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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
+5.53%
1 Year Est. Return
-14.01%
3 Year Est. Return
+9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$409M
AUM Growth
+$111M
(+37%)
Cap. Flow
+$94.9M
Cap. Flow
% of AUM
23.21%
Top 10 Holdings %
Top 10 Hldgs %
53.71%
Holding
45
New
15
Increased
12
Reduced
6
Closed
12
Avg Time Held Equity + Options
1.4
quarters
Top 10 Avg Time Held Equity + Options
0.7
quarters
Top 20 Avg Time Held Equity + Options
0.8
quarters
Avg Time Held Equity only
1.5
quarters
Top 10 Avg Time Held Equity only
0.7
quarters
Top 20 Avg Time Held Equity only
0.8
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Evergy
EVRG
|
+$22.5M |
| 2 |
Sempra
SRE
|
+$22.1M |
| 3 |
Duke Energy
DUK
|
+$21.4M |
| 4 |
Dominion Energy
D
|
+$21.4M |
| 5 |
Ameren
AEE
|
+$17.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GXP
Great Plains Energy Incorporated
GXP
|
+$19.1M |
| 2 |
VVC
Vectren Corporation
VVC
|
+$16.1M |
| 3 |
PG&E
PCG
|
+$14.4M |
| 4 |
AES
AES
|
+$12.7M |
| 5 |
UGI
UGI
|
+$12.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 87.05% |
| 2 | Energy | 12.06% |
| 3 | Real Estate | 0.83% |
| 4 | Miscellaneous | 0.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Dominion Energy
D
$54.9B
| $27.4M | 6.7% |
402,091
+328,591
| +447% | +$21.4M |
2018 Q1
1 quarter
|
|
2
American Electric Power
AEP
$67.6B
| $24.9M | 6.07% |
358,839
+36,571
| +11% | +$2.46M |
2018 Q1
1 quarter
|
|
|
3
Evergy
EVRG
$18.8B
| $23.6M | 5.78% |
+420,956
| New | +$22.5M |
2018 Q2
0 quarters
|
|
|
4
Sempra
SRE
$53.5B
| $23.4M | 5.73% |
+403,766
| New | +$22.1M |
2018 Q2
0 quarters
|
|
5
FirstEnergy
FE
$26.2B
| $22.5M | 5.5% |
626,615
+174,335
| +39% | +$5.97M |
2018 Q1
1 quarter
|
|
|
6
Duke Energy
DUK
$91.8B
| $22M | 5.39% |
+278,669
| New | +$21.4M |
2018 Q2
0 quarters
|
|
7
Alliant Energy
LNT
$17.2B
| $20.5M | 5% |
483,282
+127,133
| +36% | +$5.23M |
2017 Q4
2 quarters
|
|
|
8
Ameren
AEE
$28.6B
| $18.9M | 4.63% |
+311,251
| New | +$17.9M |
2018 Q2
0 quarters
|
|
9
Entergy
ETR
$49.7B
| $18.6M | 4.55% |
461,194
-17,754
| -4% | -$703K |
2017 Q2
4 quarters
|
|
10
DELISTED
El Paso Electric Company
EE
| $17.8M | 4.36% |
+301,900
| New | +$16.4M |
2018 Q2
0 quarters
|
|
|
SJI
11
DELISTED
South Jersey Industries, Inc.
SJI
| $15.5M | 3.79% |
+463,231
| New | +$14.5M |
2018 Q2
0 quarters
|
|
12
PPL Corp
PPL
$25.8B
| $15.2M | 3.7% |
530,832
-232,724
| -30% | -$6.44M |
2017 Q4
2 quarters
|
|
13
Portland General Electric
POR
$5.3B
| $14.1M | 3.44% |
+329,093
| New | +$13.5M |
2018 Q2
0 quarters
|
|
14
Pinnacle West Capital
PNW
$12.1B
| $12.5M | 3.05% |
154,897
+78,161
| +102% | +$6.11M |
2017 Q1
5 quarters
|
|
15
Hawaiian Electric Industries
HE
$1.5B
| $12M | 2.93% |
349,528
+171,146
| +96% | +$5.82M |
2017 Q4
2 quarters
|
|
16
OGE Energy
OGE
$9.67B
| $11.1M | 2.7% |
314,113
+78,892
| +34% | +$2.65M |
2018 Q1
1 quarter
|
|
17
NRG Energy
NRG
$22.4B
| $9.92M | 2.42% |
323,016
-295,821
| -48% | -$9.56M |
2017 Q1
5 quarters
|
|
18
Cheniere Energy
LNG
$58.3B
| $9.44M | 2.31% |
+144,777
| New | +$8.91M |
2018 Q2
0 quarters
|
|
19
Kinder Morgan
KMI
$73.7B
| $9.25M | 2.26% |
523,243
+131,241
| +33% | +$2.15M |
2018 Q1
1 quarter
|
|
20
Williams Companies
WMB
$90.7B
| $9.07M | 2.22% |
+334,460
| New | +$8.82M |
2018 Q2
0 quarters
|
|
21
Black Hills Corp
BKH
$5.82B
| $8.85M | 2.16% |
144,624
+86,124
| +147% | +$4.89M |
2016 Q4
6 quarters
|
|
22
XPLR Infrastructure LP
XIFR
$972M
| $7.67M | 1.87% |
164,356
+41,264
| +34% | +$1.76M |
2018 Q1
1 quarter
|
|
23
TXNM Energy Inc
TXNM
$6.43B
| $7.15M | 1.75% |
+183,748
| New | +$7.04M |
2018 Q2
0 quarters
|
|
24
Spire
SR
$4.7B
| $7.07M | 1.73% |
+100,075
| New | +$7.06M |
2018 Q2
0 quarters
|
|
25
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| $6.78M | 1.66% |
139,125
+54,475
| +64% | +$2.94M |
2017 Q4
2 quarters
|
|
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Blackstart Capital's Q2 2018 Portfolio in Review
As of Q2 2018, Blackstart Capital held 45 positions worth $409M, up 37% from $298M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Blackstart Capital deployed $94.9M of net new capital in Q2 2018, opening 15 new positions and adding to 12 existing holdings. Its largest new stake was Evergy: 420,956 shares worth $23.6M.
By sector, the portfolio is most concentrated in Utilities at 87% of assets, down from 91% a quarter earlier, followed by Energy and Real Estate.
On the sell side, the largest reduction was NRG Energy, an estimated $9.56M trimmed.
- Blackstart Capital's largest Q2 2018 buy was Evergy: 420,956 shares worth $23.6M.
- Blackstart Capital added most to Dominion Energy in Q2 2018, an estimated $21.4M increase.
- Blackstart Capital's biggest Q2 2018 reduction was NRG Energy, cutting an estimated $9.56M.
- Blackstart Capital fully exited Great Plains Energy Incorporated in Q2 2018, selling an estimated $19.1M.
- Blackstart Capital's ten largest holdings make up 54% of its $409M portfolio in Q2 2018.
- Blackstart Capital opened 15 new positions and closed 12 in Q2 2018.
- Blackstart Capital's portfolio value rose 37% quarter-over-quarter to $409M.
Based on Blackstart Capital's 13F filing for Q2 2018, filed 14 Aug 2018.