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BFM

Blacksheep Fund Management Portfolio holdings

AUM $247M
1-Year Est. Return 8.75%
This Fund
S&P 500
This Quarter Est. Return
-0.23%
1 Year Est. Return
-8.75%
3 Year Est. Return
+81.58%
5 Year Est. Return
+49.86%
10 Year Est. Return
–
AUM
$246M
AUM Growth
+$129M
Cap. Flow
+$127M
Cap. Flow %
51.57%
Top 10 Hldgs %
100%
Holding
8
New
4
Increased
1
Reduced
–
Closed
–

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$42.2M
2
TDG icon
TransDigm Group
TDG
+$26.5M
3
MA icon
Mastercard
MA
+$24.8M
4
GRND icon
Grindr
GRND
+$16.9M
5
V icon
Visa
V
+$16.4M

Top Sells

No sells this quarter

Sector Composition

Rank Sector Weight
1 Technology 33.36%
2 Industrials 31.61%
3 Communication Services 17.87%
4 Financials 17.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TDG icon
1
TransDigm Group
TDG
$66.8B
$77.7M 31.61%
58,464
+20,244
+53% +$26.5M
MSFT icon
2
Microsoft
MSFT
$2.9T
$40.8M 16.57%
+84,280
New +$42.2M
FWONK icon
3
Liberty Media Series C
FWONK
$24.3B
$34.6M 14.09%
351,706
– –
MA icon
4
Mastercard
MA
$470B
$25.3M 10.29%
+44,320
New +$24.8M
TCX icon
5
Tucows
TCX
$105M
$24.5M 9.95%
1,091,985
– –
V icon
6
Visa
V
$672B
$16.9M 6.88%
+48,250
New +$16.4M
GRND icon
7
Grindr
GRND
$2.58B
$16.8M 6.83%
+1,241,080
New +$16.9M
FWONA icon
8
Liberty Media Series A
FWONA
$22.4B
$9.3M 3.78%
104,010
– –

Similar funds

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Peloton Wealth Strategists Indianapolis, Indiana $247M AUM 13.57% 1-Year Est. Return
AB
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VWM
Vivid Wealth Management West Des Moines, Iowa $247M AUM 30.07% 1-Year Est. Return
NF
NavPoint Financial Prior Lake, Minnesota $247M AUM 14.99% 1-Year Est. Return
EPW
Evergreen Private Wealth Greenwood Village, Colorado $247M AUM 17.94% 1-Year Est. Return
CIA
Capital Impact Advisors Boston, Massachusetts $247M AUM 31.15% 1-Year Est. Return
RC
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FA
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Blacksheep Fund Management's Q4 2025 Portfolio in Review

As of Q4 2025, Blacksheep Fund Management held 8 positions worth $246M, up 110% from $117M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Blacksheep Fund Management deployed $127M of net new capital in Q4 2025, opening 4 new positions and adding to 1 existing holding. Its largest new stake was Microsoft: 84,280 shares worth $40.8M.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 17% a quarter earlier, followed by Industrials and Communication Services.

  • Blacksheep Fund Management's largest Q4 2025 buy was Microsoft: 84,280 shares worth $40.8M.
  • Blacksheep Fund Management added most to TransDigm Group in Q4 2025, an estimated $26.5M increase.
  • Blacksheep Fund Management's ten largest holdings make up 100% of its $246M portfolio in Q4 2025.
  • Blacksheep Fund Management opened 4 new positions and closed 0 in Q4 2025.
  • Blacksheep Fund Management's portfolio value rose 110% quarter-over-quarter to $246M.

Based on Blacksheep Fund Management's 13F filing for Q4 2025, filed 13 Feb 2026.