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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
+0.9%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$251M
AUM Growth
-$6.75M
(-2.6%)
Cap. Flow
-$9.7M
Cap. Flow
% of AUM
-3.86%
Top 10 Holdings %
Top 10 Hldgs %
57.52%
Holding
39
New
13
Increased
4
Reduced
12
Closed
10
Avg Time Held
1.3
quarters
Top 10 Avg Time Held
1.1
quarters
Top 20 Avg Time Held
1.2
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
UGI
UGI
|
+$11.7M |
| 2 |
PPL Corp
PPL
|
+$11.3M |
| 3 |
Duke Energy
DUK
|
+$10.8M |
| 4 |
CMS Energy
CMS
|
+$8.13M |
| 5 |
Alliant Energy
LNT
|
+$8.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dominion Energy
D
|
+$16M |
| 2 |
El Paso Electric Company
EE
|
+$14.1M |
| 3 |
Southern Company
SO
|
+$11.7M |
| 4 |
Public Service Enterprise Group
PEG
|
+$9.22M |
| 5 |
Kinder Morgan
KMI
|
+$8.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 92.61% |
| 2 | Energy | 4.53% |
| 3 | Industrials | 1.86% |
| 4 | Real Estate | 1.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Chesapeake Utilities
CPK
$3.28B
| $2.71M | 1.08% |
34,502
-498
| -1% | -$40.2K |
2017 Q3
1 quarter
|
|
27
Hawaiian Electric Industries
HE
$1.48B
| $2.6M | 1.04% |
+71,920
| New | +$2.6M |
2017 Q4
0 quarters
|
|
|
HIFR
28
DELISTED
InfraREIT, Inc.
HIFR
| $2.53M | 1.01% |
136,245
-13,001
| -9% | -$276K |
2017 Q1
3 quarters
|
|
29
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| $291K | 0.12% |
+4,689
| New | +$308K |
2017 Q4
0 quarters
|
|
|
30
Dominion Energy
D
$54.8B
| – | – |
-208,020
| Closed | -$16M | – |
|
|
31
Kinder Morgan
KMI
$74.4B
| – | – |
-441,823
| Closed | -$8.47M | – |
|
|
32
Public Service Enterprise Group
PEG
$35.1B
| – | – |
-199,451
| Closed | -$9.22M | – |
|
33
TXNM Energy Inc
TXNM
$6.45B
| – | – |
-128,141
| Closed | -$5.16M | – |
|
|
SJI
34
DELISTED
South Jersey Industries, Inc.
SJI
| – | – |
-75,000
| Closed | -$2.59M | – |
|
|
CBI
35
DELISTED
Chicago Bridge & Iron Nv
CBI
| – | – |
-160,000
| Closed | -$2.69M | – |
|
|
CPN
36
DELISTED
Calpine Corporation
CPN
| – | – |
-68,600
| Closed | -$1.01M | – |
|
|
CQH
37
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| – | – |
-51,153
| Closed | -$1.28M | – |
|
38
DELISTED
Westar Energy Inc
WR
| – | – |
-128,165
| Closed | -$6.36M | – |
|
|
39
DELISTED
El Paso Electric Company
EE
| – | – |
-255,735
| Closed | -$14.1M | – |
|
Similar funds
JT
LI
SCM
SC
CCM
HF
CCM
LM
Blackstart Capital's Q4 2017 Portfolio in Review
As of Q4 2017, Blackstart Capital held 39 positions worth $251M, down 2.6% from $258M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Blackstart Capital withdrew a net $9.7M in Q4 2017, closing 10 positions and reducing 12 holdings. Its most notable exit was Dominion Energy, an estimated $16M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 93% of assets, up from 92% a quarter earlier, followed by Energy and Industrials.
Against the trend, Blackstart Capital opened a new position in UGI worth $11.5M.
- Blackstart Capital's largest Q4 2017 buy was UGI: 245,516 shares worth $11.5M.
- Blackstart Capital added most to Exelon in Q4 2017, an estimated $7.16M increase.
- Blackstart Capital's biggest Q4 2017 reduction was Southern Company, cutting an estimated $11.7M.
- Blackstart Capital fully exited Dominion Energy in Q4 2017, selling an estimated $16M.
- Blackstart Capital's ten largest holdings make up 58% of its $251M portfolio in Q4 2017.
- Blackstart Capital opened 13 new positions and closed 10 in Q4 2017.
- Blackstart Capital's portfolio value fell 2.6% quarter-over-quarter to $251M.
Based on Blackstart Capital's 13F filing for Q4 2017, filed 14 Feb 2018.