | 2,537 | -60% | |||
| 71 | $CEG | Constellation Energy Corp | Utilities | $326K | 0.0% | 1,311 | — |
What changed in Q2 2026
Against the previous quarter's 13F: 4 new, 27 added to, 22 trimmed, 0 sold out. Share-count changes; largest moves by dollar size first.
New positions (4)
Added to (27)
now $47.9M · held 10+ qtrs
now $74.7M · held 10+ qtrs
now $77.6M · held 10+ qtrs, 2 adds in a row
now $113.5M · held 10+ qtrs, 5 adds in a row
now $82.4M · held 10+ qtrs, 2 adds in a row
$EMNEASTMAN CHEMICAL CO+56%
now $9.1M · held 3 qtrs, 3 adds in a row
+21 more in the Excel export
Trimmed (22)
now $122.6M · held 10+ qtrs, 2 trims in a row
$MPCMarathon Petroleum Corp-53%
now $21.9M · held 10+ qtrs, 2 trims in a row
$VNOMViper Energy, Inc.-53%
now $19.8M · held 10+ qtrs
now $62.7M · held 10+ qtrs, 3 trims in a row
now $33.2M · held 8 qtrs, 4 trims in a row
now $43.6M · held 10+ qtrs, 2 trims in a row
+16 more in the Excel export
Sold out (0)
No positions sold out this quarter.
Holdings by quarter
Every 13F Recurrent Investment Advisors LLC has filed, 26 earlier quarters. Pick one to see what it held then.
Is it too late to follow Recurrent Investment Advisors?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Recurrent Investment Advisors's top 20 holdings: 62/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)
Top 10 since filing
+2.6%
Value-weighted move of the 10 largest stock positions
Turnover
7%
Last quarter; 28% over the last 4
Top 10 weight
57%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
95%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Recurrent Investment Advisors LLC disclosed 71 positions worth $1.6B in its Form 13F-HR for Q2 2026, led by $TRGP (Targa Resources Corp.) at 7.8% of the equity portfolio, followed by $CVE and $ET. During the quarter the fund opened 4 new positions and exited 0 — including a new stake in $MPLX. The portfolio is most concentrated in Energy (88.6% of disclosed assets). All figures are sourced directly from Recurrent Investment Advisors LLC’s Form 13F-HR filing with the SEC under CIK 1803146.
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AI-Powered Hedge Fund Analysis: Recurrent Investment Advisors LLC
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Every holding in Recurrent Investment Advisors LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.