ShawSpring Partners

Q3 2021 13F · by Dennis Hong, portfolio manager

As of: Sep 30, 2021
Filed: Nov 12, 2021
US stock: $959M · prev $1.1B
Positions: 5 · prev 6
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

+8.3 pp in · −8.3 pp out

New 0 0.00 pp
Added 3 +8.27 pp
Trimmed 2 −2.35 pp
Exited 1 −5.90 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 58% a year, about 1.7 years per position

Low
Moderate
High

Top 5 positions100% of US stock

PPLI People Incorporated added+11.73 pp added+11.7339.5%
SE Sea Limited trimmed−2.21 pp trimmed−2.2130.9%
XYZ Block, Inc. trimmed−0.14 pp trimmed−0.1415.3%
4KS Vimeo Inc added−3.62 pp added−3.629.1%
ANGI Angi Inc. Class A added+0.16 pp added+0.165.3%

Positions5 in this filing · 1 exited


PPLIPeople Incorporated	39.51%	2,906,872	$379M	added+53%	+11.73 pp	2 q
SESea Limited	30.86%	925,913	$296M	trimmed−27%	−2.21 pp	11 q
XYZBlock, Inc.	15.27%	610,340	$146M	trimmed−8%	−0.14 pp	6 q
4KSVimeo Inc	9.05%	2,952,085	$87M	added+8%	−3.62 pp	2 q
ANGIAngi Inc. Class A	5.32%	4,133,123	$51M	added+3%	+0.16 pp	10 q
MTCHMatch Group, Inc	—	−384,962	—	exited	−5.90 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001085146-21-003217
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet