SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Salient Capital Advisors, LLC

CIK 0001510769 · 4265 SAN FELIPE, 8TH FLOOR, HOUSTON, TX, 77027 · 713-993-4675

Reported Value
$1.6B
Q3 2020
Positions
71
Filings on Record
18
2019–present window
Filed
Nov 16, 2020
original filing

Summary

Salient Capital Advisors, LLC reported $1.6B in U.S.-listed holdings across 71 positions for Q3 2020.

Its largest position, ENB, represents 12.7% of the portfolio.

Compared with Q2 2020, the fund opened 12 new positions and exited 5.

Portfolio Metrics

Turnover
+10.0%
vs prior filed quarter
Top-10 Concentration
+72.0%
share of reported value
Largest Position
+12.7%
Enbridge
New / Exited
12 / 5
positions this quarter

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
Q4 ’18: $3.7BQ4 ’18Q1 ’19: $8.6BQ2 ’19: $4.1BQ3 ’19: $3.7BQ3 ’19Q4 ’19: $3.5BQ1 ’20: $1.6BQ2 ’20: $2.1BQ2 ’20Q3 ’20: $1.6BQ4 ’20: $1.8BQ1 ’21: $2.1BQ1 ’21Q2 ’21: $2.4BQ3 ’21: $2.0BQ4 ’21: $2.0BQ4 ’21Q1 ’22: $2.4BQ2 ’22: $1.9BQ3 ’22: $1.7BQ3 ’22Q4 ’22: $0filingsflow.com

Portfolio Composition

By security type
Common Stock: 71.1%MLP: 26.4%Ltd Part: 1.6%Unit: 0.5%Other: 0.4%
  • Common Stock · 71.1% · $1.1B
  • MLP · 26.4% · $413M
  • Ltd Part · 1.6% · $25M
  • Unit · 0.5% · $7M
  • Other · 0.4% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SRESEMPRA ENERGYNEW+52.5K52.5K+$6M$6M
NEENEXTERA ENERGY INCNEW+21.3K21.3K+$6M$6M
DDOMINION ENERGY INCNEW+71.4K71.4K+$6M$6M
ENPHENPHASE ENERGY INCNEW+67.0K67.0K+$6M$6M
SEDGSOLAREDGE TECHNOLOGIES INCNEW+17.3K17.3K+$4M$4M
ATLANTICA SUSTAINABLE INFR PNEW+78.3K78.3K+$2M$2M
BEPCBROOKFIELD RENEWABLE PARTNERNEW+33.7K33.7K+$2M$2M
NOVAQSUNNOVA ENERGY INTL INC.NEW+55.0K55.0K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2020

