Top 3 Stock Picks of Dennis Hong’s ShawSpring Partners

2. Sea Limited (NYSE:SE)

ShawSpring Partners’ Stake Value: $130,217,000

Percentage of ShawSpring Partners’ 13F Portfolio: 23.05%

Number of Hedge Fund Holders: 65

Singapore-based Sea Limited (NYSE:SE) is a leading consumer internet company in Southeast Asia and Taiwan. It operates three core businesses: Shopee – an ecommerce platform, Garena – a global games developer and publisher, and SeaMoney – a digital payments and financial services provider. Garena boasted 619.3 million quarterly active users while SeaMoney had 52.7 million quarterly active users in Q2 2022.

Dennis Hong’s ShawSpring Partners holds 1,947,612 shares of Sea Limited (NYSE:SE), making up for 23.05% of the hedge fund’s 13F portfolio. ShawSpring Partners’ stake increased by 3% in Q2 2022, compared to the previous quarter.

As of Q2 2022, 65 hedge funds out of the 895 hedge funds tracked by Insider Monkey were bullish on Sea Limited (NYSE:SE) and held shares valued at $2.7 billion. Tiger Global Management LLC holds the highest number of shares among hedge funds with ownership of 8,197,383 shares, valued at $548 million.