Salient Private Client Portfolio holdings
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 | |
|---|---|---|---|---|---|---|
126
VanEck High Yield Muni ETF
HYD
$4.43B
| – | – |
-17,440
| Closed | -$1.09M |
|
127
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| – | – |
-31,481
| Closed | -$2.75M |
|
|
128
iShares Russell 2000 ETF
IWM
$81.2B
| – | – |
-27,491
| Closed | -$4.19M |
|
129
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.24B
| – | – |
-17,890
| Closed | -$1.97M |
|
130
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
| – | – |
-16,703
| Closed | -$2.03M |
|
131
Oracle
ORCL
$346B
| – | – |
-10,080
| Closed | -$477K |
|
132
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| – | – |
-16,550
| Closed | -$2.1M |
|
Similar funds
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.