Adams Asset Advisors 13F annual report
Adams Asset Advisors is an investment fund managing more than $748 billion ran by Steve Adams. There are currently 72 companies in Mr. Adams’s portfolio. The largest investments include Occidental Petrol Corp and Calumet Specialty Prod, together worth $309 billion.
$748 billion Assets Under Management (AUM)
As of 3rd July 2024, Adams Asset Advisors’s top holding is 3,567,150 shares of Occidental Petrol Corp currently worth over $225 billion and making up 30.1% of the portfolio value.
In addition, the fund holds 5,251,160 shares of Calumet Specialty Prod worth $84.3 billion.
The third-largest holding is Sunoco LP worth $32.3 billion and the next is Transfer LP worth $23 billion, with 1,420,699 shares owned.
Currently, Adams Asset Advisors's portfolio is worth at least $748 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Adams Asset Advisors
The Adams Asset Advisors office and employees reside in Dallas, Texas. According to the last 13-F report filed with the SEC, Steve Adams serves as the OWNER at Adams Asset Advisors.
Recent trades
In the most recent 13F filing, Adams Asset Advisors revealed that it had opened a new position in
Vanguard Index Funds Sp500 Etf Usd and bought 511 shares worth $256 million.
The investment fund also strengthened its position in Sunoco LP by buying
258,103 additional shares.
This makes their stake in Sunoco LP total 571,538 shares worth $32.3 billion.
Sunoco LP soared 30.3% in the past year.
On the other hand, there are companies that Adams Asset Advisors is getting rid of from its portfolio.
Adams Asset Advisors closed its position in Nustar Energy Lp on 10th July 2024.
It sold the previously owned 675,196 shares for $15.7 billion.
Steve Adams also disclosed a decreased stake in Occidental Petrol Corp by approximately 0.1%.
This leaves the value of the investment at $225 billion and 3,567,150 shares.
One of the average hedge funds
The two most similar investment funds to Adams Asset Advisors are Sasco Capital Inc Ct/ and Talbot. They manage $747 billion and $747 billion respectively.
Steve Adams investment strategy
Adams Asset Advisors’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Energy — making up 20.4% of
the total portfolio value.
The fund focuses on investments in the United States as
59.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
39% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $169 billion.
The complete list of Adams Asset Advisors trades based on 13F SEC filings
These positions were updated on July 10th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Occidental Petrol Corp |
0.47%
3,567,150
|
$224,837,465,000 | 30.08% |
| Calumet Specialty Prod |
3.66%
5,251,160
|
$84,281,118,000 | 11.27% |
| Sunoco LP |
82.35%
571,538
|
$32,314,759,000 | 4.32% |
| Energy Transfer LP |
2.46%
1,420,699
|
$23,043,736,000 | 3.08% |
| Apple Inc |
No change
97,320
|
$20,497,538,000 | 2.74% |
| Dorchester Minerals LP |
2.60%
611,835
|
$18,875,110,000 | 2.53% |
| Nustar Energy Lp |
Closed
675,196
|
$15,711,811,000 | |
| Plains All American Pipeline LP |
3.11%
762,941
|
$13,626,126,000 | 1.82% |
| Bank of America Corporation |
No change
341,515
|
$13,582,052,000 | 1.82% |
| Verizon Communications Inc |
1.53%
317,764
|
$13,104,587,000 | 1.75% |
| AMGEN Inc. |
No change
40,049
|
$12,513,310,000 | 1.67% |
| Altria Group Inc. |
1.22%
272,452
|
$12,410,174,000 | 1.66% |
| Western Midstream Partners LP |
5.96%
311,642
|
$12,381,537,000 | 1.66% |
| Abbvie Inc |
No change
71,809
|
$12,316,680,000 | 1.65% |
| Citigroup Inc |
No change
191,473
|
$12,150,877,000 | 1.63% |
| British Amer Tobacco F Sponsored Adr |
8.55%
390,767
|
$12,086,424,000 | 1.62% |
| Att |
No change
631,483
|
$12,067,641,000 | 1.61% |
| Chevron Corp. |
No change
74,701
|
$11,684,730,000 | 1.56% |
| Valero Energy Corp. |
No change
72,395
|
$11,348,640,000 | 1.52% |
| Kimberly-Clark Corp. |
No change
79,629
|
$11,004,728,000 | 1.47% |
