black-and-white Capital LP

CIK

1690186

Location

LOS ANGELES, CA

Portfolio Value

Small $646,956,112

Diversification

Diversified

Filing Date

Global Rank

#1,726 / 5,928 ▼ 633 · as of Jun 2021

Top Industry

Internet Content & Information 19.7%

3Y Alpha vs SPY

+8.5%

Period ended 5 years ago

Filed Aug 16, 2021 · 4y

6 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+142.4%

SPY

+76.5%

Annualised alpha

+13.5%

Max drawdown

−31.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

20 positions · as of Jun 30, 2021 · Δ vs Mar 31, 2021

Top Position

13.2%

−20.9 pts

Top 5

52.1%

−15.5 pts

Top 10

79.5%

−9.7 pts

HHI

762

Diversified−864

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2021

Sector	% Portfolio	Value	Positions
Technology	33.8%	$218,547,977	9
Consumer Cyclical	25.9%	$167,506,353	6
Unclassified	24.2%	$156,498,000	2
Communication Services	16.1%	$104,403,782	3

Last Quarter's Activity

Export CSV

Jun 30, 2021 vs Mar 31, 2021

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
RMBS	Rambus Inc	+176,300	442,800	$10,498,788
BRSL	Brightstar Lottery PLC	+137,500	1,010,300	$24,206,788
AMZN	Amazon Com Inc	+63,340	81,790	$14,068,534
RH	Rh	+28,400	66,600	$45,221,400
RNG	RingCentral, Inc.	+19,700	144,800	$42,075,984
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	−1,175,000	200,000	$70,886,000
WDC	Western Digital Corp	−886,000	645,000	$34,697,387
ESTC	Elastic N.V.	−327,000	178,500	$26,018,160
SPY	Spdr S&P 500 ETF Trust	−300,000	200,000	$85,612,000
MTCH	Match Group, Inc.	−162,200	419,800	$67,692,750
META	Meta Platforms, Inc.	−150,200	83,100	$28,894,701
TWLO	Twilio Inc	−99,250	31,800	$12,534,288
WIX	Wix.com Ltd.	−92,300	179,100	$51,989,148
ZM	Zoom Communications, Inc.	−11,450	48,200	$18,654,846
BKNG	Booking Holdings Inc.	−870	27,970	$61,200,880
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
DASH	DoorDash, Inc.	78,600	$14,016,738
LYFT	Lyft, Inc.	146,700	$8,872,416
CHWY	Chewy, Inc.	110,300	$8,792,013
CRTO	Criteo S.A.	172,813	$7,816,331
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
NXPI	NXP Semiconductors N.V.	197,200	$39,704,248
U	Unity Software Inc.	178,750	$17,930,412
AFRM	Affirm Holdings, Inc.	71,600	$5,063,552
DIS	Walt Disney Co	23,800	$4,391,576
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

20 positions · $646,956,112 total · as of Jun 30, 2021

All sectors Communication Services Consumer Cyclical Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	200,000	-300,000	$85,612,000	−56.8%	13.23%
QQQ	Invesco Qqq Trust, Series 1	Reduced	200,000	-1,175,000	$70,886,000	−83.8%	10.96%
MTCH	Match Group, Inc. Communication Services	Reduced	419,800	-162,200	$67,692,750	−15.3%	10.46%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	27,970	-870	$61,200,880	−8.9%	9.46%
WIX	Wix.com Ltd. Technology	Reduced	179,100	-92,300	$51,989,148	−31.4%	8.04%
RH	Rh Consumer Cyclical	Added	66,600	+28,400	$45,221,400	+98.4%	6.99%
RNG	RingCentral, Inc. Technology	Added	144,800	+19,700	$42,075,984	+12.9%	6.50%
WDC	Western Digital Corp Technology	Reduced	645,000	-886,000	$34,697,387	−55.1%	5.36%
META	Meta Platforms, Inc. Communication Services	Reduced	83,100	-150,200	$28,894,701	−57.9%	4.47%
ESTC	Elastic N.V. Technology	Reduced	178,500	-327,000	$26,018,160	−53.7%	4.02%
BRSL	Brightstar Lottery PLC Consumer Cyclical	Added	1,010,300	+137,500	$24,206,788	+72.8%	3.74%
ZM	Zoom Communications, Inc. Technology	Reduced	48,200	-11,450	$18,654,846	−2.7%	2.88%
AMZN	Amazon Com Inc Consumer Cyclical	Added	81,790	+63,340	$14,068,534	+392.9%	2.17%
DASH	DoorDash, Inc. Consumer Cyclical	NEW	78,600	NEW	$14,016,738	NEW	2.17%
KLIC	Kulicke & Soffa Industries Inc Technology	Held	215,800	0	$13,206,960	+24.6%	2.04%
TWLO	Twilio Inc Technology	Reduced	31,800	-99,250	$12,534,288	−71.9%	1.94%
RMBS	Rambus Inc Technology	Added	442,800	+176,300	$10,498,788	+102.6%	1.62%
LYFT	Lyft, Inc. Technology	NEW	146,700	NEW	$8,872,416	NEW	1.37%
CHWY	Chewy, Inc. Consumer Cyclical	NEW	110,300	NEW	$8,792,013	NEW	1.36%
CRTO	Criteo S.A. Communication Services	NEW	172,813	NEW	$7,816,331	NEW	1.21%