# Adams Asset Advisors, LLC: Form 13F holdings

An institutional investment manager in DALLAS, TX. SEC CIK 1386929.

- Quarter ended: 2026-06-30
- Filed: 2026-07-14
- Reported value: $881.8m
- Positions: 88 (88 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1386929/000138692926000010/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| J P MORGAN EXCHANGE TRADES F | NASDAQ EQT PREM | $86.5m | 9.8% | 1,408,060 |  | Added +321,005 |
| [OCCIDENTAL PETROL CORP (OXY)](/companies/oxy.md) | COM | $80.1m | 9.1% | 1,650,049 |  | Reduced −32,704 |
| [CALUMET INC (CLMT)](/companies/clmt.md) | COM | $72.3m | 8.2% | 2,006,206 |  | Reduced −1,196,026 |
| [SUNOCO LP (SUN)](/companies/sun.md) | COM | $38.2m | 4.3% | 565,822 |  | Unchanged |
| [ENERGY TRANSFER LP (ET)](/companies/et.md) | COM | $28.2m | 3.2% | 1,473,560 |  | Added +31,803 |
| [BERKSHIRE HATHAWAY INC (BRK-B)](/companies/brk-b.md) | CL B NEW | $25.4m | 2.9% | 50,700 |  | Added +17,755 |
| [DORCHESTER MINERALS LP (DMLP)](/companies/dmlp.md) | COM | $23.0m | 2.6% | 910,934 |  | Added +22,670 |
| [APPLE INC (AAPL)](/companies/aapl.md) | COM | $22.8m | 2.6% | 78,740 |  | Added +666 |
| [BRITISH AMER TOBACCO F SPONSORED ADR (BTI)](/companies/bti.md) | COM | $21.2m | 2.4% | 343,016 |  | Unchanged |
| [CITIGROUP INC (C)](/companies/c.md) | COM | $20.8m | 2.4% | 148,294 |  | Reduced −1,013 |
| [CUMMINS INC (CMI)](/companies/cmi.md) | COM | $20.1m | 2.3% | 28,232 |  | Reduced −145 |
| [PLAINS ALL AMERICAN PIPELINE LP (PAA)](/companies/paa.md) | COM | $18.3m | 2.1% | 823,061 |  | Unchanged |
| [CISCO SYSTEMS INC (CSCO)](/companies/csco.md) | COM | $18.3m | 2.1% | 155,638 |  | Reduced −1,510 |
| [NEWMONT CORP (NEM)](/companies/nem.md) | COM | $18.2m | 2.1% | 195,064 |  | Reduced −3,898 |
| [HF SINCLAIR COPR (DINO)](/companies/dino.md) | COM | $17.0m | 1.9% | 243,842 |  | Unchanged |
| [ALTRIA GROUP INC (MO)](/companies/mo.md) | COM | $17.0m | 1.9% | 235,728 |  | Unchanged |
| [VALERO ENERGY COPR NEW (VLO)](/companies/vlo.md) | COM | $16.8m | 1.9% | 64,384 |  | Unchanged |
| [WESTERN MIDSTREAM PARTNERS LP (WES)](/companies/wes.md) | COM | $16.4m | 1.9% | 374,823 |  | Added +32,718 |
| [ABBVIE (ABBV)](/companies/abbv.md) | COM | $15.8m | 1.8% | 62,912 |  | Unchanged |
| [ENTERPRISE PRODUCTS PPTNSLP (EPD)](/companies/epd.md) | COM | $14.7m | 1.7% | 398,768 |  | Unchanged |
| [GLODMAN SACHS GROUP (GS)](/companies/gs.md) | COM | $14.6m | 1.7% | 14,407 |  | Added +265 |
| [BANK OF AMERICA (BAC)](/companies/bac.md) | COM | $13.9m | 1.6% | 243,543 |  | Unchanged |
| [WELLS FARGO & CO (WFC)](/companies/wfc.md) | COM | $13.2m | 1.5% | 159,645 |  | Reduced −123 |
| [AMGEN INC (AMGN)](/companies/amgn.md) | COM | $13.1m | 1.5% | 36,046 |  | Added +147 |
| [MPLX LP (MPLX)](/companies/mplx.md) | COM | $12.5m | 1.4% | 221,452 |  | Added +5,356 |
| OCCIDENTAL PETE CORP WTS EXP 08/03/2027 | \*W EXP 08/03/2027 | $12.5m | 1.4% | 468,312 |  | Unchanged |
| [VERIZON COMMUNICATIONS (VZ)](/companies/vz.md) | COM | $12.4m | 1.4% | 293,295 |  | Reduced −434 |
| [CHEVRON CORP (CVX)](/companies/cvx.md) | COM | $11.3m | 1.3% | 68,368 |  | Reduced −94 |
