Arkolith/Funds/Blacksheep Fund Management Ltd

Blacksheep Fund Management Ltd

CIK 1800249
Holdings as of Aug 25, 2026·disclosed Aug 25, 2026·~0-day 13F lag·13F-HR/AAmended
Active Filer

Blacksheep Fund Management Ltd holds a concentrated book of 7 stocks worth $309.6M as of Q3 2026 (disclosed Aug 25, 2026, a ~0-day 13F lag). Their largest long position is Mastercard Inc - A at 25% of the equity book. Cloning the disclosed picks since 2026 would be +7% (+13.0%/yr). That is a simulation of the disclosed long book, not audited returns.

Opened
0
bought for the first time
no new positions
Added to
2
already held, bought more
Trimmed
0
sold some, still holds it
no trims
Sold out
1
exited the position entirely

Growth of $10,000: cloning the disclosed book

If you'd copied them
+6.7%
+13.0%/yr · since Feb '26
Their reported book
+6.7%
held from quarter-end
S&P 500
+12.6%
same window
$9K$10K$10K$11K$11KFeb '26Mar '26Apr '26Jun '26Jul '26Aug '26
Blacksheep Fund Management Ltd (copied at disclosure) S&P 500

Growth of $10,000 cloning Blacksheep Fund Management Ltd's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~0 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

Concentration

Top-heavy: concentrated book

Top 5 holdings
92%
Top 10 holdings
100%
Top 20 holdings
100%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

100% mapped to company sectors

Financials
46%
Information Technology
20%
Industrials
20%
Communication Services
14%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Funds with the most overlap

Other tracked managers holding the same core names as Blacksheep Fund Management Ltd

Manager / fundShared namesTheir $ in those
BlackRock, Inc.8 / 7$300.9B
VANGUARD CAPITAL MANAGEMENT LLC8 / 7$242.3B
STATE STREET CORP8 / 7$169.1B
GEODE CAPITAL MANAGEMENT, LLC8 / 7$99.3B
FMR LLC8 / 7$97.9B
VANGUARD PORTFOLIO MANAGEMENT LLC8 / 7$86.9B
MORGAN STANLEY8 / 7$69.5B
JPMORGAN CHASE & CO8 / 7$66.9B

Ranked by how many of Blacksheep Fund Management Ltd's top 7 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

7 positions
#SecurityValueShares% PortLast moveHistory
1Mastercard Incorporated
CL A
$78.8M153.4K
25.5%
+75%
Added · +66K sh
2Visa Inc
COM CL A
$64.0M186.6K
20.7%
+85%
Added · +86K sh
3Transdigm Group Inc
COM
$60.9M45.8K
19.7%
Held
4Microsoft Corp
COM
$48.5M130.1K
15.7%
Held
5Liberty Media Corp Del
COM LBTY ONE S C
$33.5M351.7K
10.8%
Held
6Tucows Inc
COM NEW
$14.7M1.09M
4.8%
Held
7Liberty Media Corp Del
COM LBTY ONE S A
$9.1M104.0K
2.9%
Held
Showing all 7 positions
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Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q3 2026Aug 25, 2026Aug 25, 20267$309.6M13F-HR/A
Q2 2026May 13, 2026May 13, 20268$247.2M13F-HR
Q1 2026Feb 13, 2026Feb 13, 20268$246.0M13F-HR
Amended / restated
  • Q3 2026 · filed Aug 14, 202613F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.