SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Hidden Lake Asset Management LP

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

Reported Value
$311M
Q2 2021
Positions
25
Filings on Record
28
2019–present window
Filed
Aug 16, 2021
original filing

Summary

Hidden Lake Asset Management LP reported $311M in U.S.-listed holdings across 25 positions for Q2 2021.

Its largest position, PDD, represents 8.3% of the portfolio.

Compared with Q1 2021, the fund opened 13 new positions and exited 8.

Portfolio Metrics

Turnover
+45.2%
vs prior filed quarter
Top-10 Concentration
+59.6%
share of reported value
Largest Position
+8.3%
Pinduoduo
New / Exited
13 / 8
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: 49.3%ADR: 29.5%Other: 11.7%ETP: 5.1%US DOMESTIC: 4.4%
  • Common Stock · 49.3% · $153M
  • ADR · 29.5% · $92M
  • Other · 11.7% · $36M
  • ETP · 5.1% · $16M
  • US DOMESTIC · 4.4% · $14M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CARGCarGurus IncNEW+671.1K671.1K+$18M$18M
LYFTLyft IncNEW+289.6K289.6K+$18M$18M
REALRealReal IncNEW+882.8K882.8K+$17M$17M
DASHDoorDash IncNEW+95.4K95.4K+$17M$17M
APIAgora IncNEW+388.0K388.0K+$16M$16M
KraneShares CSI China Internet ETNEW+225.0K225.0K+$16M$16M
Wix.Com LtdNEW+46.9K46.9K+$14M$14M
Lizhi IncNEW+922.7K922.7K+$7M$7M

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

Holdings — Q2 2021

21 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PDDPinduoduo Inchistory →Equity8.33%$26M203.7K
2AFRMAffirm Holdings Inchistory →Equity7.26%$23M334.9K
3Yatsen Holding LtdEquity6.54%$20M2.17M
4CARGCarGurus Inchistory →Equity5.67%$18M671.1K
5LYFTLyft Inchistory →Equity5.64%$18M289.6K
6REALRealReal Inchistory →Equity5.62%$17M882.8K
7DASHDoorDash Inchistory →Equity5.47%$17M95.4K
8ROKURoku Inchistory →Equity5.40%$17M36.5K
9APIAgora Inchistory →Equity5.24%$16M388.0K
10SESea Ltdhistory →Equity4.48%$14M50.6K
11Wix.Com LtdEquity4.38%$14M46.9K
12ZZillow Group Inchistory →Equity4.21%$13M107.1K
13HUBSHubSpot Inchistory →Equity4.03%$13M21.5K
14RLXRLX Technology Inchistory →Equity2.30%$7M817.6K
15Lizhi IncEquity2.18%$7M922.7K
16ContextLogic IncEquity1.91%$6M451.1K
17TIGRUP Fintech Holding Ltdhistory →Equity1.86%$6M199.2K
18NTDOYNintendo Co Ltdhistory →Equity1.84%$6M78.7K
19JMIAJumia Technologies AGhistory →Equity1.34%$4M137.0K
20MTCHMatch Group Inchistory →Equity1.17%$4M22.5K
21Z Holdings CorpEquity0.88%$3M275.1K

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 ↗.