Blacksheep Fund Management Ltd — Q1 2025 13F-HR

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Q1 2025 · 13F-HR

Blacksheep Fund Management Ltdholdings as filed

Filed 2025-05-15 · accession 0001172661-25-002069

$61.4M

Reported value

Positions

2025-03-31

Period end

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Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
531229755	FWONK	LIBERTY MEDIA CORP DEL	$34.5M	56.2%	383,056	Common	SOLE
898697206	TCX	TUCOWS INC	$18.4M	30.0%	1,091,985	Common	SOLE
531229771	FWONA	LIBERTY MEDIA CORP DEL	$8.5M	13.8%	104,010	Common	SOLE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.