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DH

Dennis Hong ShawSpring Partners

AUM $232M
1-Year Est. Return 27.09%
 

Dennis Hong is the founder of ShawSpring Partners, a concentrated investment firm focused on high-quality growth businesses, often in technology-enabled industries. The portfolio typically features a limited number of positions held with a multi-year horizon. Hong’s firm is followed by investors who track small, research-intensive growth managers.

This Fund
S&P 500
This Quarter Est. Return
+56.63%
1 Year Est. Return
-27.09%
3 Year Est. Return
-3.53%
5 Year Est. Return
-58.38%
10 Year Est. Return
–
AUM
$159M
AUM Growth
+$62.3M
Cap. Flow
+$17.6M
Cap. Flow %
11.05%
Top 10 Hldgs %
100%
Holding
4
New
1
Increased
1
Reduced
1
Closed
–

Top Buys

Rank Stock Value
1
SE icon
Sea Limited
SE
+$21.6M
2
CVNA icon
Carvana
CVNA
+$7.6M

Top Sells

Rank Stock Value
1
JD icon
JD.com
JD
+$11.6M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 66.65%
2 Communication Services 33.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PPLI
1
People Inc
PPLI
$2.86B
$53M 33.35%
1,412,074
– –
CVNA icon
2
Carvana
CVNA
$76.9B
$50.9M 32.01%
4,382,530
+903,225
+26% +$7.6M
SE icon
3
Sea Limited
SE
$72B
$29M 18.23%
+1,232,375
New +$21.6M
JD icon
4
JD.com
JD
$39.7B
$26.1M 16.4%
864,886
-457,411
-35% -$11.6M

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Dennis Hong's Q1 2019 Portfolio in Review

As of Q1 2019, Dennis Hong held 4 positions worth $159M, up 65% from $96.6M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Dennis Hong deployed $17.6M of net new capital in Q1 2019, opening 1 new position and adding to 1 existing holding. Its largest new stake was Sea Limited: 1,232,375 shares worth $29M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 67% of assets, up from 52% a quarter earlier, followed by Communication Services.

On the sell side, the largest reduction was JD.com, an estimated $11.6M trimmed.

  • Dennis Hong's largest Q1 2019 buy was Sea Limited: 1,232,375 shares worth $29M.
  • Dennis Hong added most to Carvana in Q1 2019, an estimated $7.6M increase.
  • Dennis Hong's biggest Q1 2019 reduction was JD.com, cutting an estimated $11.6M.
  • Dennis Hong's ten largest holdings make up 100% of its $159M portfolio in Q1 2019.
  • Dennis Hong opened 1 new position and closed 0 in Q1 2019.
  • Dennis Hong's portfolio value rose 65% quarter-over-quarter to $159M.

Based on ShawSpring Partners's 13F filing for Q1 2019, filed 14 May 2019.