SL Advisors, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 15, 2026), SL Advisors, LLC reported 31 stock positions worth $57.2 million. Its top holding was Energy Transfer (ET) at 12.3% of the portfolio, followed by Nextdecade (NEXT, 11.9%) and Oneok (OKE, 8.1%). Compared with Q4 2024, it sold out of 4, added to 5 and reduced 18. The biggest buy was Oneok (OKE, shares +25%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −78%).
- Most Recent 13F
- Q2 2026
- Location
- NAPLES, FL
- CIK
- 0001680365
- Portfolio Value
- $57.2M (Q1 2025)
- SEC Filing
- 0001680365-26-000014 ↗ filed Apr 15, 2026
Holdings Value
Holdings 31 stocks · $57.2M
| ET Energy Transfer LP | 12.32% | 378,868 | $7.0M | No change |
| NEXT Nextdecade Corp. | 11.89% | 873,779 | $6.8M | Add +2.4% |
| OKE Oneok Inc. | 8.11% | 46,733 | $4.6M | Add +24.9% |
| LNG Cheniere Energy Inc. | 7.37% | 18,209 | $4.2M | No change |
| WMB Williams Cos Inc. | 7.21% | 68,949 | $4.1M | Reduce -0.4% |
| USAI Pacer Ame Energy Infr ETF-US | 6.71% | 93,315 | $3.8M | Reduce -3.4% |
| TRGP Targa Resources Corp. | 6.52% | 18,581 | $3.7M | Reduce -21.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.48% | 4,806 | $2.6M | Reduce -1.6% |
| EPD Enterprise Products Partners | 4.36% | 73,064 | $2.5M | No change |
| ENB Enbridge Inc. | 2.87% | 37,044 | $1.6M | Reduce -0.9% |
| TRP TC Energy Corp. | 2.46% | 29,849 | $1.4M | Reduce -0.5% |
| NFE New Fortress Energy Inc. | 2.41% | 165,799 | $1.4M | Add +150.7% |
| KMI Kinder Morgan Inc. | 2.37% | 47,472 | $1.4M | Reduce -0.8% |
| WM Waste Management Inc. | 2.31% | 7,718 | $1.3M | Add +147.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.10% | 2,144 | $1.2M | Reduce -78.5% |
| KNTK Kinetik Holdings Inc. | 1.99% | 21,927 | $1.1M | No change |
| PBA Pembina Pipeline Corp. | 1.86% | 26,577 | $1.1M | No change |
| RSG Republic Services Inc. | 1.77% | 4,177 | $1.0M | Reduce -3.3% |
| WES Western Midstream Partners L | 1.73% | 24,177 | $990K | No change |
| MPLX MPLX LP | 1.63% | 17,375 | $930K | No change |
| ADP Automatic Data Processing | 1.17% | 2,184 | $667K | Reduce -2.8% |
| LMT Lockheed Martin Corp. | 0.96% | 1,235 | $552K | Reduce -6.4% |
| MCD McDonald's Corp. | 0.86% | 1,583 | $494K | Reduce -3.1% |
| PAGP Plains GP Holdings LP | 0.80% | 21,282 | $455K | No change |
| XLP SS Consumer Staples Sel Sect | 0.69% | 4,851 | $396K | Add +0.0% |
| PG The Procter & Gamble Co. | 0.63% | 2,120 | $361K | Reduce -2.7% |
| ECL Ecolab Inc. | 0.57% | 1,288 | $327K | Reduce -4.2% |
| KO The Coca-Cola Co. | 0.49% | 3,872 | $277K | Reduce -3.1% |
| MKC McCormick & Co.-Non VTG SHRS | 0.48% | 3,338 | $275K | Reduce -6.4% |
| HSY The Hershey Co. | 0.47% | 1,567 | $268K | Reduce -3.6% |
| JNJ Johnson & Johnson | 0.40% | 1,392 | $231K | Reduce -15.0% |
Portfolio Sells Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -78.5% | 2.10% | −7.56 |
| ENLC Enlink Midstream LLC | Sold out | 0.00% | −1.57 |
| TRGP Targa Resources Corp. | Reduce -21.6% | 6.52% | −0.48 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.37 |
| QSR Restaurant Brands Intern | Sold out | 0.00% | −0.35 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.35 |
| LMT Lockheed Martin Corp. | Reduce -6.4% | 0.96% | −0.10 |
| JNJ Johnson & Johnson | Reduce -15.0% | 0.40% | +0.01 |
| HSY The Hershey Co. | Reduce -3.6% | 0.47% | +0.01 |
| PG The Procter & Gamble Co. | Reduce -2.7% | 0.63% | +0.03 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -6.4% | 0.48% | +0.03 |
| ECL Ecolab Inc. | Reduce -4.2% | 0.57% | +0.05 |
| KO The Coca-Cola Co. | Reduce -3.1% | 0.49% | +0.07 |
| ADP Automatic Data Processing | Reduce -2.8% | 1.17% | +0.08 |
| MCD McDonald's Corp. | Reduce -3.1% | 0.86% | +0.08 |
| TRP TC Energy Corp. | Reduce -0.5% | 2.46% | +0.16 |
| KMI Kinder Morgan Inc. | Reduce -0.8% | 2.37% | +0.20 |
| ENB Enbridge Inc. | Reduce -0.9% | 2.87% | +0.25 |
| RSG Republic Services Inc. | Reduce -3.3% | 1.77% | +0.33 |
| USAI Pacer Ame Energy Infr ETF-US | Reduce -3.4% | 6.71% | +0.35 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.6% | 4.48% | +0.82 |
| WMB Williams Cos Inc. | Reduce -0.4% | 7.21% | +1.01 |
Portfolio Buys Q4 2024 → Q1 2025
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 |