0001510769-11-000008.txt : 20111110 0001510769-11-000008.hdr.sgml : 20111110 20111110172508 ACCESSION NUMBER: 0001510769-11-000008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111110 DATE AS OF CHANGE: 20111110 EFFECTIVENESS DATE: 20111110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Salient Capital Advisors, LLC CENTRAL INDEX KEY: 0001510769 IRS NUMBER: 272587653 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14184 FILM NUMBER: 111196522 BUSINESS ADDRESS: STREET 1: 4265 SAN FELIPE STREET 2: 8TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77027 BUSINESS PHONE: 713-993-4675 MAIL ADDRESS: STREET 1: 4265 SAN FELIPE STREET 2: 8TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77027 13F-HR 1 edgarscal93011.txt 13F HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarterly Ended: September 30, 2011 Check here is Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing This Report: Name: Salient Capital Advisors, LLC Address: 4265 San Felipe, 8th Floor Houston, TX 77027 13F File Number: 028-14184 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing This Report on Behalf of Reporting Manager: Name: Paul A. Bachtold Title: Chief Compliance Officer Phone: 713-993-4686 Signature, Place and Date of Signing: Paul Bachtold, Houston, TX November 10, 2011 Report Type (Check only one): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 214 Form 13F Information Table Value Total: 488300 List of Other Included Managers: No. 13F File Number Name 01 N/A N/A CUSIP Value Shares/ Sh/Put/Invstmt Other Name of Issuer Title of Class -----------(x$1,000Prn Amt PutCallDscretn Managers Sole Shared None ------------------------ --------------- ---------------------------------------- -------- -------- -------- 3M CO COMMON STOCK 88579Y101 1076 14986 SH SOLE 14986 0 0 ABBOTT LABORATORIES COMMON STOCK 002824100 2368 46300 SH SOLE 46300 0 0 ACCENTURE PLC CLS A COMMON STOCK G1151C101 228 4335 SH SOLE 4335 0 0 ALCOA INC COMMON STOCK 013817101 566 59095 SH SOLE 59095 0 0 ALLEGHENY TECHNOLOGIES COMMON STOCK 01741R102 277 7482 SH SOLE 7482 0 0 ALLERGAN INC COMMON STOCK 018490102 1387 16839 SH SOLE 16839 0 0 ALLIANCE HOLDINGS GP LP COMMON STOCK 01861G100 6815 154907 SH SOLE 154907 0 0 ALPINE GLOBAL PREMIERPPTYS FD COMMON STOCK 02083A103 60 11252 SH SOLE 11252 0 0 ALTRIA GROUP INC COMMON STOCK 02209S103 1310 48854 SH SOLE 48854 0 0 AMAZON.COM INC COMMON STOCK 023135106 328 1517 SH SOLE 1517 0 0 AMERICAN ASSETS TR INC COMMON STOCK 024013104 317 17662 SH SOLE 17662 0 0 ANADARKO