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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
-6.4%
1 Year Est. Return
+10.97%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$570M
AUM Growth
+$82.1M
(+17%)
Cap. Flow
+$122M
Cap. Flow
% of AUM
21.47%
Top 10 Holdings %
Top 10 Hldgs %
35.67%
Holding
132
New
30
Increased
54
Reduced
24
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enterprise Products Partners
EPD
|
+$12.3M |
| 2 |
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
|
+$12.1M |
| 3 |
Energy Transfer Partners
ET
|
+$11.7M |
| 4 |
MMP
Magellan Midstream Partners, L.P.
MMP
|
+$7.51M |
| 5 |
SHLX
Shell Midstream Partners, L.P.
SHLX
|
+$6.86M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$11.6M |
| 2 |
Tapestry
TPR
|
+$6.01M |
| 3 |
Altria Group
MO
|
+$4.87M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$4.19M |
| 5 |
iShares National Muni Bond ETF
MUB
|
+$3.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 35.09% |
| 2 | Consumer Staples | 10.11% |
| 3 | Technology | 9.75% |
| 4 | Industrials | 5.77% |
| 5 | Consumer Discretionary | 4.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RMP
26
DELISTED
Rice Midstream Partners LP
RMP
| $6.54M | 1.15% |
361,043
+252,696
| +233% | +$5.15M |
|
|
MMP
27
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $6.53M | 1.15% |
+111,899
| New | +$7.51M |
|
28
MPLX
MPLX
$57.4B
| $6.5M | 1.14% |
196,710
+180,564
| +1,118% | +$6.47M |
|
|
ANDX
29
DELISTED
Andeavor Logistics LP
ANDX
| $6.47M | 1.14% |
144,305
+66,410
| +85% | +$3.24M |
|
30
IBM
IBM
$193B
| $6.39M | 1.12% |
43,555
+682
| +2% | +$103K |
|
31
United Parcel Service
UPS
$98.5B
| $6.25M | 1.1% |
59,713
+3,727
| +7% | +$431K |
|
|
SHLX
32
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $6M | 1.05% |
285,091
+260,210
| +1,046% | +$6.86M |
|
33
Capital One
COF
$124B
| $5.97M | 1.05% |
62,341
-378
| -0.6% | -$37.6K |
|
34
Coca-Cola
KO
$354B
| $5.67M | 1% |
130,494
+19,915
| +18% | +$895K |
|
35
Microsoft
MSFT
$2.9T
| $5.63M | 0.99% |
61,675
+12,414
| +25% | +$1.14M |
|
36
Genesis Energy
GEL
$1.83B
| $5.46M | 0.96% |
+276,830
| New | +$6.04M |
|
37
Oneok
OKE
$57.8B
| $5.33M | 0.93% |
+93,547
| New | +$5.37M |
|
38
Williams Companies
WMB
$91.1B
| $5.28M | 0.93% |
212,186
+188,659
| +802% | +$5.57M |
|
39
Emerson Electric
EMR
$78.2B
| $5.23M | 0.92% |
76,560
-461
| -0.6% | -$32.8K |
|
|
PSXP
40
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $5.16M | 0.91% |
+107,994
| New | +$5.54M |
|
41
Gilead Sciences
GILD
$162B
| $5.08M | 0.89% |
67,445
-3,776
| -5% | -$300K |
|
|
TGE
42
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $5.04M | 0.89% |
265,066
+219,323
| +479% | +$4.9M |
|
43
JPMorgan Chase
JPM
$926B
| $4.88M | 0.86% |
+44,376
| New | +$5.02M |
|
44
iShares Core S&P 500 ETF
IVV
$886B
| $4.87M | 0.86% |
18,355
+589
| +3% | +$162K |
|
45
Home Depot
HD
$330B
| $4.8M | 0.84% |
+26,939
| New | +$5.05M |
|
46
Procter & Gamble
PG
$347B
| $4.78M | 0.84% |
60,342
+9,470
| +19% | +$790K |
|
|
47
Altria Group
MO
$121B
| $4.51M | 0.79% |
72,425
-73,564
| -50% | -$4.87M |
|
48
Texas Instruments
TXN
$268B
| $4.4M | 0.77% |
+42,348
| New | +$4.59M |
|
|
WES
49
DELISTED
Western Gas Partners Lp
WES
| $4.14M | 0.73% |
97,033
+11,851
| +14% | +$577K |
|
|
50
iShares National Muni Bond ETF
MUB
$45.2B
| $4.09M | 0.72% |
37,554
-35,741
| -49% | -$3.9M |
|
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Salient Private Client's Q1 2018 Portfolio in Review
As of Q1 2018, Salient Private Client held 132 positions worth $570M, up 17% from $487M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Salient Private Client deployed $122M of net new capital in Q1 2018, opening 30 new positions and adding to 54 existing holdings. Its largest new stake was Magellan Midstream Partners, L.P.: 111,899 shares worth $6.53M.
By sector, the portfolio is most concentrated in Energy at 35% of assets, up from 23% a quarter earlier, followed by Consumer Staples and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $11.6M trimmed.
- Salient Private Client's largest Q1 2018 buy was Magellan Midstream Partners, L.P.: 111,899 shares worth $6.53M.
- Salient Private Client added most to Enterprise Products Partners in Q1 2018, an estimated $12.3M increase.
- Salient Private Client's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $11.6M.
- Salient Private Client fully exited iShares Russell 2000 ETF in Q1 2018, selling an estimated $4.19M.
- Salient Private Client's ten largest holdings make up 36% of its $570M portfolio in Q1 2018.
- Salient Private Client opened 30 new positions and closed 9 in Q1 2018.
- Salient Private Client's portfolio value rose 17% quarter-over-quarter to $570M.
Based on Salient Private Client's 13F filing for Q1 2018, filed 2 May 2018.