1y return+31.0%S&P 500 +20.9%
3y return+81.6%S&P 500 +68.5%
5y return+139.0%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2020: $482 against $290 in the S&P 500.2
Recurrent Investment Advisors LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TRGPTarga Res Corp | $126.2M | 7.8% | |
| CVECenovus Energy Inc | $122.6M | 7.6% | −18.3% |
| ETEnergy Transfer L P | $113.5M | 7.0% | +6.7% |
| Oneok Inc NewCUSIP 682680103 | $100.8M | 6.3% | |
| KMIKinder Morgan Inc Del | $82.4M | 5.1% | +6.1% |
| MUSAMurphy Usa Inc | $78.6M | 4.9% | |
| SUNSunoco Lp/sunoco Fin Corp | $77.6M | 4.8% | +11.8% |
| EPDEnterprise Prods Partners L | $74.7M | 4.6% | +21.2% |
| LNGCheniere Energy Inc | $72.0M | 4.5% | |
| PBAPembina Pipeline Corp | $69.6M | 4.3% | |
| PSXPhillips 66 | $68.1M | 4.2% | −2.7% |
| SUSuncor Energy Inc New | $62.7M | 3.9% | −24.4% |
| WMBWilliams Cos Inc | $56.7M | 3.5% | |
| DTMDt Midstream Inc | $52.1M | 3.2% | |
| WESWestern Midstream Partners L | $49.6M | 3.1% | |
| ENBEnbridge Inc | $47.9M | 3.0% | +89.6% |
| PAGPPlains Gp Hldgs L P | $43.6M | 2.7% | −15.7% |
| SOBOSouth Bow Corp | $40.8M | 2.5% | |
| PBFPbf Energy Inc | $33.2M | 2.1% | −27.3% |
| MPLXMplx LP | $30.7M | 1.9% | New |
| VGVenture Global Inc | $22.5M | 1.4% | New |
| MPCMarathon Pete Corp | $21.9M | 1.4% | −52.6% |
| VNOMViper Energy Inc | $19.8M | 1.2% | −52.7% |
| BBarrick Mng Corp | $10.3M | 0.6% | |
| DOWDow Hldgs Inc | $10.0M | 0.6% | +9.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TRGPTarga Res Corp | December 31, 2020 | +916.5% | $126.2M |
| MPCMarathon Pete Corp | June 30, 2020 | +584.0% | $21.9M |
| FCXFreeport Mcmoran Inc | June 30, 2020 | +443.6% | $3.3M |
| NUENucor Corp | June 30, 2020 | +437.9% | $3.7M |
| CVECenovus Energy Inc | June 30, 2020 | +431.3% | $122.6M |
| LNGCheniere Energy Inc | June 30, 2020 | +394.6% | $72.0M |
| WMBWilliams Cos Inc | June 30, 2020 | +290.8% | $56.7M |
| SUSuncor Energy Inc New | June 30, 2020 | +218.4% | $62.7M |
| WESWestern Midstream Partners L | December 31, 2020 | +216.7% | $49.6M |
| Exxon Mobil CorpCUSIP 30231G102 | June 30, 2020 | +205.7% | $8.0M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −3.5% | +14.8% |
| March 31, 2026 | +29.8% | −4.6% |
| December 31, 2025 | −0.7% | +2.4% |
| September 30, 2025 | +5.4% | +7.8% |
| June 30, 2025 | −2.9% | +10.5% |
| March 31, 2025 | +4.0% | −4.6% |
| December 31, 2024 | +4.6% | +2.1% |
| September 30, 2024 | +1.6% | +5.4% |
| June 30, 2024 | +2.0% | +4.0% |
| March 31, 2024 | +14.3% | +10.0% |
| December 31, 2023 | +1.4% | +11.2% |
| September 30, 2023 | +9.1% | −3.6% |
| June 30, 2023 | −0.7% | +8.3% |
| March 31, 2023 | +0.1% | +7.0% |
| December 31, 2022 | +11.9% | +7.1% |
| September 30, 2022 | −0.4% | −5.3% |
| June 30, 2022 | −5.9% | −16.5% |
| March 31, 2022 | +25.8% | −4.9% |
| December 31, 2021 | +3.0% | +10.7% |
| September 30, 2021 | −2.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Recurrent Investment Advisors LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1803146&type=13F-HR&dateb=&owner=include&count=40CIK 1803146
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1803146/000142050626001686/Filed August 14, 2026 · accession 0001420506-26-001686