Adams Asset Advisors Files Q3 13F, Reports $775M in Holdings
Adams Asset Advisors, LLC
Filing Summary
Institutional Holder Filing: Adams Asset Advisors, LLC
Form: 13F-HR | Filed: 2025-10-09 Period of Report: 2025-09-30 Significance: Low
Filer: Adams Asset Advisors, LLC Total Portfolio Value: $775,628,587 Number of Holdings: 81
Top 5 Holdings by Value: • Occidental Petrol Corp ($OXY): $166.9M • Calumet Inc: $98.7M • Sunoco LP ($SUN): $28.6M • Energy Transfer LP ($ET): $24.3M • Apple Inc ($AAPL): $21.8M
Key Insight: This quarterly filing reveals the investment manager's holdings as of Q3 2025. The portfolio shows a significant concentration in the energy sector, with Occidental Petroleum representing over 21% of the total reported value.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: Adams Asset Advisors, LLC (13F-HR)
Executive Summary
- Trading Significance: Low
- Key Takeaway: Adams Asset Advisors, LLC disclosed $775.6 million in assets under management in its Q3 2025 13F-HR filing, revealing a portfolio of 81 securities with a heavy concentration in the energy sector.
- Portfolio Snapshot: The filing provides a snapshot of the firm's holdings as of September 30, 2025, as required for institutional investment managers exceeding $100 million in AUM.
Filer Information
| Field | Value |
|---|---|
| Filer Name | Adams Asset Advisors, LLC |
| CIK | 0001386929 |
| Form Type | 13F-HR |
| Filing Date | 2025-10-09 |
| Period of Report | 2025-09-30 |
| Total Portfolio Value | $775,628,587 |
| Number of Holdings | 81 |
Portfolio Overview & Top Holdings
This filing is a quarterly holdings report, not a record of individual trades. It shows the positions held by the investment manager at the end of the quarter. The analysis focuses on the composition and concentration of the portfolio.
Top 5 Holdings by Market Value
| Issuer | CUSIP | Shares Held | Market Value | % of Portfolio |
|---|---|---|---|---|
| OCCIDENTAL PETROL CORP | 674599105 | 3,532,753 | $166,922,579 | 21.52% |
| CALUMET INC | 131428104 | 5,406,271 | $98,664,446 | 12.72% |
| SUNOCO LP | 86765K109 | 571,547 | $28,583,065 | 3.68% |
| ENERGY TRANSFER LP | 29273V100 | 1,416,494 | $24,307,037 | 3.13% |
| APPLE INC | 037833100 | 85,468 | $21,762,718 | 2.81% |
Portfolio Analysis
Sector Concentration
- The portfolio demonstrates a significant concentration in the Energy sector, with top holdings like Occidental Petroleum, Calumet Inc., Sunoco LP, and Energy Transfer LP comprising a substantial portion of the total assets.
- Occidental Petroleum alone accounts for over 21% of the reported portfolio value, indicating a strong conviction in the company.
Position Concentration
- The top 5 holdings represent approximately 43.86% of the total portfolio value.
- The top 10 holdings would likely show an even higher concentration, suggesting a focused investment strategy rather than broad diversification.
Investment Insights
Key Takeaways
- Major Energy Bet: The firm has a highly concentrated position in the energy sector, particularly in Occidental Petroleum. This makes the portfolio's performance heavily dependent on the outlook for energy prices and these specific companies.
- Derivative Holdings: The portfolio includes warrants for Occidental Petroleum (
*W EXP 08/03/2027) valued at approximately $11.9 million, adding a layer of leveraged exposure to the company. - Mix of Value and Growth: While dominated by energy and MLP holdings, the inclusion of large-cap tech stocks like Apple and Alphabet indicates a strategy that blends income and value plays with exposure to secular growth trends.
Contextual Analysis
Nature of 13F Filings
A Form 13F-HR is a mandatory quarterly report filed by institutional investment managers with at least $100 million in equity assets under management. It discloses their long U.S. equity positions at the end of each calendar quarter. These filings provide valuable insight into the positioning of "smart money" but have limitations:
- Time Lag: The data is up to 45 days old by the filing deadline, so positions may have already changed.
- Limited Scope: They do not include short positions, cash, or non-U.S. equity holdings.
Filer Strategy
Based on the holdings, Adams Asset Advisors, LLC appears to employ a concentrated, value-oriented strategy with a strong focus on the domestic energy sector, supplemented by positions in blue-chip technology and financial companies. The significant holdings in Master Limited Partnerships (MLPs) like Energy Transfer and Plains All American Pipeline suggest a focus on income generation.
IMPORTANT DISCLAIMER: This analysis is for informational purposes only and is not intended as investment advice. The information presented is based on publicly available SEC filings and should not be construed as a recommendation to buy, sell, or hold any securities. Past performance does not guarantee future results. All investments carry risk, including the potential loss of principal. Please consult with a qualified financial advisor before making any investment decisions.
Analysis generated on 2025-10-09 | Data source: SEC EDGAR
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.