SEC 13F Intelligence

Managers / Q2 2023 · view latest →

SL ADVISORS, LLC

CIK 0001680365 · 630 MOORING LINE DRIVE, NAPLES, FL, 34102-4749 · 908-205-2955

Reported Value
$44M
Q2 2023
Positions
46
Filings on Record
43
2019–present window
Filed
Jul 21, 2023
original filing

Summary

Sl Advisors, LLC reported $44M in U.S.-listed holdings across 46 positions for Q2 2023.

Its largest position, ET, represents 10.2% of the portfolio.

Compared with Q1 2023, the fund opened 0 new positions and exited 5.

Portfolio Metrics

Turnover
+6.1%
vs prior filed quarter
Top-10 Concentration
+60.0%
share of reported value
Largest Position
+10.2%
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
Q4 ’18: $49MQ4 ’18Q1 ’19: $65MQ2 ’19: $58MQ3 ’19: $52MQ4 ’19: $40MQ4 ’19Q1 ’20: $23MQ2 ’20: $26MQ3 ’20: $27MQ4 ’20: $31MQ4 ’20Q1 ’21: $33MQ2 ’21: $39MQ3 ’21: $40MQ4 ’21: $41MQ4 ’21Q1 ’22: $49MQ2 ’22: $42MQ3 ’22: $40MQ4 ’22: $45MQ4 ’22Q1 ’23: $47MQ2 ’23: $44MQ3 ’23: $74MQ4 ’23: $46MQ4 ’23Q1 ’24: $51MQ2 ’24: $51MQ3 ’24: $56MQ4 ’24: $60MQ4 ’24Q1 ’25: $57MQ2 ’25: $56MQ3 ’25: $51MQ4 ’25: $49MQ4 ’25Q1 ’26: $59Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 65.4%MLP: 21.9%ETP: 9.3%Unit: 1.7%Ltd Part: 0.7%Other: 0.9%
  • Common Stock · 65.4% · $29M
  • MLP · 21.9% · $10M
  • ETP · 9.3% · $4M
  • Unit · 1.7% · $748,932
  • Ltd Part · 0.7% · $333,141
  • Other · 0.9% · $420,540

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IWVISHARES TRSOLD OUT−8.7K0−$2M$0
TRPTC ENERGY CORPSOLD OUT−28.8K0−$1M$0
IGSBISHARES TRSOLD OUT−19.0K0−$961,170$0
SUSAISHARES TRSOLD OUT−3.3K0−$290,123$0
ESGUISHARES TRSOLD OUT−3.2K0−$289,411$0
EQUITRANS MIDSTREAM CORPADDED+23.9K89.7K+$477,035$857,197
NEXTNEXTDECADE CORPTRIMMED−267.2K503.3K+$302,743$4M
KDPKEURIG DR PEPPER INCTRIMMED−3836.9K−$41,249$216,295

