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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 | |
|---|---|---|---|---|---|---|
76
ConocoPhillips
COP
$146B
| $1.61M | 0.28% |
27,157
-85
| -0.3% | -$4.81K |
|
77
Pfizer
PFE
$143B
| $1.55M | 0.27% |
46,122
-11,678
| -20% | -$401K |
|
78
Vanguard Total Bond Market
BND
$157B
| $1.41M | 0.25% |
17,586
-48,671
| -73% | -$3.9M |
|
79
iShares MSCI ACWI ex US ETF
ACWX
$11.4B
| $1.4M | 0.24% |
28,077
-52,933
| -65% | -$2.69M |
|
80
Range Resources
RRC
$9.08B
| $1.35M | 0.24% |
93,192
| – | – |
|
81
Seagate
STX
$207B
| $1.31M | 0.23% |
22,399
-67,711
| -75% | -$3.6M |
|
82
Kinder Morgan
KMI
$72.9B
| $1.3M | 0.23% |
86,031
+71,988
| +513% | +$1.25M |
|
83
Enbridge
ENB
$123B
| $1.29M | 0.23% |
41,057
+10,846
| +36% | +$380K |
|
84
Blackstone
BX
$152B
| $1.08M | 0.19% |
33,837
+17
| +0.1% | +$580 |
|
85
iShares Core MSCI EAFE ETF
IEFA
$185B
| $1.04M | 0.18% |
+15,786
| New | +$1.06M |
|
86
iShares US Real Estate ETF
IYR
$4.49B
| $1.04M | 0.18% |
13,742
-479
| -3% | -$36.3K |
|
|
PKD
87
DELISTED
Parker Drilling Company
PKD
| $1.03M | 0.18% |
107,918
| – | – |
|
88
NGL Energy Partners
NGL
$2.01B
| $1.02M | 0.18% |
92,612
+66,609
| +256% | +$916K |
|
|
LMRK
89
DELISTED
Landmark Infrastructure Partners LP Common Units
LMRK
| $956K | 0.17% |
57,414
-1,325
| -2% | -$23.1K |
|
90
Nike
NKE
$60.8B
| $821K | 0.14% |
12,357
-99
| -0.8% | -$6.53K |
|
|
EQGP
91
DELISTED
EQGP Holdings, LP
EQGP
| $772K | 0.14% |
33,433
+100
| +0.3% | +$2.58K |
|
|
EQM
92
DELISTED
EQM Midstream Partners, LP
EQM
| $742K | 0.13% |
+12,566
| New | +$853K |
|
|
WRD
93
DELISTED
WildHorse Resource Development
WRD
| $736K | 0.13% |
38,577
| – | – |
|
94
Verizon
VZ
$183B
| $694K | 0.12% |
+14,513
| New | +$729K |
|
95
TSMC
TSM
$2.16T
| $677K | 0.12% |
+15,480
| New | +$675K |
|
|
ENLC
96
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $675K | 0.12% |
+46,045
| New | +$774K |
|
97
VanEck Junior Gold Miners ETF
GDXJ
$7.05B
| $644K | 0.11% |
20,025
| – | – |
|
98
Southwest Airlines
LUV
$21.9B
| $604K | 0.11% |
10,538
| – | – |
|
99
Merck
MRK
$322B
| $604K | 0.11% |
11,618
-6,640
| -36% | -$359K |
|
100
Prudential
PUK
$36.2B
| $604K | 0.11% |
+12,186
| New | +$616K |
|
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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.