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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
+3.76%
1 Year Est. Return
-27.09%
3 Year Est. Return
-3.53%
5 Year Est. Return
-58.38%
10 Year Est. Return
–
AUM
$693M
AUM Growth
-$85.3M
Cap. Flow
-$126M
Cap. Flow %
-18.16%
Top 10 Hldgs %
100%
Holding
10
New
2
Increased
1
Reduced
7
Closed
–

Top Buys

Rank Stock Value
1
NCNO icon
nCino
NCNO
+$38.4M
2
PCOR icon
Procore
PCOR
+$16.8M
3
BLND icon
Blend Labs
BLND
+$6.59M

Top Sells

Rank Stock Value
1
SE icon
Sea Limited
SE
+$68.8M
2
CPNG icon
Coupang
CPNG
+$37.4M
3
PPLI
People Inc
PPLI
+$37.4M
4
HLT icon
Hilton Worldwide
HLT
+$23.1M
5
FOUR icon
Shift4
FOUR
+$12.9M

Sector Composition

Rank Sector Weight
1 Technology 51.28%
2 Consumer Discretionary 32.87%
3 Communication Services 15.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PPLI
1
People Inc
PPLI
$2.86B
$110M 15.85%
2,858,963
-903,927
-24% -$37.4M
FOUR icon
2
Shift4
FOUR
$3.78B
$103M 14.84%
1,402,433
-193,988
-12% -$12.9M
HLT icon
3
Hilton Worldwide
HLT
$73.5B
$100M 14.43%
458,421
-112,288
-20% -$23.1M
MNDY icon
4
monday.com
MNDY
$3.84B
$99.8M 14.4%
414,618
-21,278
-5% -$4.49M
INTU icon
5
Intuit
INTU
$100B
$82.3M 11.87%
125,177
-5,992
-5% -$3.72M
CPNG icon
6
Coupang
CPNG
$29.6B
$67.3M 9.7%
3,210,459
-1,725,574
-35% -$37.4M
SE icon
7
Sea Limited
SE
$72B
$60.6M 8.74%
848,797
-1,041,510
-55% -$68.8M
NCNO icon
8
nCino
NCNO
$2.26B
$38.7M 5.58%
+1,229,338
New +$38.4M
PCOR icon
9
Procore
PCOR
$9.65B
$16.1M 2.32%
+242,407
New +$16.8M
BLND icon
10
Blend Labs
BLND
$360M
$15.9M 2.29%
6,716,144
+2,485,283
+59% +$6.59M

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Dennis Hong's Q2 2024 Portfolio in Review

As of Q2 2024, Dennis Hong held 10 positions worth $693M, down 11% from $779M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Dennis Hong withdrew a net $126M in Q2 2024, reducing 7 holdings. Its largest reduction was Sea Limited, cutting an estimated $68.8M.

By sector, the portfolio is most concentrated in Technology at 51% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Dennis Hong opened a new position in nCino worth $38.7M.

  • Dennis Hong's largest Q2 2024 buy was nCino: 1,229,338 shares worth $38.7M.
  • Dennis Hong added most to Blend Labs in Q2 2024, an estimated $6.59M increase.
  • Dennis Hong's biggest Q2 2024 reduction was Sea Limited, cutting an estimated $68.8M.
  • Dennis Hong's ten largest holdings make up 100% of its $693M portfolio in Q2 2024.
  • Dennis Hong opened 2 new positions and closed 0 in Q2 2024.
  • Dennis Hong's portfolio value fell 11% quarter-over-quarter to $693M.

Based on ShawSpring Partners's 13F filing for Q2 2024, filed 14 Aug 2024.