Blackstart Capital LP

CIK

1666647

Location

NEW YORK, NY

Portfolio Value

Small $137,423,115

Diversification

Diversified

Filing Date

Global Rank

#2,965 / 5,297 ▲ 1163

Top Industry

Utilities - Regulated Electric 67.9%

3Y Alpha vs SPY

-5.3%

Period ended 5 years ago

Filed Aug 14, 2020 · 5y

2 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+54.0%

SPY

+76.3%

Annualised alpha

-5.3%

Max drawdown

−16.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

11.1%

−2.9 pts

Top 5

42.0%

−10.4 pts

Top 10

65.3%

−21.0 pts

HHI

620

Diversified−244

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2020

Sector	% Portfolio	Value	Positions
Utilities	99.1%	$137,423,115	18
Energy	0.6%	$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	$2,650,456
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

9 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
ENPH	Enphase Energy, Inc.	8,809	$419,044
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
DUK	Duke Energy CORP	61,630	$4,984,634
PNW	Pinnacle West Capital Corp	47,417	$3,593,734
WEC	Wec Energy Group, Inc.	26,759	$2,358,270
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

18 positions · $137,423,115 total · Utilities only · as of Jun 30, 2020

All sectors Energy Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
FE	Firstenergy Corp Utilities	Added	396,056	+274,598	$15,359,051	+215.6%	11.18%
NI	Nisource Inc. Utilities	NEW	485,573	NEW	$11,041,930	NEW	8.03%
CNP	Centerpoint Energy Inc Utilities	Added	569,636	+409,079	$10,635,104	+328.7%	7.74%
EIX	Edison International Utilities	Added	195,513	+123,520	$10,618,311	+169.2%	7.73%
OGE	Oge Energy Corp. Utilities	NEW	348,102	NEW	$10,568,376	NEW	7.69%
AES	Aes Corp Utilities	Added	462,605	+219,087	$6,703,146	+102.4%	4.88%
NJR	New Jersey Resources Corp Utilities	NEW	197,176	NEW	$6,437,796	NEW	4.68%
PPL	PPL Corp Utilities	Added	247,784	+133,254	$6,402,738	+126.5%	4.66%
WTRG	Essential Utilities, Inc. Utilities	Added	151,251	+82,604	$6,388,842	+128.7%	4.65%
ES	Eversource Energy Utilities	NEW	76,540	NEW	$6,373,485	NEW	4.64%
ED	Consolidated Edison Inc Utilities	NEW	88,565	NEW	$6,370,480	NEW	4.64%
VST	Vistra Corp. Utilities	NEW	341,692	NEW	$6,362,305	NEW	4.63%
AQN	Algonquin Power & Utilities Corp. Utilities	NEW	491,425	NEW	$6,359,039	NEW	4.63%
EVRG	Evergy, Inc. Utilities	Reduced	106,891	-7,611	$6,337,567	+0.5%	4.61%
PCG	PG&E Corp Utilities	Added	710,718	+382,643	$6,304,068	+113.7%	4.59%
CMS	Cms Energy Corp Utilities	NEW	107,290	NEW	$6,267,881	NEW	4.56%
TXNM	Txnm Energy Inc Utilities	Added	162,397	+72,669	$6,242,540	+83.1%	4.54%
NEE	Nextera Energy Inc Utilities	Added	44,143	+34,151	$2,650,456	+341.0%	1.93%