SEC 13F Intelligence

Managers / Q2 2025 · view latest →

SL ADVISORS, LLC

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

Reported Value
$56M
Q2 2025
Positions
31
Filings on Record
43
2019–present window
Filed
Jul 22, 2025
original filing

Summary

Sl Advisors, LLC reported $56M in U.S.-listed holdings across 31 positions for Q2 2025.

Its largest position, NEXT, represents 15.4% of the portfolio.

Compared with Q1 2025, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+5.6%
vs prior filed quarter
Top-10 Concentration
+72.9%
share of reported value
Largest Position
+15.4%
Nextdecade
New / Exited
1 / 1
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: 69.6%MLP: 19.8%ETP: 10.0%Ltd Part: 0.7%
  • Common Stock · 69.6% · $39M
  • MLP · 19.8% · $11M
  • ETP · 10.0% · $6M
  • Ltd Part · 0.7% · $413,509

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RTXRAYTHEON TECHNOLOGIES CONEW+4.7K4.7K+$686,586$686,586
JNJJOHNSON & JOHNSONSOLD OUT−1.4K0−$230,849$0
WMWASTE MANAGEMENT INCTRIMMED−4.7K3.0K−$630,940$690,121
NFENew Fortress EnergyADDED+73.6K239.4K−$582,985$794,805
BRK/BBERKSHIRE HATHAWAY CLASS BTRIMMED−1.7K3.1K−$1M$2M
HSYHERSHEY COTRIMMED−3341.2K−$63,388$204,616
NEXTNEXTDECADEADDED+86.5K960.3K+$2M$9M
PGPROCTER & GAMBLEHELD−942.0K−$38,508$322,782

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

Holdings — Q2 2025

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NEXTNEXTDECADEhistory →COM15.41%$9M960.3K
2ETENERGY TRANSFER LPhistory →COM12.37%$7M378.9K
3LNGCHENIERE ENERGY INChistory →COM NEW7.99%$4M18.2K
4WMBWILLIAMS COMPANIEShistory →COM7.80%$4M68.9K
5OKEONEOK INChistory →COM6.87%$4M46.7K
6USAIPACER AMERN ENERGY INDEPENDENCE ETFhistory →COM6.85%$4M93.5K
7TRGPTARGA RESOURCES CORPhistory →COM5.76%$3M18.4K
8EPDENTERPRISE PRODS PART LPhistory →COM4.08%$2M73.1K
9ENBENBRIDGE INC Fhistory →COM3.02%$2M37.0K
10BRK/BBERKSHIRE HATHAWAY CLASS Bhistory →CL B NEW2.74%$2M3.1K
11KNTKKINETIK HOLDINGSCOM2.73%$2M23.1K
12TRPTC ENERGY CORP Fhistory →COM2.62%$1M29.8K
13KMIKINDER MORGAN INChistory →COM2.51%$1M47.5K
14SPYSPDR S&P 500 ETFhistory →TR UNIT2.39%$1M2.1K
15RSGREPUBLIC SERVICEShistory →COM1.86%$1M4.2K
16PBAPEMBINA PIPELINE CO Fhistory →COM1.75%$968,77125.8K
17WESWESTERN MIDSTREAM PAR LPhistory →COM UNIT LP INT1.69%$935,65024.2K
18MPLXMPLX, LPhistory →COM1.61%$894,98617.4K
19NFENew Fortress Energyhistory →COM1.43%$794,805239.4K
20WMWASTE MANAGEMENT INChistory →COM1.24%$690,1213.0K
21RTXRAYTHEON TECHNOLOGIES COhistory →COM1.24%$686,5864.7K
22ADPAUTO DATA PROCESSINGhistory →COM1.21%$673,5462.2K
23MCDMCDONALDS CORPCOM0.83%$462,5051.6K
24PAGPPLAINS GP HLDGSLTD PARTNR INT A0.74%$413,50921.3K
25XLPSPDR FUND CONSUMER STAPLES ETFCOM0.71%$392,9424.9K
26ECLECOLAB INCCOM0.63%$347,0391.3K
27PGPROCTER & GAMBLECOM0.58%$322,7822.0K
28KOTHE COCA-COLA COCOM0.49%$273,9443.9K
29MKCMC CORMICK & CO INCCOM NON VTG0.46%$253,0873.3K
30HSYHERSHEY COCOM0.37%$204,6161.2K

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 ↗.