Sl Advisors, LLC: 13F Holdings & AI Insights

Sector-focusedMomentum followerQuality / disciplined sizing

Total reported value

$57.2M

Reporting period: 2026-06-30 · Number of holdings: 32

SL ADVISORS, LLC disclosed 32 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $57.2M and a quarterly turnover rate of 8.3%.

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Personality snowflake

Concentration: 29.26
Portfolio Stability: 8.27
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 64
Sizing Uniformity: 88.23

Recent moves

Add ET
+11.5%　$858.9K
Trim NEXT
-16.4%　-$1.3M
Trim LNG
-0.5%　-$802.8K
Add TRGP
-0.5%　$278.9K
Trim RSG
-24.9%　-$229.8K
Add WMB
-2.3%　-$11.4K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	ET	Energy Transfer LP	Stock-Energy	15.85%	+1.97%	+11.51%
2	NEXT	Nextdecade CORP	Stock-Other	10.89%	-1.91%	-16.37%
3	WMB	Williams Cos INC	Stock-Energy	8.35%	+0.25%	-2.33%
4	TRGP	Targa Resources CORP	Stock-Energy	8.14%	+0.74%	-0.53%
5	USAI	Pacer Ame Energy Infr Etf-us	ETF-Other	7.62%	-0.01%	-0.12%
6	LNG	Cheniere Energy INC	Stock-Energy	7.29%	-1.12%	-0.46%
7	OKE	Oneok INC	Stock-Energy	5.80%	-0.17%	-2.26%
8	EPD	Enterprise Products Partners	Stock-Energy	4.59%	-0.01%	-0.55%
9	KNTK	Kinetik Holdings INC	Stock-Other	2.96%	+0.08%	-0.64%
10	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	2.89%	-0.02%	-8.08%
11	TRP	Tc Energy CORP	Stock-Energy	2.85%	+0.23%	-0.70%
12	ENB	Enbridge INC	Stock-Energy	2.65%	+0.08%	-0.60%
13	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	2.54%	+0.18%	-9.32%
14	KMI	Kinder Morgan INC	Stock-Energy	1.95%	-0.03%	-0.14%
15	WES	Western Midstream Partners L	Stock-Energy	1.80%	+0.16%	-0.58%
16	MPLX	Mplx LP	Stock-Energy	1.69%	+0.03%	-0.66%
17	PBA	Pembina Pipeline CORP	Stock-Energy	1.63%	+0.09%	-0.66%
18	RTX	Rtx CORP	Stock-Industrials	1.33%	-0.09%	-7.61%
19	SOBO	South Bow CORP	Stock-Other	1.31%	+0.11%	-0.44%
20	RSG	Republic Services INC	Stock-Industrials	1.09%	-0.35%	-24.92%
21	WM	Waste Management INC	Stock-Industrials	0.95%	-0.14%	-12.94%
22	LMT	Lockheed Martin CORP	Stock-Industrials	0.72%	-0.02%	+12.02%
23	XLP	Ss Consumer Staples Sel Sect	ETF-Other	0.71%	+0.04%	+0.04%
24	PAGP	Plains Gp Holdings Lp-cl A	Stock-Energy	0.66%	+0.02%	-0.74%
25	ECL	Ecolab INC	Stock-Materials	0.62%	+0.05%	—
26	MCD	Mcdonald's CORP	Stock-Consumer Disc	0.55%	-0.17%	-15.15%
27	JNJ	Johnson & Johnson	Stock-Healthcare	0.48%	+0.04%	—
28	ADP	Automatic Data Processing	Stock-Tech	0.46%	+0.02%	-7.49%
29	KO	Coca-cola Co/the	Stock-Consumer Staples	0.46%	+0.01%	-9.07%
30	MRK	Merck & Co. INC.	Stock-Healthcare	0.45%	+0.04%	—
31	PG	Procter & Gamble Co/the	Stock-Consumer Staples	0.39%	+0.02%	—
32	HSY	Hershey Co/the	Stock-Consumer Staples	0.37%	-0.05%	—

Portfolio Performance

Performance for Q3 2026

+4.1%

Performance Last 4 Quarters

-13.6%

Based on 50% of reported portfolio value with available pricing

Stdev: +19.2%
Beta: +0.66
Alpha: +2.7%
Max Drawdown: -20.2%
Annualized Perf: +10.9%
Batting Avg vs S&P: +51.9%
Sortino: +1
Stutzer: +0.19
Treynor: +0.18
Sterling: +0.48
Calmar: +0.54
Information Ratio: -0.12
Tracking Error: +17.9%
Stdev Down: +12.2%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: +50.8%
Worst 12 Months: -11.8%
Efficiency Ratio: +0.22
Sharpe: +0.64
Stdev Sectors: +30.5%
Skewness: -0.28
Kurtosis: +0.12
Upside Potential: +2.72

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-06-30	32	$57.2M	8	1ET 2NEXT 3WMB Top holdings2026-06-30 1.ET 2.NEXT 3.WMB 4.TRGP 5.USAI 6.LNG 7.OKE 8.EPD 9.KNTK 10.BRK-B
2026-03-31	32	$59.1M	20	1ET 2NEXT 3LNG Top holdings2026-03-31 1.ET 2.NEXT 3.LNG 4.WMB 5.USAI 6.TRGP 7.OKE 8.EPD 9.BRK-B 10.KNTK
2025-12-31	32	$48.8M	12	1ET 2NEXT 3WMB Top holdings2025-12-31 1.ET 2.NEXT 3.WMB 4.USAI 5.LNG 6.TRGP 7.OKE 8.EPD 9.BRK-B 10.SPY
2025-09-30	31	$50.8M	13	1ET 2NEXT 3WMB Top holdings2025-09-30 1.ET 2.NEXT 3.WMB 4.LNG 5.USAI 6.TRGP 7.OKE 8.EPD 9.BRK-B 10.ENB
2025-06-30	31	$55.5M	14	1NEXT 2ET 3LNG Top holdings2025-06-30 1.NEXT 2.ET 3.LNG 4.WMB 5.OKE 6.USAI 7.TRGP 8.EPD 9.ENB 10.BRK-B
2025-03-31	32	$57.2M	19	1ET 2NEXT 3OKE Top holdings2025-03-31 1.ET 2.NEXT 3.OKE 4.LNG 5.WMB 6.USAI 7.TRGP 8.BRK-B 9.EPD 10.ENB
2024-12-31	35	$60.5M	21	1ET 2NEXT 3SPY Top holdings2024-12-31 1.ET 2.NEXT 3.SPY 4.TRGP 5.LNG 6.USAI 7.OKE 8.WMB 9.EPD 10.BRK-B
2024-09-30	47	$55.6M	19	1ET 2SPY 3NEXT Top holdings2024-09-30 1.ET 2.SPY 3.NEXT 4.TRGP 5.OKE 6.USAI 7.LNG 8.WMB 9.BRK-B 10.EPD
2024-06-30	32	$50.6M	15	1NEXT 2ET 3SPY Top holdings2024-06-30 1.NEXT 2.ET 3.SPY 4.USAI 5.LNG 6.OKE 7.TRGP 8.WMB 9.EPD 10.BRK-B
2024-03-31	39	$50.8M	17	1ET 2SPY 3NEXT Top holdings2024-03-31 1.ET 2.SPY 3.NEXT 4.OKE 5.USAI 6.LNG 7.WMB 8.TRGP 9.EPD 10.BRK-B
2023-12-31	41	$46.5M	56	1ET 2SPY 3USAI Top holdings2023-12-31 1.ET 2.SPY 3.USAI 4.LNG 5.OKE 6.NEXT 7.WMB 8.TRGP 9.EPD 10.ENB
2023-09-30	43	$74.3M	68	1ECL 2ET 3SPY Top holdings2023-09-30 1.ECL 2.ET 3.SPY 4.LNG 5.USAI 6.MRK 7.OKE 8.WMB 9.NEXT 10.TRGP
2023-06-30	46	$44.5M	17	1ET 2NEXT 3SPY Top holdings2023-06-30 1.ET 2.NEXT 3.SPY 4.LNG 5.WMB 6.EPD 7.TRGP 8.BRK-B 9.OKE 10.ENB
2023-03-31	50	$46.6M	9	1ET 2NEXT 3SPY Top holdings2023-03-31 1.ET 2.NEXT 3.SPY 4.LNG 5.WMB 6.IWV 7.EPD 8.TRGP 9.OKE 10.BRK-B
2022-12-31	51	$45.2M	100	1ET 2SPY 3LNG Top holdings2022-12-31 1.ET 2.SPY 3.LNG 4.WMB 5.NEXT 6.IWV 7.TRGP 8.EPD 9.OKE 10.BRK-B
2022-09-30	45	$40.3M	0	1ET 2LNG 3SPY Top holdings2022-09-30 1.ET 2.LNG 3.SPY 4.NEXT 5.WMB 6.EPD 7.IWV 8.ENB 9.TRGP 10.BRK-B
2022-06-30	47	$41.8M	0	1ET 2SPY 3LNG Top holdings2022-06-30 1.ET 2.SPY 3.LNG 4.WMB 5.NEXT 6.IWV 7.ENB 8.EPD 9.BRK-B 10.TRGP
2022-03-31	46	$48.9M	0	1ET 2NEXT 3SPY Top holdings2022-03-31 1.ET 2.NEXT 3.SPY 4.LNG 5.WMB 6.IWV 7.ENB 8.BRK-B 9.TRGP 10.EPD
2021-12-31	47	$40.7M	0	1ET 2SPY 3IWV Top holdings2021-12-31 1.ET 2.SPY 3.IWV 4.WMB 5.LNG 6.ENB 7.BRK-B 8.EPD 9.OKE 10.TRGP
2021-09-30	49	$39.6M	0	1ET 2SPY 3IWV Top holdings2021-09-30 1.ET 2.SPY 3.IWV 4.WMB 5.LNG 6.EPD 7.ENB 8.OKE 9.BRK-B 10.TRGP
2021-06-30	50	$39.3M	91	1SPY 2ET 3IWV Top holdings2021-06-30 1.SPY 2.ET 3.IWV 4.WMB 5.EPD 6.ENB 7.BRK-B 8.LNG 9.OKE 10.TRGP
