SA
Sl Advisors, LLC: 13F Stock Holdings & Portfolio (Q3 2026)
Sl Advisors, LLCCIK: 0001680365
Sector-focusedContrarianQuality / disciplined sizing
Total reported value
$51.2M
Reporting period: 2026-09-30 · Number of holdings: 31
SL ADVISORS, LLC disclosed 31 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $51.2M and a quarterly turnover rate of 16.7%.
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Personality snowflake
- Concentration
- 30.88
- Portfolio Stability
- 16.71
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 62
- Sizing Uniformity
- 88
Sl Advisors, LLC's disclosed holdings carry a Herfindahl concentration index of 0.077 — mathematically equivalent to about 13 equally-sized positions, well below its 31 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.20), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 70% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out OKE
Trim NEXT
-13.3% -$1.7M
New buy PROP
Add LNG
-1.1% $469.3K
Add ET
-5.3% -$186.2K
Add TRGP
-1.6% -$35.3K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ET | Energy Transfer LP | Stock-Energy | 17.32% | +1.47% | -5.28% | |
| 2 | LNG | Cheniere Energy Inc | Stock-Energy | 9.04% | +1.75% | -1.15% | |
| 3 | TRGP | Targa Resources CORP | Stock-Energy | 9.01% | +0.87% | -1.56% | |
| 4 | NEXT | Nextdecade CORP | Stock-Other | 8.87% | -2.02% | -13.27% | |
| 5 | WMB | Williams Cos Inc | Stock-Energy | 8.46% | +0.11% | -0.62% | |
| 6 | USAI | Pacer Ame Energy Infr Etf-us | ETF-Other | 8.09% | +0.47% | -0.23% | |
| 7 | EPD | Enterprise Products Partners | Stock-Energy | 4.98% | +0.39% | — | |
| 8 | KNTK | Kinetik Holdings Inc | Stock-Other | 3.33% | +0.37% | -2.86% | |
| 9 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 3.13% | +0.24% | -2.30% | |
| 10 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 2.90% | +0.36% | — | |
| 11 | TRP | Tc Energy CORP | Stock-Energy | 2.58% | -0.27% | -6.88% | |
| 12 | ENB | Enbridge Inc | Stock-Energy | 2.47% | -0.18% | -3.51% | |
| 13 | WES | Western Midstream Partners L | Stock-Energy | 2.03% | +0.23% | — | |
| 14 | PROP | Prairie Operating Co | Stock-Other | 1.94% | +1.94% | NEW | |
| 15 | MPLX | Mplx LP | Stock-Energy | 1.88% | +0.19% | — | |
| 16 | KMI | Kinder Morgan, Inc. | Stock-Energy | 1.82% | -0.13% | -11.27% | |
| 17 | PBA | Pembina Pipeline CORP | Stock-Energy | 1.59% | -0.04% | -9.22% | |
| 18 | RTX | Rtx CORP | Stock-Industrials | 1.40% | +0.07% | -4.01% | |
| 19 | SOBO | South Bow CORP | Stock-Other | 1.34% | +0.03% | -2.21% | |
| 20 | RSG | Republic Services Inc | Stock-Industrials | 1.03% | -0.06% | -14.10% | |
| 21 | WM | Waste Management Inc | Stock-Industrials | 0.90% | -0.05% | -6.86% | |
| 22 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 0.77% | +0.06% | +0.04% | |
| 23 | PAGP | Plains Gp Holdings Lp-cl A | Stock-Energy | 0.76% | +0.10% | -2.37% | |
| 24 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.75% | +0.03% | -6.66% | |
| 25 | ECL | Ecolab Inc | Stock-Materials | 0.64% | +0.02% | -6.46% | |
| 26 | ADP | Automatic Data Processing | Stock-Tech | 0.55% | +0.09% | -8.01% | |
| 27 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.53% | +0.08% | -6.98% | |
| 28 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.51% | +0.03% | -7.45% | |
