Recurrent Investment Advisors LLC
Recurrent Investment Advisors LLC is an employee-owned asset manager headquartered in Houston, Texas. The firm focuses on public equity investments in the natural resources and energy infrastructure sectors, managing over $1.2 billion in assets as of June 2025. Founded in 2020, the firm is relatively small, with approximately 6 employees, and caters primarily to institutional investors, pooled investment vehicles, and select high-net-worth clients. Recurrent aims to serve investors seeking exposure to commodity-oriented asset classes, particularly those that act as stores of value amid inflationary environments.
Investment Strategy
Recurrent Investment Advisors LLC specializes in public equity investments in the natural resources and energy infrastructure sectors. The firm focuses on commodity-oriented asset classes, aiming to provide clients with exposure to assets that are proven stores of value, especially during periods of inflation. Their approach emphasizes fundamental value, energy transition themes, and identifying durable businesses within commodity markets. Recurrent deploys a long-term, research-driven investment strategy and seeks to balance risk and return by concentrating on liquid, listed securities within the energy and natural resources space.
Latest 13F Filing Activity
Recurrent Investment Advisors LLC filed their most recent 13F report on Jun 30, 2025 disclosing 64 equity positions with a total 13F market value of $1B. The fund increased holdings in South Bow Corp., PBF Energy Inc., Marathon Pete Corp. among other positions. Recurrent Investment Advisors LLC reduced exposure to Alliance Resource Partners L, Cheniere Energy Inc., Kinder Morgan Inc. Del among others.
Top Holdings
Equity Positions (64)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C CVE | CENOVUS ENERGY INC | 7.13% | $88.1M | 6,300,950 | $13.88 | $13.60 | +$17.3M |
E ET | ENERGY TRANSFER L P | 7.03% | $86.9M | 4,792,806 | $11.82 | $18.13 | -$948.5K |
O OKE | ONEOK INC NEW | 6.27% | $77.4M | 948,758 | $76.52 | $81.63 | +$10.2M |
T TRGP | TARGA RES CORP | 6.14% | $75.9M | 435,891 | $72.02 | $174.08 | +$4.2M |
L LNG | CHENIERE ENERGY INC | 6.13% | $75.8M | 311,278 | $144.09 | $243.52 | -$10.4M |
Industry Allocation
Investment Team (3)
| Name | Role | Location | |
|---|---|---|---|
 | Co-Founder and Portfolio Manager | Houston, TX , United States | |
 | Client Portfolio Manager and Energy Specialist | Houston, TX , United States | |
 | Client Portfolio Manager | Houston, TX , United States |