Adams Asset Advisors, LLC
Long book
$891.5M
Q1 2026
Positions
88
Top-10 weight
51%
concentration
Last quarter
+2.0%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsAdams Asset Advisors, LLC is a diversified fundamental manager, running a $891.5M US long book across 88 positions.
The portfolio is concentrated: the top 10 names carry 51% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CALUMET INC, OCCIDENTAL PETROLEUM CORP, JPM NASDAQ EQUITY PREMIUM, SUNOCO LP, ENERGY TRANSFER LP.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.3%
Q2 2024
-2.4%
Q3 2024
+3.0%
Q4 2024
-3.1%
Q1 2025
-1.3%
Q2 2025
+9.2%
Q3 2025
+0.1%
Q4 2025
+28.3%
Q1 2026
+2.0%
Sector allocation
Energy 50%
Financials 10%
Utilities 9%
Technology 6%
Healthcare 6%
Materials 4%
Consumer staples 4%
Communications 4%
Long book by quarter
What does Adams Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CLMT CALUMET INC | Energy | 3.2M | $115.0M | 12.9% | -37.9% |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 1.7M | $109.4M | 12.3% | -48.7% |
| SUN SUNOCO LP | Energy | 565.8K | $36.8M | 4.1% | -1.0% |
| ET ENERGY TRANSFER LP | Utilities | 1.4M | $27.8M | 3.1% | +1.3% |
| DMLP DORCHESTER MINERALS LP | Energy | 888.3K | $24.1M | 2.7% | +9.0% |
| NEM NEWMONT CORP | Materials | 199.0K | $21.5M | 2.4% | -1.8% |
| AAPL APPLE INC | Technology | 78.1K | $19.8M | 2.2% | Held |
| PAA PLAINS ALL AMER PIPELINE LP | Energy | 823.1K | $18.4M | 2.1% | -0.6% |
| C CITIGROUP INC | Financials | 149.3K | $16.9M | 1.9% | -0.7% |
| VLO VALERO ENERGY CORP | Energy | 64.4K | $15.9M | 1.8% | -1.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 32.9K | $15.8M | 1.8% | +381.9% |
| MO ALTRIA GROUP INC | Consumer staples | 235.7K | $15.6M | 1.7% | Held |
| CMI CUMMINS INC | Industrials | 28.4K | $15.3M | 1.7% | -3.0% |
| DINO HF SINCLAIR CORP | Energy | 243.8K | $15.2M | 1.7% | Held |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 398.8K | $15.1M | 1.7% | +9.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 293.7K | $14.7M | 1.7% | +1.3% |
| CVX CHEVRON CORP | Energy | 68.5K | $14.2M | 1.6% | -0.1% |
| WES WESTERN MIDSTREAM PARTNERS L | Utilities | 342.1K | $14.1M | 1.6% | Held |
| ABBV ABBVIE INC | Healthcare | 62.9K | $13.7M | 1.5% | Held |
| WFC WELLS FARGO & CO | Financials | 159.8K | $12.7M | 1.4% | Held |
| AMGN AMGEN INC | Healthcare | 35.9K | $12.6M | 1.4% | Held |
| T AT&T INC | Communications | 431.2K | $12.5M | 1.4% | -0.6% |
| MPLX MPLX LP | Energy | 216.1K | $12.3M | 1.4% | +3.1% |
| CSCO CISCO SYSTEMS INC | Technology | 157.1K | $12.2M | 1.4% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 14.1K | $12.0M | 1.3% | +7.6% |
| BAC BANK OF AMERICA CORP | Financials | 243.5K | $11.9M | 1.3% | -1.8% |
| PFE PFIZER INC | Healthcare | 341.5K | $9.6M | 1.1% | +0.1% |
| KMB KIMBERLY-CLARK CORP | Other | 83.2K | $8.0M | 0.9% | +4.4% |
| UVV UNIVERSAL CORP/VA | Consumer discretionary | 142.1K | $7.5M | 0.8% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 123.3K | $7.5M | 0.8% | Held |
| ARLP ALLIANCE RESOURCE PARTNERS | Materials | 255.4K | $7.1M | 0.8% | Held |
| PEP PEPSICO INC | Consumer staples | 41.6K | $6.5M | 0.7% | +5.7% |
| MSFT MICROSOFT CORP | Technology | 17.3K | $6.4M | 0.7% | +24.4% |
| HRL HORMEL FOODS CORP | Consumer staples | 281.9K | $6.4M | 0.7% | +10.4% |
| WTTR SELECT WATER SOLUTIONS INC | Energy | 409.2K | $6.3M | 0.7% | Held |
| HPQ HP INC | Technology | 251.7K | $4.8M | 0.5% | +6.7% |
| KMI KINDER MORGAN INC | Utilities | 136.7K | $4.6M | 0.5% | Held |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 39.9K | $3.9M | 0.4% | +10.8% |
| DKL DELEK LOGISTICS PARTNERS LP | Energy | 70.3K | $3.5M | 0.4% | Held |
| GSBD GOLDMAN SACHS BDC INC | — | 374.6K | $3.3M | 0.4% | +10.1% |
| BTU PEABODY ENERGY CORP | Materials | 100.0K | $3.3M | 0.4% | Held |
| RLJ RLJ LODGING TRUST | Real estate | 134.9K | $3.3M | 0.4% | +20.0% |
| PG PROCTER & GAMBLE CO/THE | Other | 21.0K | $3.0M | 0.3% | +283.8% |
| WMB WILLIAMS COS INC | Utilities | 34.9K | $2.5M | 0.3% | Held |
| ENB ENBRIDGE INC | Energy | 46.4K | $2.5M | 0.3% | Held |
| CAG CONAGRA BRANDS INC | Consumer staples | 155.4K | $2.4M | 0.3% | +6.9% |
| AVGO BROADCOM INC | Technology | 6.7K | $2.1M | 0.2% | Held |
| MKL MARKEL GROUP INC | Financials | 1.1K | $2.0M | 0.2% | New |
| GBDC GOLUB CAPITAL BDC INC | — | 150.5K | $1.9M | 0.2% | +2.5% |
| OBDC BLUE OWL CAPITAL CORP | — | 169.7K | $1.9M | 0.2% | +7.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 88 | $891.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 15, 2026 | 83 | $760.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 9, 2025 | 81 | $775.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ARESTATEMENT | Jul 8, 2025 | 81 | $710.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 7, 2025 | 81 | $710.7M | SEC ↗ | |
| Q1 2025 | 13F-HR | Apr 21, 2025 | 77 | $729.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 13, 2025 | 77 | $779.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 75 | $756.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 10, 2024 | 73 | $766.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 9, 2024 | 77 | $773.1M | canonical | SEC ↗ |
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