| 29 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.51% | +0.05% | -5.86% | |
| 30 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.48% | -0.07% | -9.10% | |
| 31 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.40% | +0.01% | -5.96% |
Portfolio Performance
Performance for Q4 2026
+0.1%
Performance Last 4 Quarters
+25.3%
- Stdev
- +24.9%
- Beta
- +0.41
- Alpha
- -2.3%
- Max Drawdown
- -46.4%
- Annualized Perf
- +4.2%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +0.4
- Stutzer
- +0.08
- Treynor
- +0.17
- Sterling
- +0.14
- Calmar
- +0.09
- Information Ratio
- -0.62
- Tracking Error
- +25.4%
- Stdev Down
- +18.2%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +55.7%
- Worst 12 Months
- -45%
- Efficiency Ratio
- +0.06
- Sharpe
- +0.29
- Stdev Sectors
- +30.5%
- Skewness
- -0.72
- Kurtosis
- +0.48
- Upside Potential
- +2.07
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 31 | $51.2M | 17 | ||
| 2026 Q2 | 32 | $57.2M | 8 | ||
| 2026 Q1 | 32 | $59.1M | 20 | ||
| 2025 Q4 | 32 | $48.8M | 12 | ||
| 2025 Q3 | 31 | $50.8M | 13 | ||
| 2025 Q2 | 31 | $55.5M | 14 | ||
| 2025 Q1 | 32 | $57.2M | 19 | ||
| 2024 Q4 | 35 | $60.5M | 21 | ||
| 2024 Q3 | 47 | $55.6M | 19 | ||
| 2024 Q2 | 32 | $50.6M | 15 | ||
| 2024 Q1 | 39 | $50.8M | 17 | ||
| 2023 Q4 | 41 | $46.5M | 56 | ||
| 2023 Q3 | 43 | $74.3M | 68 | ||
| 2023 Q2 | 46 | $44.5M | 17 | ||
| 2023 Q1 | 50 | $46.6M | 9 | ||
| 2022 Q4 | 51 | $45.2M | 100 | ||
| 2022 Q3 | 45 | $40.3M | 0 | ||
| 2022 Q2 | 47 | $41.8M | 0 | ||
| 2022 Q1 | 46 | $48.9M | 0 | ||
| 2021 Q4 | 47 | $40.7M | 0 | ||
| 2021 Q3 | 49 | $39.6M | 0 | ||
| 2021 Q2 | 50 | $39.3M | 91 | ||
| 2021 Q1 | 50 | $33.1M | 20 | ||
| 2020 Q4 | 49 | $30.9M | 16 | ||
| 2020 Q3 | 45 | $27.4M | 19 | ||
| 2020 Q2 | 43 | $26.3M | 19 | ||
| 2020 Q1 | 44 | $23.0M | 70 | ||
| 2019 Q4 | 48 | $40.5M | 38 | ||
| 2019 Q3 | 67 | $51.9M | 12 | ||
| 2019 Q2 | 74 | $57.8M | 18 | ||
| 2019 Q1 | 75 | $64.7M | 32 | ||
| 2018 Q4 | 74 | $48.6M | 22 | ||
| 2018 Q3 | 75 | $54.3M | 37 | ||
| 2018 Q2 | 64 | $44.7M | 34 | ||
| 2018 Q1 | 70 | $50.3M | 19 | ||
| 2017 Q4 | 74 | $58.7M | 100 | ||
| 2017 Q3 | 58 | $219.8M | 26 | ||
| 2017 Q2 | 58 | $192.9M | 20 | ||
| 2017 Q1 | 57 | $176.1M | 34 | ||
| 2016 Q4 | 56 | $149.1M | 46 | ||
| 2016 Q3 | 60 | $124.4M | 31 | ||
| 2016 Q2 | 56 | $107.6M | 0 |
Holding changes this quarter
Sl Advisors, LLC's most significant position changes for 2026-09-30: Sold out: Oneok Inc (OKE); New buy: Prairie Operating Co (PROP); Sold out: Hershey Co/the (HSY); Trim: Nextdecade CORP (NEXT) — shares -13.27%; Trim: Cheniere Energy Inc (LNG) — shares -1.15%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PROP | Prairie Operating Co | +1.9% | NEW | New buy |
| 2 | LNG | Cheniere Energy Inc | +1.8% | -1.15% | Trim |
| 3 | ET | Energy Transfer LP | +1.5% | -5.28% | Trim |
| 4 | TRGP | Targa Resources CORP | +0.9% | -1.56% | Trim |
| 5 | USAI | Pacer Ame Energy Infr Etf-us | +0.5% | -0.23% | Trim |
| 6 | EPD | Enterprise Products Partners | +0.4% | — | Unchanged |
| 7 | KNTK | Kinetik Holdings Inc | +0.4% | -2.86% | Trim |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.4% | — | Unchanged |