PETE CORP COMMON STOCK 032511107 11412 181007 SH SOLE 181007 0 0 ANNALY CAPITAL MANAGEMENT INC COMMON STOCK 035710409 287 17235 SH SOLE 17235 0 0 APACHE CORPORATION COMMON STOCK 037411105 7213 89889 SH SOLE 89889 0 0 APPLE INC COMMON STOCK 037833100 2472 6483 SH SOLE 6483 0 0 AT&T INC COMMON STOCK 00206R102 2332 81767 SH SOLE 81767 0 0 AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 225 1971 SH SOLE 1971 0 0 BANK OF NEW YORK MELLON CORP COMMON STOCK 064058100 648 34878 SH SOLE 34878 0 0 BARCLAYS BK PLC IPATH S&P GSCI COMMON STOCK 06738C794 7757 254744 SH SOLE 254744 0 0 BERKSHIRE HATHAWAY INC B COMMON STOCK 084670702 1571 22110 SH SOLE 22110 0 0 BERKSHIRE HATHAWAY INC DEL COMMON STOCK 084670108 320 3 SH SOLE 3 0 0 BOSTON PROPERTIES INC COMMON STOCK 101121101 758 8509 SH SOLE 8509 0 0 BPZ RESOURCES INC COM COMMON STOCK 055639108 69 25000 SH SOLE 25000 0 0 BRE PROPERTIES INC COMMON STOCK 05564E106 328 7750 SH SOLE 7750 0 0 BREITBURN ENERGY PARTNERS LP COMMON STOCK 106776107 6419 368908 SH SOLE 368908 0 0 BRITISH AMERICAN TOBACCOLVL II COMMON STOCK 110448107 329 3885 SH SOLE 3885 0 0 BUCKEYE PARTNERS L P UNITLTD COMMON STOCK 118230101 4162 66581 SH SOLE 66581 0 0 CALUMET SPECIALTY PRODUCTS PA COMMON STOCK 131476103 5140 303440 SH SOLE 303440 0 0 CAMDEN PROPERTY TRUST COMMON STOCK 133131102 835 15119 SH SOLE 15119 0 0 CARRIAGE SERVICES INC COMMON STOCK 143905107 192 32500 SH SOLE 32500 0 0 CATERPILLAR INC COMMON STOCK 149123101 202 2733 SH SOLE 2733 0 0 CELGENE CORP COMMON STOCK 151020104 217 3504 SH SOLE 3504 0 0 CENTERPOINT ENERGY INC COMMON STOCK 15189T107 744 37917 SH SOLE 37917 0 0 CHESAPEAKE MIDSTREAM PARTNER COMMON STOCK 16524K108 3704 138000 SH SOLE 138000 0 0 CHEVRON CORP COMMON STOCK 166764100 1665 17979 SH SOLE 17979 0 0 CHIPOTLE MEXICAN GRILL INC COMMON STOCK 169656105 225 742 SH SOLE 742 0 0 CISCO SYSTEMS INC COMMON STOCK 17275R102 207 13331 SH SOLE 13331 0 0 CLAYMORE BNY MELLON BRIC COMMON STOCK 18383M100 681 19818 SH SOLE 19818 0 0 COBALT INTERNATIONAL ENERGYINC COMMON STOCK 19075F106 77 10000 SH SOLE 10000 0 0 COCA-COLA CO COMMON STOCK 191216100 1675 24786 SH SOLE 24786 0 0 COGDELL SPENCER INC COMMON STOCK 19238U107 55 14500 SH SOLE 14500 0 0 CONOCOPHILLIPS COMMON STOCK 20825C104 2429 38361 SH SOLE 38361 0 0 COPANO ENERGY L L C COMMON STOCK 217202100 208 6989 SH SOLE 6989 0 0 CORESITE REALTY CORP COMMON STOCK 21870Q105 363 25303 SH SOLE 25303 0 0 CREDIT SUISSE NASSAU ETN COMMON STOCK 22542D852 277 12585 SH SOLE 12585 0 0 CROSSTEX ENERGY COMMON STOCK 