SL Advisors, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 15, 2026), SL Advisors, LLC reported 32 stock positions worth $59.1 million. Its top holding was Energy Transfer (ET) at 13.9% of the portfolio, followed by Nextdecade (NEXT, 12.8%) and Cheniere Energy (LNG, 8.4%). Compared with Q4 2025, it added to 4 and reduced 20. The biggest buy was Nextdecade (NEXT, shares +7%) and the biggest sale Energy Transfer (ET, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- NAPLES, FL
- CIK
- 0001680365
- Portfolio Value
- $59.1M (Q1 2026)
- SEC Filing
- 0001680365-26-000018 ↗ filed Apr 15, 2026
Holdings Value
Holdings 32 stocks · $59.1M
| ET Energy Transfer LP | 13.88% | 424,978 | $8.2M | Reduce -4.1% |
| NEXT Nextdecade Corp. | 12.80% | 986,992 | $7.6M | Add +7.0% |
| LNG Cheniere Energy Inc. | 8.41% | 17,506 | $5.0M | Reduce -1.4% |
| WMB Williams Cos Inc. | 8.10% | 65,722 | $4.8M | Reduce -1.3% |
| USAI Pacer Ame Energy Infr ETF-US | 7.63% | 95,895 | $4.5M | No change |
| TRGP Targa Resources Corp. | 7.40% | 17,438 | $4.4M | Reduce -2.5% |
| OKE Oneok Inc. | 5.97% | 38,995 | $3.5M | Reduce -1.4% |
| EPD Enterprise Products Partners | 4.60% | 71,745 | $2.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 2.91% | 3,588 | $1.7M | Add +14.8% |
| KNTK Kinetik Holdings Inc. | 2.88% | 35,197 | $1.7M | Reduce -2.8% |
| TRP TC Energy Corp. | 2.62% | 24,735 | $1.5M | Reduce -0.4% |
| ENB Enbridge Inc. | 2.57% | 28,066 | $1.5M | Reduce -0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.36% | 2,147 | $1.4M | No change |
| KMI Kinder Morgan Inc. | 1.98% | 34,854 | $1.2M | Reduce -0.9% |
| MPLX MPLX LP | 1.66% | 17,229 | $983K | No change |
| WES Western Midstream Partners L | 1.64% | 23,602 | $972K | No change |
| PBA Pembina Pipeline Corp. | 1.54% | 20,294 | $908K | No change |
| RSG Republic Services Inc. | 1.44% | 3,892 | $852K | Reduce -1.2% |
| RTX RTX Corp. | 1.42% | 4,347 | $839K | Reduce -7.5% |
| SOBO South Bow Corp. | 1.20% | 21,318 | $710K | Reduce -0.1% |
| WM Waste Management Inc. | 1.09% | 2,797 | $643K | Reduce -1.4% |
| LMT Lockheed Martin Corp. | 0.74% | 724 | $438K | Reduce -18.0% |
| MCD McDonald's Corp. | 0.72% | 1,373 | $427K | Reduce -1.5% |
| XLP SS Consumer Staples Sel Sect | 0.67% | 4,860 | $398K | Add +0.0% |
| PAGP Plains GP Holdings LP | 0.64% | 15,565 | $378K | No change |
| ECL Ecolab Inc. | 0.57% | 1,269 | $338K | Reduce -1.7% |
| KO The Coca-Cola Co. | 0.45% | 3,529 | $268K | Add +6.9% |
| JNJ Johnson & Johnson | 0.44% | 1,074 | $263K | Reduce -2.6% |
| ADP Automatic Data Processing | 0.44% | 1,282 | $260K | Reduce -36.2% |
| HSY The Hershey Co. | 0.42% | 1,204 | $250K | Reduce -2.4% |
| MRK Merck & Co. Inc. | 0.41% | 1,992 | $240K | No change |
| PG The Procter & Gamble Co. | 0.37% | 1,509 | $218K | Reduce -2.1% |
Portfolio Sells Q4 2025 → Q1 2026
| ET Energy Transfer LP | Reduce -4.1% | 13.88% | −1.07 |
| ADP Automatic Data Processing | Reduce -36.2% | 0.44% | −0.62 |
| RTX RTX Corp. | Reduce -7.5% | 1.42% | −0.34 |
| RSG Republic Services Inc. | Reduce -1.2% | 1.44% | −0.27 |
| ENB Enbridge Inc. | Reduce -0.5% | 2.57% | −0.19 |
| WM Waste Management Inc. | Reduce -1.4% | 1.09% | −0.19 |
| TRP TC Energy Corp. | Reduce -0.4% | 2.62% | −0.17 |
| MCD McDonald's Corp. | Reduce -1.5% | 0.72% | −0.15 |
| LMT Lockheed Martin Corp. | Reduce -18.0% | 0.74% | −0.13 |
| ECL Ecolab Inc. | Reduce -1.7% | 0.57% | −0.12 |
| WMB Williams Cos Inc. | Reduce -1.3% | 8.10% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -2.1% | 0.37% | −0.08 |
| HSY The Hershey Co. | Reduce -2.4% | 0.42% | −0.04 |
| JNJ Johnson & Johnson | Reduce -2.6% | 0.44% | −0.02 |
| KMI Kinder Morgan Inc. | Reduce -0.9% | 1.98% | −0.00 |
| SOBO South Bow Corp. | Reduce -0.1% | 1.20% | +0.00 |
| OKE Oneok Inc. | Reduce -1.4% | 5.97% | +0.02 |
| KNTK Kinetik Holdings Inc. | Reduce -2.8% | 2.88% | +0.21 |
| TRGP Targa Resources Corp. | Reduce -2.5% | 7.40% | +0.64 |
| LNG Cheniere Energy Inc. | Reduce -1.4% | 8.41% | +1.34 |
Portfolio Buys Q4 2025 → Q1 2026
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 |