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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
+12.87%
1 Year Est. Return
-27.09%
3 Year Est. Return
-3.53%
5 Year Est. Return
-58.38%
10 Year Est. Return
–
AUM
$792M
AUM Growth
+$98.3M
Cap. Flow
+$10.6M
Cap. Flow %
1.34%
Top 10 Hldgs %
100%
Holding
10
New
–
Increased
3
Reduced
7
Closed
–

Top Buys

Rank Stock Value
1
PCOR icon
Procore
PCOR
+$73.4M
2
NCNO icon
nCino
NCNO
+$45.1M
3
SE icon
Sea Limited
SE
+$7.12M

Top Sells

Rank Stock Value
1
PPLI
People Inc
PPLI
+$38.9M
2
HLT icon
Hilton Worldwide
HLT
+$36.6M
3
MNDY icon
monday.com
MNDY
+$15.9M
4
INTU icon
Intuit
INTU
+$11.6M
5
FOUR icon
Shift4
FOUR
+$6.26M

Sector Composition

Rank Sector Weight
1 Technology 60.41%
2 Consumer Discretionary 28.85%
3 Communication Services 10.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FOUR icon
1
Shift4
FOUR
$3.78B
$117M 14.77%
1,319,879
-82,554
-6% -$6.26M
MNDY icon
2
monday.com
MNDY
$3.84B
$97.4M 12.3%
350,530
-64,088
-15% -$15.9M
SE icon
3
Sea Limited
SE
$72B
$88.9M 11.23%
943,179
+94,382
+11% +$7.12M
PCOR icon
4
Procore
PCOR
$9.65B
$88.8M 11.21%
1,438,082
+1,195,675
+493% +$73.4M
PPLI
5
People Inc
PPLI
$2.86B
$85M 10.74%
1,925,932
-933,031
-33% -$38.9M
NCNO icon
6
nCino
NCNO
$2.26B
$83.8M 10.59%
2,653,687
+1,424,349
+116% +$45.1M
CPNG icon
7
Coupang
CPNG
$29.6B
$72.8M 9.19%
2,963,346
-247,113
-8% -$5.49M
HLT icon
8
Hilton Worldwide
HLT
$73.5B
$66.7M 8.43%
289,420
-169,001
-37% -$36.6M
INTU icon
9
Intuit
INTU
$100B
$66.4M 8.39%
106,952
-18,225
-15% -$11.6M
BLND icon
10
Blend Labs
BLND
$360M
$24.9M 3.14%
6,629,990
-86,154
-1% -$286K

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Dennis Hong's Q3 2024 Portfolio in Review

As of Q3 2024, Dennis Hong held 10 positions worth $792M, up 14% from $693M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Trading was light in Q3 2024: portfolio turnover was 0%. Dennis Hong opened no new positions and made no exits, leaving the 10-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 60% of assets, up from 51% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Dennis Hong added most to Procore in Q3 2024, an estimated $73.4M increase.
  • Dennis Hong's biggest Q3 2024 reduction was People Inc, cutting an estimated $38.9M.
  • Dennis Hong's ten largest holdings make up 100% of its $792M portfolio in Q3 2024.
  • Dennis Hong opened 0 new positions and closed 0 in Q3 2024.
  • Dennis Hong's portfolio value rose 14% quarter-over-quarter to $792M.

Based on ShawSpring Partners's 13F filing for Q3 2024, filed 13 Nov 2024.