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

Holdings — Q2 2023

45 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ETENERGY TRANSFER L Phistory →COM UT LTD PTN10.17%$5M356.3K
2NEXTNEXTDECADE CORPhistory →COM9.22%$4M499.8K
3SPYSPDR S&P 500 ETF TRhistory →TR UNIT7.90%$4M7.9K
4LNGCHENIERE ENERGY INChistory →COM NEW6.45%$3M18.8K
5WMBWILLIAMS COS INChistory →COM5.68%$3M77.5K
6EPDENTERPRISE PRODS PARTNERS Lhistory →COM4.60%$2M77.6K
7TRGPTARGA RES CORPhistory →COM4.41%$2M25.8K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW4.12%$2M5.4K
9OKEONEOK INC NEWhistory →COM3.75%$2M27.1K
10ENBENBRIDGE INChistory →COM3.68%$2M44.1K
11MAGELLAN MIDSTREAM PRTNRS LPCOM UNIT RP LP3.18%$1M22.7K
12KMIKINDER MORGAN INC DELhistory →COM2.31%$1M59.8K
13PBAPEMBINA PIPELINE CORPhistory →COM2.01%$896,22928.5K
14NUSTAR ENERGY LPUNIT COM1.97%$876,09451.1K
15EQUITRANS MIDSTREAM CORPCOM1.93%$857,19789.7K
16RSGREPUBLIC SVCS INChistory →COM1.87%$832,9385.4K
17ENLINK MIDSTREAM LLCCOM UNIT REP LTD1.68%$748,93270.7K
18LMTLOCKHEED MARTIN CORPhistory →COM1.65%$732,4651.6K
19ADPAUTOMATIC DATA PROCESSING INhistory →COM1.51%$672,5573.1K
20WMWASTE MGMT INC DELhistory →COM1.48%$656,7423.8K
21HSYHERSHEY COhistory →COM1.44%$638,7332.6K
22XLPSELECT SECTOR SPDR TRhistory →SBI CONS STPLS1.36%$606,3728.2K
23RTXRAYTHEON TECHNOLOGIES CORPhistory →COM1.32%$589,5236.0K
24MCDMCDONALDS CORPhistory →COM1.32%$586,0772.0K
25CRESTWOOD EQUITY PARTNERS LPUNIT LTD PARTNER1.27%$565,24221.3K
26PEPPEPSICO INChistory →COM1.04%$463,4202.5K
27PGPROCTER AND GAMBLE COhistory →COM1.00%$446,8742.9K
28JNJJOHNSON & JOHNSONCOM1.00%$444,4212.7K
29LWLAMB WESTON HLDGS INCCOM0.91%$407,0383.5K
30MKCMCCORMICK & CO INCCOM NON VTG0.86%$384,6844.4K
31QSRRESTAURANT BRANDS INTL INCCOM0.83%$368,6854.8K
32WESWESTERN MIDSTREAM PARTNERS LCOM UNIT LP INT0.75%$334,23212.6K
33PAGPPLAINS GP HLDGS L PLTD PARTNR INT A0.75%$333,14122.5K
34KOCOCA COLA COCOM0.75%$333,1375.5K
35ECLECOLAB INCCOM0.67%$299,0771.6K
36CLXCLOROX CO DELCOM0.60%$266,5511.7K
37SJMSMUCKER J M COCOM NEW0.57%$255,4691.7K
38MRKMERCK & CO INCCOM0.52%$232,1652.0K
39KHCKRAFT HEINZ COCOM0.51%$226,9166.4K
40KMBKIMBERLY-CLARK CORPCOM0.49%$218,1351.6K
41CAGCONAGRA BRANDS INCCOM0.49%$216,4826.4K
42KDPKEURIG DR PEPPER INCCOM0.49%$216,2956.9K
43BUDANHEUSER BUSCH INBEV SA/NVSPONSORED ADR0.48%$215,2523.8K
44CLCOLGATE PALMOLIVE COCOM0.47%$208,3162.7K
45UNILEVER PLCSPON ADR NEW0.46%$205,2883.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$59M32Apr 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$49M32Jan 8, 202613F-HRchanges · EDGAR ↗
Q3 2025$51M31Oct 20, 202513F-HRchanges · EDGAR ↗
Q2 2025$56M31Jul 22, 202513F-HRchanges · EDGAR ↗
Q1 2025$57M32Apr 29, 202513F-HRchanges · EDGAR ↗
Q4 2024$60M35Jan 8, 202513F-HRchanges · EDGAR ↗
Q3 2024$56M47Oct 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$51M32Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$51M39May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$46M41Jan 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$74M43Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$44M46Jul 21, 202313F-HRchanges · EDGAR ↗
Q1 2023$47M50Apr 19, 202313F-HRchanges · EDGAR ↗
Q4 2022$45M51Jan 18, 202313F-HRchanges · EDGAR ↗
Q3 2022$40M45Oct 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$42M47Jul 28, 202213F-HRchanges · EDGAR ↗
Q1 2022$49M46Apr 14, 202213F-HRchanges · EDGAR ↗
Q4 2021$41M47Jan 28, 202213F-HRchanges · EDGAR ↗
Q3 2021$40M49Oct 13, 202113F-HRchanges · EDGAR ↗
Q2 2021$39M50Jul 19, 202113F-HRchanges · EDGAR ↗
Q1 2021$33M50Apr 28, 202113F-HRchanges · EDGAR ↗
Q4 2020$31M49Jan 19, 202113F-HRchanges · EDGAR ↗
Q3 2020$27M45Oct 14, 202013F-HRchanges · EDGAR ↗
Q2 2020$26M43Jul 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$23M44Apr 28, 202013F-HRchanges · EDGAR ↗
Q4 2019$40M48Jan 28, 202013F-HRchanges · EDGAR ↗
Q3 2019$52M67Nov 5, 201913F-HRchanges · EDGAR ↗
Q2 2019$58M74Jul 25, 201913F-HRchanges · EDGAR ↗
Q1 2019$65M75Apr 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$49M74Jan 14, 201913F-HRchanges · 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 ↗.