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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
-0.47%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$249M
AUM Growth
+$46.1M
(+23%)
Cap. Flow
+$47M
Cap. Flow
% of AUM
18.86%
Top 10 Holdings %
Top 10 Hldgs %
51.16%
Holding
37
New
10
Increased
12
Reduced
6
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Water Works
AWK
|
+$13.1M |
| 2 |
Entergy
ETR
|
+$12.7M |
| 3 |
Dominion Energy
D
|
+$10.1M |
| 4 |
SEMG
SEMGROUP CORPORATION
SEMG
|
+$9.97M |
| 5 |
SCG
Scana
SCG
|
+$9.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$15.7M |
| 2 |
AES
AES
|
+$12.6M |
| 3 |
Duke Energy
DUK
|
+$7.7M |
| 4 |
Williams Companies
WMB
|
+$7.49M |
| 5 |
ALE
Allete
ALE
|
+$5.88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 89.9% |
| 2 | Energy | 8.88% |
| 3 | Real Estate | 1.22% |
| 4 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Dominion Energy
D
$57.7B
| $17.2M | 6.91% |
224,691
+127,930
| +132% | +$10.1M |
|
2
Public Service Enterprise Group
PEG
$36.5B
| $15.7M | 6.32% |
366,207
+86,449
| +31% | +$3.82M |
|
3
Xcel Energy
XEL
$47.8B
| $15M | 6.04% |
328,333
+43,757
| +15% | +$2.01M |
|
4
New Jersey Resources
NJR
$5.44B
| $13.2M | 5.29% |
331,472
+62,047
| +23% | +$2.55M |
|
|
5
American Water Works
AWK
$27.5B
| $13M | 5.21% |
+166,209
| New | +$13.1M |
|
|
6
Entergy
ETR
$49.3B
| $12.6M | 5.05% |
+327,832
| New | +$12.7M |
|
7
PG&E
PCG
$36.6B
| $10.4M | 4.19% |
157,490
+72,490
| +85% | +$4.88M |
|
8
NiSource
NI
$19.5B
| $10.2M | 4.1% |
402,406
-160,732
| -29% | -$4.01M |
|
9
Clearway Energy Class C
CWEN
$6.52B
| $10.1M | 4.07% |
577,592
+143,103
| +33% | +$2.51M |
|
|
SCG
10
DELISTED
Scana
SCG
| $9.93M | 3.99% |
+148,119
| New | +$9.94M |
|
|
PPL
11
PPL Corp
PPL
$25.7B
| $9.8M | 3.94% |
254,166
-69,772
| -22% | -$2.7M |
|
12
FirstEnergy
FE
$26.5B
| $9.5M | 3.82% |
326,128
+147,257
| +82% | +$4.37M |
|
13
NRG Energy
NRG
$23.4B
| $9.13M | 3.67% |
530,299
+307,568
| +138% | +$5.16M |
|
14
OGE Energy
OGE
$9.45B
| $8.95M | 3.59% |
+257,078
| New | +$8.99M |
|
|
SEMG
15
DELISTED
SEMGROUP CORPORATION
SEMG
| $8.68M | 3.49% |
+320,962
| New | +$9.97M |
|
|
16
Duke Energy
DUK
$93.8B
| $8.3M | 3.34% |
99,418
-91,584
| -48% | -$7.7M |
|
|
CPN
17
DELISTED
Calpine Corporation
CPN
| $7.88M | 3.17% |
+581,900
| New | +$7M |
|
18
Kinder Morgan
KMI
$70.3B
| $7.79M | 3.13% |
+405,222
| New | +$8.06M |
|
19
Pinnacle West Capital
PNW
$11.8B
| $7.76M | 3.12% |
91,165
+66,165
| +265% | +$5.7M |
|
|
EE
20
DELISTED
El Paso Electric Company
EE
| $7.04M | 2.83% |
136,330
+33,778
| +33% | +$1.77M |
|
|
GXP
21
DELISTED
Great Plains Energy Incorporated
GXP
| $6.92M | 2.78% |
+236,427
| New | +$6.88M |
|
22
Eversource Energy
ES
$26.7B
| $6.45M | 2.59% |
106,326
+26,141
| +33% | +$1.59M |
|
|
WR
23
DELISTED
Westar Energy Inc
WR
| $5.42M | 2.18% |
102,177
-83,142
| -45% | -$4.4M |
|
24
NextEra Energy
NEE
$171B
| $4.84M | 1.94% |
+138,240
| New | +$4.73M |
|
25
Black Hills Corp
BKH
$5.55B
| $4.48M | 1.8% |
66,235
-29,675
| -31% | -$2.04M |
|
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Blackstart Capital's Q2 2017 Portfolio in Review
As of Q2 2017, Blackstart Capital held 37 positions worth $249M, up 23% from $203M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Blackstart Capital deployed $47M of net new capital in Q2 2017, opening 10 new positions and adding to 12 existing holdings. Its largest new stake was American Water Works: 166,209 shares worth $13M.
By sector, the portfolio is most concentrated in Utilities at 90% of assets, down from 91% a quarter earlier, followed by Energy and Real Estate.
On the sell side, the largest reduction was Duke Energy, an estimated $7.7M trimmed.
- Blackstart Capital's largest Q2 2017 buy was American Water Works: 166,209 shares worth $13M.
- Blackstart Capital added most to Dominion Energy in Q2 2017, an estimated $10.1M increase.
- Blackstart Capital's biggest Q2 2017 reduction was Duke Energy, cutting an estimated $7.7M.
- Blackstart Capital fully exited Exelon in Q2 2017, selling an estimated $15.7M.
- Blackstart Capital's ten largest holdings make up 51% of its $249M portfolio in Q2 2017.
- Blackstart Capital opened 10 new positions and closed 9 in Q2 2017.
- Blackstart Capital's portfolio value rose 23% quarter-over-quarter to $249M.
Based on Blackstart Capital's 13F filing for Q2 2017, filed 11 Aug 2017.