We are live on ! Find out more
BC

Blackstart Capital Portfolio holdings

AUM $151M
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
Cap. Flow
+$35.2M
Cap. Flow %
15.37%
Top 10 Hldgs %
62.08%
Holding
41
New
13
Increased
11
Reduced
3
Closed
13

Top Buys

Rank Stock Value
1
CNP icon
CenterPoint Energy
CNP
+$15M
2
NI icon
NiSource
NI
+$14.8M
3
DTE icon
DTE Energy
DTE
+$14.6M
4
AEE icon
Ameren
AEE
+$10.7M
5
ALE
Allete
ALE
+$7.59M

Top Sells

Rank Stock Value
1
SO icon
Southern Company
SO
+$13M
2
NRG icon
NRG Energy
NRG
+$6.93M
3
ETR icon
Entergy
ETR
+$6.4M
4
XIFR
XPLR Infrastructure LP
XIFR
+$6.38M
5
ES icon
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
AEE icon
1
Ameren
AEE
$29.4B
$17.1M 7.44%
222,003
+141,093
+174% +$10.7M
CNP icon
2
CenterPoint Energy
CNP
$25.8B
$15.1M 6.59%
+553,065
New +$15M
NI icon
3
NiSource
NI
$19.5B
$15M 6.57%
+540,451
New +$14.8M
EIX icon
4
Edison International
EIX
$27B
$15M 6.56%
199,145
+84,366
+74% +$5.97M
DTE icon
5
DTE Energy
DTE
$28.3B
$15M 6.55%
+135,624
New +$14.6M
AEP icon
6
American Electric Power
AEP
$66.6B
$15M 6.53%
158,284
+25,358
+19% +$2.34M
DUK icon
7
Duke Energy
DUK
$93.8B
$14.9M 6.52%
163,836
+30,324
+23% +$2.78M
AES icon
8
AES
AES
$10.5B
$14.8M 6.46%
743,038
+210,863
+40% +$3.77M
AWK icon
9
American Water Works
AWK
$27.5B
$12.8M 5.57%
103,922
+1,195
+1% +$145K
ATO icon
10
Atmos Energy
ATO
$28.2B
$7.54M 3.29%
+67,404
New +$7.39M
UGI icon
11
UGI
UGI
$8.15B
$7.51M 3.28%
166,258
+36,406
+28% +$1.67M
MDU icon
12
MDU Resources
MDU
$4.16B
$7.48M 3.27%
662,442
-547,594
-45% -$5.98M
PPL
13
PPL Corp
PPL
$25.7B
$7.48M 3.27%
208,582
+8,215
+4% +$275K
EXC icon
14
Exelon
EXC
$45.3B
$7.47M 3.26%
229,767
+47,921
+26% +$1.55M
SRE icon
15
Sempra
SRE
$55.1B
$7.46M 3.26%
+98,478
New +$7.23M
FE icon
16
FirstEnergy
FE
$26.5B
$7.45M 3.25%
153,357
+25,914
+20% +$1.24M
ALE
17
DELISTED
Allete
ALE
$7.44M 3.25%
+91,670
New +$7.59M
WTRG icon
18
Essential Utilities
WTRG
$11.7B
$7.41M 3.24%
157,897
+18,704
+13% +$842K
NRG icon
19
NRG Energy
NRG
$23.4B
$6.23M 2.72%
156,781
-175,209
-53% -$6.93M
POR icon
20
Portland General Electric
POR
$5.83B
$5.17M 2.26%
+92,746
New +$5.18M
SJI
21
DELISTED
South Jersey Industries, Inc.
SJI
$4.29M 1.87%
130,105
-59,435
-31% -$1.87M
CWEN icon
22
Clearway Energy Class C
CWEN
$6.52B
$4.22M 1.84%
+211,686
New +$4.1M
BKH icon
23
Black Hills Corp
BKH
$5.55B
$3.23M 1.41%
+41,093
New +$3.17M
GLNG icon
24
Golar LNG
GLNG
$5.13B
$1.51M 0.66%
106,073
– –
AMLP icon
25
Alerian MLP ETF
AMLP
$13.4B
$1.34M 0.59%
+31,545
New +$1.32M
1
2

Similar funds

JT
Jump Trading Chicago, Illinois $150M AUM 17.61% 1-Year Est. Return
LI
Leap Investments Chicago, Illinois $152M AUM 3.6% 1-Year Est. Return
SCM
Stellar Capital Management Phoenix, Arizona $147M AUM 5.91% 1-Year Est. Return
SC
Stralem & Co New York $157M AUM 4.29% 1-Year Est. Return
CCM
Cloverdale Capital Management Dallas, Texas $135M AUM 13.89% 1-Year Est. Return
HF
Hellman & Friedman San Francisco, California $169M AUM
CCM
Castine Capital Management Boston, Massachusetts $129M AUM 23.45% 1-Year Est. Return
LM
Legg Mason Baltimore, Maryland $127M AUM 6.76% 1-Year Est. Return

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.