2021-03-31	50	$33.1M	20	1SPY 2IWV 3WMB Top holdings2021-03-31 1.SPY 2.IWV 3.WMB 4.EPD 5.BRK-B 6.ENB 7.ET 8.OKE 9.LNG 10.IGSB
2020-12-31	49	$30.9M	16	1IWV 2XLP 3EPD Top holdings2020-12-31 1.IWV 2.XLP 3.EPD 4.BRK-B 5.WMB 6.ENB 7.OKE 8.IGSB 9.ET 10.LNG
2020-09-30	45	$27.4M	19	1IWV 2XLP 3WMB Top holdings2020-09-30 1.IWV 2.XLP 3.WMB 4.BRK-B 5.ENB 6.EPD 7.IGSB 8.SPY 9.ET 10.LNG
2020-06-30	43	$26.3M	19	1SPY 2IWV 3XLP Top holdings2020-06-30 1.SPY 2.IWV 3.XLP 4.WMB 5.ENB 6.EPD 7.IGSB 8.BRK-B 9.ET 10.WEP
2020-03-31	44	$23.0M	70	1SPY 2IWV 3ENB Top holdings2020-03-31 1.SPY 2.IWV 3.ENB 4.XLP 5.WMB 6.EPD 7.IGSB 8.KMI 9.WEP 10.BRK-B
2019-12-31	48	$40.5M	38	1IWV 2EPD 3ENB Top holdings2019-12-31 1.IWV 2.EPD 3.ENB 4.WMB 5.OKE 6.ET 7.KMI 8.XLP 9.WEP 10.LNG
2019-09-30	67	$51.9M	12	126922A2EPD 3ENB Top holdings2019-09-30 1.26922A 2.EPD 3.ENB 4.OKE 5.WMB 6.KMI 7.IWV 8.ET 9.WEP 10.CEQPUSD
2019-06-30	74	$57.8M	18	126922A2EPD 3WMB Top holdings2019-06-30 1.26922A 2.EPD 3.WMB 4.ENB 5.OKE 6.KMI 7.IWV 8.ET 9.CEQPUSD 10.WEP
2019-03-31	75	$64.7M	32	126922A2EPD 3WMB Top holdings2019-03-31 1.26922A 2.EPD 3.WMB 4.ENB 5.OKE 6.KMI 7.ET 8.IWV 9.TCPA 10.CEQPUSD
2018-12-31	74	$48.6M	22	126922A2EPD 3ENB Top holdings2018-12-31 1.26922A 2.EPD 3.ENB 4.WMB 5.OKE 6.ET 7.IWV 8.KMI 9.WEP 10.CEQPUSD
2018-09-30	75	$54.3M	37	126922A2EPD 3WMB Top holdings2018-09-30 1.26922A 2.EPD 3.WMB 4.OKE 5.ENB 6.ET 7.KMI 8.IWV 9.CEQPUSD 10.WEP
2018-06-30	64	$44.7M	34	126922A2ENB 3ET Top holdings2018-06-30 1.26922A 2.ENB 3.ET 4.EPD 5.OKE 6.IWV 7.KMI 8.WEP 9.CEQPUSD 10.PAGP
2018-03-31	70	$50.3M	19	1ENB 2WMB 3OKE Top holdings2018-03-31 1.ENB 2.WMB 3.OKE 4.26922A 5.IWV 6.EPD 7.ET 8.KMI 9.PAGP 10.0E41
2017-12-31	74	$58.7M	100	1ENB 2WMB326922A Top holdings2017-12-31 1.ENB 2.WMB 3.26922A 4.OKE 5.KMI 6.EPD 7.IWV 8.ET 9.WEP 10.PAGP
2017-09-30	58	$219.8M	26	10E41 2TRGP 3KMI Top holdings2017-09-30 1.0E41 2.TRGP 3.KMI 4.67059L 5.TEGPUSD 6.WMB 7.OKE 8.ENB 9.ET 10.TCPA
2017-06-30	58	$192.9M	20	1PAGP 20E41 3KMI Top holdings2017-06-30 1.PAGP 2.0E41 3.KMI 4.TRGP 5.67059L 6.WMB 7.OKE 8.ET 9.ENB 10.CEQPUSD
2017-03-31	57	$176.1M	34	10E41 2KMI 3TRGP Top holdings2017-03-31 1.0E41 2.KMI 3.TRGP 4.67059L 5.WMB 6.ENB 7.ET 8.OKE 9.TEGPUSD 10.WES
2016-12-31	56	$149.1M	46	1WMB 20E41 3TRGP Top holdings2016-12-31 1.WMB 2.0E41 3.TRGP 4.67059L 5.OKE 6.KMI 7.ET 8.847560 9.TCPA 10.TEGPUSD
2016-09-30	60	$124.4M	31	1PAA 2WMB 30E41 Top holdings2016-09-30 1.PAA 2.WMB 3.0E41 4.TRGP 5.67059L 6.847560 7.KMI 8.OKE 9.ET 10.TCPA
2016-06-30	56	$107.6M	0	1PAA 2WMB 30E41 Top holdings2016-06-30 1.PAA 2.WMB 3.0E41 4.TRGP 5.67059L 6.847560 7.OKE 8.KMI 9.ET 10.TCPA

