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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
+9.52%
1 Year Est. Return
+94.03%
3 Year Est. Return
+264.8%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$635M
AUM Growth
-$16.6M
(-2.5%)
Cap. Flow
-$44M
Cap. Flow
% of AUM
-6.93%
Top 10 Holdings %
Top 10 Hldgs %
62%
Holding
44
New
17
Increased
4
Reduced
10
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$56.6M |
| 2 |
General Motors
GM
|
+$34.5M |
| 3 |
Western Digital
WDC
|
+$28.5M |
| 4 |
Domino's
DPZ
|
+$26.8M |
| 5 |
PPLI
People Inc
PPLI
|
+$23.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$32.6M |
| 2 |
Match Group
MTCH
|
+$31.7M |
| 3 |
HAPN
Happen Inc
HAPN
|
+$16.1M |
| 4 |
XPO
XPO
|
+$13.6M |
| 5 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$10.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.24% |
| 2 | Industrials | 19.74% |
| 3 | Consumer Discretionary | 18.89% |
| 4 | Communication Services | 15.57% |
| 5 | Materials | 0.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Match Group
MTCH
$9.19B
| $5.78M | 0.91% |
130,000
-820,000
| -86% | -$31.7M |
|
|
TGNA
27
DELISTED
TEGNA Inc
TGNA
| $5.18M | 0.82% |
+455,000
| New | +$6.21M |
|
28
Albemarle
ALB
$13.9B
| $4.82M | 0.76% |
52,000
-38,000
| -42% | -$4.19M |
|
|
LGF.A
29
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $4.13M | 0.65% |
+160,000
| New | +$4.87M |
|
|
TRUE
30
CALL
DELISTED
TrueCar
TRUE
| $1.89M | 0.3% |
+200,000
| New | +$2.23M |
|
31
Dropbox
DBX
$7.6B
| $1.41M | 0.22% |
+45,000
| New | +$1.36M |
|
|
HDP
32
CALL
DELISTED
Hortonworks, Inc.
HDP
| $560K | 0.09% |
+27,500
| New | +$541K |
|
33
PUT
Amazon
AMZN
$2.92T
| – | – |
-800,000
| Closed | -$46.8M |
|
34
CALL
Etsy
ETSY
$7.75B
| – | – |
-1,388,200
| Closed | -$28.4M |
|
35
Corning
GLW
$119B
| – | – |
-200,000
| Closed | -$6.4M |
|
36
PUT
Alphabet (Google) Class A
GOOGL
$4.36T
| – | – |
-1,000,000
| Closed | -$52.7M |
|
37
PUT
Kroger
KR
$35.4B
| – | – |
-200,000
| Closed | -$5.49M |
|
|
HAPN
38
Happen Inc
HAPN
$2.21B
| – | – |
-778,500
| Closed | -$16.1M |
|
|
39
Netflix
NFLX
$299B
| – | – |
-1,700,000
| Closed | -$32.6M |
|
40
CALL
Seagate
STX
$194B
| – | – |
-200,000
| Closed | -$8.37M |
|
|
41
PUT
Western Digital
WDC
$188B
| – | – |
-297,675
| Closed | -$17.9M |
|
42
Corpay
CPAY
$25B
| – | – |
-40,000
| Closed | -$7.7M |
|
|
XYZ
43
PUT
Block Inc
XYZ
$48.4B
| – | – |
-400,000
| Closed | -$13.9M |
|
|
ARRS
44
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| – | – |
-400,000
| Closed | -$10.3M |
|
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Black-and-white Capital's Q1 2018 Portfolio in Review
As of Q1 2018, Black-and-white Capital held 44 positions worth $635M, down 2.5% from $652M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Black-and-white Capital withdrew a net $44M in Q1 2018, closing 12 positions and reducing 10 holdings. Its most notable exit was Netflix, an estimated $32.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 14% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Black-and-white Capital opened a new position in Meta Platforms (Facebook) worth $50.3M.
- Black-and-white Capital's largest Q1 2018 buy was Meta Platforms (Facebook): 315,000 shares worth $50.3M.
- Black-and-white Capital added most to Western Digital in Q1 2018, an estimated $28.5M increase.
- Black-and-white Capital's biggest Q1 2018 reduction was Match Group, cutting an estimated $31.7M.
- Black-and-white Capital fully exited Netflix in Q1 2018, selling an estimated $32.6M.
- Black-and-white Capital's ten largest holdings make up 62% of its $635M portfolio in Q1 2018.
- Black-and-white Capital opened 17 new positions and closed 12 in Q1 2018.
- Black-and-white Capital's portfolio value fell 2.5% quarter-over-quarter to $635M.
Based on Black-and-white Capital's 13F filing for Q1 2018, filed 15 May 2018.