Recurrent Investment Advisors portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Recurrent Investment Advisors reported a $1.6 bn portfolio of 71 positions to the SEC as of the end of Q2 2026. Its largest positions are TRGP, CVE, ET. During the quarter it opened Mplx and Venture Global.
Sections with a free account
What changed this quarter
27 positions with a change (4 new, 13 added to, 10 trimmed). 9 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Mplx+1.8 ppof portfolioNew— → 1.9%
- Cenovus Energy−18%fewer sharesReduced9.6% → 7.6%
- Marathon Petroleum−53%fewer sharesReduced2.7% → 1.4%
- Enbridge+90%more sharesIncreased1.5% → 3.0%
- Venture Global+1.4 ppof portfolioNew— → 1.4%
- Viper Energy−53%fewer sharesReduced2.8% → 1.2%
- Suncor Energy−24%fewer sharesReduced6.1% → 3.9%
- Enterprise Products Partners+21%more sharesIncreased3.8% → 4.6%
- PBF Energy−27%fewer sharesReduced2.9% → 2.1%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Targa ResourcesTRGP7.8%
- Cenovus EnergyCVE7.6%
- Energy TransferET7.0%
- OneokOKE6.3%
- Kinder MorganKMI5.1%
- Murphy USAMUSA4.9%
- SunocoSUN4.8%
- Enterprise Products PartnersEPD4.6%
- Cheniere EnergyLNG4.5%
- Pembina PipelinePBA4.3%
- Phillips 66PSX4.2%
- Suncor EnergySU3.9%
- Williams CompaniesWMB3.5%
- DT MidstreamDTM3.2%
- Western Midstream PartnersWES3.1%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Energy 89%
- ● Materials 6%
- ● Consumer Discretionary 5%
- ● No sector 1%
How its portfolio changed (8 quarters)
Q2 2026: 71
Q2 2026: 57%
Q2 2026: 7.3%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Aug 13, 2026 (high confidence).
The data, as reported: RECURRENT INVESTMENT ADVISORS LLC (CRD 288694): Manages registered funds; 5.D assets by client type: registered funds 85%, pooled vehicles 8%, other 5% (of $1.4 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
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