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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
-20.2%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$53.3M
AUM Growth
-$176M
(-77%)
Cap. Flow
-$156M
Cap. Flow
% of AUM
-292.86%
Top 10 Holdings %
Top 10 Hldgs %
73.17%
Holding
37
New
9
Increased
1
Reduced
8
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Evergy
EVRG
|
+$7.52M |
| 2 |
PG&E
PCG
|
+$4.36M |
| 3 |
TXNM
TXNM Energy Inc
TXNM
|
+$4.35M |
| 4 |
Pinnacle West Capital
PNW
|
+$4.3M |
| 5 |
AY
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
|
+$2.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameren
AEE
|
+$17.1M |
| 2 |
NiSource
NI
|
+$15M |
| 3 |
DTE Energy
DTE
|
+$15M |
| 4 |
American Electric Power
AEP
|
+$15M |
| 5 |
American Water Works
AWK
|
+$12.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 96.01% |
| 2 | Energy | 2.81% |
| 3 | Miscellaneous | 1.18% |
| 4 | Industrials | 0% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Enphase Energy
ENPH
$4.92B
| – | – |
-14,650
| Closed | -$383K |
|
27
Exelon
EXC
$45.3B
| – | – |
-229,767
| Closed | -$7.47M |
|
28
First Solar
FSLR
$22B
| – | – |
-6,665
| Closed | -$373K |
|
29
Golar LNG
GLNG
$5.13B
| – | – |
-106,073
| Closed | -$1.51M |
|
30
Generac Holdings
GNRC
$10.8B
| – | – |
-3,751
| Closed | -$377K |
|
31
MDU Resources
MDU
$4.16B
| – | – |
-662,442
| Closed | -$7.48M |
|
|
32
NiSource
NI
$19.5B
| – | – |
-540,451
| Closed | -$15M |
|
33
NRG Energy
NRG
$23.4B
| – | – |
-156,781
| Closed | -$6.23M |
|
34
Portland General Electric
POR
$5.83B
| – | – |
-92,746
| Closed | -$5.17M |
|
35
Sempra
SRE
$55.1B
| – | – |
-98,478
| Closed | -$7.46M |
|
36
UGI
UGI
$8.15B
| – | – |
-166,258
| Closed | -$7.51M |
|
|
SJI
37
DELISTED
South Jersey Industries, Inc.
SJI
| – | – |
-130,105
| Closed | -$4.29M |
|
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Blackstart Capital's Q1 2020 Portfolio in Review
As of Q1 2020, Blackstart Capital held 37 positions worth $53.3M, down 77% from $229M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Blackstart Capital withdrew a net $156M in Q1 2020, closing 19 positions and reducing 8 holdings. Its most notable exit was Ameren, an estimated $17.1M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 96% of assets, down from 96% a quarter earlier, followed by Energy and Miscellaneous.
Against the trend, Blackstart Capital opened a new position in Evergy worth $6.3M.
- Blackstart Capital's largest Q1 2020 buy was Evergy: 114,502 shares worth $6.3M.
- Blackstart Capital added most to Alerian MLP ETF in Q1 2020, an estimated $169K increase.
- Blackstart Capital's biggest Q1 2020 reduction was Duke Energy, cutting an estimated $9.39M.
- Blackstart Capital fully exited Ameren in Q1 2020, selling an estimated $17.1M.
- Blackstart Capital's ten largest holdings make up 73% of its $53.3M portfolio in Q1 2020.
- Blackstart Capital opened 9 new positions and closed 19 in Q1 2020.
- Blackstart Capital's portfolio value fell 77% quarter-over-quarter to $53.3M.
Based on Blackstart Capital's 13F filing for Q1 2020, filed 15 May 2020.