Dennis Hong

Net selling

ShawSpring Partners LLC — managed by Dennis Hong; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-03-31 (filed 2026-05-14) · Source: SEC EDGAR

Portfolio value$267.6M（−50%）

Holdings12（+1）

Reporting quarterQ1 2026

Top holdingOkta Inc

Portfolio overview

ShawSpring Partners LLC's most recent 13F filing, for the quarter ended 2026-03-31, reports 12 positions worth $267.6M. The top 5 holdings represent 65% of that value, a concentrated portfolio.

The single largest position is Okta Inc at 16.6% of the portfolio, followed by Amazon Com Inc at 14.5% and Alibaba Group Hldg Ltd at 13.6%.

Against the prior quarter, Dennis Hong opened 4 new positions, exited 3, added to 1, and trimmed 7. The largest new buy was Zscaler Inc. The most notable sale was the full exit from Blend Labs Inc.

Across all 8 quarters on file, Intuit has appeared in every filing, as has Procore Technologies Inc. Intuit currently ranks sixth by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

High-conviction

Amazon Com IncAMZNBig new buy

Big add last quarter — 14.5% of the book.

Zscaler IncZSBig new buy

Big new buy last quarter — 10.5% of the book.

Coupang IncCPNGBig new buy

Big new buy last quarter — 6.4% of the book.

Strike-zone picks

None of Dennis Hong's tracked holdings are in the strike zone right now.

Valuation as of 2026-07-02; method: conservative Greenwald value band + Owner-Earnings DCF. Position observation, not advice.

Next · is it cheap

Dennis Hong has no positions in the strike zone right now.

Browse the whole market by value band

Holdings

Security	Value	Valuation	Holders	Shares	Weight (prev→now)
Okta IncOKTA	$44.5M	—	2	565,036	14.4% → 16.6% ▼
Amazon Com IncAMZN	$38.8M	Above value	31	186,499	5.1% → 14.5% ▲
Alibaba Group Hldg LtdBABA	$36.4M	—	9	290,261	10.4% → 13.6% ▼
Zscaler IncZS	$28.1M	—	2	200,416	New · 10.5%
Braze IncBRZE	$26.3M	—	1	1,112,099	9.5% → 9.8% ▼
IntuitINTU	$17.7M	Above value	9	40,939	6.3% → 6.6% ▼
Liberty Media CorpFWONK	$17.3M	—	4	202,928	6.9% → 6.4% ▼
Coupang IncCPNG	$17.1M	—	9	906,291	New · 6.4%
Costar Group IncCSGP	$13.7M	—	5	339,081	12.1% → 5.1% ▼
Procore Technologies IncPCOR	$12.4M	—	2	216,756	9.3% → 4.6% ▼
Gds Hldgs LtdGDS	$8.9M	—	2	221,782	New · 3.3%
Constellation Energy CorpCEG	$6.5M	Above value	2	23,167	New · 2.4%

Okta IncOKTA
Value$44.5MValuation—Holders2Weight (prev→now)14.4% → 16.6% ▼
Amazon Com IncAMZN
Value$38.8MValuationAbove valueHolders31Weight (prev→now)5.1% → 14.5% ▲
Alibaba Group Hldg LtdBABA
Value$36.4MValuation—Holders9Weight (prev→now)10.4% → 13.6% ▼
Zscaler IncZS
Value$28.1MValuation—Holders2Weight (prev→now)New · 10.5%
Braze IncBRZE
Value$26.3MValuation—Holders1Weight (prev→now)9.5% → 9.8% ▼
IntuitINTU
Value$17.7MValuationAbove valueHolders9Weight (prev→now)6.3% → 6.6% ▼
Liberty Media CorpFWONK
Value$17.3MValuation—Holders4Weight (prev→now)6.9% → 6.4% ▼
Coupang IncCPNG
Value$17.1MValuation—Holders9Weight (prev→now)New · 6.4%
Costar Group IncCSGP
Value$13.7MValuation—Holders5Weight (prev→now)12.1% → 5.1% ▼
Procore Technologies IncPCOR
Value$12.4MValuation—Holders2Weight (prev→now)9.3% → 4.6% ▼
Gds Hldgs LtdGDS
Value$8.9MValuation—Holders2Weight (prev→now)New · 3.3%
Constellation Energy CorpCEG
Value$6.5MValuationAbove valueHolders2Weight (prev→now)New · 2.4%

Exited this quarter (3)Shift4 Pmts Inc、Monday Com Ltd、Blend Labs Inc

Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-14

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