Institutional
Recurrent Investment Advisors LLC
CIK 0001803146
$1.66B
Reported AUM
67
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Recurrent Investment Advisors LLC · Q1 2026
AI · grounded in 13F
Recurrent Investment Advisors LLC closed its position in KEY, reducing its exposure by $84.5M. The fund increased its stake in Kinder Morgan Inc Del by 63.6% and Sunoco LP/Sunoco Fin Corp SUN by 51.5%. Other activity included adding 41 positions and trimming holdings in Freeport McMoran Inc FCX by 40.1% and Marathon Pete Corp MPC by 35.7%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Ticker | Issuer | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|
| 1 | CVE | CENOVUS ENERGY INC | $159.6M | 9.61% | -563,875 | -8.9% |
| 2 | TRGP | TARGA RES CORP | $118.3M | 7.12% | -56,745 | -10.7% |
| 3 | ET | ENERGY TRANSFER L P | $107.4M | 6.46% | +211,026 | +3.9% |
| 4 | OKE | ONEOK INC NEW | $104.5M | 6.29% | +3,228 | +0.3% |
| 5 | SU | SUNCOR ENERGY INC NEW | $101.9M | 6.14% | -245,227 | -13.9% |
| 6 | LNG | CHENIERE ENERGY INC | $85.1M | 5.13% | +35,600 | +13.5% |
| 7 | KMI | KINDER MORGAN INC DEL | $81.5M | 4.91% | +944,971 | +63.6% |
| 8 | PSX | PHILLIPS 66 | $75.4M | 4.54% | -40,677 | -8.9% |
| 9 | MUSA | MURPHY USA INC | $72.0M | 4.33% | +27,513 | +23.2% |
| 10 | PBA | PEMBINA PIPELINE CORP | $67.2M | 4.04% | +4,107 | +0.3% |
| 11 | SUN | SUNOCO LP/SUNOCO FIN CORP | $66.8M | 4.02% | +349,254 | +51.5% |
| 12 | EPD | ENTERPRISE PRODS PARTNERS L | $63.4M | 3.82% | -25,167 | -1.5% |
| 13 | WMB | WILLIAMS COS INC | $55.5M | 3.34% | +2,240 | +0.3% |
| 14 | PAGP | PLAINS GP HLDGS L P | $51.4M | 3.09% | -307,850 | -12.7% |
| 15 | DTM | DT MIDSTREAM INC | $47.8M | 2.88% | +1,370 | +0.4% |
| 16 | PBF | PBF ENERGY INC | $47.8M | 2.87% | -248,000 | -19.8% |
| 17 | WES | WESTERN MIDSTREAM PARTNERS L | $46.7M | 2.81% | -203,896 | -15.2% |
| 18 | VNOM | VIPER ENERGY INC | $46.5M | 2.80% | +266,703 | +36.9% |
| 19 | MPC | MARATHON PETE CORP | $44.2M | 2.66% | -100,673 | -35.7% |
| 20 | SOBO | SOUTH BOW CORP | $38.7M | 2.33% | -209,619 | -15.3% |
| 21 | ENB | ENBRIDGE INC | $25.2M | 1.52% | +2,400 | +0.5% |
| 22 | DOW | DOW HLDGS INC | $14.0M | 0.84% | +119,293 | +55.2% |
| 23 | WLK | WESTLAKE CORPORATION | $13.2M | 0.79% | +37,157 | +49.1% |
| 24 | B | BARRICK MNG CORP | $11.4M | 0.68% | +5,046 | +2.2% |
| 25 | NEM | NEWMONT CORP | $10.5M | 0.63% | +2,500 | +2.6% |
| 26 | LYB | LYONDELLBASELL INDUSTRIES NV | $10.1M | 0.61% | +65,869 | +110.5% |
| 27 | XOM | EXXON MOBIL CORP | $9.9M | 0.60% | +900 | +1.6% |
| 28 | CVX | CHEVRON CORPORATION | $8.9M | 0.54% | +400 | +0.9% |
| 29 | HUN | HUNTSMAN CORP | $7.1M | 0.43% | +289,638 | +117.6% |
| 30 | EMN | EASTMAN CHEM CO | $6.7M | 0.40% | +47,305 | +118.8% |
