SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Salient Capital Advisors, LLC

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

Reported Value
$1.7B
Q3 2022
Positions
43
Filings on Record
17
2019–present window
Filed
Nov 10, 2022
original filing

Summary

Salient Capital Advisors, LLC reported $1.7B in U.S.-listed holdings across 43 positions for Q3 2022.

Its largest position, LNG, represents 12.2% of the portfolio.

Compared with Q2 2022, the fund opened 10 new positions and exited 49.

Portfolio Metrics

Turnover
+8.1%
vs prior filed quarter
Top-10 Concentration
+70.4%
share of reported value
Largest Position
+12.2%
Cheniere Energy
New / Exited
10 / 49
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: 62.8%MLP: 32.9%Unit: 2.4%Ltd Part: 1.9%
  • Common Stock · 62.8% · $1.1B
  • MLP · 32.9% · $573M
  • Unit · 2.4% · $41M
  • Ltd Part · 1.9% · $34M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RUNSUNRUN INCNEW+210.8K210.8K+$6M$6M
PLUGPLUG POWER INCNEW+260.0K260.0K+$5M$5M
FSLRFIRST SOLAR INCNEW+14.5K14.5K+$2M$2M
BEBLOOM ENERGY CORPNEW+48.2K48.2K+$963,000$963,000
HOLLY ENERGY PARTNERS L PNEW+35.5K35.5K+$583,000$583,000
NEENEXTERA ENERGY INCNEW+5.3K5.3K+$416,000$416,000
USACUSA COMPRESSION PARTNERS LPNEW+20.2K20.2K+$351,000$351,000
SUNSUNOCO LP SUNOCO FIN CORPNEW+6.0K6.0K+$235,000$235,000

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

Holdings — Q3 2022

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LNGCHENIERE ENERGY INChistory →COM NEW12.18%$212M1.28M
2ETENERGY TRANSFER L Phistory →COM UT LTD PTN10.82%$188M17.07M
3TRGPTARGA RES CORPhistory →COM9.54%$166M2.75M
4EPDENTERPRISE PRODS PARTNERS Lhistory →COM7.63%$133M5.58M
5KMIKINDER MORGAN INC DELhistory →COM6.55%$114M6.85M
6WMBWILLIAMS COS INChistory →COM5.95%$104M3.62M
7PBAPEMBINA PIPELINE CORPhistory →COM5.67%$99M3.22M
8OKEONEOK INC NEWhistory →COM4.72%$82M1.60M
9ENBENBRIDGE INChistory →COM3.72%$65M1.72M
10MPLXMPLX LPhistory →COM UNIT REP LTD3.56%$62M2.06M
11EQUITRANS MIDSTREAM CORPCOM3.44%$60M7.99M
12TRPTC ENERGY CORPhistory →COM2.97%$52M1.26M
13WESWESTERN MIDSTREAM PARTNERS Lhistory →COM UNIT LP INT2.93%$51M2.03M
14ENLINK MIDSTREAM LLCCOM UNIT REP LTD2.36%$41M4.63M
15CRESTWOOD EQUITY PARTNERS LPUNIT LTD PARTNER2.35%$41M1.47M
16MAGELLAN MIDSTREAM PRTNRS LPCOM UNIT RP LP2.28%$40M836.6K
17PAAPLAINS ALL AMERN PIPELINE Lhistory →UNIT LTD PARTN2.01%$35M3.33M
18PAGPPLAINS GP HLDGS L Phistory →LTD PARTNR INT A1.95%$34M3.11M
19AMANTERO MIDSTREAM CORPhistory →COM1.91%$33M3.62M
20ARCHAEA ENERGY INCCOM CL A1.74%$30M1.68M
21DTMDT MIDSTREAM INChistory →COMMON STOCK1.20%$21M402.6K
22HESMHESS MIDSTREAM LPhistory →CL A SHS0.74%$13M507.1K
23TELLURIAN INC NEWCOM0.65%$11M4.70M
24DCP MIDSTREAM LPCOM UT LTD PTN0.60%$10M278.7K
25GELGENESIS ENERGY L Phistory →UNIT LTD PARTN0.59%$10M1.12M
26EEEXCELERATE ENERGY INCCL A COM0.42%$7M313.4K
27SEDGSOLAREDGE TECHNOLOGIES INCCOM0.37%$6M28.1K
28RUNSUNRUN INCCOM0.33%$6M210.8K
29PLUGPLUG POWER INCCOM NEW0.31%$5M260.0K
30FSLRFIRST SOLAR INCCOM0.11%$2M14.5K
31ARRYARRAY TECHNOLOGIES INCCOM SHS0.08%$1M88.8K
32BEBLOOM ENERGY CORPCOM CL A0.06%$963,00048.2K
33XIFRNEXTERA ENERGY PARTNERS LPCOM UNIT PART IN0.04%$758,00010.5K
34HOLLY ENERGY PARTNERS L PCOM UT LTD PTN0.03%$583,00035.5K
35NUSTAR ENERGY LPUNIT COM0.03%$466,00034.5K
36NEENEXTERA ENERGY INCCOM0.02%$416,0005.3K
37MMLPMARTIN MIDSTREAM PRTNRS L PUNIT L P INT0.02%$383,000112.6K
38USACUSA COMPRESSION PARTNERS LPCOMUNIT LTDPAR0.02%$351,00020.2K
39CQPCHENIERE ENERGY PARTNERS LPCOM UNIT0.02%$335,0006.3K
40SUNSUNOCO LP SUNOCO FIN CORPCOM UT REP LP0.01%$235,0006.0K
41LITHIUM AMERS CORP NEWCOM NEW0.01%$212,0008.1K
42AESAES CORPCOM0.01%$203,0009.0K
43NEXTNEXTDECADE CORPCOM0.01%$143,00023.7K

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 ↗.