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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
+5.67%
1 Year Est. Return
-27.09%
3 Year Est. Return
-3.53%
5 Year Est. Return
-58.38%
10 Year Est. Return
–
AUM
$734M
AUM Growth
-$24.9M
Cap. Flow
-$37.7M
Cap. Flow %
-5.14%
Top 10 Hldgs %
100%
Holding
7
New
–
Increased
3
Reduced
3
Closed
1

Top Buys

Rank Stock Value
1
CPNG icon
Coupang
CPNG
+$7.96M
2
HLT icon
Hilton Worldwide
HLT
+$7.7M
3
BLND icon
Blend Labs
BLND
+$758K

Top Sells

Rank Stock Value
1
SNOW icon
Snowflake
SNOW
+$38.5M
2
INTU icon
Intuit
INTU
+$10.3M
3
PPLI
People Inc
PPLI
+$4.94M
4
SE icon
Sea Limited
SE
+$341K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 51.24%
2 Communication Services 35.78%
3 Technology 12.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PPLI
1
People Inc
PPLI
$2.86B
$263M 35.78%
5,097,125
-107,755
-2% -$4.94M
CPNG icon
2
Coupang
CPNG
$29.6B
$165M 22.47%
9,478,703
+488,455
+5% +$7.96M
SE icon
3
Sea Limited
SE
$72B
$107M 14.54%
1,838,289
-4,779
-0.3% -$341K
HLT icon
4
Hilton Worldwide
HLT
$73.5B
$104M 14.23%
717,821
+54,108
+8% +$7.7M
INTU icon
5
Intuit
INTU
$100B
$84.7M 11.53%
184,786
-23,607
-11% -$10.3M
BLND icon
6
Blend Labs
BLND
$360M
$10.6M 1.45%
11,241,342
+855,281
+8% +$758K
SNOW icon
7
Snowflake
SNOW
$115B
– –
-249,626
Closed -$38.5M

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Dennis Hong's Q2 2023 Portfolio in Review

As of Q2 2023, Dennis Hong held 7 positions worth $734M, down 3.3% from $759M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Dennis Hong withdrew a net $37.7M in Q2 2023, closing 1 position and reducing 3 holdings. Its most notable exit was Snowflake, an estimated $38.5M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 51% of assets, down from 52% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Dennis Hong added an estimated $7.96M to Coupang.

  • Dennis Hong added most to Coupang in Q2 2023, an estimated $7.96M increase.
  • Dennis Hong's biggest Q2 2023 reduction was Intuit, cutting an estimated $10.3M.
  • Dennis Hong fully exited Snowflake in Q2 2023, selling an estimated $38.5M.
  • Dennis Hong's ten largest holdings make up 100% of its $734M portfolio in Q2 2023.
  • Dennis Hong opened 0 new positions and closed 1 in Q2 2023.
  • Dennis Hong's portfolio value fell 3.3% quarter-over-quarter to $734M.

Based on ShawSpring Partners's 13F filing for Q2 2023, filed 14 Aug 2023.