Salient Private Client, LLC Buys SPDR S&P 500, Select Energy Services Inc, Tallgrass Energy LP, Sells PIMCO Enhanced Short Maturity Active Exchange-Trad, Invesco FTSE RAFI US 1000, Facebook Inc

• New Purchases: WTTR, TGE, NOV, LNG, BND, GTLS, SPDW, VLP, SVXY,
• Added Positions: SPY, ETP, PAA, WRD, MPLX, IEFA, EQM, WGP, TRGP, PBA,
• Reduced Positions: MINT, ANDX, GIS, OKE, EFA, RMP, AAPL, EQT, MSFT, EMB,
• Sold Out: PRF, FB, PKD, NKE, MRK, UBS, GSK, EEQ,

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. Energy Transfer Partners LP (ETP) - 2,308,565 shares, 7.45% of the total portfolio. Shares added by 10.76%
2. Exxon Mobil Corp (XOM) - 513,711 shares, 7.2% of the total portfolio. Shares reduced by 3.08%
3. Targa Resources Corp (TRGP) - 795,254 shares, 6.67% of the total portfolio. Shares added by 1.50%
4. SPDR S&P 500 (SPY) - 109,862 shares, 5.05% of the total portfolio. Shares added by 138.20%
5. Enterprise Products Partners LP (EPD) - 710,429 shares, 3.33% of the total portfolio. Shares reduced by 4.23%

Salient Private Client, LLC initiated holding in Select Energy Services Inc. The purchase prices were between $11.88 and $17.64, with an estimated average price of $14.72. The stock is now traded at around $14.95. The impact to a portfolio due to this purchase was 2.27%. The holding were 923,531 shares as of 2018-06-30.

Salient Private Client, LLC initiated holding in Tallgrass Energy LP. The purchase prices were between $18.71 and $23.45, with an estimated average price of $21.19. The stock is now traded at around $23.95. The impact to a portfolio due to this purchase was 0.79%. The holding were 210,617 shares as of 2018-06-30.

Salient Private Client, LLC initiated holding in National Oilwell Varco Inc. The purchase prices were between $35.88 and $44.11, with an estimated average price of $40.46. The stock is now traded at around $47.42. The impact to a portfolio due to this purchase was 0.53%. The holding were 71,378 shares as of 2018-06-30.

Salient Private Client, LLC initiated holding in Cheniere Energy Inc. The purchase prices were between $52.99 and $68.72, with an estimated average price of $61.48. The stock is now traded at around $62.71. The impact to a portfolio due to this purchase was 0.28%. The holding were 24,991 shares as of 2018-06-30.

Salient Private Client, LLC initiated holding in Vanguard Total Bond Market ETF. The purchase prices were between $78.33 and $79.8, with an estimated average price of $79.06. The stock is now traded at around $78.75. The impact to a portfolio due to this purchase was 0.24%. The holding were 17,661 shares as of 2018-06-30.

Salient Private Client, LLC initiated holding in Chart Industries Inc. The purchase prices were between $56.74 and $73.41, with an estimated average price of $62.79. The stock is now traded at around $77.95. The impact to a portfolio due to this purchase was 0.12%. The holding were 11,714 shares as of 2018-06-30.

Salient Private Client, LLC added to a holding in SPDR S&P 500 by 138.20%. The purchase prices were between $257.47 and $278.92, with an estimated average price of $270.08. The stock is now traded at around $280.89. The impact to a portfolio due to this purchase was 2.93%. The holding were 109,862 shares as of 2018-06-30.

Salient Private Client, LLC added to a holding in Plains All American Pipeline LP by 190.17%. The purchase prices were between $21.44 and $25.51, with an estimated average price of $24.1. The stock is now traded at around $25.04. The impact to a portfolio due to this purchase was 0.69%. The holding were 262,712 shares as of 2018-06-30.

Salient Private Client, LLC added to a holding in WildHorse Resource Development Corp by 284.38%. The purchase prices were between $18.18 and $28.48, with an estimated average price of $24.91. The stock is now traded at around $22.20. The impact to a portfolio due to this purchase was 0.47%. The holding were 148,284 shares as of 2018-06-30.

Salient Private Client, LLC added to a holding in MPLX LP by 28.30%. The purchase prices were between $32.07 and $37.1, with an estimated average price of $34.77. The stock is now traded at around $36.53. The impact to a portfolio due to this purchase was 0.32%. The holding were 252,374 shares as of 2018-06-30.

Salient Private Client, LLC added to a holding in iShares Core MSCI EAFE by 130.53%. The purchase prices were between $62.74 and $67.79, with an estimated average price of $66.19. The stock is now traded at around $64.72. The impact to a portfolio due to this purchase was 0.22%. The holding were 36,391 shares as of 2018-06-30.

Salient Private Client, LLC added to a holding in EQT Midstream Partners LP by 172.13%. The purchase prices were between $51.32 and $62.6, with an estimated average price of $56.56. The stock is now traded at around $50.73. The impact to a portfolio due to this purchase was 0.19%. The holding were 34,196 shares as of 2018-06-30.

Salient Private Client, LLC sold out a holding in Invesco FTSE RAFI US 1000. The sale prices were between $107.92 and $116.01, with an estimated average price of $112.71.

Salient Private Client, LLC sold out a holding in Facebook Inc. The sale prices were between $155.1 and $202, with an estimated average price of $180.53.

Salient Private Client, LLC sold out a holding in Parker Drilling Co. The sale prices were between $0.33 and $0.64, with an estimated average price of $0.51.

Salient Private Client, LLC sold out a holding in Nike Inc. The sale prices were between $64.12 and $79.68, with an estimated average price of $70.42.

Salient Private Client, LLC sold out a holding in Merck & Co Inc. The sale prices were between $53.27 and $62.59, with an estimated average price of $59.12.

Salient Private Client, LLC sold out a holding in UBS Group AG. The sale prices were between $15.15 and $17.65, with an estimated average price of $16.28.

Salient Private Client, LLC reduced to a holding in PIMCO Enhanced Short Maturity Active Exchange-Trad by 80.71%. The sale prices were between $101.41 and $101.68, with an estimated average price of $101.51. The stock is now traded at around $101.41. The impact to a portfolio due to this sale was -1.89%. Salient Private Client, LLC still held 25,261 shares as of 2018-06-30.

Salient Private Client, LLC reduced to a holding in Andeavor Logistics LP by 30.24%. The sale prices were between $41.4 and $49.09, with an estimated average price of $44.73. The stock is now traded at around $45.32. The impact to a portfolio due to this sale was -0.34%. Salient Private Client, LLC still held 100,668 shares as of 2018-06-30.

Salient Private Client, LLC reduced to a holding in General Mills Inc by 20.9%. The sale prices were between $41.21 and $46.06, with an estimated average price of $43.79. The stock is now traded at around $45.09. The impact to a portfolio due to this sale was -0.34%. Salient Private Client, LLC still held 164,521 shares as of 2018-06-30.

Salient Private Client, LLC reduced to a holding in ONEOK Inc by 32.67%. The sale prices were between $56.14 and $70.07, with an estimated average price of $64.32. The stock is now traded at around $68.12. The impact to a portfolio due to this sale was -0.31%. Salient Private Client, LLC still held 62,985 shares as of 2018-06-30.

Salient Private Client, LLC reduced to a holding in Rice Midstream Partners LP by 20.38%. The sale prices were between $17.02 and $19.63, with an estimated average price of $18.17. The stock is now traded at around $18.05. The impact to a portfolio due to this sale was -0.23%. Salient Private Client, LLC still held 287,447 shares as of 2018-06-30.