Recurrent Investment Advisors LLC
SEC Form 13F institutional filer · CIK 0001803146
13F-HR · 31 reported holdings · 2026-03-31
Reported long-US-equity value
$0.56B
Top-10 concentration
93.5%
Recurrent Investment Advisors LLC — $560M AUM allocation strategy
Recurrent Investment Advisors LLC files SEC Form 13F and reports $560M of long US equity value across 31 reported holdings for 2026-03-31.
Its largest sector bet is Energy 90.8%, followed by Materials 7.9%.
The top 10 holdings account for 93% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Recurrent Investment Advisors LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$560M
total across 31 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
93% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$KMI +945K sh · +$40.7M+$DOW +119K sh · +$8.91M+$LYB +65.9K sh · +$7.53M
Biggest trims (shares)
−$MPC −101K sh · −$1.62M−$TRGP −56.7K sh · +$20.8M−$PSX −40.7K sh · +$16.8M
Added from nil (new positions)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Oil & Gas Storage & Transportation64.2%—
- Oil & Gas Refining & Marketing21.3%—
- Integrated Oil & Gas3.4%—
- Commodity Chemicals2.5%—
- Specialty Chemicals2.0%—
- Gold1.9%—
- Oil & Gas Exploration & Production1.4%—
- Copper0.6%—
- Other holdings2.8%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $TRGP | Targa Resources Inc | 472K | $118M | -56.7K | 21.1% |
| $OKE | ONEOK Inc | 1.16M | $104M | +3.23K | 18.6% |
| $KMI | Kinder Morgan Inc | 2.43M | $81.5M | +945K | 14.5% |
| $PSX | Phillips 66 | 414K | $75.4M | -40.7K | 13.5% |
| $WMB | Williams Companies Inc | 763K | $55.5M | +2.24K | 9.9% |
| $MPC | Marathon Petroleum Corporation | 181K | $44.2M | -101K | 7.9% |
| $DOW | Dow Inc | 335K | $14M | +119K | 2.5% |
| $NEM | Newmont Corporation | 97.2K | $10.5M | +2.5K | 1.9% |
| $LYB | LyondellBasell Industries NV Ordinary Shares Class A | 125K | $10.1M | +65.9K | 1.8% |
| $XOM | ExxonMobil Holdings Corporation | 58.3K | $9.89M | +900 | 1.8% |
…and 21 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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