Electron Capital Partners’ Latest 13F Shows Strong Focus on Utilities
Based in New York, James Shaver’s Electron Capital Partners is a financial investment advisory firm. In its latest round of 13 filings, Electron Capital Partners has released its first 13F. The fund has revealed a total of 22 positions. The value of the fund’s equity portfolio was more than $110 million. The utilities stocks represent over a half of the portfolio.
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.