SEC 13F Intelligence

Managers / Q1 2024 · view latest →

SL ADVISORS, LLC

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

Reported Value
$51M
Q1 2024
Positions
39
Filings on Record
43
2019–present window
Filed
May 13, 2024
original filing

Summary

Sl Advisors, LLC reported $51M in U.S.-listed holdings across 39 positions for Q1 2024.

Its largest position, ET, represents 11.7% of the portfolio.

Compared with Q4 2023, the fund opened 0 new positions and exited 2.

Portfolio Metrics

Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+66.0%
share of reported value
Largest Position
+11.7%
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: 59.3%MLP: 21.0%ETP: 17.2%Unit: 1.8%Ltd Part: 0.8%
  • Common Stock · 59.3% · $30M
  • MLP · 21.0% · $11M
  • ETP · 17.2% · $9M
  • Unit · 1.8% · $904,659
  • Ltd Part · 0.8% · $382,392

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KNTKKINETIK HOLDINGS INCADDED+11.8K21.4K+$533,453$854,494
WESWESTERN MIDSTREAM PARTNERS LADDED+12.1K23.8K+$502,395$844,561
EQUITRANS MIDSTREAM CORPSOLD OUT−81.7K0−$831,492$0
QQQINVESCO QQQ TRSOLD OUT−5500−$225,236$0
NEXTNEXTDECADE CORPADDED+174.0K691.7K+$1M$4M
ENBENBRIDGE INCTRIMMED−10.6K39.5K−$374,589$1M
USAIPACER FDS TRTRIMMED−16.0K94.2K−$191,311$3M
XLPSELECT SECTOR SPDR TRTRIMMED−6586.3K−$20,105$480,863

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

Holdings — Q1 2024

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ETENERGY TRANSFER L Phistory →COM UT LTD PTN11.65%$6M376.2K
2SPYSPDR S&P 500 ETF TRhistory →TR UNIT10.34%$5M10.0K
3NEXTNEXTDECADE CORPhistory →COM7.74%$4M691.7K
4OKEONEOK INC NEWhistory →COM5.93%$3M37.5K
5USAIPACER FDS TRhistory →AMERCN ENRGY IND5.88%$3M94.2K
6LNGCHENIERE ENERGY INChistory →COM NEW5.73%$3M18.0K
7WMBWILLIAMS COS INChistory →COM5.34%$3M69.5K
8TRGPTARGA RES CORPhistory →COM5.17%$3M23.4K
9EPDENTERPRISE PRODS PARTNERS Lhistory →COM4.14%$2M72.1K
10BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW4.13%$2M5.0K
11ENBENBRIDGE INChistory →COM2.82%$1M39.5K
12NUSTAR ENERGY LPUNIT COM2.16%$1M47.2K
13TRPTC ENERGY CORPhistory →COM2.00%$1M25.3K
14PBAPEMBINA PIPELINE CORPhistory →COM1.82%$921,91526.1K
15KMIKINDER MORGAN INC DELhistory →COM1.80%$912,89249.8K
16ENLINK MIDSTREAM LLCCOM UNIT REP LTD1.78%$904,65966.3K
17RSGREPUBLIC SVCS INChistory →COM1.77%$898,4284.7K
18KNTKKINETIK HOLDINGS INChistory →COM NEW CL A1.68%$854,49421.4K
19WESWESTERN MIDSTREAM PARTNERS Lhistory →COM UNIT LP INT1.66%$844,56123.8K
20WMWASTE MGMT INC DELhistory →COM1.41%$717,0373.4K
21MPLXMPLX LPhistory →COM UNIT REP LTD1.40%$708,59817.1K
22LMTLOCKHEED MARTIN CORPhistory →COM1.35%$685,0341.5K
23ADPAUTOMATIC DATA PROCESSING INhistory →COM1.17%$595,1302.4K
24RTXRTX CORPORATIONCOM0.98%$495,2575.1K
25MCDMCDONALDS CORPCOM0.96%$486,3641.7K
26XLPSELECT SECTOR SPDR TRSBI CONS STPLS0.95%$480,8636.3K
27HSYHERSHEY COCOM0.86%$434,9022.2K
28PGPROCTER AND GAMBLE COCOM0.78%$397,5132.5K
29JNJJOHNSON & JOHNSONCOM0.75%$382,5032.4K
30PAGPPLAINS GP HLDGS L PLTD PARTNR INT A0.75%$382,39221.0K
31PEPPEPSICO INCCOM0.71%$358,4202.0K
32ECLECOLAB INCCOM0.63%$317,7181.4K
33KOCOCA COLA COCOM0.62%$313,6705.1K
34MKCMCCORMICK & CO INCCOM NON VTG0.60%$306,8564.0K
35MRKMERCK & CO INCCOM0.58%$296,4922.2K
36LWLAMB WESTON HLDGS INCCOM0.57%$288,3772.7K
37QSRRESTAURANT BRANDS INTL INCCOM0.57%$288,2453.6K
38CLXCLOROX CO DELCOM0.44%$225,3781.5K
39KDPKEURIG DR PEPPER INCCOM0.40%$203,0666.6K

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 ↗.