Salient Capital Advisors, LLC

Salient Capital Advisors is an investment management firm based out of Houston, Texas. The company was established in 2002 and is currently headed by CEO Gregory A. Reid. Salient Capital Advisors has grown to 162 employees of which 83 are investment professionals and operates as a subsidiary of its parent company Salient Partners LP. The company utilizes fundamental analysis to make its investment decisions, focusing on measuring the intrinsic values of company stocks through a variety of factors including industry conditions and company management, and technical analysis through charting, reviewing various market and stock activities to determine the movement trends of the market. Salient Capital Advisors invests most heavily in the energy sector, which alone makes up over three quarters of its total asset allocations, and also invests in the utilities and telecommunications, industrials, and transports sectors, among others to a lesser degree, in order of decreasing allocation. The company’s top 10 holdings alone make up almost half of its total holdings and the firm has a turnover rate of 26.7%. Salient Capital Advisors currently holds approximately $5.7 billion in total assets under management spread across over 2,600 accounts, all of which are discretionary accounts. Both of its total number of accounts held and total assets under management have been increasing in recent years with its total managed assets growing significantly from under a billion in assets back in 2010 to well over 5 times that amount today. Salient Capital Advisors mainly caters to high net worth individuals, which alone makes up almost three quarters of its client base, and also provides services to individuals, pension and profit sharing plans, charities, investment companies, pooled investment vehicles, corporations, and state or municipal entities, in order of decreasing clientele. The Salient family of mutual funds currently includes Alternative Beta, Broadmark Tactical Plus, Global Equity, MLP, Risk Parity, and Trend funds.