Managers / Q3 2022 · 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 $207M in U.S.-listed holdings across 24 positions for Q3 2022.
Its largest position, LVS, represents 5.1% of the portfolio.
Compared with Q2 2022, the fund opened 17 new positions and exited 21.
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
- Other · 58.4% · $121M
- Common Stock · 24.2% · $50M
- ADR · 17.4% · $36M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPDR S&P 500 ETF TR | NEW | +115.0K | 115.0K | +$41M | $41M |
| TRIP COM GROUP LTD | NEW | +500.0K | 500.0K | +$14M | $14M |
| UNITED STS OIL FD LP | NEW | +165.0K | 165.0K | +$11M | $11M |
| LVSLAS VEGAS SANDS CORP | NEW | +280.1K | 280.1K | +$11M | $11M |
| PDDPINDUODUO INC | NEW | +153.9K | 153.9K | +$10M | $10M |
| NFLXNETFLIX INC | NEW | +35.5K | 35.5K | +$8M | $8M |
| CLVTRIP COM GROUP LTD | NEW | +290.1K | 290.1K | +$8M | $8M |
| PYPLPAYPAL HLDGS INC | NEW | +80.0K | 80.0K | +$7M | $7M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | LVSLAS VEGAS SANDS CORPhistory → | COM | 5.08% | $11M | 280.1K |
| 2 | PDDPINDUODUO INChistory → | SPONSORED ADS | 4.66% | $10M | 153.9K |
| 3 | NFLXNETFLIX INChistory → | COM | 4.04% | $8M | 35.5K |
| 4 | CLVTRIP COM GROUP LTDhistory → | ADS | 3.83% | $8M | 290.1K |
| 5 | SESEA LTDhistory → | SPONSORD ADS | 3.83% | $8M | 141.3K |
| 6 | PYPLPAYPAL HLDGS INChistory → | COM | 3.33% | $7M | 80.0K |
| 7 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 3.01% | $6M | 77.8K |
| 8 | PINSPINTEREST INChistory → | CL A | 2.96% | $6M | 262.4K |
| 9 | ANGI1EURANGI INChistory → | COM CL A NEW | 2.93% | $6M | 2.05M |
| 10 | CHINDATA GROUP HLDGS LTD | ADS | 2.16% | $4M | 552.7K |
| 11 | APIAGORA INChistory → | ADS | 2.05% | $4M | 1.17M |
| 12 | TWLOTWILIO INChistory → | CL A | 1.76% | $4M | 52.7K |
| 13 | ETSYETSY INChistory → | COM | 1.75% | $4M | 36.2K |
| 14 | MLB1MERCADOLIBRE INChistory → | COM | 1.71% | $4M | 4.3K |
| 15 | ELASTIC N V | ORD SHS | 1.18% | $2M | 34.0K |
| 16 | AFRMAFFIRM HLDGS INC | COM CL A | 0.67% | $1M | 73.6K |
| 17 | GEOVAX LABS INC | COM | 0.18% | $366,000 | 335.9K |
| 18 | WEARABLE DEVICES LTD | ORDINARY SHS | 0.16% | $325,000 | 369.0K |
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 ↗.