ShawSpring Partners

Q3 2023 13F · by Dennis Hong, portfolio manager

As of: Sep 30, 2023
Filed: Nov 13, 2023
US stock: $597M · prev $734M
Positions: 6 · 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

+4.5 pp in · −4.5 pp out

New 0 0.00 pp
Added 1 +4.45 pp
Trimmed 5 −4.46 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 5 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 22% a year, about 4.6 years per position

Low
Moderate
High

Top 5 positions99% of US stock

PPLI People Incorporated trimmed−4.75 pp trimmed−4.7531.0%
CPNG Coupang, Inc. trimmed−1.79 pp trimmed−1.7920.7%
SE Sea Limited added+4.45 pp added+4.4519.0%
HLT Hilton Worldwide Holdings Inc. trimmed+0.98 pp trimmed+0.9815.2%
INTU Intuit Inc trimmed+1.47 pp trimmed+1.4713.0%

Positions6 in this filing · 0 exited


PPLIPeople Incorporated	31.03%	3,678,597	$185M	trimmed−12%	−4.75 pp	10 q
CPNGCoupang, Inc.	20.68%	7,267,631	$124M	trimmed−23%	−1.79 pp	7 q
SESea Limited	18.99%	2,580,582	$113M	added+40%	+4.45 pp	19 q
HLTHilton Worldwide Holdings Inc.	15.21%	605,066	$91M	trimmed−16%	+0.98 pp	6 q
INTUIntuit Inc	13.00%	152,003	$78M	trimmed−18%	+1.47 pp	5 q
BLNDBlend Labs, Inc.	1.08%	4,721,154	$6M	trimmed−58%	−0.37 pp	7 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001172661-23-003776
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet