Recurrent Investment Advisors 13F annual report

Recurrent Investment Advisors is an investment fund managing more than $950 billion ran by Bradley Olsen. There are currently 51 companies in Mr. Olsen’s portfolio. The largest investments include Cenovus Inc and Energy Transfer L P, together worth $143 billion.

Limited to 30 biggest holdings

$950 billion Assets Under Management (AUM)

As of 7th August 2024, Recurrent Investment Advisors’s top holding is 3,674,210 shares of Cenovus Inc currently worth over $73.8 billion and making up 7.8% of the portfolio value. Relative to the number of outstanding shares of Cenovus Inc, Recurrent Investment Advisors owns more than approximately 0.1% of the company. In addition, the fund holds 4,241,638 shares of Energy Transfer L P worth $68.8 billion. The third-largest holding is Cheniere worth $63 billion and the next is Pembina Pipeline worth $59.7 billion, with 1,596,628 shares owned.

Currently, Recurrent Investment Advisors's portfolio is worth at least $950 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Recurrent Investment Advisors

The Recurrent Investment Advisors office and employees reside in Houston, Texas. According to the last 13-F report filed with the SEC, Bradley Olsen serves as the Co-Founder and Chief Compliance Officer at Recurrent Investment Advisors.

Recent trades

In the most recent 13F filing, Recurrent Investment Advisors revealed that it had opened a new position in Dt Midstream Inc and bought 298,703 shares worth $21.2 billion.

The investment fund also strengthened its position in Cenovus Inc by buying 641,526 additional shares. This makes their stake in Cenovus Inc total 3,674,210 shares worth $73.8 billion. Cenovus Inc dropped 2.8% in the past year.

On the other hand, there are companies that Recurrent Investment Advisors is getting rid of from its portfolio. Recurrent Investment Advisors closed its position in NextEra Partners LP on 14th August 2024. It sold the previously owned 7,000 shares for $211 million. Bradley Olsen also disclosed a decreased stake in Plains Gp Hldgs L P by approximately 0.1%. This leaves the value of the investment at $52.1 billion and 2,768,569 shares.

One of the average hedge funds

The two most similar investment funds to Recurrent Investment Advisors are Sonnipe Ltd and Fishman Jay A Ltd/mi. They manage $949 billion and $949 billion respectively.


Bradley Olsen investment strategy

Recurrent Investment Advisors’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Energy — making up 56.2% of the total portfolio value. The fund focuses on investments in the United States as 43.1% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 57% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $50.8 billion.

The complete list of Recurrent Investment Advisors trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Cenovus Energy Inc
21.15%
3,674,210
$73,752,314,000 7.76%
Energy Transfer L P
10.32%
4,241,638
$68,799,368,000 7.24%
Cheniere Energy Inc.
37.52%
360,245
$62,981,633,000 6.63%
Pembina Pipeline Corporation
12.36%
1,596,628
$59,654,406,000 6.28%
Suncor Energy, Inc.
1.91%
1,462,914
$56,734,292,000 5.97%
Oneok Inc.
15.40%
692,359
$56,461,877,000 5.94%
Western Midstream Partners L
2.30%
1,325,930
$52,679,199,000 5.55%
Plains Gp Hldgs L P
0.18%
2,768,569
$52,131,219,000 5.49%
Phillips 66
8.91%
332,590
$46,951,730,000 4.94%
Targa Res Corp
2.29%
363,465
$46,807,023,000 4.93%
Enterprise Prods Partners L
27.75%
1,554,379
$45,045,903,000 4.74%
Sunoco Lp/sunoco Fin Corp
226.44%
668,593
$37,802,248,000 3.98%
Kinder Morgan Inc
2.32%
1,899,136
$37,735,832,000 3.97%
Williams Cos Inc
1.27%
859,225
$36,517,063,000 3.84%
Viper Energy Inc
8.24%
812,743
$30,502,245,000 3.21%
Alliance Resource Partners L
4.93%
1,078,384
$26,377,273,000 2.78%
Marathon Pete Corp
14.17%
149,153
$25,875,062,000 2.72%
Valero Energy Corp.
11.18%
152,065
$23,837,709,000 2.51%
Equitrans Midstream Corporation
63.94%
1,687,238
$21,900,349,000 2.31%
Dt Midstream Inc
Opened
298,703
$21,216,874,000 2.23%
Enbridge Inc
17.02%
456,244
$16,237,573,000 1.71%
TC Energy Corporation
0.31%
183,595
$6,958,264,000 0.73%
Teck Resources Ltd
2.53%
83,366
$5,456,292,000 0.57%
Nutrien Ltd
2.75%
54,138
$3,768,238,000 0.40%
Alcoa Corp
2.85%
83,569
$3,324,375,000 0.35%
Shell Plc
98.85%
153,277
$2,169,754,000 0.23%
Freeport-McMoRan Inc
34.77%
43,070
$2,093,202,000 0.22%
Nucor Corp.
2.92%
13,188
$2,084,759,000 0.22%
Arcelormittal Sa Luxembourg
1.93%
94,537
$2,020,902,000 0.21%
Conocophillips
2.94%
16,367
$1,872,057,000 0.20%
Bhp Group Ltd
2.94%
29,699
$1,695,516,000 0.18%
Barrick Gold Corp.
2.77%
72,746
$1,656,067,000 0.17%
Dow Inc
2.54%
30,732
$1,630,333,000 0.17%
Westlake Corporation
2.74%
9,883
$1,431,256,000 0.15%
Newmont Corp
2.86%
30,224
$1,265,479,000 0.13%
Exxon Mobil Corp.
1.88%
10,615
$1,221,999,000 0.13%
Rio Tinto plc
2.85%
16,834
$1,109,866,000 0.12%
TotalEnergies SE
3.05%
16,502
$1,100,353,000 0.12%
WestRock Co
2.73%
18,485
$929,056,000 0.10%
Halliburton Co.
2.79%
27,435
$926,754,000 0.10%
FMC Corp.
2.80%
14,663
$843,856,000 0.09%
Darling Ingredients Inc
33.41%
22,089
$811,771,000 0.09%
Mosaic Co New
149.64%
27,041
$781,485,000 0.08%
International Paper Co.
2.74%
17,581
$758,620,000 0.08%
Weyerhaeuser Co Mtn Be
2.98%
26,072
$740,184,000 0.08%
POSCO Holdings Inc
2.96%
9,587
$630,249,000 0.07%
Cf Inds Hldgs Inc
Opened
8,424
$624,387,000 0.07%
BP plc
1.74%
116,022
$554,274,000 0.06%
Murphy USA Inc
No change
1,150
$539,879,000 0.06%
Vale S.A.
2.83%
42,754
$477,562,000 0.05%
Archer Daniels Midland Co.
2.53%
7,694
$465,102,000 0.05%
NextEra Energy Partners LP
Closed
7,000
$210,560,000
No transactions found
Showing first 500 out of 52 holdings