Blacksheep Fund Management LTD: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1800249) · Explore on the interactive board
Blacksheep Fund Management LTD disclosed 7 US equity positions worth $309.6m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 25, 2026). Its largest position is MA at 25.5% of the reported book, followed by V, TDG. The top ten holdings are 100.0% of the book, and the portfolio behaves like about 5 equal-weight positions. Versus the prior filing it opened 0 new positions, added to 2, reduced 0 and exited 1. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Blacksheep Fund Management LTD own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 0 new, 2 added, 0 reduced, 1 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | MA MASTERCARD INCORPORATED | Financial Services | 25.5% | $78.8m | 153,430 | 75% | added |
| 2 | V VISA INC | Financial Services | 20.7% | $64.0m | 186,550 | 85% | added |
| 3 | TDG TRANSDIGM GROUP INC | Industrials | 19.7% | $60.9m | 45,754 | 0% | held |
| 4 | MSFT MICROSOFT CORP | Technology | 15.7% | $48.5m | 130,140 | 0% | held |
| 5 | LLYVK LIBERTY MEDIA CORP DEL | Communication Services | 10.8% | $33.5m | 351,706 | 0% | held |
| 6 | TCX TUCOWS INC | Technology | 4.8% | $14.7m | 1,091,985 | 0% | held |
| 7 | FWONA LIBERTY MEDIA CORP DEL | Communication Services | 2.9% | $9.1m | 104,010 | 0% | held |
What did Blacksheep Fund Management LTD sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| GRND GRINDR INC | 100.0% | $15.0m |
Sector mix
| Sector | Weight |
|---|---|
| Financial Services | 46.1% |
| Technology | 20.4% |
| Industrials | 19.7% |
| Communication Services | 13.8% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Blacksheep Fund Management LTD's portfolio?
Across every quarter Blacksheep Fund Management LTD has filed, its median largest position is 23.5% of the book and its median top-ten weight is 100.0%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 1.0 completed holding spells, the median lasted 1.0 quarters; 7.0 positions are still open and their final length is unknown.