SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Salient Capital Advisors, LLC

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

Reported Value
$2.0B
Q3 2021
Positions
57
Filings on Record
17
2019–present window
Filed
Nov 12, 2021
original filing

Summary

Salient Capital Advisors, LLC reported $2.0B in U.S.-listed holdings across 57 positions for Q3 2021.

Its largest position, ET, represents 8.5% of the portfolio.

Compared with Q2 2021, the fund opened 18 new positions and exited 19.

Portfolio Metrics

Turnover
+5.8%
vs prior filed quarter
Top-10 Concentration
+61.9%
share of reported value
Largest Position
+8.5%
Energy Transfer L P
New / Exited
18 / 19
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: 58.8%MLP: 34.7%Ltd Part: 3.6%Unit: 2.1%Other: 0.8%
  • Common Stock · 58.8% · $1.2B
  • MLP · 34.7% · $680M
  • Ltd Part · 3.6% · $71M
  • Unit · 2.1% · $41M
  • Other · 0.8% · $15M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ARCHAEA ENERGY INCNEW+2.19M2.19M+$31M$31M
MVSTMICROVAST HOLDINGS INCNEW+2.00M2.00M+$16M$16M
VOLTA INCNEW+749.8K749.8K+$6M$6M
VIPER ENERGY PARTNERS LPNEW+115.7K115.7K+$3M$3M
KRPKIMBELL RTY PARTNERS LPNEW+170.8K170.8K+$2M$2M
CWENCLEARWAY ENERGY INCNEW+57.9K57.9K+$2M$2M
DECARBONIZATION PLUS ACQU IINEW+40.0K40.0K+$396,000$396,000
BOWX ACQUISITION CORPNEW+30.0K30.0K+$300,000$300,000

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

Holdings — Q3 2021

56 positions (from 57 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ETENERGY TRANSFER L Phistory →COM UT LTD PTN8.52%$167M17.42M
2LNGCHENIERE ENERGY INChistory →COM NEW8.37%$164M1.68M
3ENBENBRIDGE INChistory →COM7.58%$148M3.69M
4OKEONEOK INC NEWhistory →COM6.92%$136M2.34M
5MPLXMPLX LPhistory →COM UNIT REP LTD6.65%$130M4.58M
6WMBWILLIAMS COS INChistory →COM5.29%$104M4.00M
7TRGPTARGA RES CORPhistory →COM5.14%$101M2.05M
8PBAPEMBINA PIPELINE CORPhistory →COM4.89%$96M2.98M
9TRPTC ENERGY CORPhistory →COM4.69%$92M1.89M
10KMIKINDER MORGAN INC DELhistory →COM3.82%$75M4.47M
11EQUITRANS MIDSTREAM CORPCOM3.73%$73M7.21M
12EPDENTERPRISE PRODS PARTNERS Lhistory →COM3.36%$66M3.04M
13PAAPLAINS ALL AMERN PIPELINE Lhistory →UNIT LTD PARTN3.29%$64M6.33M
14PAGPPLAINS GP HLDGS L Phistory →LTD PARTNR INT A2.70%$53M4.90M
15WESWESTERN MIDSTREAM PARTNERS Lhistory →COM UNIT LP INT2.51%$49M2.35M
16DCP MIDSTREAM LPCOM UT LTD PTN2.13%$42M1.48M
17ENLINK MIDSTREAM LLCCOM UNIT REP LTD1.96%$38M5.64M
18AMANTERO MIDSTREAM CORPhistory →COM1.94%$38M3.65M
19MAGELLAN MIDSTREAM PRTNRS LPCOM UNIT RP LP1.92%$38M826.6K
20PHILLIPS 66 PARTNERS LPCOM UNIT REP INT1.80%$35M983.9K
21CRESTWOOD EQUITY PARTNERS LPUNIT LTD PARTNER1.62%$32M1.12M
22ARCHAEA ENERGY INCCOM CL A1.56%$31M2.19M
23XIFRNEXTERA ENERGY PARTNERS LPhistory →COM UNIT PART IN1.19%$23M309.1K
24NUSTAR ENERGY LPUNIT COM1.03%$20M1.28M
25RATTLER MIDSTREAM LPCOM UNITS0.91%$18M1.52M
26MVSTMICROVAST HOLDINGS INChistory →COM0.84%$16M2.00M
27GELGENESIS ENERGY L Phistory →UNIT LTD PARTN0.81%$16M1.58M
28ENPHENPHASE ENERGY INChistory →COM0.73%$14M95.6K
29ENABLE MIDSTREAM PARTNERS LPCOM UNIT RP IN0.72%$14M1.72M
30TELLURIAN INC NEWCOM0.51%$10M2.56M
31STEMSTEM INCCOM0.43%$8M354.4K
32SEDGSOLAREDGE TECHNOLOGIES INCCOM0.40%$8M29.6K
33VOLTA INCCOM CL A · W0.34%$7M797.0K
34HESMHESS MIDSTREAM LPCL A SHS0.34%$7M232.8K
35SHELL MIDSTREAM PARTNERS L PUNIT LTD INT0.33%$7M555.0K
36ENVIVA PARTNERS LPCOM UNIT0.24%$5M86.2K
37ATLANTICA SUSTAINABLE INFR PSHS0.13%$3M76.3K
38VIPER ENERGY PARTNERS LPCOM UNT RP INT0.13%$3M115.7K
39KRPKIMBELL RTY PARTNERS LPUNIT0.12%$2M170.8K
40CWENCLEARWAY ENERGY INCCL C0.09%$2M57.9K
41FTCIFTC SOLAR INCCOM0.07%$1M164.3K
42BP MIDSTREAM PARTNERS LPUNIT LTD PTNR0.05%$1M77.7K
43HOLLY ENERGY PARTNERS L PCOM UT LTD PTN0.04%$870,00047.4K
44DECARBONIZATION PLUS ACQU IICOM CL A0.02%$396,00040.0K
45TPI COMPOSITES INCCOM0.02%$352,00010.4K
46BOWX ACQUISITION CORPCL A0.02%$300,00030.0K
47NORTHERN STAR INVSTMNT CORPCOM CLASS A0.02%$298,00030.0K
48RUNSUNRUN INCCOM0.01%$274,0006.2K
49GS ACQUISITION HLDGS CORP IICOM CL A0.01%$256,00025.0K
50MALACCA STRAITS ACQUISITIONCOM CL A0.01%$199,00020.0K
51FORESIGHT ACQUISITION CORPCL A0.01%$197,00020.0K
52KHOSLA VENTURES ACQUISITIONCL A0.01%$197,00020.0K
53GIGCAPITAL4 INCCOM0.01%$197,00020.0K
54KENSINGTON CAPITAL ACQUISITICOM CL A0.01%$189,00022.8K
55KHOSLA VENTURES ACQUSTN CO ICOM CL A0.01%$102,00010.0K
56ECP ENVIRONMENTAL GW OPT CORCOM CL A0.01%$99,00010.0K

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 ↗.