Managers / Q1 2020 · view latest →
Hidden Lake Asset Management LP
CIK 0001750312 · 152 W 57TH STREET, SUITE 920, NEW YORK, NY, 10019 · 212-237-1290
Summary
Hidden Lake Asset Management LP reported $63M in U.S.-listed holdings across 11 positions for Q1 2020.
Its largest position, BIDUN, represents 17.5% of the portfolio.
Compared with Q4 2019, the fund opened 7 new positions and exited 8.
Portfolio Metrics
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
Portfolio Composition
- ADR · 56.0% · $35M
- Common Stock · 44.0% · $27M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BIDUNBaidu Inc | NEW | +108.5K | 108.5K | +$11M | $11M |
| PYPLPayPal Holdings Inc | NEW | +91.3K | 91.3K | +$9M | $9M |
| Tencent Music Entertainment Group | NEW | +775.5K | 775.5K | +$8M | $8M |
| NETCloudflare Inc | NEW | +254.9K | 254.9K | +$6M | $6M |
| HUYAHUYA Inc | NEW | +285.1K | 285.1K | +$5M | $5M |
| QFIN360 Finance Inc | NEW | +141.0K | 141.0K | +$1M | $1M |
| LXLexinfintech Holdings Ltd | NEW | +83.9K | 83.9K | +$744,000 | $744,000 |
| UBERUber Technologies Inc | ADDED | +192.9K | 342.9K | +$5M | $10M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BIDUNBaidu Inchistory → | Equity | 17.48% | $11M | 108.5K |
| 2 | UBERUber Technologies Inchistory → | Equity | 15.31% | $10M | 342.9K |
| 3 | PYPLPayPal Holdings Inchistory → | Equity | 13.97% | $9M | 91.3K |
| 4 | Tencent Music Entertainment Group | Equity | 12.47% | $8M | 775.5K |
| 5 | JDJDcom Inchistory → | Equity | 12.29% | $8M | 189.9K |
| 6 | NETCloudflare Inchistory → | Equity | 9.57% | $6M | 254.9K |
| 7 | HUYAHUYA Inchistory → | Equity | 7.72% | $5M | 285.1K |
| 8 | TWTRUSDTwitter Inchistory → | Equity | 5.12% | $3M | 130.3K |
| 9 | ZTOZTO Express Cayman Inchistory → | Equity | 3.07% | $2M | 72.6K |
| 10 | QFIN360 Finance Inchistory → | Equity | 1.80% | $1M | 141.0K |
| 11 | LXLexinfintech Holdings Ltdhistory → | Equity | 1.19% | $744,000 | 83.9K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $331M | 28 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $395M | 33 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $782M | 42 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $367M | 37 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $155M | 28 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $222M | 33 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $182M | 28 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $129M | 28 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $165M | 23 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $133M | 20 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $84M | 8 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $69M | 9 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $143M | 16 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $234M | 23 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $207M | 24 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $561M | 28 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $293M | 21 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $195M | 15 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $379M | 19 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $311M | 25 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $256M | 19 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $255M | 19 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $156M | 20 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $187M | 22 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $63M | 11 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $63M | 13 | Feb 18, 2020 | RESTATEMENT | changes · 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 ↗.