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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
+22.16%
1 Year Est. Return
+94.03%
3 Year Est. Return
+264.8%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$935M
AUM Growth
+$323M
(+53%)
Cap. Flow
+$273M
Cap. Flow
% of AUM
29.22%
Top 10 Holdings %
Top 10 Hldgs %
55.88%
Holding
58
New
18
Increased
10
Reduced
6
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Etsy
ETSY
|
+$41.9M |
| 2 |
Netflix
NFLX
|
+$39.3M |
| 3 |
Shopify
SHOP
|
+$33.7M |
| 4 |
PENN Entertainment
PENN
|
+$26.8M |
| 5 |
Booking.com
BKNG
|
+$25M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
|
+$21.9M |
| 2 |
CrowdStrike
CRWD
|
+$21M |
| 3 |
Walmart Inc
WMT
|
+$19.4M |
| 4 |
SMAR
Smartsheet Inc.
SMAR
|
+$17.2M |
| 5 |
ZEN
ZENDESK INC
ZEN
|
+$16.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.65% |
| 2 | Communication Services | 21.29% |
| 3 | Consumer Discretionary | 14.4% |
| 4 | Real Estate | 1.04% |
| 5 | Consumer Staples | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
CALL
Etsy
ETSY
$7.89B
| $13.7M | 1.47% |
+113,000
| New | +$13.2M |
|
|
ZNGA
27
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $13.5M | 1.45% |
1,485,000
-2,355,000
| -61% | -$21.9M |
|
28
Cloudflare
NET
$101B
| $12.8M | 1.36% |
310,600
-253,400
| -45% | -$9.7M |
|
29
CALL
Match Group
MTCH
$8.51B
| $12.5M | 1.34% |
113,000
-111,000
| -50% | -$11.8M |
|
30
Roku
ROKU
$22.3B
| $11.8M | 1.27% |
62,700
-96,300
| -61% | -$15.2M |
|
31
O'Reilly Automotive
ORLY
$76.1B
| $10.4M | 1.11% |
+337,500
| New | +$10.3M |
|
32
Lamar Advertising Co
LAMR
$16.2B
| $9.71M | 1.04% |
+146,700
| New | +$9.74M |
|
33
Snowflake
SNOW
$110B
| $5.02M | 0.54% |
+20,000
| New | +$4.76M |
|
34
PUT
SiriusXM
SIRI
$10B
| $4.29M | 0.46% |
+80,000
| New | +$4.59M |
|
35
PUT
Apple
AAPL
$4.56T
| – | – |
-400,000
| Closed | -$36.5M |
|
36
Aptiv
APTV
$9.6B
| – | – |
-118,025
| Closed | -$9.2M |
|
37
CALL
Bath & Body Works
BBWI
$4.07B
| – | – |
-371,100
| Closed | -$4.49M |
|
38
Chegg
CHGG
$93.4M
| – | – |
-84,500
| Closed | -$5.68M |
|
39
Criteo S.A. Ordinary Shares
CRTO
$878M
| – | – |
-236,000
| Closed | -$2.69M |
|
|
40
PUT
CrowdStrike
CRWD
$210B
| – | – |
-1,200,000
| Closed | -$30.1M |
|
41
PUT
DraftKings
DKNG
$10.9B
| – | – |
-300,000
| Closed | -$9.98M |
|
42
Dynatrace
DT
$14.1B
| – | – |
-100,500
| Closed | -$4.08M |
|
43
General Motors
GM
$76.1B
| – | – |
-394,000
| Closed | -$9.97M |
|
44
Keysight
KEYS
$57.9B
| – | – |
-50,600
| Closed | -$5.1M |
|
45
CALL
Macy's
M
$6.66B
| – | – |
-336,000
| Closed | -$2.31M |
|
46
CALL
MGM Resorts International
MGM
$11.4B
| – | – |
-300,000
| Closed | -$5.04M |
|
|
47
PUT
Cloudflare
NET
$101B
| – | – |
-270,000
| Closed | -$9.71M |
|
48
NVIDIA
NVDA
$5.32T
| – | – |
-900,000
| Closed | -$8.55M |
|
|
49
Walmart Inc
WMT
$886B
| – | – |
-486,300
| Closed | -$19.4M |
|
50
CALL
XPO
XPO
$23B
| – | – |
-578,279
| Closed | -$15.4M |
|
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Black-and-white Capital's Q3 2020 Portfolio in Review
As of Q3 2020, Black-and-white Capital held 58 positions worth $935M, up 53% from $612M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Black-and-white Capital deployed $273M of net new capital in Q3 2020, opening 18 new positions and adding to 10 existing holdings. Its largest new stake was Netflix: 790,000 shares worth $39.5M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 35% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was ZYNGA INC. CL A COMMON, an estimated $21.9M trimmed.
- Black-and-white Capital's largest Q3 2020 buy was Netflix: 790,000 shares worth $39.5M.
- Black-and-white Capital added most to Etsy in Q3 2020, an estimated $41.9M increase.
- Black-and-white Capital's biggest Q3 2020 reduction was ZYNGA INC. CL A COMMON, cutting an estimated $21.9M.
- Black-and-white Capital fully exited Walmart Inc in Q3 2020, selling an estimated $19.4M.
- Black-and-white Capital's ten largest holdings make up 56% of its $935M portfolio in Q3 2020.
- Black-and-white Capital opened 18 new positions and closed 24 in Q3 2020.
- Black-and-white Capital's portfolio value rose 53% quarter-over-quarter to $935M.
Based on Black-and-white Capital's 13F filing for Q3 2020, filed 16 Nov 2020.