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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
+21.41%
1 Year Est. Return
+94.03%
3 Year Est. Return
+264.8%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$725M
AUM Growth
+$133M
(+22%)
Cap. Flow
+$48.8M
Cap. Flow
% of AUM
6.73%
Top 10 Holdings %
Top 10 Hldgs %
48.18%
Holding
56
New
20
Increased
8
Reduced
9
Closed
17
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SiriusXM
SIRI
|
+$32M |
| 2 |
Match Group
MTCH
|
+$21.2M |
| 3 |
General Motors
GM
|
+$20.9M |
| 4 |
Aptiv
APTV
|
+$20.2M |
| 5 |
XYZ
Block Inc
XYZ
|
+$19.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CSOD
Cornerstone OnDemand, Inc.
CSOD
|
+$32.6M |
| 2 |
HDP
Hortonworks, Inc.
HDP
|
+$19.5M |
| 3 |
Etsy
ETSY
|
+$19M |
| 4 |
Meta Platforms (Facebook)
META
|
+$16.1M |
| 5 |
Live Nation Entertainment
LYV
|
+$14.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 29.95% |
| 2 | Consumer Discretionary | 15.64% |
| 3 | Technology | 13.46% |
| 4 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ZNGA
1
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $57M | 7.87% |
10,700,000
-800,000
| -7% | -$3.85M |
|
|
2
SiriusXM
SIRI
$10B
| $41.8M | 5.76% |
736,500
+536,500
| +268% | +$32M |
|
|
3
General Motors
GM
$74.7B
| $39M | 5.38% |
1,050,000
+550,000
| +110% | +$20.9M |
|
|
PPLI
4
People Inc
PPLI
$3.1B
| $34.7M | 4.78% |
923,242
-195,839
| -17% | -$7.25M |
|
|
BBBY
5
CALL
DELISTED
Bed Bath & Beyond Inc
BBBY
| $32.3M | 4.45% |
+1,900,000
| New | +$28.7M |
|
6
PUT
Salesforce
CRM
$134B
| $31.7M | 4.37% |
+200,000
| New | +$31M |
|
|
7
Meta Platforms (Facebook)
META
$1.51T
| $29.2M | 4.03% |
175,000
-101,000
| -37% | -$16.1M |
|
|
WWE
8
DELISTED
World Wrestling Entertainment
WWE
| $28.6M | 3.95% |
330,000
+210,000
| +175% | +$17.7M |
|
|
9
Match Group
MTCH
$8.84B
| $28.3M | 3.91% |
500,000
+400,000
| +400% | +$21.2M |
|
|
ZNGA
10
CALL
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $26.6M | 3.68% |
5,000,000
+2,500,000
| +100% | +$12M |
|
|
11
PUT
General Motors
GM
$74.7B
| $26M | 3.58% |
+700,000
| New | +$26.6M |
|
12
PUT
Target
TGT
$62.1B
| $24.1M | 3.32% |
+300,000
| New | +$21.9M |
|
13
Netflix
NFLX
$292B
| $23.4M | 3.22% |
655,000
-345,000
| -35% | -$12M |
|
14
PUT
Children's Place
PLCE
$53.6M
| $21.9M | 3.02% |
225,000
+175,000
| +350% | +$16M |
|
|
BBBY
15
PUT
DELISTED
Bed Bath & Beyond Inc
BBBY
| $21.2M | 2.93% |
+1,250,000
| New | +$18.9M |
|
|
16
Aptiv
APTV
$12B
| $20.9M | 2.88% |
+263,000
| New | +$20.2M |
|
|
XYZ
17
Block Inc
XYZ
$45.9B
| $20.6M | 2.84% |
+275,000
| New | +$19.9M |
|
18
Advance Auto Parts
AAP
$3.37B
| $20.5M | 2.82% |
120,000
+70,000
| +140% | +$11.3M |
|
|
DATA
19
CALL
DELISTED
Tableau Software, Inc.
DATA
| $19.1M | 2.63% |
+150,000
| New | +$18.9M |
|
|
20
CALL
Netflix
NFLX
$292B
| $17.8M | 2.46% |
+500,000
| New | +$17.3M |
|
21
BorgWarner
BWA
$13.2B
| $16.3M | 2.25% |
+482,800
| New | +$16.7M |
|
|
22
CALL
SiriusXM
SIRI
$10B
| $14.2M | 1.96% |
+250,000
| New | +$14.9M |
|
|
SNBR
23
PUT
DELISTED
Sleep Number
SNBR
| $14.1M | 1.95% |
300,000
| – | – |
|
|
24
PUT
Aptiv
APTV
$12B
| $11.9M | 1.65% |
+150,000
| New | +$11.5M |
|
25
Expedia Group
EXPE
$31.2B
| $11.9M | 1.64% |
+100,000
| New | +$12.1M |
|
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Black-and-white Capital's Q1 2019 Portfolio in Review
As of Q1 2019, Black-and-white Capital held 56 positions worth $725M, up 22% from $592M the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Black-and-white Capital deployed $48.8M of net new capital in Q1 2019, opening 20 new positions and adding to 8 existing holdings. Its largest new stake was Aptiv: 263,000 shares worth $20.9M.
By sector, the portfolio is most concentrated in Communication Services at 30% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Cornerstone OnDemand, Inc., an estimated $32.6M trimmed.
- Black-and-white Capital's largest Q1 2019 buy was Aptiv: 263,000 shares worth $20.9M.
- Black-and-white Capital added most to SiriusXM in Q1 2019, an estimated $32M increase.
- Black-and-white Capital's biggest Q1 2019 reduction was Cornerstone OnDemand, Inc., cutting an estimated $32.6M.
- Black-and-white Capital fully exited Hortonworks, Inc. in Q1 2019, selling an estimated $19.5M.
- Black-and-white Capital's ten largest holdings make up 48% of its $725M portfolio in Q1 2019.
- Black-and-white Capital opened 20 new positions and closed 17 in Q1 2019.
- Black-and-white Capital's portfolio value rose 22% quarter-over-quarter to $725M.
Based on Black-and-white Capital's 13F filing for Q1 2019, filed 15 May 2019.