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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
-10.07%
1 Year Est. Return
-27.09%
3 Year Est. Return
-3.53%
5 Year Est. Return
-58.38%
10 Year Est. Return
–
AUM
$153M
AUM Growth
-$17.5M
Cap. Flow
-$2.15M
Cap. Flow %
-1.41%
Top 10 Hldgs %
100%
Holding
5
New
–
Increased
3
Reduced
2
Closed
–

Top Buys

Rank Stock Value
1
ANGI icon
Angi Inc
ANGI
+$30M
2
SE icon
Sea Limited
SE
+$3.56M
3
JD icon
JD.com
JD
+$1.23M

Top Sells

Rank Stock Value
1
PPLI
People Inc
PPLI
+$26M
2
CVNA icon
Carvana
CVNA
+$10.9M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 65.9%
2 Communication Services 34.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SE icon
1
Sea Limited
SE
$72B
$44.1M 28.77%
1,423,426
+106,051
+8% +$3.56M
CVNA icon
2
Carvana
CVNA
$76.9B
$39.9M 26.08%
3,025,025
-759,400
-20% -$10.9M
ANGI icon
3
Angi Inc
ANGI
$200M
$29.6M 19.32%
417,540
+292,097
+233% +$30M
PPLI
4
People Inc
PPLI
$2.86B
$22.6M 14.78%
580,882
-608,920
-51% -$26M
JD icon
5
JD.com
JD
$39.7B
$16.9M 11.06%
600,383
+40,700
+7% +$1.23M

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Dennis Hong's Q3 2019 Portfolio in Review

As of Q3 2019, Dennis Hong held 5 positions worth $153M, down 10% from $171M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Trading was light in Q3 2019: portfolio turnover was 0%. Dennis Hong opened no new positions and made no exits, leaving the 5-position portfolio largely intact.

By sector, the portfolio is most concentrated in Consumer Discretionary at 66% of assets, up from 63% a quarter earlier, followed by Communication Services.

  • Dennis Hong added most to Angi Inc in Q3 2019, an estimated $30M increase.
  • Dennis Hong's biggest Q3 2019 reduction was People Inc, cutting an estimated $26M.
  • Dennis Hong's ten largest holdings make up 100% of its $153M portfolio in Q3 2019.
  • Dennis Hong opened 0 new positions and closed 0 in Q3 2019.
  • Dennis Hong's portfolio value fell 10% quarter-over-quarter to $153M.

Based on ShawSpring Partners's 13F filing for Q3 2019, filed 13 Nov 2019.