| Newmont Copr |
4.02%
258,393
|
$10,818,915,000 | 1.45% |
| Wells Fargo Co |
2.47%
176,833
|
$10,502,112,000 | 1.40% |
| HF Sinclair Corporation |
0.51%
194,946
|
$10,398,420,000 | 1.39% |
| Cummins Inc. |
No change
35,083
|
$9,715,535,000 | 1.30% |
| MPLX LP |
No change
206,720
|
$8,804,205,000 | 1.18% |
| Pfizer Inc. |
1.78%
306,219
|
$8,568,008,000 | 1.15% |
| Cisco Systems, Inc. |
7.47%
177,970
|
$8,455,355,000 | 1.13% |
| Kraft Heinz Co |
1.34%
250,766
|
$8,079,681,000 | 1.08% |
| HP Inc |
No change
229,384
|
$8,033,028,000 | 1.07% |
| Alliance Resource Par Lp |
1.63%
315,967
|
$7,728,553,000 | 1.03% |
| Goldman Sachs Group, Inc. |
0.38%
16,569
|
$7,494,490,000 | 1.00% |
| Universal Corp Va |
No change
151,106
|
$7,281,798,000 | 0.97% |
| Enterprise Products Pptnslp |
No change
244,228
|
$7,077,727,000 | 0.95% |
| Microsoft Corporation |
0.46%
15,032
|
$6,718,552,000 | 0.90% |
| Bristol-myers Squibb Cocom |
9.51%
161,229
|
$6,695,840,000 | 0.90% |
| Conagra Brands Inc |
No change
208,195
|
$5,916,902,000 | 0.79% |
| Pepsico Inc |
No change
26,722
|
$4,407,259,000 | 0.59% |
| Select Water Solutionsinc Cl A Com |
No change
409,161
|
$4,378,023,000 | 0.59% |
| Smucker J M Co |
No change
38,688
|
$4,218,540,000 | 0.56% |
| Kinder Morgan Inc |
4.37%
187,935
|
$3,734,268,000 | 0.50% |
| Sun Communities Reit |
No change
22,270
|
$2,679,972,000 | 0.36% |
| RLJ Lodging Trust |
No change
102,746
|
$2,557,348,000 | 0.34% |
| United Parcel Service, Inc. |
No change
17,185
|
$2,351,767,000 | 0.31% |
| Blackstone Secured Lending F |
No change
64,850
|
$1,985,707,000 | 0.27% |
| Medical Properties Trust Inc |
9.45%
436,145
|
$1,879,785,000 | 0.25% |
| Goldman Sachs BDC Inc |
No change
122,927
|
$1,847,593,000 | 0.25% |
| FS KKR Capital Corp |
No change
92,221
|
$1,819,520,000 | 0.24% |
| Enbridge Inc |
26.11%
48,142
|
$1,713,374,000 | 0.23% |
| Oneok Inc. |
14.08%
19,789
|
$1,613,793,000 | 0.22% |
| Williams Cos Inc |
6.95%
35,766
|
$1,520,055,000 | 0.20% |
| Weyerhaeuser Co Com |
No change
50,542
|
$1,434,887,000 | 0.19% |
| Wp Carey Inc Com |
8.14%
22,099
|
$1,216,550,000 | 0.16% |
| Exxon Mobil Corp. |
No change
9,480
|
$1,091,338,000 | 0.15% |
| Realty Income Copr Reit |
19.66%
19,275
|
$1,018,105,000 | 0.14% |
| Armada Hoffler Properties Inc |
177.49%
87,849
|
$974,245,000 | 0.13% |
| Starwood Property Trust Inc |
No change
49,031
|
$928,647,000 | 0.12% |
| Simon Property Group, Inc. |
No change
5,789
|
$878,770,000 | 0.12% |
| Johnson Johnson |
No change
5,762
|
$842,174,000 | 0.11% |
| Trinity Petroleum Tr |
No change
10,020
|
$711,420,000 | 0.10% |
| Procter And Gamble Co |
No change
4,250
|
$700,910,000 | 0.09% |
| Nexpoint Diversified Real Es |
No change
111,300
|
$615,489,000 | 0.08% |
| NNN REIT Inc |
No change
12,481
|
$531,691,000 | 0.07% |
| Blue Owl Capital Corp |
No change
31,107
|
$477,804,000 | 0.06% |
| Global Partners Lp Comunits |
No change
9,860
|
$449,912,000 | 0.06% |
| Hess Corporation Com |
Closed
2,679
|
$408,923,000 | |
| Brightspire Capital Inc |
No change
63,765
|
$363,460,000 | 0.05% |
| Ishares Iboxx Investment Grade Corp Bonds |
7.11%
3,229
|
$345,908,000 | 0.05% |
| Global X Fds Glbl X Mlpetf |
No change
6,599
|
$320,051,000 | 0.04% |
| Berkshire Hathaway Inc. |
No change
744
|
$302,659,000 | 0.04% |
| Plains GP Holdings LP |
No change
15,886
|
$298,975,000 | 0.04% |
| First Financial Bankshares, Inc. |
No change
8,760
|
$258,683,000 | 0.03% |
| Marathon Oil Corp Com |
Closed
9,102
|
$257,951,000 | |
| Vanguard Index Funds Sp500 Etf Usd |
Opened
511
|
$255,532,000 | 0.03% |
| Murphy Oil Corp Com |
Closed
5,165
|
$236,040,000 | |
| Rayonier Inc. |
No change
7,007
|
$203,834,000 | 0.03% |
| Vertex Energy Inc |
No change
180,000
|
$170,046,000 | 0.02% |
| Nio Inc Spon Ads |
Closed
11,554
|
$51,993,000 | |
| No transactions found | |||
| Showing first 500 out of 77 holdings | |||
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