SEC 13F Intelligence

Managers / Q1 2025 · view latest →

SL ADVISORS, LLC

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

Reported Value
$57M
Q1 2025
Positions
32
Filings on Record
43
2019–present window
Filed
Apr 29, 2025
original filing

Summary

Sl Advisors, LLC reported $57M in U.S.-listed holdings across 32 positions for Q1 2025.

Its largest position, ET, represents 12.3% of the portfolio.

Compared with Q4 2024, the fund opened 0 new positions and exited 4.

Portfolio Metrics

Turnover
+6.9%
vs prior filed quarter
Top-10 Concentration
+71.9%
share of reported value
Largest Position
+12.3%
Energy Transfer

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: 69.7%MLP: 20.0%ETP: 9.5%Ltd Part: 0.8%
  • Common Stock · 69.7% · $40M
  • MLP · 20.0% · $11M
  • ETP · 9.5% · $5M
  • Ltd Part · 0.8% · $454,584

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NFENew Fortress EnergyADDED+99.7K165.8K+$377,708$1M
WMWASTE MANAGEMENT INCADDED+4.6K7.7K+$690,467$1M
ENLINK MIDSTREAM L L LPSOLD OUT−67.3K0−$951,729$0
PEPPEPSICO INCSOLD OUT−1.5K0−$226,417$0
QSRRESTAURANT BRANDS FSOLD OUT−3.2K0−$211,314$0
MRKMERCK & CO. INC.SOLD OUT−2.1K0−$209,405$0
SPYSPDR S&P 500 ETFTRIMMED−7.8K2.1K−$5M$1M
OKEONEOK INCADDED+9.3K46.7K+$881,386$5M

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

Holdings — Q1 2025

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ETENERGY TRANSFER LPhistory →COM12.32%$7M378.9K
2NEXTNEXTDECADEhistory →COM11.89%$7M873.8K
3OKEONEOK INChistory →COM8.11%$5M46.7K
4LNGCHENIERE ENERGY INChistory →COM NEW7.37%$4M18.2K
5WMBWILLIAMS COMPANIEShistory →COM7.21%$4M68.9K
6USAIPACER AMERN ENERGY INDEPENDENCE ETFhistory →COM6.71%$4M93.3K
7TRGPTARGA RESOURCES CORPhistory →COM6.52%$4M18.6K
8BRK/BBERKSHIRE HATHAWAY CLASS Bhistory →CL B NEW4.48%$3M4.8K
9EPDENTERPRISE PRODS PART LPhistory →COM4.36%$2M73.1K
10KNTKKINETIK HOLDINGSCOM2.96%$2M23.2K
11ENBENBRIDGE INC Fhistory →COM2.87%$2M37.0K
12TRPTC ENERGY CORP Fhistory →COM2.46%$1M29.8K
13NFENew Fortress Energyhistory →COM2.41%$1M165.8K
14KMIKINDER MORGAN INChistory →COM2.37%$1M47.5K
15SPYSPDR S&P 500 ETFhistory →TR UNIT2.10%$1M2.1K
16PBAPEMBINA PIPELINE CO Fhistory →COM1.86%$1M26.6K
17RSGREPUBLIC SERVICEShistory →COM1.77%$1M4.2K
18WESWESTERN MIDSTREAM PAR LPhistory →COM UNIT LP INT1.73%$990,29024.2K
19MPLXMPLX, LPhistory →COM1.63%$929,91017.4K
20WMWASTE MANAGEMENT INChistory →COM1.22%$698,2343.0K
21ADPAUTO DATA PROCESSINGhistory →COM1.17%$667,2782.2K
22WMRAYTHEON TECHNOLOGIES COhistory →COM1.09%$622,8274.7K
23MCDMCDONALDS CORPCOM0.86%$494,4821.6K
24PAGPPLAINS GP HLDGSLTD PARTNR INT A0.80%$454,58421.3K
25XLPSPDR FUND CONSUMER STAPLES ETFCOM0.69%$396,1544.9K
26PGPROCTER & GAMBLECOM0.63%$361,2902.1K
27ECLECOLAB INCCOM0.57%$326,5341.3K
28KOTHE COCA-COLA COCOM0.49%$277,3133.9K
29MKCMC CORMICK & CO INCCOM NON VTG0.48%$274,7513.3K
30HSYHERSHEY COCOM0.47%$268,0041.6K
31JNJJOHNSON & JOHNSONCOM0.40%$230,8491.4K

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 ↗.