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

The 10 Biggest Airports in the World

The 5 Most Gang Infested Cities In America

The 34 Smartest Countries in the World

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

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!