Holding changes this quarter

Sl Advisors, LLC's most significant position changes for 2026-06-30: Add: Energy Transfer LP (ET) — shares +11.51%; Trim: Nextdecade CORP (NEXT) — shares -16.37%; Trim: Cheniere Energy INC (LNG) — shares -0.46%; Trim: Targa Resources CORP (TRGP) — shares -0.53%; Trim: Republic Services INC (RSG) — shares -24.92%.

Position changes disclosed by Sl Advisors, LLC for the quarter ending 2026-06-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ET	Energy Transfer LP	+2%	+11.51%	Add
2	TRGP	Targa Resources CORP	+0.7%	-0.53%	Trim
3	WMB	Williams Cos INC	+0.3%	-2.33%	Trim
4	TRP	Tc Energy CORP	+0.2%	-0.70%	Trim
5	SPY	Ss Spdr S&p 500 ETF Trust-us	+0.2%	-9.32%	Trim
6	WES	Western Midstream Partners L	+0.2%	-0.58%	Trim
7	SOBO	South Bow CORP	+0.1%	-0.44%	Trim
8	PBA	Pembina Pipeline CORP	+0.1%	-0.66%	Trim
9	KNTK	Kinetik Holdings INC	+0.1%	-0.64%	Trim
10	ENB	Enbridge INC	+0.1%	-0.60%	Trim
11	ECL	Ecolab INC	+0.1%	—	Unchanged
12	MRK	Merck & Co. INC.	0%	—	Unchanged
13	JNJ	Johnson & Johnson	0%	—	Unchanged
14	XLP	Ss Consumer Staples Sel Sect	0%	+0.04%	Add
15	MPLX	Mplx LP	0%	-0.66%	Trim
16	ADP	Automatic Data Processing	0%	-7.49%	Trim
17	PG	Procter & Gamble Co/the	0%	—	Unchanged
18	PAGP	Plains Gp Holdings Lp-cl A	0%	-0.74%	Trim
19	KO	Coca-cola Co/the	0%	-9.07%	Trim
20	USAI	Pacer Ame Energy Infr Etf-us	0%	-0.12%	Trim
21	EPD	Enterprise Products Partners	0%	-0.55%	Trim
22	BRK-B	Berkshire Hathaway Inc-cl B	0%	-8.08%	Trim
23	LMT	Lockheed Martin CORP	0%	+12.02%	Add
24	KMI	Kinder Morgan INC	0%	-0.14%	Trim
25	HSY	Hershey Co/the	-0.1%	—	Unchanged
26	RTX	Rtx CORP	-0.1%	-7.61%	Trim
27	WM	Waste Management INC	-0.1%	-12.94%	Trim
28	OKE	Oneok INC	-0.2%	-2.26%	Trim
29	MCD	Mcdonald's CORP	-0.2%	-15.15%	Trim
30	RSG	Republic Services INC	-0.4%	-24.92%	Trim
31	LNG	Cheniere Energy INC	-1.1%	-0.46%	Trim
32	NEXT	Nextdecade CORP	-1.9%	-16.37%	Trim

FAQ

What is Sl Advisors, LLC and what type of investor is it?

Sl Advisors, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $57.2M, spread across 32 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) — $9.1M (15.8%) 2. Nextdecade CORP (NEXT) — $6.2M (10.9%) 3. Williams Cos INC (WMB) — $4.8M (8.3%) 4. Targa Resources CORP (TRGP) — $4.7M (8.1%) 5. Pacer Ame Energy Infr Etf-us (USAI) — $4.4M (7.6%)

What changes did Sl Advisors, LLC make in its most recent portfolio filing?

