SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Salient Capital Advisors, LLC

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

Reported Value
$1.8B
Q4 2020
Positions
77
Filings on Record
18
2019–present window
Filed
Feb 11, 2021
original filing

Summary

Salient Capital Advisors, LLC reported $1.8B in U.S.-listed holdings across 77 positions for Q4 2020.

Its largest position, LNG, represents 8.9% of the portfolio.

Compared with Q3 2020, the fund opened 14 new positions and exited 8.

Portfolio Metrics

Turnover
+19.6%
vs prior filed quarter
Top-10 Concentration
+61.4%
share of reported value
Largest Position
+8.9%
Cheniere Energy
New / Exited
14 / 8
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: 59.4%MLP: 34.9%Ltd Part: 4.3%Other: 0.9%Unit: 0.4%Other: 0.1%
  • Common Stock · 59.4% · $1.1B
  • MLP · 34.9% · $621M
  • Ltd Part · 4.3% · $77M
  • Other · 0.9% · $16M
  • Unit · 0.4% · $8M
  • Other · 0.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRESTWOOD EQUITY PARTNERS LPNEW+447.5K447.5K+$8M$8M
RUNSUNRUN INCNEW+118.7K118.7K+$8M$8M
BEBLOOM ENERGY CORPNEW+132.6K132.6K+$4M$4M
SPWRQSUNPOWER CORPNEW+133.7K133.7K+$3M$3M
TPI COMPOSITES INCNEW+42.4K42.4K+$2M$2M
PLUGPLUG POWER INCNEW+46.4K46.4K+$2M$2M
KNTKALTUS MIDSTREAM CONEW+30.4K30.4K+$1M$1M
AMLPALPS ETF TRNEW+20.5K20.5K+$526,000$526,000

