Recurrent Investment Advisors LLC reported 69 positions worth $1.54B for the quarter ended Jun 30, 2026, down 3.3% on the prior quarter. It opened 4 new positions, added to 26, trimmed 22 and exited 0. Its largest holding is Targa Resources Corp. at 8.2% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MPLX Mplx Lp | +544.7K | – | $30.68M | 1.99% |
| ENB Enbridge Inc | +417.3K | +89.6% | $22.62M | 3.11% |
| VG Venture Global, Inc. | +2.03M | – | $22.55M | 1.46% |
| EPD Enterprise Products Partners L.P. | +355.9K | +21.2% | $13.08M | 4.85% |
| SUN Sunoco LP | +121.6K | +11.8% | $8.21M | 5.04% |
| ET Energy Transfer LP | +373.0K | +6.7% | $7.13M | 7.37% |
| KMI Kinder Morgan, Inc. | +148.1K | +6.1% | $4.73M | 5.35% |
| KGC Kinross Gold Corp | +147.7K | – | $3.93M | 0.255% |
| EMN Eastman Chemical Co | +48.7K | +55.9% | $3.26M | 0.591% |
| HUN Huntsman CORP | +256.6K | +47.9% | $2.72M | 0.546% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| CVE Cenovus Energy Inc. | -1.06M | -18.3% | $27.43M | 7.96% |
| MPC Marathon Petroleum Corp | -95.2K | -52.6% | $24.33M | 1.42% |
| VNOM Viper Energy, Inc. | -521.3K | -52.7% | $22.10M | 1.29% |
| SU Suncor Energy Inc | -369.2K | -24.4% | $20.21M | 4.07% |
| PBF PBF Energy Inc. | -273.4K | -27.3% | $12.44M | 2.16% |
| PAGP Plains Gp Holdings Lp | -333.6K | -15.7% | $8.12M | 2.83% |
| PSX Phillips 66 | -11.0K | -2.7% | $1.87M | 4.42% |
| PKX Posco Holdings Inc. | -12.5K | -50.2% | $644.20K | 0.041% |
| ALB Albemarle Corp | -3,746 | -59.6% | $505.82K | 0.022% |
| TRGP Targa Resources Corp. | -1,164 | -0.2% | $312.11K | 8.19% |
No positions were closed this quarter.
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | TRGP Targa Resources Corp. | Energy | 470.6K | $126.20M | 8.19% | -1,164 | -0.2% | Reduced | 0.22% |
| 2 | CVE Cenovus Energy Inc. | Energy | 4.74M | $122.60M | 7.96% | -1.06M | -18.3% | Reduced | 0.25% |
| 3 | ET Energy Transfer LP | Energy | 5.94M | $113.48M | 7.37% | +373.0K | +6.7% | Added | 0.17% |
| 4 | OKE Oneok Inc | Energy | 1.16M | $100.85M | 6.55% | +3,923 | +0.3% | Added | 0.18% |
| 5 | KMI Kinder Morgan, Inc. | Energy | 2.58M | $82.44M | 5.35% | +148.1K | +6.1% | Added | 0.12% |
| 6 | MUSA Murphy USA Inc. | Consumer Staples | 146.3K | $78.59M | 5.1% | +144 | +0.1% | Added | 0.79% |
| 7 | SUN Sunoco LP | Energy | 1.15M | $77.59M | 5.04% | +121.6K | +11.8% | Added | 0.84% |
| 8 | EPD Enterprise Products Partners L.P. | Energy | 2.03M | $74.67M | 4.85% | +355.9K | +21.2% | Added | 0.09% |
| 9 | LNG Cheniere Energy, Inc. | Energy | 301.4K | $72.03M | 4.68% | +1,279 | +0.4% | Added | 0.14% |
| 10 | PSX Phillips 66 | Energy | 403.0K | $68.13M | 4.42% | -11.0K | -2.7% | Reduced | 0.1% |
| 11 | SU Suncor Energy Inc | Energy | 1.15M | $62.73M | 4.07% | -369.2K | -24.4% | Reduced | 0.09% |
| 12 | WMB Williams Companies, Inc. | Energy | 762.9K | $56.71M | 3.68% | 0 | 0.0% | Unchanged | 0.06% |
| 13 | DTM DT Midstream, Inc. | Energy | 355.2K | $52.12M | 3.38% | -2 | 0.0% | Reduced | 0.35% |
| 14 | WES Western Midstream Partners, LP | Energy | 1.13M | $49.59M | 3.22% | -1,467 | -0.1% | Reduced | 0.27% |
| 15 | ENB Enbridge Inc | Energy | 882.9K | $47.86M | 3.11% | +417.3K | +89.6% | Added | 0.04% |
Tip. Select a row to see that position’s full history at Recurrent Investment Advisors.
As of its Q2 2026 13F filing, Recurrent Investment Advisors LLC’s five largest positions were Targa Resources Corp. (TRGP) at 8.2%, Cenovus Energy Inc. (CVE) at 8.0%, Energy Transfer LP (ET) at 7.4%, Oneok Inc (OKE) at 6.5%, Kinder Morgan, Inc. (KMI) at 5.4% of the reported portfolio.
Recurrent Investment Advisors LLC reported a 13F portfolio worth $1.54B across 69 positions for Q2 2026. That is down 3.3% from the previous quarter.
Its largest purchases by value were Mplx Lp ($30.68M), Enbridge Inc ($22.62M), Venture Global, Inc. ($22.55M). It opened 4 new positions.
Its largest sales by value were Cenovus Energy Inc. ($27.43M), Marathon Petroleum Corp ($24.33M), Viper Energy, Inc. ($22.10M). It exited 0 positions entirely.
From the Form 13F-HR reports Recurrent Investment Advisors LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.