Recurrent Investment Advisors LLC

13F filer · CIK 0001803146

Reported Aug 14, 2026

Net buyer this quarter

13F portfolio value$1.61BU.S. long equity reported on 13F

Positions714 new · 0 closed

Net flow last quarter+$12.2MBuys minus sells

Top 10 positions weight57.0%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 14, 202671 positions
TRGPTarga Resources Corp.	$126M	7.83%	0.22%	-0.3%	Q4 2020
CVECenovus Energy Inc.	$123M	7.61%	0.25%	-18.3%	Q4 2019
ETEnergy Transfer LP	$113M	7.04%	0.17%	+6.7%	Q4 2019
OKEOneok Inc	$101M	6.26%	0.18%	+0.3%	Q4 2019
KMIKinder Morgan, Inc.	$82.4M	5.12%	0.12%	+6.1%	Q4 2019
MUSAMurphy USA Inc.	$78.6M	4.88%	0.80%	+0.1%	Q2 2023
SUNSunoco LP	$77.6M	4.82%	Not reported	+11.8%	Q4 2019
EPDEnterprise Products Partners L.P.	$74.7M	4.64%	0.09%	+21.2%	Q4 2019
LNGCheniere Energy, Inc.	$72M	4.47%	0.14%	+0.4%	Q4 2019
PBAPembina Pipeline Corp	$69.6M	4.32%	0.26%	+0.3%	Q4 2019
PSXPhillips 66	$68.1M	4.23%	0.10%	-2.7%	Q4 2019
SUSuncor Energy Inc	$62.7M	3.89%	0.10%	-24.4%	Q2 2020
WMBWilliams Companies, Inc.	$56.7M	3.52%	0.06%	Not reported	Q4 2019
DTMDT Midstream, Inc.	$52.1M	3.24%	0.35%	0.0%	Q2 2024
WESWestern Midstream Partners, LP	$49.6M	3.08%	0.29%	-0.1%	Q4 2020
ENBEnbridge Inc	$47.9M	2.97%	0.04%	+89.6%	Q4 2019
PAGPPlains GP Holdings LP	$43.6M	2.71%	0.91%	-15.7%	Q4 2019
SOBOSouth Bow Corp	$40.8M	2.53%	0.56%	-0.2%	Q4 2024
PBFPBF Energy Inc.	$33.2M	2.06%	Not reported	-27.3%	Q3 2024
MPLXMPLX LP	$30.7M	1.90%	0.05%	New	Q2 2026
VGVenture Global, Inc.	$22.5M	1.40%	Not reported	New	Q2 2026
MPCMarathon Petroleum Corp	$21.9M	1.36%	0.03%	-52.6%	Q4 2019
