Managers / Q4 2023 · view latest →

PIN OAK INVESTMENT ADVISORS INC

CIK 0001094584 · 510 BERING, SUITE 100, HOUSTON, TX, 77057 · 7138718300

Reported Value

$99M

Q4 2023

Positions

463

Filings on Record

2019–present window

Filed

Feb 14, 2024

original filing

Summary

Pin Oak Investment Advisors Inc reported $99M in U.S.-listed holdings across 463 positions for Q4 2023.

Its largest position, KRP, represents 9.7% of the portfolio.

Compared with Q3 2023, the fund opened 19 new positions and exited 27.

Portfolio Metrics

Turnover

+4.4%

vs prior filed quarter

Top-10 Concentration

+43.9%

share of reported value

Largest Position

+9.7%

Kimbell Royalty Partners

New / Exited

19 / 27

positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value

Portfolio Composition

By security type

Common Stock · 59.2% · $58M
Unit · 9.7% · $10M
ETP · 9.3% · $9M
MLP · 7.8% · $8M
Ltd Part · 5.7% · $6M
Other · 8.4% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
TXO TXO Partners LP	NEW	+239.0K	239.0K	+$4M	$4M
HHH Howard Hughes Holdings Inc	NEW	+34.1K	34.1K	+$3M	$3M
MSP Recovery Inc Class A	NEW	+47.6K	47.6K	+$108,000	$108,000
ELV Elevance Health Inc	NEW	+59	59	+$28,000	$28,000
MARA Marathon Digital HLDGS I	NEW	+900	900	+$21,000	$21,000
CSX CSX Corp	NEW	+600	600	+$21,000	$21,000
SO Southern Company (so)	NEW	+300	300	+$21,000	$21,000
EQIX Equinix, Inc.	NEW	+22	22	+$18,000	$18,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

