SEC 13F Intelligence

Managers / Q4 2025 · view latest →

SL ADVISORS, LLC

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

Reported Value
$49M
Q4 2025
Positions
32
Filings on Record
43
2019–present window
Filed
Jan 8, 2026
original filing

Summary

Sl Advisors, LLC reported $49M in U.S.-listed holdings across 32 positions for Q4 2025.

Its largest position, ET, represents 15.0% of the portfolio.

Compared with Q3 2025, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+3.8%
vs prior filed quarter
Top-10 Concentration
+71.9%
share of reported value
Largest Position
+15.0%
Energy Transfer
New / Exited
2 / 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: 64.7%MLP: 23.5%ETP: 11.3%Ltd Part: 0.6%
  • Common Stock · 64.7% · $32M
  • MLP · 23.5% · $11M
  • ETP · 11.3% · $5M
  • Ltd Part · 0.6% · $297,914

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SOBOSOUTH BOW CORP FNEW+21.3K21.3K+$586,100$586,100
MRKMERCK & CO INCNEW+2.0K2.0K+$209,678$209,678
MKCMC CORMICK & CO INCSOLD OUT−3.3K0−$222,342$0
KNTKKINETIK HOLDINGSADDED+13.9K36.2K+$351,544$1M
USAIPACER AMERN ENERGY INDEPENDENCE ETFADDED+12.4K95.9K+$332,640$4M
MCDMCDONALDS CORPTRIMMED−1821.4K−$52,883$426,048
LMTKINETIK HOLDINGSTRIMMED−93883−$60,148$427,081
ADPAUTO DATA PROCESSINGTRIMMED−1632.0K−$120,744$517,032

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

Holdings — Q4 2025

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ETENERGY TRANSFER LPhistory →COM UT LTD PTN14.96%$7M443.0K
2NEXTNEXTDECADEhistory →COM9.96%$5M922.9K
3WMBWILLIAMS COMPANIEShistory →COM8.20%$4M66.6K
4USAIPACER AMERN ENERGY INDEPENDENCE ETFhistory →COM7.49%$4M95.9K
5LNGCHENIERE ENERGY INChistory →COM NEW7.07%$3M17.8K
6TRGPTARGA RESOURCES CORPhistory →COM6.76%$3M17.9K
7OKEONEOK INChistory →COM5.95%$3M39.5K
8EPDENTERPRISE PRODS PART LPhistory →COM4.71%$2M71.7K
9KNTKKINETIK HOLDINGSCOM NEW CL A3.55%$2M37.1K
10BRK/BBERKSHIRE HATHAWAY CLASS Bhistory →CL B NEW3.22%$2M3.1K
11SPYSPDR S&P 500 ETFhistory →TR UNIT3.00%$1M2.1K
12TRPTC ENERGY CORP Fhistory →COM2.80%$1M24.8K
13ENBENBRIDGE INC Fhistory →COM2.76%$1M28.2K
14KMIKINDER MORGAN INChistory →COM1.98%$966,52135.2K
15WESWESTERN MIDSTREAM PAR LPhistory →COM UNIT LP INT1.91%$932,27923.6K
16MPLXMPLX LPhistory →COM UNIT REP LTD1.88%$919,51217.2K
17RTXRAYTHEON TECHNOLOGIES COhistory →COM1.76%$861,4304.7K
18RSGREPUBLIC SERVICEShistory →COM1.71%$835,0043.9K
19PBAPEMBINA PIPELINE CO Fhistory →COM1.58%$772,39020.3K
20WMWASTE MANAGEMENT INChistory →COM1.28%$623,0982.8K
21SOBOSOUTH BOW CORP Fhistory →COM1.20%$586,10021.3K
22ADPAUTO DATA PROCESSINGhistory →COM1.06%$517,0322.0K
23MCDMCDONALDS CORPCOM0.87%$426,0481.4K
24XLPSPDR FUND CONSUMER STAPLES ETFSBI CONS STPLS0.77%$377,3634.9K
25ECLECOLAB INCCOM0.69%$338,9131.3K
26PAGPPLAINS GP HLDGSLTD PARTNR INT A0.61%$297,91415.6K
27KOTHE COCA-COLA COCOM0.47%$230,7033.3K
28JNJJOHNSON & JOHNSONCOM0.47%$228,2661.1K
29HSYHERSHEY COCOM0.46%$224,5631.2K
30PGPROCTER & GAMBLECOM0.45%$220,8411.5K
31MRKMERCK & CO INCCOM0.43%$209,6782.0K

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 ↗.