Hidden Lake Asset Management LP

CIK

1750312

Location

NEW YORK, NY

Portfolio Value

Small $238,295,347

Diversification

Diversified

Filing Date

Global Rank

#3,855 / 8,622 ▼ 822 · as of Mar 2026

Top Industry

Software - Infrastructure 25.0%

3Y Alpha vs SPY

+16.2%

Period ended 4 months ago

Filed May 14, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of Hidden Lake Asset Management LP's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 73% that is ordinary stock — as little as 31% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+122.6%

SPY

+67.9%

Annualised alpha

+11.7%

Max drawdown

−34.9%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 73% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

23 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

18.6%

−33.1 pts

Top 5

51.1%

−19.2 pts

Top 10

73.4%

−7.4 pts

HHI

807

Diversified−2,005

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	77.4%	$184,344,037	16
Consumer Cyclical	10.2%	$24,222,447	2
Real Estate	5.9%	$14,143,882	1
Financial Services	5.0%	$11,881,091	3
Industrials	1.6%	$3,703,890	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
VNET	VNET Group, Inc.	+775,525	1,324,730	$11,114,484
U	Unity Software Inc.	+592,916	699,862	$15,354,972
W	Wayfair Inc.	+207,070	220,489	$16,582,977
GDS	GDS Holdings Ltd	+54,272	142,149	$5,727,183
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
GRAB	Grab Holdings Ltd	−1,879,848	416,206	$1,523,313
WULF	Terawulf Inc.	−266,718	327,758	$4,729,547
FIGR	Figure Technology Solutions, Inc.	−110,614	77,424	$2,628,544
SE	Sea Ltd	−45,663	92,253	$7,639,470
BE	Bloom Energy Corp	−10,754	27,337	$3,703,890
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
MSFT	Microsoft Corp	120,000	$44,420,400
ZM	Zoom Communications, Inc.	377,356	$30,335,648
ADI	Analog Devices Inc	47,500	$15,111,650
EQIX	Equinix Inc	14,429	$14,143,882
AMD	Advanced Micro Devices Inc	57,010	$11,597,544
AKAM	Akamai Technologies Inc	73,721	$8,466,856
TER	Teradyne, Inc	26,026	$7,715,667
TSEM	Tower Semiconductor Ltd	40,464	$7,100,622
ARM	Arm Holdings PLC /Uk	45,366	$6,862,968
STM	STMicroelectronics N.V.	191,750	$6,624,962
NET	Cloudflare, Inc.	32,107	$6,624,958
PYPL	PayPal Holdings, Inc.	100,000	$4,523,000
AMAT	Applied Materials Inc /De	11,880	$4,060,465
VECO	Veeco Instruments Inc	50,276	$1,702,345
No positions match the current search.

Sold Out

Positions the filer fully exited

22 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	300,000	$204,576,000
AMZN	Amazon Com Inc	111,986	$25,848,608
NVDA	Nvidia Corp	86,287	$16,092,525
UPST	Upstart Holdings, Inc.	316,586	$13,844,305
BABA	Alibaba Group Holding Ltd	51,654	$7,571,443
DKNG	DraftKings Inc.	211,705	$7,295,354
ETSY	Etsy Inc	130,850	$7,254,324
PATH	UiPath, Inc.	365,159	$5,984,956
LITE	Lumentum Holdings Inc.	15,868	$5,848,786
ECHO	EchoStar CORP	51,891	$5,640,551
LMND	Lemonade, Inc.	63,032	$4,486,617
EBAY	Ebay Inc	45,211	$3,937,878
RKT	Rocket Companies, Inc.	183,869	$3,559,703
ASTS	AST SpaceMobile, Inc.	45,031	$3,270,601
ROKU	Roku, Inc	29,675	$3,219,440
AVBP	ArriVent BioPharma, Inc.	152,448	$3,067,253
HUT	Hut 8 Corp.	64,710	$2,972,777
BIDU	Baidu, Inc.	21,282	$2,780,706
SNPS	Synopsys Inc	5,191	$2,438,316
ZETA	Zeta Global Holdings Corp.	92,337	$1,879,057
RBLX	Roblox Corp	20,119	$1,630,242
APP	AppLovin Corp	2,275	$1,532,940
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

23 tracked positions · $238,295,347 total · filing declares 28 positions · $330,875,859 · as of Mar 31, 2026

All sectors Consumer Cyclical Financial Services Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp CALL Technology	NEW	120,000	NEW	$44,420,400	NEW	18.64%
ZM	Zoom Communications, Inc. CALL + SHARES Technology	NEW	377,356	NEW	$30,335,648	NEW	12.73%
W	Wayfair Inc. Consumer Cyclical	Added	220,489	+207,070	$16,582,977	+1130.7%	6.96%
U	Unity Software Inc. CALL + SHARES Technology	Added	699,862	+592,916	$15,354,972	+225.1%	6.44%
ADI	Analog Devices Inc CALL Technology	NEW	47,500	NEW	$15,111,650	NEW	6.34%
EQIX	Equinix Inc Real Estate	NEW	14,429	NEW	$14,143,882	NEW	5.94%
AMD	Advanced Micro Devices Inc Technology	NEW	57,010	NEW	$11,597,544	NEW	4.87%
VNET	VNET Group, Inc. Technology	Added	1,324,730	+775,525	$11,114,484	+139.2%	4.66%
AKAM	Akamai Technologies Inc Technology	NEW	73,721	NEW	$8,466,856	NEW	3.55%
TER	Teradyne, Inc Technology	NEW	26,026	NEW	$7,715,667	NEW	3.24%
SE	Sea Ltd Consumer Cyclical	Reduced	92,253	-45,663	$7,639,470	−56.6%	3.21%
TSEM	Tower Semiconductor Ltd Technology	NEW	40,464	NEW	$7,100,622	NEW	2.98%
ARM	Arm Holdings PLC /Uk Technology	NEW	45,366	NEW	$6,862,968	NEW	2.88%
STM	STMicroelectronics N.V. Technology	NEW	191,750	NEW	$6,624,962	NEW	2.78%
NET	Cloudflare, Inc. Technology	NEW	32,107	NEW	$6,624,958	NEW	2.78%
GDS	GDS Holdings Ltd Technology	Added	142,149	+54,272	$5,727,183	+86.7%	2.40%
WULF	Terawulf Inc. Financial Services	Reduced	327,758	-266,718	$4,729,547	−30.8%	1.98%
PYPL	PayPal Holdings, Inc. CALL Financial Services	NEW	100,000	NEW	$4,523,000	NEW	1.90%
AMAT	Applied Materials Inc /De Technology	NEW	11,880	NEW	$4,060,465	NEW	1.70%
BE	Bloom Energy Corp Industrials	Reduced	27,337	-10,754	$3,703,890	+11.9%	1.55%
FIGR	Figure Technology Solutions, Inc. Financial Services	Reduced	77,424	-110,614	$2,628,544	−65.8%	1.10%
VECO	Veeco Instruments Inc Technology	NEW	50,276	NEW	$1,702,345	NEW	0.71%
GRAB	Grab Holdings Ltd Technology	Reduced	416,206	-1,879,848	$1,523,313	−86.7%	0.64%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.