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Blackstart Capital Portfolio holdings
AUM
$151M
Turnover
60.71%
1-Year Est. Return
14.01%
This Fund
S&P 500
This Quarter
Est. Return
-2.68%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$298M
AUM Growth
+$47.5M
(+19%)
Cap. Flow
+$50.4M
Cap. Flow
% of AUM
16.9%
Top 10 Holdings %
Top 10 Hldgs %
58.28%
Holding
39
New
10
Increased
13
Reduced
7
Closed
9
Avg Time Held Equity + Options
0.4
years
Top 10 Avg Time Held Equity + Options
0.3
years
Top 20 Avg Time Held Equity + Options
0.3
years
Avg Time Held Equity only
0.4
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$21.7M |
| 2 |
FirstEnergy
FE
|
+$14.5M |
| 3 |
PPL Corp
PPL
|
+$13.4M |
| 4 |
PG&E
PCG
|
+$8.05M |
| 5 |
Edison International
EIX
|
+$8.02M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Water Works
AWK
|
+$19M |
| 2 |
Duke Energy
DUK
|
+$10.4M |
| 3 |
NRG Energy
NRG
|
+$8.88M |
| 4 |
CMS Energy
CMS
|
+$7.94M |
| 5 |
Clearway Energy Class C
CWEN
|
+$7.88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 90.65% |
| 2 | Energy | 6.83% |
| 3 | Real Estate | 2.37% |
| 4 | Miscellaneous | 0.15% |
| 5 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
XPLR Infrastructure LP
XIFR
$926M
| $4.92M | 1.65% |
+123,092
| New | +$4.98M |
2018 Q1
0 quarters
|
|
|
PEGI
27
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $4.29M | 1.44% |
+248,345
| New | +$4.83M |
2018 Q1
0 quarters
|
|
28
Black Hills Corp
BKH
$5.79B
| $3.18M | 1.06% |
58,500
-96,807
| -62% | -$5.18M |
2016 Q4
5 quarters
|
|
|
SCG
29
DELISTED
Scana
SCG
| $3.08M | 1.03% |
81,941
-60,880
| -43% | -$2.44M |
2017 Q4
1 quarter
|
|
|
30
CALL
FirstEnergy
FE
$26.4B
| $454K | 0.15% |
+201,500
| New | +$6.47M |
2018 Q1
0 quarters
|
|
|
31
American Water Works
AWK
$26.4B
| – | – |
-207,622
| Closed | -$19M | – |
|
|
32
CMS Energy
CMS
$21B
| – | – |
-167,845
| Closed | -$7.94M | – |
|
33
Chesapeake Utilities
CPK
$3.3B
| – | – |
-34,502
| Closed | -$2.71M | – |
|
|
34
Clearway Energy Class C
CWEN
$3.63B
| – | – |
-417,209
| Closed | -$7.88M | – |
|
|
35
Duke Energy
DUK
$92.7B
| – | – |
-123,702
| Closed | -$10.4M | – |
|
36
NiSource
NI
$19.8B
| – | – |
-300,000
| Closed | -$7.7M | – |
|
37
Southern Company
SO
$103B
| – | – |
-160,320
| Closed | -$7.71M | – |
|
38
DELISTED
TPI Composites
TPIC
| – | – |
-228,136
| Closed | -$4.67M | – |
|
39
DELISTED
SEMGROUP CORPORATION
SEMG
| – | – |
-100,000
| Closed | -$3.02M | – |
|
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Blackstart Capital's Q1 2018 Portfolio in Review
As of Q1 2018, Blackstart Capital held 39 positions worth $298M, up 19% from $251M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Blackstart Capital deployed $50.4M of net new capital in Q1 2018, opening 10 new positions and adding to 13 existing holdings. Its largest new stake was American Electric Power: 322,268 shares worth $22.1M.
By sector, the portfolio is most concentrated in Utilities at 91% of assets, down from 93% a quarter earlier, followed by Energy and Real Estate.
On the sell side, the largest reduction was NRG Energy, an estimated $8.88M trimmed.
- Blackstart Capital's largest Q1 2018 buy was American Electric Power: 322,268 shares worth $22.1M.
- Blackstart Capital added most to PPL Corp in Q1 2018, an estimated $13.4M increase.
- Blackstart Capital's biggest Q1 2018 reduction was NRG Energy, cutting an estimated $8.88M.
- Blackstart Capital fully exited American Water Works in Q1 2018, selling an estimated $19M.
- Blackstart Capital's ten largest holdings make up 58% of its $298M portfolio in Q1 2018.
- Blackstart Capital opened 10 new positions and closed 9 in Q1 2018.
- Blackstart Capital's portfolio value rose 19% quarter-over-quarter to $298M.
Based on Blackstart Capital's 13F filing for Q1 2018, filed 15 May 2018.