Salient Capital Advisors, LLC

CIK

1510769

Location

HOUSTON, TX

Portfolio Value

Mid $1,502,229,031

Diversification

Diversified

Filing Date

Global Rank

#952 / 6,692 ▼ 16 · as of Sep 2022

Top Industry

Oil & Gas Midstream 98.4%

3Y Alpha vs SPY

+7.3%

Period ended 3 years ago

Filed Nov 10, 2022 · 3y

11 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+115.2%

SPY

+76.5%

Annualised alpha

+8.3%

Max drawdown

−17.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

33 positions · as of Sep 30, 2022 · Δ vs Jun 30, 2022

Top Position

14.1%

+1.4 pts

Top 5

54.1%

+2.0 pts

Top 10

81.4%

+0.3 pts

HHI

811

Diversified+33

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2022

Sector	% Portfolio	Value	Positions
Energy	98.4%	$1,478,729,813	24
Technology	1.0%	$15,695,588	4
Industrials	0.4%	$6,425,793	2
Utilities	0.1%	$1,377,837	3

Last Quarter's Activity

Export CSV

Sep 30, 2022 vs Jun 30, 2022

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
KMI	Kinder Morgan, Inc.	+1,764,086	6,853,399	$114,040,559
AM	Antero Midstream Corp	+969,844	3,615,234	$33,187,848
DTM	DT Midstream, Inc.	+299,082	402,589	$20,890,343
WMB	Williams Companies, Inc.	+255,071	3,617,942	$103,581,679
EE	Excelerate Energy, Inc.	+83,794	313,438	$7,334,449
MMLP	Martin Midstream Partners L.P.	+68,146	112,612	$382,880
ARRY	Array Technologies, Inc.	+59,585	88,789	$1,472,121
TRGP	Targa Resources Corp.	+51,969	2,751,338	$166,015,734
GEL	Genesis Energy LP	+47,221	1,115,963	$10,266,859
SEDG	Solaredge Technologies, Inc.	+19,935	28,055	$6,493,610
CQP	Cheniere Energy Partners, L.P.	+1,083	6,274	$334,780
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
PAGP	Plains Gp Holdings LP	−1,493,062	3,109,088	$33,920,150
ET	Energy Transfer LP	−1,423,549	17,072,316	$188,307,645
PAA	Plains All American Pipeline LP	−794,310	3,325,672	$34,986,069
ENB	Enbridge Inc	−612,611	1,715,273	$63,636,628
PBA	Pembina Pipeline Corp	−486,902	3,215,386	$97,651,272
MPLX	Mplx LP	−418,741	2,062,881	$61,907,058
EPD	Enterprise Products Partners L.P.	−407,591	5,583,004	$132,763,835
LNG	Cheniere Energy, Inc.	−229,932	1,277,874	$212,012,075
WES	Western Midstream Partners, LP	−209,037	2,026,840	$50,995,294
OKE	Oneok Inc /New/	−128,852	1,604,119	$82,195,057
HESM	Hess Midstream LP	−115,802	507,123	$12,941,778
TRP	Tc Energy Corp	−63,623	1,257,124	$50,649,525
XIFR	XPLR Infrastructure, LP	−27,036	10,483	$758,025
NEXT	NextDecade Corp	−11,099	23,711	$142,740
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
RUN	Sunrun Inc.	210,793	$5,815,778
PLUG	Plug Power Inc	259,996	$5,462,515
FSLR	First Solar, Inc.	14,471	$1,914,079
BE	Bloom Energy Corp	48,188	$963,278
NEE	Nextera Energy Inc	5,311	$416,435
USAC	USA Compression Partners, LP	20,161	$350,801
SUN	Sunoco LP	6,024	$234,755
AES	Aes Corp	8,999	$203,377
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
ENPH	Enphase Energy, Inc.	47,663	$9,305,724
KNTK	Kinetik Holdings Inc.	231,508	$7,903,683
MVST	Microvast Holdings, Inc.	1,529,800	$3,396,156
SHLS	Shoals Technologies Group, Inc.	36,966	$609,199
SHEL	Shell plc	7,633	$399,129
VLO	Valero Energy Corp/Tx	3,661	$389,091
PSX	Phillips 66	4,693	$384,779
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

