Managers / Q1 2022 · view latest →
Salient Capital Advisors, LLC
CIK 0001510769 · 4265 SAN FELIPE, 8TH FLOOR, HOUSTON, TX, 77027 · 713-993-4675
Reported Value
$2.4B
Q1 2022
Positions
78
Filings on Record
18
2019–present window
Filed
May 11, 2022
original filing
Summary
Salient Capital Advisors, LLC reported $2.4B in U.S.-listed holdings across 78 positions for Q1 2022.
Its largest position, ET, represents 10.1% of the portfolio.
Compared with Q4 2021, the fund opened 24 new positions and exited 21.
Portfolio Metrics
Turnover
+7.9%
vs prior filed quarter
Top-10 Concentration
+68.1%
share of reported value
Largest Position
+10.1%
Energy Transfer L P
New / Exited
24 / 21
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 · 62.0% · $1.5B
- MLP · 32.8% · $775M
- Ltd Part · 2.5% · $59M
- Unit · 1.8% · $43M
- Other · 0.9% · $22M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| KNTKALTUS MIDSTREAM CO | NEW | +149.2K | 149.2K | +$10M | $10M |
| DTMDT MIDSTREAM INC | NEW | +62.1K | 62.1K | +$3M | $3M |
| CWENCLEARWAY ENERGY INC | NEW | +30.0K | 30.0K | +$1M | $1M |
| BIPCBROOKFIELD INFRAST PARTNERS | NEW | +15.1K | 15.1K | +$1M | $1M |
| SOCIAL CAPITAL HEDOSOPHA HLD | NEW | +80.0K | 80.0K | +$808,000 | $808,000 |
| CQPCHENIERE ENERGY PARTNERS LP | NEW | +9.2K | 9.2K | +$517,000 | $517,000 |
| KNIGHTSWAN ACQUISITION CORP | NEW | +50.0K | 50.0K | +$501,000 | $501,000 |
| PINE IS ACQUISITION CORP | NEW | +50.0K | 50.0K | +$492,000 | $492,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2022
77 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ETENERGY TRANSFER L Phistory → | COM UT LTD PTN | 10.07% | $238M | 21.28M |
| 2 | LNGCHENIERE ENERGY INChistory → | COM NEW | 9.62% | $227M | 1.64M |
| 3 | TRGPTARGA RES CORPhistory → | COM | 8.11% | $192M | 2.54M |
| 4 | ENBENBRIDGE INChistory → | COM | 6.49% | $153M | 3.30M |
| 5 | EPDENTERPRISE PRODS PARTNERS Lhistory → | COM | 6.14% | $145M | 5.62M |
| 6 | PBAPEMBINA PIPELINE CORPhistory → | COM | 6.04% | $143M | 3.76M |
| 7 | OKEONEOK INC NEWhistory → | COM | 5.79% | $137M | 1.94M |
| 8 | MPLXMPLX LPhistory → | COM UNIT REP LTD | 5.63% | $133M | 4.01M |
| 9 | WMBWILLIAMS COS INChistory → | COM | 5.56% | $131M | 3.93M |
| 10 | KMIKINDER MORGAN INC DELhistory → | COM | 4.63% | $110M | 5.79M |
| 11 | TRPTC ENERGY CORPhistory → | COM | 4.63% | $109M | 1.91M |
| 12 | ARCHAEA ENERGY INC | COM CL A | 3.63% | $86M | 3.92M |
| 13 | PAAPLAINS ALL AMERN PIPELINE Lhistory → | UNIT LTD PARTN | 2.41% | $57M | 5.30M |
| 14 | WESWESTERN MIDSTREAM PARTNERS Lhistory → | COM UNIT LP INT | 2.28% | $54M | 2.14M |
| 15 | PAGPPLAINS GP HLDGS L Phistory → | LTD PARTNR INT A | 2.06% | $49M | 4.21M |
| 16 | MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 2.05% | $49M | 988.7K |
| 17 | AMANTERO MIDSTREAM CORPhistory → | COM | 1.87% | $44M | 4.06M |
| 18 | ENLINK MIDSTREAM LLC | COM UNIT REP LTD | 1.83% | $43M | 4.48M |
| 19 | EQUITRANS MIDSTREAM CORP | COM | 1.72% | $41M | 4.80M |
| 20 | DCP MIDSTREAM LP | COM UT LTD PTN | 1.54% | $36M | 1.08M |
| 21 | HESMHESS MIDSTREAM LPhistory → | CL A SHS | 1.43% | $34M | 1.13M |
| 22 | CRESTWOOD EQUITY PARTNERS LP | UNIT LTD PARTNER | 1.34% | $32M | 1.06M |
| 23 | TELLURIAN INC NEW | COM | 0.58% | $14M | 2.57M |
| 24 | MVSTMICROVAST HOLDINGS INChistory → | COM | 0.57% | $13M | 2.00M |
| 25 | GELGENESIS ENERGY L Phistory → | UNIT LTD PARTN | 0.55% | $13M | 1.11M |
| 26 | ENPHENPHASE ENERGY INChistory → | COM | 0.51% | $12M | 59.4K |
| 27 | RATTLER MIDSTREAM LP | COM UNITS | 0.43% | $10M | 726.3K |
| 28 | KNTKALTUS MIDSTREAM CO | COM NEW CL A | 0.41% | $10M | 149.2K |