In the latest reported quarter, Sl Advisors, LLC made 27 notable position adjustments: 0 new positions were initiated, 3 existing holdings were added to, 24 positions were partially reduced, and 0 were completely exited. The largest of these moves: Add: Energy Transfer LP (ET) — shares +11.51%; Trim: Nextdecade CORP (NEXT) — shares -16.37%; Trim: Cheniere Energy INC (LNG) — shares -0.46%; Trim: Targa Resources CORP (TRGP) — shares -0.53%; Trim: Republic Services INC (RSG) — shares -24.92%

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: 88.9% • Industrials: 5.8% • Consumer Staples: 1.7% • Health Care: 1.3% • Materials: 0.9% • Consumer Discretionary: 0.8%

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Sl Advisors, LLC: 13F Holdings & AI Insights

Sector-focusedMomentum followerQuality / disciplined sizing

Total reported value

$57.2M

Reporting period: 2026-06-30 · Number of holdings: 32

SL ADVISORS, LLC disclosed 32 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $57.2M and a quarterly turnover rate of 8.3%.

Browse other institutions with under $100M AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 29.26
Portfolio Stability: 8.27
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 64
Sizing Uniformity: 88.23

Recent moves

Add ET
+11.5%　$858.9K
Trim NEXT
-16.4%　-$1.3M
Trim LNG
-0.5%　-$802.8K
Add TRGP
-0.5%　$278.9K
Trim RSG
-24.9%　-$229.8K
Add WMB
-2.3%　-$11.4K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	ET	Energy Transfer LP	Stock-Energy	15.85%	+1.97%	+11.51%
2	NEXT	Nextdecade CORP	Stock-Other	10.89%	-1.91%	-16.37%
3	WMB	Williams Cos INC	Stock-Energy	8.35%	+0.25%	-2.33%
4	TRGP	Targa Resources CORP	Stock-Energy	8.14%	+0.74%	-0.53%
5	USAI	Pacer Ame Energy Infr Etf-us	ETF-Other	7.62%	-0.01%	-0.12%
6	LNG	Cheniere Energy INC	Stock-Energy	7.29%	-1.12%	-0.46%
7	OKE	Oneok INC	Stock-Energy	5.80%	-0.17%	-2.26%
8	EPD	Enterprise Products Partners	Stock-Energy	4.59%	-0.01%	-0.55%
9	KNTK	Kinetik Holdings INC	Stock-Other	2.96%	+0.08%	-0.64%
10	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	2.89%	-0.02%	-8.08%
11	TRP	Tc Energy CORP	Stock-Energy	2.85%	+0.23%	-0.70%
12	ENB	Enbridge INC	Stock-Energy	2.65%	+0.08%	-0.60%
13	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	2.54%	+0.18%	-9.32%
14	KMI	Kinder Morgan INC	Stock-Energy	1.95%	-0.03%	-0.14%
15	WES	Western Midstream Partners L	Stock-Energy	1.80%	+0.16%	-0.58%
16	MPLX	Mplx LP	Stock-Energy	1.69%	+0.03%	-0.66%
17	PBA	Pembina Pipeline CORP	Stock-Energy	1.63%	+0.09%	-0.66%
18	RTX	Rtx CORP	Stock-Industrials	1.33%	-0.09%	-7.61%
19	SOBO	South Bow CORP	Stock-Other	1.31%	+0.11%	-0.44%
20	RSG	Republic Services INC	Stock-Industrials	1.09%	-0.35%	-24.92%
21	WM	Waste Management INC	Stock-Industrials	0.95%	-0.14%	-12.94%
22	LMT	Lockheed Martin CORP	Stock-Industrials	0.72%	-0.02%	+12.02%
23	XLP	Ss Consumer Staples Sel Sect	ETF-Other	0.71%	+0.04%	+0.04%
24	PAGP	Plains Gp Holdings Lp-cl A	Stock-Energy	0.66%	+0.02%	-0.74%
25	ECL	Ecolab INC	Stock-Materials	0.62%	+0.05%	—
26	MCD	Mcdonald's CORP	Stock-Consumer Disc	0.55%	-0.17%	-15.15%
27	JNJ	Johnson & Johnson	Stock-Healthcare	0.48%	+0.04%	—
28	ADP	Automatic Data Processing	Stock-Tech	0.46%	+0.02%	-7.49%
29	KO	Coca-cola Co/the	Stock-Consumer Staples	0.46%	+0.01%	-9.07%
30	MRK	Merck & Co. INC.	Stock-Healthcare	0.45%	+0.04%	—
31	PG	Procter & Gamble Co/the	Stock-Consumer Staples	0.39%	+0.02%	—
32	HSY	Hershey Co/the	Stock-Consumer Staples	0.37%	-0.05%	—

