Managers / Q1 2023 · view latest →
SL ADVISORS, LLC
CIK 0001680365 · 630 MOORING LINE DRIVE, NAPLES, FL, 34102-4749 · 908-205-2955
Reported Value
$47M
Q1 2023
Positions
50
Filings on Record
43
2019–present window
Filed
Apr 19, 2023
original filing
Summary
Sl Advisors, LLC reported $47M in U.S.-listed holdings across 50 positions for Q1 2023.
Its largest position, ET, represents 9.5% of the portfolio.
Compared with Q4 2022, the fund opened 0 new positions and exited 1.
Portfolio Metrics
Turnover
+3.1%
vs prior filed quarter
Top-10 Concentration
+58.4%
share of reported value
Largest Position
+9.5%
Energy Transfer L P
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 · 61.3% · $29M
- MLP · 19.6% · $9M
- ETP · 16.0% · $7M
- Unit · 1.6% · $739,472
- Ltd Part · 0.6% · $283,602
- Other · 1.0% · $457,740
Quarter-over-Quarter Changes full breakdown →
vs Q4 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| INVESCO EXCH TRADED FD TR II | SOLD OUT | −3.2K | 0 | −$202,819 | $0 |
| NEXTNEXTDECADE CORP | ADDED | +324.6K | 770.5K | +$2M | $4M |
| TRPTC ENERGY CORP | ADDED | +6.8K | 28.8K | +$242,939 | $1M |
| EQUITRANS MIDSTREAM CORP | ADDED | +10.9K | 65.8K | +$12,801 | $380,162 |
| ETENERGY TRANSFER L P | TRIMMED | −35.4K | 356.0K | −$206,385 | $4M |
| PAGPPLAINS GP HLDGS L P | ADDED | +1.8K | 21.6K | +$36,481 | $283,602 |
| ECLECOLAB INC | TRIMMED | −134 | 1.6K | +$12,487 | $265,179 |
| RSGREPUBLIC SVCS INC | TRIMMED | −420 | 5.4K | −$20,297 | $735,326 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2023
47 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ETENERGY TRANSFER L Phistory → | COM UT LTD PTN | 9.52% | $4M | 356.0K |
| 2 | NEXTNEXTDECADE CORPhistory → | COM | 8.21% | $4M | 770.5K |
| 3 | IWVISHARES TR | RUSSELL 3000 ETF · ISHS 1-5YR INVS · MSCI USA ESG SLC · ESG AWR MSCI USA | 7.68% | $4M | 34.2K |
| 4 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 6.96% | $3M | 7.9K |
| 5 | LNGCHENIERE ENERGY INChistory → | COM NEW | 6.12% | $3M | 18.1K |
| 6 | WMBWILLIAMS COS INChistory → | COM | 4.83% | $2M | 75.5K |
| 7 | EPDENTERPRISE PRODS PARTNERS Lhistory → | COM | 4.14% | $2M | 74.6K |
| 8 | TRGPTARGA RES CORPhistory → | COM | 3.85% | $2M | 24.6K |
| 9 | OKEONEOK INC NEWhistory → | COM | 3.57% | $2M | 26.2K |
| 10 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 3.56% | $2M | 5.4K |
| 11 | ENBENBRIDGE INChistory → | COM | 3.50% | $2M | 42.8K |
| 12 | MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 2.54% | $1M | 21.8K |
| 13 | TRPTC ENERGY CORPhistory → | COM | 2.40% | $1M | 28.8K |
| 14 | KMIKINDER MORGAN INC DELhistory → | COM | 2.18% | $1M | 58.0K |
| 15 | PBAPEMBINA PIPELINE CORPhistory → | COM | 1.89% | $882,673 | 27.2K |
| 16 | LMTLOCKHEED MARTIN CORPhistory → | COM | 1.63% | $762,041 | 1.6K |
| 17 | NUSTAR ENERGY LP | UNIT COM | 1.63% | $761,527 | 48.7K |
| 18 | ENLINK MIDSTREAM LLC | COM UNIT REP LTD | 1.59% | $739,472 | 68.2K |
| 19 | RSGREPUBLIC SVCS INChistory → | COM | 1.58% | $735,326 | 5.4K |
| 20 | ADPAUTOMATIC DATA PROCESSING INhistory → | COM | 1.46% | $681,248 | 3.1K |
| 21 | HSYHERSHEY COhistory → | COM | 1.42% | $660,703 | 2.6K |
| 22 | WMWASTE MGMT INC DELhistory → | COM | 1.32% | $617,925 | 3.8K |
| 23 | XLPSELECT SECTOR SPDR TRhistory → | SBI CONS STPLS | 1.31% | $610,619 | 8.2K |
| 24 | RTXRAYTHEON TECHNOLOGIES CORPhistory → | COM | 1.26% | $589,343 | 6.0K |
| 25 | MCDMCDONALDS CORPhistory → | COM | 1.20% | $558,940 | 2.0K |
| 26 | CRESTWOOD EQUITY PARTNERS LP | UNIT LTD PARTNER | 1.08% | $505,880 | 20.3K |
