Whitebark Investors LP
Incline Village, NV
$129m in 10 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 12.3% of the portfolio this quarter.
Value
$129m
Stocks
10
Top 10 share
100.0%
Turnover
12.3%
What changed this quarter
New
Bought for the first time this quarter.
- Taiwan Semiconductor ManufacturingTSM3.2% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- MicrosoftMSFT12.1% of the fund-18%
- Shenandoah TelecommunicationsSHEN1.9% of the fund-77%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Global-E OnlineGLBE | 16.0% | $21m | 595,432 | Held |
| CoupangCPNG | 14.5% | $19m | 1,078,020 | Held |
| Grocery Outlet HoldingGO | 12.5% | $16m | 1,619,274 | Held |
| MicrosoftMSFT | 12.1% | $16m | 41,893 | -18% |
| Klarna GroupKLAR | 10.8% | $14m | 690,366 | Held |
| Flutter EntertainmentFLUT | 10.6% | $14m | 134,766 | Held |
| Goosehead InsuranceGSHD | 10.1% | $13m | 269,322 | Held |
| Blend LabsBLND | 8.4% | $11m | 6,343,497 | Held |
| Taiwan Semiconductor ManufacturingTSM | 3.2% | $4m | 8,595 | New |
| Shenandoah TelecommunicationsSHEN | 1.9% | $3m | 167,153 | -77% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 64.6% since 30 June 2025.
Where the money is
Technology50.2%
Financial services20.9%
Retail & consumer14.5%
Everyday goods12.5%
Media & telecom1.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.