Blacksheep Fund Management Ltd

Holdings as of 2026-06-30, filed 2026-08-25

This is history, not a current position. These holdings describe 2026-06-30, and the report became public 56 days later. The portfolio has changed since.

Aggregates

computed from the positions below
Positions reported
7
Value reported by manager
$309.6M
Sum of our stored positions
$309.6M
should match the line above
Disclosure lag
56 d
quarter end to filing
Top 5 concentration
92.3%
of the positions shown
New positions
0
vs previous quarter
Exited
0
vs previous quarter
Option positions
0
puts and calls

Positions

7 largest shown
IssuerClassValueSharesTypeCUSIP
MASTERCARD INCORPORATEDCL A$78.8M153,43057636Q104
VISA INCCOM CL A$64M186,55092826C839
TRANSDIGM GROUP INCCOM$60.9M45,754893641100
MICROSOFT CORPCOM$48.5M130,140594918104
LIBERTY MEDIA CORP DELCOM LBTY ONE S C$33.5M351,706531229755
TUCOWS INCCOM NEW$14.7M1,091,985898697206
LIBERTY MEDIA CORP DELCOM LBTY ONE S A$9.1M104,010531229771
Values are shown exactly as filed. Before 2023 managers reported in thousands of dollars and afterwards in whole dollars; the reporting unit is not always determinable from the document, so nothing is converted automatically.

Source: U.S. Securities and Exchange Commission, Form 13F · as of 2026-08-25