22765Y104 4577 339576 SH SOLE 339576 0 0 CROSSTEX ENERGY LP COMMON STOCK 22765U102 5781 356425 SH SOLE 356425 0 0 CUSHING MLP TOTAL RETURNFD COMMON STOCK 231631102 827 94644 SH SOLE 94644 0 0 DELL INC COMMON STOCK 24702R101 203 14377 SH SOLE 14377 0 0 DENISON MINES CORPORATIONCOM COMMON STOCK 248356107 32 30000 SH SOLE 30000 0 0 DEVON ENERGY CORP NEW COMMON STOCK 25179M103 202 3650 SH SOLE 3650 0 0 DIGITAL REALTY TRUST INC COMMON STOCK 253868103 331 6005 SH SOLE 6005 0 0 DIREXION DAILY EMERGINGMKTS BULL COMMON STOCK 25459W300 266 20000 SH SOLE 20000 0 0 DISNEY WALT CO COMMON STOCK 254687106 733 24289 SH SOLE 24289 0 0 DOMINION RESOURCES INC VA NEW COMMON STOCK 25746U109 220 4335 SH SOLE 4335 0 0 DOUGLAS EMMETT INC COMMON STOCK 25960P109 352 20556 SH SOLE 20556 0 0 DU PONT E I DE NEMOURS & CO COMMON STOCK 263534109 967 24190 SH SOLE 24190 0 0 E M C CORP MASS COMMON STOCK 268648AK8 25 19000 SH SOLE 19000 0 0 EAGLE ROCK ENERGY PA RTNERS COMMON STOCK 26985R104 6138 632102 SH SOLE 632102 0 0 EAGLE ROCK ENERGY PA RTNERS EQ WARRANTS 26985R120 527 152471 SH SOLE 152471 0 0 EASTGROUP PROPERTIES INC COMMON STOCK 277276101 616 16145 SH SOLE 16145 0 0 EL PASO PIPELINE PARTNERS LP COMMON STOCK 283702108 15470 436146 SH SOLE 436146 0 0 ELDORADO GOLD CORP COMMON STOCK 284902103 196 11439 SH SOLE 11439 0 0 EMC CORPORATION MASS COMMON STOCK 268648102 1168 55628 SH SOLE 55628 0 0 ENBRIDGE ENERGY MGMT LLC COMMON STOCK 29250X103 259 9417 SH SOLE 9417 0 0 ENBRIDGE ENERGY PARTNERS COMMON STOCK 29250R106 394 14350 SH SOLE 14350 0 0 ENERGY INCOME & GROWTHFD COMMON STOCK 292697109 292 11521 SH SOLE 11521 0 0 ENERGY TRANSFER EQUI TY L P CO COMMON STOCK 29273V100 9139 262762 SH SOLE 262762 0 0 ENERGY TRANSFER PARTNERS LP COMMON STOCK 29273R109 2133 52002 SH SOLE 52002 0 0 ENERGY XXI BERMUDA COMMON STOCK G10082140 902 42000 SH SOLE 42000 0 0 ENTERPRISE PRODS PAR TNERS L P COMMON STOCK 293792107 16525 411579 SH SOLE 411579 0 0 EQUITY RESIDENTIAL COMMON STOCK 29476L107 285 5500 SH SOLE 5500 0 0 ESTEE LAUDER COMPANIESINC COMMON STOCK 518439104 222 2533 SH SOLE 2533 0 0 EV ENERGY PARTNERS L P COMMON STOCK 26926V107 7145 99679 SH SOLE 99679 0 0 EXELON CORP COMMON STOCK 30161N101 917 21524 SH SOLE 21524 0 0 EXPEDITORS INTL WASHINC COMMON STOCK 302130109 250 6160 SH SOLE 6160 0 0 EXTRA SPACE STORAGE INC COMMON STOCK 30225T102 268 14383 SH SOLE 14383 0 0 EXXON MOBIL CORP COMMON STOCK 30231G102 19609 269980 SH SOLE 269980 0 0 FLUOR CORP NEW COMMON STOCK 343412102 695 14923 SH SOLE 14923 0 0 FORD MOTOR COMPANY