Blacksheep Fund Management Ltd
Portfolio value QoQ: +25.2% 13F does not disclose cash
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 5.39% Est. buys $63,235,454 · sells $15,004,657
Median holding: 3.5 quarters Tracked Q1 2025–Q2 2026 · 87.5% still held
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.
Sector breakdown
Full portfolio 7 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| MA | $78,801,648 | 25.46% | 153,430 | $35,006,449 | Up ×2 | ||
| V | $64,003,440 | 20.67% | 186,550 | $33,564,850 | Up ×2 | ||
| TDG | $60,946,158 | 19.69% | 45,754 | $7,919,102 | |||
| MSFT | $48,544,823 | 15.68% | 130,140 | $370,899 | |||
| FWONK | $33,461,309 | 10.81% | 351,706 | $3,559,265 | |||
| TCX | $14,709,038 | 4.75% | 1,091,985 | $-4,029,425 | |||
| FWONA | $9,105,035 | 2.94% | 104,010 | $983,934 | |||
| 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.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| GRND | June 30, 2026 | 1,241,080 | $15,004,657 | -5.8% |