Fund Holdings

Recurrent Investment Advisors LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
CENOVUS ENERGY INC(CVE)6,363,5165,799,641-563,875111,061,729159,604,5449.61%+48,542,815
KINDER MORGAN INC DEL(KMI)1,485,4732,430,444+944,97140,835,65381,492,7884.91%+40,657,135
CHENIERE ENERGY INC(LNG)264,474300,074+35,60051,411,10185,149,0005.13%+33,737,899
SUNOCO LP/SUNOCO FIN CORP(SUN)678,6231,027,877+349,25435,566,63166,781,1674.02%+31,214,536
MURPHY USA INC(MUSA)118,606146,119+27,51347,749,15771,986,2954.33%+24,237,138
SUNCOR ENERGY INC NEW(SU)1,760,3881,515,161-245,22779,173,985101,939,0866.14%+22,765,101
TARGA RES CORP(TRGP)528,546471,801-56,74597,516,737118,294,6647.12%+20,777,927
ONEOK INC NEW(OKE)1,152,8061,156,034+3,22884,731,241104,493,9136.29%+19,762,672
ENERGY TRANSFER L P(ET)5,351,3555,562,381+211,02688,243,844107,353,9556.46%+19,110,111
VIPER ENERGY INC(VNOM)722,615989,318+266,70327,914,61746,488,0542.80%+18,573,437
PHILLIPS 66(PSX)454,741414,064-40,67758,679,77975,434,1804.54%+16,754,401
PBF ENERGY INC(PBF)1,250,9151,002,915-248,00033,924,81547,758,8122.87%+13,833,997
PEMBINA PIPELINE CORP(PBA)1,490,1431,494,250+4,10756,950,87667,187,0764.04%+10,236,200
WILLIAMS COS INC(WMB)760,627762,867+2,24045,721,28955,521,4623.34%+9,800,173
DOW HLDGS INC(DOW)215,916335,209+119,2935,048,11613,961,4410.84%+8,913,325
ENTERPRISE PRODS PARTNERS L(EPD)1,700,6501,675,483-25,16754,522,83963,400,2753.82%+8,877,436
WESTLAKE CORPORATION(WLK)75,633112,790+37,1575,592,30413,176,1270.79%+7,583,823
LYONDELLBASELL INDUSTRIES NV
SHS - A -
59,619125,488+65,8692,581,50310,109,3130.61%+7,527,810
DT MIDSTREAM INC(DTM)353,786355,156+1,37042,341,10847,828,8572.88%+5,487,749
PLAINS GP HLDGS L P(PAGP)2,432,7972,124,947-307,85046,587,21351,369,1773.09%+4,781,964
HUNTSMAN CORP(HUN)246,276535,914+289,6382,462,7607,133,0220.43%+4,670,262
EASTMAN CHEM CO(EMN)39,83187,136+47,3052,542,4136,650,2190.40%+4,107,806
ENBRIDGE INC(ENB)463,219465,619+2,40022,156,38525,207,9701.52%+3,051,585
EXXON MOBIL CORP57,40058,300+9006,907,5169,891,1780.60%+2,983,662
CHEVRON CORPORATION(CVX)42,76343,163+4006,517,5098,930,4240.54%+2,412,915
MATADOR RES CO(MTDR)67,24676,996+9,7502,853,9204,864,6080.29%+2,010,688
CONOCOPHILLIPS(COP)33,27233,972+7003,114,5924,484,3040.27%+1,369,712
NUTRIEN LTD(NTR)50,06052,360+2,3004,237,5875,493,8320.33%+1,256,245
NEWMONT CORP(NEM)94,74597,245+2,5009,460,28810,526,7720.63%+1,066,484
SOUTH BOW CORP(SOBO)1,370,6351,161,016-209,61937,787,06838,681,9792.33%+894,911
CANADIAN NAT RES LTD MED TER(CNQ)59,24259,24202,005,3422,886,8630.17%+881,521
HALLIBURTON CO(HAL)72,44873,648+1,2002,047,3802,871,5360.17%+824,156
