Hidden Lake Asset Management LP In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Hidden Lake Asset Management LP reported 18 stock positions worth $106.0 million . Its top holding was Sea Ltd.-ADR (SE) at 14.0% of the portfolio, followed by Neighborhood Intelligence (NXH, 12.2% ) and PayPal (PYPL, 8.7% ). Compared with Q4 2023, it opened 9 new positions, sold out of 8, added to 5 and reduced 3. The biggest buy was a new position in Jd.com Inc.-ADR (JD) and the biggest sale an exit from MercadoLibre (MELI).
Location NEW YORK, NY
CIK 0001750312
Portfolio Value $106.0M (Q1 2024) Holdings 18 stocks · $106.0M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 SE Sea Ltd.-ADR 277,220 $14.9M Reduce -13.9% NXH Neighborhood Intelligence Inc. filed as BEYOND INC 359,890 $12.9M Add +44.6% PYPL PayPal Holdings Inc. 138,260 $9.3M Add +155.5% MRVL Marvell Technology Inc. 123,356 $8.7M Reduce -21.8% JD Jd.com Inc.-ADR 309,930 $8.5M New TSM Taiwan Semiconductor-SP ADR 60,560 $8.2M Add +33.5% DKNG Draftkings Inc. Class A 158,940 $7.2M New LVS Las Vegas Sands Corp. 138,340 $7.2M New W Wayfair Inc. Class A 81,450 $5.5M Add +20.4% COHR Coherent Corp. 74,720 $4.5M New TCOM Trip.com Group Ltd.-ADR 102,531 $4.5M Reduce -69.6% GOOG Alphabet Inc. Class C 28,170 $4.3M New ESTC Elastic NV 31,670 $3.2M New TTWO Take-Two Interactive Softwre 14,900 $2.2M New GTLB Gitlab Inc. Class A 36,880 $2.2M New TER Teradyne Inc. 14,570 $1.6M New AAOI Applied Optoelectronics Inc. 72,897 $1.0M Add +308.9% KVYO Klaviyo Inc. Class A 2,000 $51K No change
Options reported separately and not counted above: JD calls ($32.9M), KWEB calls ($7.9M), LVS calls ($7.8M), SMCI puts ($7.1M), SE calls ($3.5M).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ MELI MercadoLibre Inc. Sold out 0.00% −11.26 TCOM Trip.com Group Ltd.-ADR Reduce -69.6% 4.25% −8.90 NU Nu Holdings Ltd./Cayman Isl-A Sold out 0.00% −6.58 XP XP Inc. Class A Sold out 0.00% −5.84 MNSO Miniso Group Holding Ltd.-ADR Sold out 0.00% −5.49 RBLX Roblox Corp. Class A Sold out 0.00% −5.18 AMD Advanced Micro Devices Sold out 0.00% −4.42 MRVL Marvell Technology Inc. Reduce -21.8% 8.25% −2.07 HUYA Huya Inc.-ADR Sold out 0.00% −1.31 GOTU Gaotu Techedu Inc. Sold out 0.00% −1.20 SE Sea Ltd.-ADR Reduce -13.9% 14.05% −0.09
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ JD Jd.com Inc.-ADR New 8.01% +8.01 DKNG Draftkings Inc. Class A New 6.81% +6.81 LVS Las Vegas Sands Corp. New 6.75% +6.75 PYPL PayPal Holdings Inc. Add +155.5% 8.74% +5.14 NXH Neighborhood Intelligence Inc. Add +44.6% 12.19% +4.72 COHR Coherent Corp. New 4.27% +4.27 GOOG Alphabet Inc. Class C New 4.05% +4.05 ESTC Elastic NV New 2.99% +2.99 TSM Taiwan Semiconductor-SP ADR Add +33.5% 7.77% +2.66 TTWO Take-Two Interactive Softwre New 2.09% +2.09 GTLB Gitlab Inc. Class A New 2.03% +2.03 TER Teradyne Inc. New 1.55% +1.55 W Wayfair Inc. Class A Add +20.4% 5.22% +0.69 AAOI Applied Optoelectronics Inc. Add +308.9% 0.95% +0.58
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ JD Jd.com Inc.-ADR call New 1,200,000 $32.9M ALIBABA GROUP HLDG LTD call Sold out 250,000 $19.4Mbefore exit BEYOND INC call Sold out 400,000 $11.1Mbefore exit SEA LTD call Sold out 250,000 $10.1Mbefore exit KWEB Kranesh Csi China Internet call New 300,000 $7.9M LVS Las Vegas Sands Corp. call New 150,000 $7.8M SMCI Super Micro Computer Inc. put New 7,000 $7.1M SE Sea Ltd.-ADR call New 65,000 $3.5M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 15 $146.7M AMD, STX, AMAT, SNOW, STM Q1 2026 20 $150.9M W, U, EQIX, AMD, VNET Q4 2025 30 $183.5M AMZN, SE, NVDA, UPST, GRAB Q3 2025 37 $250.3M PDD, CRWV, RBLX, WIX, AAPL Q2 2025 28 $203.5M RDDT, AFRM, SE, CFLT, RBLX Q1 2025 25 $101.4M SE, SNOW, U, RBLX, CFLT Q4 2024 28 $146.5M SE, UPST, CRM, WULF, HOOD Q3 2024 24 $112.6M SE, AFRM, WULF, LVS, TSM Q2 2024 26 $117.3M SE, JD, PYPL, JMIA, MRVL Q1 2024 18 $106.0M SE, NXH, PYPL, MRVL, JD