COMMON STOCK 345370860 652 67433 SH SOLE 67433 0 0 FRANKLIN RES INC COMMON STOCK 354613101 209 2185 SH SOLE 2185 0 0 FREEPORT-MCMORAN COPPER & GOLD COMMON STOCK 35671D857 597 19596 SH SOLE 19596 0 0 GENERAL ELECTRIC CO COMMON STOCK 369604103 393 25843 SH SOLE 25843 0 0 GLAXOSMITHKLINE PLC SPONS ADR COMMON STOCK 37733W105 301 7299 SH SOLE 7299 0 0 GLIMCHER REALTY TRUST COMMON STOCK 379302102 223 31467 SH SOLE 31467 0 0 GOLDCORP INC COM NPV COMMON STOCK 380956409 324 7093 SH SOLE 7093 0 0 GOOGLE INC CLASS A COMMON STOCK 38259P508 462 897 SH SOLE 897 0 0 GUGGENHEIM MULTIASSET INCOME COMMON STOCK 18383M506 210 11216 SH SOLE 11216 0 0 HALLIBURTON CO COMMON STOCK 406216101 472 15462 SH SOLE 15462 0 0 HCP INC COMMON STOCK 40414L109 522 14893 SH SOLE 14893 0 0 HERSHA HOSPITALITY TR COMMON STOCK 427825104 209 60277 SH SOLE 60277 0 0 HOME DEPOT INC COMMON STOCK 437076102 1759 53527 SH SOLE 53527 0 0 HOMEAWAY INC COM COMMON STOCK 43739Q100 18447 548696 SH SOLE 548696 0 0 INERGY L P COMMON STOCK 456615103 4106 164105 SH SOLE 164105 0 0 INTEL CORP COMMON STOCK 458140100 2115 99124 SH SOLE 99124 0 0 INTERNATIONAL BUSINESS MACHINES COMMON STOCK 459200101 1375 7863 SH SOLE 7863 0 0 INVESCO VAN KAMPEN MUNOPPORTUNI COMMON STOCK 46132C107 275 20000 SH SOLE 20000 0 0 ISHARES BARCLAYS 20+ YEAR TREAS COMMON STOCK 464287432 6059 50160 SH SOLE 50160 0 0 ISHARES BARCLAYS 3-7YR TREAS BD COMMON STOCK 464288661 384 3160 SH SOLE 3160 0 0 ISHARES BARCLAYS TREASINFLATION COMMON STOCK 464287176 749 6551 SH SOLE 6551 0 0 ISHARES BARCLAYS US AGGREGATE COMMON STOCK 464287226 2348 21321 SH SOLE 21321 0 0 ISHARES GOLD TRUST ISHARES COMMON STOCK 464285105 396 25000 SH SOLE 25000 0 0 ISHARES MSCI EAFE INDEX FUND COMMON STOCK 464287465 3399 71132 SH SOLE 71132 0 0 ISHARES RUSSELL 1000 GROWTH COMMON STOCK 464287614 2165 41175 SH SOLE 41175 0 0 ISHARES RUSSELL 3000 INDEX COMMON STOCK 464287689 1361 20402 SH SOLE 20402 0 0 ISHARES S&P GLOBAL MATERIALS COMMON STOCK 464288695 3518 65601 SH SOLE 65601 0 0 ISHARES S&P NATIONAL MUNICIPAL COMMON STOCK 464288414 7067 66264 SH SOLE 66264 0 0 ISHARES SILVER TR ISHARES COMMON STOCK 46428Q109 328 11331 SH SOLE 11331 0 0 ISHARES TR MSCI ACWI INDEXFD COMMON STOCK 464288257 342 8755 SH SOLE 8755 0 0 ISHARES TR MSCI EAFE VALUEINDEX COMMON STOCK 464288877 317 7640 SH SOLE 7640 0 0 ISHARES TR MSCIEMERGING MKTS COMMON STOCK 464287234 5415 154286 SH SOLE 154286 0 0 ISHARES TR RUSSELL 1000INDEX COMMON STOCK 464287622 845 13517 SH SOLE 13517 0 0 ISHARES TR RUSSELL 1000VALUE COMMON STOCK 