SEC 13F Intelligence

Managers / Q1 2026

Hidden Lake Asset Management LP

CIK 0001750312 · 152 W 57TH STREET, SUITE 920, NEW YORK, NY, 10019 · 212-237-1290

Reported Value
$331M
Q1 2026
Positions
28
Filings on Record
28
2019–present window
Filed
May 14, 2026
original filing

Summary

Hidden Lake Asset Management LP reported $331M in U.S.-listed holdings across 28 positions for Q1 2026.

Its largest position, W, represents 5.0% of the portfolio.

Compared with Q4 2025, the fund opened 17 new positions and exited 22.

Portfolio Metrics

Turnover
+81.9%
vs prior filed quarter
Top-10 Concentration
+32.2%
share of reported value
Largest Position
+5.0%
Wayfair
New / Exited
17 / 22
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’19: $63MQ4 ’19Q1 ’20: $63MQ2 ’20: $187MQ3 ’20: $156MQ4 ’20: $255MQ4 ’20Q1 ’21: $256MQ2 ’21: $311MQ3 ’21: $379MQ4 ’21: $195MQ4 ’21Q1 ’22: $293MQ2 ’22: $561MQ3 ’22: $207MQ4 ’22: $234MQ4 ’22Q1 ’23: $143MQ2 ’23: $69MQ3 ’23: $84MQ4 ’23: $133MQ4 ’23Q1 ’24: $165MQ2 ’24: $129MQ3 ’24: $182MQ4 ’24: $222MQ4 ’24Q1 ’25: $155MQ2 ’25: $367MQ3 ’25: $782MQ4 ’25: $395MQ4 ’25Q1 ’26: $331Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 53.7%ETP: 28.0%ADR: 9.5%REIT: 4.3%Other: 2.6%Other: 2.0%
  • Common Stock · 53.7% · $178M
  • ETP · 28.0% · $93M
  • ADR · 9.5% · $31M
  • REIT · 4.3% · $14M
  • Other · 2.6% · $9M
  • Other · 2.0% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+255.0K255.0K+$63M$63M
MSFTMICROSOFT CORPNEW+120.0K120.0K+$44M$44M
ZMZOOM COMMUNICATIONS INCNEW+377.4K377.4K+$30M$30M
ISHARES TRNEW+250.0K250.0K+$22M$22M
ADIANALOG DEVICES INCNEW+47.5K47.5K+$15M$15M
EQIXEQUINIX INCNEW+14.4K14.4K+$14M$14M
AMDADVANCED MICRO DEVICES INCNEW+57.0K57.0K+$12M$12M
AKAMAKAMAI TECHNOLOGIES INCNEW+73.7K73.7K+$8M$8M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WWAYFAIR INChistory →CL A5.01%$17M220.5K
2UUNITY SOFTWARE INChistory →COM4.39%$15M661.4K
3EQIXEQUINIX INChistory →COM4.27%$14M14.4K
4AMDADVANCED MICRO DEVICES INChistory →COM3.51%$12M57.0K
5VNETVNET GROUP INChistory →SPONSORED ADS A3.36%$11M1.32M
6AKAMAKAMAI TECHNOLOGIES INChistory →COM2.56%$8M73.7K
7ZMZOOM COMMUNICATIONS INChistory →CL A2.37%$8M97.4K
8TERTERADYNE INChistory →COM2.33%$8M26.0K
9SESEA LTDhistory →SPONSORD ADS2.31%$8M92.3K
10TOWER SEMICONDUCTOR LTDSHS NEW2.15%$7M40.5K
11ARMARM HOLDINGS PLChistory →SPONSORED ADS2.07%$7M45.4K
12STMSTMICROELECTRONICS N Vhistory →NY REGISTRY2.00%$7M191.8K
13NETCLOUDFLARE INChistory →CL A COM2.00%$7M32.1K
14GDSGDS HLDGS LTDhistory →SPONSORED ADS1.73%$6M142.1K
15WULFTERAWULF INChistory →COM1.43%$5M327.8K
16AMATAPPLIED MATLS INChistory →COM1.23%$4M11.9K
17BEBLOOM ENERGY CORPhistory →COM CL A1.12%$4M27.3K
18FIGRFIGURE TECHNOLOGY SOLUTIOCOM CL A0.79%$3M77.4K
19VECOVEECO INSTRS INC DELCOM0.51%$2M50.3K
20GRAB HOLDINGS LIMITEDCLASS A ORD0.46%$2M416.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$331M28May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$395M33Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$782M42Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$367M37Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$155M28May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$222M33Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$182M28Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$129M28Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$165M23May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$133M20Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$84M8Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$69M9Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$143M16May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$234M23Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$207M24Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$561M28Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$293M21May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$195M15Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$379M19Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$311M25Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$256M19May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$255M19Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$156M20Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$187M22Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$63M11May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$63M13Feb 18, 2020RESTATEMENTchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.