457 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	KRP Kimbell Royalty Partners LP history →	LTD PARTN	9.66%	$10M	633.4K
2	AAPL Apple Inc history →	COM	5.90%	$6M	30.3K
3	NOG Northern Oil And Gas history →	COM	4.81%	$5M	126.6K
4	TXO TXO Partners LP history →	LTD PARTN	4.40%	$4M	239.0K
5	EPD Enterprise Prods Part LP history →	LTD PARTN	3.97%	$4M	148.8K
6	ET Energy Transfer Partn LP history →	COM	3.60%	$4M	257.2K
7	GOOGL Alphabet Inc. Class A	CL A · CL C	3.04%	$3M	21.4K
8	HHH Howard Hughes Holdings Inc history →	COM	2.95%	$3M	34.1K
9	EOG Eog Resources Inc history →	COM	2.90%	$3M	23.7K
10	EXMOC Exxon Mobil Corp history →	COM	2.68%	$3M	26.4K
11	SPY SPDR S&P 500 ETF history →	ETF	2.02%	$2M	4.2K
12	CVX Chevron Corp history →	COM	2.01%	$2M	13.3K
13	Liberty Media Corp	COM	1.80%	$2M	58.5K
14	OKE Oneok Inc history →	COM	1.78%	$2M	24.9K
15	MSFT Microsoft Corp history →	COM	1.72%	$2M	4.5K
16	BRK/B Berkshire Hathaway Class B history →	CL B	1.54%	$2M	4.2K
17	PAGP Plains GP HLDGS history →	LTD PARTN	1.25%	$1M	77.6K
18	IWF iShares Russell 1000 Growth ETF history →	ETF	1.25%	$1M	4.1K
19	IBKR Interactive Brokers Class A history →	COM	1.18%	$1M	14.1K
20	GLD SPDR Gold Shares ETF history →	COM	1.10%	$1M	5.7K
21	Pioneer Natural Res	COM	1.06%	$1M	4.7K
22	JNJ Johnson & Johnson	COM	0.99%	$979,000	6.2K
23	WMT WalMart Inc	COM	0.99%	$975,000	6.2K
24	HAL Halliburton Co HLDG	COM	0.90%	$893,000	24.7K
25	PFE Pfizer Inc	COM	0.86%	$851,000	29.5K
26	HIO Westrn Asst High Incm Op	COM	0.86%	$850,000	220.2K
27	SHEL Shell PLC F Unsponsored ADR	COM	0.81%	$802,000	12.2K
28	AR Antero Resources Cor	COM	0.80%	$786,000	34.7K
29	DVN Devon Energy Corp	COM	0.77%	$760,000	16.8K
30	AMZN Amazon.Com Inc Forward Split	COM	0.77%	$758,000	5.0K
31	First Trust High Income	COM	0.74%	$727,000	60.1K
32	INTC Intel Corp	COM	0.66%	$649,000	12.9K
33	BAC Bank Of America Corp	COM	0.64%	$635,000	18.8K
34	XEVVX Eaton Vance Limited Dura	COM	0.61%	$598,000	62.4K
35	JPM JPMorgan Chase & Co	COM	0.54%	$533,000	3.1K
36	LOW Lowes Companies Inc	COM	0.54%	$529,000	2.4K
37	GT Goodyear Tire Rubber	COM	0.53%	$527,000	36.8K
38	DSL Doubleline Income Soluti	CEF	0.53%	$521,000	42.6K
39	ADI Analog Devices Inc	COM	0.52%	$517,000	2.6K
40	COP Conocophillips	COM	0.50%	$497,000	4.3K
41	ABBV Abbvie Inc	COM	0.50%	$496,000	3.2K
42	BA Boeing Co	COM	0.50%	$495,000	1.9K
43	TDOC Teladoc Inc	COM	0.48%	$473,000	21.9K
44	BTZ BlackRock Credit Allocat	COM	0.45%	$444,000	43.0K
45	MRK Merck & Co. Inc.	COM	0.43%	$426,000	3.9K
46	NVDA Nvidia Corp	COM	0.42%	$418,000	843
47	WFC Wells Fargo & Co	COM	0.42%	$410,000	8.3K
48	CSCO Cisco Systems Inc	COM	0.41%	$406,000	8.0K
49	IVV iShares Core S&P 500 ETF	ETF	0.40%	$398,000	833
50	OXY Occidental Petrol Co	COM	0.40%	$398,000	6.7K
51	VEA Vanguard FTSE Developed Markets ETF	ETF	0.36%	$353,000	7.4K
52	ABT Abbott Laboratories	COM	0.34%	$336,000	3.1K
53	GS Goldman Sachs Group	COM	0.33%	$327,000	848
54	AEM Agnico Eagle Mines F	LTD PARTN	0.33%	$324,000	5.9K
55	RSP Invesco S&P 500 Equal Weight ETF	ETF	0.32%	$313,000	2.0K
56	MSPRW MSP Recovery Inc 27 WTF Warrants Exp 05/20/27	WRNT	0.29%	$282,000	59.86M
57	MPC Marathon Pete Corp	COM	0.28%	$273,000	1.8K
58	Cedar Fair L P LP	LTD PARTN	0.27%	$267,000	6.7K
59	BlackRock Inc	COM	0.26%	$256,000	315
60	BP BP PLC F Sponsored ADR	COM	0.25%	$250,000	7.1K
61	KO The Coca-Cola Co	COM	0.25%	$246,000	4.2K
62	HD Home Depot Inc	COM	0.25%	$243,000	702
63	RTX Raytheon Technologies Co	COM	0.24%	$241,000	2.9K
64	UNP Union Pacific Corp	COM	0.24%	$239,000	975
65	KYN Kayne Anderson Energy In	CEF	0.24%	$238,000	27.1K
66	NKE Nike Inc Class B	CL B	0.24%	$237,000	2.2K
67	T A T & T Inc	COM	0.24%	$236,000	14.1K
68	NSC Norfolk Southern Co	COM	0.24%	$232,000	982
69	VIG Vanguard Dividend Appreciation ETF	ETF	0.23%	$229,000	1.3K
70	IWD iShares Russell 1000 Value ETF	ETF	0.22%	$219,000	1.3K
71	BIIB Biogen Inc	COM	0.21%	$212,000	820
72	PEP Pepsico Inc	COM	0.21%	$209,000	1.2K
73	GD General Dynamics Co	COM	0.21%	$209,000	804
74	SYK Stryker Corp	COM	0.21%	$207,000	690
75	VLO Valero Energy Corp	COM	0.21%	$206,000	1.6K
76	HON Honeywell Intl Inc	COM	0.21%	$203,000	968
77	UNH UnitedHealth Group	COM	0.21%	$203,000	386
78	PG Procter & Gamble	COM	0.20%	$200,000	1.4K
79	ADBE Adobe Inc	COM	0.20%	$196,000	328
80	DE Deere & Co	COM	0.20%	$195,000	485
81	VTI Vanguard Total Stock Market ETF	ETF	0.20%	$194,000	817
82	TRV Travelers	COM	0.19%	$190,000	997
83	XLK Technology Select Sector SPDR ETF	ETF	0.19%	$190,000	986
84	V Visa Inc Class A	COM	0.19%	$187,000	719
85	META Meta Platforms Inc Class A	CL A	0.19%	$187,000	528
86	CCI Crown Castle Intl Co REIT	COM	0.19%	$183,000	1.6K
87	DIS Walt Disney Co	COM	0.19%	$183,000	2.0K
88	IAU iShares Gold ETF	COM	0.18%	$181,000	4.6K
89	SHW Sherwin Williams Co	COM	0.18%	$176,000	564
90	MA Mastercard Inc Class A	CL A	0.18%	$175,000	410
91	General Electric Co	COM	0.18%	$174,000	1.4K
92	FLR Fluor Corp	COM	0.17%	$172,000	4.4K
93	NOW Service Now Inc	COM	0.16%	$162,000	230
94	PM Philip Morris Intl	COM	0.16%	$160,000	1.7K
95	CAT Caterpillar	COM	0.16%	$160,000	541
96	KHC Kraft Heinz Co	COM	0.16%	$160,000	4.3K
97	TXN Texas Instruments	COM	0.16%	$158,000	928
98	XHB SPDR S&P Homebuilders ETF	ETF	0.16%	$158,000	1.6K
99	IWB iShares Russell 1000 ETF	ETF	0.16%	$157,000	597
100	NOC Northrop Grumman	COM	0.16%	$153,000	326

