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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
+8.47%
1 Year Est. Return
+94.03%
3 Year Est. Return
+264.8%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.46B
AUM Growth
+$732M
(+101%)
Cap. Flow
+$691M
Cap. Flow
% of AUM
47.46%
Top 10 Holdings %
Top 10 Hldgs %
46.34%
Holding
68
New
29
Increased
11
Reduced
7
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$75.6M |
| 2 |
Netflix
NFLX
|
+$48.5M |
| 3 |
Uber
UBER
|
+$32.9M |
| 4 |
WP
Worldpay, Inc.
WP
|
+$26.1M |
| 5 |
Dropbox
DBX
|
+$17.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPLI
People Inc
PPLI
|
+$34.7M |
| 2 |
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
|
+$24.7M |
| 3 |
Expedia Group
EXPE
|
+$11.9M |
| 4 |
DATA
Tableau Software, Inc.
DATA
|
+$11.5M |
| 5 |
Match Group
MTCH
|
+$6.54M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 24.14% |
| 2 | Technology | 9.72% |
| 3 | Consumer Discretionary | 9.7% |
| 4 | Industrials | 0.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
Yelp
YELP
$1.54B
| $20.5M | 1.41% |
+600,000
| New | +$20.8M |
|
|
27
Dropbox
DBX
$7.78B
| $19.3M | 1.32% |
+770,000
| New | +$17.8M |
|
|
WWE
28
DELISTED
World Wrestling Entertainment
WWE
| $19.1M | 1.31% |
265,000
-65,000
| -20% | -$5.32M |
|
29
Madison Square Garden
MSGS
$9.59B
| $18.2M | 1.25% |
91,130
+35,050
| +63% | +$7.46M |
|
30
PUT
Target
TGT
$66.3B
| $17.3M | 1.19% |
200,000
-100,000
| -33% | -$8.08M |
|
|
AVLR
31
DELISTED
Avalara, Inc.
AVLR
| $15.9M | 1.09% |
+220,000
| New | +$14.2M |
|
|
XYZ
32
Block Inc
XYZ
$48.9B
| $15.6M | 1.07% |
215,000
-60,000
| -22% | -$4.19M |
|
33
CALL
Meta Platforms (Facebook)
META
$1.49T
| $14.5M | 0.99% |
+75,000
| New | +$13.7M |
|
34
New York Times
NYT
$12.6B
| $14M | 0.96% |
430,000
+130,000
| +43% | +$4.33M |
|
35
PUT
Chewy
CHWY
$9.54B
| $14M | 0.96% |
+400,000
| New | +$13.5M |
|
|
GRUB
36
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $11.8M | 0.81% |
+75,586
| New | +$10.3M |
|
|
BBBY
37
PUT
DELISTED
Bed Bath & Beyond Inc
BBBY
| $11.6M | 0.8% |
1,000,000
-250,000
| -20% | -$3.71M |
|
38
Snap
SNAP
$7.96B
| $11.4M | 0.79% |
+800,000
| New | +$9.78M |
|
39
PUT
Mattel
MAT
$4.47B
| $11.2M | 0.77% |
+1,000,000
| New | +$11.7M |
|
40
Yext
YEXT
$573M
| $10.7M | 0.74% |
535,000
+385,000
| +257% | +$7.93M |
|
41
PUT
Ford
F
$60.9B
| $10.2M | 0.7% |
+1,000,000
| New | +$9.86M |
|
|
JWN
42
CALL
DELISTED
Nordstrom
JWN
| $9.56M | 0.66% |
+300,000
| New | +$11.3M |
|
|
GAP
43
PUT
The Gap Inc
GAP
$7.3B
| $8.98M | 0.62% |
+500,000
| New | +$11.2M |
|
44
CALL
Urban Outfitters
URBN
$6.46B
| $6.83M | 0.47% |
+300,000
| New | +$8.13M |
|
45
CALL
American Eagle Outfitters
AEO
$2.94B
| $5.07M | 0.35% |
+300,000
| New | +$6.07M |
|
|
WORK
46
DELISTED
Slack Technologies, Inc.
WORK
| $4.29M | 0.29% |
+114,336
| New | +$4.21M |
|
47
Live Nation Entertainment
LYV
$42.9B
| $3.78M | 0.26% |
57,000
-93,000
| -62% | -$5.97M |
|
|
I
48
DELISTED
INTELSAT S. A.
I
| $973K | 0.07% |
50,000
| – | – |
|
49
PUT
Aptiv
APTV
$12.3B
| – | – |
-150,000
| Closed | -$11.9M |
|
50
PUT
Salesforce
CRM
$154B
| – | – |
-200,000
| Closed | -$31.7M |
|
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Black-and-white Capital's Q2 2019 Portfolio in Review
As of Q2 2019, Black-and-white Capital held 68 positions worth $1.46B, up 101% from $725M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Black-and-white Capital deployed $691M of net new capital in Q2 2019, opening 29 new positions and adding to 11 existing holdings. Its largest new stake was Walt Disney: 570,000 shares worth $79.6M.
By sector, the portfolio is most concentrated in Communication Services at 24% of assets, down from 30% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was ZYNGA INC. CL A COMMON, an estimated $24.7M trimmed.
- Black-and-white Capital's largest Q2 2019 buy was Walt Disney: 570,000 shares worth $79.6M.
- Black-and-white Capital added most to Netflix in Q2 2019, an estimated $48.5M increase.
- Black-and-white Capital's biggest Q2 2019 reduction was ZYNGA INC. CL A COMMON, cutting an estimated $24.7M.
- Black-and-white Capital fully exited People Inc in Q2 2019, selling an estimated $34.7M.
- Black-and-white Capital's ten largest holdings make up 46% of its $1.46B portfolio in Q2 2019.
- Black-and-white Capital opened 29 new positions and closed 20 in Q2 2019.
- Black-and-white Capital's portfolio value rose 101% quarter-over-quarter to $1.46B.
Based on Black-and-white Capital's 13F filing for Q2 2019, filed 14 Aug 2019.