SL Advisors, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 15, 2026), SL Advisors, LLC reported 39 stock positions worth $50.8 million. Its top holding was Energy Transfer (ET) at 11.7% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 10.3%) and Nextdecade (NEXT, 7.7%). Compared with Q4 2023, it sold out of 2, added to 21 and reduced 9. The biggest buy was Nextdecade (NEXT, shares +34%) and the biggest sale an exit from Equitrans Midstream (ETRN).
- Most Recent 13F
- Q2 2026
- Location
- NAPLES, FL
- CIK
- 0001680365
- Portfolio Value
- $50.8M (Q1 2024)
- SEC Filing
- 0001680365-26-000010 ↗ filed Apr 15, 2026
Holdings Value
Holdings 39 stocks · $50.8M
| ET Energy Transfer LP | 11.65% | 376,197 | $5.9M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 10.34% | 10,042 | $5.3M | Reduce -6.9% |
| NEXT Nextdecade Corp. | 7.74% | 691,662 | $3.9M | Add +33.6% |
| OKE Oneok Inc. | 5.93% | 37,545 | $3.0M | Add +0.1% |
| USAI Pacer Ame Energy Infr ETF-US | 5.88% | 94,172 | $3.0M | Reduce -14.6% |
| LNG Cheniere Energy Inc. | 5.73% | 18,026 | $2.9M | No change |
| WMB Williams Cos Inc. | 5.34% | 69,535 | $2.7M | Add +0.1% |
| TRGP Targa Resources Corp. | 5.17% | 23,429 | $2.6M | No change |
| EPD Enterprise Products Partners | 4.14% | 72,056 | $2.1M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 4.13% | 4,982 | $2.1M | Add +0.1% |
| ENB Enbridge Inc. | 2.82% | 39,517 | $1.4M | Reduce -21.1% |
| NS Nustar Energy LP | 2.16% | 47,199 | $1.1M | No change |
| TRP TC Energy Corp. | 2.00% | 25,318 | $1.0M | Reduce -4.2% |
| PBA Pembina Pipeline Corp. | 1.82% | 26,087 | $922K | Reduce -1.5% |
| KMI Kinder Morgan Inc. | 1.80% | 49,776 | $913K | Reduce -3.5% |
| ENLC Enlink Midstream LLC | 1.78% | 66,324 | $905K | No change |
| RSG Republic Services Inc. | 1.77% | 4,693 | $898K | Add +1.0% |
| KNTK Kinetik Holdings Inc. | 1.68% | 21,432 | $854K | Add +123.0% |
| WES Western Midstream Partners L | 1.66% | 23,757 | $845K | Add +103.2% |
| WM Waste Management Inc. | 1.41% | 3,364 | $717K | Add +0.8% |
| MPLX MPLX LP | 1.40% | 17,050 | $709K | No change |
| LMT Lockheed Martin Corp. | 1.35% | 1,506 | $685K | Add +0.1% |
| ADP Automatic Data Processing | 1.17% | 2,383 | $595K | Add +0.2% |
| RTX RTX Corp. | 0.98% | 5,078 | $495K | No change |
| MCD McDonald's Corp. | 0.96% | 1,725 | $486K | Add +0.9% |
| XLP SS Consumer Staples Sel Sect | 0.95% | 6,297 | $481K | Reduce -9.5% |
| HSY The Hershey Co. | 0.86% | 2,236 | $435K | Reduce -8.4% |
| PG The Procter & Gamble Co. | 0.78% | 2,450 | $398K | Reduce -7.1% |
| JNJ Johnson & Johnson | 0.75% | 2,418 | $383K | Add +0.3% |
| PAGP Plains GP Holdings LP | 0.75% | 20,953 | $382K | No change |
| PEP Pepsico Inc. | 0.71% | 2,048 | $358K | Add +0.6% |
| ECL Ecolab Inc. | 0.63% | 1,376 | $318K | Add +3.0% |
| KO The Coca-Cola Co. | 0.62% | 5,127 | $314K | Add +0.8% |
| MKC McCormick & Co.-Non VTG SHRS | 0.60% | 3,995 | $307K | Add +1.2% |