VNOMViper Energy, Inc.	$19.8M	1.23%	Not reported	-52.7%	Q2 2020
BBarrick Mining Corp	$10.3M	0.64%	0.01%	0.0%	Q2 2025
DOWDow Inc.	$10M	0.62%	0.05%	+9.1%	Q3 2022
WLKWestlake Corp	$9.4M	0.58%	0.10%	+14.2%	Q4 2019
EMNEastman Chemical Co	$9.1M	0.56%	0.12%	+55.9%	Q4 2025
NEMNEWMONT Corp	$9.08M	0.56%	0.01%	Not reported	Q2 2020
HUNHuntsman CORP	$8.42M	0.52%	0.45%	+47.9%	Q4 2025
XOMExxonMobil Holdings Corp	$7.97M	0.49%	0.00%	0.0%	Q4 2019
LYBLyondellBasell Industries N.V.	$7.62M	0.47%	0.04%	+15.3%	Q4 2025
CVXChevron Corp	$7.16M	0.44%	0.00%	0.0%	Q2 2022
NTRNutrien Ltd.	$4.67M	0.29%	0.01%	0.0%	Q4 2019
KGCKinross Gold Corp	$3.93M	0.24%	0.01%	New	Q2 2026
MTDRMatador Resources Co	$3.84M	0.24%	0.06%	+0.1%	Q4 2024
NUENucor Corp	$3.7M	0.23%	0.01%	0.0%	Q4 2019
COPConocophillips	$3.53M	0.22%	0.00%	Not reported	Q4 2019
FCXFreeport-Mcmoran Inc	$3.3M	0.20%	0.00%	-0.1%	Q4 2019
TECKTeck Resources Ltd	$3.05M	0.19%	Not reported	Not reported	Q2 2022
VALEVale S.A.	$2.95M	0.18%	0.01%	0.0%	Q4 2019
RIORio Tinto PLC	$2.59M	0.16%	0.00%	0.0%	Q4 2019
HALHalliburton Co	$2.5M	0.16%	0.01%	0.0%	Q2 2022
CNQCANADIAN NATURAL RESOURCES Ltd	$2.34M	0.15%	0.00%	Not reported	Q2 2022
BHPBHP Group Ltd	$2.27M	0.14%	0.00%	0.0%	Q4 2019
FANGDiamondback Energy, Inc.	$2.07M	0.13%	0.00%	Not reported	Q4 2019
SUNCSunocoCorp LLC	$1.76M	0.11%	0.05%	+69.6%	Q4 2025
SHELShell plc	$1.66M	0.10%	0.00%	+0.8%	Q4 2022
DARDarling Ingredients Inc.	$1.49M	0.09%	0.02%	Not reported	Q4 2020
CRHCRH Public Ltd Co	$1.45M	0.09%	0.00%	+44.1%	Q2 2025
EXEEXPAND ENERGY Corp	$1.43M	0.09%	0.01%	+61.5%	Q4 2024

