SEC 13F Intelligence

Managers / Q4 2023 · view latest →

SL ADVISORS, LLC

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

Reported Value
$46M
Q4 2023
Positions
41
Filings on Record
43
2019–present window
Filed
Jan 9, 2024
original filing

Summary

Sl Advisors, LLC reported $46M in U.S.-listed holdings across 41 positions for Q4 2023.

Its largest position, ET, represents 11.2% of the portfolio.

Compared with Q3 2023, the fund opened 2 new positions and exited 4.

Portfolio Metrics

Turnover
+5.2%
vs prior filed quarter
Top-10 Concentration
+64.2%
share of reported value
Largest Position
+11.2%
Energy Transfer L P
New / Exited
2 / 4
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: 58.9%ETP: 19.4%MLP: 19.2%Unit: 1.7%Ltd Part: 0.7%
  • Common Stock · 58.9% · $27M
  • ETP · 19.4% · $9M
  • MLP · 19.2% · $9M
  • Unit · 1.7% · $806,500
  • Ltd Part · 0.7% · $334,200

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KNTKKINETIK HOLDINGS INCNEW+9.6K9.6K+$321,041$321,041
QQQINVESCO QQQ TRNEW+550550+$225,236$225,236
CRESTWOOD EQUITY PARTNERS LPSOLD OUT−21.4K0−$625,029$0
KHCKRAFT HEINZ COSOLD OUT−6.4K0−$215,027$0
SJMSMUCKER J M COSOLD OUT−1.7K0−$212,634$0
BUDANHEUSER BUSCH INBEV SA/NVSOLD OUT−3.8K0−$209,864$0
ECLECOLAB INCTRIMMED−150.9K1.3K−$26M$264,996
MRKMERCK & CO INCTRIMMED−199.0K2.2K−$2M$240,825

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

Holdings — Q4 2023

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ETENERGY TRANSFER L Phistory →COM UT LTD PTN11.17%$5M376.2K
2SPYSPDR S&P 500 ETF TRhistory →TR UNIT11.03%$5M10.8K
3USAIPACER FDS TRhistory →AMERCN ENRGY IND6.84%$3M110.2K
4LNGCHENIERE ENERGY INChistory →COM NEW6.62%$3M18.0K
5OKEONEOK INC NEWhistory →COM5.66%$3M37.5K
6NEXTNEXTDECADE CORPhistory →COM5.31%$2M517.7K
7WMBWILLIAMS COS INChistory →COM5.20%$2M69.4K
8TRGPTARGA RES CORPhistory →COM4.38%$2M23.4K
9EPDENTERPRISE PRODS PARTNERS Lhistory →COM4.08%$2M72.1K
10ENBENBRIDGE INChistory →COM3.88%$2M50.1K
11BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.82%$2M5.0K
12TRPTC ENERGY CORPhistory →COM2.22%$1M26.4K
13PBAPEMBINA PIPELINE CORPhistory →COM1.96%$911,57926.5K
14KMIKINDER MORGAN INC DELhistory →COM1.96%$909,53651.6K
15NUSTAR ENERGY LPUNIT COM1.90%$881,67747.2K
16EQUITRANS MIDSTREAM CORPCOM1.79%$831,49281.7K
17ENLINK MIDSTREAM LLCCOM UNIT REP LTD1.73%$806,50066.3K
18RSGREPUBLIC SVCS INChistory →COM1.65%$766,0074.6K
19LMTLOCKHEED MARTIN CORPhistory →COM1.47%$681,6731.5K
20MPLXMPLX LPhistory →COM UNIT REP LTD1.35%$626,07617.1K
21WMWASTE MGMT INC DELhistory →COM1.29%$597,6573.3K
22ADPAUTOMATIC DATA PROCESSING INhistory →COM1.19%$554,0032.4K
23MCDMCDONALDS CORPhistory →COM1.09%$507,0321.7K
24XLPSELECT SECTOR SPDR TRhistory →SBI CONS STPLS1.08%$500,9687.0K
25HSYHERSHEY COCOM0.98%$454,9142.4K
26RTXRTX CORPORATIONCOM0.92%$427,2635.1K
27PGPROCTER AND GAMBLE COCOM0.83%$386,4262.6K
28JNJJOHNSON & JOHNSONCOM0.81%$378,0572.4K
29PEPPEPSICO INCCOM0.74%$345,6242.0K
30WESWESTERN MIDSTREAM PARTNERS LCOM UNIT LP INT0.74%$342,16611.7K
31PAGPPLAINS GP HLDGS L PLTD PARTNR INT A0.72%$334,20021.0K
32KNTKKINETIK HOLDINGS INCCOM NEW CL A0.69%$321,0419.6K
33KOCOCA COLA COCOM0.64%$299,6595.1K
34LWLAMB WESTON HLDGS INCCOM0.61%$283,5202.6K
35QSRRESTAURANT BRANDS INTL INCCOM0.60%$280,0183.6K
36MKCMCCORMICK & CO INCCOM NON VTG0.58%$270,0543.9K
37ECLECOLAB INCCOM0.57%$264,9961.3K
38MRKMERCK & CO INCCOM0.52%$240,8252.2K
39QQQINVESCO QQQ TRUNIT SER 10.48%$225,236550
40KDPKEURIG DR PEPPER INCCOM0.46%$212,3156.4K
41CLXCLOROX CO DELCOM0.45%$208,1811.5K

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 ↗.