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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
-0.47%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$249M
AUM Growth
+$46.1M
(+23%)
Cap. Flow
+$47M
Cap. Flow
% of AUM
18.86%
Top 10 Holdings %
Top 10 Hldgs %
51.16%
Holding
37
New
10
Increased
12
Reduced
6
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Water Works
AWK
|
+$13.1M |
| 2 |
Entergy
ETR
|
+$12.7M |
| 3 |
Dominion Energy
D
|
+$10.1M |
| 4 |
SEMG
SEMGROUP CORPORATION
SEMG
|
+$9.97M |
| 5 |
SCG
Scana
SCG
|
+$9.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$15.7M |
| 2 |
AES
AES
|
+$12.6M |
| 3 |
Duke Energy
DUK
|
+$7.7M |
| 4 |
Williams Companies
WMB
|
+$7.49M |
| 5 |
ALE
Allete
ALE
|
+$5.88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 89.9% |
| 2 | Energy | 8.88% |
| 3 | Real Estate | 1.22% |
| 4 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Golar LNG
GLNG
$5.13B
| $4.41M | 1.77% |
196,719
+114,662
| +140% | +$2.88M |
|
|
HIFR
27
DELISTED
InfraREIT, Inc.
HIFR
| $3.04M | 1.22% |
158,048
-231,028
| -59% | -$4.4M |
|
|
CQH
28
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $1.21M | 0.49% |
+44,870
| New | +$1.15M |
|
|
29
AES
AES
$10.5B
| – | – |
-1,126,123
| Closed | -$12.6M |
|
|
ALE
30
DELISTED
Allete
ALE
| – | – |
-86,891
| Closed | -$5.88M |
|
31
CMS Energy
CMS
$21.4B
| – | – |
-125,098
| Closed | -$5.6M |
|
|
32
Exelon
EXC
$45.3B
| – | – |
-610,347
| Closed | -$15.7M |
|
33
Southern Company
SO
$102B
| – | – |
-98,705
| Closed | -$4.91M |
|
|
34
Williams Companies
WMB
$90.2B
| – | – |
-253,002
| Closed | -$7.49M |
|
|
TXNM
35
TXNM Energy Inc
TXNM
$5.94B
| – | – |
-55,000
| Closed | -$2.04M |
|
|
VIA
36
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| – | – |
-14,480
| Closed | -$1.16M |
|
|
GLOG
37
DELISTED
GASLOG LTD
GLOG
| – | – |
-145,120
| Closed | -$2.23M |
|
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Blackstart Capital's Q2 2017 Portfolio in Review
As of Q2 2017, Blackstart Capital held 37 positions worth $249M, up 23% from $203M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Blackstart Capital deployed $47M of net new capital in Q2 2017, opening 10 new positions and adding to 12 existing holdings. Its largest new stake was American Water Works: 166,209 shares worth $13M.
By sector, the portfolio is most concentrated in Utilities at 90% of assets, down from 91% a quarter earlier, followed by Energy and Real Estate.
On the sell side, the largest reduction was Duke Energy, an estimated $7.7M trimmed.
- Blackstart Capital's largest Q2 2017 buy was American Water Works: 166,209 shares worth $13M.
- Blackstart Capital added most to Dominion Energy in Q2 2017, an estimated $10.1M increase.
- Blackstart Capital's biggest Q2 2017 reduction was Duke Energy, cutting an estimated $7.7M.
- Blackstart Capital fully exited Exelon in Q2 2017, selling an estimated $15.7M.
- Blackstart Capital's ten largest holdings make up 51% of its $249M portfolio in Q2 2017.
- Blackstart Capital opened 10 new positions and closed 9 in Q2 2017.
- Blackstart Capital's portfolio value rose 23% quarter-over-quarter to $249M.
Based on Blackstart Capital's 13F filing for Q2 2017, filed 11 Aug 2017.