SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Hidden Lake Asset Management LP

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

Reported Value
$69M
Q2 2023
Positions
9
Filings on Record
28
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Hidden Lake Asset Management LP reported $69M in U.S.-listed holdings across 9 positions for Q2 2023.

Its largest position, Nu, represents 18.9% of the portfolio.

Compared with Q1 2023, the fund opened 1 new position and exited 7.

Portfolio Metrics

Turnover
+18.9%
vs prior filed quarter
Largest Position
+18.9%
Nu
New / Exited
1 / 7
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
ADR: 44.9%Common Stock: 36.2%Other: 18.9%
  • ADR · 44.9% · $31M
  • Common Stock · 36.2% · $25M
  • Other · 18.9% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PINSPINTEREST INCNEW+415.6K415.6K+$11M$11M
SESEA LTDADDED+116.4K209.2K+$4M$12M
USOUNITED STS OIL FD LPSOLD OUT−310.0K0−$21M$0
FUTUFUTU HLDGS LTDSOLD OUT−165.8K0−$9M$0
SIXEURSIX FLAGS ENTMT CORP NEWSOLD OUT−290.3K0−$8M$0
OLEDUNIVERSAL DISPLAY CORPSOLD OUT−43.9K0−$7M$0
BABAALIBABA GROUP HLDG LTDSOLD OUT−59.7K0−$6M$0
SSTKSHUTTERSTOCK INCSOLD OUT−82.7K0−$6M$0

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

Holdings — Q2 2023

9 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Nu Holdings LtdORD SHS CL A18.90%$13M1.65M
2SESEA LTDhistory →SPONSORED ADS17.64%$12M209.2K
3PINSPINTEREST INChistory →CL A16.51%$11M415.6K
4MLB1MERCADOLIBRE INChistory →COM11.49%$8M6.7K
5ACVAACV Auctions Inchistory →COM CL A8.24%$6M328.6K
6KANZHUN LIMITEDSPONSORED ADS7.45%$5M340.6K
7GSXGBPGAOTU TECHEDU INChistory →SPONSORED ADS7.01%$5M1.67M
8PDDPDD HOLDINGS INChistory →SPONSORED ADS6.75%$5M67.2K
9YMMFULL TRUCK ALLIANCE CO LTDhistory →SPONSORED ADS6.02%$4M665.9K

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 ↗.