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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
-10.26%
1 Year Est. Return
+94.03%
3 Year Est. Return
+264.8%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.19B
AUM Growth
+$12.1M
(+1%)
Cap. Flow
+$306M
Cap. Flow
% of AUM
25.72%
Top 10 Holdings %
Top 10 Hldgs %
43.65%
Holding
85
New
48
Increased
12
Reduced
5
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Elastic
ESTC
|
+$38.9M |
| 2 |
Walt Disney
DIS
|
+$37.7M |
| 3 |
CrowdStrike
CRWD
|
+$31.4M |
| 4 |
Uber
UBER
|
+$31.3M |
| 5 |
Live Nation Entertainment
LYV
|
+$27.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snap
SNAP
|
+$46.3M |
| 2 |
AVLR
Avalara, Inc.
AVLR
|
+$44.4M |
| 3 |
Match Group
MTCH
|
+$39.5M |
| 4 |
Meta Platforms (Facebook)
META
|
+$32.7M |
| 5 |
General Motors
GM
|
+$27.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.33% |
| 2 | Communication Services | 12.81% |
| 3 | Consumer Discretionary | 5.27% |
| 4 | Industrials | 1.67% |
| 5 | Real Estate | 0.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
Wolfspeed
WOLF
$1.68B
| $5.32M | 0.45% |
+150,000
| New | +$6.74M |
|
52
NVIDIA
NVDA
$5.38T
| $5.21M | 0.44% |
+790,000
| New | +$4.98M |
|
53
CALL
Cloudflare
NET
$105B
| $4.7M | 0.39% |
+200,000
| New | +$3.89M |
|
54
CALL
Shake Shack
SHAK
$2.85B
| $4.15M | 0.35% |
+110,000
| New | +$6.51M |
|
55
ON Semiconductor
ON
$19.2B
| $4.04M | 0.34% |
+325,200
| New | +$6.36M |
|
|
BBBY
56
PUT
DELISTED
Bed Bath & Beyond Inc
BBBY
| $3.79M | 0.32% |
+900,000
| New | +$10.5M |
|
|
ZNGA
57
CALL
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $3.42M | 0.29% |
+500,000
| New | +$3.29M |
|
|
BBBY
58
CALL
DELISTED
Bed Bath & Beyond Inc
BBBY
| $3.22M | 0.27% |
765,400
+565,400
| +283% | +$6.59M |
|
59
CALL
American Eagle Outfitters
AEO
$3B
| $2.62M | 0.22% |
+330,000
| New | +$4.19M |
|
60
PUT
Signet Jewelers
SIG
$3.72B
| $2.58M | 0.22% |
+400,000
| New | +$8.19M |
|
|
61
PUT
ON Semiconductor
ON
$19.2B
| $2.49M | 0.21% |
+200,000
| New | +$3.91M |
|
62
PUT
Fox Class A
FOXA
$26.9B
| $2.36M | 0.2% |
+100,000
| New | +$3.29M |
|
|
63
Signet Jewelers
SIG
$3.72B
| $1.61M | 0.14% |
+250,000
| New | +$5.12M |
|
|
LGF.A
64
PUT
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $1.57M | 0.13% |
+259,000
| New | +$2.31M |
|
65
PUT
Kohl's
KSS
$2.18B
| $1.46M | 0.12% |
+100,000
| New | +$3.75M |
|
66
PUT
Dick's Sporting Goods
DKS
$18.5B
| – | – |
-225,000
| Closed | -$11.1M |
|
67
Dollar Tree
DLTR
$25.2B
| – | – |
-102,300
| Closed | -$9.62M |
|
|
68
General Motors
GM
$76.9B
| – | – |
-891,400
| Closed | -$27.2M |
|
69
PUT
iShares Russell 2000 ETF
IWM
$82.8B
| – | – |
-975,000
| Closed | -$162M |
|
|
70
Meta Platforms (Facebook)
META
$1.5T
| – | – |
-159,200
| Closed | -$32.7M |
|
71
MGM Resorts International
MGM
$11.2B
| – | – |
-229,600
| Closed | -$5.91M |
|
72
PUT
Children's Place
PLCE
$59.8M
| – | – |
-200,000
| Closed | -$12.5M |
|
73
PUT
Invesco QQQ Trust
QQQ
$482B
| – | – |
-362,500
| Closed | -$77.1M |
|
74
PUT
Roku
ROKU
$22.7B
| – | – |
-225,000
| Closed | -$30.1M |
|
75
SiriusXM
SIRI
$10B
| – | – |
-153,680
| Closed | -$11M |
|
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Black-and-white Capital's Q1 2020 Portfolio in Review
As of Q1 2020, Black-and-white Capital held 85 positions worth $1.19B, up 1% from $1.18B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Black-and-white Capital deployed $306M of net new capital in Q1 2020, opening 48 new positions and adding to 12 existing holdings. Its largest new stake was Elastic: 602,200 shares worth $33.6M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 15% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Avalara, Inc., an estimated $44.4M trimmed.
- Black-and-white Capital's largest Q1 2020 buy was Elastic: 602,200 shares worth $33.6M.
- Black-and-white Capital added most to Walt Disney in Q1 2020, an estimated $37.7M increase.
- Black-and-white Capital's biggest Q1 2020 reduction was Avalara, Inc., cutting an estimated $44.4M.
- Black-and-white Capital fully exited Snap in Q1 2020, selling an estimated $46.3M.
- Black-and-white Capital's ten largest holdings make up 44% of its $1.19B portfolio in Q1 2020.
- Black-and-white Capital opened 48 new positions and closed 20 in Q1 2020.
- Black-and-white Capital's portfolio value rose 1% quarter-over-quarter to $1.19B.
Based on Black-and-white Capital's 13F filing for Q1 2020, filed 15 May 2020.