Top 3 Stock Picks of Dennis Hong’s ShawSpring Partners

In this article, we will be taking a look at the Top 3 Stock Picks of Dennis Hong’s ShawSpring Partners. To read our detailed analysis of Dennis Hong’s profile, investment strategy, and 13F holdings, you can go to the Top 6 Stock Picks of Dennis Hong’s ShawSpring Partners.

3. Coupang, Inc. (NYSE:CPNG)

ShawSpring Partners’ Stake Value: $85,949,000

Percentage of ShawSpring Partners’ 13F Portfolio: 15.21%

Number of Hedge Fund Holders: 37

Coupang, Inc. (NYSE:CPNG) is a leading ecommerce company based in Seoul, South Korea. It offers a variety of ecommerce related services including same-day and next-morning delivery of groceries and general merchandise, delivery of prepared foods through Coupang Eats, and video streaming through Coupang Play. Its shares started trading on the NYSE in March 2021.

Dennis Hong’s ShawSpring Partners holds 6,741,064 shares of Coupang, Inc. (NYSE:CPNG), making up for 15.21% of the hedge fund’s 13F portfolio. ShawSpring Partners added the stock to its portfolio in the previous quarter and reduced the stake by 5% in Q2 2020, compared to the previous quarter.

According to Insider Monkey data on nearly 900 hedge funds, 37 hedge funds held shares of Coupang, Inc. (NYSE:CPNG), valued at $2.9 billion, as of Q2 2022. The largest shareholder was Maverick Capital holding 84,520,968 shares valued at $1.1 billion.