ShawSpring Partners

Q4 2020 13F · by Dennis Hong, portfolio manager

As of: Dec 31, 2020
Filed: Feb 12, 2021
US stock: $708M · prev $492M
Positions: 5 · 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%

Moves5 since the prior filing

+4.3 pp in · −4.3 pp out

New 0 0.00 pp
Added 3 +4.29 pp
Trimmed 2 −4.30 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 8.4% a year, about 11.9 years per position

Low
Moderate
High

Top 5 positions100% of US stock

SE Sea Limited added−2.34 pp added−2.3435.3%
unresolved Iac/Interactivecorp added+7.28 pp added+7.2827.4%
MTCH Match Group, Inc trimmed−0.99 pp trimmed−0.9916.5%
XYZ Block, Inc. trimmed−3.31 pp trimmed−3.3115.3%
ANGI Angi Inc. Class A added−0.65 pp added−0.655.5%

Positions5 in this filing · 0 exited


SESea Limited	35.33%	1,257,556	$250M	added+5%	−2.34 pp	8 q
unresolvedIac/Interactivecorp	27.38%	1,024,591	$194M	added+24%	+7.28 pp	2 q
MTCHMatch Group, Inc	16.53%	774,556	$117M	trimmed−1%	−0.99 pp	2 q
XYZBlock, Inc.	15.29%	497,740	$108M	trimmed−12%	−3.31 pp	3 q
ANGIAngi Inc. Class A	5.47%	2,933,266	$39M	added+8%	−0.65 pp	7 q

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001085146-21-000667
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet