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black-and-white Capital LP Historical SEC 13F Holdings & Archive (Q2 2021)
black-and-white Capital LPCIK: 0001690186
High-turnover traderSector-focusedMomentum follower
Total reported value
$967.3M
Reporting period: 2021-06-30 · Number of holdings: 25
black-and-white Capital LP disclosed 25 holdings in its latest 13F filing for the period ending 2021-06-30, with total reported value of $967.3M and a quarterly turnover rate of 98.6%.
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Personality snowflake
- Concentration
- 48.17
- Portfolio Stability
- 98.6
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 46
- Sizing Uniformity
- 86.4
black-and-white Capital LP's disclosed holdings carry a Herfindahl concentration index of 0.120 — mathematically equivalent to about 8 equally-sized positions, well below its 25 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.36), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 47% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AMZN
+343.3% $224.3M
Trim QQQ
-85.5% -$367.9M
Trim SPY
-60.0% -$112.6M
Add RH
+74.3% $22.4M
Add BKNG
-3.0% -$6.0M
Add RNG
+15.7% $4.8M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 23 holdings (of 25 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 29.09% | +25.38% | +343.31% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 8.85% | -4.02% | -60.00% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 7.33% | -21.16% | -85.45% | |
| 4 | MTCH | Match Group Inc | Stock-Comm Services | 7.00% | +1.81% | -27.87% | |
| 5 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 6.33% | +1.97% | -3.02% | |
| 6 | WIX | Wix.com Ltd. | Stock-Tech | 5.37% | +0.45% | -34.01% | |
| 7 | WDC | Western Digital CORP | Stock-Tech | 4.75% | -1.88% | -57.87% | |
| 8 | RH | Rh | Stock-Consumer Disc | 4.67% | +3.19% | +74.35% | |
| 9 | RNG | Ringcentral Inc-class A | Stock-Tech | 4.35% | +1.93% | +15.75% | |
| 10 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.99% | -1.47% | -64.38% | |
| 11 | AVLRUSD | Avalara Inc | Stock-Other | 2.94% | +1.88% | +44.26% | |
| 12 | VOO | Vanguard S&P 500 ETF | ETF-Large Cap & Growth | 2.69% | -0.96% | -64.69% | |
| 13 | GME | GameStop Corp. | Stock-Consumer Disc | 2.50% | +1.59% | +15.75% | |
| 14 | ZM | Zoom Communications Inc | Stock-Tech | 1.93% | +0.69% | -19.20% | |
| 15 | DASH | Doordash Inc - A | Stock-Consumer Disc | 1.45% | +1.45% | NEW | |
| 16 | KLIC | Kulicke & Soffa Industries | Stock-Tech | 1.37% | +0.68% | — | |
| 17 | TWLO | Twilio Inc - A | Stock-Tech | 1.30% | -1.60% | -75.73% | |
| 18 | RMBS | Rambus Inc | Stock-Tech | 1.09% | +0.75% | +66.15% | |
| 19 | G2C | Everi Holdings Inc | Stock-Other | 0.98% | +0.98% | NEW | |
| 20 | LYFT | Lyft Inc-a | Stock-Tech | 0.92% | +0.92% | NEW | |
| 21 | CHWY | Chewy Inc - Class A | Stock-Consumer Disc | 0.91% | +0.91% | NEW | |
| 22 | CRTO | Criteo Sa-spon Adr | Stock-Other | 0.81% | +0.81% | NEW | |
| 23 | ✓ | Neogames S A Shs | Stock-Other | 0.41% | +0.21% | -27.00% |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2021 Q2 | 25 | $967.3M | 99 | ||
| 2021 Q1 | 30 | $1.5B | 100 | ||
| 2020 Q4 | 37 | $1.2B | 100 | ||
| 2020 Q3 | 34 | $935.0M | 100 | ||
| 2020 Q2 | 40 | $612.5M | 100 | ||
| 2020 Q1 | 65 | $1.2B | 100 | ||
| 2019 Q4 | 37 | $1.2B | 95 | ||
| 2019 Q3 | 42 | $1.1B | 100 | ||
| 2019 Q2 | 48 | $1.5B | 100 | ||
| 2019 Q1 | 39 | $724.7M | 100 | ||
| 2018 Q4 | 36 | $591.6M | 69 | ||
| 2018 Q3 | 46 | $915.5M | 73 | ||
| 2018 Q2 | 39 | $837.0M | 77 | ||
| 2018 Q1 | 32 | $635.0M | 86 | ||
| 2017 Q4 | 27 | $651.6M | 80 | ||
| 2017 Q3 | 30 | $584.7M | 86 | ||
| 2017 Q2 | 33 | $493.6M | 94 | ||
| 2017 Q1 | 33 | $423.7M | 100 | ||
| 2016 Q4 | 30 | $231.9M | 0 |
Holding changes this quarter
black-and-white Capital LP's most significant position changes for 2021-06-30: Sold out: Draftkings Holdings Inc (DKNG1USD); Sold out: NXP Semiconductors N.V. (NXPI); Sold out: Everbridge Inc (EVBGEUR); Sold out: Jamf Holding CORP (JAMF); Sold out: Twitter Inc (TWTRUSD).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | +25.4% | +343.31% | Add |
