Bluescape Energy Partners LLC
Long book
$322.1M
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+3.4%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsBluescape Energy Partners LLC is a diversified fundamental manager, specialised in utilities (83% of the long book), running a $322.1M US long book across 5 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: EVERGY INC, NRG ENERGY INC, RILEY EXPLORATION PERMIAN IN, 5E ADVANCED MATERIALS INC, VERDE CLEAN FUELS INC.
Over the last 9 quarters its long book ran on average 0.8pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.4%
Q2 2024
+10.2%
Q3 2024
+6.5%
Q4 2024
+3.9%
Q1 2025
+8.2%
Q2 2025
+6.9%
Q3 2025
-3.4%
Q4 2025
+13.8%
Q1 2026
+3.4%
Sector allocation
Utilities 83%
Energy 11%
Materials 5%
Other 0%
Long book by quarter
What does Bluescape Energy own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| EVRG EVERGY INC | Utilities | 2.7M | $217.7M | 67.6% | Held |
| NRG NRG ENERGY INC | Utilities | 342.3K | $50.0M | 15.5% | Held |
| REPX RILEY EXPLORATION PERMIAN IN | Energy | 990.0K | $36.1M | 11.2% | -76.2% |
| FEAM 5E ADVANCED MATERIALS INC | Materials | 12.1M | $17.0M | 5.3% | +49.2% |
| VGAS VERDE CLEAN FUELS INC | Other | 800.0K | $1.4M | 0.4% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 5 | $322.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 5 | $383.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 6 | $430.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 6 | $411.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 6 | $432.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 5 | $420.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 5 | $438.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 5 | $418.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 5 | $447.0M | canonical | SEC ↗ |
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