Electron Capital Partners’ Latest 13F Shows Strong Focus on Utilities

New York-based Electron Capital Partners is an equity long/short global utility and infrastructure hedge fund that was founded by James Shaver and his team in March 2013. Electron Capital currently have around $220 million in AUM. Previously, Jos Shaver and his team worked together at Steve Cohen‘s SAC Capital Advisors LP, managing its long/short global utility and infrastructure portfolio. Mr. Shaver has covered the global utility sector for more than 21 years. He also led the project finance debt group and the utility investment banking group at UBS in Asia. Shaver earned his BA from Colgate University and his MBA from Columbia Business School.

In the latest round of 13 filings, Electron Capital Partners has released its first 13F. The fund has revealed a total of 22 positions, worth in aggregate over $110 million. The utilities stocks represent over a half of the portfolio.

NRG Yield

We have selected the top five holdings in term of value from the fund’s equity portfolio. On the top position is NRG Yield Inc (NYSE:NYLD), in which Electron Capital Partners revealed ownership of 479,400 shares, with a reported value of nearly $20 million. On Feb. 4, the company said it plans to commence an offering of $300 million of its convertible senior notes due 2019. The company also expects to grant the underwriters a 30 day option to purchase up to an additional $45 million of notes.

NextEra Energy Inc. (NYSE:NEE) is the second-largest holding, in which the fund owns 157,500 shares, worth more than $13 million. NextEra Energy Inc. (NYSE:NEE) is a clean energy company with consolidated revenues of about $15.1 billion, about 42,500 megawatts of generating capacity, and about 13,900 employees in 26 states and Canada as of year-end 2013.

The third position is held by NiSource Inc. (NYSE:NI), which is engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution. In the company, Electron Capital Partners disclosed owning of 274,500 shares, with a reported value of over $9 million.

On the fourth spot is The AES Corporation (NYSE:AES), in which the fund holds 597,700 shares, worth close to $9 million. The AES Corporation (NYSE:AES) provides affordable, sustainable energy to 21 countries through its diverse portfolio of distribution businesses as well as thermal and renewable generation facilities.

Hawaiian Electric Industries Inc. (NYSE:HE), comes in fifth, Electron Capital Partners holding 304,800 shares, with a reported value of around $8 million. Hawaiian Electric Industries Inc. (NYSE:HE), through its subsidiaries, is engaged in electric utility and banking businesses operating primarily in the State of Hawaii.

Disclosure: none

Recommended reading:

Stuart Weisbrod’s Iguana Healthcare Management Is Fond of These Stocks

Hedge Fund News: George Soros, Thomas Steyer & Nouriel Roubini

Druckenmiller’s 4Q13 Portfolio Changes

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!