Blackstart Capital LP

CIK

1666647

Location

NEW YORK, NY

Portfolio Value

Small $150,610,259

Diversification

Diversified

Files via

BOOTHBAY FUND MANAGEMENT, LLC

Filing Date

Global Rank

#3,755 / 5,430 ▲ 1174 · as of Jun 2020

Top Industry

Utilities - Regulated Electric 69.6%

Period ended 6 years ago

Filed Aug 14, 2020 · 6y

2 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2020, never from the firm's own description.

Style

Concentrated

The top 10 positions are 62.9% of the book (60%+)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Horizon unknown

The value-weighted holding period is at least 1.6 quarters, but 57.4% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2020-06-30, active share 98.3%; sector active share 94.9% against the combined 13F book's sector weights.

Over time 2 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

21 tracked positions · as of Jun 30, 2020 · Δ vs Mar 31, 2020

Top Position

10.2%

−2.2 pts

Top 5

38.7%

−7.8 pts

Top 10

62.9%

−13.6 pts

HHI

579

Diversified−152

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2020

Sector	% Portfolio	Value	Positions
Utilities	96.5%	$145,374,483	18
Unclassified	2.7%	$4,034,000	1
Energy	0.5%	$782,732	1
Technology	0.3%	$419,044	1

Last Quarter's Activity

Export CSV

Jun 30, 2020 vs Mar 31, 2020

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
CNP	Centerpoint Energy Inc	+409,079	569,636	$10,635,104
PCG	PG&E Corp	+382,643	710,718	$6,304,068
FE	Firstenergy Corp	+274,598	396,056	$15,359,051
AES	Aes Corp	+219,087	462,605	$6,703,146
PPL	PPL Corp	+133,254	247,784	$6,402,738
EIX	Edison International	+123,520	195,513	$10,618,311
WTRG	Essential Utilities, Inc.	+82,604	151,251	$6,388,842
TXNM	Txnm Energy Inc	+72,669	162,397	$6,242,540
NEE	Nextera Energy Inc	+34,151	44,143	$10,601,824
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
NFE	New Fortress Energy Inc.	−17,459	60,396	$782,732
EVRG	Evergy, Inc.	−7,611	106,891	$6,337,567
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
NI	Nisource Inc.	485,573	$11,041,930
OGE	Oge Energy Corp.	348,102	$10,568,376
NJR	New Jersey Resources Corp	197,176	$6,437,796
ES	Eversource Energy	76,540	$6,373,485
ED	Consolidated Edison Inc	88,565	$6,370,480
VST	Vistra Corp.	341,692	$6,362,305
AQN	Algonquin Power & Utilities Corp.	491,425	$6,359,039
CMS	Cms Energy Corp	107,290	$6,267,881
VXX		118,821	$4,034,000
ENPH	Enphase Energy, Inc.	8,809	$419,044
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
DUK	Duke Energy CORP	61,630	$4,984,634
PNW	Pinnacle West Capital Corp	47,417	$3,593,734
—		42,508	$2,579,000
WEC	Wec Energy Group, Inc.	26,759	$2,358,270
—		44,619	$734,000
AMLP	Alerian MLP ETF	182,743	$628,635
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

21 tracked positions · $150,610,259 total · filing declares 21 positions · $150,599,000 · as of Jun 30, 2020

All sectors Energy Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
FE	Firstenergy Corp Utilities	Added	396,056	+274,598	$15,359,051	+215.6%	2+	before history	10.20%
NI	Nisource Inc. Utilities	NEW	485,573	NEW	$11,041,930	NEW	1	$24.12	7.33%
CNP	Centerpoint Energy Inc Utilities	Added	569,636	+409,079	$10,635,104	+328.7%	2+	before history	7.06%
EIX	Edison International Utilities	Added	195,513	+123,520	$10,618,311	+169.2%	2+	before history	7.05%
NEE	Nextera Energy Inc Utilities	Added	44,143	+34,151	$10,601,824	+341.0%	2+	before history	7.04%
OGE	Oge Energy Corp. Utilities	NEW	348,102	NEW	$10,568,376	NEW	1	$30.91	7.02%
AES	Aes Corp Utilities	Added	462,605	+219,087	$6,703,146	+102.4%	2+	before history	4.45%
NJR	New Jersey Resources Corp Utilities	NEW	197,176	NEW	$6,437,796	NEW	1	$33.13	4.27%
PPL	PPL Corp Utilities	Added	247,784	+133,254	$6,402,738	+126.5%	2+	before history	4.25%
WTRG	Essential Utilities, Inc. Utilities	Added	151,251	+82,604	$6,388,842	+128.7%	2+	before history	4.24%
ES	Eversource Energy Utilities	NEW	76,540	NEW	$6,373,485	NEW	1	$82.81	4.23%
ED	Consolidated Edison Inc Utilities	NEW	88,565	NEW	$6,370,480	NEW	1	$76.80	4.23%
VST	Vistra Corp. Utilities	NEW	341,692	NEW	$6,362,305	NEW	1	$18.85	4.22%
AQN	Algonquin Power & Utilities Corp. Utilities	NEW	491,425	NEW	$6,359,039	NEW	1	$13.68	4.22%
EVRG	Evergy, Inc. Utilities	Reduced	106,891	-7,611	$6,337,567	+0.5%	2+	before history	4.21%
PCG	PG&E Corp Utilities	Added	710,718	+382,643	$6,304,068	+113.7%	2+	before history	4.19%
CMS	Cms Energy Corp Utilities	NEW	107,290	NEW	$6,267,881	NEW	1	$57.91	4.16%
TXNM	Txnm Energy Inc Utilities	Added	162,397	+72,669	$6,242,540	+83.1%	2+	before history	4.14%
VXX		NEW	118,821	NEW	$4,034,000	NEW	1	unpriced	2.68%
NFE	New Fortress Energy Inc. Energy	Reduced	60,396	-17,459	$782,732	+2.7%	2+	before history	0.52%
ENPH	Enphase Energy, Inc. Technology	NEW	8,809	NEW	$419,044	NEW	1	$47.79	0.28%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.