Q1 2026Reported May 15, 202667 positions
CVECenovus Energy Inc.	$160M	9.61%	0.31%	-8.9%	Q4 2019
TRGPTarga Resources Corp.	$118M	7.12%	0.22%	-10.7%	Q4 2020
ETEnergy Transfer LP	$107M	6.46%	0.16%	+3.9%	Q4 2019
OKEOneok Inc	$104M	6.29%	0.18%	+0.3%	Q4 2019
SUSuncor Energy Inc	$102M	6.14%	0.13%	-13.9%	Q2 2020
LNGCheniere Energy, Inc.	$85.1M	5.13%	0.14%	+13.5%	Q4 2019
KMIKinder Morgan, Inc.	$81.5M	4.91%	0.11%	+63.6%	Q4 2019
PSXPhillips 66	$75.4M	4.54%	0.10%	-9.0%	Q4 2019
MUSAMurphy USA Inc.	$72M	4.33%	0.79%	+23.2%	Q2 2023
PBAPembina Pipeline Corp	$67.2M	4.04%	0.26%	+0.3%	Q4 2019
SUNSunoco LP	$66.8M	4.02%	Not reported	+51.5%	Q4 2019
EPDEnterprise Products Partners L.P.	$63.4M	3.82%	0.08%	-1.5%	Q4 2019
WMBWilliams Companies, Inc.	$55.5M	3.34%	0.06%	+0.3%	Q4 2019
PAGPPlains GP Holdings LP	$51.4M	3.09%	1.07%	-12.7%	Q4 2019
DTMDT Midstream, Inc.	$47.8M	2.88%	0.35%	+0.4%	Q2 2024
PBFPBF Energy Inc.	$47.8M	2.87%	Not reported	-19.8%	Q3 2024
WESWestern Midstream Partners, LP	$46.7M	2.81%	0.29%	-15.2%	Q4 2020
VNOMViper Energy, Inc.	$46.5M	2.80%	Not reported	+36.9%	Q2 2020
MPCMarathon Petroleum Corp	$44.2M	2.66%	0.06%	-35.8%	Q4 2019
SOBOSouth Bow Corp	$38.7M	2.33%	0.56%	-15.3%	Q4 2024
ENBEnbridge Inc	$25.2M	1.52%	0.02%	+0.5%	Q4 2019
DOWDow Inc.	$14M	0.84%	0.05%	+55.3%	Q3 2022
WLKWestlake Corp	$13.2M	0.79%	0.09%	+49.1%	Q4 2019
BBarrick Mining Corp	$11.4M	0.68%	0.01%	+2.2%	Q2 2025
NEMNEWMONT Corp	$10.5M	0.63%	0.01%	+2.6%	Q2 2020
LYBLyondellBasell Industries N.V.	$10.1M	0.61%	0.04%	+110.5%	Q4 2025
XOMExxonMobil Holdings Corp	$9.89M	0.60%	0.00%	+1.6%	Q4 2019
CVXChevron Corp	$8.93M	0.54%	0.00%	+0.9%	Q2 2022
HUNHuntsman CORP	$7.13M	0.43%	0.31%	+117.6%	Q4 2025
EMNEastman Chemical Co	$6.65M	0.40%	0.08%	+118.8%	Q4 2025
NTRNutrien Ltd.	$5.49M	0.33%	0.01%	+4.6%	Q4 2019
MTDRMatador Resources Co	$4.86M	0.29%	0.06%	+14.5%	Q4 2024
COPConocophillips	$4.48M	0.27%	0.00%	+2.1%	Q4 2019
VALEVale S.A.	$3.12M	0.19%	0.01%	+4.6%	Q4 2019
FCXFreeport-Mcmoran Inc	$3.09M	0.19%	0.00%	-40.1%	Q4 2019
CNQCANADIAN NATURAL RESOURCES Ltd	$2.89M	0.17%	0.00%	Not reported	Q2 2022
HALHalliburton Co	$2.87M	0.17%	0.01%	+1.7%	Q2 2022
NUENucor Corp	$2.81M	0.17%	0.01%	+2.5%	Q4 2019
TECKTeck Resources Ltd	$2.61M	0.16%	Not reported	+2.8%	Q2 2022
RIORio Tinto PLC	$2.54M	0.15%	0.00%	+4.6%	Q4 2019
FANGDiamondback Energy, Inc.	$2.33M	0.14%	0.00%	Not reported	Q4 2019
SHELShell plc	$2.01M	0.12%	0.00%	+4.7%	Q4 2022
BHPBHP Group Ltd	$1.98M	0.12%	0.00%	+4.6%	Q4 2019
DARDarling Ingredients Inc.	$1.69M	0.10%	0.02%	-9.6%	Q4 2020
PKXPosco Holdings Inc.	$1.46M	0.09%	0.03%	Not reported	Q4 2019
MOSMosaic Co	$1.39M	0.08%	0.02%	+4.6%	Q2 2022
TTETotalEnergies SE	$1.28M	0.08%	0.00%	+5.6%	Q4 2019
ALBAlbemarle Corp	$1.13M	0.07%	0.01%	-18.8%	Q1 2025
EXEEXPAND ENERGY Corp	$1.06M	0.06%	0.00%	Not reported	Q4 2024
CFCF Industries Holdings, Inc.	$1.06M	0.06%	0.01%	+5.2%	Q2 2024

