Managers / Q4 2021 · view latest →
Salient Capital Advisors, LLC
CIK 0001510769 · 4265 SAN FELIPE, 8TH FLOOR, HOUSTON, TX, 77027 · 713-993-4675
Reported Value
$2.0B
Q4 2021
Positions
75
Filings on Record
17
2019–present window
Filed
Feb 3, 2022
original filing
Summary
Salient Capital Advisors, LLC reported $2.0B in U.S.-listed holdings across 75 positions for Q4 2021.
Its largest position, ET, represents 9.6% of the portfolio.
Compared with Q3 2021, the fund opened 36 new positions and exited 18.
Portfolio Metrics
Turnover
+12.3%
vs prior filed quarter
Top-10 Concentration
+63.2%
share of reported value
Largest Position
+9.6%
Energy Transfer L P
New / Exited
36 / 18
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
Portfolio Composition
By security type
- Common Stock · 58.4% · $1.2B
- MLP · 34.0% · $673M
- Ltd Part · 3.2% · $64M
- Unit · 2.5% · $50M
- Other · 1.9% · $37M
- ETP · 0.0% · $957,000
Quarter-over-Quarter Changes full breakdown →
vs Q3 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| HELIOGEN INC | NEW | +1.23M | 1.23M | +$19M | $19M |
| NOVAQSUNNOVA ENERGY INTL INC. | NEW | +167.0K | 167.0K | +$5M | $5M |
| PLUGPLUG POWER INC | NEW | +114.1K | 114.1K | +$3M | $3M |
| SHLSSHOALS TECHNOLOGIES GROUP IN | NEW | +71.3K | 71.3K | +$2M | $2M |
| MAXEON SOLAR TECHNOLOGIES LT | NEW | +65.4K | 65.4K | +$909,000 | $909,000 |
| SILVER CREST ACQUISITION COR | NEW | +70.0K | 70.0K | +$687,000 | $687,000 |
| MDH ACQUISITION CORP | NEW | +70.0K | 70.0K | +$686,000 | $686,000 |
| ASTREA ACQUISITION CORP | NEW | +69.0K | 69.0K | +$682,000 | $682,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2021
74 positions (from 75 filing rows — )
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ETENERGY TRANSFER L Phistory → | COM UT LTD PTN | 9.60% | $190M | 23.10M |
| 2 | LNGCHENIERE ENERGY INChistory → | COM NEW | 8.95% | $177M | 1.75M |
| 3 | TRGPTARGA RES CORPhistory → | COM | 7.55% | $150M | 2.86M |
| 4 | MPLXMPLX LPhistory → | COM UNIT REP LTD | 6.97% | $138M | 4.67M |
| 5 | OKEONEOK INC NEWhistory → | COM | 6.69% | $133M | 2.26M |
| 6 | WMBWILLIAMS COS INChistory → | COM | 5.35% | $106M | 4.07M |
| 7 | ENBENBRIDGE INChistory → | COM | 5.03% | $100M | 2.53M |
| 8 | EQUITRANS MIDSTREAM CORP | COM | 4.65% | $92M | 8.91M |
| 9 | KMIKINDER MORGAN INC DELhistory → | COM | 4.26% | $84M | 5.32M |
| 10 | EPDENTERPRISE PRODS PARTNERS Lhistory → | COM | 4.12% | $82M | 3.71M |
| 11 | PBAPEMBINA PIPELINE CORPhistory → | COM | 3.35% | $66M | 2.16M |
| 12 | TRPTC ENERGY CORPhistory → | COM | 3.09% | $61M | 1.31M |
| 13 | WESWESTERN MIDSTREAM PARTNERS Lhistory → | COM UNIT LP INT | 3.06% | $61M | 2.72M |
| 14 | PAAPLAINS ALL AMERN PIPELINE Lhistory → | UNIT LTD PARTN | 2.71% | $54M | 5.74M |