| 2 | RH | Rh | +3.2% | +74.35% | Add |
| 3 | BKNG | Booking Holdings Inc | +2% | -3.02% | Trim |
| 4 | RNG | Ringcentral Inc-class A | +1.9% | +15.75% | Add |
| 5 | AVLRUSD | Avalara Inc | +1.9% | +44.26% | Add |
| 6 | MTCH | Match Group Inc | +1.8% | -27.87% | Trim |
| 7 | GME | GameStop Corp. | +1.6% | +15.75% | Add |
| 8 | RMBS | Rambus Inc | +0.8% | +66.15% | Add |
| 9 | ZM | Zoom Communications Inc | +0.7% | -19.20% | Trim |
| 10 | KLIC | Kulicke & Soffa Industries | +0.7% | — | Unchanged |
| 11 | WIX | Wix.com Ltd. | +0.5% | -34.01% | Trim |
| 12 | ✓ | Neogames S A Shs | +0.2% | -27.00% | Trim |
| 13 | VOO | Vanguard S&P 500 ETF | -1% | -64.69% | Trim |
| 14 | META | Meta Platforms Inc-class A | -1.5% | -64.38% | Trim |
| 15 | TWLO | Twilio Inc - A | -1.6% | -75.73% | Trim |
| 16 | WDC | Western Digital CORP | -1.9% | -57.87% | Trim |
| 17 | SPY | Ss Spdr S&p 500 ETF Trust-us | -4% | -60.00% | Trim |
| 18 | QQQ | Invesco Qqq Trust Series 1 | -21.2% | -85.45% | Trim |
| 19 | DKNG1USD | Draftkings Holdings Inc | — | EXIT | Sold out |
| 20 | NXPI | NXP Semiconductors N.V. | — | EXIT | Sold out |
| 21 | EVBGEUR | Everbridge Inc | — | EXIT | Sold out |
| 22 | JAMF | Jamf Holding CORP | — | EXIT | Sold out |
| 23 | TWTRUSD | Twitter Inc | — | EXIT | Sold out |
| 24 | U | Unity Software Inc | — | EXIT | Sold out |
| 25 | DASH | Doordash Inc - A | — | NEW | New buy |
| 26 | ✓ | Ftac Olympus Acquisition Cor | — | EXIT | Sold out |
| 27 | G2C | Everi Holdings Inc | — | NEW | New buy |
| 28 | LYFT | Lyft Inc-a | — | NEW | New buy |
| 29 | CHWY | Chewy Inc - Class A | — | NEW | New buy |
| 30 | CRTO | Criteo Sa-spon Adr | — | NEW | New buy |
| 31 | AFRM | Affirm Holdings Inc | — | EXIT | Sold out |
| 32 | DIS | Walt Disney Co/the | — | EXIT | Sold out |
Filing History
FAQ
What is black-and-white Capital LP and what type of investor is it?
black-and-white Capital LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2021-06-30), the firm manages a tracked equity portfolio valued at approximately $967.3M, spread across 25 disclosed positions.
What are black-and-white Capital LP's largest equity positions?
Based on the latest 13F filing, black-and-white Capital LP's top holdings by market value are:
1. Amazon.com Inc (AMZN) — $281.4M (29.1%)
2. Ss Spdr S&p 500 ETF Trust-us (SPY) — $85.6M (8.8%)
3. Invesco Qqq Trust Series 1 (QQQ) — $70.9M (7.3%)
4. Match Group Inc (MTCH) — $67.7M (7.0%)
5. Booking Holdings Inc (BKNG) — $61.2M (6.3%)
What changes did black-and-white Capital LP make in its most recent portfolio filing?
In the latest reported quarter, black-and-white Capital LP made 31 notable position adjustments: 5 new positions were initiated, 6 existing holdings were added to, 11 positions were partially reduced, and 9 were completely exited. The largest of these moves: Sold out: Draftkings Holdings Inc (DKNG1USD); Sold out: NXP Semiconductors N.V. (NXPI); Sold out: Everbridge Inc (EVBGEUR); Sold out: Jamf Holding CORP (JAMF); Sold out: Twitter Inc (TWTRUSD)
What sectors does black-and-white Capital LP focus on?
black-and-white Capital LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 79.2%
• Information Technology: 14.3%
• Communication Services: 6.4%
Investment Profile
black-and-white Capital LP's portfolio is moderately concentrated and fast-trading, with 79.2% of the portfolio concentrated in Consumer Discretionary.
Its concentration score has risen from 22 to 48 over the past 4 quarters — a shift toward higher-conviction positions.
It has trimmed its WDC position for two straight quarters, cutting it by $92.0M while still holding $45.9M.
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Developer Access
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REST API
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