Blacksheep Fund Management Ltd

CIK 0001800249

Annualised vol

18.856468%

Beta

0.809098

HHI

1856.961099

Top-10 weight

100.0%

VaR 95%

1.752874%

VaR 99%

3.38666%

Max drawdown

33.604816%

Matched value

81.498494%

Returns of reported holdings

Loading returns…

What the latest 13F shows bought and sold against the quarter before, by share count.

Ticker	Change	Shares now	Shares before	Share change %	Value now ($)
MA	ADDED	153,430	87,650	75.05%	78,801,648
V	ADDED	186,550	100,710	85.23%	64,003,440
TDG	UNCHANGED	45,754	45,754	0.0%	60,946,158
MSFT	UNCHANGED	130,140	130,140	0.0%	48,544,823
GRND	CLOSED OUT	0	1,241,080	-100.0%	0

Ticker	Change	Issuer	Class	CUSIP	Value ($)	Weight %	Shares
MA	ADDED	MASTERCARD INCORPORATED	CL A	57636Q104	78,801,648	25.46	153430.0
V	ADDED	VISA INC	COM CL A	92826C839	64,003,440	20.67	186550.0
TDG	UNCHANGED	TRANSDIGM GROUP INC	COM	893641100	60,946,158	19.69	45754.0
MSFT	UNCHANGED	MICROSOFT CORP	COM	594918104	48,544,823	15.68	130140.0
-		LIBERTY MEDIA CORP DEL	COM LBTY ONE S C	531229755	33,461,309	10.81	351706.0
-		TUCOWS INC	COM NEW	898697206	14,709,038	4.75	1091985.0
-		LIBERTY MEDIA CORP DEL	COM LBTY ONE S A	531229771	9,105,035	2.94	104010.0

Period	Filed	Value ($)	Positions	Vol %	Beta	Max DD %
2026-06-30	2026-08-25	309,571,451	7	18.856468	0.809098	33.604816
2026-03-31	2026-05-13	247,201,034	8	16.505354	0.715025	30.525598
2025-12-31	2026-02-13	245,960,503	8	16.015988	0.644361	32.96117
2025-09-30	2025-11-13	117,276,030	4	14.019414	0.378909	33.127723
2025-03-31	2025-05-15	61,385,273	3
2024-12-31	2025-02-14	55,354,599	4