Managers / Q1 2019 · view latest →
Salient Capital Advisors, LLC
CIK 0001510769 · 4265 SAN FELIPE, 8TH FLOOR, HOUSTON, TX, 77027 · 713-993-4675
Reported Value
$8.6B
Q1 2019
Positions
107
includes revealed positions
Filings on Record
17
2019–present window
Filed
May 9, 2019
original filing
Summary
Salient Capital Advisors, LLC reported $8.6B in U.S.-listed holdings across 107 positions for Q1 2019.
Its largest position, ET, represents 9.1% of the portfolio.
Portfolio Metrics
Top-10 Concentration
+63.3%
share of reported value
Largest Position
+9.1%
Energy Transfer
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- Common Stock · 46.4% · $4.0B
- MLP · 43.0% · $3.7B
- Other · 6.1% · $521M
- Unit · 2.5% · $211M
- Ltd Part · 2.0% · $168M
- ETP · 0.1% · $5M
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ETENERGY TRANSFER LPREVEALED | NEW | +50.73M | 50.73M | +$780M | $780M |
| EPDENTERPRISE PRODS PARTNERS LREVEALED | NEW | +25.46M | 25.46M | +$741M | $741M |
| ENBENBRIDGE INCREVEALED | NEW | +20.44M | 20.44M | +$735M | $735M |
| WMBWILLIAMS COS INC DELREVEALED | NEW | +25.17M | 25.17M | +$723M | $723M |
| PBAPEMBINA PIPELINE CORPREVEALED | NEW | +12.90M | 12.90M | +$475M | $475M |
| TRGPTARGA RES CORPREVEALED | NEW | +10.32M | 10.32M | +$429M | $429M |
| AMANTERO MIDSTREAM CORPREVEALED | NEW | +25.07M | 25.07M | +$413M | $413M |
| MPLXMPLX LPREVEALED | NEW | +12.01M | 12.01M | +$395M | $395M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2019REVEALED
54 positions (from 107 filing rows — )
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ETENERGY TRANSFER LPREVEALEDhistory → | COM UT LTD PTN | 9.10% | $780M | 50.73M |
| 2 | EPDENTERPRISE PRODS PARTNERS LREVEALEDhistory → | COM | 8.65% | $741M | 25.46M |
| 3 | ENBENBRIDGE INCREVEALEDhistory → | COM | 8.58% | $735M | 20.44M |
| 4 | WMBWILLIAMS COS INC DELREVEALEDhistory → | COM | 8.44% | $723M | 25.17M |
| 5 | PBAPEMBINA PIPELINE CORPREVEALEDhistory → | COM | 5.54% | $475M | 12.90M |
| 6 | TRGPTARGA RES CORPREVEALEDhistory → | COM | 5.01% | $429M | 10.32M |
| 7 | AMANTERO MIDSTREAM CORPREVEALEDhistory → | COM | 4.82% | $413M | 25.07M |
| 8 | MPLXMPLX LPREVEALEDhistory → | COM UNIT REP LTD | 4.61% | $395M | 12.01M |
| 9 | LNGCHENIERE ENERGY INCREVEALEDhistory → | COM NEW | 4.30% | $368M | 5.39M |
| 10 | PAAPLAINS ALL AMERN PIPELINE LREVEALEDhistory → | UNIT LTD PARTN | 4.21% | $360M | 14.70M |
| 11 | OKEONEOK INC NEWREVEALEDhistory → | COM | 3.72% | $318M | 4.56M |
| 12 | GELGENESIS ENERGY L PREVEALEDhistory → | UNIT LTD PARTN | 3.23% | $276M | 11.86M |
| 13 | TALLGRASS ENERGY LPREVEALED | CLASS A SHS | 3.01% | $258M | 10.26M |
| 14 | TRANSCANADA CORPREVEALED | COM | 2.89% | $247M | 5.50M |
| 15 | ENLINK MIDSTREAM LLCREVEALED | COM UNIT REP LTD | 2.46% | $211M | 16.49M |
| 16 | SHELL MIDSTREAM PARTNERS L PREVEALED | UNIT LTD INT | 2.35% | $201M | 9.83M |
| 17 | WESWESTERN MIDSTREAM PARTNERS LREVEALEDhistory → | COM UNIT LP INT | 2.09% | $179M | 5.70M |
| 18 | PHILLIPS 66 PARTNERS LPREVEALED | COM UNIT REP INT | 2.02% | $173M | 3.31M |
| 19 | PAGPPLAINS GP HLDGS L PREVEALEDhistory → | LTD PARTNR INT A | 1.97% | $168M | 6.76M |
| 20 | MAGELLAN MIDSTREAM PRTNRS LPREVEALED | COM UNIT RP LP | 1.80% | $154M | 2.55M |
| 21 | BP MIDSTREAM PARTNERS LPREVEALED | UNIT LTD PTNR | 1.79% | $154M | 10.62M |
| 22 | KMIKINDER MORGAN INC DELREVEALEDhistory → | COM | 1.49% | $128M | 6.38M |
| 23 | NGLNGL ENERGY PARTNERS LPREVEALEDhistory → | COM UNIT REPST | 1.46% | $125M | 8.91M |
| 24 | NOBLE MIDSTREAM PARTNERS LPREVEALED | COM UNIT REPST | 1.31% | $112M | 3.12M |