464287598 1744 30825 SH SOLE 30825 0 0 ISHARES TR RUSSELL 2000INDEX COMMON STOCK 464287655 447 6949 SH SOLE 6949 0 0 JOHNSON AND JOHNSON COMMON STOCK 478160104 2407 37798 SH SOLE 37798 0 0 JP MORGAN CHASE & CO ALERIAN COMMON STOCK 46625H365 4539 133319 SH SOLE 133319 0 0 JUNIPER NETWORKS INC COMMON STOCK 48203R104 470 27257 SH SOLE 27257 0 0 KAYNE ANDERSON MLP COMMON STOCK 486606106 466 16753 SH SOLE 16753 0 0 KEMPER CORP COMMON STOCK 488401100 258 10774 SH SOLE 10774 0 0 KINDER MORGAN ENERGY PARTNERS COMMON STOCK 494550106 1887 27600 SH SOLE 27600 0 0 KINDER MORGAN INC COMMON STOCK 49456B101 2939 113516 SH SOLE 113516 0 0 KINDER MORGAN MANAGEMENT LLC COMMON STOCK 49455U100 10392 177058 SH SOLE 177058 0 0 LAS VEGAS SANDS CORP COMMON STOCK 517834107 781 20383 SH SOLE 20383 0 0 LEGACY RESERVES LP COMMON STOCK 524707304 2938 113201 SH SOLE 113201 0 0 LIBERTY PROPERTY TRUST COMMON STOCK 531172104 280 9627 SH SOLE 9627 0 0 MAGELLAN MIDSTREAM PARTNERS COMMON STOCK 559080106 7283 120592 SH SOLE 120592 0 0 MANULIFE FINANCIAL CORP COMMON STOCK 56501R106 279 24618 SH SOLE 24618 0 0 MARKET VECTORS GOLD MINERS ETF COMMON STOCK 57060U100 3595 65137 SH SOLE 65137 0 0 MARKET VECTORS JR GOLD MINER COMMON STOCK 57060U589 839 29800 SH SOLE 29800 0 0 MARKWEST ENERGYPART NERS LP COMMON STOCK 570759100 5580 121452 SH SOLE 121452 0 0 MASTERCARD INC COMMON STOCK 57636Q104 318 1001 SH SOLE 1001 0 0 MCDONALDS CORP COMMON STOCK 580135101 364 4150 SH SOLE 4150 0 0 METLIFE INC COMMON STOCK 59156R108 764 27284 SH SOLE 27284 0 0 MICROSOFT CORP COMMON STOCK 594918104 457 18341 SH SOLE 18341 0 0 NATIONAL OILWELL VARCO INC COMMON STOCK 637071101 1334 26045 SH SOLE 26045 0 0 NAVIOS MARITIME PARTNERS L P COMMON STOCK Y62267102 4272 321192 SH SOLE 321192 0 0 NOVARTIS AG ADR COMMON STOCK 66987V109 392 7025 SH SOLE 7025 0 0 NUVEEN MULTI CURRENCYSHORT TERM COMMON STOCK 67090N109 268 20565 SH SOLE 20565 0 0 OIL SVC HOLDRS TR COMMON STOCK 678002106 237 2300 SH SOLE 2300 0 0 OILTANKING PARTNERS LP COMMON STOCK 678049107 4062 170045 SH SOLE 170045 0 0 ONEOK PARTNERS L P COMMON STOCK 68268N103 366 7846 SH SOLE 7846 0 0 OPEXA THERAPEUTICS INC COMMON STOCK 68372T103 59 52925 SH SOLE 52925 0 0 ORACLE CORP COMMON STOCK 68389X105 323 11225 SH SOLE 11225 0 0 OXFORD RESOURCE PARTNERS LP COMMON STOCK 691807101 1565 104088 SH SOLE 104088 0 0 PARKER DRILLING CO COMMON STOCK 701081101 5645 1285831 SH SOLE 1285831 0 0 PARKWAY PROPERTIES INC COMMON STOCK 70159Q104 179 16240 SH SOLE 16240 0 0 PATTERSON-UTI ENERGY COMMON STOCK 