Portfolio Performance

Performance for Q3 2026

+4.1%

Performance Last 4 Quarters

-13.6%

Based on 50% of reported portfolio value with available pricing

Stdev: +19.2%
Beta: +0.66
Alpha: +2.7%
Max Drawdown: -20.2%
Annualized Perf: +10.9%
Batting Avg vs S&P: +51.9%
Sortino: +1
Stutzer: +0.19
Treynor: +0.18
Sterling: +0.48
Calmar: +0.54
Information Ratio: -0.12
Tracking Error: +17.9%
Stdev Down: +12.2%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: +50.8%
Worst 12 Months: -11.8%
Efficiency Ratio: +0.22
Sharpe: +0.64
Stdev Sectors: +30.5%
Skewness: -0.28
Kurtosis: +0.12
Upside Potential: +2.72

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-06-30	32	$57.2M	8	1ET 2NEXT 3WMB Top holdings2026-06-30 1.ET 2.NEXT 3.WMB 4.TRGP 5.USAI 6.LNG 7.OKE 8.EPD 9.KNTK 10.BRK-B
2026-03-31	32	$59.1M	20	1ET 2NEXT 3LNG Top holdings2026-03-31 1.ET 2.NEXT 3.LNG 4.WMB 5.USAI 6.TRGP 7.OKE 8.EPD 9.BRK-B 10.KNTK
2025-12-31	32	$48.8M	12	1ET 2NEXT 3WMB Top holdings2025-12-31 1.ET 2.NEXT 3.WMB 4.USAI 5.LNG 6.TRGP 7.OKE 8.EPD 9.BRK-B 10.SPY
2025-09-30	31	$50.8M	13	1ET 2NEXT 3WMB Top holdings2025-09-30 1.ET 2.NEXT 3.WMB 4.LNG 5.USAI 6.TRGP 7.OKE 8.EPD 9.BRK-B 10.ENB
2025-06-30	31	$55.5M	14	1NEXT 2ET 3LNG Top holdings2025-06-30 1.NEXT 2.ET 3.LNG 4.WMB 5.OKE 6.USAI 7.TRGP 8.EPD 9.ENB 10.BRK-B
2025-03-31	32	$57.2M	19	1ET 2NEXT 3OKE Top holdings2025-03-31 1.ET 2.NEXT 3.OKE 4.LNG 5.WMB 6.USAI 7.TRGP 8.BRK-B 9.EPD 10.ENB
2024-12-31	35	$60.5M	21	1ET 2NEXT 3SPY Top holdings2024-12-31 1.ET 2.NEXT 3.SPY 4.TRGP 5.LNG 6.USAI 7.OKE 8.WMB 9.EPD 10.BRK-B
2024-09-30	47	$55.6M	19	1ET 2SPY 3NEXT Top holdings2024-09-30 1.ET 2.SPY 3.NEXT 4.TRGP 5.OKE 6.USAI 7.LNG 8.WMB 9.BRK-B 10.EPD
2024-06-30	32	$50.6M	15	1NEXT 2ET 3SPY Top holdings2024-06-30 1.NEXT 2.ET 3.SPY 4.USAI 5.LNG 6.OKE 7.TRGP 8.WMB 9.EPD 10.BRK-B
2024-03-31	39	$50.8M	17	1ET 2SPY 3NEXT Top holdings2024-03-31 1.ET 2.SPY 3.NEXT 4.OKE 5.USAI 6.LNG 7.WMB 8.TRGP 9.EPD 10.BRK-B
2023-12-31	41	$46.5M	56	1ET 2SPY 3USAI Top holdings2023-12-31 1.ET 2.SPY 3.USAI 4.LNG 5.OKE 6.NEXT 7.WMB 8.TRGP 9.EPD 10.ENB
2023-09-30	43	$74.3M	68	1ECL 2ET 3SPY Top holdings2023-09-30 1.ECL 2.ET 3.SPY 4.LNG 5.USAI 6.MRK 7.OKE 8.WMB 9.NEXT 10.TRGP
2023-06-30	46	$44.5M	17	1ET 2NEXT 3SPY Top holdings2023-06-30 1.ET 2.NEXT 3.SPY 4.LNG 5.WMB 6.EPD 7.TRGP 8.BRK-B 9.OKE 10.ENB
2023-03-31	50	$46.6M	9	1ET 2NEXT 3SPY Top holdings2023-03-31 1.ET 2.NEXT 3.SPY 4.LNG 5.WMB 6.IWV 7.EPD 8.TRGP 9.OKE 10.BRK-B
2022-12-31	51	$45.2M	100	1ET 2SPY 3LNG Top holdings2022-12-31 1.ET 2.SPY 3.LNG 4.WMB 5.NEXT 6.IWV 7.TRGP 8.EPD 9.OKE 10.BRK-B
2022-09-30	45	$40.3M	0	1ET 2LNG 3SPY Top holdings2022-09-30 1.ET 2.LNG 3.SPY 4.NEXT 5.WMB 6.EPD 7.IWV 8.ENB 9.TRGP 10.BRK-B
2022-06-30	47	$41.8M	0	1ET 2SPY 3LNG Top holdings2022-06-30 1.ET 2.SPY 3.LNG 4.WMB 5.NEXT 6.IWV 7.ENB 8.EPD 9.BRK-B 10.TRGP
2022-03-31	46	$48.9M	0	1ET 2NEXT 3SPY Top holdings2022-03-31 1.ET 2.NEXT 3.SPY 4.LNG 5.WMB 6.IWV 7.ENB 8.BRK-B 9.TRGP 10.EPD
