Blacksheep Fund Management Ltd
Annual return '25
+34.0%
SPY '25
+17.7%
Alpha
+16.3ptsvs SPY
Invested
$247.2M
Holdings
8
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 89%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$TDG
TRANSDIGM GROUP INC
Q4 2025: Exited (was 38.2k shares)
21.5%
02
$MSFT
MICROSOFT CORP
Q4 2025: New position (5.3k shares)
19.5%
03
$MA
MASTERCARD INCORPORATED
Held since at least Q1 2024
17.7%
04
$V
VISA INC
Q4 2025: New position (3.8k shares)
12.3%
05
$FWONK
LIBERTY MEDIA CORP DEL
Q4 2025: Exited (was 351.7k shares)
12.1%
06
$TCX
TUCOWS INC
Q4 2025: Exited (was 1.09M shares)
7.6%
07
$GRND
GRINDR INC
Held since at least Q1 2024
6.1%
08
$FWONA
LIBERTY MEDIA CORP DEL
Q4 2025: Exited (was 104.0k shares)
3.3%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 10:37 UTC.