| 15 | PAGPPLAINS GP HLDGS L Phistory → | LTD PARTNR INT A | 2.64% | $52M | 5.17M |
| 16 | ENLINK MIDSTREAM LLC | COM UNIT REP LTD | 2.54% | $50M | 7.30M |
| 17 | ARCHAEA ENERGY INC | COM CL A | 2.50% | $50M | 2.71M |
| 18 | DCP MIDSTREAM LP | COM UT LTD PTN | 2.29% | $45M | 1.65M |
| 19 | AMANTERO MIDSTREAM CORPhistory → | COM | 2.18% | $43M | 4.47M |
| 20 | CRESTWOOD EQUITY PARTNERS LP | UNIT LTD PARTNER | 1.97% | $39M | 1.42M |
| 21 | MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 1.95% | $39M | 831.6K |
| 22 | ENPHENPHASE ENERGY INChistory → | COM | 1.22% | $24M | 132.0K |
| 23 | HELIOGEN INC | COMMON STOCK | 0.96% | $19M | 1.23M |
| 24 | SEDGSOLAREDGE TECHNOLOGIES INChistory → | COM | 0.62% | $12M | 43.5K |
| 25 | NUSTAR ENERGY LP | UNIT COM | 0.58% | $11M | 718.7K |
| 26 | MVSTMICROVAST HOLDINGS INChistory → | COM | 0.57% | $11M | 2.00M |
| 27 | RATTLER MIDSTREAM LP | COM UNITS | 0.56% | $11M | 980.5K |
| 28 | XIFRNEXTERA ENERGY PARTNERS LPhistory → | COM UNIT PART IN | 0.56% | $11M | 130.8K |
| 29 | GELGENESIS ENERGY L Phistory → | UNIT LTD PARTN | 0.53% | $11M | 985.0K |
| 30 | TELLURIAN INC NEW | COM | 0.42% | $8M | 2.72M |
| 31 | STEMSTEM INC | COM | 0.39% | $8M | 405.6K |
| 32 | RUNSUNRUN INC | COM | 0.38% | $8M | 220.8K |
| 33 | NOVAQSUNNOVA ENERGY INTL INC. | COM | 0.24% | $5M | 167.0K |
| 34 | PLUGPLUG POWER INC | COM NEW | 0.16% | $3M | 114.1K |
| 35 | SHELL MIDSTREAM PARTNERS L P | UNIT LTD INT | 0.16% | $3M | 270.7K |
| 36 | HESMHESS MIDSTREAM LP | CL A SHS | 0.13% | $3M | 93.6K |
| 37 | VOLTA INC | COM CL A · W EXP | 0.12% | $2M | 359.0K |
| 38 | SHLSSHOALS TECHNOLOGIES GROUP IN | CL A | 0.09% | $2M | 71.3K |
| 39 | ATLANTICA SUSTAINABLE INFR P | SHS | 0.07% | $1M | 39.1K |
| 40 | MAXEON SOLAR TECHNOLOGIES LT | SHS | 0.05% | $909,000 | 65.4K |
| 41 | HOLLY ENERGY PARTNERS L P | COM UT LTD PTN | 0.04% | $697,000 | 42.3K |
| 42 | SILVER CREST ACQUISITION COR | CL A SHS | 0.03% | $687,000 | 70.0K |
| 43 | MDH ACQUISITION CORP | COM CL A | 0.03% | $686,000 | 70.0K |
| 44 | ASTREA ACQUISITION CORP | COM CL A | 0.03% | $682,000 | 69.0K |
| 45 | VELOCITY ACQUISITION CORP | COM CL A | 0.03% | $681,000 | 70.0K |
| 46 | NORTHERN STAR INVSTMNT CORP | COM CLASS A | 0.03% | $679,000 | 70.0K |
| 47 | VPC IMPACT ACQUISITION HLDG | CLASS A ORD | 0.03% | $668,000 | 68.0K |
| 48 | OASIS MIDSTREAM PARTNERS LP | COM UNITS REPS | 0.03% | $665,000 | 27.8K |
| 49 | FAR PEAK ACQUISITION CORP | SHS CL A | 0.03% | $654,000 | 65.0K |
| 50 | ECP ENVIRONMENTAL GW OPT COR | COM CL A | 0.03% | $641,000 | 65.0K |
| 51 | QUEENS GAMBIT GROWTH CAPITAL | CL A SHS | 0.03% | $627,000 | 63.3K |
| 52 | AMLPALPS ETF TR | ALERIAN MLP | 0.03% | $587,000 | 17.9K |
