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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 | |
|---|---|---|---|---|---|---|
1
ExxonMobil
XOM
$615B
| $39.5M | 6.94% |
530,027
+9,267
| +2% | +$741K |
|
2
Targa Resources
TRGP
$60.6B
| $34.5M | 6.05% |
783,465
+140,952
| +22% | +$6.71M |
|
|
ETP
3
DELISTED
Energy Transfer Partners, L.P.
ETP
| $33.8M | 5.94% |
2,084,269
+312,292
| +18% | +$5.8M |
|
|
4
Enterprise Products Partners
EPD
$83.9B
| $18.2M | 3.19% |
741,820
+460,307
| +164% | +$12.3M |
|
5
PepsiCo
PEP
$185B
| $13.4M | 2.36% |
123,038
+16,008
| +15% | +$1.82M |
|
6
Apple
AAPL
$4.8T
| $13.4M | 2.35% |
319,516
+27,836
| +10% | +$1.2M |
|
|
7
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17B
| $13.3M | 2.33% |
130,940
+119,414
| +1,036% | +$12.1M |
|
8
iShares MSCI EAFE ETF
EFA
$75.8B
| $12.7M | 2.23% |
182,441
+12,486
| +7% | +$890K |
|
9
Lockheed Martin
LMT
$117B
| $12.2M | 2.14% |
36,138
+1,779
| +5% | +$605K |
|
10
Johnson & Johnson
JNJ
$599B
| $12.1M | 2.13% |
94,734
+10,602
| +13% | +$1.43M |
|
|
11
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $12.1M | 2.13% |
46,122
-42,486
| -48% | -$11.6M |
|
|
12
Energy Transfer Partners
ET
$69.8B
| $10.5M | 1.84% |
739,313
+705,039
| +2,057% | +$11.7M |
|
13
McDonald's
MCD
$190B
| $9.84M | 1.73% |
62,939
+3,644
| +6% | +$599K |
|
14
AT&T
T
$153B
| $9.7M | 1.7% |
360,190
+56,372
| +19% | +$1.57M |
|
15
General Mills
GIS
$20.1B
| $9.37M | 1.65% |
208,003
+21,407
| +11% | +$1.16M |
|
16
Western Midstream Partners
WES
$19.3B
| $8.72M | 1.53% |
263,303
+62,608
| +31% | +$2.38M |
|
17
Intel
INTC
$488B
| $8.33M | 1.46% |
159,994
+5,953
| +4% | +$283K |
|
18
3M
MMM
$83B
| $7.99M | 1.4% |
43,554
+4,660
| +12% | +$923K |
|
19
Colgate-Palmolive
CL
$73.6B
| $7.93M | 1.39% |
110,668
+3,037
| +3% | +$219K |
|
20
TJX Companies
TJX
$172B
| $7.82M | 1.37% |
191,830
+7,784
| +4% | +$308K |
|
21
Mastercard
MA
$484B
| $7.64M | 1.34% |
43,600
-1,843
| -4% | -$315K |
|
22
Philip Morris
PM
$300B
| $7.62M | 1.34% |
76,698
+8,648
| +13% | +$901K |
|
23
Automatic Data Processing
ADP
$102B
| $7.15M | 1.25% |
62,975
+2,647
| +4% | +$309K |
|
24
LyondellBasell Industries
LYB
$19.6B
| $6.85M | 1.2% |
64,821
-2,184
| -3% | -$244K |
|
25
Accenture
ACN
$88.6B
| $6.71M | 1.18% |
43,711
+273
| +0.6% | +$43.2K |
|
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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.