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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
+5.53%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$409M
AUM Growth
+$111M
(+37%)
Cap. Flow
+$94.9M
Cap. Flow
% of AUM
23.21%
Top 10 Holdings %
Top 10 Hldgs %
53.71%
Holding
45
New
15
Increased
12
Reduced
6
Closed
12
Avg Time Held Equity + Options
1.4
quarters
Top 10 Avg Time Held Equity + Options
0.7
quarters
Top 20 Avg Time Held Equity + Options
0.8
quarters
Avg Time Held Equity only
1.5
quarters
Top 10 Avg Time Held Equity only
0.7
quarters
Top 20 Avg Time Held Equity only
0.8
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Evergy
EVRG
|
+$22.5M |
| 2 |
Sempra
SRE
|
+$22.1M |
| 3 |
Duke Energy
DUK
|
+$21.4M |
| 4 |
Dominion Energy
D
|
+$21.4M |
| 5 |
Ameren
AEE
|
+$17.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GXP
Great Plains Energy Incorporated
GXP
|
+$19.1M |
| 2 |
VVC
Vectren Corporation
VVC
|
+$16.1M |
| 3 |
PG&E
PCG
|
+$14.4M |
| 4 |
AES
AES
|
+$12.7M |
| 5 |
UGI
UGI
|
+$12.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 87.05% |
| 2 | Energy | 12.06% |
| 3 | Real Estate | 0.83% |
| 4 | Miscellaneous | 0.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Vistra
VST
$54.5B
| $6.42M | 1.57% |
+271,510
| New | +$6.24M |
2018 Q2
0 quarters
|
|
|
PEGI
27
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $6.21M | 1.52% |
331,456
+83,111
| +33% | +$1.51M |
2018 Q1
1 quarter
|
|
28
Edison International
EIX
$21.3B
| $5.84M | 1.43% |
92,246
-37,929
| -29% | -$2.37M |
2018 Q1
1 quarter
|
|
29
Clearway Energy Class C
CWEN
$3.69B
| $5.74M | 1.4% |
+333,710
| New | +$5.84M |
2018 Q2
0 quarters
|
|
30
Golar LNG
GLNG
$4.9B
| $3.81M | 0.93% |
129,412
-97,621
| -43% | -$2.96M |
2016 Q4
6 quarters
|
|
|
HIFR
31
DELISTED
InfraREIT, Inc.
HIFR
| $3.41M | 0.83% |
153,990
-209,315
| -58% | -$4.39M |
2017 Q1
5 quarters
|
|
32
DELISTED
Tellurian Inc.
TELL
| $2.29M | 0.56% |
+274,978
| New | +$2.75M |
2018 Q2
0 quarters
|
|
|
33
CALL
PG&E
PCG
$40B
| $215K | 0.05% |
+141,100
| New | +$6.12M |
2018 Q2
0 quarters
|
|
|
34
AES
AES
$10.7B
| – | – |
-1,118,741
| Closed | -$12.7M | – |
|
35
CenterPoint Energy
CNP
$25.9B
| – | – |
-282,927
| Closed | -$7.75M | – |
|
36
EQT Corp
EQT
$34B
| – | – |
-319,531
| Closed | -$8.26M | – |
|
37
Exelon
EXC
$43.6B
| – | – |
-395,977
| Closed | -$11M | – |
|
38
CALL
FirstEnergy
FE
$26.2B
| – | – |
-201,500
| Closed | -$454K | – |
|
39
New Jersey Resources
NJR
$5.26B
| – | – |
-165,315
| Closed | -$6.63M | – |
|
|
40
PG&E
PCG
$40B
| – | – |
-332,700
| Closed | -$14.4M | – |
|
|
41
UGI
UGI
$8.08B
| – | – |
-280,273
| Closed | -$12.4M | – |
|
|
VVC
42
DELISTED
Vectren Corporation
VVC
| – | – |
-252,078
| Closed | -$16.1M | – |
|
|
SCG
43
DELISTED
Scana
SCG
| – | – |
-81,941
| Closed | -$3.08M | – |
|
|
GXP
44
DELISTED
Great Plains Energy Incorporated
GXP
| – | – |
-601,256
| Closed | -$19.1M | – |
|
45
DELISTED
Dynegy, Inc.
DYN
| – | – |
-375,000
| Closed | -$5.07M | – |
|
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Blackstart Capital's Q2 2018 Portfolio in Review
As of Q2 2018, Blackstart Capital held 45 positions worth $409M, up 37% from $298M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Blackstart Capital deployed $94.9M of net new capital in Q2 2018, opening 15 new positions and adding to 12 existing holdings. Its largest new stake was Evergy: 420,956 shares worth $23.6M.
By sector, the portfolio is most concentrated in Utilities at 87% of assets, down from 91% a quarter earlier, followed by Energy and Real Estate.
On the sell side, the largest reduction was NRG Energy, an estimated $9.56M trimmed.
- Blackstart Capital's largest Q2 2018 buy was Evergy: 420,956 shares worth $23.6M.
- Blackstart Capital added most to Dominion Energy in Q2 2018, an estimated $21.4M increase.
- Blackstart Capital's biggest Q2 2018 reduction was NRG Energy, cutting an estimated $9.56M.
- Blackstart Capital fully exited Great Plains Energy Incorporated in Q2 2018, selling an estimated $19.1M.
- Blackstart Capital's ten largest holdings make up 54% of its $409M portfolio in Q2 2018.
- Blackstart Capital opened 15 new positions and closed 12 in Q2 2018.
- Blackstart Capital's portfolio value rose 37% quarter-over-quarter to $409M.
Based on Blackstart Capital's 13F filing for Q2 2018, filed 14 Aug 2018.