CIK: 0001714472
Total reported value
$512.7M
Reporting period: 2018-09-30 · Number of holdings: 108
Salient Private Client, LLC disclosed 108 holdings in its latest 13F filing for the period ending 2018-09-30, with total reported value of $512.7M and a quarterly turnover rate of 25.3%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "S"
Salient Private Client, LLC's disclosed holdings carry a Herfindahl concentration index of 0.034 — mathematically equivalent to about 29 equally-sized positions, well below its 108 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.65), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 41% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add ET
-11.4% $1.6M
Add XOM
+1.1% $1.7M
Trim EPD
-48.2% -$9.1M
Add TRGP
-9.9% $976.0K
Trim ET
-68.0% -$7.7M
Add SPY
-3.7% $969.0K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ET | Energy Transfer LP | Stock-Energy | 8.88% | +1.48% | -11.39% | |
| 2 | XOM | Exxon Mobil CORP | Stock-Energy | 8.61% | +1.46% | +1.08% | |
| 3 | TRGP | Targa Resources CORP | Stock-Energy | 7.87% | +1.25% | -9.93% | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 6.00% | +0.98% | -3.65% | |
| 5 | AAPL | Apple INC | Stock-Tech | 3.10% | +0.85% | -2.48% | |
| 6 | PEP | Pepsico INC | Stock-Consumer Staples | 2.42% | — | -1.01% | |
| 7 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.29% | +0.54% | -1.09% | |
| 8 | LMT | Lockheed Martin CORP | Stock-Industrials | 2.24% | +0.55% | -2.11% | |
| 9 | WTTR | Select Water Solutions INC | Stock-Other | 2.13% | -0.13% | — | |
| 10 | EPD | Enterprise Products Partners | Stock-Energy | 2.06% | -1.25% | -48.23% | |
| 11 | TJX | Tjx Companies INC | Stock-Consumer Disc | 1.98% | +0.50% | -1.96% | |
| 12 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.94% | +0.37% | -0.58% | |
| 13 | EFA | Ishares Msci Eafe ETF | ETF-Other | 1.87% | +0.03% | -13.75% | |
| 14 | T | At&t INC | Stock-Comm Services | 1.86% | — | -1.12% | |
| 15 | MA | Mastercard INC - A | Stock-Financials | 1.67% | +0.37% | -2.35% | |
| 16 | ADP | Automatic Data Processing | Stock-Tech | 1.65% | +0.38% | -0.62% | |
| 17 | INTC | Intel CORP | Stock-Tech | 1.36% | — | -1.21% | |
| 18 | MMM | 3m Co | Stock-Industrials | 1.35% | — | -0.84% | |
| 19 | GIS | General Mills INC | Stock-Consumer Staples | 1.34% | — | -2.97% | |
| 20 | ACN | Accenture plc | Stock-Tech | 1.34% | — | -1.59% | |
| 21 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 1.32% | — | -0.90% | |
| 22 | UPS | United Parcel Service-cl B | Stock-Industrials | 1.27% | +0.26% | -1.07% | |
| 23 | LYB | LyondellBasell Industries N.V. | Stock-Materials | 1.19% | +0.07% | -1.99% | |
| 24 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.18% | +0.33% | +11.88% | |
| 25 | IBM | Intl Business Machines CORP | Stock-Tech | 1.15% | — | -1.19% | |
| 26 | PM | Philip Morris International | Stock-Consumer Staples | 1.15% | — | +0.29% | |
| 27 | WES | Western Midstream Partners, LP | Stock-Energy | 1.14% | -0.60% | -32.52% | |
| 28 | MSFT | Microsoft CORP | Stock-Tech | 1.12% | +0.32% | +4.50% | |
| 29 | COF | Capital One Financial CORP | Stock-Financials | 1.06% | — | -2.26% | |
| 30 | EMR | Emerson Electric Co | Stock-Industrials | 1.04% | — | -1.94% | |
| 31 | HD | Home Depot INC | Stock-Consumer Disc | 1.04% | — | -0.87% | |
| 32 | KO | Coca-cola Co/the | Stock-Consumer Staples | 1.01% | — | +0.11% | |
| 33 | GILD | Gilead Sciences INC | Stock-Healthcare | 0.95% | — | -1.14% | |
| 34 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.93% | — | -1.60% | |
| 35 | MINT | Pimco Enhanced Short Maturit | ETF-Other | 0.90% | +0.47% | +79.58% | |
| 36 | TXN | Texas Instruments INC | Stock-Tech | 0.84% | — | -0.82% | |
| 37 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.82% | — | +0.27% | |
| 38 | MO | Altria Group INC | Stock-Consumer Staples | 0.78% | — | -0.04% | |
| 39 | ANDX | Andeavor Logistics LP | Stock-Other | 0.74% | — | -21.94% | |
| 40 | WEP | Magellan Midstream Partners | Stock-Other | 0.73% | -0.48% | -46.94% | |
| 41 | WES | Western Midstream Partners, LP | Stock-Energy | 0.73% | -0.05% | -11.45% | |
| 42 | ET | Energy Transfer LP | Stock-Energy | 0.72% | -1.19% | -68.04% | |
| 43 | ✓ | Wildhorse Resource Developme | Stock-Other | 0.68% | — | — | |
| 44 | PRF | Invesco Rafi US 1000 ETF | ETF-Other | 0.65% | — | -7.11% | |
| 45 | EQMUSD | Eqm Midstream Partners LP | Stock-Other | 0.63% | +0.33% | +78.79% | |
| 46 | WMT | Walmart INC | Stock-Consumer Staples | 0.59% | — | — | |
| 47 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.59% | +0.19% | — | |
