Latest Blacksheep Fund Management Ltd Stock Portfolio

$247Million | No. of Holdings #8

About Blacksheep Fund Management Ltd and 13F Hedge Fund Stock Holdings

On 2026-05-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, Blacksheep Fund Management Ltd reported an equity portfolio of $247.2 Millions as of 31 Mar, 2026. <br><br> The top stock holdings of Blacksheep Fund Management Ltd are TDG, MSFT, MA. The fund has invested 21.4% of it's portfolio in TRANSDIGM GROUP INC and 19.5% of portfolio in MICROSOFT CORP. <br><br> They significantly reduced their stock positions in TRANSDIGM GROUP INC (TDG). The fund showed a lot of confidence in some stocks as they added substantially to VISA INC (V), MASTERCARD INCORPORATED (MA) and MICROSOFT CORP (MSFT).

Blacksheep Fund Management Ltd Equity Portfolio Value

Last Reported on: 13 May, 2026

$247Million

as of May 13, 2026

Blacksheep Fund Management Ltd Annual Return Estimates Vs S&P 500

Performance

New Buys

No new stocks were added by Blacksheep Fund Management Ltd

Additions

Ticker	% Inc.
visa inc	108
mastercard incorporated	97.77
microsoft corp	54.41

Additions to existing portfolio by Blacksheep Fund Management Ltd

Reductions

Ticker	% Reduced
transdigm group inc	-21.74

Blacksheep Fund Management Ltd reduced stake in above stock

Sold off

None of the stocks were completely sold off by Blacksheep Fund Management Ltd

Sector Distribution

Financial Services
Technology
Others
Industrials

Sector	%
Financial Services	30
Technology	27.1
Others	21.5
Industrials	21.5

Market Cap. Distribution

MEGA-CAP
LARGE-CAP
UNALLOCATED
MICRO-CAP

Category	%
MEGA-CAP	49.5
LARGE-CAP	21.5
UNALLOCATED	21.5
MICRO-CAP	7.6

Stocks belong to which Index?

S&P 500
RUSSELL 2000
Others

Index	%
S&P 500	71
RUSSELL 2000	23
Others	6.1

Top 5 Winners (%)		%

Top 5 Winners ($)		$

Top 5 Losers (%)		%
TCX	tucows inc	-23.5 %
MSFT	microsoft corp	-20.2 %
BATRA	liberty media corp del	-13.7 %
BATRA	liberty media corp del	-12.6 %
TDG	transdigm group inc	-11.4 %

Top 5 Losers ($)		$
MSFT	microsoft corp	-12.2 M
TDG	transdigm group inc	-8.9 M
TCX	tucows inc	-5.7 M
BATRA	liberty media corp del	-4.7 M
MA	mastercard incorporated	-4.7 M

Blacksheep Fund Management Ltd Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Blacksheep Fund Management Ltd

$247.20MTotal Value

8.00Positions

13 May, 2026Last Reported

Current holdings of Current Stock Holdings of Blacksheep Fund Management Ltd, last reported on 13 May, 2026. Select a row with a linked ticker to view its historical trend.
Holdingsorted ascending	% Portfolio	Shares Held	$ Value	% Change
BATRA Liberty Media Corp Del Liberty Media Corp Del BATRA Blacksheep Fund Management Ltd's holding in Liberty Media Corp Del over time	12.1%	351,706	$29.90M 12.1%	unchanged 0 percentunchanged

BATRA Liberty Media Corp Del Liberty Media Corp Del BATRA Blacksheep Fund Management Ltd's holding in Liberty Media Corp Del over time	3.29%	104,010	$8.12M 3.29%	unchanged 0 percentunchanged

MA Mastercard Incorporated Mastercard IncorporatedMA Blacksheep Fund Management Ltd's holding in Mastercard Incorporated over time	17.72%	87,650	$43.80M 17.72%	increased 97.77 percentadded

MSFT Microsoft Corp Microsoft CorpMSFT Blacksheep Fund Management Ltd's holding in Microsoft Corp over time	19.49%	130,140	$48.17M 19.49%	increased 54.41 percentadded

TCX Tucows Inc Tucows IncTCX Blacksheep Fund Management Ltd's holding in Tucows Inc over time	7.58%	1,091,980	$18.74M 7.58%	unchanged 0 percentunchanged

TDG Transdigm Group Inc Transdigm Group IncTDG Blacksheep Fund Management Ltd's holding in Transdigm Group Inc over time	21.45%	45,754	$53.03M 21.45%	decreased 21.74 percentreduced

V Visa Inc Visa IncV Blacksheep Fund Management Ltd's holding in Visa Inc over time	12.31%	100,710	$30.44M 12.31%	increased 108.73 percentadded

Com Grindr Inc Grindr Inc Blacksheep Fund Management Ltd's holding in Grindr Inc over time	6.07%	1,241,080	$15.00M 6.07%	unchanged 0 percentunchanged