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SPC
Salient Private Client Portfolio holdings
AUM
$513M
1-Year Est. Return
10.97%
This Fund
S&P 500
This Quarter
Est. Return
+6.79%
1 Year Est. Return
+10.97%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$513M
AUM Growth
-$81.5M
(-14%)
Cap. Flow
-$114M
Cap. Flow
% of AUM
-22.27%
Top 10 Holdings %
Top 10 Hldgs %
45.6%
Holding
125
New
2
Increased
16
Reduced
71
Closed
17
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
|
+$2.04M |
| 2 |
EQM
EQM Midstream Partners, LP
EQM
|
+$1.47M |
| 3 |
Nike
NKE
|
+$958K |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$630K |
| 5 |
ExxonMobil
XOM
|
+$455K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enterprise Products Partners
EPD
|
+$9.9M |
| 2 |
Energy Transfer Partners
ET
|
+$7.96M |
| 3 |
MPLX
MPLX
|
+$5.96M |
| 4 |
Plains All American Pipeline
PAA
|
+$5.84M |
| 5 |
Genesis Energy
GEL
|
+$5.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 29.59% |
| 2 | Technology | 10.87% |
| 3 | Consumer Staples | 9.43% |
| 4 | Industrials | 6.28% |
| 5 | Consumer Discretionary | 5.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ETP
1
DELISTED
Energy Transfer Partners, L.P.
ETP
| $45.5M | 8.88% |
2,045,527
-263,038
| -11% | -$5.71M |
|
|
2
ExxonMobil
XOM
$615B
| $44.1M | 8.61% |
519,278
+5,567
| +1% | +$455K |
|
3
Targa Resources
TRGP
$60.6B
| $40.3M | 7.87% |
716,258
-78,996
| -10% | -$4.21M |
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $30.8M | 6% |
105,849
-4,013
| -4% | -$1.14M |
|
5
Apple
AAPL
$4.8T
| $15.9M | 3.1% |
281,288
-7,144
| -2% | -$372K |
|
6
PepsiCo
PEP
$185B
| $12.4M | 2.42% |
111,037
-1,137
| -1% | -$129K |
|
7
Johnson & Johnson
JNJ
$599B
| $11.7M | 2.29% |
84,971
-937
| -1% | -$125K |
|
8
Lockheed Martin
LMT
$117B
| $11.5M | 2.24% |
33,191
-715
| -2% | -$231K |
|
9
Select Water Solutions
WTTR
$2.54B
| $10.9M | 2.13% |
923,531
| – | – |
|
|
10
Enterprise Products Partners
EPD
$83.9B
| $10.6M | 2.06% |
367,807
-342,622
| -48% | -$9.9M |
|
11
TJX Companies
TJX
$172B
| $10.1M | 1.98% |
181,074
-3,620
| -2% | -$186K |
|
12
McDonald's
MCD
$190B
| $9.93M | 1.94% |
59,365
-345
| -0.6% | -$55.3K |
|
13
iShares MSCI EAFE ETF
EFA
$75.8B
| $9.6M | 1.87% |
141,162
-22,498
| -14% | -$1.52M |
|
14
AT&T
T
$153B
| $9.55M | 1.86% |
376,411
-4,268
| -1% | -$105K |
|
15
Mastercard
MA
$484B
| $8.55M | 1.67% |
38,421
-926
| -2% | -$193K |
|
16
Automatic Data Processing
ADP
$102B
| $8.45M | 1.65% |
56,070
-348
| -0.6% | -$49.2K |
|
17
Intel
INTC
$488B
| $6.97M | 1.36% |
147,391
-1,811
| -1% | -$88.1K |
|
18
3M
MMM
$83B
| $6.92M | 1.35% |
39,277
-332
| -0.8% | -$57.2K |
|
19
General Mills
GIS
$20.1B
| $6.85M | 1.34% |
159,637
-4,884
| -3% | -$221K |
|
20
Accenture
ACN
$88.6B
| $6.85M | 1.34% |
40,221
-650
| -2% | -$108K |
|
21
Colgate-Palmolive
CL
$73.6B
| $6.79M | 1.32% |
101,398
-918
| -0.9% | -$61.1K |
|
22
United Parcel Service
UPS
$96.2B
| $6.53M | 1.27% |
55,964
-603
| -1% | -$71K |
|
23
LyondellBasell Industries
LYB
$19.6B
| $6.1M | 1.19% |
59,468
-1,208
| -2% | -$132K |
|
|
24
iShares Core S&P 500 ETF
IVV
$879B
| $6.05M | 1.18% |
20,685
+2,197
| +12% | +$630K |
|
25
IBM
IBM
$200B
| $5.91M | 1.15% |
40,867
-491
| -1% | -$68.6K |
|
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Salient Private Client's Q3 2018 Portfolio in Review
As of Q3 2018, Salient Private Client held 125 positions worth $513M, down 14% from $594M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Salient Private Client withdrew a net $114M in Q3 2018, closing 17 positions and reducing 71 holdings. Its most notable exit was PHILLIPS 66 PARTNERS LP, an estimated $5.31M position sold in full.
By sector, the portfolio is most concentrated in Energy at 30% of assets, down from 40% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Salient Private Client opened a new position in Nike worth $1.01M.
- Salient Private Client's largest Q3 2018 buy was Nike: 11,930 shares worth $1.01M.
- Salient Private Client added most to PIMCO Enhanced Short Maturity Active Exchange-Traded Fund in Q3 2018, an estimated $2.04M increase.
- Salient Private Client's biggest Q3 2018 reduction was Enterprise Products Partners, cutting an estimated $9.9M.
- Salient Private Client fully exited PHILLIPS 66 PARTNERS LP in Q3 2018, selling an estimated $5.31M.
- Salient Private Client's ten largest holdings make up 46% of its $513M portfolio in Q3 2018.
- Salient Private Client opened 2 new positions and closed 17 in Q3 2018.
- Salient Private Client's portfolio value fell 14% quarter-over-quarter to $513M.
Based on Salient Private Client's 13F filing for Q3 2018, filed 14 Nov 2018.