Q2 2026 13F · SEC CIK 1803146

Recurrent Investment Advisors LLC

Mutual fund managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.6B
Reported positions: 71
Top holdings a year, 3 yrs: +29.1%
Assets under management: $1.4B

Recurrent Investment Advisors LLC is a mutual fund manager that reported 71 positions worth $1.6B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Targa Res Corp (TRGP, 7.8%), Cenovus Energy Inc (CVE, 7.6%), Energy Transfer L P (ETPC, 7.0%). A portfolio copying its top holdings returned 29.1% a year over the last 3 years, against 22.3% for the S&P 500.

Recurrent Investment Advisors LLC holdings largest 50 of 71 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Recurrent Investment Advisors LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
TRGPTarga Res Corp	7.8%	7.1%	470,637	-0.2%	$126.2M
CVECenovus Energy Inc	7.6%	9.6%	4,739,325	-18.3%	$122.6M
ETPCEnergy Transfer L P	7.0%	6.5%	5,935,394	+6.7%	$113.5M
OKEOneok Inc New	6.3%	6.3%	1,159,957	+0.3%	$100.8M
KMIKinder Morgan Inc Del	5.1%	4.9%	2,578,529	+6.1%	$82.4M
MUSAMurphy USA Inc	4.9%	4.3%	146,263	+0.1%	$78.6M
SUNSunoco Lp/sunoco Fin Corp	4.8%	4.0%	1,149,434	+11.8%	$77.6M
EPDEnterprise Prods Partners L	4.6%	3.8%	2,031,416	+21.2%	$74.7M
LNGCheniere Energy Inc	4.5%	5.1%	301,353	+0.4%	$72.0M
PBAPembina Pipeline Corp	4.3%	4.0%	1,498,252	+0.3%	$69.6M
PSXPhillips 66	4.2%	4.5%	403,016	-2.7%	$68.1M
SUSuncor Energy Inc New	3.9%	6.1%	1,145,921	-24.4%	$62.7M
WMBWilliams Cos	3.5%	3.3%	762,867	+0.0%	$56.7M
DTMDt Midstream Inc	3.2%	2.9%	355,154	-0.0%	$52.1M
WESWestern Midstream Partners LP	3.1%	2.8%	1,133,291	-0.1%	$49.6M
ENBEnbridge Inc	3.0%	1.5%	882,892	+89.6%	$47.9M
PAGPPlains Gp Hldgs L P	2.7%	3.1%	1,791,325	-15.7%	$43.6M
SOBOSouth Bow Corp	2.5%	2.3%	1,158,738	-0.2%	$40.8M
PBFPbf Energy Inc	2.1%	2.9%	729,534	-27.3%	$33.2M
MPLXMplx LP	1.9%	—	544,714	—	$30.7M
VGVenture Global Inc	1.4%	—	2,025,792	—	$22.5M
MPCMarathon Petroleum	1.4%	2.7%	85,799	-52.6%	$21.9M
VNOMViper Energy Inc	1.2%	2.8%	468,061	-52.7%	$19.8M
BBarrick Mng Corp	0.6%	0.7%	234,844	+0.0%	$10.3M
DOWDow Hldgs Inc	0.6%	0.8%	365,815	+9.1%	$10.0M
WLKWestlake Corp	0.6%	0.8%	128,771	+14.2%	$9.4M
EMNEastman Chem Co	0.6%	0.4%	135,851	+55.9%	$9.1M
NEMNewmont Corp	0.6%	0.6%	97,245	+0.0%	$9.1M
HUNHuntsman Corp	0.5%	0.4%	792,476	+47.9%	$8.4M
XOMExxon Mobil Corp	0.5%	0.6%	58,314	+0.0%	$8.0M
LYBLyondellbasell Industries NV	0.5%	0.6%	144,709	+15.3%	$7.6M
CVXChevron Corporation	0.4%	0.5%	43,165	+0.0%	$7.2M
NTRNutrien Ltd	0.3%	0.3%	52,357	-0.0%	$4.7M
KGCKinross Gold Corp	0.2%	—	147,739	—	$3.9M
MTDRMatador Resources Co.	0.2%	0.3%	77,047	+0.1%	$3.8M
NUENucor Corp	0.2%	0.2%	16,621	+0.0%	$3.7M
COPConocophillips	0.2%	0.3%	33,972	+0.0%	$3.5M
FCXFreeport Mcmoran Inc	0.2%	0.2%	52,486	-0.1%	$3.3M
TECKTeck Resources Ltd	0.2%	0.2%	40,394	+0.0%	$3.0M
VALEVale S A	0.2%	0.2%	196,192	+0.0%	$3.0M
RIORio Tinto PLC	0.2%	0.2%	27,245	-0.0%	$2.6M
HALHalliburton Co	0.2%	0.2%	73,663	+0.0%	$2.5M
CNQCanadian Nat Res Ltd Med Ter	0.1%	0.2%	59,242	+0.0%	$2.3M
BHPBhp Billiton Limited	0.1%	0.1%	27,262	-0.0%	$2.3M
FANGDiamondback Energy Inc	0.1%	0.1%	11,756	+0.0%	$2.1M
SUNCSunococorp LLC	0.1%	—	26,080	—	$1.8M
SHELShell PLC	0.1%	0.1%	56,587	+0.8%	$1.7M
DARDarling Ingredients Inc	0.1%	0.1%	27,265	+0.0%	$1.5M
CRHCrh PLC	0.1%	—	13,549	—	$1.4M
EXEExpand Energy Corporation	0.1%	0.1%	15,646	+61.5%	$1.4M

