SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Salient Capital Advisors, LLC

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

Reported Value
$2.4B
Q2 2021
Positions
58
Filings on Record
17
2019–present window
Filed
Aug 12, 2021
original filing

Summary

Salient Capital Advisors, LLC reported $2.4B in U.S.-listed holdings across 58 positions for Q2 2021.

Its largest position, OKE, represents 9.0% of the portfolio.

Compared with Q1 2021, the fund opened 12 new positions and exited 16.

Portfolio Metrics

Turnover
+8.7%
vs prior filed quarter
Top-10 Concentration
+65.2%
share of reported value
Largest Position
+9.0%
Oneok
New / Exited
12 / 16
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
Q1 ’19: $8.6BQ1 ’19Q2 ’19: $4.1BQ3 ’19: $3.7BQ3 ’19Q4 ’19: $3.5BQ1 ’20: $1.6BQ1 ’20Q2 ’20: $2.1BQ3 ’20: $1.6BQ3 ’20Q4 ’20: $1.8BQ1 ’21: $2.1BQ1 ’21Q2 ’21: $2.4BQ3 ’21: $2.0BQ3 ’21Q4 ’21: $2.0BQ1 ’22: $2.4BQ1 ’22Q2 ’22: $1.9BQ3 ’22: $1.7BQ3 ’22Q4 ’22: $0filingsflow.com

Portfolio Composition

By security type
Common Stock: 56.9%MLP: 37.5%Ltd Part: 3.8%Other: 1.0%Unit: 0.9%
  • Common Stock · 56.9% · $1.4B
  • MLP · 37.5% · $892M
  • Ltd Part · 3.8% · $91M
  • Other · 1.0% · $24M
  • Unit · 0.9% · $20M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TELLURIAN INC NEWNEW+1.89M1.89M+$9M$9M
FTCIFTC SOLAR INCNEW+246.2K246.2K+$3M$3M
STEMSTEM INCNEW+88.0K88.0K+$3M$3M
ARRYARRAY TECHNOLOGIES INCNEW+181.0K181.0K+$3M$3M
CSIQCANADIAN SOLAR INCNEW+39.5K39.5K+$2M$2M
FSLRFIRST SOLAR INCNEW+19.4K19.4K+$2M$2M
SPWRQSUNPOWER CORPNEW+59.6K59.6K+$2M$2M
RENEWABLE ENERGY GROUP INCNEW+16.5K16.5K+$1M$1M

