Electron Capital Partner’s Return, AUM, and Holdings

During Q4 of 2018, the fund had added nine new positions to its portfolio. Among those were Scana Corp (NYSE: SCG), where the fund acquired 1,975,666 shares valued $94.40 million. Scana was a regulated electric and natural gas public utility. As of January 2019, Scana was acquired by Dominion Energy (NYSE:D), which is also the second new addition to the fund’s portfolio with 360,147 shares worth $25.74 million.

At the same time, Electron Capital seemed to increase its interest in some of its positions. For instance, it raised its stake in Enphase Energy Inc. (NASDAQ:ENPH) by 146% acquiring 4,936,956 shares assessed in $23.35 million. Also, the fund’s holdings in Sempra Energy (NYSE:SRE) were given a boost of 131% amounting 516,113 shares with a value of $55.84.
On the other hand, the fund decided to trim its stock in five of its positions. It lowered its investment by 61% in Advanced Disposal Services Inc. (NYSE:ADSW) to 439,404 shares with a value of $10.52 million. Furthermore, its stake in Tellurian Inc. (NASDAQ:TELL) was reduced by 23% acquiring a total of 1,933,985 shares valued at $13.44 million.

During the fourth quarter of 2018, Electron Capital decided to let go of six positions of its equity portfolio. It sold out its 1,436,542 shares in PG&E Corp (Pacific Gas & Electric) (NYSE:PCG) assessed in $66.10 million, and its 1,434,698 shares in NRG Energy Inc. (NYSE:NRG) valued in $53.66 million.

Disclosure: None

This article was originally published in Insider Monkey.