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.
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.
1. IAC Inc. (NASDAQ:IAC)
ShawSpring Partners’ Stake Value: $233,124,000
Percentage of ShawSpring Partners’ 13F Portfolio: 41.27%
Number of Hedge Fund Holders: 39
IAC Inc. (NASDAQ:IAC) is a technology conglomerate comprising of multiple category leading businesses. IAC Inc. (NASDAQ:IAC) has a history of building and growing businesses organically as well as through mergers and acquisitions and spinning them off as standalone public companies. Notable public companies created by IAC Inc. (NASDAQ:IAC) include Expedia Group, Inc (NASDAQ:EXPE), TripAdvisor Inc (NASDAQ:TRIP), and Match Group Inc (NASDAQ:MTCH), among others.
ShawSpring Partners holds 3,068,629 shares of IAC Inc. (NASDAQ:IAC), accounting for 41.27% of the hedge fund’s 13F portfolio.
As of Q2 2022, out of the 895 hedge funds tracked by Insider Monkey, 39 held a stake in IAC Inc. (NASDAQ:IAC), with the total shares held by these hedge funds valued at $1.5 billion. ShawSpring Partners is the largest hedge fund shareholder.
You can also read Jim Cramer is Talking About These 10 Stocks in September and 10 Best Data Center Stocks To Invest In.