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

Holdings — Q2 2021

58 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1OKEONEOK INC NEWhistory →COM9.03%$215M3.86M
2ETENERGY TRANSFER L Phistory →COM UT LTD PTN8.76%$209M19.62M
3LNGCHENIERE ENERGY INChistory →COM NEW8.58%$204M2.35M
4MPLXMPLX LPhistory →COM UNIT REP LTD7.19%$171M5.78M
5ENBENBRIDGE INChistory →COM6.53%$156M3.86M
6PBAPEMBINA PIPELINE CORPhistory →COM5.75%$137M4.27M
7WMBWILLIAMS COS INChistory →COM5.51%$131M4.94M
8EPDENTERPRISE PRODS PARTNERS Lhistory →COM5.22%$124M5.15M
9TRPTC ENERGY CORPhistory →COM4.62%$110M2.21M
10TRGPTARGA RES CORPhistory →COM3.99%$95M2.14M
11PAAPLAINS ALL AMERN PIPELINE Lhistory →UNIT LTD PARTN3.75%$89M7.85M
12KMIKINDER MORGAN INC DELhistory →COM3.20%$76M4.17M
13PAGPPLAINS GP HLDGS L Phistory →LTD PARTNR INT A2.84%$68M5.67M
14EQUITRANS MIDSTREAM CORPCOM2.44%$58M6.84M
15WESWESTERN MIDSTREAM PARTNERS Lhistory →COM UNIT LP INT2.29%$55M2.55M
16MAGELLAN MIDSTREAM PRTNRS LPCOM UNIT RP LP1.96%$47M952.2K
17PHILLIPS 66 PARTNERS LPCOM UNIT REP INT1.93%$46M1.16M
18DCP MIDSTREAM LPCOM UT LTD PTN1.78%$42M1.38M
19XIFRNEXTERA ENERGY PARTNERS LPhistory →COM UNIT PART IN1.76%$42M547.3K
20AMANTERO MIDSTREAM CORPhistory →COM1.72%$41M3.94M
21GELGENESIS ENERGY L Phistory →UNIT LTD PARTN1.42%$34M2.91M
22RATTLER MIDSTREAM LPCOM UNITS0.96%$23M2.10M
23ENABLE MIDSTREAM PARTNERS LPCOM UNIT RP IN0.93%$22M2.43M
24CRESTWOOD EQUITY PARTNERS LPUNIT LTD PARTNER0.90%$22M717.6K
25ENLINK MIDSTREAM LLCCOM UNIT REP LTD0.85%$20M3.18M
26NUSTAR ENERGY LPUNIT COM0.73%$17M967.6K
27ENPHENPHASE ENERGY INChistory →COM0.53%$13M68.9K
28SHELL MIDSTREAM PARTNERS L PUNIT LTD INT0.51%$12M829.7K
29ENVIVA PARTNERS LPCOM UNIT0.45%$11M204.0K
30TELLURIAN INC NEWCOM0.37%$9M1.89M
31POWER DIGITAL INFRA ACQ COUNIT0.34%$8M792.1K
32HESMHESS MIDSTREAM LPCL A SHS0.30%$7M281.3K
33SEDGSOLAREDGE TECHNOLOGIES INCCOM0.28%$7M24.2K
34BEBLOOM ENERGY CORPCOM CL A0.28%$7M247.1K
35NOVAQSUNNOVA ENERGY INTL INCCOM0.24%$6M153.6K
36ECP ENVIRONMENTAL GW OPT CORUNIT0.21%$5M484.6K
37RUNSUNRUN INCCOM0.19%$5M81.1K
38TPI COMPOSITES INCCOM0.16%$4M80.8K
39FTCIFTC SOLAR INCCOM0.14%$3M246.2K
40STEMSTEM INCCOM0.13%$3M88.0K
41BP MIDSTREAM PARTNERS LPUNIT LTD PTNR0.13%$3M218.8K
42TORTOISE ACQUISITION CORP IIUNIT0.13%$3M283.2K
43ARRYARRAY TECHNOLOGIES INCCOM SHS0.12%$3M181.0K
44CLIMATE REAL IMPACT SLUTINSUNIT0.11%$3M256.6K
45SHLSSHOALS TECHNOLOGIES GROUP INCL A0.10%$2M69.5K
46CSIQCANADIAN SOLAR INCCOM0.07%$2M39.5K
47FSLRFIRST SOLAR INCCOM0.07%$2M19.4K
48SPWRQSUNPOWER CORPCOM0.07%$2M59.6K
49PLUGPLUG POWER INCCOM NEW0.07%$2M45.9K
50ATLANTICA SUSTAINABLE INFR PSHS0.06%$1M37.5K
51NEENEXTERA ENERGY INCCOM0.06%$1M19.0K
52HOLLY ENERGY PARTNERS L PCOM UT LTD PTN0.05%$1M47.4K
53RENEWABLE ENERGY GROUP INCCOM NEW0.04%$1M16.5K
54CQPCHENIERE ENERGY PARTNERS LPCOM UNIT0.04%$855,00019.3K
55RICE ACQUISITION CORPCOM CL A0.03%$694,00038.5K
56DTEDTE ENERGY COCOM0.02%$555,0004.3K
57UGIUGI CORP NEWCOM0.02%$471,00010.2K
58BIPCBROOKFIELD INFRAST PARTNERSLP INT UNIT0.02%$384,0006.9K

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 ↗

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 ↗.