Blacksheep Fund Management Ltd
CIK 1800249 · View on SEC EDGAR ↗
- Portfolio value
- $309.6M
- Positions
- 7
- As of
- June 30, 2026
Portfolio value QoQ: +25.2% 13F does not disclose cash
- Top 10 holdings weight
- 100.00%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 7
- Effective number of positions
- 5.4
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 0.0% Est. buys $0 · sells $1,421,299,348,854
Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 77.8% still held
- New positions
- 0
- Increased
- 0
- Decreased
- 7
- Closed
- 1
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +4.0% · S&P 500: +28.7%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 100.0% · Options excluded: 0.0%
Sector breakdown
Full portfolio 7 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| MA Mastercard Incorporated Common Stock | $78,801,648 | 25.46% | 513 | $35,006,449 | Down ×1 | ||
| V Visa Inc. | $64,003,440 | 20.67% | 343 | $33,564,850 | Down ×1 | ||
| TDG Transdigm Group Incorporated Common Stock | $60,946,158 | 19.69% | 1,332 | $7,919,102 | Down ×2 | ||
| MSFT Microsoft Corporation - Common Stock | $48,544,823 | 15.68% | 373 | $370,899 | Down ×1 | ||
| FWONK Liberty Media Corporation - Series C Liberty Formula One Common Stock | $33,461,309 | 10.81% | 95 | $3,559,265 | Down ×1 | ||
| TCX Tucows Inc. - Common Stock | $14,709,038 | 4.75% | 13 | $-4,029,425 | Down ×1 | ||
| FWONA Liberty Media Corporation - Series A Liberty Formula One Common Stock | $9,105,035 | 2.94% | 87 | $983,934 | Down ×1 | ||
| No matches | |||||||
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.