Salient Private Client, LLC Buys PIMCO Enhanced Short Maturity Active Exchange-Trad, Enterprise Products Partners LP, Energy Transfer Equity LP, Sells SPDR S&P 500, Tapestry Inc, Altria Group Inc

• New Purchases: MMP, GEL, OKE, PSXP, JPM, HD, TXN, WPZ, NBLX, TEP,
• Added Positions: MINT, EPD, ETE, TRGP, MPLX, SHLX, ETP, WMB, RMP, TEGP,
• Reduced Positions: SPY, TPR, MO, BND, MUB, VWO, STX, ACWX, EMB, EQT,
• Sold Out: IWM, HYG, TLT, LQD, JNK, ORCL, AMLP, FET,

For the details of Salient Private Client, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Salient+Private+Client%2C+LLC

1. Exxon Mobil Corp (XOM) - 530,027 shares, 6.95% of the total portfolio. Shares added by 1.78%
2. Targa Resources Corp (TRGP) - 783,465 shares, 6.06% of the total portfolio. Shares added by 21.94%
3. Energy Transfer Partners LP (ETP) - 2,084,269 shares, 5.94% of the total portfolio. Shares added by 17.62%
4. Enterprise Products Partners LP (EPD) - 741,820 shares, 3.19% of the total portfolio. Shares added by 163.51%
5. Apple Inc (AAPL) - 79,879 shares, 2.36% of the total portfolio. Shares added by 9.54%

Salient Private Client, LLC initiated holding in Magellan Midstream Partners LP. The purchase prices were between $57.08 and $75.19, with an estimated average price of $67.15. The stock is now traded at around $66.73. The impact to a portfolio due to this purchase was 1.15%. The holding were 111,899 shares as of 2018-03-31.

Salient Private Client, LLC initiated holding in Genesis Energy LP. The purchase prices were between $18.78 and $25.36, with an estimated average price of $21.88. The stock is now traded at around $20.62. The impact to a portfolio due to this purchase was 0.96%. The holding were 276,830 shares as of 2018-03-31.

Salient Private Client, LLC initiated holding in ONEOK Inc. The purchase prices were between $54.33 and $60.71, with an estimated average price of $57.39. The stock is now traded at around $62.57. The impact to a portfolio due to this purchase was 0.94%. The holding were 93,547 shares as of 2018-03-31.

Salient Private Client, LLC initiated holding in Phillips 66 Partners LP. The purchase prices were between $46.57 and $56.23, with an estimated average price of $51.34. The stock is now traded at around $49.89. The impact to a portfolio due to this purchase was 0.91%. The holding were 107,994 shares as of 2018-03-31.

Salient Private Client, LLC initiated holding in JPMorgan Chase & Co. The purchase prices were between $107.01 and $118.77, with an estimated average price of $113.23. The stock is now traded at around $107.92. The impact to a portfolio due to this purchase was 0.86%. The holding were 44,376 shares as of 2018-03-31.

Salient Private Client, LLC initiated holding in The Home Depot Inc. The purchase prices were between $171.8 and $207.23, with an estimated average price of $187.63. The stock is now traded at around $185.91. The impact to a portfolio due to this purchase was 0.84%. The holding were 26,939 shares as of 2018-03-31.

Salient Private Client, LLC added to a holding in PIMCO Enhanced Short Maturity Active Exchange-Trad by 1036.04%. The purchase prices were between $101.45 and $101.71, with an estimated average price of $101.57. The stock is now traded at around $101.43. The impact to a portfolio due to this purchase was 2.13%. The holding were 130,940 shares as of 2018-03-31.

Salient Private Client, LLC added to a holding in Enterprise Products Partners LP by 163.51%. The purchase prices were between $24.06 and $29.4, with an estimated average price of $26.66. The stock is now traded at around $26.51. The impact to a portfolio due to this purchase was 1.98%. The holding were 741,820 shares as of 2018-03-31.

Salient Private Client, LLC added to a holding in Energy Transfer Equity LP by 2057.07%. The purchase prices were between $14.2 and $19.18, with an estimated average price of $16.62. The stock is now traded at around $16.00. The impact to a portfolio due to this purchase was 1.76%. The holding were 739,313 shares as of 2018-03-31.

Salient Private Client, LLC added to a holding in Targa Resources Corp by 21.94%. The purchase prices were between $43.74 and $51.44, with an estimated average price of $47.63. The stock is now traded at around $47.43. The impact to a portfolio due to this purchase was 1.09%. The holding were 783,465 shares as of 2018-03-31.

Salient Private Client, LLC added to a holding in MPLX LP by 1118.32%. The purchase prices were between $32.62 and $39.12, with an estimated average price of $35.85. The stock is now traded at around $35.92. The impact to a portfolio due to this purchase was 1.05%. The holding were 196,710 shares as of 2018-03-31.

Salient Private Client, LLC added to a holding in Shell Midstream Partners LP by 1045.82%. The purchase prices were between $20.63 and $30.74, with an estimated average price of $26.37. The stock is now traded at around $21.55. The impact to a portfolio due to this purchase was 0.96%. The holding were 285,091 shares as of 2018-03-31.

Salient Private Client, LLC sold out a holding in iShares Russell 2000. The sale prices were between $145.44 and $159.96, with an estimated average price of $154.44.

Salient Private Client, LLC sold out a holding in iShares iBoxx $ High Yield Corporate Bond. The sale prices were between $84.92 and $87.97, with an estimated average price of $86.4.

Salient Private Client, LLC sold out a holding in iShares 20+ Year Treasury Bond ETF. The sale prices were between $116.74 and $126.09, with an estimated average price of $120.85.

Salient Private Client, LLC sold out a holding in iShares iBoxx $ Investment Grade Corporate Bond. The sale prices were between $115.72 and $120.97, with an estimated average price of $118.16.

Salient Private Client, LLC sold out a holding in SPDR Bloomberg Barclays High Yield Bond. The sale prices were between $35.62 and $37.03, with an estimated average price of $36.3.

Salient Private Client, LLC sold out a holding in Oracle Corp. The sale prices were between $44.79 and $52.97, with an estimated average price of $49.71.