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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 | |
|---|---|---|---|---|---|---|
76
PUT
AT&T
T
$158B
| – | – |
-2,250,800
| Closed | -$49.6M |
|
77
PUT
Target
TGT
$67.1B
| – | – |
-350,000
| Closed | -$32.5M |
|
78
Uber
UBER
$139B
| – | – |
-950,000
| Closed | -$26.5M |
|
|
79
PUT
Uber
UBER
$139B
| – | – |
-600,000
| Closed | -$16.8M |
|
80
PUT
Warner Bros
WBD
$65.1B
| – | – |
-300,000
| Closed | -$5.83M |
|
81
CALL
Wolfspeed
WOLF
$1.31B
| – | – |
-150,000
| Closed | -$5.32M |
|
|
82
Wolfspeed
WOLF
$1.31B
| – | – |
-269,000
| Closed | -$9.54M |
|
|
83
XPO
XPO
$23.4B
| – | – |
-1,180,816
| Closed | -$28.3M |
|
|
LGF.A
84
PUT
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| – | – |
-259,000
| Closed | -$1.57M |
|
|
BBBY
85
PUT
DELISTED
Bed Bath & Beyond Inc
BBBY
| – | – |
-900,000
| Closed | -$3.79M |
|
|
IAA
86
DELISTED
IAA, Inc. Common Stock
IAA
| – | – |
-740,465
| Closed | -$22.2M |
|
|
AVLR
87
DELISTED
Avalara, Inc.
AVLR
| – | – |
-87,650
| Closed | -$6.54M |
|
|
GLUU
88
PUT
DELISTED
Glu Mobile Inc.
GLUU
| – | – |
-1,400,000
| Closed | -$8.81M |
|
|
MLNX
89
CALL
DELISTED
Mellanox Technologies, Ltd.
MLNX
| – | – |
-400,000
| Closed | -$48.5M |
|
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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.