| 27 | PEPPEPSICO INC | COM | 0.98% | $456,115 | 2.5K |
| 28 | PGPROCTER AND GAMBLE CO | COM | 0.94% | $437,892 | 2.9K |
| 29 | JNJJOHNSON & JOHNSON | COM | 0.89% | $416,175 | 2.7K |
| 30 | EQUITRANS MIDSTREAM CORP | COM | 0.81% | $380,162 | 65.8K |
| 31 | LWLAMB WESTON HLDGS INC | COM | 0.79% | $370,105 | 3.5K |
| 32 | MKCMCCORMICK & CO INC | COM NON VTG | 0.79% | $366,956 | 4.4K |
| 33 | KOCOCA COLA CO | COM | 0.74% | $343,150 | 5.5K |
| 34 | QSRRESTAURANT BRANDS INTL INC | COM | 0.68% | $319,318 | 4.8K |
| 35 | WESWESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 0.68% | $318,444 | 12.1K |
| 36 | PAGPPLAINS GP HLDGS L P | LTD PARTNR INT A | 0.61% | $283,602 | 21.6K |
| 37 | SJMSMUCKER J M CO | COM NEW | 0.58% | $272,250 | 1.7K |
| 38 | CLXCLOROX CO DEL | COM | 0.57% | $265,210 | 1.7K |
| 39 | ECLECOLAB INC | COM | 0.57% | $265,179 | 1.6K |
| 40 | KDPKEURIG DR PEPPER INC | COM | 0.55% | $257,544 | 7.3K |
| 41 | BUDANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 0.54% | $253,240 | 3.8K |
| 42 | KHCKRAFT HEINZ CO | COM | 0.53% | $247,179 | 6.4K |
| 43 | CAGCONAGRA BRANDS INC | COM | 0.52% | $241,135 | 6.4K |
| 44 | MRKMERCK & CO INC | COM | 0.46% | $214,057 | 2.0K |
| 45 | KMBKIMBERLY-CLARK CORP | COM | 0.45% | $212,068 | 1.6K |
| 46 | UNILEVER PLC | SPON ADR NEW | 0.44% | $204,500 | 3.9K |
| 47 | CLCOLGATE PALMOLIVE CO | COM | 0.44% | $203,206 | 2.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $59M | 32 | Apr 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $49M | 32 | Jan 8, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $51M | 31 | Oct 20, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $56M | 31 | Jul 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $57M | 32 | Apr 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $60M | 35 | Jan 8, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $56M | 47 | Oct 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $51M | 32 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $51M | 39 | May 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $46M | 41 | Jan 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $74M | 43 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $44M | 46 | Jul 21, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $47M | 50 | Apr 19, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $45M | 51 | Jan 18, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $40M | 45 | Oct 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $42M | 47 | Jul 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $49M | 46 | Apr 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $41M | 47 | Jan 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $40M | 49 | Oct 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $39M | 50 | Jul 19, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $33M | 50 | Apr 28, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $31M | 49 | Jan 19, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $27M | 45 | Oct 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $26M | 43 | Jul 10, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $23M | 44 | Apr 28, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $40M | 48 | Jan 28, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $52M | 67 | Nov 5, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $58M | 74 | Jul 25, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $65M | 75 | Apr 9, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $49M | 74 | Jan 14, 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 ↗.