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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
+1.79%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$439M
AUM Growth
+$29.9M
(+7.3%)
Cap. Flow
+$23.1M
Cap. Flow
% of AUM
5.26%
Top 10 Holdings %
Top 10 Hldgs %
52.4%
Holding
36
New
3
Increased
14
Reduced
11
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NiSource
NI
|
+$31.9M |
| 2 |
Public Service Enterprise Group
PEG
|
+$23.1M |
| 3 |
CenterPoint Energy
CNP
|
+$16.2M |
| 4 |
TELL
Tellurian Inc.
TELL
|
+$12.5M |
| 5 |
PPL
PPL Corp
PPL
|
+$7.92M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EE
El Paso Electric Company
EE
|
+$17.8M |
| 2 |
Duke Energy
DUK
|
+$14.9M |
| 3 |
Kinder Morgan
KMI
|
+$9.25M |
| 4 |
SJI
South Jersey Industries, Inc.
SJI
|
+$7.85M |
| 5 |
TXNM
TXNM Energy Inc
TXNM
|
+$7.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 87.75% |
| 2 | Energy | 11.33% |
| 3 | Real Estate | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VIA
26
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| $6.12M | 1.4% |
148,469
+9,344
| +7% | +$411K |
|
|
PEGI
27
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $4.83M | 1.1% |
243,197
-88,259
| -27% | -$1.7M |
|
|
HIFR
28
DELISTED
InfraREIT, Inc.
HIFR
| $4.05M | 0.92% |
191,536
+37,546
| +24% | +$797K |
|
29
Clearway Energy Class C
CWEN
$6.52B
| – | – |
-333,710
| Closed | -$5.74M |
|
30
Edison International
EIX
$27B
| – | – |
-92,246
| Closed | -$5.84M |
|
31
Golar LNG
GLNG
$5.13B
| – | – |
-129,412
| Closed | -$3.81M |
|
|
32
Kinder Morgan
KMI
$70.3B
| – | – |
-523,243
| Closed | -$9.25M |
|
33
CALL
PG&E
PCG
$36.6B
| – | – |
-141,100
| Closed | -$215K |
|
34
Vistra
VST
$46B
| – | – |
-271,510
| Closed | -$6.42M |
|
|
TXNM
35
TXNM Energy Inc
TXNM
$5.94B
| – | – |
-183,748
| Closed | -$7.15M |
|
|
EE
36
DELISTED
El Paso Electric Company
EE
| – | – |
-301,900
| Closed | -$17.8M |
|
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Blackstart Capital's Q3 2018 Portfolio in Review
As of Q3 2018, Blackstart Capital held 36 positions worth $439M, up 7.3% from $409M the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Blackstart Capital deployed $23.1M of net new capital in Q3 2018, opening 3 new positions and adding to 14 existing holdings. Its largest new stake was NiSource: 1,206,738 shares worth $30.1M.
By sector, the portfolio is most concentrated in Utilities at 88% of assets, up from 87% a quarter earlier, followed by Energy and Real Estate.
On the sell side, the largest reduction was Duke Energy, an estimated $14.9M trimmed.
- Blackstart Capital's largest Q3 2018 buy was NiSource: 1,206,738 shares worth $30.1M.
- Blackstart Capital added most to Tellurian Inc. in Q3 2018, an estimated $12.5M increase.
- Blackstart Capital's biggest Q3 2018 reduction was Duke Energy, cutting an estimated $14.9M.
- Blackstart Capital fully exited El Paso Electric Company in Q3 2018, selling an estimated $17.8M.
- Blackstart Capital's ten largest holdings make up 52% of its $439M portfolio in Q3 2018.
- Blackstart Capital opened 3 new positions and closed 8 in Q3 2018.
- Blackstart Capital's portfolio value rose 7.3% quarter-over-quarter to $439M.
Based on Blackstart Capital's 13F filing for Q3 2018, filed 14 Nov 2018.