SEC 13F Intelligence

Managers / Q3 2023 · view latest →

SL ADVISORS, LLC

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

Reported Value
$74M
Q3 2023
Positions
43
Filings on Record
43
2019–present window
Filed
Nov 13, 2023
original filing

Summary

Sl Advisors, LLC reported $74M in U.S.-listed holdings across 43 positions for Q3 2023.

Its largest position, ET, represents 6.6% of the portfolio.

Compared with Q2 2023, the fund opened 3 new positions and exited 5.

Portfolio Metrics

Turnover
+9.1%
vs prior filed quarter
Top-10 Concentration
+38.6%
share of reported value
Largest Position
+6.6%
Energy Transfer L P
New / Exited
3 / 5
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
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: 75.8%MLP: 12.8%ETP: 9.4%Unit: 1.2%Ltd Part: 0.5%ADR: 0.3%
  • Common Stock · 75.8% · $56M
  • MLP · 12.8% · $10M
  • ETP · 9.4% · $7M
  • Unit · 1.2% · $866,479
  • Ltd Part · 0.5% · $362,865
  • ADR · 0.3% · $209,864

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
USAIPACER FDS TRNEW+114.6K114.6K+$3M$3M
TRPTC ENERGY CORPNEW+29.6K29.6K+$1M$1M
MPLXMPLX LPNEW+18.4K18.4K+$652,590$652,590
MRKMERCK & CO INCADDED+199.2K201.2K+$2M$3M
ECLECOLAB INCADDED+150.6K152.2K+$25M$26M
MAGELLAN MIDSTREAM PRTNRS LPSOLD OUT−22.7K0−$1M$0
KMBKIMBERLY-CLARK CORPSOLD OUT−1.6K0−$218,135$0
CAGCONAGRA BRANDS INCSOLD OUT−6.4K0−$216,482$0

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

Holdings — Q3 2023

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ETENERGY TRANSFER L Phistory →COM UT LTD PTN6.57%$5M348.1K
2SPYSPDR S&P 500 ETF TRhistory →TR UNIT4.57%$3M7.9K
3LNGCHENIERE ENERGY INChistory →COM NEW4.30%$3M19.2K
4USAIPACER FDS TRhistory →AMERCN ENRGY IND4.23%$3M114.6K
5OKEONEOK INC NEWhistory →COM3.61%$3M42.2K
6WMBWILLIAMS COS INChistory →COM3.52%$3M77.5K
7NEXTNEXTDECADE CORPhistory →COM3.48%$3M503.7K
8TRGPTARGA RES CORPhistory →COM2.98%$2M25.8K
9EPDENTERPRISE PRODS PARTNERS Lhistory →COM2.87%$2M77.7K
10BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.48%$2M5.3K
11ENBENBRIDGE INChistory →COM1.99%$1M44.1K
12TRPTC ENERGY CORPhistory →COM1.37%$1M29.6K
13KMIKINDER MORGAN INC DELhistory →COM1.34%$992,99959.9K
14NUSTAR ENERGY LPUNIT COM1.20%$891,23051.1K
15ENLINK MIDSTREAM LLCCOM UNIT REP LTD1.17%$866,47970.8K
16PBAPEMBINA PIPELINE CORPhistory →COM1.15%$857,10528.5K
17EQUITRANS MIDSTREAM CORPCOM1.13%$837,40989.2K
18RSGREPUBLIC SVCS INChistory →COM1.01%$749,8885.3K
19ADPAUTOMATIC DATA PROCESSING INCOM0.96%$709,7113.0K
20MPLXMPLX LPCOM UNIT REP LTD0.88%$652,59018.4K
21LMTLOCKHEED MARTIN CORPCOM0.85%$633,4791.5K
22CRESTWOOD EQUITY PARTNERS LPUNIT LTD PARTNER0.84%$625,02921.4K
23WMWASTE MGMT INC DELCOM0.77%$571,1933.7K
24MCDMCDONALDS CORPCOM0.70%$517,3962.0K
25HSYHERSHEY COCOM0.68%$506,6032.5K
26XLPSELECT SECTOR SPDR TRSBI CONS STPLS0.64%$478,4087.0K
27RTXRTX CORPORATIONCOM0.58%$433,1156.0K
28PGPROCTER AND GAMBLE COCOM0.58%$429,5582.9K
29PEPPEPSICO INCCOM0.54%$400,7262.4K
30JNJJOHNSON & JOHNSONCOM0.52%$388,4412.5K
31PAGPPLAINS GP HLDGS L PLTD PARTNR INT A0.49%$362,86522.5K
32WESWESTERN MIDSTREAM PARTNERS LCOM UNIT LP INT0.46%$343,43712.6K
33MKCMCCORMICK & CO INCCOM NON VTG0.45%$333,5724.4K
34LWLAMB WESTON HLDGS INCCOM0.43%$322,7783.5K
35QSRRESTAURANT BRANDS INTL INCCOM0.43%$316,8454.8K
36KOCOCA COLA COCOM0.41%$302,6845.4K
37CLXCLOROX CO DELCOM0.30%$219,6571.7K
38KDPKEURIG DR PEPPER INCCOM0.29%$218,3706.9K
39KHCKRAFT HEINZ COCOM0.29%$215,0276.4K
40SJMSMUCKER J M COCOM NEW0.29%$212,6341.7K
41BUDANHEUSER BUSCH INBEV SA/NVSPONSORED ADR0.28%$209,8643.8K

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 ↗.