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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
-33.3%
1 Year Est. Return
-27.09%
3 Year Est. Return
-3.53%
5 Year Est. Return
-58.38%
10 Year Est. Return
–
AUM
$727M
AUM Growth
-$84.1M
Cap. Flow
+$181M
Cap. Flow %
24.84%
Top 10 Hldgs %
100%
Holding
6
New
2
Increased
1
Reduced
1
Closed
2

Top Buys

Rank Stock Value
1
CPNG icon
Coupang
CPNG
+$150M
2
SE icon
Sea Limited
SE
+$136M
3
BLND icon
Blend Labs
BLND
+$58.3M

Top Sells

Rank Stock Value
1
XYZ
Block Inc
XYZ
+$71.6M
2
PPLI
People Inc
PPLI
+$51.1M
3
ANGI icon
Angi Inc
ANGI
+$41.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 48.35%
2 Communication Services 45.75%
3 Technology 5.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PPLI
1
People Inc
PPLI
$2.86B
$333M 45.75%
4,042,481
-526,056
-12% -$51.1M
SE icon
2
Sea Limited
SE
$72B
$227M 31.22%
1,894,553
+964,890
+104% +$136M
CPNG icon
3
Coupang
CPNG
$29.6B
$124M 17.12%
+7,040,110
New +$150M
BLND icon
4
Blend Labs
BLND
$360M
$42.9M 5.9%
+7,520,104
New +$58.3M
ANGI icon
5
Angi Inc
ANGI
$200M
– –
-450,182
Closed -$41.5M
XYZ
6
Block Inc
XYZ
$49.4B
– –
-443,240
Closed -$71.6M

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Dennis Hong's Q1 2022 Portfolio in Review

As of Q1 2022, Dennis Hong held 6 positions worth $727M, down 10% from $811M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Dennis Hong deployed $181M of net new capital in Q1 2022, opening 2 new positions and adding to 1 existing holding. Its largest new stake was Coupang: 7,040,110 shares worth $124M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 48% of assets, up from 26% a quarter earlier, followed by Communication Services and Technology.

On the sell side, the largest reduction was People Inc, an estimated $51.1M trimmed.

  • Dennis Hong's largest Q1 2022 buy was Coupang: 7,040,110 shares worth $124M.
  • Dennis Hong added most to Sea Limited in Q1 2022, an estimated $136M increase.
  • Dennis Hong's biggest Q1 2022 reduction was People Inc, cutting an estimated $51.1M.
  • Dennis Hong fully exited Block Inc in Q1 2022, selling an estimated $71.6M.
  • Dennis Hong's ten largest holdings make up 100% of its $727M portfolio in Q1 2022.
  • Dennis Hong opened 2 new positions and closed 2 in Q1 2022.
  • Dennis Hong's portfolio value fell 10% quarter-over-quarter to $727M.

Based on ShawSpring Partners's 13F filing for Q1 2022, filed 16 May 2022.