We are live on ! Find out more
BC

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
Cap. Flow
-$9.7M
Cap. Flow %
-3.86%
Top 10 Hldgs %
57.52%
Holding
39
New
13
Increased
4
Reduced
12
Closed
10

Top Buys

Rank Stock Value
1
UGI icon
UGI
UGI
+$11.7M
2
PPL
PPL Corp
PPL
+$11.3M
3
DUK icon
Duke Energy
DUK
+$10.8M
4
CMS icon
CMS Energy
CMS
+$8.13M
5
LNT icon
Alliant Energy
LNT
+$8.12M

Top Sells

Rank Stock Value
1
D icon
Dominion Energy
D
+$16M
2
EE
El Paso Electric Company
EE
+$14.1M
3
SO icon
Southern Company
SO
+$11.7M
4
PEG icon
Public Service Enterprise Group
PEG
+$9.22M
5
KMI icon
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
CPK icon
26
Chesapeake Utilities
CPK
$3.2B
$2.71M 1.08%
34,502
-498
-1% -$40.2K
HE icon
27
Hawaiian Electric Industries
HE
$1.97B
$2.6M 1.04%
+71,920
New +$2.6M
HIFR
28
DELISTED
InfraREIT, Inc.
HIFR
$2.53M 1.01%
136,245
-13,001
-9% -$276K
VIA
29
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
$291K 0.12%
+4,689
New +$308K
D icon
30
Dominion Energy
D
$57.7B
– –
-208,020
Closed -$16M
KMI icon
31
Kinder Morgan
KMI
$70.3B
– –
-441,823
Closed -$8.47M
PEG icon
32
Public Service Enterprise Group
PEG
$36.5B
– –
-199,451
Closed -$9.22M
TXNM
33
TXNM Energy Inc
TXNM
$5.94B
– –
-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
WR
38
DELISTED
Westar Energy Inc
WR
– –
-128,165
Closed -$6.36M
EE
39
DELISTED
El Paso Electric Company
EE
– –
-255,735
Closed -$14.1M
1
2

Similar funds

JT
Jump Trading Chicago, Illinois $150M AUM 17.61% 1-Year Est. Return
LI
Leap Investments Chicago, Illinois $152M AUM 3.6% 1-Year Est. Return
SCM
Stellar Capital Management Phoenix, Arizona $147M AUM 5.91% 1-Year Est. Return
SC
Stralem & Co New York $157M AUM 4.29% 1-Year Est. Return
CCM
Cloverdale Capital Management Dallas, Texas $135M AUM 13.89% 1-Year Est. Return
HF
Hellman & Friedman San Francisco, California $169M AUM
CCM
Castine Capital Management Boston, Massachusetts $129M AUM 23.45% 1-Year Est. Return
LM
Legg Mason Baltimore, Maryland $127M AUM 6.76% 1-Year Est. Return

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.