ShawSpring Partners

Q4 2023 13F · by Dennis Hong, portfolio manager

As of: Dec 31, 2023
Filed: Feb 13, 2024
US stock: $609M · prev $597M
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

−1.0 pp in · +1.0 pp out

New 0 0.00 pp
Added 1 −1.00 pp
Trimmed 5 +1.00 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 5 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 3.3% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions98% of US stock

PPLI People Incorporated trimmed−0.19 pp trimmed−0.1930.8%
SE Sea Limited added−1.00 pp added−1.0018.0%
HLT Hilton Worldwide Holdings Inc. trimmed+2.37 pp trimmed+2.3717.6%
CPNG Coupang, Inc. trimmed−3.91 pp trimmed−3.9116.8%
INTU Intuit Inc trimmed+2.14 pp trimmed+2.1415.1%

Positions6 in this filing · 0 exited


PPLIPeople Incorporated	30.84%	3,586,605	$188M	trimmed−3%	−0.19 pp	11 q
SESea Limited	17.99%	2,705,314	$110M	added+5%	−1.00 pp	20 q
HLTHilton Worldwide Holdings Inc.	17.58%	588,222	$107M	trimmed−3%	+2.37 pp	7 q
CPNGCoupang, Inc.	16.77%	6,311,192	$102M	trimmed−13%	−3.91 pp	8 q
INTUIntuit Inc	15.14%	147,577	$92M	trimmed−3%	+2.14 pp	6 q
BLNDBlend Labs, Inc.	1.67%	4,000,769	$10M	trimmed−15%	+0.59 pp	8 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001172661-24-000844
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet