ShawSpring Partners

Q1 2022 13F · by Dennis Hong, portfolio manager

As of: Mar 31, 2022
Filed: Apr 28, 2022
US stock: $727M · prev $811M
Positions: 4 · prev 4
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

+28.6 pp in · −28.6 pp out

New 2 +23.02 pp
Added 1 +5.57 pp
Trimmed 1 −14.66 pp
Exited 2 −13.94 pp

The book

Very concentrated · behaves like 3 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 86% a year, about 1.2 years per position

Low
Moderate
High

Top 5 positions100% of US stock

PPLI People Incorporated trimmed−14.66 pp trimmed−14.6645.8%
SE Sea Limited added+5.57 pp added+5.5731.2%
CPNG Coupang, Inc. new+17.12 pp new+17.1217.1%
BLND Blend Labs, Inc. new+5.90 pp new+5.905.9%

Positions4 in this filing · 2 exited


PPLIPeople Incorporated	45.75%	3,316,227	$333M	trimmed−12%	−14.66 pp	4 q
SESea Limited	31.22%	1,894,553	$227M	added×2.0	+5.57 pp	13 q
CPNGCoupang, Inc.	17.12%	7,040,110	$124M	new	+17.12 pp	new
BLNDBlend Labs, Inc.	5.90%	7,520,104	$43M	new	+5.90 pp	new
XYZBlock, Inc.	—	−443,240	—	exited	−8.83 pp	—
ANGIAngi Inc. Class A	—	−4,501,823	—	exited	−5.11 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001606587-22-001169
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet