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Salient Private Client, LLC

Diversified strategyMomentum followerQuality / disciplined sizing

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%.

Personality snowflake

Concentration
13.66
Portfolio Stability
25.26
Momentum/Contrarian
100
Sector conviction
44.51
Diversification
100
Sizing Uniformity
83.53

Recent moves

  • 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

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1ETEnergy Transfer LPStock-Energy8.88%+1.48%-11.39%
2XOMExxon Mobil CORPStock-Energy8.61%+1.46%+1.08%
3TRGPTarga Resources CORPStock-Energy7.87%+1.25%-9.93%
4SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth6.00%+0.98%-3.65%
5AAPLApple INCStock-Tech3.10%+0.85%-2.48%
6PEPPepsico INCStock-Consumer Staples2.42%—-1.01%
7JNJJohnson & JohnsonStock-Healthcare2.29%+0.54%-1.09%
8LMTLockheed Martin CORPStock-Industrials2.24%+0.55%-2.11%
9WTTRSelect Water Solutions INCStock-Other2.13%-0.13%—
10EPDEnterprise Products PartnersStock-Energy2.06%-1.25%-48.23%
11TJXTjx Companies INCStock-Consumer Disc1.98%+0.50%-1.96%
12MCDMcdonald's CORPStock-Consumer Disc1.94%+0.37%-0.58%
13EFAIshares Msci Eafe ETFETF-Other1.87%+0.03%-13.75%
14TAt&t INCStock-Comm Services1.86%—-1.12%
15MAMastercard INC - AStock-Financials1.67%+0.37%-2.35%
16ADPAutomatic Data ProcessingStock-Tech1.65%+0.38%-0.62%
17INTCIntel CORPStock-Tech1.36%—-1.21%
18MMM3m CoStock-Industrials1.35%—-0.84%
19GISGeneral Mills INCStock-Consumer Staples1.34%—-2.97%
20ACNAccenture plcStock-Tech1.34%—-1.59%
21CLColgate-palmolive CoStock-Consumer Staples1.32%—-0.90%
22UPSUnited Parcel Service-cl BStock-Industrials1.27%+0.26%-1.07%
23LYBLyondellBasell Industries N.V.Stock-Materials1.19%+0.07%-1.99%
24IVVIshares Core S&p 500 ETFETF-Large Cap & Growth1.18%+0.33%+11.88%
25IBMIntl Business Machines CORPStock-Tech1.15%—-1.19%
26PMPhilip Morris InternationalStock-Consumer Staples1.15%—+0.29%
27WESWestern Midstream Partners, LPStock-Energy1.14%-0.60%-32.52%
28MSFTMicrosoft CORPStock-Tech1.12%+0.32%+4.50%
29COFCapital One Financial CORPStock-Financials1.06%—-2.26%
30EMREmerson Electric CoStock-Industrials1.04%—-1.94%
31HDHome Depot INCStock-Consumer Disc1.04%—-0.87%
32KOCoca-cola Co/theStock-Consumer Staples1.01%—+0.11%
33GILDGilead Sciences INCStock-Healthcare0.95%—-1.14%
34JPMJpmorgan Chase & CoStock-Financials0.93%—-1.60%
35MINTPimco Enhanced Short MaturitETF-Other0.90%+0.47%+79.58%
36TXNTexas Instruments INCStock-Tech0.84%—-0.82%
37PGProcter & Gamble Co/theStock-Consumer Staples0.82%—+0.27%
38MOAltria Group INCStock-Consumer Staples0.78%—-0.04%
39ANDXAndeavor Logistics LPStock-Other0.74%—-21.94%
40WEPMagellan Midstream PartnersStock-Other0.73%-0.48%-46.94%
41WESWestern Midstream Partners, LPStock-Energy0.73%-0.05%-11.45%
42ETEnergy Transfer LPStock-Energy0.72%-1.19%-68.04%
43✓ Wildhorse Resource DevelopmeStock-Other0.68%——
44PRFInvesco Rafi US 1000 ETFETF-Other0.65%—-7.11%
45EQMUSDEqm Midstream Partners LPStock-Other0.63%+0.33%+78.79%
46WMTWalmart INCStock-Consumer Staples0.59%——
47LLYEli Lilly & CoStock-Healthcare0.59%+0.19%—
48DISWalt Disney Co/theStock-Comm Services0.58%—-1.30%
49MPLXMplx LPStock-Energy0.58%-0.87%-65.97%
50UGIUgi CORPStock-Utilities0.58%—+9.91%
1–50 of 108

Holding changes this quarter

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).

