Hidden Lake Asset Management L.P. 13F annual report
Hidden Lake Asset Management L.P. is an investment fund managing more than $117 billion ran by Keith Brenner. There are currently 26 companies in Mr. Brenner’s portfolio. The largest investments include Sea Ltd and JD.com Inc, together worth $25.2 billion.
$117 billion Assets Under Management (AUM)
As of 7th August 2024, Hidden Lake Asset Management L.P.’s top holding is 216,073 shares of Sea Ltd currently worth over $15.4 billion and making up 13.2% of the portfolio value.
Relative to the number of outstanding shares of Sea Ltd, Hidden Lake Asset Management L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 378,340 shares of JD.com Inc worth $9.78 billion, whose value grew 12.9% in the past six months.
The third-largest holding is PayPal Inc worth $8.56 billion and the next is Jumia Technologies Ag worth $7.97 billion, with 1,135,735 shares owned.
Currently, Hidden Lake Asset Management L.P.'s portfolio is worth at least $117 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Hidden Lake Asset Management L.P.
The Hidden Lake Asset Management L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Keith Brenner serves as the CFO, COO, and CCO at Hidden Lake Asset Management L.P..
Recent trades
In the most recent 13F filing, Hidden Lake Asset Management L.P. revealed that it had opened a new position in
Jumia Technologies Ag and bought 1,135,735 shares worth $7.97 billion.
This means they effectively own approximately 0.1% of the company.
Jumia Technologies Ag makes up
19.4%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 32.3% in the past year.
The investment fund also strengthened its position in JD.com Inc by buying
68,410 additional shares.
This makes their stake in JD.com Inc total 378,340 shares worth $9.78 billion.
JD.com Inc dropped 28.9% in the past year.
On the other hand, there are companies that Hidden Lake Asset Management L.P. is getting rid of from its portfolio.
Hidden Lake Asset Management L.P. closed its position in Beyond Inc on 14th August 2024.
It sold the previously owned 359,890 shares for $12.9 billion.
Keith Brenner also disclosed a decreased stake in Sea Ltd by 0.2%.
This leaves the value of the investment at $15.4 billion and 216,073 shares.
One of the smallest hedge funds
The two most similar investment funds to Hidden Lake Asset Management L.P. are Syntax Research, Inc and Vesey Street Capital Partners, L.L.C. They manage $117 billion and $117 billion respectively.
Keith Brenner investment strategy
Hidden Lake Asset Management L.P.’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 35.0% of
the total portfolio value.
The fund focuses on investments in the United States as
69.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
50% of the total holdings value.
On the other hand, small-cap stocks make up only 7.7% of the portfolio.
The average market cap of the portfolio companies is close to $123 billion.
The complete list of Hidden Lake Asset Management L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Sea Ltd |
22.06%
216,073
|
$15,431,934,000 | 13.16% |
| Beyond Inc |
Closed
359,890
|
$12,923,650,000 | |
| JD.com Inc |
22.07%
378,340
|
$9,776,306,000 | 8.34% |
| PayPal Holdings Inc |
6.72%
147,550
|
$8,562,327,000 | 7.30% |
| Taiwan Semiconductor Mfg Ltd |
Closed
60,560
|
$8,239,188,000 | |
| Jumia Technologies Ag |
Opened
1,135,735
|
$7,972,860,000 | 6.80% |
| Las Vegas Sands Corp |
Closed
138,340
|
$7,152,178,000 | |
| Marvell Technology Inc |
17.23%
102,106
|
$7,137,209,000 | 6.09% |
| Apple Inc |
Opened
31,990
|
$6,737,734,000 | 5.74% |
| Amazon.com Inc. |
Opened
34,620
|
$6,690,315,000 | 5.70% |
| Roblox Corporation |
Opened
152,970
|
$5,692,014,000 | 4.85% |
| Wayfair Inc |
32.14%
107,630
|
$5,675,330,000 | 4.84% |
| DraftKings Inc. |
10.21%
142,720
|
$5,447,622,000 | 4.64% |
| Affirm Holdings, Inc. |
Opened
175,730
|
$5,308,803,000 | 4.53% |
| Coherent Corp |
14.56%
63,840
|
$4,625,846,000 | 3.94% |
| Trip.com Group Ltd |
Closed
102,531
|
$4,500,086,000 | |
| Alphabet Inc |
Closed
28,170
|
$4,289,164,000 | |
| Macom Technology Solutions Holdin |
Opened
36,560
|
$4,075,343,000 | 3.47% |
| MongoDB Inc |
Opened
15,360
|
$3,839,386,000 | 3.27% |
| GitLab Inc. |
97.48%
72,830
|
$3,621,108,000 | 3.09% |
| Elastic N.V |
Closed
31,670
|
$3,174,601,000 | |
| Parsons Corp |
Opened
32,290
|
$2,641,645,000 | 2.25% |
| Take-two Interactive Softwar |
Closed
14,900
|
$2,212,501,000 | |
| Teradyne, Inc. |
1.08%
14,413
|
$2,137,304,000 | 1.82% |
| Katapult Holdings Inc |
Opened
122,885
|
$2,065,697,000 | 1.76% |
| Broadcom Inc |
Opened
1,170
|
$1,878,470,000 | 1.60% |
| Chewy Inc |
Opened
66,380
|
$1,808,191,000 | 1.54% |
| Gds Holdings Ltd |
Opened
172,634
|
$1,603,770,000 | 1.37% |
| PDD Holdings Inc |
Opened
11,650
|
$1,548,868,000 | 1.32% |
| Rivian Automotive, Inc. |
Opened
64,630
|
$867,335,000 | 0.74% |
| Soundhound Ai Inc |
Opened
213,870
|
$844,787,000 | 0.72% |
| Arrivent Biopharma Inc |
Opened
37,121
|
$688,595,000 | 0.59% |
| Applied Optoelectronics Inc |
0.50%
72,530
|
$601,274,000 | 0.51% |
| Klaviyo Inc |
Closed
2,000
|
$50,960,000 | |
| No transactions found | |||
| Showing first 500 out of 34 holdings | |||
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