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Blackstart Capital Portfolio holdings
AUM
$151M
1-Year Est. Return
14.01%
This Fund
S&P 500
This Quarter
Est. Return
+5.6%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$203M
AUM Growth
+$42.9M
(+27%)
Cap. Flow
+$34.2M
Cap. Flow
% of AUM
16.87%
Top 10 Holdings %
Top 10 Hldgs %
60.59%
Holding
35
New
13
Increased
9
Reduced
5
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AES
AES
|
+$12.9M |
| 2 |
Xcel Energy
XEL
|
+$12.1M |
| 3 |
Exelon
EXC
|
+$11.2M |
| 4 |
WR
Westar Energy Inc
WR
|
+$10.1M |
| 5 |
Dominion Energy
D
|
+$7.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SCG
Scana
SCG
|
+$13.4M |
| 2 |
GXP
Great Plains Energy Incorporated
GXP
|
+$12M |
| 3 |
NextEra Energy
NEE
|
+$9.08M |
| 4 |
OGE Energy
OGE
|
+$9.04M |
| 5 |
Black Hills Corp
BKH
|
+$8.21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 90.63% |
| 2 | Energy | 4.82% |
| 3 | Real Estate | 3.45% |
| 4 | Industrials | 1.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TXNM
26
TXNM Energy Inc
TXNM
$5.94B
| $2.04M | 1% |
55,000
-70,250
| -56% | -$2.48M |
|
|
VIA
27
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| $1.16M | 0.57% |
+14,480
| New | +$1.02M |
|
28
Atmos Energy
ATO
$28.2B
| – | – |
-25,454
| Closed | -$1.89M |
|
|
29
NextEra Energy
NEE
$171B
| – | – |
-304,124
| Closed | -$9.08M |
|
|
30
OGE Energy
OGE
$9.45B
| – | – |
-270,168
| Closed | -$9.04M |
|
31
WEC Energy
WEC
$34.6B
| – | – |
-79,282
| Closed | -$4.65M |
|
|
PEGI
32
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| – | – |
-177,500
| Closed | -$3.37M |
|
|
SCG
33
DELISTED
Scana
SCG
| – | – |
-183,469
| Closed | -$13.4M |
|
|
GXP
34
DELISTED
Great Plains Energy Incorporated
GXP
| – | – |
-437,073
| Closed | -$12M |
|
|
DYN
35
DELISTED
Dynegy, Inc.
DYN
| – | – |
-848,042
| Closed | -$7.17M |
|
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Blackstart Capital's Q1 2017 Portfolio in Review
As of Q1 2017, Blackstart Capital held 35 positions worth $203M, up 27% from $160M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Blackstart Capital deployed $34.2M of net new capital in Q1 2017, opening 13 new positions and adding to 9 existing holdings. Its largest new stake was AES: 1,126,123 shares worth $12.6M.
By sector, the portfolio is most concentrated in Utilities at 91% of assets, down from 95% a quarter earlier, followed by Energy and Real Estate.
On the sell side, the largest reduction was Black Hills Corp, an estimated $8.21M trimmed.
- Blackstart Capital's largest Q1 2017 buy was AES: 1,126,123 shares worth $12.6M.
- Blackstart Capital added most to Exelon in Q1 2017, an estimated $11.2M increase.
- Blackstart Capital's biggest Q1 2017 reduction was Black Hills Corp, cutting an estimated $8.21M.
- Blackstart Capital fully exited Scana in Q1 2017, selling an estimated $13.4M.
- Blackstart Capital's ten largest holdings make up 61% of its $203M portfolio in Q1 2017.
- Blackstart Capital opened 13 new positions and closed 8 in Q1 2017.
- Blackstart Capital's portfolio value rose 27% quarter-over-quarter to $203M.
Based on Blackstart Capital's 13F filing for Q1 2017, filed 12 May 2017.