VALE S A187,430196,130+8,7002,442,2133,120,4280.19%+678,215
DARLING INGREDIENTS INC(DAR)30,16527,265-2,9001,085,9401,686,3400.10%+600,400
SMURFIT WESTROCK PLC(SW)12,22126,095+13,874472,5861,039,8860.06%+567,300
DIAMONDBACK ENERGY INC(FANG)11,75611,75601,767,2792,325,2190.14%+557,940
SHELL PLC(SHEL)53,64156,141+2,5001,473,3122,013,6920.12%+540,380
CF INDUSTRIES HOLD(CF)7,7638,163+400600,3901,059,8840.06%+459,494
INTERNATIONAL PAPER CO(IP)13,99028,266+14,276551,0661,009,0960.06%+458,030
RIO TINTO PLC(RIO)26,04727,247+1,2002,084,5412,541,8730.15%+457,332
TOTALENERGIES SE(TTE)14,98815,824+836833,1831,280,3200.08%+447,137
SUNOCOCORP LLC(SUNC)10,80015,380+4,580532,224948,1770.06%+415,953
BHP BILLITON LIMITED26,07127,271+1,2001,573,9061,983,6920.12%+409,786
TECK RESOURCES LTD(TECK)39,29440,394+1,1002,321,1952,614,5660.16%+293,371
CRH PLC
ORD
6,1929,402+3,210772,762988,3390.06%+215,577
TC ENERGY CORP(TRP)12,55514,455+1,900690,651904,8830.05%+214,232
EOG RES INC(EOG)4,6374,6370486,931670,3710.04%+183,440
NUCOR CORP(NUE)16,21516,615+4002,644,8292,809,5970.17%+164,768
KINETIK HOLDINGS INC(KNTK)11,70011,7000421,785566,3970.03%+144,612
MOSAIC CO(MOS)52,04754,447+2,4001,253,8121,388,3990.08%+134,587
POSCO HOLDINGS INC(PKX)24,96024,96001,328,1221,459,9110.09%+131,789
ARCHER DANIELS MIDLAND CO7,0967,396+300407,949537,6150.03%+129,666
CAMECO CORP(CCJ)6,7576,7570618,198733,8780.04%+115,680
ARCELORMITTAL SA LUXEMBOURG(MT)14,66915,403+734574,085676,1140.04%+102,029
WEYERHAEUSER CO(WY)24,04425,144+1,100569,602614,2680.04%+44,666
ALBEMARLE CORP(ALB)7,7386,283-1,4551,094,4631,127,9870.07%+33,524
EXPAND ENERGY CORPORATION(EXE)9,6899,68901,069,2781,063,6580.06%-5,620
CROWN HLDGS INC(CCK)9,4069,4060968,536942,9510.06%-25,585
MARTIN MARIETTA MATLS INC(MLM)1,0081,0080627,641593,3890.04%-34,252
VISTRA CORP(VST)4,0322,822-1,210650,483424,2310.03%-226,252
ANTERO MIDSTREAM CORP(AM)15,0000-15,000266,8500-266,850
CONSTELLATION ENERGY CORP(CEG)1,9191,311-608677,925366,0970.02%-311,828
BARRICK MNG CORP(B)229,715234,761+5,04611,732,60911,366,3020.68%-366,307
VALERO ENERGY CORP(VLO)6,0352,251-3,784982,438556,1770.03%-426,261
BP PLC(BP)118,3880-118,388514,2070-514,207
SEALED AIR CORP NEW13,3500-13,350553,0910-553,091
ALCOA CORP(AA)35,03215,130-19,9021,861,6001,003,5730.06%-858,027
FREEPORT MCMORAN INC(FCX)87,72052,517-35,2034,455,2993,086,9500.19%-1,368,349
MARATHON PETE CORP(MPC)281,631180,958-100,67345,801,65044,186,3242.66%-1,615,326
WESTERN MIDSTREAM PARTNERS L(WES)1,338,6541,134,758-203,89652,876,83346,717,9872.81%-6,158,846
KEYCORP(KEY)1,920,9570-1,920,95784,522,1080-84,522,108
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