| 53 | ARTISAN ACQUISITION CORP | CLASS A ORD SHS | 0.03% | $549,000 | 55.4K |
| 54 | EVE MOBILITY ACQUISITION COR | UNIT | 0.03% | $501,000 | 50.0K |
| 55 | BATTERY FUTURE ACQUISITION C | UNIT | 0.03% | $500,000 | 50.0K |
| 56 | FTAC EMERALD ACQUISITION COR | UNIT | 0.03% | $499,000 | 50.0K |
| 57 | COHN ROBBINS HOLDINGS CORP | COM CL A | 0.02% | $492,000 | 50.0K |
| 58 | BRIDGETOWN HOLDINGS LTD | COM CL A | 0.02% | $491,000 | 50.0K |
| 59 | VY GLOBAL GROWTH | COM CL A | 0.02% | $471,000 | 48.0K |
| 60 | CHURCHILL CAPITAL CORP V | COM CL A | 0.02% | $394,000 | 40.0K |
| 61 | JPMORGAN CHASE CO | ALERIAN ML ETN | 0.02% | $370,000 | 20.7K |
| 62 | PATHFINDER ACQUISITION CORP | CL A | 0.02% | $340,000 | 35.0K |
| 63 | BIOTECH ACQUISITION COMPANY | CL A SHS | 0.02% | $317,000 | 32.2K |
| 64 | MOTIVE CAPITAL CORP II | UNIT | 0.02% | $299,000 | 30.0K |
| 65 | ALTIMETER GROWTH CORP | COM CL A | 0.01% | $247,000 | 25.0K |
| 66 | HORIZON ACQUISITION CORPORAT | SHS CL A | 0.01% | $246,000 | 25.0K |
| 67 | NGLNGL ENERGY PARTNERS LP | COM UNIT REPST | 0.01% | $231,000 | 127.0K |
| 68 | ROTH CH ACQUISITION III CO | COM | 0.01% | $222,000 | 22.3K |
| 69 | RCF ACQUISITION CORP | UNIT | 0.01% | $201,000 | 19.9K |
| 70 | FIRSTMARK HORIZON ACQUISITIO | CL A COM | 0.01% | $191,000 | 19.3K |
| 71 | WALLBOX NV | SHS CL A | 0.01% | $188,000 | 11.5K |
| 72 | DPCM CAP INC | COM CL A | 0.01% | $175,000 | 17.8K |
| 73 | TARGET GLOBAL ACQUISI I CORP | UNIT | 0.01% | $155,000 | 15.6K |
| 74 | CARTESIAN GROWTH CORP | CL A SHS | 0.01% | $116,000 | 11.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2022 | $0 | 1 | Jan 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $1.7B | 43 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $1.9B | 82 | Aug 2, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $2.4B | 78 | May 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $2.0B | 75 | Feb 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $2.0B | 57 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $2.4B | 58 | Aug 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $2.1B | 62 | May 6, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $1.8B | 77 | Feb 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $1.6B | 71 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $2.1B | 64 | Aug 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $1.6B | 59 | May 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $3.5B | 76 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $3.7B | 76 | Nov 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $4.1B | 83 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019REVEALED | $8.6B | 107 | May 9, 2019 | 13F-HR | changes · 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 ↗.