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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
-1.91%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$472M
AUM Growth
+$33.1M
(+7.5%)
Cap. Flow
+$44.7M
Cap. Flow
% of AUM
9.46%
Top 10 Holdings %
Top 10 Hldgs %
61.95%
Holding
37
New
9
Increased
13
Reduced
1
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Consolidated Edison
ED
|
+$23M |
| 2 |
CenterPoint Energy
CNP
|
+$21.1M |
| 3 |
HTO
H2O America
HTO
|
+$18M |
| 4 |
Entergy
ETR
|
+$17M |
| 5 |
Vistra
VST
|
+$16.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL
PPL Corp
PPL
|
+$23.5M |
| 2 |
Sempra
SRE
|
+$21.1M |
| 3 |
American Electric Power
AEP
|
+$20.3M |
| 4 |
Alliant Energy
LNT
|
+$20.1M |
| 5 |
Ameren
AEE
|
+$17.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 88.77% |
| 2 | Energy | 11.23% |
| 3 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
American Electric Power
AEP
$66.6B
| – | – |
-286,379
| Closed | -$20.3M |
|
27
Black Hills Corp
BKH
$5.55B
| – | – |
-148,480
| Closed | -$8.63M |
|
28
Cheniere Energy
LNG
$58.3B
| – | – |
-184,852
| Closed | -$12.8M |
|
|
29
Alliant Energy
LNT
$17.6B
| – | – |
-472,334
| Closed | -$20.1M |
|
30
NRG Energy
NRG
$23.4B
| – | – |
-376,755
| Closed | -$14.1M |
|
31
OGE Energy
OGE
$9.45B
| – | – |
-359,235
| Closed | -$13M |
|
|
PPL
32
PPL Corp
PPL
$25.7B
| – | – |
-802,048
| Closed | -$23.5M |
|
33
Spire
SR
$4.88B
| – | – |
-180,482
| Closed | -$13.3M |
|
|
34
Sempra
SRE
$55.1B
| – | – |
-370,290
| Closed | -$21.1M |
|
|
SJI
35
DELISTED
South Jersey Industries, Inc.
SJI
| – | – |
-231,974
| Closed | -$8.18M |
|
|
PEGI
36
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| – | – |
-243,197
| Closed | -$4.83M |
|
|
HIFR
37
DELISTED
InfraREIT, Inc.
HIFR
| – | – |
-191,536
| Closed | -$4.05M |
|
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Blackstart Capital's Q4 2018 Portfolio in Review
As of Q4 2018, Blackstart Capital held 37 positions worth $472M, up 7.5% from $439M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Blackstart Capital deployed $44.7M of net new capital in Q4 2018, opening 9 new positions and adding to 13 existing holdings. Its largest new stake was Consolidated Edison: 294,568 shares worth $22.5M.
By sector, the portfolio is most concentrated in Utilities at 89% of assets, up from 88% a quarter earlier, followed by Energy and Real Estate.
On the sell side, the largest reduction was Dominion Energy, an estimated $563K trimmed.
- Blackstart Capital's largest Q4 2018 buy was Consolidated Edison: 294,568 shares worth $22.5M.
- Blackstart Capital added most to CenterPoint Energy in Q4 2018, an estimated $21.1M increase.
- Blackstart Capital's biggest Q4 2018 reduction was Dominion Energy, cutting an estimated $563K.
- Blackstart Capital fully exited PPL Corp in Q4 2018, selling an estimated $23.5M.
- Blackstart Capital's ten largest holdings make up 62% of its $472M portfolio in Q4 2018.
- Blackstart Capital opened 9 new positions and closed 13 in Q4 2018.
- Blackstart Capital's portfolio value rose 7.5% quarter-over-quarter to $472M.
Based on Blackstart Capital's 13F filing for Q4 2018, filed 14 Feb 2019.