What Recurrent Investment Advisors LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

ENB Enbridge Inc+89.6% shares
EXE Expand Energy Corporation+61.5% shares
EMN Eastman Chem Co+55.9% shares
HUN Huntsman Corp+47.9% shares
EPD Enterprise Prods Partners L+21.2% shares
LYB Lyondellbasell Industries NV+15.3% shares
WLK Westlake Corp+14.2% shares
SUN Sunoco Lp/sunoco Fin Corp+11.8% shares

Reduced

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +57.3% /yr; S&P 500 +11.7%
3 years: +29.1% /yr; S&P 500 +22.3%
5 years: +23.0% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.6B	71
Q1 2026	$1.7B	67
Q4 2025	$1.4B	71
Q3 2025	$1.3B	64
Q2 2025	$1.2B	64
Q1 2025	$1.2B	65
Q4 2024	$1.1B	65
Q3 2024	$1.0B	54
Q2 2024	$949.9M	51
Q1 2024	$862.5M	50
Q4 2023	$681.7M	44
Q3 2023	$681.0M	51

Questions about Recurrent Investment Advisors LLC's portfolio

What stocks does Recurrent Investment Advisors LLC own?

Recurrent Investment Advisors LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 71 positions worth $1.6B. The largest are Targa Res Corp (TRGP) at 7.8%, Cenovus Energy Inc (CVE) at 7.6%, Energy Transfer L P (ETPC) at 7.0%, Oneok Inc New (OKE) at 6.3% and Kinder Morgan Inc Del (KMI) at 5.1%.

What did Recurrent Investment Advisors LLC buy last quarter?

In Q2 2026, Recurrent Investment Advisors LLC added Enbridge Inc (ENB) (+89.6% shares), Expand Energy Corporation (EXE) (+61.5% shares) and Eastman Chem Co (EMN) (+55.9% shares), compared with its Q1 2026 filing.

What did Recurrent Investment Advisors LLC sell last quarter?

In Q2 2026, Recurrent Investment Advisors LLC cut from its top 50 Posco Holdings Inc (PKX), cut from its top 50 Mosaic Co (MOS), cut from its top 50 Totalenergies SE (TTE), cut from its top 50 Albemarle Corp (ALB), cut from its top 50 Cf Industries Hold (CF), Viper Energy Inc (VNOM) (-52.7% shares), Marathon Petroleum (MPC) (-52.6% shares) and Pbf Energy Inc (PBF) (-27.3% shares), compared with its Q1 2026 filing.

How has Recurrent Investment Advisors LLC's portfolio performed?

A portfolio copying Recurrent Investment Advisors LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +29.1% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +57.3% against +11.7%. Over 5 years: +23.0% a year against +10.6%.

When is Recurrent Investment Advisors LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Recurrent Investment Advisors LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Recurrent Investment Advisors LLC manage?

Recurrent Investment Advisors LLC reported $1.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.6B.