| 48 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.58% | — | -1.30% | |
| 49 | MPLX | Mplx LP | Stock-Energy | 0.58% | -0.87% | -65.97% | |
| 50 | UGI | Ugi CORP | Stock-Utilities | 0.58% | — | +9.91% |
Not enough priced holdings yet to compute performance
Salient Private Client, LLC's most significant position changes for 2018-09-30: Sold out: Phillips 66 Partners LP (PSXPUSD); Sold out: Rice Acquisition Corporation 3 (KRSP); Sold out: Williams Partners LP; Sold out: Noble Midstream Partners LP (NBLXUSD); Sold out: Antero Midstream Corporation (AM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ET | Energy Transfer LP | +1.5% | -11.39% | Trim |
| 2 | XOM | Exxon Mobil CORP | +1.5% | +1.08% | Add |
| 3 | TRGP | Targa Resources CORP | +1.3% | -9.93% | Trim |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1% | -3.65% | Trim |
| 5 | AAPL | Apple INC | +0.9% | -2.48% | Trim |
| 6 | LMT | Lockheed Martin CORP | +0.6% | -2.11% | Trim |
| 7 | JNJ | Johnson & Johnson | +0.5% | -1.09% | Trim |
| 8 | TJX | Tjx Companies INC | +0.5% | -1.96% | Trim |
| 9 | MINT | Pimco Enhanced Short Maturit | +0.5% | +79.58% | Add |
| 10 | ADP | Automatic Data Processing | +0.4% | -0.62% | Trim |
| 11 | MA | Mastercard INC - A | +0.4% | -2.35% | Trim |
| 12 | MCD | Mcdonald's CORP | +0.4% | -0.58% | Trim |
| 13 | EQMUSD | Eqm Midstream Partners LP | +0.3% | +78.79% | Add |
| 14 | IVV | Ishares Core S&p 500 ETF | +0.3% | +11.88% | Add |
| 15 | MSFT | Microsoft CORP | +0.3% | +4.50% | Add |
| 16 | UPS | United Parcel Service-cl B | +0.3% | -1.07% | Trim |
| 17 | LLY | Eli Lilly & Co | +0.2% | — | Unchanged |
| 18 | LYB | LyondellBasell Industries N.V. | +0.1% | -1.99% | Trim |
| 19 | EFA | Ishares Msci Eafe ETF | 0% | -13.75% | Trim |
| 20 | WES | Western Midstream Partners, LP | -0.1% | -11.45% | Trim |
| 21 | ENB | Enbridge INC | -0.1% | -35.95% | Trim |
| 22 | KMI | Kinder Morgan INC | -0.1% | -49.15% | Trim |
| 23 | NGL | Ngl Energy Partners LP | -0.1% | -66.30% | Trim |
| 24 | WTTR | Select Water Solutions INC | -0.1% | — | Unchanged |
| 25 | PAGP | Plains Gp Holdings Lp-cl A | -0.2% | -53.95% | Trim |
| 26 | WEP | Magellan Midstream Partners | -0.5% | -46.94% | Trim |
| 27 | ✓ | -0.5% | -93.40% | Trim | |
| 28 | TEGPUSD | Tallgrass Energy LP | -0.5% | -72.95% | Trim |
| 29 | OKE | Oneok INC | -0.6% | -82.08% | Trim |
| 30 | WES | Western Midstream Partners, LP | -0.6% | -32.52% | Trim |
| 31 | WMB | Williams Cos INC | -0.8% | -78.90% | Trim |
| 32 | MPLX | Mplx LP | -0.9% | -65.97% | Trim |
| 33 | GEL | Genesis Energy L.p. | -0.9% | -95.41% | Trim |
| 34 | PAA | Plains All Amer Pipeline LP | -0.9% | -88.33% | Trim |
| 35 | SHLXUSD | Shell Midstream Partners LP | -1% | -90.78% | Trim |
| 36 | ET | Energy Transfer LP | -1.2% | -68.04% | Trim |
| 37 | EPD | Enterprise Products Partners | -1.3% | -48.23% | Trim |
| 38 | PSXPUSD | Phillips 66 Partners LP | — | EXIT | Sold out |
| 39 | KRSP | Rice Acquisition Corporation 3 | — | EXIT | Sold out |
| 40 | ✓ | Williams Partners LP | — | EXIT | Sold out |
| 41 | NBLXUSD | Noble Midstream Partners LP | — | EXIT | Sold out |
| 42 | AM | Antero Midstream Corporation | — | EXIT | Sold out |
| 43 | ✓ | Tallgrass Energy Partners, LP | — | EXIT | Sold out |
| 44 | ✓ | Bp Midstream Par | — | EXIT | Sold out |
| 45 | LNG | Cheniere Energy INC | — | EXIT | Sold out |
| 46 | PBA | Pembina Pipeline CORP | — | EXIT | Sold out |
| 47 | NKE | Nike INC -cl B | — | NEW | New buy |
| 48 | 0E41 | Enlink Midstream LLC | — | EXIT | Sold out |
| 49 | VLO | Valero Energy Corporation | — | EXIT | Sold out |
| 50 | TCPA | TransCanada PipeLines Limited 6 | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-01 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-02 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-06 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0001764970
Total reported value
$512.8M
452 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001802376
Total reported value
$512.9M
158 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0002006517
Total reported value
$513.1M
273 stks
2026-03-31
AUM within 0.1% of this institution
Institutions with overlapping top holdings
CIK 0001335977
Total reported value
$11.0M
505 stks
2016-03-31
Stale — no recent filing
3 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us
CIK 0001965191
Total reported value
$19.5M
251 stks
2026-03-31
3 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us
CIK 0002004818
Total reported value
$648.5M
347 stks
2026-03-31
3 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us