ShawSpring Partners

Q2 2021 13F · by Dennis Hong, portfolio manager

As of: Jun 30, 2021
Filed: Aug 2, 2021
US stock: $1.1B · prev $802M
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%

Moves7 since the prior filing

+41.9 pp in · −42.0 pp out

New 2 +40.45 pp
Added 3 +1.49 pp
Trimmed 1 −5.32 pp
Exited 1 −36.63 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 128% a year, about 0.8 years per position

Low
Moderate
High

Top 5 positions95% of US stock

SE Sea Limited added+2.68 pp added+2.6833.1%
PPLI People Incorporated new+27.78 pp new+27.7827.8%
XYZ Block, Inc. added−0.79 pp added−0.7915.4%
4KS Vimeo Inc new+12.67 pp new+12.6712.7%
MTCH Match Group, Inc trimmed−5.32 pp trimmed−5.325.9%

Positions6 in this filing · 1 exited


SESea Limited	33.07%	1,267,927	$348M	added+16%	+2.68 pp	10 q
PPLIPeople Incorporated	27.78%	1,896,715	$292M	new	+27.78 pp	new
XYZBlock, Inc.	15.41%	665,840	$162M	added+16%	−0.79 pp	5 q
4KSVimeo Inc	12.67%	2,721,086	$133M	new	+12.67 pp	new
MTCHMatch Group, Inc	5.90%	384,962	$62M	trimmed−41%	−5.32 pp	4 q
ANGIAngi Inc. Class A	5.16%	4,019,123	$54M	added+17%	−0.40 pp	9 q
unresolvedIac/Interactivecorp	—	−1,358,278	—	exited	−36.63 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001085146-21-002477
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet