As it seems impossible to filter the XPath message data (it isn't in the XML to filter), you can also use powershell to search:
Get-WinEvent -LogName System | Where-Object {$_.Message -like "*recycle*"}
From this, I can see that the event Id for recycling seems to be 5074, so you can filter on this as well. I hope this helps someone as this information seemed to take a lot longer than expected to work out.
This along with @BlackHawkDesign comment should help you find what you need.
I had the same issue. Maybe interesting to mention is that you have to configure in which cases the app pool recycle event is logged. By default it's in a couple of cases, not all of them. You can do that in IIS > app pools > select the app pool > advanced settings > expand generate recycle event log entry – BlackHawkDesign Jan 14 '15 at 10:00