We are live on
!
Find out more
BAWC
Black-and-white Capital Portfolio holdings
AUM
$967M
1-Year Est. Return
94.03%
This Fund
S&P 500
This Quarter
Est. Return
-0.74%
1 Year Est. Return
+94.03%
3 Year Est. Return
+264.8%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.07B
AUM Growth
-$384M
(-26%)
Cap. Flow
-$341M
Cap. Flow
% of AUM
-31.75%
Top 10 Holdings %
Top 10 Hldgs %
55.4%
Holding
70
New
22
Increased
8
Reduced
10
Closed
28
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
|
+$42.1M |
| 2 |
Fidelity National Information Services
FIS
|
+$33.9M |
| 3 |
AVLR
Avalara, Inc.
AVLR
|
+$33.2M |
| 4 |
WWE
World Wrestling Entertainment
WWE
|
+$24M |
| 5 |
Match Group
MTCH
|
+$18.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$73.5M |
| 2 |
Uber
UBER
|
+$35.9M |
| 3 |
Walt Disney
DIS
|
+$33.9M |
| 4 |
Advance Auto Parts
AAP
|
+$27.7M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 24.97% |
| 2 | Technology | 17.47% |
| 3 | Consumer Discretionary | 7.49% |
| 4 | Industrials | 2.58% |
| 5 | Consumer Staples | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
BorgWarner
BWA
$13.1B
| $11M | 1.03% |
340,800
-397,600
| -54% | -$12.8M |
|
|
27
CALL
Match Group
MTCH
$9.19B
| $10.7M | 1% |
+150,000
| New | +$11.7M |
|
28
PUT
Warner Bros
WBD
$65.9B
| $10.7M | 0.99% |
+400,000
| New | +$11.6M |
|
|
ZEN
29
DELISTED
ZENDESK INC
ZEN
| $10.2M | 0.95% |
+140,000
| New | +$11.5M |
|
30
CALL
Roku
ROKU
$21.5B
| $10.2M | 0.95% |
+100,000
| New | +$12.2M |
|
31
Marvell Technology
MRVL
$168B
| $9.99M | 0.93% |
+400,000
| New | +$10M |
|
|
FTCH
32
PUT
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $9.5M | 0.89% |
+1,100,000
| New | +$15.8M |
|
|
BBBY
33
PUT
DELISTED
Bed Bath & Beyond Inc
BBBY
| $7.02M | 0.65% |
660,000
-340,000
| -34% | -$3.28M |
|
|
AVLR
34
CALL
DELISTED
Avalara, Inc.
AVLR
| $6.73M | 0.63% |
+100,000
| New | +$8.09M |
|
35
PUT
Signet Jewelers
SIG
$3.61B
| $6.7M | 0.63% |
+400,000
| New | +$6.29M |
|
|
P
36
Everpure Inc
P
$25.7B
| $6.27M | 0.58% |
+370,000
| New | +$5.8M |
|
37
Dropbox
DBX
$7.6B
| $6.05M | 0.56% |
300,000
-470,000
| -61% | -$10M |
|
38
Chegg
CHGG
$110M
| $5.99M | 0.56% |
+200,000
| New | +$7.93M |
|
|
SFIX
39
PUT
Stitch Fix
SFIX
$536M
| $5.78M | 0.54% |
+300,000
| New | +$6.97M |
|
|
BBBY
40
CALL
DELISTED
Bed Bath & Beyond Inc
BBBY
| $3.19M | 0.3% |
+300,000
| New | +$2.9M |
|
41
PUT
Urban Outfitters
URBN
$6.35B
| $2.81M | 0.26% |
+100,000
| New | +$2.33M |
|
|
I
42
DELISTED
INTELSAT S. A.
I
| $1.14M | 0.11% |
50,000
| – | – |
|
|
43
Advance Auto Parts
AAP
$3.35B
| – | – |
-180,000
| Closed | -$27.7M |
|
44
PUT
Apple
AAPL
$4.54T
| – | – |
-1,120,000
| Closed | -$55.4M |
|
45
CALL
American Eagle Outfitters
AEO
$2.88B
| – | – |
-300,000
| Closed | -$5.07M |
|
46
PUT
C.H. Robinson
CHRW
$17.4B
| – | – |
-400,000
| Closed | -$33.7M |
|
47
PUT
Chewy
CHWY
$9.25B
| – | – |
-400,000
| Closed | -$14M |
|
|
48
PUT
Walt Disney
DIS
$167B
| – | – |
-300,000
| Closed | -$41.9M |
|
49
PUT
Electronic Arts
EA
$53B
| – | – |
-350,000
| Closed | -$35.4M |
|
50
PUT
Ford
F
$58.5B
| – | – |
-1,000,000
| Closed | -$10.2M |
|
Similar funds
JJIJ
NNP
RP
NIA
SCM
EMG
APA
HFA
Black-and-white Capital's Q3 2019 Portfolio in Review
As of Q3 2019, Black-and-white Capital held 70 positions worth $1.07B, down 26% from $1.46B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Black-and-white Capital withdrew a net $341M in Q3 2019, closing 28 positions and reducing 10 holdings. Its most notable exit was Netflix, an estimated $73.5M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 25% of assets, up from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Black-and-white Capital opened a new position in Fidelity National Information Services worth $33.9M.
- Black-and-white Capital's largest Q3 2019 buy was Fidelity National Information Services: 255,000 shares worth $33.9M.
- Black-and-white Capital added most to ZYNGA INC. CL A COMMON in Q3 2019, an estimated $42.1M increase.
- Black-and-white Capital's biggest Q3 2019 reduction was Walt Disney, cutting an estimated $33.9M.
- Black-and-white Capital fully exited Netflix in Q3 2019, selling an estimated $73.5M.
- Black-and-white Capital's ten largest holdings make up 55% of its $1.07B portfolio in Q3 2019.
- Black-and-white Capital opened 22 new positions and closed 28 in Q3 2019.
- Black-and-white Capital's portfolio value fell 26% quarter-over-quarter to $1.07B.
Based on Black-and-white Capital's 13F filing for Q3 2019, filed 14 Nov 2019.