| 9 | BRK-B | Berkshire Hathaway Inc-cl B | +0.2% | -2.30% | Trim |
| 10 | WES | Western Midstream Partners L | +0.2% | — | Unchanged |
| 11 | MPLX | Mplx LP | +0.2% | — | Unchanged |
| 12 | WMB | Williams Cos Inc | +0.1% | -0.62% | Trim |
| 13 | PAGP | Plains Gp Holdings Lp-cl A | +0.1% | -2.37% | Trim |
| 14 | ADP | Automatic Data Processing | +0.1% | -8.01% | Trim |
| 15 | MRK | Merck & Co. Inc. | +0.1% | -6.98% | Trim |
| 16 | RTX | Rtx CORP | +0.1% | -4.01% | Trim |
| 17 | XLP | Ss Consumer Staples Sel Sect | +0.1% | +0.04% | Add |
| 18 | KO | Coca-cola Co/the | +0.1% | -5.86% | Trim |
| 19 | SOBO | South Bow CORP | 0% | -2.21% | Trim |
| 20 | LMT | Lockheed Martin CORP | 0% | -6.66% | Trim |
| 21 | JNJ | Johnson & Johnson | 0% | -7.45% | Trim |
| 22 | ECL | Ecolab Inc | 0% | -6.46% | Trim |
| 23 | PG | Procter & Gamble Co/the | 0% | -5.96% | Trim |
| 24 | PBA | Pembina Pipeline CORP | 0% | -9.22% | Trim |
| 25 | WM | Waste Management Inc | -0.1% | -6.86% | Trim |
| 26 | RSG | Republic Services Inc | -0.1% | -14.10% | Trim |
| 27 | MCD | Mcdonald's CORP | -0.1% | -9.10% | Trim |
| 28 | KMI | Kinder Morgan, Inc. | -0.1% | -11.27% | Trim |
| 29 | ENB | Enbridge Inc | -0.2% | -3.51% | Trim |
| 30 | TRP | Tc Energy CORP | -0.3% | -6.88% | Trim |
| 31 | HSY | Hershey Co/the | -0.4% | EXIT | Sold out |
| 32 | NEXT | Nextdecade CORP | -2% | -13.27% | Trim |
| 33 | OKE | Oneok Inc | -5.8% | EXIT | Sold out |
Filing History
FAQ
What is Sl Advisors, LLC and what type of investor is it?
Sl Advisors, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $51.2M, spread across 31 disclosed positions.
What are Sl Advisors, LLC's largest equity positions?
Based on the latest 13F filing, Sl Advisors, LLC's top holdings by market value are:
1. Energy Transfer LP (ET) — $8.9M (17.3%)
2. Cheniere Energy Inc (LNG) — $4.6M (9.0%)
3. Targa Resources CORP (TRGP) — $4.6M (9.0%)
4. Nextdecade CORP (NEXT) — $4.5M (8.9%)
5. Williams Cos Inc (WMB) — $4.3M (8.5%)
What changes did Sl Advisors, LLC make in its most recent portfolio filing?
In the latest reported quarter, Sl Advisors, LLC made 29 notable position adjustments: 1 new positions were initiated, 1 existing holdings were added to, 25 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Oneok Inc (OKE); New buy: Prairie Operating Co (PROP); Sold out: Hershey Co/the (HSY); Trim: Nextdecade CORP (NEXT) — shares -13.27%; Trim: Cheniere Energy Inc (LNG) — shares -1.15%
What sectors does Sl Advisors, LLC focus on?
Sl Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 89.0%
• Industrials: 5.9%
• Health Care: 1.5%
• Consumer Staples: 1.3%
• Materials: 0.9%
• Information Technology: 0.8%
Investment Profile
Sl Advisors, LLC returned an annualized 4.2% over the trailing 36 months — underperforming the S&P 500 by 2.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.41 (less volatile than the market) and a 53% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 89.0% of the portfolio concentrated in Energy.
It has added to its SPY position over the past two quarters (+$88.6K, now $1.5M), while trimming NEXT over the same stretch (-$3.0M, still holding $4.5M).
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Developer Access
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