Black-and-white Capital L.P. is an investment fund managing more than $394 million ran by Steve Tarrab. There are currently 25 companies in Mr. Tarrab’s portfolio. The largest investments include Match and Zynga, together worth $79.9 million.
As of 7th October 2020, Black-and-white Capital L.P.’s top holding is 404,100 shares of Match currently worth over $43.3 million and making up 11.0% of the portfolio value.
Relative to the number of outstanding shares of Match, Black-and-white Capital L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 3,840,000 shares of Zynga worth $36.6 million, whose value grew 32.1% in the past six months.
The third-largest holding is Elastic N V worth $35.2 million and the next is CrowdStrike worth $30.5 million, with 303,900 shares owned.
Currently, Black-and-white Capital L.P.'s portfolio is worth at least $394 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Black-and-white Capital L.P. office and employees reside in Los Angeles, California. According to the last 13-F report filed with the SEC, Steve Tarrab serves as the Chief Financial Officer at Black-and-white Capital L.P..
In the most recent 13F filing, Black-and-white Capital L.P. revealed that it had opened a new position in
Spotify Technology S A and bought 110,500 shares worth $28.5 million.
The investment fund also strengthened its position in Match by buying
308,700 additional shares.
This makes their stake in Match total 404,100 shares worth $43.3 million.
Match soared 50.2% in the past year.
On the other hand, there are companies that Black-and-white Capital L.P. is getting rid of from its portfolio.
Black-and-white Capital L.P. closed its position in Netflix on 14th August 2020.
It sold the previously owned 114,250 shares for $42.9 million.
Steve Tarrab also disclosed a decreased stake in Zynga by 0.5%.
This leaves the value of the investment at $36.6 million and 3,840,000 shares.
The two most similar investment funds to Black-and-white Capital L.P. are Global Strategic Investment Solutions and Sompo Asset Management Co. They manage $394 million and $394 million respectively.
Black-and-white Capital L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 46.6% of
the total portfolio value.
The fund focuses on investments in the United States as
68.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
52% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $59.3 billion.
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Match Group, Inc. |
323.58%
404,100
|
$43,259,000 | 10.98% |
| Netflix, Inc. |
Closed
114,250
|
$42,901,000 | |
| Zynga, Inc. |
52.22%
3,840,000
|
$36,634,000 | 9.30% |
| Elastic N V |
36.67%
381,400
|
$35,169,000 | 8.93% |
| CrowdStrike Holdings, Inc. |
45.42%
303,900
|
$30,478,000 | 7.74% |
| Spotify Technology S A |
Opened
110,500
|
$28,530,000 | 7.24% |
| Marvell Technology Group Ltd. |
Closed
1,206,303
|
$27,299,000 | |
| Uber Technologies, Inc. |
Closed
950,000
|
$26,524,000 | |
| IAA, Inc. |
Closed
740,465
|
$22,184,000 | |
| Starbucks Corp. |
Closed
330,000
|
$21,694,000 | |
| Cloudflare, Inc. |
57.70%
564,000
|
$20,276,000 | 5.15% |
| XPO Logistics, Inc. |
Closed
408,390
|
$19,909,000 | |
| Walmart, Inc. |
Opened
162,100
|
$19,416,000 | 4.93% |
| Micron Technology, Inc. |
Opened
370,400
|
$19,083,000 | 4.84% |
| Roku, Inc. |
Opened
159,000
|
$18,528,000 | 4.70% |
| Bill.com Holdings, Inc. |
Opened
201,500
|
$18,177,000 | 4.61% |
| Smartsheet, Inc. |
28.15%
337,000
|
$17,160,000 | 4.36% |
| Zendesk, Inc. |
51.13%
190,600
|
$16,874,000 | 4.28% |
| Fidelity Natl Information Sv |
Closed
125,850
|
$15,308,000 | |
| Pinterest, Inc. |
Closed
778,150
|
$12,015,000 | |
| Prologis, Inc. |
Closed
143,000
|
$11,493,000 | |
| Disney Walt Co |
84.37%
91,000
|
$10,147,000 | 2.58% |
| General Mtrs Co |
Opened
394,000
|
$9,968,000 | 2.53% |
| Booking Holdings, Inc. |
Opened
6,200
|
$9,873,000 | 2.51% |
| Cree, Inc. |
Closed
269,000
|
$9,539,000 | |
| Aptiv Plc |
48.76%
118,025
|
$9,197,000 | 2.33% |
| NVIDIA Corp. |
13.92%
22,500
|
$8,548,000 | 2.17% |
| Servicemaster Global Hldgs I |
Opened
225,000
|
$8,030,000 | 2.04% |
| Avalara, Inc. |
Closed
87,650
|
$6,539,000 | |
| Live Nation Entertainment In |
81.89%
140,000
|
$6,206,000 | 1.58% |
| Diamond Eagle Acquisition Co |
Closed
478,810
|
$5,909,000 | |
| Chegg, Inc. |
Opened
84,500
|
$5,683,000 | 1.44% |
| Alteryx, Inc. |
Opened
33,800
|
$5,553,000 | 1.41% |
| Etsy, Inc. |
Opened
49,300
|
$5,237,000 | 1.33% |
| Keysight Technologies, Inc. |
Opened
50,600
|
$5,099,000 | 1.29% |
| Dynatrace, Inc. |
Opened
100,500
|
$4,080,000 | 1.04% |
| ON Semiconductor Corp. |
Closed
325,200
|
$4,045,000 | |
| Criteo S A |
Opened
236,000
|
$2,688,000 | 0.68% |
| Signet Jewelers Limited |
Closed
250,000
|
$1,613,000 | |
| No transactions found | |||
| Showing first 500 out of 39 holdings | |||