33 positions · $1,502,229,031 total · as of Sep 30, 2022

All sectors Energy Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LNG	Cheniere Energy, Inc. Energy	Reduced	1,277,874	-229,932	$212,012,075	+5.7%	14.11%
ET	Energy Transfer LP Energy	Reduced	17,072,316	-1,423,549	$188,307,645	+2.0%	12.54%
TRGP	Targa Resources Corp. Energy	Added	2,751,338	+51,969	$166,015,734	+3.1%	11.05%
EPD	Enterprise Products Partners L.P. Energy	Reduced	5,583,004	-407,591	$132,763,835	−9.1%	8.84%
KMI	Kinder Morgan, Inc. Energy	Added	6,853,399	+1,764,086	$114,040,559	+33.7%	7.59%
WMB	Williams Companies, Inc. Energy	Added	3,617,942	+255,071	$103,581,679	−1.3%	6.90%
PBA	Pembina Pipeline Corp Energy	Reduced	3,215,386	-486,902	$97,651,272	−25.4%	6.50%
OKE	Oneok Inc /New/ Energy	Reduced	1,604,119	-128,852	$82,195,057	−14.5%	5.47%
ENB	Enbridge Inc Energy	Reduced	1,715,273	-612,611	$63,636,628	−35.3%	4.24%
MPLX	Mplx LP Energy	Reduced	2,062,881	-418,741	$61,907,058	−14.4%	4.12%
WES	Western Midstream Partners, LP Energy	Reduced	2,026,840	-209,037	$50,995,294	−6.2%	3.39%
TRP	Tc Energy Corp Energy	Reduced	1,257,124	-63,623	$50,649,525	−26.0%	3.37%
PAA	Plains All American Pipeline LP Energy	Reduced	3,325,672	-794,310	$34,986,069	−13.5%	2.33%
PAGP	Plains Gp Holdings LP Energy	Reduced	3,109,088	-1,493,062	$33,920,150	−28.6%	2.26%
AM	Antero Midstream Corp Energy	Added	3,615,234	+969,844	$33,187,848	+38.6%	2.21%
DTM	DT Midstream, Inc. Energy	Added	402,589	+299,082	$20,890,343	+311.7%	1.39%
HESM	Hess Midstream LP Energy	Reduced	507,123	-115,802	$12,941,778	−25.8%	0.86%
GEL	Genesis Energy LP Energy	Added	1,115,963	+47,221	$10,266,859	+19.8%	0.68%
EE	Excelerate Energy, Inc. Energy	Added	313,438	+83,794	$7,334,449	+60.3%	0.49%
SEDG	Solaredge Technologies, Inc. Technology	Added	28,055	+19,935	$6,493,610	+192.2%	0.43%
RUN	Sunrun Inc. Technology	NEW	210,793	NEW	$5,815,778	NEW	0.39%
PLUG	Plug Power Inc Industrials	NEW	259,996	NEW	$5,462,515	NEW	0.36%
FSLR	First Solar, Inc. Technology	NEW	14,471	NEW	$1,914,079	NEW	0.13%
ARRY	Array Technologies, Inc. Technology	Added	88,789	+59,585	$1,472,121	+357.8%	0.10%
BE	Bloom Energy Corp Industrials	NEW	48,188	NEW	$963,278	NEW	0.06%
XIFR	XPLR Infrastructure, LP Utilities	Reduced	10,483	-27,036	$758,025	−72.8%	0.05%
NEE	Nextera Energy Inc Utilities	NEW	5,311	NEW	$416,435	NEW	0.03%
MMLP	Martin Midstream Partners L.P. Energy	Added	112,612	+68,146	$382,880	+116.3%	0.03%
USAC	USA Compression Partners, LP Energy	NEW	20,161	NEW	$350,801	NEW	0.02%
CQP	Cheniere Energy Partners, L.P. Energy	Added	6,274	+1,083	$334,780	+43.7%	0.02%
SUN	Sunoco LP Energy	NEW	6,024	NEW	$234,755	NEW	0.02%
AES	Aes Corp Utilities	NEW	8,999	NEW	$203,377	NEW	0.01%
NEXT	NextDecade Corp Energy	Reduced	23,711	-11,099	$142,740	−7.6%	0.01%