| 25 | EQM MIDSTREAM PARTNERS LPREVEALED | UNIT LTD PARTN | 1.12% | $96M | 2.08M |
| 26 | ALTUS MIDSTREAM COREVEALED | CL A | 0.98% | $84M | 14.21M |
| 27 | XIFRNEXTERA ENERGY PARTNERS LPREVEALEDhistory → | COM UNIT PART IN | 0.53% | $46M | 980.9K |
| 28 | SEMGROUP CORPREVEALED | CL A | 0.47% | $40M | 2.75M |
| 29 | WLKPWESTLAKE CHEM PARTNERS LPREVEALEDhistory → | COM UNIT RP LP | 0.28% | $24M | 1.06M |
| 30 | ANDEAVOR LOGISTICS LPREVEALED | COM UNIT LP INT | 0.20% | $17M | 479.7K |
| 31 | TELLURIAN INC NEWREVEALED | COM | 0.20% | $17M | 1.51M |
| 32 | MACQUARIE INFRASTRUCTURE CORREVEALED | COM | 0.19% | $16M | 397.4K |
| 33 | CRESTWOOD EQUITY PARTNERS LPREVEALED | UNIT LTD PARTNER | 0.17% | $15M | 414.5K |
| 34 | DCP MIDSTREAM LPREVEALED | COM UT LTD PTN | 0.13% | $11M | 347.9K |
| 35 | GASLOG PARTNERS LPREVEALED | UNIT LTD PTNRP | 0.11% | $10M | 431.8K |
| 36 | CNX MIDSTREAM PARTNERS LPREVEALED | COM UNIT REPST | 0.11% | $9M | 619.5K |
| 37 | SUNSUNOCO LPREVEALED | COM UT REP LP | 0.08% | $7M | 215.4K |
| 38 | GASLOG LTDREVEALED | SHS | 0.06% | $5M | 306.8K |
| 39 | JPMORGAN CHASE & COREVEALED | ALERIAN ML ETN | 0.06% | $5M | 192.6K |
| 40 | GLNGGOLAR LNG LTD BERMUDAREVEALED | SHS | 0.06% | $5M | 226.2K |
| 41 | GOLAR LNG PARTNERS LPREVEALED | COM UNIT LPI | 0.06% | $5M | 366.3K |
| 42 | ENABLE MIDSTREAM PARTNERS LPREVEALED | COM UNIT RP IN | 0.05% | $4M | 312.8K |
| 43 | OASIS MIDSTREAM PARTNERS LPREVEALED | COM UNITS REPS | 0.05% | $4M | 219.8K |
| 44 | CQPCHENIERE ENERGY PARTNERS LPREVEALED | COM UNIT | 0.04% | $4M | 87.6K |
| 45 | USACUSA COMPRESSION PARTNERS LPREVEALED | COMUNIT LTDPAR | 0.03% | $3M | 184.9K |
| 46 | HOLLY ENERGY PARTNERS L PREVEALED | COM UT LTD PTN | 0.03% | $3M | 100.3K |
| 47 | VIPER ENERGY PARTNERS LPREVEALED | COM UNT RP INT | 0.03% | $2M | 69.2K |
| 48 | AROCARCHROCK INCREVEALED | COM | 0.03% | $2M | 233.9K |
| 49 | ENVIVA PARTNERS LPREVEALED | COM UNIT | 0.03% | $2M | 67.5K |
| 50 | EQUITRANS MIDSTREAM CORPORATREVEALED | COM | 0.02% | $1M | 64.8K |
| 51 | BUCKEYE PARTNERS L PREVEALED | UNIT LTD PARTN | 0.01% | $1M | 35.8K |
| 52 | USDPUSD PARTNERS LPREVEALED | COM UT REP LTD | 0.01% | $752,000 | 69.4K |
| 53 | HESS MIDSTREAM PARTNERS LPREVEALED | UNIT LTD PR INT | 0.00% | $410,000 | 19.3K |
| 54 | MMLPMARTIN MIDSTREAM PRTNRS L PREVEALED | UNIT L P INT | 0.00% | $332,000 | 26.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2022 | $0 | 1 | Jan 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $1.7B | 43 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $1.9B | 82 | Aug 2, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $2.4B | 78 | May 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $2.0B | 75 | Feb 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $2.0B | 57 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $2.4B | 58 | Aug 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $2.1B | 62 | May 6, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $1.8B | 77 | Feb 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $1.6B | 71 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $2.1B | 64 | Aug 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $1.6B | 59 | May 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $3.5B | 76 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $3.7B | 76 | Nov 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $4.1B | 83 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019REVEALED | $8.6B | 107 | May 9, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.