2021-12-31	47	$40.7M	0	1ET 2SPY 3IWV Top holdings2021-12-31 1.ET 2.SPY 3.IWV 4.WMB 5.LNG 6.ENB 7.BRK-B 8.EPD 9.OKE 10.TRGP
2021-09-30	49	$39.6M	0	1ET 2SPY 3IWV Top holdings2021-09-30 1.ET 2.SPY 3.IWV 4.WMB 5.LNG 6.EPD 7.ENB 8.OKE 9.BRK-B 10.TRGP
2021-06-30	50	$39.3M	91	1SPY 2ET 3IWV Top holdings2021-06-30 1.SPY 2.ET 3.IWV 4.WMB 5.EPD 6.ENB 7.BRK-B 8.LNG 9.OKE 10.TRGP
2021-03-31	50	$33.1M	20	1SPY 2IWV 3WMB Top holdings2021-03-31 1.SPY 2.IWV 3.WMB 4.EPD 5.BRK-B 6.ENB 7.ET 8.OKE 9.LNG 10.IGSB
2020-12-31	49	$30.9M	16	1IWV 2XLP 3EPD Top holdings2020-12-31 1.IWV 2.XLP 3.EPD 4.BRK-B 5.WMB 6.ENB 7.OKE 8.IGSB 9.ET 10.LNG
2020-09-30	45	$27.4M	19	1IWV 2XLP 3WMB Top holdings2020-09-30 1.IWV 2.XLP 3.WMB 4.BRK-B 5.ENB 6.EPD 7.IGSB 8.SPY 9.ET 10.LNG
2020-06-30	43	$26.3M	19	1SPY 2IWV 3XLP Top holdings2020-06-30 1.SPY 2.IWV 3.XLP 4.WMB 5.ENB 6.EPD 7.IGSB 8.BRK-B 9.ET 10.WEP
2020-03-31	44	$23.0M	70	1SPY 2IWV 3ENB Top holdings2020-03-31 1.SPY 2.IWV 3.ENB 4.XLP 5.WMB 6.EPD 7.IGSB 8.KMI 9.WEP 10.BRK-B
2019-12-31	48	$40.5M	38	1IWV 2EPD 3ENB Top holdings2019-12-31 1.IWV 2.EPD 3.ENB 4.WMB 5.OKE 6.ET 7.KMI 8.XLP 9.WEP 10.LNG
2019-09-30	67	$51.9M	12	126922A2EPD 3ENB Top holdings2019-09-30 1.26922A 2.EPD 3.ENB 4.OKE 5.WMB 6.KMI 7.IWV 8.ET 9.WEP 10.CEQPUSD
2019-06-30	74	$57.8M	18	126922A2EPD 3WMB Top holdings2019-06-30 1.26922A 2.EPD 3.WMB 4.ENB 5.OKE 6.KMI 7.IWV 8.ET 9.CEQPUSD 10.WEP
2019-03-31	75	$64.7M	32	126922A2EPD 3WMB Top holdings2019-03-31 1.26922A 2.EPD 3.WMB 4.ENB 5.OKE 6.KMI 7.ET 8.IWV 9.TCPA 10.CEQPUSD
2018-12-31	74	$48.6M	22	126922A2EPD 3ENB Top holdings2018-12-31 1.26922A 2.EPD 3.ENB 4.WMB 5.OKE 6.ET 7.IWV 8.KMI 9.WEP 10.CEQPUSD
2018-09-30	75	$54.3M	37	126922A2EPD 3WMB Top holdings2018-09-30 1.26922A 2.EPD 3.WMB 4.OKE 5.ENB 6.ET 7.KMI 8.IWV 9.CEQPUSD 10.WEP
2018-06-30	64	$44.7M	34	126922A2ENB 3ET Top holdings2018-06-30 1.26922A 2.ENB 3.ET 4.EPD 5.OKE 6.IWV 7.KMI 8.WEP 9.CEQPUSD 10.PAGP
2018-03-31	70	$50.3M	19	1ENB 2WMB 3OKE Top holdings2018-03-31 1.ENB 2.WMB 3.OKE 4.26922A 5.IWV 6.EPD 7.ET 8.KMI 9.PAGP 10.0E41
2017-12-31	74	$58.7M	100	1ENB 2WMB326922A Top holdings2017-12-31 1.ENB 2.WMB 3.26922A 4.OKE 5.KMI 6.EPD 7.IWV 8.ET 9.WEP 10.PAGP
2017-09-30	58	$219.8M	26	10E41 2TRGP 3KMI Top holdings2017-09-30 1.0E41 2.TRGP 3.KMI 4.67059L 5.TEGPUSD 6.WMB 7.OKE 8.ENB 9.ET 10.TCPA
2017-06-30	58	$192.9M	20	1PAGP 20E41 3KMI Top holdings2017-06-30 1.PAGP 2.0E41 3.KMI 4.TRGP 5.67059L 6.WMB 7.OKE 8.ET 9.ENB 10.CEQPUSD
2017-03-31	57	$176.1M	34	10E41 2KMI 3TRGP Top holdings2017-03-31 1.0E41 2.KMI 3.TRGP 4.67059L 5.WMB 6.ENB 7.ET 8.OKE 9.TEGPUSD 10.WES
2016-12-31	56	$149.1M	46	1WMB 20E41 3TRGP Top holdings2016-12-31 1.WMB 2.0E41 3.TRGP 4.67059L 5.OKE 6.KMI 7.ET 8.847560 9.TCPA 10.TEGPUSD
2016-09-30	60	$124.4M	31	1PAA 2WMB 30E41 Top holdings2016-09-30 1.PAA 2.WMB 3.0E41 4.TRGP 5.67059L 6.847560 7.KMI 8.OKE 9.ET 10.TCPA
2016-06-30	56	$107.6M	0	1PAA 2WMB 30E41 Top holdings2016-06-30 1.PAA 2.WMB 3.0E41 4.TRGP 5.67059L 6.847560 7.OKE 8.KMI 9.ET 10.TCPA