703481101 303 17500 SH SOLE 17500 0 0 PENN VA CORP COMMON STOCK 707882106 61 10936 SH SOLE 10936 0 0 PENN VA RESOURCE PARTNERS L P COMMON STOCK 707884102 4738 202567 SH SOLE 202567 0 0 PEPSICO INC COMMON STOCK 713448108 2011 32484 SH SOLE 32484 0 0 PEREGRINE PHARMACEUTICALS INC COMMON STOCK 713661304 22 20000 SH SOLE 20000 0 0 PFIZER INC COMMON STOCK 717081103 1113 62953 SH SOLE 62953 0 0 PHILIP MORRIS INTERNATIONAL INC COMMON STOCK 718172109 1626 26066 SH SOLE 26066 0 0 PLAINS ALL AMERICAN PIPELINE COMMON STOCK 726503105 14552 246993 SH SOLE 246993 0 0 PNC FINANCIAL SERVICES GROUP COMMON STOCK 693475105 872 18096 SH SOLE 18096 0 0 PRAXAIR INC COMMON STOCK 74005P104 259 2775 SH SOLE 2775 0 0 PRECISION CASTPARTS CORP COMMON STOCK 740189105 233 1501 SH SOLE 1501 0 0 PROCTER & GAMBLE CO COMMON STOCK 742718109 2851 45129 SH SOLE 45129 0 0 PROSHARES SHORT S&P500 COMMON STOCK 74347R503 271 5869 SH SOLE 5869 0 0 PROSHARES TR II ULTRASHORT YEN COMMON STOCK 74347W858 207 15000 SH SOLE 15000 0 0 PROSHARES TR II ULTRASHORT EURO COMMON STOCK 74347W882 308 16000 SH SOLE 16000 0 0 PROSHARES TR ULTRA 20+ YRTRSRY COMMON STOCK 74347R172 400 3000 SH SOLE 3000 0 0 PROSHARES ULTRA S&P500 COMMON STOCK 74347R107 285 7500 SH SOLE 7500 0 0 PROSPERITY BANCSHARES INC COMMON STOCK 743606105 486 14871 SH SOLE 14871 0 0 PUTNAM PREMIER INC TR COMMON STOCK 746853100 298 557 SH SOLE 557 0 0 QUALCOMM INC COMMON STOCK 747525103 1363 28028 SH SOLE 28028 0 0 RANDGOLD RESOURCES ADSEACH COMMON STOCK 752344309 246 2545 SH SOLE 2545 0 0 REGENCY ENERGY PARTN ERS LP COMMON STOCK 75885Y107 4497 200761 SH SOLE 200761 0 0 ROCKWELL COLLINS INC COMMON STOCK 774341101 205 3878 SH SOLE 3878 0 0 ROYAL DUTCH SHELL PLC ADR COMMON STOCK 780259206 1175 19101 SH SOLE 19101 0 0 ROYAL GOLD INC COMMON STOCK 780287108 303 4736 SH SOLE 4736 0 0 SARATOGA RES INC TEX COMMON STOCK 803521103 869 170000 SH SOLE 170000 0 0 SCHLUMBERGER LIMITED COMMON STOCK 806857108 1229 20581 SH SOLE 20581 0 0 SIMON PROPERTY GROUP INC COMMON STOCK 828806109 1185 10774 SH SOLE 10774 0 0 SOUTHWEST AIRLNS CO COMMON STOCK 844741108 83 10325 SH SOLE 10325 0 0 SOVRAN SELF STORAGE INC COMMON STOCK 84610H108 604 16242 SH SOLE 16242 0 0 SPDR GOLD TR GOLD SHS COMMON STOCK 78463V107 6754 42730 SH SOLE 42730 0 0 SPDR S&P 500 ETF TRUSTUNIT SER 1 COMMON STOCK 78462F103 465 4111 SH SOLE 4111 0 0 SPECTRA ENERGY PARTNERS LP COMMON STOCK 84756N109 6953 246445 SH SOLE 246445 0 0 SPROTT PHYSICAL GOLD TRUSTUNITS COMMON STOCK 85207H104 439 31325 SH SOLE 31325 0 0 STARWOOD HOTELS & RESORTS COMMON STOCK 85590A401 250 6445 SH SOLE 6445 0 0 STARWOOD PPTY TR INC COMMON STOCK 85571B105 508 29587 SH SOLE 29587 0 0 SUNCOR ENERGY COM NPV NEW COMMON STOCK 867224107 358 14069 SH SOLE 14069 0 0 SUNOCO LOGISTICS PAR TNERS LP COMMON STOCK 86764L108 7226 81658 SH SOLE 81658 0 0 SYNOVUS FINL CORP COMMON STOCK 87161C105 193 180000 SH SOLE 180000 0 0 T C PIPELINES COMMON STOCK 87233Q108 496 11315 SH SOLE 11315 0 0 TARGA RESOURCES INVESTMENTS COMMON STOCK 87612G101 34993 1176226 SH SOLE 1176226 0 0 TARGA RESOURCES PARTNERS LP COMMON STOCK 87611X105 12418 377659 SH SOLE 377659 0 0 TARGET CORP COMMON STOCK 87612E106 989 20158 SH SOLE 20158 0 0 TEEKAY LNG PARTNERS LP COMMON STOCK Y8564M105 8267 265658 SH SOLE 265658 0 0 TEEKAY OFFSHORE PARTNERS COMMON STOCK Y8565J101 4058 165103 SH SOLE 165103 0 0 TEMPLETON GLOBAL INCOMEFD INC COMMON STOCK 880198106 392 41460 SH SOLE 41460 0 0 TERADATA CORP DEL COMMON STOCK 88076W103 322 6024 SH SOLE 6024 0 0 TESORO LOGISTICS LP COMMON STOCK 88160T107 4700 197328 SH SOLE 197328 0 0 TEXAS CAP BANCSHARES INC COMMON STOCK 88224Q107 256 11200 SH SOLE 11200 0 0 THE MACERICH CO COMMON STOCK 554382101 662 15529 SH SOLE 15529 0 0 TORTOISE MLP FUND INC COMMON STOCK 89148B101 354 15682 SH SOLE 15682 0 0 TRANSOCEAN LTD COMMON STOCK H8817H100 661 13840 SH SOLE 13840 0 0 UDR INC COMMON STOCK 902653104 578 26116 SH SOLE 26116 0 0 UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 202 2878 SH SOLE 2878 0 0 VANGUARD EMERGING MARKETS COMMON STOCK 922042858 6537 182454 SH SOLE 182454 0 0 VANGUARD REIT VIPERS COMMON STOCK 922908553 486 9552 SH SOLE 9552 0 0 VENTAS INC COMMON STOCK 92276F100 390 7894 SH SOLE 7894 0 0 VERIZON COMMUNICATIONS COMMON STOCK 92343V104 1497 40691 SH SOLE 40691 0 0 VORNADO REALTY TRUST COMMON STOCK 929042109 660 8849 SH SOLE 8849 0 0 WAL-MART STORES INC COMMON STOCK 931142103 414 7986 SH SOLE 7986 0 0 WEATHERFORD INTERNATIONAL LTD COMMON STOCK H27013103 259 21244 SH SOLE 21244 0 0 WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 546 25773 SH SOLE 25773 0 0 WELLS FARGO & CO NEW WTEXP COMMON STOCK 949746119 116 15000 SH SOLE 15000 0 0 WESTERN GAS PARTNERS LP COM ST COMMON STOCK 958254104 8479 251086 SH SOLE 251086 0 0 WILLIAMS PARTNERS LP TULSA O C COMMON STOCK 96950F104 4100 75589 SH SOLE 75589 0 0 WISDOMTREE EMERGING MARKETS LOC COMMON STOCK 97717X867 16533 343658 SH SOLE 343658 0 0 YAMANA GOLD INC COM NPV COMMON STOCK 98462Y100 239 17532 SH SOLE 17532 0 0 ZIONS BANCORP COMMON STOCK 989701107 226 16044 SH SOLE 16044 0 0