SL Advisors, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed April 15, 2026), SL Advisors, LLC reported 35 stock positions worth $60.5 million. Its top holding was Energy Transfer (ET) at 12.3% of the portfolio, followed by Nextdecade (NEXT, 10.9%) and SS SPDR S&P 500 ETF Trust-US (SPY, 9.7%). Compared with Q3 2024, it opened 1 new position, sold out of 13, added to 2 and reduced 23. The biggest buy was Nextdecade (NEXT, shares +4%) and the biggest sale an exit from RTX (RTX).
- Most Recent 13F
- Q2 2026
- Location
- NAPLES, FL
- CIK
- 0001680365
- Portfolio Value
- $60.5M (Q4 2024)
- SEC Filing
- 0001680365-26-000013 ↗ filed Apr 15, 2026
Holdings Value
Holdings 35 stocks · $60.5M
| ET Energy Transfer LP | 12.27% | 378,868 | $7.4M | Reduce -0.1% |
| NEXT Nextdecade Corp. | 10.88% | 853,529 | $6.6M | Add +3.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 9.66% | 9,969 | $5.8M | No change |
| TRGP Targa Resources Corp. | 6.99% | 23,686 | $4.2M | Reduce -0.4% |
| LNG Cheniere Energy Inc. | 6.47% | 18,209 | $3.9M | No change |
| USAI Pacer Ame Energy Infr ETF-US | 6.36% | 96,615 | $3.8M | Add +0.9% |
| OKE Oneok Inc. | 6.21% | 37,405 | $3.8M | Reduce -1.0% |
| WMB Williams Cos Inc. | 6.19% | 69,209 | $3.7M | Reduce -1.1% |
| EPD Enterprise Products Partners | 3.79% | 73,064 | $2.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 3.66% | 4,884 | $2.2M | Reduce -0.7% |
| ENB Enbridge Inc. | 2.62% | 37,368 | $1.6M | Reduce -3.8% |
| TRP TC Energy Corp. | 2.31% | 30,011 | $1.4M | Reduce -0.5% |
| KMI Kinder Morgan Inc. | 2.17% | 47,881 | $1.3M | Reduce -0.9% |
| KNTK Kinetik Holdings Inc. | 2.06% | 21,927 | $1.2M | No change |
| NFE New Fortress Energy Inc. | 1.65% | 66,143 | $1.0M | New |
| PBA Pembina Pipeline Corp. | 1.62% | 26,577 | $982K | No change |
| ENLC Enlink Midstream LLC | 1.57% | 67,260 | $952K | No change |
| WES Western Midstream Partners L | 1.54% | 24,177 | $929K | No change |
| RSG Republic Services Inc. | 1.44% | 4,320 | $869K | Reduce -3.3% |
| MPLX MPLX LP | 1.38% | 17,375 | $832K | No change |
| ADP Automatic Data Processing | 1.09% | 2,246 | $657K | Reduce -2.7% |
| LMT Lockheed Martin Corp. | 1.06% | 1,320 | $641K | Reduce -2.6% |
| WM Waste Management Inc. | 1.04% | 3,125 | $631K | Reduce -3.4% |
| MCD McDonald's Corp. | 0.78% | 1,634 | $474K | Reduce -3.0% |
| PAGP Plains GP Holdings LP | 0.65% | 21,282 | $391K | No change |
| XLP SS Consumer Staples Sel Sect | 0.63% | 4,849 | $381K | Reduce -12.0% |
| PG The Procter & Gamble Co. | 0.60% | 2,179 | $365K | Reduce -6.1% |
| ECL Ecolab Inc. | 0.52% | 1,344 | $315K | Reduce -4.0% |
| HSY The Hershey Co. | 0.46% | 1,626 | $275K | Reduce -6.9% |
| MKC McCormick & Co.-Non VTG SHRS | 0.45% | 3,566 | $272K | Reduce -3.9% |
| KO The Coca-Cola Co. | 0.41% | 3,995 | $249K | Reduce -5.1% |
| JNJ Johnson & Johnson | 0.39% | 1,638 | $237K | Reduce -18.8% |
| PEP Pepsico Inc. | 0.37% | 1,489 | $226K | Reduce -8.3% |
| QSR Restaurant Brands Intern | 0.35% | 3,242 | $211K | Reduce -5.0% |
| MRK Merck & Co. Inc. | 0.35% | 2,105 | $209K | Reduce -6.3% |
Portfolio Sells Q3 2024 → Q4 2024
| RTX RTX Corp. | Sold out | 0.00% | −1.07 |
| MLXIX Catalyst Energy Infrast-I | Sold out | 0.00% | −0.63 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.7% | 3.66% | −0.41 |
| LMT Lockheed Martin Corp. | Reduce -2.6% | 1.06% | −0.37 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.35 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.34 |
| CLX Clorox Company | Sold out | 0.00% | −0.34 |
| UL Unilever PLC | Sold out | 0.00% | −0.30 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.29 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.28 |
| BUD Anheuser-Busch Inbev-SPN ADR | Sold out | 0.00% | −0.28 |
| TRP TC Energy Corp. | Reduce -0.5% | 2.31% | −0.27 |
| LW Lamb Weston Holdings Inc. | Sold out | 0.00% | −0.26 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.26 |
| SJM The JM Smucker Co. | Sold out | 0.00% | −0.24 |
| ENB Enbridge Inc. | Reduce -3.8% | 2.62% | −0.22 |
| JNJ Johnson & Johnson | Reduce -18.8% | 0.39% | −0.20 |
| XLP SS Consumer Staples Sel Sect | Reduce -12.0% | 0.63% | −0.19 |
| RSG Republic Services Inc. | Reduce -3.3% | 1.44% | −0.18 |
| CAG Conagra Brands Inc. | Sold out | 0.00% | −0.17 |
| WM Waste Management Inc. | Reduce -3.4% | 1.04% | −0.17 |
| HSY The Hershey Co. | Reduce -6.9% | 0.46% | −0.15 |
| MCD McDonald's Corp. | Reduce -3.0% | 0.78% | −0.14 |
| KO The Coca-Cola Co. | Reduce -5.1% | 0.41% | −0.13 |
| ECL Ecolab Inc. | Reduce -4.0% | 0.52% | −0.12 |
| PEP Pepsico Inc. | Reduce -8.3% | 0.37% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -6.1% | 0.60% | −0.12 |
| MRK Merck & Co. Inc. | Reduce -6.3% | 0.35% | −0.11 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -3.9% | 0.45% | −0.10 |
| QSR Restaurant Brands Intern | Reduce -5.0% | 0.35% | −0.09 |
| ADP Automatic Data Processing | Reduce -2.7% | 1.09% | −0.06 |
| OKE Oneok Inc. | Reduce -1.0% | 6.21% | +0.01 |
| KMI Kinder Morgan Inc. | Reduce -0.9% | 2.17% | +0.25 |
| WMB Williams Cos Inc. | Reduce -1.1% | 6.19% | +0.44 |
| TRGP Targa Resources Corp. | Reduce -0.4% | 6.99% | +0.65 |
| ET Energy Transfer LP | Reduce -0.1% | 12.27% | +1.31 |
Portfolio Buys Q3 2024 → Q4 2024
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 |