Skip to main content
Livermore
Livermore
ZHEN

SL Advisors, LLC

SEC CIK
0001680365
Latest filing
Jul 10, 2026

The latest 13F from SL Advisors, LLC covers Q2 2026 (filed Jul 10, 2026): 32 long positions worth $57.2M. The top 10 holdings make up 74.4% of the portfolio, and the largest is Energy Transfer LP (ET) at 15.9%. Livermore has 35 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
0
Added
3
Est. +$979.8K
Reduced
24
Est. −$2.28M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. ETEnergy Transfer LP
    15.9%$9.06MHistory
  2. NEXTNextDecade Corp
    10.9%$6.22MHistory
  3. WMBWilliams Companies, Inc.
    8.3%$4.77MHistory
  4. TRGPTarga Resources Corp.
    8.1%$4.65MHistory
  5. Pacer FDS Tr69374H634
    7.6%$4.36M

Biggest buys

New and added positions, by estimated amount bought

  1. ETEnergy Transfer LP
    +$935.4KAddedHistory
  2. LMTLockheed Martin Corp
    +$44.3KAddedHistory
  3. State Street Consumer Staples Select Sector SPDR ETF81369Y308
    +$166.14Added

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. ETEnergy Transfer LP
    +1.97 pp13.9% → 15.9%History
  2. State Street Consumer Staples Select Sector SPDR ETF81369Y308
    +0.03 pp0.7% → 0.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NEXTNextDecade Corp
    −$1.22MReducedHistory
  2. RSGRepublic Services, Inc.
    −$206.7KReducedHistory
  3. SPYSPDR S&P 500 ETF Trust
    −$149.4KReducedHistory
  4. BRK.BBerkshire Hathaway Inc
    −$145.1KReducedHistory
  5. WMBWilliams Companies, Inc.
    −$114.0KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. NEXTNextDecade Corp
    −1.91 pp12.8% → 10.9%History
  2. LNGCheniere Energy, Inc.
    −1.12 pp8.4% → 7.3%History
  3. RSGRepublic Services, Inc.
    −0.35 pp1.4% → 1.1%History
  4. MCDMcDonalds Corp
    −0.17 pp0.7% → 0.6%History
  5. OKEONEOK Inc
    −0.17 pp6.0% → 5.8%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$57.2M
−$1.91M (−3.2%) vs. prior quarter
Positions
32
0 vs. prior quarter
Top 10 concentration
74.4%
Top 10 as share of value
Turnover
1.7%
Q2 2026, one quarter
Average holding period
19.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $60.5M (Q4 2024)

Q1 2021: $33.1MQ2 2021: $39.3MQ3 2021: $39.6MQ4 2021: $40.7MQ1 2022: $48.9MQ2 2022: $41.8MQ3 2022: $40.3MQ4 2022: $45.2MQ1 2023: $46.6MQ2 2023: $44.5MQ3 2023: $45.8MQ4 2023: $46.5MQ1 2024: $50.8MQ2 2024: $50.6MQ3 2024: $55.6MQ4 2024: $60.5MQ1 2025: $57.2MQ2 2025: $55.5MQ3 2025: $50.8MQ4 2025: $48.8MQ1 2026: $59.1MQ2 2026: $57.2M
Q1 2021Q2 2026
13F filings of SL Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 10, 202632$57.2METNEXTWMBvs. Q1 2026SEC
Q1 2026Apr 15, 202632$59.1METNEXTLNGvs. Q4 2025SEC
Q4 2025Apr 15, 2026Amended32$48.8METNEXTWMBvs. Q3 2025SEC
Q3 2025Apr 15, 2026Amended31$50.8METNEXTWMBvs. Q2 2025SEC
Q2 2025Apr 15, 2026Amended31$55.5MNEXTETLNGvs. Q1 2025SEC
Q1 2025Apr 15, 2026Amended31$57.2METNEXTOKEvs. Q4 2024SEC
Q4 2024Apr 15, 2026Amended35$60.5METNEXTSPYvs. Q3 2024SEC
Q3 2024Apr 15, 2026Amended47$55.6METSPYNEXTvs. Q2 2024SEC
Q2 2024Apr 15, 2026Amended32$50.6MNEXTETSPYvs. Q1 2024SEC
Q1 2024Apr 15, 2026Amended39$50.8METSPYNEXTvs. Q4 2023SEC
Q4 2023Apr 15, 2026Amended41$46.5METSPYPacer FDS Trvs. Q3 2023SEC
Q3 2023Apr 15, 2026Amended41$45.8METSPYLNGvs. Q2 2023SEC
Q2 2023Apr 15, 2026Amended45$44.5METNEXTSPYvs. Q1 2023SEC
Q1 2023Apr 15, 2026Amended50$46.6METNEXTSPYvs. Q4 2022SEC
Q4 2022Apr 15, 2026Amended51$45.2METSPYLNGvs. Q3 2022SEC
Q3 2022Oct 14, 202245$40.3METLNGSPYvs. Q2 2022SEC
Q2 2022Jul 28, 202247$41.8METSPYLNGvs. Q1 2022SEC
Q1 2022Apr 14, 202246$48.9METNEXTSPYvs. Q4 2021SEC
Q4 2021Jan 28, 202247$40.7METSPYiShares Trvs. Q3 2021SEC
Q3 2021Oct 13, 202149$39.6METSPYiShares Trvs. Q2 2021SEC
Q2 2021Jul 19, 202150$39.3MSPYETiShares Trvs. Q1 2021SEC
Q1 2021Apr 28, 202150$33.1MSPYiShares TrWMB–SEC