Holding changes this quarter

Position changes disclosed by Sl Advisors, LLC for the quarter ending 2026-06-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ET	Energy Transfer LP	+2%	+11.51%	Add
2	TRGP	Targa Resources CORP	+0.7%	-0.53%	Trim
3	WMB	Williams Cos INC	+0.3%	-2.33%	Trim
4	TRP	Tc Energy CORP	+0.2%	-0.70%	Trim
5	SPY	Ss Spdr S&p 500 ETF Trust-us	+0.2%	-9.32%	Trim
6	WES	Western Midstream Partners L	+0.2%	-0.58%	Trim
7	SOBO	South Bow CORP	+0.1%	-0.44%	Trim
8	PBA	Pembina Pipeline CORP	+0.1%	-0.66%	Trim
9	KNTK	Kinetik Holdings INC	+0.1%	-0.64%	Trim
10	ENB	Enbridge INC	+0.1%	-0.60%	Trim
11	ECL	Ecolab INC	+0.1%	—	Unchanged
12	MRK	Merck & Co. INC.	0%	—	Unchanged
13	JNJ	Johnson & Johnson	0%	—	Unchanged
14	XLP	Ss Consumer Staples Sel Sect	0%	+0.04%	Add
15	MPLX	Mplx LP	0%	-0.66%	Trim
16	ADP	Automatic Data Processing	0%	-7.49%	Trim
17	PG	Procter & Gamble Co/the	0%	—	Unchanged
18	PAGP	Plains Gp Holdings Lp-cl A	0%	-0.74%	Trim
19	KO	Coca-cola Co/the	0%	-9.07%	Trim
20	USAI	Pacer Ame Energy Infr Etf-us	0%	-0.12%	Trim
21	EPD	Enterprise Products Partners	0%	-0.55%	Trim
22	BRK-B	Berkshire Hathaway Inc-cl B	0%	-8.08%	Trim
23	LMT	Lockheed Martin CORP	0%	+12.02%	Add
24	KMI	Kinder Morgan INC	0%	-0.14%	Trim
25	HSY	Hershey Co/the	-0.1%	—	Unchanged
26	RTX	Rtx CORP	-0.1%	-7.61%	Trim
27	WM	Waste Management INC	-0.1%	-12.94%	Trim
28	OKE	Oneok INC	-0.2%	-2.26%	Trim
29	MCD	Mcdonald's CORP	-0.2%	-15.15%	Trim
30	RSG	Republic Services INC	-0.4%	-24.92%	Trim
31	LNG	Cheniere Energy INC	-1.1%	-0.46%	Trim
32	NEXT	Nextdecade CORP	-1.9%	-16.37%	Trim