Q4 2025 · 13F-HR
Blacksheep Fund Management Ltdholdings as filed
Filed 2026-02-13 · accession 0001172661-26-000795
$246.0M
Reported value
8
Positions
2025-12-31
Period end
The Brief · Blacksheep Fund Management Ltd · Q4 2025
AI · grounded in 13F
Blacksheep Fund Management Ltd established a new position in MSFT valued at $40.76M. The fund also opened new stakes in MA for $25.3M, V for $16.92M, and GRND for $16.8M. Additionally, the manager increased its holding in TDG by 52.967%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 893641100 | TDG | TRANSDIGM GROUP INC | $77.7M | 31.6% | 58,464 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $40.8M | 16.6% | 84,280 | Common | SOLE |
| 531229755 | FWONK | LIBERTY MEDIA CORP DEL | $34.6M | 14.1% | 351,706 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $25.3M | 10.3% | 44,320 | Common | SOLE |
| 898697206 | TCX | TUCOWS INC | $24.5M | 9.95% | 1,091,985 | Common | SOLE |
| 92826C839 | V | VISA INC | $16.9M | 6.88% | 48,250 | Common | SOLE |
| 39854F101 | GRND | GRINDR INC | $16.8M | 6.83% | 1,241,080 | Common | SOLE |
| 531229771 | FWONA | LIBERTY MEDIA CORP DEL | $9.3M | 3.78% | 104,010 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.