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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
-0.09%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$229M
AUM Growth
+$39.1M
(+21%)
Cap. Flow
+$35.2M
Cap. Flow
% of AUM
15.37%
Top 10 Holdings %
Top 10 Hldgs %
62.08%
Holding
41
New
13
Increased
11
Reduced
3
Closed
13
Avg Time Held
0.3
years
Top 10 Avg Time Held
0.2
years
Top 20 Avg Time Held
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CenterPoint Energy
CNP
|
+$15M |
| 2 |
NiSource
NI
|
+$14.8M |
| 3 |
DTE Energy
DTE
|
+$14.6M |
| 4 |
Ameren
AEE
|
+$10.7M |
| 5 |
Allete
ALE
|
+$7.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southern Company
SO
|
+$13M |
| 2 |
NRG Energy
NRG
|
+$6.93M |
| 3 |
Entergy
ETR
|
+$6.4M |
| 4 |
XPLR Infrastructure LP
XIFR
|
+$6.38M |
| 5 |
Eversource Energy
ES
|
+$6.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 96.39% |
| 2 | Energy | 2.53% |
| 3 | Miscellaneous | 0.59% |
| 4 | Technology | 0.33% |
| 5 | Industrials | 0.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Enphase Energy
ENPH
$4.07B
| $383K | 0.17% |
+14,650
| New | +$333K |
2019 Q4
0 quarters
|
|
27
Generac Holdings
GNRC
$11.7B
| $377K | 0.16% |
+3,751
| New | +$349K |
2019 Q4
0 quarters
|
|
28
First Solar
FSLR
$19.2B
| $373K | 0.16% |
+6,665
| New | +$366K |
2019 Q4
0 quarters
|
|
29
Dominion Energy
D
$55.3B
| – | – |
-77,206
| Closed | -$6.26M | – |
|
|
30
Eversource Energy
ES
$24.9B
| – | – |
-73,211
| Closed | -$6.26M | – |
|
|
31
Entergy
ETR
$49.7B
| – | – |
-109,020
| Closed | -$6.4M | – |
|
32
SolarEdge
SEDG
$1.93B
| – | – |
-4,638
| Closed | -$388K | – |
|
33
H2O America
HTO
$2.4B
| – | – |
-91,490
| Closed | -$6.25M | – |
|
|
34
Southern Company
SO
$103B
| – | – |
-209,795
| Closed | -$13M | – |
|
35
DELISTED
TPI Composites
TPIC
| – | – |
-40,961
| Closed | -$768K | – |
|
36
Williams Companies
WMB
$84.7B
| – | – |
-32,345
| Closed | -$778K | – |
|
|
37
XPLR Infrastructure LP
XIFR
$926M
| – | – |
-120,669
| Closed | -$6.38M | – |
|
38
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| – | – |
-256,870
| Closed | -$6.19M | – |
|
39
DELISTED
Tellurian Inc.
TELL
| – | – |
-171,675
| Closed | -$1.43M | – |
|
|
JE
40
DELISTED
Just Energy Group Inc
JE
| – | – |
-33,819
| Closed | -$2.65M | – |
|
|
PEGI
41
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| – | – |
-227,622
| Closed | -$6.13M | – |
|
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Blackstart Capital's Q4 2019 Portfolio in Review
As of Q4 2019, Blackstart Capital held 41 positions worth $229M, up 21% from $190M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Blackstart Capital deployed $35.2M of net new capital in Q4 2019, opening 13 new positions and adding to 11 existing holdings. Its largest new stake was CenterPoint Energy: 553,065 shares worth $15.1M.
By sector, the portfolio is most concentrated in Utilities at 96% of assets, up from 93% a quarter earlier, followed by Energy and Miscellaneous.
On the sell side, the largest reduction was NRG Energy, an estimated $6.93M trimmed.
- Blackstart Capital's largest Q4 2019 buy was CenterPoint Energy: 553,065 shares worth $15.1M.
- Blackstart Capital added most to Ameren in Q4 2019, an estimated $10.7M increase.
- Blackstart Capital's biggest Q4 2019 reduction was NRG Energy, cutting an estimated $6.93M.
- Blackstart Capital fully exited Southern Company in Q4 2019, selling an estimated $13M.
- Blackstart Capital's ten largest holdings make up 62% of its $229M portfolio in Q4 2019.
- Blackstart Capital opened 13 new positions and closed 13 in Q4 2019.
- Blackstart Capital's portfolio value rose 21% quarter-over-quarter to $229M.
Based on Blackstart Capital's 13F filing for Q4 2019, filed 14 Feb 2020.