| [KIMBERLY-CLARK CORP (KMB)](/companies/kmb.md) | COM | $9.7m | 1.1% | 88,292 |  | Added +5,125 |
| [AT&T (T)](/companies/t.md) | COM | $9.0m | 1.0% | 435,188 |  | Added +3,949 |
| [PFIZER INC (PFE)](/companies/pfe.md) | COM | $8.3m | 0.9% | 345,049 |  | Added +3,504 |
| [SELECT WATER SOLUTIONS INC CL A COM (WTTR)](/companies/wttr.md) | COM | $8.2m | 0.9% | 409,161 |  | Unchanged |
| [HORMEL FOODS CORP (HRL)](/companies/hrl.md) | COM | $7.4m | 0.8% | 298,796 |  | Added +16,913 |
| [BRISTOL-MYERS SQUIBB CO COM (BMY)](/companies/bmy.md) | COM | $7.2m | 0.8% | 125,138 |  | Added +1,844 |
| [UNIVERSAL CORP (UVV)](/companies/uvv.md) | COM | $7.0m | 0.8% | 133,892 |  | Reduced −8,191 |
| SCHWAB US DIVIDEND EQUITY ETF | US DIVIDEND EQ | $6.9m | 0.8% | 217,242 |  | Reduced −2,777 |
| [MICROSOFT COPR (MSFT)](/companies/msft.md) | COM | $6.7m | 0.8% | 17,877 |  | Added +553 |
| [W P CAREY INC COM (WPC)](/companies/wpc.md) | COM | $6.5m | 0.7% | 90,882 |  | Added +8,494 |
| [ALLIANCE RESOURCE PAR LP (ARLP)](/companies/arlp.md) | COM | $6.2m | 0.7% | 259,013 |  | Added +3,616 |
| [PEPSICO INC (PEP)](/companies/pep.md) | COM | $6.0m | 0.7% | 44,582 |  | Added +2,935 |
| [HP INC (HPQ)](/companies/hpq.md) | COM | $5.5m | 0.6% | 251,744 |  | Unchanged |
| [UNITED PARCEL SERVICE (UPS)](/companies/ups.md) | COM | $4.5m | 0.5% | 41,801 |  | Added +1,877 |
| [PROCTER AND GAMBLE CO (PG)](/companies/pg.md) | COM | $4.4m | 0.5% | 29,909 |  | Added +8,865 |
| [KINDER MORGAN INC (KMI)](/companies/kmi.md) | COM | $4.4m | 0.5% | 136,684 |  | Unchanged |
| RLJ LODGING TRUST | CUM CONV PFD A | $4.3m | 0.5% | 173,571 |  | Added +38,669 |
| [MARKEL GROUP INC (MKL)](/companies/mkl.md) | COM | $3.9m | 0.4% | 2,000 |  | Added +950 |
| [REALTY INCOME COPR REIT (O)](/companies/o.md) | COM | $3.9m | 0.4% | 62,414 |  | Added +9,949 |
| [NNN REIT INC COM (NNN)](/companies/nnn.md) | COM | $3.7m | 0.4% | 78,933 |  | Added +16,719 |
| [DELEK LOGISTICS PARTNERS LP (DKL)](/companies/dkl.md) | COM UNT RP INT | $3.6m | 0.4% | 70,288 |  | Unchanged |
| GLOBAL X FDS GLBL X MLP ETF | GLBL X MLP ETF | $3.5m | 0.4% | 65,919 |  | Added +3,383 |
| [STARWOOD PROPERTY TRUST INC (STWD)](/companies/stwd.md) | COM | $3.3m | 0.4% | 202,449 |  | Added +107,272 |
| [AH REALTY TRUST INC (AHRT)](/companies/ahrt.md) | COM | $2.8m | 0.3% | 400,000 |  | Reduced −39,923 |
| [SUN COMMUNITIES REIT (SUI)](/companies/sui.md) | COM | $2.7m | 0.3% | 22,270 |  | Unchanged |
| [WILLIAMS COS INC (WMB)](/companies/wmb.md) | COM | $2.6m | 0.3% | 34,884 |  | Unchanged |
| [BLUE OWL CAPITAL INC COM CL A (OWL)](/companies/owl.md) | COM CL A | $2.5m | 0.3% | 289,496 |  | Added +170,000 |
| [BROADCOM INC COM (AVGO)](/companies/avgo.md) | COM | $2.5m | 0.3% | 6,703 |  | Unchanged |
| [ENBRIDGE INC COM (ENB)](/companies/enb.md) | COM | $2.5m | 0.3% | 46,445 |  | Unchanged |
| [PEABODY ENERGY CORP (BTU)](/companies/btu.md) | COM | $2.3m | 0.3% | 100,000 |  | Unchanged |
| [GOLUB CAPITAL BDC INC (GBDC)](/companies/gbdc.md) | COM | $2.3m | 0.3% | 177,299 |  | Added +26,776 |
| [MORGAN STANLEY DIRECT LENDIN (MSDL)](/companies/msdl.md) | COM SHS | $2.2m | 0.3% | 148,696 |  | Added +34,264 |
