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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
-2.68%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$298M
AUM Growth
+$47.5M
(+19%)
Cap. Flow
+$50.4M
Cap. Flow
% of AUM
16.9%
Top 10 Holdings %
Top 10 Hldgs %
58.28%
Holding
39
New
10
Increased
13
Reduced
7
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$21.7M |
| 2 |
FirstEnergy
FE
|
+$14.5M |
| 3 |
PPL
PPL Corp
PPL
|
+$13.4M |
| 4 |
PG&E
PCG
|
+$8.05M |
| 5 |
Edison International
EIX
|
+$8.02M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Water Works
AWK
|
+$19M |
| 2 |
Duke Energy
DUK
|
+$10.4M |
| 3 |
NRG Energy
NRG
|
+$8.88M |
| 4 |
CMS Energy
CMS
|
+$7.94M |
| 5 |
Clearway Energy Class C
CWEN
|
+$7.88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 90.65% |
| 2 | Energy | 6.83% |
| 3 | Real Estate | 2.37% |
| 4 | Miscellaneous | 0.15% |
| 5 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
American Electric Power
AEP
$66.6B
| $22.1M | 7.41% |
+322,268
| New | +$21.7M |
|
|
PPL
2
PPL Corp
PPL
$25.7B
| $21.6M | 7.24% |
763,556
+448,556
| +142% | +$13.4M |
|
|
GXP
3
DELISTED
Great Plains Energy Incorporated
GXP
| $19.1M | 6.4% |
601,256
+179,847
| +43% | +$5.48M |
|
|
4
NRG Energy
NRG
$23.4B
| $18.9M | 6.33% |
618,837
-320,640
| -34% | -$8.88M |
|
5
Entergy
ETR
$49.3B
| $18.9M | 6.32% |
478,948
+99,774
| +26% | +$3.86M |
|
|
VVC
6
DELISTED
Vectren Corporation
VVC
| $16.1M | 5.4% |
252,078
+47,258
| +23% | +$2.92M |
|
|
7
FirstEnergy
FE
$26.5B
| $15.4M | 5.15% |
+452,280
| New | +$14.5M |
|
|
8
PG&E
PCG
$36.6B
| $14.6M | 4.9% |
332,700
+189,773
| +133% | +$8.05M |
|
9
Alliant Energy
LNT
$17.6B
| $14.6M | 4.88% |
356,149
+169,745
| +91% | +$6.7M |
|
10
AES
AES
$10.5B
| $12.7M | 4.26% |
1,118,741
+368,741
| +49% | +$4.01M |
|
11
UGI
UGI
$8.15B
| $12.4M | 4.17% |
280,273
+34,757
| +14% | +$1.56M |
|
12
Exelon
EXC
$45.3B
| $11M | 3.69% |
395,977
-56,297
| -12% | -$1.52M |
|
|
13
Edison International
EIX
$27B
| $8.29M | 2.78% |
+130,175
| New | +$8.02M |
|
14
EQT Corp
EQT
$34.1B
| $8.26M | 2.77% |
319,531
+153,806
| +93% | +$4.41M |
|
15
CenterPoint Energy
CNP
$25.8B
| $7.75M | 2.6% |
+282,927
| New | +$7.71M |
|
16
OGE Energy
OGE
$9.45B
| $7.71M | 2.58% |
+235,221
| New | +$7.43M |
|
|
HIFR
17
DELISTED
InfraREIT, Inc.
HIFR
| $7.06M | 2.37% |
363,305
+227,060
| +167% | +$4.32M |
|
18
New Jersey Resources
NJR
$5.44B
| $6.63M | 2.22% |
165,315
-129,898
| -44% | -$5.06M |
|
19
Golar LNG
GLNG
$5.13B
| $6.21M | 2.08% |
227,033
+119,624
| +111% | +$3.37M |
|
20
Hawaiian Electric Industries
HE
$1.97B
| $6.13M | 2.05% |
178,382
+106,462
| +148% | +$3.6M |
|
21
Pinnacle West Capital
PNW
$11.8B
| $6.12M | 2.05% |
76,736
-13,889
| -15% | -$1.09M |
|
22
Kinder Morgan
KMI
$70.3B
| $5.9M | 1.98% |
+392,002
| New | +$6.79M |
|
|
DYN
23
DELISTED
Dynegy, Inc.
DYN
| $5.07M | 1.7% |
375,000
-133,174
| -26% | -$1.66M |
|
|
VIA
24
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| $5.02M | 1.68% |
84,650
+79,961
| +1,705% | +$4.26M |
|
25
Dominion Energy
D
$57.7B
| $4.96M | 1.66% |
+73,500
| New | +$5.43M |
|
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Blackstart Capital's Q1 2018 Portfolio in Review
As of Q1 2018, Blackstart Capital held 39 positions worth $298M, up 19% from $251M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Blackstart Capital deployed $50.4M of net new capital in Q1 2018, opening 10 new positions and adding to 13 existing holdings. Its largest new stake was American Electric Power: 322,268 shares worth $22.1M.
By sector, the portfolio is most concentrated in Utilities at 91% of assets, down from 93% a quarter earlier, followed by Energy and Real Estate.
On the sell side, the largest reduction was NRG Energy, an estimated $8.88M trimmed.
- Blackstart Capital's largest Q1 2018 buy was American Electric Power: 322,268 shares worth $22.1M.
- Blackstart Capital added most to PPL Corp in Q1 2018, an estimated $13.4M increase.
- Blackstart Capital's biggest Q1 2018 reduction was NRG Energy, cutting an estimated $8.88M.
- Blackstart Capital fully exited American Water Works in Q1 2018, selling an estimated $19M.
- Blackstart Capital's ten largest holdings make up 58% of its $298M portfolio in Q1 2018.
- Blackstart Capital opened 10 new positions and closed 9 in Q1 2018.
- Blackstart Capital's portfolio value rose 19% quarter-over-quarter to $298M.
Based on Blackstart Capital's 13F filing for Q1 2018, filed 15 May 2018.