Managers / Q4 2023 · 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 $133M in U.S.-listed holdings across 20 positions for Q4 2023.
Its largest position, SE, represents 9.8% of the portfolio.
Compared with Q3 2023, the fund opened 15 new positions and exited 3.
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. 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 · 39.2% · $52M
- Common Stock · 32.8% · $44M
- ADR · 28.0% · $37M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| Alibaba Group Holding Ltd | NEW | +250.0K | 250.0K | +$19M | $19M |
| CLVTripcom Group Ltd | NEW | +336.8K | 336.8K | +$12M | $12M |
| Beyond Inc | NEW | +400.0K | 400.0K | +$11M | $11M |
| Sea Ltd | NEW | +250.0K | 250.0K | +$10M | $10M |
| MRVLMarvell Technology Inc | NEW | +157.8K | 157.8K | +$10M | $10M |
| OVERBeyond Inc | NEW | +248.8K | 248.8K | +$7M | $7M |
| MNSOMINISO Group Holding Ltd | NEW | +248.2K | 248.2K | +$5M | $5M |
| RBLXRoblox Corp | NEW | +104.6K | 104.6K | +$5M | $5M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SESea Ltdhistory → | Equity | 9.82% | $13M | 322.1K |
| 2 | CLVTripcom Group Ltdhistory → | Equity | 9.13% | $12M | 336.8K |
| 3 | MLB1MercadoLibre Inchistory → | Equity | 7.82% | $10M | 6.6K |
| 4 | MRVLMarvell Technology Inchistory → | Equity | 7.16% | $10M | 157.8K |
| 5 | OVERBeyond Inchistory → | Equity | 5.19% | $7M | 248.8K |
| 6 | Nu Holdings Ltd | Equity | 4.57% | $6M | 729.0K |
| 7 | XP Inc | Equity | 4.06% | $5M | 206.7K |
| 8 | MNSOMINISO Group Holding Ltdhistory → | Equity | 3.81% | $5M | 248.2K |
| 9 | RBLXRoblox Corphistory → | Equity | 3.60% | $5M | 104.6K |
| 10 | TSMTaiwan Semiconductor Manufacturinhistory → | Equity | 3.55% | $5M | 45.4K |
| 11 | WWayfair Inchistory → | Equity | 3.14% | $4M | 67.7K |
| 12 | AMDAdvanced Micro Devices Inchistory → | Equity | 3.07% | $4M | 27.7K |
| 13 | PYPLPayPal Holdings Inchistory → | Equity | 2.50% | $3M | 54.1K |
| 14 | HUYAHUYA Inc | Equity | 0.91% | $1M | 329.9K |
| 15 | GSXGBPGaotu Techedu Inc | Equity | 0.83% | $1M | 304.7K |
| 16 | AAOIApplied Optoelectronics Inc | Equity | 0.26% | $344,456 | 17.8K |
| 17 | KVYOKlaviyo Inc | Equity | 0.04% | $55,560 | 2.0K |
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 ↗.