SL Advisors, LLC
SL Advisors, LLC reported 31 US-listed holdings worth $51.2 million in its 13F for the quarter ended 30 September 2026, filed 13 October 2026. Its largest: Energy Transfer LP (17.3%), Cheniere Energy, Inc. (9.0%) and Targa Resources Corp. (9.0%). Against the quarter before, it opened 1 position, added to 0, trimmed 25 and sold out of 2.
The 14 largest of its 31 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +18.0% over the 8 quarters to 30 September 2026, against +32.9% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 30 June 2026; a change under 0.1% of a position counts as held
Opened 1
- Prairie Oper Co. PROP$992,744
Trimmed 25
- NextDecade Corp. NEXT-109,523 shares · -13%
- Energy Transfer LP ET-25,000 shares · -5%
- Kinder Morgan, Inc. KMI-3,923 shares · -11%
- TC Energy Corporation TRP-1,689 shares · -7%
- Republic Services, Inc. RSG-412 shares · -14%
- Pembina Pipeline Corp PBA-1,858 shares · -9%
- Targa Resources Corp. TRGP-270 shares · -2%
- Cheniere Energy, Inc. LNG-200 shares · -1%
and 17 more in the table below
Sold out of 2
- ONEOK Inc. OKE$3.3 million last quarter
- Hershey Co. HSY$211,242 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Energy Transfer LP ET | 448.9K | $8.9 million | 17.32% | -25.0K |
| Cheniere Energy, Inc. LNG | 17.2K | $4.6 million | 9.04% | -200 |
| Targa Resources Corp. TRGP | 17.1K | $4.6 million | 9.01% | -270 |
| NextDecade Corp. NEXT | 715.9K | $4.5 million | 8.87% | -109.5K |
| Williams Companies, Inc. WMB | 63.8K | $4.3 million | 8.46% | -398 |
| Pacer FDS Trust USAI | 95.6K | $4.1 million | 8.09% | -222 |
| Enterprise Products Partners L.P. EPD | 71.4K | $2.5 million | 4.98% | no change |
| Kinetik Holdings Inc. KNTK | 34.0K | $1.7 million | 3.33% | -1.0K |
| Berkshire Hathaway Inc. Class B BRKB | 3.2K | $1.6 million | 3.13% | -76 |
| SPDR S&P 500 SPY | 1.9K | $1.5 million | 2.90% | no change |
| TC Energy Corporation TRP | 22.9K | $1.3 million | 2.58% | -1.7K |
| Enbridge Inc. ENB | 26.9K | $1.3 million | 2.47% | -980 |
| Western Midstream Partners, LP WES | 23.5K | $1.0 million | 2.03% | no change |
| Prairie Oper Co. PROP | 2.4M | $992,744 | 1.94% | new |
| Mplx LP MPLX | 17.1K | $963,973 | 1.88% | no change |
| Kinder Morgan, Inc. KMI | 30.9K | $931,092 | 1.82% | -3.9K |
| Pembina Pipeline Corp PBA | 18.3K | $815,948 | 1.59% | -1.9K |
| RTX Corp. RTX | 3.9K | $715,681 | 1.40% | -161 |
| South Bow Corp. SOBO | 20.8K | $687,580 | 1.34% | -470 |
| Republic Services, Inc. RSG | 2.5K | $526,774 | 1.03% | -412 |
| Waste Management Inc. WM | 2.3K | $462,491 | 0.90% | -167 |
| Select Sector SPDR Trust XLP | 4.9K | $392,070 | 0.77% | +2 |
| Plains GP Holdings LP PAGP | 15.1K | $390,676 | 0.76% | -366 |
| Lockheed Martin Corp. LMT | 757 | $385,502 | 0.75% | -54 |
| Ecolab Inc. ECL | 1.2K | $325,926 | 0.64% | -82 |
| Automatic Data Processing Inc. ADP | 1.1K | $281,543 | 0.55% | -95 |
| Merck & Co., Inc. MRK | 1.9K | $269,259 | 0.53% | -139 |
| Johnson & Johnson JNJ | 994 | $263,152 | 0.51% | -80 |
| Coca-Cola Co. KO | 3.0K | $260,048 | 0.51% | -188 |
| McDonald's Corp. MCD | 1.1K | $244,565 | 0.48% | -106 |
| Procter & Gamble Co. PG | 1.4K | $206,152 | 0.40% | -90 |