Position changes disclosed by Salient Private Client, LLC for the quarter ending 2018-09-30, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1ETEnergy Transfer LP+1.5%-11.39%Trim
2XOMExxon Mobil CORP+1.5%+1.08%Add
3TRGPTarga Resources CORP+1.3%-9.93%Trim
4SPYSs Spdr S&p 500 ETF Trust-us+1%-3.65%Trim
5AAPLApple INC+0.9%-2.48%Trim
6LMTLockheed Martin CORP+0.6%-2.11%Trim
7JNJJohnson & Johnson+0.5%-1.09%Trim
8TJXTjx Companies INC+0.5%-1.96%Trim
9MINTPimco Enhanced Short Maturit+0.5%+79.58%Add
10ADPAutomatic Data Processing+0.4%-0.62%Trim
11MAMastercard INC - A+0.4%-2.35%Trim
12MCDMcdonald's CORP+0.4%-0.58%Trim
13EQMUSDEqm Midstream Partners LP+0.3%+78.79%Add
14IVVIshares Core S&p 500 ETF+0.3%+11.88%Add
15MSFTMicrosoft CORP+0.3%+4.50%Add
16UPSUnited Parcel Service-cl B+0.3%-1.07%Trim
17LLYEli Lilly & Co+0.2%—Unchanged
18LYBLyondellBasell Industries N.V.+0.1%-1.99%Trim
19EFAIshares Msci Eafe ETF0%-13.75%Trim
20WESWestern Midstream Partners, LP-0.1%-11.45%Trim
21ENBEnbridge INC-0.1%-35.95%Trim
22KMIKinder Morgan INC-0.1%-49.15%Trim
23NGLNgl Energy Partners LP-0.1%-66.30%Trim
24WTTRSelect Water Solutions INC-0.1%—Unchanged
25PAGPPlains Gp Holdings Lp-cl A-0.2%-53.95%Trim
26WEPMagellan Midstream Partners-0.5%-46.94%Trim
27✓ -0.5%-93.40%Trim
28TEGPUSDTallgrass Energy LP-0.5%-72.95%Trim
29OKEOneok INC-0.6%-82.08%Trim
30WESWestern Midstream Partners, LP-0.6%-32.52%Trim
31WMBWilliams Cos INC-0.8%-78.90%Trim
32MPLXMplx LP-0.9%-65.97%Trim
33GELGenesis Energy L.p.-0.9%-95.41%Trim
34PAAPlains All Amer Pipeline LP-0.9%-88.33%Trim
35SHLXUSDShell Midstream Partners LP-1%-90.78%Trim
36ETEnergy Transfer LP-1.2%-68.04%Trim
37EPDEnterprise Products Partners-1.3%-48.23%Trim
38PSXPUSDPhillips 66 Partners LP—EXITSold out
39KRSPRice Acquisition Corporation 3—EXITSold out
40✓ Williams Partners LP—EXITSold out
41NBLXUSDNoble Midstream Partners LP—EXITSold out
42AMAntero Midstream Corporation—EXITSold out
43✓ Tallgrass Energy Partners, LP—EXITSold out
44✓ Bp Midstream Par—EXITSold out
45LNGCheniere Energy INC—EXITSold out
46PBAPembina Pipeline CORP—EXITSold out
47NKENike INC -cl B—NEWNew buy
480E41Enlink Midstream LLC—EXITSold out
49VLOValero Energy Corporation—EXITSold out
50TCPATransCanada PipeLines Limited 6—EXITSold out

FAQ

What is Salient Private Client, LLC and what type of investor is it?
Salient Private Client, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2018-09-30), the firm manages a tracked equity portfolio valued at approximately $512.7M, spread across 108 disclosed positions.
What are Salient Private Client, LLC's largest equity positions?
Based on the latest 13F filing, Salient Private Client, LLC's top holdings by market value are: 1. Energy Transfer LP (ET) — $45.5M (8.9%) 2. Exxon Mobil CORP (XOM) — $44.1M (8.6%) 3. Targa Resources CORP (TRGP) — $40.3M (7.9%) 4. Ss Spdr S&p 500 ETF Trust-us (SPY) — $30.8M (6.0%) 5. Apple INC (AAPL) — $15.9M (3.1%)
What changes did Salient Private Client, LLC make in its most recent portfolio filing?
In the latest reported quarter, Salient Private Client, LLC made 48 notable position adjustments: 1 new positions were initiated, 5 existing holdings were added to, 30 positions were partially reduced, and 12 were completely exited. The largest of these moves: 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)
What sectors does Salient Private Client, LLC focus on?
Salient Private Client, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Energy: 23.1% • Information Technology: 18.3% • Consumer Staples: 14.5% • Health Care: 11.6% • Financials: 8.9% • Industrials: 8.8%