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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 | |
|---|---|---|---|---|---|---|
|
JWN
51
CALL
DELISTED
Nordstrom
JWN
| – | – |
-540,000
| Closed | -$8.28M |
|
|
JWN
52
PUT
DELISTED
Nordstrom
JWN
| – | – |
-600,000
| Closed | -$9.2M |
|
53
PUT
Kohl's
KSS
$2.28B
| – | – |
-100,000
| Closed | -$1.46M |
|
|
54
CALL
Live Nation Entertainment
LYV
$42.8B
| – | – |
-575,000
| Closed | -$26.1M |
|
55
PUT
Mastercard
MA
$500B
| – | – |
-50,000
| Closed | -$12.1M |
|
56
PUT
Mattel
MAT
$4.32B
| – | – |
-900,000
| Closed | -$7.93M |
|
57
Marvell Technology
MRVL
$196B
| – | – |
-1,206,303
| Closed | -$27.3M |
|
|
58
PUT
Marvell Technology
MRVL
$196B
| – | – |
-500,000
| Closed | -$11.3M |
|
|
59
PUT
Match Group
MTCH
$9.62B
| – | – |
-150,000
| Closed | -$9.91M |
|
60
CALL
Cloudflare
NET
$107B
| – | – |
-200,000
| Closed | -$4.7M |
|
|
61
Netflix
NFLX
$306B
| – | – |
-1,142,500
| Closed | -$42.9M |
|
62
CALL
NVIDIA
NVDA
$5.13T
| – | – |
-1,400,000
| Closed | -$9.23M |
|
63
ON Semiconductor
ON
$31.4B
| – | – |
-325,200
| Closed | -$4.04M |
|
|
64
PUT
ON Semiconductor
ON
$31.4B
| – | – |
-200,000
| Closed | -$2.49M |
|
65
CALL
Pinterest
PINS
$14.3B
| – | – |
-700,000
| Closed | -$10.8M |
|
|
66
Pinterest
PINS
$14.3B
| – | – |
-778,150
| Closed | -$12M |
|
67
Prologis
PLD
$130B
| – | – |
-143,000
| Closed | -$11.5M |
|
|
68
PUT
Prologis
PLD
$130B
| – | – |
-150,000
| Closed | -$12.1M |
|
69
CALL
RH
RH
$3.56B
| – | – |
-90,000
| Closed | -$9.04M |
|
70
Starbucks
SBUX
$120B
| – | – |
-330,000
| Closed | -$21.7M |
|
71
CALL
Shake Shack
SHAK
$2.67B
| – | – |
-110,000
| Closed | -$4.15M |
|
72
Signet Jewelers
SIG
$3.78B
| – | – |
-250,000
| Closed | -$1.61M |
|
|
73
PUT
Signet Jewelers
SIG
$3.78B
| – | – |
-400,000
| Closed | -$2.58M |
|
74
PUT
VanEck Semiconductor ETF
SMH
$72.3B
| – | – |
-500,000
| Closed | -$29.3M |
|
75
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$821B
| – | – |
-350,000
| Closed | -$90.2M |
|
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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.