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HLAM
Hidden Lake Asset Management Portfolio holdings
AUM
$331M
1-Year Est. Return
122.92%
This Quarter
Est. Return
+39.34%
1 Year Est. Return
+122.92%
3 Year Est. Return
+341.76%
5 Year Est. Return
+290.9%
10 Year Est. Return
–
AUM
$782M
AUM Growth
+$415M
(+113%)
Cap. Flow
+$352M
Cap. Flow
% of AUM
44.98%
Top 10 Holdings %
Top 10 Hldgs %
78.74%
Holding
70
New
33
Increased
2
Reduced
7
Closed
28
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinduoduo
PDD
|
+$14.3M |
| 2 |
CRWV
CoreWeave
CRWV
|
+$12.8M |
| 3 |
WIX.com
WIX
|
+$11.6M |
| 4 |
Spotify
SPOT
|
+$11.4M |
| 5 |
Apple
AAPL
|
+$11.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Reddit
RDDT
|
+$17.5M |
| 2 |
CFLT
Confluent
CFLT
|
+$14.2M |
| 3 |
Upstart Holdings
UPST
|
+$12.1M |
| 4 |
Micron Technology
MU
|
+$11.1M |
| 5 |
Affirm
AFRM
|
+$10.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 10.75% |
| 2 | Consumer Discretionary | 8.93% |
| 3 | Communication Services | 6.56% |
| 4 | Financials | 3.29% |
| 5 | Industrials | 1.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
First Solar
FSLR
$25.3B
| – | – |
-48,905
| Closed | -$8.1M |
|
52
CALL
Robinhood
HOOD
$84B
| – | – |
-105,000
| Closed | -$9.83M |
|
|
53
Robinhood
HOOD
$84B
| – | – |
-36,749
| Closed | -$3.44M |
|
54
PUT
iShares Russell 2000 ETF
IWM
$81.6B
| – | – |
-330,000
| Closed | -$71.2M |
|
55
CALL
Lemonade
LMND
$4.07B
| – | – |
-115,000
| Closed | -$5.04M |
|
56
Microsoft
MSFT
$3.78T
| – | – |
-12,020
| Closed | -$5.98M |
|
|
57
Micron Technology
MU
$984B
| – | – |
-90,175
| Closed | -$11.1M |
|
58
NVIDIA
NVDA
$5.33T
| – | – |
-9,830
| Closed | -$1.55M |
|
59
CALL
Riot Platforms
RIOT
$7.45B
| – | – |
-460,000
| Closed | -$5.2M |
|
|
60
Riot Platforms
RIOT
$7.45B
| – | – |
-512,210
| Closed | -$5.79M |
|
61
CALL
Rocket Lab Corp
RKLB
$51.9B
| – | – |
-150,000
| Closed | -$5.37M |
|
|
62
Rocket Lab Corp
RKLB
$51.9B
| – | – |
-47,788
| Closed | -$1.71M |
|
63
Snowflake
SNOW
$115B
| – | – |
-33,080
| Closed | -$7.4M |
|
64
Trupanion
TRUP
$1.26B
| – | – |
-26,126
| Closed | -$1.45M |
|
65
TSMC
TSM
$2.19T
| – | – |
-9,965
| Closed | -$2.26M |
|
|
66
Upstart Holdings
UPST
$2.99B
| – | – |
-187,345
| Closed | -$12.1M |
|
67
Wayfair
W
$14.6B
| – | – |
-74,474
| Closed | -$3.81M |
|
|
68
CALL
Reddit
RDDT
$30.6B
| – | – |
-70,000
| Closed | -$10.5M |
|
|
69
Reddit
RDDT
$30.6B
| – | – |
-116,050
| Closed | -$17.5M |
|
|
IMSR
70
Terrestrial Energy
IMSR
$595M
| – | – |
-99,370
| Closed | -$1.1M |
|
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Hidden Lake Asset Management's Q3 2025 Portfolio in Review
As of Q3 2025, Hidden Lake Asset Management held 70 positions worth $782M, up 113% from $367M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Hidden Lake Asset Management deployed $352M of net new capital in Q3 2025, opening 33 new positions and adding to 2 existing holdings. Its largest new stake was Pinduoduo: 120,847 shares worth $16M.
By sector, the portfolio is most concentrated in Technology at 11% of assets, down from 20% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Affirm, an estimated $10.3M trimmed.
- Hidden Lake Asset Management's largest Q3 2025 buy was Pinduoduo: 120,847 shares worth $16M.
- Hidden Lake Asset Management added most to GDS Holdings in Q3 2025, an estimated $1.02M increase.
- Hidden Lake Asset Management's biggest Q3 2025 reduction was Affirm, cutting an estimated $10.3M.
- Hidden Lake Asset Management fully exited Reddit in Q3 2025, selling an estimated $17.5M.
- Hidden Lake Asset Management's ten largest holdings make up 79% of its $782M portfolio in Q3 2025.
- Hidden Lake Asset Management opened 33 new positions and closed 28 in Q3 2025.
- Hidden Lake Asset Management's portfolio value rose 113% quarter-over-quarter to $782M.
Based on Hidden Lake Asset Management's 13F filing for Q3 2025, filed 14 Nov 2025.