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$141M	504	May 15, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	Under review	501	Feb 13, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	Under review	498	Nov 17, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$118M	508	Aug 11, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$131M	455	May 7, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$110M	476	Feb 11, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$110M	493	Nov 14, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$105M	477	Aug 14, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$104M	454	May 14, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$99M	463	Feb 14, 2024	13F-HR	changes · EDGAR ↗
Q3 2023	$89M	472	Nov 15, 2023	13F-HR	changes · EDGAR ↗
Q2 2023	$90M	469	Aug 15, 2023	13F-HR	changes · EDGAR ↗
Q1 2023	$81M	440	May 11, 2023	13F-HR	changes · EDGAR ↗
Q4 2022	Under review	427	Feb 14, 2023	13F-HR	changes · EDGAR ↗
Q3 2022	$80M	398	Nov 14, 2022	13F-HR	changes · EDGAR ↗
Q2 2022	$82M	418	Aug 12, 2022	13F-HR	changes · EDGAR ↗
Q1 2022	$94M	420	May 13, 2022	13F-HR	changes · EDGAR ↗
Q4 2021	$99M	428	Feb 14, 2022	13F-HR	changes · EDGAR ↗
Q3 2021	$91M	401	Nov 15, 2021	13F-HR	changes · EDGAR ↗
Q2 2021	$98M	400	Aug 16, 2021	13F-HR	changes · EDGAR ↗
Q1 2021	$118M	411	May 12, 2021	13F-HR	changes · EDGAR ↗
Q4 2020	$122M	424	Feb 19, 2021	RESTATEMENT	changes · EDGAR ↗
Q3 2020	$104M	394	Nov 17, 2020	RESTATEMENT	changes · EDGAR ↗
Q2 2020	$108M	379	Aug 14, 2020	13F-HR	changes · EDGAR ↗
Q1 2020	$95M	398	May 18, 2020	13F-HR	changes · EDGAR ↗
Q4 2019	$124M	391	Feb 11, 2020	13F-HR	changes · EDGAR ↗
Q3 2019	$122M	415	Nov 15, 2019	13F-HR	changes · EDGAR ↗
Q2 2019	$128M	466	Aug 14, 2019	13F-HR	changes · EDGAR ↗
Q1 2019	$125M	428	May 14, 2019	13F-HR	changes · EDGAR ↗
Q4 2018	$113M	424	Feb 26, 2019	13F-HR	changes · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.