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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
+56.76%
1 Year Est. Return
+94.03%
3 Year Est. Return
+264.8%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$612M
AUM Growth
-$579M
(-49%)
Cap. Flow
-$791M
Cap. Flow
% of AUM
-129.2%
Top 10 Holdings %
Top 10 Hldgs %
51.21%
Holding
89
New
24
Increased
3
Reduced
13
Closed
49
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Match Group
MTCH
|
+$25.8M |
| 2 |
Walmart Inc
WMT
|
+$20M |
| 3 |
Spotify
SPOT
|
+$18.9M |
| 4 |
Roku
ROKU
|
+$18.2M |
| 5 |
Micron Technology
MU
|
+$17.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$54.2M |
| 2 |
Netflix
NFLX
|
+$42.9M |
| 3 |
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
|
+$34.4M |
| 4 |
XPO
XPO
|
+$28.3M |
| 5 |
Live Nation Entertainment
LYV
|
+$27.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.45% |
| 2 | Communication Services | 17.85% |
| 3 | Consumer Discretionary | 5.6% |
| 4 | Consumer Staples | 4.1% |
| 5 | Industrials | 1.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
NVIDIA
NVDA
$5.01T
| $8.55M | 1.4% |
900,000
+110,000
| +14% | +$890K |
|
|
GAP
27
PUT
The Gap Inc
GAP
$7.38B
| $8.46M | 1.38% |
+670,000
| New | +$6.04M |
|
|
TMX
28
DELISTED
Terminix Global Holdings, Inc.
TMX
| $8.03M | 1.31% |
+225,000
| New | +$6.94M |
|
|
29
Live Nation Entertainment
LYV
$42.3B
| $6.21M | 1.01% |
140,000
-633,100
| -82% | -$27.8M |
|
30
Chegg
CHGG
$114M
| $5.68M | 0.93% |
+84,500
| New | +$4.51M |
|
|
AYX
31
DELISTED
Alteryx Inc
AYX
| $5.55M | 0.91% |
+33,800
| New | +$4.38M |
|
32
Etsy
ETSY
$7.89B
| $5.24M | 0.86% |
+49,300
| New | +$3.65M |
|
33
Keysight
KEYS
$55B
| $5.1M | 0.83% |
+50,600
| New | +$4.97M |
|
34
CALL
MGM Resorts International
MGM
$11.4B
| $5.04M | 0.82% |
300,000
-400,000
| -57% | -$6.46M |
|
35
CALL
Bath & Body Works
BBWI
$4.23B
| $4.49M | 0.73% |
+371,100
| New | +$4.14M |
|
|
GAP
36
CALL
The Gap Inc
GAP
$7.38B
| $4.24M | 0.69% |
+336,000
| New | +$3.03M |
|
37
Dynatrace
DT
$12.9B
| $4.08M | 0.67% |
+100,500
| New | +$3.31M |
|
|
BBBY
38
CALL
DELISTED
Bed Bath & Beyond Inc
BBBY
| $3.56M | 0.58% |
336,000
-429,400
| -56% | -$2.96M |
|
39
Criteo S.A. Ordinary Shares
CRTO
$1.07B
| $2.69M | 0.44% |
+236,000
| New | +$2.48M |
|
40
CALL
Macy's
M
$6.83B
| $2.31M | 0.38% |
+336,000
| New | +$2.07M |
|
41
CALL
American Eagle Outfitters
AEO
$2.99B
| – | – |
-330,000
| Closed | -$2.62M |
|
42
CALL
Aptiv
APTV
$12.1B
| – | – |
-500,000
| Closed | -$24.6M |
|
43
CALL
CrowdStrike
CRWD
$206B
| – | – |
-880,000
| Closed | -$12.3M |
|
44
DraftKings
DKNG
$11.7B
| – | – |
-478,810
| Closed | -$13.2M |
|
45
CALL
Domino's
DPZ
$12.1B
| – | – |
-50,000
| Closed | -$16.2M |
|
46
CALL
Elastic
ESTC
$7.15B
| – | – |
-400,000
| Closed | -$22.3M |
|
47
Fidelity National Information Services
FIS
$23.1B
| – | – |
-125,850
| Closed | -$15.3M |
|
|
48
PUT
Fidelity National Information Services
FIS
$23.1B
| – | – |
-100,000
| Closed | -$12.2M |
|
49
PUT
Fox Class A
FOXA
$24.6B
| – | – |
-100,000
| Closed | -$2.36M |
|
50
CALL
General Motors
GM
$76.9B
| – | – |
-400,000
| Closed | -$8.31M |
|
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Black-and-white Capital's Q2 2020 Portfolio in Review
As of Q2 2020, Black-and-white Capital held 89 positions worth $612M, down 49% from $1.19B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Black-and-white Capital withdrew a net $791M in Q2 2020, closing 49 positions and reducing 13 holdings. Its most notable exit was Netflix, an estimated $42.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 24% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Black-and-white Capital opened a new position in Walmart Inc worth $19.4M.
- Black-and-white Capital's largest Q2 2020 buy was Walmart Inc: 486,300 shares worth $19.4M.
- Black-and-white Capital added most to Match Group in Q2 2020, an estimated $25.8M increase.
- Black-and-white Capital's biggest Q2 2020 reduction was Walt Disney, cutting an estimated $54.2M.
- Black-and-white Capital fully exited Netflix in Q2 2020, selling an estimated $42.9M.
- Black-and-white Capital's ten largest holdings make up 51% of its $612M portfolio in Q2 2020.
- Black-and-white Capital opened 24 new positions and closed 49 in Q2 2020.
- Black-and-white Capital's portfolio value fell 49% quarter-over-quarter to $612M.
Based on Black-and-white Capital's 13F filing for Q2 2020, filed 14 Aug 2020.