| [ALPHABET INC CAPT STK CLA (GOOGL)](/companies/googl.md) | CAP STK CL A | $2.2m | 0.3% | 6,261 |  | Unchanged |
| [GOLDMAN SACHS BDC INC (GSBD)](/companies/gsbd.md) | SHS | $2.2m | 0.2% | 227,546 |  | Reduced −147,063 |
| [BLUE OWL CAPITAL CORP (OBDC)](/companies/obdc.md) | COM | $2.1m | 0.2% | 197,655 |  | Added +27,954 |
| ONEOK INC | COM | $1.6m | 0.2% | 18,941 |  | Unchanged |
| [NUVEEN CHURCHILL DIRECT LEND (NCDL)](/companies/ncdl.md) | COM SHS | $1.6m | 0.2% | 132,279 |  | Added +41,258 |
| [PLAINS GP HOLDING LP (PAGP)](/companies/pagp.md) | COM | $1.4m | 0.2% | 57,753 |  | Unchanged |
| [WEYERHAEUSER CO COM (WY)](/companies/wy.md) | COM | $1.4m | 0.2% | 58,454 |  | Added +4,141 |
| SCHWAB US LARGE-CAP GROWTH ETF | US LCAP GR ETF | $1.4m | 0.2% | 41,324 |  | Reduced −274 |
| EXXON MOBIL CORP | COM | $1.4m | 0.2% | 10,040 |  | Unchanged |
| [KAYNE ANDERSON BDC INC (KBDC)](/companies/kbdc.md) | COM SHS | $1.4m | 0.2% | 101,163 |  | Added +80,822 |
| [SIMON PROPERTY GROUP INC (SPG)](/companies/spg.md) | COM | $1.3m | 0.1% | 5,789 |  | Unchanged |
| [CONAGRA BRANDS INC (CAG)](/companies/cag.md) | COM | $1.2m | 0.1% | 89,867 |  | Reduced −65,530 |
| [CRESCENT CAP BDC INC COM (CCAP)](/companies/ccap.md) | COM | $1.2m | 0.1% | 109,828 |  | Added +30,000 |
| [BLACKSTONE SECURED LENDING F (BXSL)](/companies/bxsl.md) | COM | $1.2m | 0.1% | 50,169 |  | Unchanged |
| [META PLATFORMS INC CLASS A (META)](/companies/meta.md) | CL A | $1.1m | 0.1% | 1,938 |  | Unchanged |
| [MEDICAL PROPERTIES TRUST INC (MPT)](/companies/mpt.md) | COM | $986.2k | 0.1% | 213,470 |  | Reduced −57,756 |
| ISHARES IBOXX INVESTMENT GRADE CORP BONDS | IBOXX INV CP ETF | $916.1k | 0.1% | 8,399 |  | Reduced −85 |
| [KIMBELL RTY PARTNERS LP (KRP)](/companies/krp.md) | UNIT | $810.5k | <0.1% | 55,780 |  | Unchanged |
| VANECK ETF TR VANECK BDC INCOME ETF | BDC INCOME ETF | $792.3k | <0.1% | 62,579 |  | Reduced −11,500 |
| [HESS MIDSTREAM LP CL A (HESM)](/companies/hesm.md) | CL A SHS | $772.7k | <0.1% | 20,550 |  | Unchanged |
| GLOBAL X FDS US PREFERRED ETF | US PFD ETF | $727.5k | <0.1% | 38,925 |  | Reduced −369 |
| [FIDUS INVT COPR (FDUS)](/companies/fdus.md) | COM | $627.8k | <0.1% | 32,919 |  | New +32,919 |
| [JOHNSON & JOHNSON (JNJ)](/companies/jnj.md) | COM | $578.3k | <0.1% | 2,277 |  | Reduced −70 |
| TRINITY PETROLEUM TR | COM | $526.0k | <0.1% | 10,020 |  | Unchanged |
| [GLOBAL PARTNERS LP COMUNITS (GLP)](/companies/glp.md) | COM | $459.4k | <0.1% | 9,860 |  | Unchanged |
| [ISHARES SILVER TRUST ETF IV (SLV)](/companies/slv.md) | ISHARES | $374.3k | <0.1% | 7,000 |  | Unchanged |
| [FIRST FINANCIAL BANKSHARES INC (FFIN)](/companies/ffin.md) | COM | $303.1k | <0.1% | 8,760 |  | Unchanged |
| ISHARES SELECT DIVIDEND ETF | SELECT DIVID ETF | $208.0k | <0.1% | 1,331 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [FS KKR CAPITAL CORP (FSK)](/companies/fsk.md) | COM | $0 | 0.0% | 0 |  | Sold out −132,384 |

Source: SEC EDGAR, Form 13F-HR, accession 0001386929-26-000010. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.