SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Salient Capital Advisors, LLC

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

Reported Value
$2.1B
Q1 2021
Positions
62
Filings on Record
18
2019–present window
Filed
May 6, 2021
original filing

Summary

Salient Capital Advisors, LLC reported $2.1B in U.S.-listed holdings across 62 positions for Q1 2021.

Its largest position, LNG, represents 9.5% of the portfolio.

Compared with Q4 2020, the fund opened 16 new positions and exited 31.

Portfolio Metrics

Turnover
+9.0%
vs prior filed quarter
Top-10 Concentration
+64.9%
share of reported value
Largest Position
+9.5%
Cheniere Energy
New / Exited
16 / 31
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: 57.0%MLP: 36.8%Ltd Part: 3.1%Other: 2.9%Unit: 0.3%
  • Common Stock · 57.0% · $1.2B
  • MLP · 36.8% · $769M
  • Ltd Part · 3.1% · $64M
  • Other · 2.9% · $60M
  • Unit · 0.3% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ECP ENVIRONMENTAL GW OPT CORNEW+895.5K895.5K+$9M$9M
TORTOISE ACQUISITION CORP IINEW+775.7K775.7K+$8M$8M
POWER DIGITAL INFRA ACQ CONEW+800.0K800.0K+$8M$8M
SPARTAN ACQUISITION CORP IIINEW+596.4K596.4K+$6M$6M
FIRST RESERVE SUSTAINABLE GWNEW+553.0K553.0K+$6M$6M
DECARBONIZATION PLUS ACQU IINEW+537.4K537.4K+$5M$5M
TORTOISE ACQUISITION CORP IINEW+406.3K406.3K+$5M$5M
SWITCHBACK II CORPORATIONNEW+375.0K375.0K+$4M$4M

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

Holdings — Q1 2021

61 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LNGCHENIERE ENERGY INChistory →COM NEW9.46%$198M2.75M
2EPDENTERPRISE PRODS PARTNERS Lhistory →COM8.77%$183M8.33M
3ETENERGY TRANSFER LPhistory →COM UT LTD PTN6.28%$131M17.11M
4WMBWILLIAMS COS INChistory →COM6.19%$129M5.46M
5MPLXMPLX LPhistory →COM UNIT REP LTD6.16%$129M5.03M
6ENBENBRIDGE INChistory →COM6.11%$128M3.49M
7TRPTC ENERGY CORPhistory →COM5.72%$120M2.59M
8OKEONEOK INC NEWhistory →COM5.59%$117M2.31M
9PBAPEMBINA PIPELINE CORPhistory →COM5.56%$116M3.99M
10TRGPTARGA RES CORPhistory →COM5.05%$106M3.33M
11KMIKINDER MORGAN INC DELhistory →COM3.68%$77M4.63M
12PAAPLAINS ALL AMERN PIPELINE Lhistory →UNIT LTD PARTN3.48%$73M8.01M
13XIFRNEXTERA ENERGY PARTNERS LPhistory →COM UNIT PART IN2.67%$56M765.2K
14WESWESTERN MIDSTREAM PARTNERS Lhistory →COM UNIT LP INT2.09%$44M2.35M
15PAGPPLAINS GP HLDGS L Phistory →LTD PARTNR INT A1.93%$40M4.29M
16EQUITRANS MIDSTREAM CORPCOM1.86%$39M4.77M
17MAGELLAN MIDSTREAM PRTNRS LPCOM UNIT RP LP1.83%$38M880.3K
18GELGENESIS ENERGY L Phistory →UNIT LTD PARTN1.75%$37M3.93M
19DCP MIDSTREAM LPCOM UT LTD PTN1.56%$33M1.51M
20CRESTWOOD EQUITY PARTNERS LPUNIT LTD PARTNER1.46%$31M1.19M
21ENPHENPHASE ENERGY INChistory →COM1.29%$27M166.9K
22RATTLER MIDSTREAM LPCOM UNITS1.15%$24M2.27M
23SHELL MIDSTREAM PARTNERS L PUNIT LTD INT1.01%$21M1.59M
24ENABLE MIDSTREAM PARTNERS LPCOM UNIT RP IN0.78%$16M2.52M
25NUSTAR ENERGY LPUNIT COM0.77%$16M940.1K
26PHILLIPS 66 PARTNERS LPCOM UNIT REP INT0.72%$15M474.8K
27AMANTERO MIDSTREAM CORPhistory →COM0.66%$14M1.52M
28TORTOISE ACQUISITION CORP IICOM CL A · UNIT0.64%$13M1.18M
29SEDGSOLAREDGE TECHNOLOGIES INChistory →COM0.53%$11M38.7K
30RUNSUNRUN INCCOM0.43%$9M150.1K
31ECP ENVIRONMENTAL GW OPT CORUNIT0.43%$9M895.5K
32POWER DIGITAL INFRA ACQ COUNIT0.39%$8M800.0K
33BEBLOOM ENERGY CORPCOM CL A0.36%$8M281.1K
34NOVAQSUNNOVA ENERGY INTL INC.COM0.35%$7M181.5K
35ENVIVA PARTNERS LPCOM UNIT0.34%$7M146.7K
36SPARTAN ACQUISITION CORP IIIUNIT0.29%$6M596.4K
37FIRST RESERVE SUSTAINABLE GWUNIT0.27%$6M553.0K
38DECARBONIZATION PLUS ACQU IIUNIT0.26%$5M537.4K
39TPI COMPOSITES INCCOM0.23%$5M83.7K
40ENLINK MIDSTREAM LLCCOM UNIT REP LTD0.22%$5M1.09M
41SWITCHBACK II CORPORATIONUNIT0.18%$4M375.0K
42STAR PEAK CORP IIUNIT0.16%$3M325.0K
43CLIMATE REAL IMPACT SLUTINSUNIT0.15%$3M309.7K
44VLOVALERO ENERGY CORPCOM0.13%$3M38.5K
45PSXPHILLIPS 66COM0.13%$3M32.5K
46HESMHESS MIDSTREAM LPCL A SHS0.12%$3M114.4K
47PLUGPLUG POWER INCCOM NEW0.12%$3M70.3K
48SHLSSHOALS TECHNOLOGIES GROUP INCL A0.11%$2M68.5K
49KNTKALTUS MIDSTREAM COCOM NEW CL A0.08%$2M30.4K
50ATLANTICA SUSTAINABLE INFR PSHS0.07%$1M37.4K
51NEENEXTERA ENERGY INCCOM0.07%$1M18.0K
52HENNESSY CAPITAL INVS CORP VUNIT0.06%$1M128.3K
53HOLLY ENERGY PARTNERS L PCOM UT LTD PTN0.05%$1M58.6K
54NORTHERN GENESIS ACQUISITIONUNIT0.04%$860,00084.0K
55MPCMARATHON PETE CORPCOM0.04%$815,00015.2K
56CQPCHENIERE ENERGY PARTNERS LPCOM UNIT0.03%$700,00016.8K
57CVXCHEVRON CORP NEWCOM0.03%$682,0006.5K
58EXMOCEXXON MOBIL CORPCOM0.03%$663,00011.9K
59NOBLE MIDSTREAM PARTNERS LPCOM UNIT REPST0.03%$554,00038.2K
60MACQUARIE INFRASTRUCTURE CORCOM0.03%$528,00016.6K
61BP MIDSTREAM PARTNERS LPUNIT LTD PTNR0.01%$181,00014.3K

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 ↗.