SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Hidden Lake Asset Management LP

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

Reported Value
$293M
Q1 2022
Positions
21
Filings on Record
28
2019–present window
Filed
May 13, 2022
original filing

Summary

Hidden Lake Asset Management LP reported $293M in U.S.-listed holdings across 21 positions for Q1 2022.

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

Compared with Q4 2021, the fund opened 11 new positions and exited 5.

Portfolio Metrics

Turnover
+31.1%
vs prior filed quarter
Top-10 Concentration
+58.3%
share of reported value
Largest Position
+8.3%
Hubspot
New / Exited
11 / 5
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: 54.0%Other: 30.7%ADR: 14.1%ETP: 1.2%
  • Common Stock · 54.0% · $158M
  • Other · 30.7% · $90M
  • ADR · 14.1% · $41M
  • ETP · 1.2% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Invesco QQQ Trust Series 1NEW+120.0K120.0K+$44M$44M
Uber Technologies IncNEW+625.0K625.0K+$22M$22M
UBERUber Technologies IncNEW+485.2K485.2K+$17M$17M
CarGurus IncNEW+200.0K200.0K+$8M$8M
BABAAlibaba Group Holding LtdNEW+72.9K72.9K+$8M$8M
ABNBAirbnb IncNEW+39.5K39.5K+$7M$7M
CUCAAvis Budget Group IncNEW+24.1K24.1K+$6M$6M
XYZBlock IncNEW+41.6K41.6K+$6M$6M

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

Holdings — Q1 2022

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HUBSHubSpot Inchistory →Equity8.28%$24M51.0K
2DKSDICK'S Sporting Goods Inchistory →Equity7.72%$23M225.7K
3MLB1Mercadolibre Inchistory →Equity6.93%$20M17.1K
4UBERUber Technologies Inchistory →Equity5.92%$17M485.2K
5ZTOZTO Express (Cayman) Inchistory →Equity5.68%$17M665.1K
6DOCNDigitalOcean Holdings Inchistory →Equity5.60%$16M283.3K
7CARGCarGurus Inchistory →Equity5.35%$16M368.8K
8Global-E Online LtdEquity5.28%$15M457.7K
9SESea Ltdhistory →Equity4.30%$13M105.1K
10AFRMAffirm Holdings Inchistory →Equity3.26%$10M206.1K
11CZRCaesars Entertainment Inchistory →Equity2.96%$9M112.0K
12BABAAlibaba Group Holding Ltdhistory →Equity2.71%$8M72.9K
13ABNBAirbnb Inchistory →Equity2.32%$7M39.5K
14CUCAAvis Budget Group Inchistory →Equity2.17%$6M24.1K
15XYZBlock Inchistory →Equity1.93%$6M41.6K
16NETCloudflare Inchistory →Equity1.57%$5M38.3K
17Kanzhun LtdEquity1.41%$4M165.7K
18KraneShares CSI China Internet ETEquity1.22%$4M125.1K

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 ↗.