71 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ENBENBRIDGE INChistory →COM12.70%$198M6.66M
2TRPTC ENERGY CORPhistory →COM11.68%$182M4.25M
3PBAPEMBINA PIPELINE CORPhistory →COM8.97%$140M6.48M
4LNGCHENIERE ENERGY INChistory →COM NEW8.52%$133M2.87M
5KMIKINDER MORGAN INC DELhistory →COM6.40%$100M8.10M
6EPDENTERPRISE PRODS PARTNERS Lhistory →COM5.95%$93M5.88M
7WMBWILLIAMS COS INChistory →COM5.41%$84M4.30M
8ETENERGY TRANSFER LPhistory →COM UT LTD PTN4.60%$72M13.24M
9OKEONEOK INC NEWhistory →COM4.25%$66M2.55M
10EQUITRANS MIDSTREAM CORPCOM3.48%$54M6.41M
11MAGELLAN MIDSTREAM PRTNRS LPCOM UNIT RP LP3.09%$48M1.41M
12XIFRNEXTERA ENERGY PARTNERS LPhistory →COM UNIT PART IN2.45%$38M638.3K
13TRGPTARGA RES CORPhistory →COM2.08%$33M2.32M
14MPLXMPLX LPhistory →COM UNIT REP LTD2.05%$32M2.03M
15PAAPLAINS ALL AMERN PIPELINE Lhistory →UNIT LTD PARTN1.85%$29M4.84M
16WESWESTERN MIDSTREAM PARTNERS Lhistory →COM UNIT LP INT1.69%$26M3.30M
17AMANTERO MIDSTREAM CORPhistory →COM1.48%$23M4.29M
18NUSTAR ENERGY LPUNIT COM1.45%$23M2.13M
19PAGPPLAINS GP HLDGS L Phistory →LTD PARTNR INT A1.34%$21M3.44M
20SHELL MIDSTREAM PARTNERS L PUNIT LTD INT1.24%$19M2.04M
21PHILLIPS 66 PARTNERS LPCOM UNIT REP INT1.06%$17M720.2K
22GELGENESIS ENERGY L Phistory →UNIT LTD PARTN0.76%$12M2.63M
23CQPCHENIERE ENERGY PARTNERS LPhistory →COM UNIT0.75%$12M351.8K
24ENVIVA PARTNERS LPCOM UNIT0.63%$10M245.0K
25ENLINK MIDSTREAM LLCCOM UNIT REP LTD0.47%$7M3.11M
26TC PIPELINES LPUT COM LTD PRT0.47%$7M284.7K
27ENABLE MIDSTREAM PARTNERS LPCOM UNIT RP IN0.47%$7M1.76M
28SRESEMPRA ENERGYCOM0.40%$6M52.5K
29DCP MIDSTREAM LPCOM UT LTD PTN0.40%$6M555.9K
30NEENEXTERA ENERGY INCCOM0.38%$6M21.3K
31DDOMINION ENERGY INCCOM0.36%$6M71.4K
32ENPHENPHASE ENERGY INCCOM0.35%$6M67.0K
33SEDGSOLAREDGE TECHNOLOGIES INCCOM0.26%$4M17.3K
34NOBLE MIDSTREAM PARTNERS LPCOM UNIT REPST0.26%$4M544.8K
35RATTLER MIDSTREAM LPCOM UNITS0.25%$4M646.8K
36BP MIDSTREAM PARTNERS LPUNIT LTD PTNR0.19%$3M294.6K
37NGLNGL ENERGY PARTNERS LPCOM UNIT REPST0.17%$3M689.3K
38HESMHESS MIDSTREAM LPCL A SHS0.17%$3M173.9K
39ATLANTICA SUSTAINABLE INFR PSHS0.14%$2M78.3K
40HOLLY ENERGY PARTNERS L PCOM UT LTD PTN0.12%$2M149.7K
41BEPCBROOKFIELD RENEWABLE PARTNERPARTNERSHIP UNIT0.11%$2M33.7K
42NOVAQSUNNOVA ENERGY INTL INC.COM0.11%$2M55.0K
43PBF LOGISTICS LPUNIT LTD PTNR0.07%$1M137.1K
44BROOKFIELD INFRASTRUCTURE COCOM SB VTG SHS A0.05%$818,00014.8K
45PIONEER NAT RES COCOM0.05%$783,0009.1K
46PARSLEY ENERGY INCCL A0.05%$768,00082.0K
47COPCONOCOPHILLIPSCOM0.05%$738,00022.5K
48CONCHO RES INCCOM0.04%$689,00015.6K
49CIMAREX ENERGY COCOM0.04%$682,00028.0K
50WPX ENERGY INCCOM0.04%$679,000138.5K
51MPCMARATHON PETE CORPCOM0.04%$672,00022.9K
52DVNDEVON ENERGY CORP NEWCOM0.04%$610,00064.5K
53FANGDIAMONDBACK ENERGY INCCOM0.04%$597,00019.8K
54CHAMPIONX CORPORATIONCOM0.04%$586,00073.4K
55EOGEOG RES INCCOM0.04%$570,00015.9K
56CTRACABOT OIL GAS CORPCOM0.04%$568,00032.7K
57BROOKFIELD RENEWABLE CORPCL A SUB VTG0.04%$560,0009.5K
58EQTEQT CORPCOM0.03%$539,00041.7K
59HESHESS CORPCOM0.03%$537,00013.1K
60OVVOVINTIV INCCOM0.03%$532,00065.2K
61CVXCHEVRON CORP NEWCOM0.03%$478,0006.6K
62VLOVALERO ENERGY CORPCOM0.03%$477,00011.0K
63EXMOCEXXON MOBIL CORPCOM0.03%$475,00013.8K
64BKRBAKER HUGHES COMPANYCL A0.03%$449,00033.8K
65PSXPHILLIPS 66COM0.03%$425,0008.2K
66FTITECHNIPFMC PLCCOM0.03%$410,00065.0K
67APACHE CORPCOM0.03%$400,00042.2K
68HOLLYFRONTIER CORPCOM0.02%$281,00014.2K
69PDC ENERGY INCCOM0.02%$251,00020.2K
70NFGNATIONAL FUEL GAS CO N JCOM0.01%$225,0005.6K
71HALHALLIBURTON COCOM0.01%$212,00017.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2022$01Jan 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.7B43Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.9B82Aug 2, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.4B78May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.0B75Feb 3, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.0B57Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.4B58Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.1B62May 6, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.8B77Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.6B71Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.1B64Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.6B59May 12, 202013F-HRchanges · EDGAR ↗
Q4 2019$3.5B76Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$3.7B76Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$4.1B83Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019REVEALED$8.6B107May 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$3.7B57Feb 13, 201913F-HRchanges · 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 ↗.