Blacksheep Fund Management Ltd — 13F Holdings

2026 Q2  ·  8 Positions

2026 Q2 Portfolio Activity

In 2026 Q2, Blacksheep Fund Management Ltd maintained a portfolio of 8 distinct positions. Conversely, Blacksheep Fund Management Ltd completely exited their position in GRINDR INC.
Position History hover any row below to update
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Blacksheep Fund Management Ltd London Hedge Fund AUM $310M
Fund Overview SEC EDGAR
PCA Score Concentration Risk
Risk ENB
To Excel To CSV
Total Positions
8
Quarter
2026 Q2
Top Holding
MA (25.5%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-8 of 8
Stock History Sector / Type Port % Prev % Rank / Prev Conviction
Freshness
Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
MA
MASTERCARD INCO...
Financial Services 25.46% 17.72% #1 2
Prev: #3
6.0
—
-87,137 -99.4%
P
S
513 $78,801,648
$533.43 +12.2%
$512.74 +16.7%
2025 Q4 13F Filing 2026-06-30 2026-08-14
V
VISA INC
Financial Services 20.67% 12.31% #2 2
Prev: #4
5.5
—
-100,367 -99.7%
P
S
343 $64,003,440 2025 Q4 13F Filing 2026-06-30 2026-08-14
TDG
TRANSDIGM GROUP...
Industrials 19.69% 21.45% #3 2
Prev: #1
5.0
—
-44,422 -97.1%
P
S
1,332 $60,946,158 2025 Q3 13F Filing 2026-06-30 2026-08-14
MSFT
MICROSOFT CORP
Technology 15.68% 19.49% #4 2
Prev: #2
4.5
—
-129,767 -99.7%
P
S
373 $48,544,823 2022 Q2 13F Filing 2026-06-30 2026-08-14
FWONK
LIBERTY MEDIA C...
Communication Services 10.81% 12.10% #5
Prev: #5
4.5
—
-351,611 -100.0%
P
S
95 $33,461,309 2024 Q4 13F Filing 2026-06-30 2026-08-14
TCX
TUCOWS INC
Technology 4.75% 7.58% #6
Prev: #6
1.9
—
-1,091,972 -100.0%
P
S
13 $14,709,038 2019 Q4 13F Filing 2026-06-30 2026-08-14
FWONA
LIBERTY MEDIA C...
Communication Services 2.94% 3.29% #7 1
Prev: #8
1.2
—
-103,923 -99.9%
P
S
87 $9,105,035 2024 Q4 13F Filing 2026-06-30 2026-08-14
GRND
GRINDR INC
Technology 0.00% 6.07%
Sold All 😨
(Was: #7)
 0.0
—
-1,241,080 -100.0%
CLOSED
 — $— 2025 Q4 13F Filing 2026-06-30 2026-08-14
Showing 1-8 of 8 holdings

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