Black-and-white Capital Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$21.9M |
| 2 |
Madison Square Garden
MSGS
|
+$15M |
| 3 |
Netflix
NFLX
|
+$12.9M |
| 4 |
SiriusXM
SIRI
|
+$12.2M |
| 5 |
WWE
World Wrestling Entertainment
WWE
|
+$9.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XPO
XPO
|
+$28.4M |
| 2 |
Dycom Industries
DY
|
+$14.8M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$14.6M |
| 4 |
ATVI
Activision Blizzard
ATVI
|
+$11.7M |
| 5 |
P
Pandora Media Inc
P
|
+$10.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 30.72% |
| 2 | Technology | 12.37% |
| 3 | Consumer Discretionary | 8.33% |
| 4 | Industrials | 0.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
PUT
XPO
XPO
$23.5B
| – | – |
-433,709
| Closed | -$17.1M |
|
52
PUT
Zillow
Z
$7.79B
| – | – |
-305,000
| Closed | -$13.5M |
|
|
GAP
53
PUT
The Gap Inc
GAP
$7.23B
| – | – |
-350,000
| Closed | -$10.1M |
|
|
CHS
54
PUT
DELISTED
Chicos FAS, Inc.
CHS
| – | – |
-300,000
| Closed | -$2.6M |
|
|
MNTV
55
DELISTED
Momentive Global Inc. Common Stock
MNTV
| – | – |
-35,000
| Closed | -$561K |
|
|
VNE
56
CALL
DELISTED
Veoneer, Inc.
VNE
| – | – |
-80,000
| Closed | -$4.41M |
|
|
WP
57
DELISTED
Worldpay, Inc.
WP
| – | – |
-30,000
| Closed | -$3.04M |
|
|
HDP
58
PUT
DELISTED
Hortonworks, Inc.
HDP
| – | – |
-250,000
| Closed | -$5.7M |
|
Similar funds
Black-and-white Capital's Q4 2018 Portfolio in Review
As of Q4 2018, Black-and-white Capital held 58 positions worth $592M, down 35% from $916M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Black-and-white Capital withdrew a net $203M in Q4 2018, closing 22 positions and reducing 12 holdings. Its most notable exit was Dycom Industries, an estimated $14.8M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 31% of assets, up from 19% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Black-and-white Capital opened a new position in Madison Square Garden worth $14.7M.
- Black-and-white Capital's largest Q4 2018 buy was Madison Square Garden: 77,110 shares worth $14.7M.
- Black-and-white Capital added most to Meta Platforms (Facebook) in Q4 2018, an estimated $21.9M increase.
- Black-and-white Capital's biggest Q4 2018 reduction was XPO, cutting an estimated $28.4M.
- Black-and-white Capital fully exited Dycom Industries in Q4 2018, selling an estimated $14.8M.
- Black-and-white Capital's ten largest holdings make up 57% of its $592M portfolio in Q4 2018.
- Black-and-white Capital opened 12 new positions and closed 22 in Q4 2018.
- Black-and-white Capital's portfolio value fell 35% quarter-over-quarter to $592M.
Based on Black-and-white Capital's 13F filing for Q4 2018, filed 14 Feb 2019.