| 31 | NTR | NUTRIEN LTD | $5.5M | 0.33% | +2,300 | +4.6% |
| 32 | MTDR | MATADOR RES CO | $4.9M | 0.29% | +9,750 | +14.5% |
| 33 | COP | CONOCOPHILLIPS | $4.5M | 0.27% | +700 | +2.1% |
| 34 | VALE | VALE S A | $3.1M | 0.19% | +8,700 | +4.6% |
| 35 | FCX | FREEPORT MCMORAN INC | $3.1M | 0.19% | -35,203 | -40.1% |
| 36 | CNQ | CANADIAN NAT RES LTD MED TER | $2.9M | 0.17% | — | HELD |
| 37 | HAL | HALLIBURTON CO | $2.9M | 0.17% | +1,200 | +1.7% |
| 38 | NUE | NUCOR CORP | $2.8M | 0.17% | +400 | +2.5% |
| 39 | TECK | TECK RESOURCES LTD | $2.6M | 0.16% | +1,100 | +2.8% |
| 40 | RIO | RIO TINTO PLC | $2.5M | 0.15% | +1,200 | +4.6% |
| 41 | FANG | DIAMONDBACK ENERGY INC | $2.3M | 0.14% | — | HELD |
| 42 | SHEL | SHELL PLC | $2.0M | 0.12% | +2,500 | +4.7% |
| 43 | BHP | BHP BILLITON LIMITED | $2.0M | 0.12% | +1,200 | +4.6% |
| 44 | DAR | DARLING INGREDIENTS INC | $1.7M | 0.10% | -2,900 | -9.6% |
| 45 | PKX | POSCO HOLDINGS INC | $1.5M | 0.09% | — | HELD |
| 46 | MOS | MOSAIC CO | $1.4M | 0.08% | +2,400 | +4.6% |
| 47 | TTE | TOTALENERGIES SE | $1.3M | 0.08% | +836 | +5.6% |
| 48 | ALB | ALBEMARLE CORP | $1.1M | 0.07% | -1,455 | -18.8% |
| 49 | EXE | EXPAND ENERGY CORPORATION | $1.1M | 0.06% | — | HELD |
| 50 | CF | CF INDUSTRIES HOLD | $1.1M | 0.06% | +400 | +5.2% |
| 51 | SW | SMURFIT WESTROCK PLC | $1.0M | 0.06% | +13,874 | +113.5% |
| 52 | IP | INTERNATIONAL PAPER CO | $1.0M | 0.06% | +14,276 | +102.0% |
| 53 | AA | ALCOA CORP | $1.0M | 0.06% | -19,902 | -56.8% |
| 54 | CRH | CRH PLC | $988K | 0.06% | +3,210 | +51.8% |
| 55 | SUNC | SUNOCOCORP LLC | $948K | 0.06% | +4,580 | +42.4% |
| 56 | CCK | CROWN HLDGS INC | $943K | 0.06% | — | HELD |
| 57 | TRP | TC ENERGY CORP | $905K | 0.05% | +1,900 | +15.1% |
| 58 | CCJ | CAMECO CORP | $734K | 0.04% | — | HELD |
| 59 | MT | ARCELORMITTAL SA LUXEMBOURG | $676K | 0.04% | +734 | +5.0% |
| 60 | EOG | EOG RES INC | $670K | 0.04% | — | HELD |
| 61 | WY | WEYERHAEUSER CO | $614K | 0.04% | +1,100 | +4.6% |
| 62 | MLM | MARTIN MARIETTA MATLS INC | $593K | 0.04% | — | HELD |
| 63 | KNTK | KINETIK HOLDINGS INC | $566K | 0.03% | — | HELD |
| 64 | VLO | VALERO ENERGY CORP | $556K | 0.03% | -3,784 | -62.7% |
| 65 | ADM | ARCHER DANIELS MIDLAND CO | $538K | 0.03% | +300 | +4.2% |
| 66 | VST | VISTRA CORP | $424K | 0.03% | -1,210 | -30.0% |
| 67 | CEG | CONSTELLATION ENERGY CORP | $366K | 0.02% | -608 | -31.7% |
| 68 | KEY | KEYCORP | — | — | -1,920,957 | EXITED |
| 69 | SDA | SEALED AIR CORP NEW | — | — | -13,350 | EXITED |
| 70 | BP | BP PLC | — | — | -118,388 | EXITED |
| 71 | AM | ANTERO MIDSTREAM CORP | — | — | -15,000 | EXITED |
Source: SEC EDGAR · accession 0001420506-26-001065. 13F discloses long positions only — shorts, foreign equities, and options are excluded.