| MRK Merck & Co. Inc. | 0.58% | 2,247 | $296K | Add +1.7% |
| LW Lamb Weston Holdings Inc. | 0.57% | 2,707 | $288K | Add +3.2% |
| QSR Restaurant Brands Intern | 0.57% | 3,628 | $288K | Add +1.2% |
| CLX Clorox Company | 0.44% | 1,472 | $225K | Add +0.8% |
| KDP Keurig Dr Pepper Inc. | 0.40% | 6,621 | $203K | Add +3.9% |
Portfolio Sells Q4 2023 → Q1 2024
| ETRN Equitrans Midstream Corp. | Sold out | 0.00% | −1.79 |
| ENB Enbridge Inc. | Reduce -21.1% | 2.82% | −1.07 |
| USAI Pacer Ame Energy Infr ETF-US | Reduce -14.6% | 5.88% | −0.95 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.9% | 10.34% | −0.68 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.48 |
| TRP TC Energy Corp. | Reduce -4.2% | 2.00% | −0.22 |
| KMI Kinder Morgan Inc. | Reduce -3.5% | 1.80% | −0.16 |
| PBA Pembina Pipeline Corp. | Reduce -1.5% | 1.82% | −0.15 |
| XLP SS Consumer Staples Sel Sect | Reduce -9.5% | 0.95% | −0.13 |
| HSY The Hershey Co. | Reduce -8.4% | 0.86% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -7.1% | 0.78% | −0.05 |
Portfolio Buys Q4 2023 → Q1 2024
| NEXT Nextdecade Corp. | Add +33.6% | 7.74% | +2.42 |
| KNTK Kinetik Holdings Inc. | Add +123.0% | 1.68% | +0.99 |
| WES Western Midstream Partners L | Add +103.2% | 1.66% | +0.93 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.1% | 4.13% | +0.31 |
| OKE Oneok Inc. | Add +0.1% | 5.93% | +0.26 |
| WMB Williams Cos Inc. | Add +0.1% | 5.34% | +0.13 |
| WM Waste Management Inc. | Add +0.8% | 1.41% | +0.13 |
| RSG Republic Services Inc. | Add +1.0% | 1.77% | +0.12 |
| MRK Merck & Co. Inc. | Add +1.7% | 0.58% | +0.07 |
| ECL Ecolab Inc. | Add +3.0% | 0.63% | +0.06 |
| MKC McCormick & Co.-Non VTG SHRS | Add +1.2% | 0.60% | +0.02 |
| CLX Clorox Company | Add +0.8% | 0.44% | −0.00 |
| ADP Automatic Data Processing | Add +0.2% | 1.17% | −0.02 |
| KO The Coca-Cola Co. | Add +0.8% | 0.62% | −0.03 |
| QSR Restaurant Brands Intern | Add +1.2% | 0.57% | −0.03 |
| PEP Pepsico Inc. | Add +0.6% | 0.71% | −0.04 |
| LW Lamb Weston Holdings Inc. | Add +3.2% | 0.57% | −0.04 |
| KDP Keurig Dr Pepper Inc. | Add +3.9% | 0.40% | −0.06 |
| JNJ Johnson & Johnson | Add +0.3% | 0.75% | −0.06 |
| LMT Lockheed Martin Corp. | Add +0.1% | 1.35% | −0.12 |
| MCD McDonald's Corp. | Add +0.9% | 0.96% | −0.13 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 32 | $57.2M | ET, NEXT, WMB, TRGP, USAI |
| Q1 2026 | 32 | $59.1M | ET, NEXT, LNG, WMB, USAI |
| Q4 2025Amended | 32 | $48.8M | ET, NEXT, WMB, USAI, LNG |
| Q3 2025Amended | 31 | $50.8M | ET, NEXT, WMB, LNG, USAI |
| Q2 2025Amended | 31 | $55.5M | NEXT, ET, LNG, WMB, OKE |
| Q1 2025Amended | 31 | $57.2M | ET, NEXT, OKE, LNG, WMB |
| Q4 2024Amended | 35 | $60.5M | ET, NEXT, SPY, TRGP, LNG |
| Q3 2024Amended | 47 | $55.6M | ET, SPY, NEXT, TRGP, OKE |
| Q2 2024Amended | 32 | $50.6M | NEXT, ET, SPY, USAI, LNG |
| Q1 2024Amended | 39 | $50.8M | ET, SPY, NEXT, OKE, USAI |