Blacksheep Fund Management Ltd
Net buyer this quarter
$310M
7
+$45.4M
100.0%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 MA | $78.8M | 25.46% | 0.01% | +75.1% | Q4 2025 |
 V | $64M | 20.67% | 0.01% | +85.2% | Q4 2025 |
 TDG | $60.9M | 19.69% | 0.08% | Not reported | Q3 2025 |
 MSFT | $48.5M | 15.68% | 0.00% | Not reported | Q2 2022 |
 FWONK | $33.5M | 10.81% | Not reported | Not reported | Q4 2024 |
 TCX | $14.7M | 4.75% | 9.78% | Not reported | Q4 2019 |
| FWONA | $9.11M | 2.94% | Not reported | Not reported | Q4 2024 |
| Q1 2026 | |||||
| TDG | $53M | 21.45% | 0.08% | -21.7% | Q3 2025 |
| MSFT | $48.2M | 19.49% | 0.00% | +54.4% | Q2 2022 |
| MA | $43.8M | 17.72% | 0.01% | +97.8% | Q4 2025 |
| V | $30.4M | 12.31% | 0.01% | +108.7% | Q4 2025 |
| FWONK | $29.9M | 12.10% | Not reported | Not reported | Q4 2024 |
| TCX | $18.7M | 7.58% | 9.81% | Not reported | Q4 2019 |
 GRND | $15M | 6.07% | 0.70% | Not reported | Q4 2025 |
| FWONA | $8.12M | 3.29% | Not reported | Not reported | Q4 2024 |
| Q4 2025 | |||||
| TDG | $77.7M | 31.61% | 0.10% | +53.0% | Q3 2025 |
| MSFT | $40.8M | 16.57% | 0.00% | Not reported | Q2 2022 |
| FWONK | $34.6M | 14.09% | Not reported | Not reported | Q4 2024 |
| MA | $25.3M | 10.29% | 0.00% | New | Q4 2025 |
| TCX | $24.5M | 9.95% | 9.83% | Not reported | Q4 2019 |
| V | $16.9M | 6.88% | 0.00% | New | Q4 2025 |
| GRND | $16.8M | 6.83% | 0.67% | New | Q4 2025 |
| FWONA | $9.3M | 3.78% | Not reported | Not reported | Q4 2024 |
| Q3 2025 | |||||
| TDG | $50.4M | 42.95% | 0.07% | New | Q3 2025 |
| FWONK | $36.7M | 31.32% | Not reported | -8.2% | Q4 2024 |
| TCX | $20.3M | 17.28% | 9.85% | Not reported | Q4 2019 |
| FWONA | $9.9M | 8.44% | Not reported | Not reported | Q4 2024 |