Q4 2025Reported Feb 13, 202671 positions
CVECenovus Energy Inc.	$111M	8.21%	0.34%	-0.9%	Q4 2019
TRGPTarga Resources Corp.	$97.5M	7.21%	0.25%	+4.3%	Q4 2020
ETEnergy Transfer LP	$88.2M	6.52%	0.16%	+7.3%	Q4 2019
OKEOneok Inc	$84.7M	6.27%	0.18%	+3.4%	Q4 2019
KEYKeycorp	$84.5M	6.25%	0.18%	New	Q4 2025
SUSuncor Energy Inc	$79.2M	5.85%	0.15%	-1.5%	Q2 2020
PSXPhillips 66	$58.7M	4.34%	0.11%	-2.1%	Q4 2019
PBAPembina Pipeline Corp	$57M	4.21%	0.26%	-12.3%	Q4 2019
EPDEnterprise Products Partners L.P.	$54.5M	4.03%	0.08%	-2.1%	Q4 2019
WESWestern Midstream Partners, LP	$52.9M	3.91%	0.33%	-1.4%	Q4 2020
LNGCheniere Energy, Inc.	$51.4M	3.80%	0.12%	-1.5%	Q4 2019
MUSAMurphy USA Inc.	$47.7M	3.53%	0.63%	+17.5%	Q2 2023
PAGPPlains GP Holdings LP	$46.6M	3.44%	1.23%	0.0%	Q4 2019
MPCMarathon Petroleum Corp	$45.8M	3.39%	0.09%	+0.3%	Q4 2019
WMBWilliams Companies, Inc.	$45.7M	3.38%	0.06%	+0.1%	Q4 2019
DTMDT Midstream, Inc.	$42.3M	3.13%	0.35%	+0.5%	Q2 2024
KMIKinder Morgan, Inc.	$40.8M	3.02%	0.07%	+0.8%	Q4 2019
SOBOSouth Bow Corp	$37.8M	2.79%	0.66%	-14.7%	Q4 2024
SUNSunoco LP	$35.6M	2.63%	Not reported	-27.4%	Q4 2019
PBFPBF Energy Inc.	$33.9M	2.51%	Not reported	-29.4%	Q3 2024
VNOMViper Energy, Inc.	$27.9M	2.06%	Not reported	+108.8%	Q2 2020
ENBEnbridge Inc	$22.2M	1.64%	0.02%	-0.3%	Q4 2019
BBarrick Mining Corp	$11.7M	0.87%	0.01%	0.0%	Q2 2025
NEMNEWMONT Corp	$9.46M	0.70%	0.01%	-0.8%	Q2 2020
XOMExxonMobil Holdings Corp	$6.91M	0.51%	0.00%	-0.7%	Q4 2019
CVXChevron Corp	$6.52M	0.48%	0.00%	-0.7%	Q2 2022
WLKWestlake Corp	$5.59M	0.41%	0.06%	+317.7%	Q4 2019
DOWDow Inc.	$5.05M	0.37%	0.03%	+664.0%	Q3 2022
FCXFreeport-Mcmoran Inc	$4.46M	0.33%	0.01%	-1.7%	Q4 2019
NTRNutrien Ltd.	$4.24M	0.31%	0.01%	Not reported	Q4 2019
COPConocophillips	$3.11M	0.23%	0.00%	Not reported	Q4 2019
MTDRMatador Resources Co	$2.85M	0.21%	0.05%	+58.0%	Q4 2024
NUENucor Corp	$2.64M	0.20%	0.01%	-2.9%	Q4 2019
LYBLyondellBasell Industries N.V.	$2.58M	0.19%	0.02%	New	Q4 2025
EMNEastman Chemical Co	$2.54M	0.19%	0.03%	New	Q4 2025
HUNHuntsman CORP	$2.46M	0.18%	0.14%	New	Q4 2025
VALEVale S.A.	$2.44M	0.18%	0.01%	+43.7%	Q4 2019
TECKTeck Resources Ltd	$2.32M	0.17%	Not reported	-16.7%	Q2 2022
RIORio Tinto PLC	$2.08M	0.15%	0.00%	+67.9%	Q4 2019
HALHalliburton Co	$2.05M	0.15%	0.01%	Not reported	Q2 2022
CNQCANADIAN NATURAL RESOURCES Ltd	$2.01M	0.15%	0.00%	Not reported	Q2 2022
AAAlcoa Corp	$1.86M	0.14%	0.01%	-34.4%	Q4 2019
FANGDiamondback Energy, Inc.	$1.77M	0.13%	0.00%	Not reported	Q4 2019
BHPBHP Group Ltd	$1.57M	0.12%	0.00%	-4.8%	Q4 2019
SHELShell plc	$1.47M	0.11%	0.00%	+1.0%	Q4 2022
PKXPosco Holdings Inc.	$1.33M	0.10%	0.03%	0.0%	Q4 2019
MOSMosaic Co	$1.25M	0.09%	0.02%	+108.6%	Q2 2022
ALBAlbemarle Corp	$1.09M	0.08%	0.01%	-49.3%	Q1 2025
DARDarling Ingredients Inc.	$1.09M	0.08%	0.02%	0.0%	Q4 2020
EXEEXPAND ENERGY Corp	$1.07M	0.08%	0.00%	Not reported	Q4 2024

