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
+1.5%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$234M
AUM Growth
-$214M
(-48%)
Cap. Flow
-$215M
Cap. Flow
% of AUM
-92.26%
Top 10 Holdings %
Top 10 Hldgs %
70.62%
Holding
30
New
11
Increased
–
Reduced
11
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameren
AEE
|
+$11M |
| 2 |
NRG Energy
NRG
|
+$9.77M |
| 3 |
MDU Resources
MDU
|
+$8.97M |
| 4 |
Alliant Energy
LNT
|
+$8.63M |
| 5 |
UGI
UGI
|
+$6.42M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Public Service Enterprise Group
PEG
|
+$33.9M |
| 2 |
Xcel Energy
XEL
|
+$26.5M |
| 3 |
Evergy
EVRG
|
+$23.6M |
| 4 |
Vistra
VST
|
+$20.6M |
| 5 |
Entergy
ETR
|
+$18.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 88.97% |
| 2 | Energy | 5.72% |
| 3 | Technology | 2.84% |
| 4 | Industrials | 2.47% |
| 5 | Miscellaneous | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Public Service Enterprise Group
PEG
$36.5B
| – | – |
-570,060
| Closed | -$33.9M |
|
|
27
Vistra
VST
$46B
| – | – |
-790,341
| Closed | -$20.6M |
|
|
28
Xcel Energy
XEL
$47.8B
| – | – |
-470,604
| Closed | -$26.5M |
|
|
TELL
29
DELISTED
Tellurian Inc.
TELL
| – | – |
-1,626,467
| Closed | -$18.2M |
|
|
VIA
30
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| – | – |
-154,638
| Closed | -$6.89M |
|
Similar funds
JT
LI
SCM
SC
CCM
HF
CCM
LM
Blackstart Capital's Q2 2019 Portfolio in Review
As of Q2 2019, Blackstart Capital held 30 positions worth $234M, down 48% from $448M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Blackstart Capital withdrew a net $215M in Q2 2019, closing 8 positions and reducing 11 holdings. Its most notable exit was Public Service Enterprise Group, an estimated $33.9M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 89% of assets, down from 90% a quarter earlier, followed by Energy and Technology.
Against the trend, Blackstart Capital opened a new position in Ameren worth $11.2M.
- Blackstart Capital's largest Q2 2019 buy was Ameren: 148,653 shares worth $11.2M.
- Blackstart Capital's biggest Q2 2019 reduction was Evergy, cutting an estimated $23.6M.
- Blackstart Capital fully exited Public Service Enterprise Group in Q2 2019, selling an estimated $33.9M.
- Blackstart Capital's ten largest holdings make up 71% of its $234M portfolio in Q2 2019.
- Blackstart Capital opened 11 new positions and closed 8 in Q2 2019.
- Blackstart Capital's portfolio value fell 48% quarter-over-quarter to $234M.
Based on Blackstart Capital's 13F filing for Q2 2019, filed 14 Aug 2019.