| 29 | NUSTAR ENERGY LP | UNIT COM | 0.38% | $9M | 622.7K |
| 30 | SHELL MIDSTREAM PARTNERS L P | UNIT LTD INT | 0.35% | $8M | 576.3K |
| 31 | HELIOGEN INC | COMMON STOCK | 0.27% | $6M | 1.20M |
| 32 | DTMDT MIDSTREAM INC | COMMON STOCK | 0.14% | $3M | 62.1K |
| 33 | XIFRNEXTERA ENERGY PARTNERS LP | COM UNIT PART IN | 0.13% | $3M | 37.4K |
| 34 | SEDGSOLAREDGE TECHNOLOGIES INC | COM | 0.06% | $1M | 4.6K |
| 35 | ATLANTICA SUSTAINABLE INFR P | SHS | 0.06% | $1M | 39.1K |
| 36 | CWENCLEARWAY ENERGY INC | CL C | 0.05% | $1M | 30.0K |
| 37 | SOCIAL CAPITAL HEDOSOPHA HLD | SHS CL A | 0.04% | $1M | 105.0K |
| 38 | BIPCBROOKFIELD INFRAST PARTNERS | LP INT UNIT | 0.04% | $1M | 15.1K |
| 39 | DPCM CAP INC | COM CL A | 0.03% | $769,000 | 77.8K |
| 40 | SILVER CREST ACQUISITION COR | CL A SHS | 0.03% | $688,000 | 70.0K |
| 41 | NORTHERN STAR INVSTMNT CORP | COM CLASS A | 0.03% | $685,000 | 70.0K |
| 42 | MDH ACQUISITION CORP | COM CL A | 0.03% | $684,000 | 70.0K |
| 43 | VELOCITY ACQUISITION CORP | COM CL A | 0.03% | $683,000 | 70.0K |
| 44 | VPC IMPACT ACQUISITION HLDG | CLASS A ORD | 0.03% | $665,000 | 68.0K |
| 45 | FAR PEAK ACQUISITION CORP | SHS CL A | 0.03% | $645,000 | 64.9K |
| 46 | CQPCHENIERE ENERGY PARTNERS LP | COM UNIT | 0.02% | $517,000 | 9.2K |
| 47 | KNIGHTSWAN ACQUISITION CORP | UNIT | 0.02% | $501,000 | 50.0K |
| 48 | FTAC EMERALD ACQUISITION COR | UNIT | 0.02% | $500,000 | 50.0K |
| 49 | BRIDGETOWN HOLDINGS LTD | COM CL A | 0.02% | $493,000 | 50.0K |
| 50 | PINE IS ACQUISITION CORP | CL A | 0.02% | $492,000 | 50.0K |
| 51 | ARTISAN ACQUISITION CORP | CLASS A ORD SHS | 0.02% | $461,000 | 46.7K |
| 52 | CHURCHILL CAPITAL CORP V | COM CL A | 0.02% | $393,000 | 40.0K |
| 53 | VICKERS VANTAGE CORP I | SHS | 0.02% | $356,000 | 35.0K |
| 54 | COHN ROBBINS HOLDINGS CORP | COM CL A | 0.01% | $344,000 | 34.6K |
| 55 | PATHFINDER ACQUISITION CORP | CL A | 0.01% | $343,000 | 35.0K |
| 56 | BIOTECH ACQUISITION COMPANY | CL A SHS | 0.01% | $317,000 | 32.2K |
| 57 | MOTIVE CAPITAL CORP II | UNIT | 0.01% | $306,000 | 30.0K |
| 58 | OCA ACQUISITION CORP | COM CL A | 0.01% | $258,000 | 25.7K |
| 59 | RIBBIT LEAP LTD | SHS CL A | 0.01% | $257,000 | 26.0K |
| 60 | CASCADE ACQUISITION CORP | COM CL A | 0.01% | $252,000 | 25.0K |
| 61 | POWERUP ACQUISITION CORP | UNIT | 0.01% | $252,000 | 25.0K |
| 62 | NOCTURNE ACQUISITION CORP | ORDINARY SHARES | 0.01% | $252,000 | 25.0K |
| 63 | JAGUAR GLOBAL GROWTH CORP I | UNIT | 0.01% | $251,000 | 25.0K |
| 64 | HORIZON ACQUISITION CORPORAT | SHS CL A | 0.01% | $248,000 | 25.0K |
| 65 | BANYAN ACQUISITION CORPORATI | UNIT | 0.01% | $248,000 | 24.8K |
| 66 | ALTIMETER GROWTH CORP | COM CL A | 0.01% | $246,000 | 25.0K |
| 67 | INDUSTRIAL TECH ACQSTNS II I | UNIT | 0.01% | $240,000 | 23.9K |
| 68 | KINGSWOOD ACQUISITION CORP | COM CL A | 0.01% | $204,000 | 20.0K |
| 69 | TARGET GLOBAL ACQUISI I CORP | UNIT | 0.01% | $156,000 | 15.6K |
| 70 | BATTERY FUTURE ACQUISITION C | UNIT | 0.01% | $141,000 | 14.1K |
| 71 | KIMBELL TIGER ACQUISITION CO | UNIT | 0.01% | $135,000 | 13.4K |
| 72 | ZIMMER ENERGY TRANSITION ACQ | COM CL A | 0.01% | $131,000 | 13.5K |
| 73 | NEXTNEXTDECADE CORP | COM | 0.01% | $128,000 | 19.4K |
| 74 | CARTESIAN GROWTH CORP | CL A SHS | 0.00% | $115,000 | 11.7K |
| 75 | SOUND POINT ACQUISITION CORP | UNIT | 0.00% | $101,000 | 10.0K |
| 76 | SVF INVESTMENT CORP | CL A SHS | 0.00% | $98,000 | 10.0K |
| 77 | VOLTA INC | W EXP | 0.00% | $38,000 | 40.3K |
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 ↗ |
| Q4 2018 | $3.7B | 57 | Feb 13, 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 ↗.