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Recurrent Investment Advisors LLC
Mark Laskin · Investment Advisor · Value
Recurrent Investment Advisors LLC is a Houston-based investment firm founded in 2017 that specializes in natural resources and energy infrastructure. The firm focuses on identifying opportunities created by energy cycles using a combination of macroeconomic analysis and fundamental company research. Led by experienced principals with backgrounds in midstream and commodity investing, the employee-owned firm manages public equity portfolios through mutual funds and separately managed accounts. Recurrent emphasizes liquidity and valuation-driven results, targeting commodity-oriented asset classes that serve as potential stores of value during periods of inflation.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +43.0% |
| YTD return | +43.0% |
| Sharpe ratio | 4.44 |
| Win rate | 63% |
| AUM | $1.3B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.3B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.recurrentadvisors.com/ |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| TRGP | Targa Resources Inc | 10.7% | +69.1% |
| ET | Energy Transfer LP | 9.9% | +22.0% |
| OKE | ONEOK Inc | 8.7% | +26.8% |
| PSX | Phillips 66 | 7.7% | +103.7% |
| SUN | Sunoco LP | 6.8% | +31.5% |
| LNG | Cheniere Energy Inc | 6.7% | +15.4% |
| KMI | Kinder Morgan Inc | 6.4% | +4.5% |
| EPD | Enterprise Products Partners LP | 6.2% | +20.2% |
| MUSA | Murphy USA Inc | 5.8% | +22.9% |
| WMB | Williams Companies Inc | 4.4% | +12.7% |
| WES | Western Midstream Partners LP | 4.3% | +22.4% |
| PBF | PBF Energy Inc | 4.1% | +145.4% |
| PAGP | Plains GP Holdings LP | 4.0% | +52.0% |
| DTM | DT Midstream Inc | 3.6% | +9.5% |
| MPLX | MPLX LP | 2.5% | -0.1% |
| MPC | Marathon Petroleum Corp | 2.5% | +121.7% |
| VG | Venture Global, Inc. | 2.3% | -2.0% |
| VNOM | Viper Energy Ut | 1.6% | -2.6% |
| NEM | Newmont Goldcorp Corp | 1.0% | +37.7% |
| DOW | Dow Inc | 0.9% | -20.5% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | BUY | EPD | 5.3% → 6.2% |
| Aug 31, 2026 | BUY | DTM | 3.9% → 3.6% |
| Aug 31, 2026 | SELL | XOM | 0.7% → 0.0% |
| Aug 31, 2026 | SELL | WES | 4.5% → 4.3% |
| Aug 31, 2026 | SELL | WMB | 4.5% → 4.4% |
Investment Style Analysis
Recurrent Investment Advisors LLC is widely recognized for employing a Value strategy. As of Sep 18, 2026, the firm oversees approximately $1.3B in assets under management (AUM). The portfolio demonstrates a clear preference for the Oil & Gas Midstream and Oil & Gas Refining & Marketing sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Recurrent Investment Advisors LLC made a significant move by increasing exposure to EPD. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Recurrent's investment philosophy is centered on the belief that energy and commodity cycles are accelerating and require active, valuation-driven management. The firm integrates macroeconomic and commodity supply/demand analysis with rigorous fundamental research to select investments and determine portfolio weightings. By using proprietary valuation models to identify high and low-end value targets, Recurrent seeks to capitalize on changing market dynamics in sectors like energy, infrastructure, and manufacturing, aiming to provide portfolios that offer both income and capital appreciation while serving as a hedge against inflation.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Recurrent Investment Advisors LLC.
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Frequently asked questions
How is the simulated portfolio for Recurrent Investment Advisors LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Recurrent Investment Advisors LLC's largest holding?
As of the latest filing, Recurrent Investment Advisors LLC's top position is Targa Resources Inc (TRGP), representing 10.7% of the portfolio. This reflects a high-conviction bet by the institution.
What is Recurrent Investment Advisors LLC's historical performance and risk profile?
Our simulation indicates a total return of +43.0% with a win rate of 63%. Notably, the portfolio maintains a Sharpe Ratio of 4.44, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Recurrent Investment Advisors LLC primarily invest in?
Recurrent Investment Advisors LLC has a strong preference for the Oil & Gas Midstream sector, which makes up 71.3% of their disclosed assets. The portfolio also has exposure to Oil & Gas Refining & Marketing, indicating a specific thematic focus.
Is Recurrent Investment Advisors LLC's portfolio concentrated or diversified?
Recurrent Investment Advisors LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 29.3% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Recurrent Investment Advisors LLC performed in 2026?
Our AI-simulated model portfolio for Recurrent Investment Advisors LLC tracks a Year-to-Date (YTD) return of +43.0%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Mark Laskin manage Recurrent Investment Advisors LLC directly?
Yes, Mark Laskin serves as the key portfolio manager for Recurrent Investment Advisors LLC, overseeing the investment strategy and final capital allocation decisions.