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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 | |
|---|---|---|---|---|---|---|
51
Invesco FTSE RAFI US 1000 ETF
PRF
$9.68B
| $3.93M | 0.69% |
178,375
| – | – |
|
|
WPZ
52
DELISTED
Williams Partners L.P.
WPZ
| $3.85M | 0.68% |
+111,669
| New | +$4.36M |
|
53
Walmart Inc
WMT
$863B
| $3.83M | 0.67% |
129,150
+20,700
| +19% | +$666K |
|
|
NBLX
54
DELISTED
Noble Midstream Partners LP
NBLX
| $3.47M | 0.61% |
+74,391
| New | +$3.85M |
|
|
TEP
55
DELISTED
Tallgrass Energy Partners, LP
TEP
| $3.42M | 0.6% |
+90,183
| New | +$3.75M |
|
56
EQT Corp
EQT
$33.4B
| $3.4M | 0.6% |
131,390
-46,797
| -26% | -$1.34M |
|
|
ENLK
57
DELISTED
EnLink Midstream Partners, LP
ENLK
| $3.29M | 0.58% |
+240,918
| New | +$3.84M |
|
58
Walt Disney
DIS
$161B
| $3.16M | 0.56% |
31,467
+5,500
| +21% | +$584K |
|
59
Abbott
ABT
$175B
| $3.07M | 0.54% |
51,214
+10,200
| +25% | +$615K |
|
60
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $3M | 0.53% |
26,552
-20,056
| -43% | -$2.28M |
|
|
AM
61
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
| $2.97M | 0.52% |
+114,578
| New | +$3.27M |
|
62
SLB Ltd
SLB
$70.6B
| $2.94M | 0.52% |
45,326
+15,565
| +52% | +$1.09M |
|
63
Chevron
CVX
$387B
| $2.69M | 0.47% |
23,549
+5,471
| +30% | +$654K |
|
64
Eli Lilly
LLY
$1.06T
| $2.66M | 0.47% |
34,355
+6,000
| +21% | +$483K |
|
|
BPMP
65
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $2.59M | 0.45% |
+144,934
| New | +$2.9M |
|
66
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $2.51M | 0.44% |
53,375
-68,128
| -56% | -$3.27M |
|
|
UN
67
DELISTED
Unilever NV New York Registry Shares
UN
| $2.2M | 0.39% |
39,009
+10,700
| +38% | +$588K |
|
68
UGI
UGI
$7.92B
| $2.16M | 0.38% |
48,671
| – | – |
|
69
Meta Platforms (Facebook)
META
$1.54T
| $2.13M | 0.37% |
13,359
+320
| +2% | +$57.5K |
|
70
Plains All American Pipeline
PAA
$17.4B
| $2M | 0.35% |
90,537
+69,918
| +339% | +$1.54M |
|
71
Starbucks
SBUX
$118B
| $1.95M | 0.34% |
33,712
+7,301
| +28% | +$422K |
|
72
Plains GP Holdings
PAGP
$5.25B
| $1.75M | 0.31% |
80,313
+59,489
| +286% | +$1.32M |
|
|
AMJ
73
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $1.65M | 0.29% |
68,565
-6,632
| -9% | -$182K |
|
|
74
Tapestry
TPR
$28.1B
| $1.63M | 0.29% |
31,023
-121,835
| -80% | -$6.01M |
|
|
APC
75
DELISTED
Anadarko Petroleum
APC
| $1.63M | 0.29% |
26,933
| – | – |
|
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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.