Q1 2026 · 13F-HR
Blacksheep Fund Management Ltdholdings as filed
Filed 2026-05-13 · accession 0001172661-26-001782
$247.2M
Reported value
8
Positions
2026-03-31
Period end
The Brief · Blacksheep Fund Management Ltd · Q1 2026
AI · grounded in 13F
Blacksheep Fund Management Ltd more than doubled its position in V, increasing share count by 108.7%. The fund also accumulated shares in MA by 97.8% and MSFT by 54.4%. Conversely, the fund trimmed its holding in TDG by 21.7%. These moves brought the fund's total position count to 8 with total AUM of $247.2M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 893641100 | TDG | TRANSDIGM GROUP INC | $53.0M | 21.5% | 45,754 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $48.2M | 19.5% | 130,140 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $43.8M | 17.7% | 87,650 | Common | SOLE |
| 92826C839 | V | VISA INC | $30.4M | 12.3% | 100,710 | Common | SOLE |
| 531229755 | FWONK | LIBERTY MEDIA CORP DEL | $29.9M | 12.1% | 351,706 | Common | SOLE |
| 898697206 | TCX | TUCOWS INC | $18.7M | 7.58% | 1,091,985 | Common | SOLE |
| 39854F101 | GRND | GRINDR INC | $15.0M | 6.07% | 1,241,080 | Common | SOLE |
| 531229771 | FWONA | LIBERTY MEDIA CORP DEL | $8.1M | 3.29% | 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.