Q3 2025Reported Nov 13, 202564 positions
CVECenovus Energy Inc.	$112M	8.62%	0.35%	+1.9%	Q4 2019
ETEnergy Transfer LP	$85.6M	6.56%	0.15%	+4.1%	Q4 2019
TRGPTarga Resources Corp.	$84.9M	6.51%	0.24%	+16.3%	Q4 2020
OKEOneok Inc	$81.4M	6.24%	0.18%	+17.6%	Q4 2019
SUSuncor Energy Inc	$75.8M	5.81%	0.14%	-0.2%	Q2 2020
PBAPembina Pipeline Corp	$69M	5.29%	0.29%	-8.2%	Q4 2019
PSXPhillips 66	$63.2M	4.84%	0.12%	-0.5%	Q4 2019
LNGCheniere Energy, Inc.	$63.1M	4.84%	0.12%	-13.8%	Q4 2019
EPDEnterprise Products Partners L.P.	$54.3M	4.17%	0.08%	-0.2%	Q4 2019
MPCMarathon Petroleum Corp	$54.1M	4.15%	0.09%	+0.1%	Q4 2019
PBFPBF Energy Inc.	$53.5M	4.10%	Not reported	-25.8%	Q3 2024
WESWestern Midstream Partners, LP	$53.3M	4.09%	0.36%	-0.1%	Q4 2020
WMBWilliams Companies, Inc.	$48.1M	3.69%	0.06%	-0.3%	Q4 2019
SUNSunoco LP	$46.7M	3.58%	Not reported	+0.1%	Q4 2019
SOBOSouth Bow Corp	$45.6M	3.49%	0.77%	+0.1%	Q4 2024
PAGPPlains GP Holdings LP	$44.4M	3.40%	1.23%	-10.0%	Q4 2019
KMIKinder Morgan, Inc.	$41.7M	3.20%	0.07%	-0.7%	Q4 2019
DTMDT Midstream, Inc.	$39.8M	3.05%	0.35%	+0.3%	Q2 2024
MUSAMurphy USA Inc.	$39.2M	3.00%	0.54%	+4972.5%	Q2 2023
ENBEnbridge Inc	$23.4M	1.80%	0.02%	+0.1%	Q4 2019
ARLPAlliance Resource Partners LP	$16.4M	1.25%	0.50%	-1.5%	Q3 2021
VNOMViper Energy, Inc.	$13.2M	1.01%	Not reported	+0.1%	Q2 2020
TRPTC Energy Corp	$12.4M	0.95%	Not reported	+1.0%	Q4 2019
BBarrick Mining Corp	$8.91M	0.68%	0.01%	+6.5%	Q2 2025
NEMNEWMONT Corp	$8.05M	0.62%	0.01%	Not reported	Q2 2020
CVXChevron Corp	$6.69M	0.51%	0.00%	+102.9%	Q2 2022
XOMExxonMobil Holdings Corp	$6.51M	0.50%	0.00%	0.0%	Q4 2019
NTRNutrien Ltd.	$4.09M	0.31%	0.01%	Not reported	Q4 2019
FCXFreeport-Mcmoran Inc	$3.5M	0.27%	0.01%	Not reported	Q4 2019
SEESealed Air Corp	$3.18M	0.24%	0.06%	Not reported	Q3 2024
COPConocophillips	$3.15M	0.24%	0.00%	Not reported	Q4 2019
TECKTeck Resources Ltd	$2.49M	0.19%	Not reported	Not reported	Q2 2022
NUENucor Corp	$2.26M	0.17%	0.01%	-20.9%	Q4 2019
VLOValero Energy Corp	$1.92M	0.15%	0.00%	-93.7%	Q2 2020
MTDRMatador Resources Co	$1.91M	0.15%	0.03%	0.0%	Q4 2024
CNQCANADIAN NATURAL RESOURCES Ltd	$1.89M	0.15%	0.00%	Not reported	Q2 2022
HALHalliburton Co	$1.78M	0.14%	0.01%	Not reported	Q2 2022
AAAlcoa Corp	$1.76M	0.13%	0.02%	Not reported	Q4 2019
FANGDiamondback Energy, Inc.	$1.68M	0.13%	0.00%	Not reported	Q4 2019
MTArcelorMittal	$1.64M	0.13%	0.01%	Not reported	Q2 2022
BHPBHP Group Ltd	$1.53M	0.12%	0.00%	Not reported	Q4 2019
VALEVale S.A.	$1.42M	0.11%	0.00%	+29.9%	Q4 2019
SHELShell plc	$1.41M	0.11%	0.00%	+1.0%	Q4 2022
WLKWestlake Corp	$1.4M	0.11%	0.01%	0.0%	Q4 2019
ALBAlbemarle Corp	$1.24M	0.09%	0.01%	-0.1%	Q1 2025
PKXPosco Holdings Inc.	$1.23M	0.09%	0.03%	Not reported	Q4 2019
EXEEXPAND ENERGY Corp	$1.03M	0.08%	0.00%	Not reported	Q4 2024
RIORio Tinto PLC	$1.02M	0.08%	0.00%	Not reported	Q4 2019
DARDarling Ingredients Inc.	$931K	0.07%	0.02%	-6.2%	Q4 2020
CCKCrown Holdings, Inc.	$909K	0.07%	0.01%	Not reported	Q4 2024

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