Portfolio (Quarterly) Guide ↗

SL ADVISORS, LLC

· CIK 0001680365

13F Portfolio $57M AUM 32 positions Filed Jul 10, 2026 EDGAR ↗ ← All Funds

Q2 2026 Q4 2025 · All 2 Added 27 Reduced

Page 2 of 2 · 32 positions

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#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
21	WM	WASTE MANAGEMENT INC	Industrials	2,435.0	$543K	0.95%	-401.0	-14.1%	$222.88	+0.5%
22	LMT	KINETIK HOLDINGS	Industrials	811.0	$413K	0.72%	-72.0	-8.2%	$509.46	+10.6%
23	XLP	SPDR FUND CONSUMER STAPLES ETF	—	4,862.0	$404K	0.71%	—	—	$83.07	+3.5%
24	PAGP	PLAINS GP HLDGS	Energy	15,450.0	$375K	0.66%	-115.0	-0.7%	$24.27	+10.6%
25	ECL	ECOLAB INC	Basic Materials	1,269.0	$354K	0.62%	-22.0	-1.7%	$278.61	+1.1%
26	MCD	MCDONALDS CORP	Consumer Cyclical	1,165.0	$315K	0.55%	-229.0	-16.4%	$270.31	+0.2%
27	JNJ	JOHNSON & JOHNSON	Healthcare	1,074.0	$273K	0.48%	-29.0	-2.6%	$253.97	+6.4%
28	ADP	AUTO DATA PROCESSING	Industrials	1,186.0	$266K	0.47%	-824.0	-41.0%	$223.95	+25.4%
29	KO	THE COCA-COLA CO	Consumer Defensive	3,209.0	$261K	0.46%	-91.0	-2.8%	$81.27	+12.1%
30	MRK	MERCK & CO. INC.	Healthcare	1,992.0	$256K	0.45%	—	—	$128.50	+18.7%
31	PG	PROCTER & GAMBLE	Consumer Defensive	1,509.0	$221K	0.39%	-32.0	-2.1%	$146.64	-1.3%
32	HSY	HERSHEY CO	Consumer Defensive	1,204.0	$211K	0.37%	-30.0	-2.4%	$175.45	+6.3%

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① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation

Energy 87.4%

Industrials 5.5%

Financial Services 3.1%

Consumer Defensive 1.5%

Healthcare 1.1%

Basic Materials 0.7%

Consumer Cyclical 0.7%