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BAWC
Black-and-white Capital Portfolio holdings
AUM
$967M
1-Year Est. Return
94.03%
This Fund
S&P 500
This Quarter
Est. Return
+13.35%
1 Year Est. Return
+94.03%
3 Year Est. Return
+264.8%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$967M
AUM Growth
-$573M
(-37%)
Cap. Flow
-$695M
Cap. Flow
% of AUM
-71.86%
Top 10 Holdings %
Top 10 Hldgs %
77.2%
Holding
36
New
6
Increased
5
Reduced
13
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RH
RH
|
+$18.4M |
| 2 |
DoorDash
DASH
|
+$11.5M |
| 3 |
Chewy
CHWY
|
+$8.53M |
| 4 |
Lyft
LYFT
|
+$8.44M |
| 5 |
AVLR
Avalara, Inc.
AVLR
|
+$7.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$48.2M |
| 2 |
DraftKings
DKNG
|
+$46.7M |
| 3 |
Elastic
ESTC
|
+$40.9M |
| 4 |
NXP Semiconductors
NXPI
|
+$39.7M |
| 5 |
Twilio
TWLO
|
+$34.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.16% |
| 2 | Consumer Discretionary | 21.83% |
| 3 | Communication Services | 11.2% |
| 4 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
Amazon
AMZN
$2.66T
| $224M | 23.12% |
+1,300,000
| New | +$216M |
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$788B
| $85.6M | 8.85% |
200,000
-300,000
| -60% | -$125M |
|
3
PUT
Invesco QQQ Trust
QQQ
$471B
| $70.9M | 7.33% |
200,000
-1,175,000
| -85% | -$395M |
|
4
Match Group
MTCH
$9.06B
| $67.7M | 7% |
419,800
-42,200
| -9% | -$6.18M |
|
5
Booking.com
BKNG
$137B
| $61.2M | 6.33% |
699,250
-21,750
| -3% | -$2.03M |
|
|
6
Amazon
AMZN
$2.66T
| $57.8M | 5.97% |
335,800
-33,200
| -9% | -$5.52M |
|
7
WIX.com
WIX
$2.14B
| $52M | 5.37% |
179,100
-92,300
| -34% | -$25.9M |
|
|
8
RH
RH
$3.41B
| $45.2M | 4.67% |
66,600
+28,400
| +74% | +$18.4M |
|
9
RingCentral
RNG
$3.32B
| $42.1M | 4.35% |
144,800
+19,700
| +16% | +$5.62M |
|
10
Western Digital
WDC
$189B
| $40.7M | 4.21% |
756,756
-433,283
| -36% | -$23.4M |
|
|
11
Meta Platforms (Facebook)
META
$1.65T
| $28.9M | 2.99% |
83,100
-150,200
| -64% | -$48.2M |
|
|
AVLR
12
DELISTED
Avalara, Inc.
AVLR
| $28.5M | 2.94% |
176,000
+54,000
| +44% | +$7.53M |
|
|
13
Elastic
ESTC
$6.22B
| $26M | 2.69% |
178,500
-327,000
| -65% | -$40.9M |
|
|
BRSL
14
Brightstar Lottery PLC
BRSL
$1.95B
| $24.2M | 2.5% |
1,010,300
+137,500
| +16% | +$2.88M |
|
15
Zoom
ZM
$26.2B
| $18.7M | 1.93% |
48,200
-11,450
| -19% | -$3.81M |
|
|
16
DoorDash
DASH
$81.7B
| $14M | 1.45% |
+78,600
| New | +$11.5M |
|
17
Kulicke & Soffa
KLIC
$5.63B
| $13.2M | 1.37% |
215,800
| – | – |
|
|
18
Twilio
TWLO
$29.7B
| $12.5M | 1.3% |
31,800
-99,250
| -76% | -$34.5M |
|
19
Rambus
RMBS
$11.5B
| $10.5M | 1.09% |
442,800
+176,300
| +66% | +$3.55M |
|
|
EVRI
20
CALL
DELISTED
Everi Holdings
EVRI
| $9.48M | 0.98% |
+380,000
| New | +$7.17M |
|
|
21
Lyft
LYFT
$5.77B
| $8.87M | 0.92% |
+146,700
| New | +$8.44M |
|
|
22
Chewy
CHWY
$8.85B
| $8.79M | 0.91% |
+110,300
| New | +$8.53M |
|
23
Criteo
CRTO
$1.09B
| $7.82M | 0.81% |
+172,813
| New | +$6.66M |
|
|
24
CALL
Western Digital
WDC
$189B
| $5.2M | 0.54% |
96,579
-738,896
| -88% | -$40M |
|
|
NGMS
25
DELISTED
NeoGames S.A. Ordinary Shares
NGMS
| $3.92M | 0.41% |
63,800
-23,600
| -27% | -$1.23M |
|
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Black-and-white Capital's Q2 2021 Portfolio in Review
As of Q2 2021, Black-and-white Capital held 36 positions worth $967M, down 37% from $1.54B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Black-and-white Capital withdrew a net $695M in Q2 2021, closing 11 positions and reducing 13 holdings. Its most notable exit was DraftKings, an estimated $46.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Black-and-white Capital opened a new position in DoorDash worth $14M.
- Black-and-white Capital's largest Q2 2021 buy was DoorDash: 78,600 shares worth $14M.
- Black-and-white Capital added most to RH in Q2 2021, an estimated $18.4M increase.
- Black-and-white Capital's biggest Q2 2021 reduction was Meta Platforms (Facebook), cutting an estimated $48.2M.
- Black-and-white Capital fully exited DraftKings in Q2 2021, selling an estimated $46.7M.
- Black-and-white Capital's ten largest holdings make up 77% of its $967M portfolio in Q2 2021.
- Black-and-white Capital opened 6 new positions and closed 11 in Q2 2021.
- Black-and-white Capital's portfolio value fell 37% quarter-over-quarter to $967M.
Based on Black-and-white Capital's 13F filing for Q2 2021, filed 16 Aug 2021.