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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
+3.77%
1 Year Est. Return
+94.03%
3 Year Est. Return
+264.8%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.54B
AUM Growth
+$339M
(+28%)
Cap. Flow
+$341M
Cap. Flow
% of AUM
22.17%
Top 10 Holdings %
Top 10 Hldgs %
73.5%
Holding
56
New
19
Increased
8
Reduced
3
Closed
26
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WIX.com
WIX
|
+$77.5M |
| 2 |
Meta Platforms (Facebook)
META
|
+$62.8M |
| 3 |
Amazon
AMZN
|
+$58.5M |
| 4 |
Twilio
TWLO
|
+$49.1M |
| 5 |
NXP Semiconductors
NXPI
|
+$36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$49.5M |
| 2 |
Live Nation Entertainment
LYV
|
+$47.1M |
| 3 |
Micron Technology
MU
|
+$35.3M |
| 4 |
Netflix
NFLX
|
+$35.3M |
| 5 |
MNDT
Mandiant, Inc. Common Stock
MNDT
|
+$32.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.59% |
| 2 | Consumer Discretionary | 13.49% |
| 3 | Communication Services | 10.39% |
| 4 | Financials | 0.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$455B
| $439M | 28.49% |
+1,375,000
| New | +$440M |
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $198M | 12.87% |
500,000
+300,000
| +150% | +$116M |
|
|
3
WIX.com
WIX
$2.15B
| $75.8M | 4.92% |
+271,400
| New | +$77.5M |
|
|
4
Meta Platforms (Facebook)
META
$1.51T
| $68.7M | 4.46% |
+233,300
| New | +$62.8M |
|
5
Booking.com
BKNG
$138B
| $67.2M | 4.36% |
721,000
-124,250
| -15% | -$11M |
|
6
Match Group
MTCH
$8.84B
| $63.5M | 4.12% |
462,000
+193,880
| +72% | +$29.1M |
|
7
Western Digital
WDC
$179B
| $60M | 3.9% |
1,190,039
+25,880
| +2% | +$1.21M |
|
|
8
Amazon
AMZN
$2.5T
| $57.1M | 3.71% |
+369,000
| New | +$58.5M |
|
9
Elastic
ESTC
$6.1B
| $56.2M | 3.65% |
505,500
+211,760
| +72% | +$30.1M |
|
10
DraftKings
DKNG
$11.4B
| $46.7M | 3.03% |
761,300
+341,730
| +81% | +$20.5M |
|
|
11
Twilio
TWLO
$29.1B
| $44.7M | 2.9% |
+131,050
| New | +$49.1M |
|
|
12
CALL
Western Digital
WDC
$179B
| $42.2M | 2.74% |
835,475
-1,294,555
| -61% | -$60.5M |
|
|
13
NXP Semiconductors
NXPI
$68B
| $39.7M | 2.58% |
+197,200
| New | +$36M |
|
14
RingCentral
RNG
$4.05B
| $37.3M | 2.42% |
125,100
+20,455
| +20% | +$7.52M |
|
|
15
CALL
DraftKings
DKNG
$11.4B
| $36.8M | 2.39% |
+600,000
| New | +$36M |
|
16
RH
RH
$3.3B
| $22.8M | 1.48% |
+38,200
| New | +$18.8M |
|
|
EVBG
17
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $21.1M | 1.37% |
174,350
+44,720
| +34% | +$6.29M |
|
|
JAMF
18
DELISTED
Jamf
JAMF
| $21.1M | 1.37% |
597,300
+389,480
| +187% | +$14.2M |
|
|
TWTR
19
DELISTED
Twitter, Inc.
TWTR
| $20.4M | 1.32% |
+320,150
| New | +$19.6M |
|
20
Zoom
ZM
$25.8B
| $19.2M | 1.24% |
+59,650
| New | +$22M |
|
21
Unity
U
$12.5B
| $17.9M | 1.16% |
+178,750
| New | +$22M |
|
|
22
CALL
Match Group
MTCH
$8.84B
| $16.5M | 1.07% |
+120,000
| New | +$18M |
|
|
AVLR
23
DELISTED
Avalara, Inc.
AVLR
| $16.3M | 1.06% |
+122,000
| New | +$18.8M |
|
|
BRSL
24
Brightstar Lottery PLC
BRSL
$1.91B
| $14M | 0.91% |
+872,800
| New | +$15.4M |
|
25
Kulicke & Soffa
KLIC
$5.3B
| $10.6M | 0.69% |
+215,800
| New | +$9.36M |
|
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Black-and-white Capital's Q1 2021 Portfolio in Review
As of Q1 2021, Black-and-white Capital held 56 positions worth $1.54B, up 28% from $1.2B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Black-and-white Capital deployed $341M of net new capital in Q1 2021, opening 19 new positions and adding to 8 existing holdings. Its largest new stake was WIX.com: 271,400 shares worth $75.8M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 22% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $49.5M trimmed.
- Black-and-white Capital's largest Q1 2021 buy was WIX.com: 271,400 shares worth $75.8M.
- Black-and-white Capital added most to Elastic in Q1 2021, an estimated $30.1M increase.
- Black-and-white Capital's biggest Q1 2021 reduction was Walt Disney, cutting an estimated $49.5M.
- Black-and-white Capital fully exited Live Nation Entertainment in Q1 2021, selling an estimated $47.1M.
- Black-and-white Capital's ten largest holdings make up 74% of its $1.54B portfolio in Q1 2021.
- Black-and-white Capital opened 19 new positions and closed 26 in Q1 2021.
- Black-and-white Capital's portfolio value rose 28% quarter-over-quarter to $1.54B.
Based on Black-and-white Capital's 13F filing for Q1 2021, filed 17 May 2021.