ShawSpring Partners

Q2 2020 13F · by Dennis Hong, portfolio manager

As of: Jun 30, 2020
Filed: Aug 6, 2020
US stock: $446M · prev $283M
Positions: 6 · prev 5
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves6 since the prior filing

+25.1 pp in · −25.1 pp out

New 1 +19.16 pp
Added 1 +5.95 pp
Trimmed 4 −25.11 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 5 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 87% a year, about 1.1 years per position

Low
Moderate
High

Top 5 positions94% of US stock

IACI Iac / Interactivecorp (De) Com Stk added+5.95 pp added+5.9529.8%
SE Sea Limited trimmed−19.82 pp trimmed−19.8225.2%
XYZ Block, Inc. new+19.16 pp new+19.1619.2%
JD JD.com, Inc. trimmed−1.46 pp trimmed−1.4611.4%
ANGI Angi Inc. Class A trimmed−3.03 pp trimmed−3.038.3%

Positions6 in this filing · 0 exited


IACIIac / Interactivecorp (De) Com Stk	29.77%	410,958	$133M	added+9%	+5.95 pp	7 q
SESea Limited	25.24%	1,050,664	$113M	trimmed−63%	−19.82 pp	6 q
XYZBlock, Inc.	19.16%	815,152	$86M	new	+19.16 pp	new
JDJD.com, Inc.	11.38%	844,108	$51M	trimmed−6%	−1.46 pp	7 q
ANGIAngi Inc. Class A	8.34%	3,062,583	$37M	trimmed−50%	−3.03 pp	5 q
CVNACarvana Co.	6.11%	227,057	$27M	trimmed−36%	−0.80 pp	7 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001085146-20-002168
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet