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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
+9.52%
1 Year Est. Return
+94.03%
3 Year Est. Return
+264.8%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$635M
AUM Growth
-$16.6M
(-2.5%)
Cap. Flow
-$44M
Cap. Flow
% of AUM
-6.93%
Top 10 Holdings %
Top 10 Hldgs %
62%
Holding
44
New
17
Increased
4
Reduced
10
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$56.6M |
| 2 |
General Motors
GM
|
+$34.5M |
| 3 |
Western Digital
WDC
|
+$28.5M |
| 4 |
Domino's
DPZ
|
+$26.8M |
| 5 |
PPLI
People Inc
PPLI
|
+$23.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$32.6M |
| 2 |
Match Group
MTCH
|
+$31.7M |
| 3 |
HAPN
Happen Inc
HAPN
|
+$16.1M |
| 4 |
XPO
XPO
|
+$13.6M |
| 5 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$10.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.24% |
| 2 | Industrials | 19.74% |
| 3 | Consumer Discretionary | 18.89% |
| 4 | Communication Services | 15.57% |
| 5 | Materials | 0.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Etsy
ETSY
$7.65B
| $60.3M | 9.5% |
2,150,000
-181,500
| -8% | -$4.08M |
|
|
2
Meta Platforms (Facebook)
META
$1.51T
| $50.3M | 7.93% |
+315,000
| New | +$56.6M |
|
|
3
XPO
XPO
$25B
| $47.3M | 7.46% |
1,344,498
-407,337
| -23% | -$13.6M |
|
|
4
Western Digital
WDC
$179B
| $43.4M | 6.83% |
621,810
+423,360
| +213% | +$28.5M |
|
5
Dycom Industries
DY
$12.9B
| $43.1M | 6.78% |
400,000
-50,000
| -11% | -$5.68M |
|
6
Cintas
CTAS
$82.4B
| $35M | 5.51% |
820,000
-4,000
| -0.5% | -$166K |
|
|
7
General Motors
GM
$74.7B
| $30.9M | 4.86% |
+850,000
| New | +$34.5M |
|
|
ATVI
8
DELISTED
Activision Blizzard
ATVI
| $29.7M | 4.67% |
440,000
-80,000
| -15% | -$5.65M |
|
|
9
Domino's
DPZ
$11B
| $28.7M | 4.52% |
+123,000
| New | +$26.8M |
|
|
PPLI
10
People Inc
PPLI
$3.1B
| $25M | 3.94% |
+895,265
| New | +$23.6M |
|
|
ZNGA
11
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $22.7M | 3.57% |
6,200,000
+200,000
| +3% | +$738K |
|
|
CSOD
12
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $21.5M | 3.39% |
550,000
-50,000
| -8% | -$2.03M |
|
|
13
CALL
XPO
XPO
$25B
| $20.4M | 3.21% |
578,279
-289,139
| -33% | -$9.64M |
|
|
HDP
14
DELISTED
Hortonworks, Inc.
HDP
| $17.3M | 2.73% |
850,000
+350,000
| +70% | +$6.89M |
|
|
15
CALL
Cintas
CTAS
$82.4B
| $17.1M | 2.69% |
+400,000
| New | +$16.6M |
|
|
ATVI
16
CALL
DELISTED
Activision Blizzard
ATVI
| $16.9M | 2.66% |
+250,000
| New | +$17.6M |
|
17
PUT
Adobe
ADBE
$89.5B
| $16.2M | 2.55% |
+75,000
| New | +$15.2M |
|
|
18
CALL
Meta Platforms (Facebook)
META
$1.51T
| $16M | 2.52% |
100,000
| – | – |
|
19
Micron Technology
MU
$1.04T
| $14.1M | 2.22% |
+270,000
| New | +$12.9M |
|
20
PUT
Cisco
CSCO
$450B
| $12.9M | 2.03% |
+300,000
| New | +$12.7M |
|
21
PUT
Bath & Body Works
BBWI
$4.01B
| $9.55M | 1.5% |
+309,250
| New | +$11.7M |
|
|
22
CALL
Western Digital
WDC
$179B
| $9.23M | 1.45% |
+132,300
| New | +$8.91M |
|
23
Live Nation Entertainment
LYV
$41.2B
| $8.43M | 1.33% |
200,000
+10,000
| +5% | +$444K |
|
|
24
CALL
Dycom Industries
DY
$12.9B
| $8.07M | 1.27% |
75,000
-150,000
| -67% | -$17M |
|
|
ZNGA
25
CALL
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $7.32M | 1.15% |
+2,000,000
| New | +$7.38M |
|
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Black-and-white Capital's Q1 2018 Portfolio in Review
As of Q1 2018, Black-and-white Capital held 44 positions worth $635M, down 2.5% from $652M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Black-and-white Capital withdrew a net $44M in Q1 2018, closing 12 positions and reducing 10 holdings. Its most notable exit was Netflix, an estimated $32.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 14% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Black-and-white Capital opened a new position in Meta Platforms (Facebook) worth $50.3M.
- Black-and-white Capital's largest Q1 2018 buy was Meta Platforms (Facebook): 315,000 shares worth $50.3M.
- Black-and-white Capital added most to Western Digital in Q1 2018, an estimated $28.5M increase.
- Black-and-white Capital's biggest Q1 2018 reduction was Match Group, cutting an estimated $31.7M.
- Black-and-white Capital fully exited Netflix in Q1 2018, selling an estimated $32.6M.
- Black-and-white Capital's ten largest holdings make up 62% of its $635M portfolio in Q1 2018.
- Black-and-white Capital opened 17 new positions and closed 12 in Q1 2018.
- Black-and-white Capital's portfolio value fell 2.5% quarter-over-quarter to $635M.
Based on Black-and-white Capital's 13F filing for Q1 2018, filed 15 May 2018.