SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Hidden Lake Asset Management LP

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

Reported Value
$255M
Q4 2020
Positions
19
Filings on Record
28
2019–present window
Filed
Feb 16, 2021
original filing

Summary

Hidden Lake Asset Management LP reported $255M in U.S.-listed holdings across 19 positions for Q4 2020.

Its largest position, CARG, represents 6.7% of the portfolio.

Compared with Q3 2020, the fund opened 12 new positions and exited 14.

Portfolio Metrics

Turnover
+44.8%
vs prior filed quarter
Top-10 Concentration
+50.8%
share of reported value
Largest Position
+6.7%
Cargurus
New / Exited
12 / 14
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: 37.4%ADR: 29.0%ETP: 22.1%Other: 11.5%
  • Common Stock · 37.4% · $95M
  • ADR · 29.0% · $74M
  • ETP · 22.1% · $56M
  • Other · 11.5% · $29M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NDQInvesco QQQ Trust Series 1NEW+180.0K180.0K+$56M$56M
CARGCarGurus IncNEW+536.2K536.2K+$17M$17M
New Oriental Education & TechnoloNEW+79.6K79.6K+$15M$15M
OUTFRONT Media IncNEW+744.2K744.2K+$15M$15M
ZZillow Group IncNEW+101.9K101.9K+$13M$13M
MNSOMINISO Group Holding LtdNEW+432.3K432.3K+$11M$11M
FTCHQFarfetch LtdNEW+169.7K169.7K+$11M$11M
CDLXEURCardlytics IncNEW+72.9K72.9K+$10M$10M

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

Holdings — Q4 2020

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CARGCarGurus Inchistory →Equity6.66%$17M536.2K
2New Oriental Education & TechnoloEquity5.79%$15M79.6K
3VNET21Vianet Group Inchistory →Equity5.73%$15M422.0K
4OUTFRONT Media IncEquity5.70%$15M744.2K
5ZZillow Group Inchistory →Equity5.18%$13M101.9K
6VIPSVipshop Holdings Ltdhistory →Equity5.02%$13M456.1K
7MNSOMINISO Group Holding Ltdhistory →Equity4.47%$11M432.3K
8FTCHQFarfetch Ltdhistory →Equity4.24%$11M169.7K
9CDLXEURCardlytics Inchistory →Equity4.08%$10M72.9K
10PINSPinterest Inchistory →Equity3.89%$10M150.7K
11BILIBilibili Inchistory →Equity3.36%$9M100.2K
12OPENOpendoor Technologies Inchistory →Equity3.21%$8M360.6K
13MTCHMatch Group Inchistory →Equity3.12%$8M52.6K
14PTONPeloton Interactive Inchistory →Equity3.00%$8M50.5K
15SPLKCHFSplunk Inchistory →Equity2.64%$7M39.6K
16TALTAL Education Grouphistory →Equity2.13%$5M76.0K
17NETCloudflare Inchistory →Equity1.39%$4M46.6K

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 ↗.