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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
+8.47%
1 Year Est. Return
+94.03%
3 Year Est. Return
+264.8%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.46B
AUM Growth
+$732M
(+101%)
Cap. Flow
+$691M
Cap. Flow
% of AUM
47.46%
Top 10 Holdings %
Top 10 Hldgs %
46.34%
Holding
68
New
29
Increased
11
Reduced
7
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$75.6M |
| 2 |
Netflix
NFLX
|
+$48.5M |
| 3 |
Uber
UBER
|
+$32.9M |
| 4 |
WP
Worldpay, Inc.
WP
|
+$26.1M |
| 5 |
Dropbox
DBX
|
+$17.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPLI
People Inc
PPLI
|
+$34.7M |
| 2 |
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
|
+$24.7M |
| 3 |
Expedia Group
EXPE
|
+$11.9M |
| 4 |
DATA
Tableau Software, Inc.
DATA
|
+$11.5M |
| 5 |
Match Group
MTCH
|
+$6.54M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 24.14% |
| 2 | Technology | 9.72% |
| 3 | Consumer Discretionary | 9.7% |
| 4 | Industrials | 0.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$455B
| $112M | 7.69% |
+600,000
| New | +$110M |
|
2
PUT
Microsoft
MSFT
$2.84T
| $80.4M | 5.52% |
+600,000
| New | +$76.2M |
|
|
3
Walt Disney
DIS
$165B
| $79.6M | 5.46% |
+570,000
| New | +$75.6M |
|
|
4
Netflix
NFLX
$292B
| $73.5M | 5.04% |
2,000,000
+1,345,000
| +205% | +$48.5M |
|
5
PUT
VanEck Semiconductor ETF
SMH
$67.6B
| $66.1M | 4.54% |
+1,200,000
| New | +$65.3M |
|
6
PUT
Apple
AAPL
$4.89T
| $55.4M | 3.8% |
+1,120,000
| New | +$54.6M |
|
7
General Motors
GM
$74.7B
| $53.9M | 3.7% |
1,400,000
+350,000
| +33% | +$13.1M |
|
8
SiriusXM
SIRI
$10B
| $53M | 3.64% |
950,000
+213,500
| +29% | +$12.1M |
|
9
Meta Platforms (Facebook)
META
$1.51T
| $52.1M | 3.58% |
270,000
+95,000
| +54% | +$17.4M |
|
|
ZNGA
10
CALL
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $49M | 3.37% |
8,000,000
+3,000,000
| +60% | +$17.7M |
|
11
PUT
PayPal
PYPL
$49.5B
| $45.8M | 3.14% |
+400,000
| New | +$44.3M |
|
|
12
PUT
Walt Disney
DIS
$165B
| $41.9M | 2.88% |
+300,000
| New | +$39.8M |
|
|
ZNGA
13
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $39.8M | 2.74% |
6,500,000
-4,200,000
| -39% | -$24.7M |
|
|
14
PUT
Meta Platforms (Facebook)
META
$1.51T
| $38.6M | 2.65% |
+200,000
| New | +$36.5M |
|
15
PUT
United Parcel Service
UPS
$97.6B
| $36.1M | 2.48% |
+350,000
| New | +$36.4M |
|
|
16
Uber
UBER
$134B
| $35.9M | 2.47% |
+775,000
| New | +$32.9M |
|
17
PUT
Electronic Arts
EA
$52.4B
| $35.4M | 2.43% |
+350,000
| New | +$33.3M |
|
18
PUT
C.H. Robinson
CHRW
$22B
| $33.7M | 2.32% |
+400,000
| New | +$33.6M |
|
19
Aptiv
APTV
$12B
| $32.3M | 2.22% |
400,000
+137,000
| +52% | +$10.8M |
|
20
PUT
Home Depot
HD
$332B
| $31.2M | 2.14% |
+150,000
| New | +$29.9M |
|
21
Advance Auto Parts
AAP
$3.37B
| $27.7M | 1.9% |
180,000
+60,000
| +50% | +$9.74M |
|
22
BorgWarner
BWA
$13.2B
| $27.3M | 1.87% |
738,400
+255,600
| +53% | +$9.06M |
|
|
WP
23
DELISTED
Worldpay, Inc.
WP
| $27M | 1.85% |
+220,000
| New | +$26.1M |
|
|
24
Match Group
MTCH
$8.84B
| $26.9M | 1.85% |
400,000
-100,000
| -20% | -$6.54M |
|
|
25
PUT
Match Group
MTCH
$8.84B
| $26.9M | 1.85% |
+400,000
| New | +$26.2M |
|
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Black-and-white Capital's Q2 2019 Portfolio in Review
As of Q2 2019, Black-and-white Capital held 68 positions worth $1.46B, up 101% from $725M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Black-and-white Capital deployed $691M of net new capital in Q2 2019, opening 29 new positions and adding to 11 existing holdings. Its largest new stake was Walt Disney: 570,000 shares worth $79.6M.
By sector, the portfolio is most concentrated in Communication Services at 24% of assets, down from 30% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was ZYNGA INC. CL A COMMON, an estimated $24.7M trimmed.
- Black-and-white Capital's largest Q2 2019 buy was Walt Disney: 570,000 shares worth $79.6M.
- Black-and-white Capital added most to Netflix in Q2 2019, an estimated $48.5M increase.
- Black-and-white Capital's biggest Q2 2019 reduction was ZYNGA INC. CL A COMMON, cutting an estimated $24.7M.
- Black-and-white Capital fully exited People Inc in Q2 2019, selling an estimated $34.7M.
- Black-and-white Capital's ten largest holdings make up 46% of its $1.46B portfolio in Q2 2019.
- Black-and-white Capital opened 29 new positions and closed 20 in Q2 2019.
- Black-and-white Capital's portfolio value rose 101% quarter-over-quarter to $1.46B.
Based on Black-and-white Capital's 13F filing for Q2 2019, filed 14 Aug 2019.