# Salient Capital Advisors, LLC

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1510769. Source: https://holderbook.com/funds/1510769-salient-capital-advisors-llc/

- Reported value: $1.7B
- Positions: 43
- Weight of the ten largest: 70.4%
- Filed: 2022-11-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $212.0M | 1,277,874 | 12.2% | 16 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $188.3M | 17,072,316 | 10.8% | 16 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $166.0M | 2,751,338 | 9.5% | 16 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $132.8M | 5,583,004 | 7.6% | 16 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $114.0M | 6,853,399 | 6.6% | 16 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $103.6M | 3,617,942 | 6.0% | 16 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $98.7M | 3,215,386 | 5.7% | 16 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $82.2M | 1,604,119 | 4.7% | 16 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $64.7M | 1,715,273 | 3.7% | 16 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $61.9M | 2,062,881 | 3.6% | 16 |
| EQUITRANS MIDSTREAM CORP | [ETRN](https://holderbook.com/stocks/ETRN/) | $59.8M | 7,992,439 | 3.4% | 15 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $51.6M | 1,257,124 | 3.0% | 14 |
| WESTERN MIDSTREAM PARTNERS L | [WES](https://holderbook.com/stocks/WES/) | $51.0M | 2,026,840 | 2.9% | 10 |
| ENLINK MIDSTREAM LLC | [ENLC](https://holderbook.com/stocks/ENLC/) | $41.1M | 4,626,153 | 2.4% | 10 |
| CRESTWOOD EQUITY PARTNERS LP | [CEQP](https://holderbook.com/stocks/CEQP/) | $40.9M | 1,472,920 | 2.4% | 8 |
| MAGELLAN MIDSTREAM PRTNRS LP | [MMP](https://holderbook.com/stocks/MMP/) | $39.7M | 836,631 | 2.3% | 16 |
| PLAINS ALL AMERN PIPELINE L | [PAA](https://holderbook.com/stocks/PAA/) | $35.0M | 3,325,672 | 2.0% | 16 |
| PLAINS GP HLDGS L P | [PAGP](https://holderbook.com/stocks/PAGP/) | $33.9M | 3,109,088 | 1.9% | 16 |
| ANTERO MIDSTREAM CORP | [AM](https://holderbook.com/stocks/AM/) | $33.2M | 3,615,234 | 1.9% | 15 |
| ARCHAEA ENERGY INC | [LFG](https://holderbook.com/stocks/LFG/) | $30.3M | 1,681,793 | 1.7% | 5 |
| DT MIDSTREAM INC | [DTM](https://holderbook.com/stocks/DTM/) | $20.9M | 402,589 | 1.2% | 3 |
| HESS MIDSTREAM LP | [HESM](https://holderbook.com/stocks/HESM/) | $12.9M | 507,123 | 0.7% | 10 |
| TELLURIAN INC NEW | [TELL](https://holderbook.com/stocks/TELL/) | $11.2M | 4,699,634 | 0.6% | 6 |
| DCP MIDSTREAM LP | [DCP](https://holderbook.com/stocks/DCP/) | $10.5M | 278,713 | 0.6% | 10 |
| GENESIS ENERGY L P | [GEL](https://holderbook.com/stocks/GEL/) | $10.3M | 1,115,963 | 0.6% | 16 |
| EXCELERATE ENERGY INC | [EE](https://holderbook.com/stocks/EE/) | $7.3M | 313,438 | 0.4% | 2 |
| SOLAREDGE TECHNOLOGIES INC | [SEDG](https://holderbook.com/stocks/SEDG/) | $6.5M | 28,055 | 0.4% | 9 |
| SUNRUN INC | [RUN](https://holderbook.com/stocks/RUN/) | $5.8M | 210,793 | 0.3% | 1 |
| PLUG PWR INC | [PLUG](https://holderbook.com/stocks/PLUG/) | $5.5M | 259,996 | 0.3% | 1 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $1.9M | 14,471 | 0.1% | 1 |
| ARRAY TECHNOLOGIES INC | [ARRY](https://holderbook.com/stocks/ARRY/) | $1.5M | 88,789 | 0.1% | 2 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $963.0K | 48,188 | 0.1% | 1 |
| XPLR INFRASTRUCTURE LP | [XIFR](https://holderbook.com/stocks/XIFR/) | $758.0K | 10,483 | 0.0% | 16 |
| HOLLY ENERGY PARTNERS L P | [HEP](https://holderbook.com/stocks/HEP/) | $583.0K | 35,524 | 0.0% | 1 |
| NUSTAR ENERGY LP | [NS](https://holderbook.com/stocks/NS/) | $466.0K | 34,497 | 0.0% | 10 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $416.0K | 5,311 | 0.0% | 1 |
| MARTIN MIDSTREAM PRTNRS L P | [MMLP](https://holderbook.com/stocks/MMLP/) | $383.0K | 112,612 | 0.0% | 2 |
| USA COMPRESSION PARTNERS LP | [USAC](https://holderbook.com/stocks/USAC/) | $351.0K | 20,161 | 0.0% | 1 |
| CHENIERE ENERGY PARTNERS LP | [CQP](https://holderbook.com/stocks/CQP/) | $335.0K | 6,274 | 0.0% | 3 |
| SUNOCO LP/SUNOCO FIN CORP | [SUN](https://holderbook.com/stocks/SUN/) | $235.0K | 6,024 | 0.0% | 1 |
| LITHIUM AMERS CORP NEW | [LACXXXX](https://holderbook.com/stocks/LACXXXX/) | $212.0K | 8,099 | 0.0% | 1 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $203.0K | 8,999 | 0.0% | 1 |
| NEXTDECADE CORP | [NEXT](https://holderbook.com/stocks/NEXT/) | $143.0K | 23,711 | 0.0% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2022 | +2.2% | -5.3% | +7.6% | 99% |
| Q2 2022 | -12.0% | -16.5% | +4.5% | 100% |
| Q1 2022 | +20.5% | -4.9% | +25.4% | 100% |
| Q4 2021 | -1.4% | +10.7% | -12.0% | 100% |
| Q3 2021 | -2.0% | +0.3% | -2.3% | 100% |
| Q2 2021 | +15.8% | +8.0% | +7.8% | 100% |
| Q1 2021 | +17.9% | +6.0% | +11.9% | 100% |
| Q4 2020 | +19.2% | +11.6% | +7.6% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $1.7B | 43 |
| Q2 2022 | $1.9B | 82 |
| Q1 2022 | $2.4B | 78 |
| Q4 2021 | $2.0B | 75 |
| Q3 2021 | $2.0B | 57 |
| Q2 2021 | $2.4B | 58 |
| Q1 2021 | $2.1B | 62 |
| Q4 2020 | $1.8B | 77 |
| Q3 2020 | $1.6B | 71 |
| Q2 2020 | $2.1B | 64 |
| Q1 2020 | $1.6B | 59 |
| Q4 2019 | $3.5B | 76 |