Blacksheep Fund Management Ltd

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Blacksheep Fund Management Ltd reported 4 stock positions worth $130.1 million. Its top holding was Brookfield (BN) at 52.0% of the portfolio, followed by KKR (KKR, 29.2%) and Tucows Class A (TCX, 13.6%). Compared with Q1 2024, it reduced 2. The biggest sale was KKR (KKR, shares −27%).

Most Recent 13F
Q2 2026
Location
Co. Dublin, L2
CIK
0001800249
Portfolio Value
$130.1M (Q2 2024)
SEC Filing
0001172661-24-003471 ↗ filed Aug 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $148.8M Q1 2024 Q2 2024: $130.1M $130.1M Q2 2024 Q3 2024: $108.6M Q3 2024 Q4 2024: $55.4M Q4 2024 Q1 2025: $61.4M Q1 2025 Q2 2025: $71.4M Q2 2025 Q3 2025: $117.3M Q3 2025 Q4 2025: $246.0M Q4 2025 Q1 2026: $247.2M Q1 2026 Q2 2026: $309.6M Q2 2026

Holdings 4 stocks · $130.1M
BN Brookfield Corp. 51.98% 1,627,774 $67.6M Reduce -9.0%
KKR KKR & Co. Inc. 29.22% 361,144 $38.0M Reduce -26.5%
TCX Tucows Inc. Class A 13.59% 915,154 $17.7M No change
BAM Brookfield Asset Mgmt-A 5.20% 177,832 $6.8M No change

Portfolio Sells Q1 2024 → Q2 2024
KKR KKR & Co. Inc. Reduce -26.5% 29.22% −4.02
BN Brookfield Corp. Reduce -9.0% 51.98% +1.66

Portfolio Buys Q1 2024 → Q2 2024
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 7$309.6MMA, V, TDG, MSFT, FWONK
Q1 2026 8$247.2MTDG, MSFT, MA, V, FWONK
Q4 2025 8$246.0MTDG, MSFT, FWONK, MA, TCX
Q3 2025 4$117.3MTDG, FWONK, TCX, FWONA
Q2 2025 3$71.4MFWONK, TCX, FWONA
Q1 2025 3$61.4MFWONK, TCX, FWONA
Q4 2024 4$55.4MFWONK, TCX, BN, FWONA
Q3 2024 4$108.6MBN, KKR, TCX, BAM
Q2 2024 4$130.1MBN, KKR, TCX, BAM
Q1 2024 4$148.8MBN, KKR, TCX, BAM