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

Holdings — Q4 2020

77 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LNGCHENIERE ENERGY INChistory →COM NEW8.90%$159M2.64M
2PBAPEMBINA PIPELINE CORPhistory →COM7.70%$137M5.72M
3EPDENTERPRISE PRODS PARTNERS Lhistory →COM7.69%$137M6.99M
4ENBENBRIDGE INChistory →COM6.92%$123M3.83M
5TRGPTARGA RES CORPhistory →COM6.23%$111M4.21M
6OKEONEOK INC NEWhistory →COM6.16%$110M2.86M
7ETENERGY TRANSFER LPhistory →COM UT LTD PTN5.92%$105M17.06M
8TRPTC ENERGY CORPhistory →COM4.13%$74M1.80M
9MPLXMPLX LPhistory →COM UNIT REP LTD3.98%$71M3.27M
10PAAPLAINS ALL AMERN PIPELINE Lhistory →UNIT LTD PARTN3.79%$68M8.20M
11PAGPPLAINS GP HLDGS L Phistory →LTD PARTNR INT A3.43%$61M7.24M
12WMBWILLIAMS COS INChistory →COM3.29%$59M2.93M
13KMIKINDER MORGAN INC DELhistory →COM2.97%$53M3.87M
14WESWESTERN MIDSTREAM PARTNERS Lhistory →COM UNIT LP INT2.96%$53M3.82M
15EQUITRANS MIDSTREAM CORPCOM2.63%$47M5.84M
16XIFRNEXTERA ENERGY PARTNERS LPhistory →COM UNIT PART IN2.40%$43M637.7K
17MAGELLAN MIDSTREAM PRTNRS LPCOM UNIT RP LP2.21%$39M928.2K
18GELGENESIS ENERGY L Phistory →UNIT LTD PARTN1.58%$28M4.53M
19AMANTERO MIDSTREAM CORPhistory →COM1.53%$27M3.54M
20ENABLE MIDSTREAM PARTNERS LPCOM UNIT RP IN1.48%$26M5.01M
21ENPHENPHASE ENERGY INChistory →COM1.43%$26M145.6K
22NUSTAR ENERGY LPUNIT COM1.27%$23M1.57M
23PHILLIPS 66 PARTNERS LPCOM UNIT REP INT1.07%$19M724.1K
24SEDGSOLAREDGE TECHNOLOGIES INChistory →COM1.00%$18M55.6K
25SHELL MIDSTREAM PARTNERS L PUNIT LTD INT0.95%$17M1.68M
26RATTLER MIDSTREAM LPCOM UNITS0.91%$16M1.71M
27NOBLE MIDSTREAM PARTNERS LPCOM UNIT REPST0.81%$14M1.39M
28BROOKFIELD RENEWABLE CORPCL A SUB VTG0.69%$12M211.1K
29DCP MIDSTREAM LPCOM UT LTD PTN0.58%$10M554.9K
30CRESTWOOD EQUITY PARTNERS LPUNIT LTD PARTNER0.48%$8M447.5K
31RUNSUNRUN INCCOM0.46%$8M118.7K
32ENLINK MIDSTREAM LLCCOM UNIT REP LTD0.42%$8M2.03M
33MPCMARATHON PETE CORPCOM0.39%$7M168.7K
34NOVAQSUNNOVA ENERGY INTL INC.COM0.33%$6M130.8K
35ENVIVA PARTNERS LPCOM UNIT0.33%$6M127.7K
36PSXPHILLIPS 66COM0.32%$6M81.9K
37VLOVALERO ENERGY CORPCOM0.30%$5M94.2K
38BEBLOOM ENERGY CORPCOM CL A0.21%$4M132.6K
39SPWRQSUNPOWER CORPCOM0.19%$3M133.7K
40BROOKFIELD INFRASTRUCTURE COCOM SB VTG SHS A0.14%$2M33.5K
41TPI COMPOSITES INCCOM0.13%$2M42.4K
42BP MIDSTREAM PARTNERS LPUNIT LTD PTNR0.13%$2M210.9K
43HESMHESS MIDSTREAM LPCL A SHS0.13%$2M114.1K
44PLUGPLUG POWER INCCOM NEW0.09%$2M46.4K
45KNTKALTUS MIDSTREAM COCOM NEW CL A0.08%$1M30.4K
46ATLANTICA SUSTAINABLE INFR PSHS0.08%$1M36.7K
47EXMOCEXXON MOBIL CORPCOM0.08%$1M33.9K
48CIMAREX ENERGY COCOM0.07%$1M31.2K
49PIONEER NAT RES COCOM0.06%$1M9.2K
50DVNDEVON ENERGY CORP NEWCOM0.06%$1M64.5K
51PARSLEY ENERGY INCCL A0.06%$983,00069.2K
52FANGDIAMONDBACK ENERGY INCCOM0.05%$959,00019.8K
53OVVOVINTIV INCCOM0.05%$936,00065.2K
54CTRACABOT OIL GAS CORPCOM0.05%$811,00049.8K
55FTITECHNIPFMC PLCCOM0.04%$800,00085.1K
56HESHESS CORPCOM0.04%$799,00015.1K
57EQTEQT CORPCOM0.04%$795,00062.5K
58EOGEOG RES INCCOM0.04%$791,00015.9K
59HOLLY ENERGY PARTNERS L PCOM UT LTD PTN0.04%$773,00054.4K
60APACHE CORPCOM0.04%$708,00049.9K
61BKRBAKER HUGHES COMPANYCL A0.04%$704,00033.8K
62COPCONOCOPHILLIPSCOM0.04%$697,00017.4K
63CONCHO RES INCCOM0.04%$682,00011.7K
64WPX ENERGY INCCOM0.04%$652,00080.0K
65CVXCHEVRON CORP NEWCOM0.04%$639,0007.6K
66NGLNGL ENERGY PARTNERS LPCOM UNIT REPST0.04%$627,000261.4K
67PDC ENERGY INCCOM0.03%$544,00026.5K
68AMLPALPS ETF TRALERIAN MLP0.03%$526,00020.5K
69CHAMPIONX CORPORATIONCOM0.02%$404,00026.4K
70HALHALLIBURTON COCOM0.02%$333,00017.6K
71CRKCOMSTOCK RES INCCOM0.02%$309,00070.8K
72BONANZA CREEK ENERGY INCCOM NEW0.02%$283,00014.6K
73JPMORGAN CHASE COALERIAN ML ETN0.02%$268,00019.3K
74SEISOLARIS OILFIELD INFRSTR INCCOM CL A0.01%$259,00031.8K
75MGYMAGNOLIA OIL GAS CORPCL A0.01%$225,00031.9K
76PBF LOGISTICS LPUNIT LTD PTNR0.01%$223,00024.4K
77ROYAL DUTCH SHELL PLCSPONS ADR A0.01%$218,0006.2K

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 ↗.