Blackstart Capital L.P. is an investment fund managing more than $151 million ran by Robert Beinish. There are currently 21 companies in Mr. Beinish’s portfolio. The largest investments include First and NiSource, together worth $26.4 million.
As of 7th October 2020, Blackstart Capital L.P.’s top holding is 396,056 shares of First currently worth over $15.4 million and making up 10.2% of the portfolio value.
Relative to the number of outstanding shares of First, Blackstart Capital L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 485,573 shares of NiSource worth $11 million, whose value fell 13.2% in the past six months.
The third-largest holding is CenterPoint worth $10.6 million and the next is Edison Intl worth $10.6 million, with 195,513 shares owned.
Currently, Blackstart Capital L.P.'s portfolio is worth at least $151 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Blackstart Capital L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Robert Beinish serves as the Compliance Consultant at Blackstart Capital L.P..
In the most recent 13F filing, Blackstart Capital L.P. revealed that it had opened a new position in
NiSource and bought 485,573 shares worth $11 million.
This means they effectively own approximately 0.1% of the company.
NiSource makes up
11.3%
of the fund's Utilities sector allocation and has decreased its share price by 19.0% in the past year.
The investment fund also strengthened its position in First by buying
274,598 additional shares.
This makes their stake in First total 396,056 shares worth $15.4 million.
First dropped 34.0% in the past year.
On the other hand, there are companies that Blackstart Capital L.P. is getting rid of from its portfolio.
Blackstart Capital L.P. closed its position in Duke on 14th August 2020.
It sold the previously owned 61,630 shares for $4.99 million.
Robert Beinish also disclosed a decreased stake in Evergy by approximately 0.1%.
This leaves the value of the investment at $6.34 million and 106,891 shares.
The two most similar investment funds to Blackstart Capital L.P. are Canaan Partners Ix and Wealthbridge Investment Counsel. They manage $151 million and $151 million respectively.
Blackstart Capital L.P.’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Utilities — making up 64.7% of
the total portfolio value.
The fund focuses on investments in the United States as
61.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
48% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $23.8 billion.
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| FirstEnergy Corp. |
226.08%
396,056
|
$15,359,000 | 10.20% |
| NiSource, Inc. |
Opened
485,573
|
$11,042,000 | 7.33% |
| CenterPoint Energy, Inc. |
254.79%
569,636
|
$10,635,000 | 7.06% |
| Edison Intl |
171.57%
195,513
|
$10,618,000 | 7.05% |
| NextEra Energy, Inc. |
341.78%
44,143
|
$10,602,000 | 7.04% |
| OGE Energy Corp. |
Opened
348,102
|
$10,568,000 | 7.02% |
| The AES Corp. |
89.97%
462,605
|
$6,703,000 | 4.45% |
| New Jersey Res |
Opened
197,176
|
$6,438,000 | 4.27% |
| PPL Corp. |
116.35%
247,784
|
$6,403,000 | 4.25% |
| Essential Utils Inc |
120.33%
151,251
|
$6,389,000 | 4.24% |
| Eversource Energy |
Opened
76,540
|
$6,373,000 | 4.23% |
| Consolidated Edison, Inc. |
Opened
88,565
|
$6,370,000 | 4.23% |
| Vistra Energy Corp |
Opened
341,692
|
$6,362,000 | 4.22% |
| Algonquin Pwr Utils Corp |
Opened
491,425
|
$6,348,000 | 4.22% |
| Evergy, Inc. |
6.65%
106,891
|
$6,338,000 | 4.21% |
| Pge Corp |
116.63%
710,718
|
$6,304,000 | 4.19% |
| CMS Energy Corp. |
Opened
107,290
|
$6,268,000 | 4.16% |
| Pnm Res Inc |
80.99%
162,397
|
$6,243,000 | 4.15% |
| Duke Energy Corp. |
Closed
61,630
|
$4,985,000 | |
| Barclays Bk Plc |
Opened
118,821
|
$4,034,000 | 2.68% |
| Pinnacle West Cap Corp |
Closed
47,417
|
$3,594,000 | |
| ALLETE, Inc. |
Closed
42,508
|
$2,579,000 | |
| WEC Energy Group, Inc. |
Closed
26,759
|
$2,358,000 | |
| Atlantica Yield Plc |
Closed
105,245
|
$2,347,000 | |
| New Fortress Energy LLC |
22.43%
60,396
|
$783,000 | 0.52% |
| Tallgrass Energy Lp |
Closed
44,619
|
$734,000 | |
| Alps Etf Tr |
Closed
182,743
|
$629,000 | |
| Enphase Energy, Inc. |
Opened
8,809
|
$419,000 | 0.28% |
| No transactions found | |||
| Showing first 500 out of 28 holdings | |||