Hidden Lake Asset Management LP

Registered adviser

CIK

1750312

Location

NEW YORK, NY

Portfolio Value

Small $258,518,467

Diversification

Diversified

Filing Date

Global Rank

#5,643 / 8,815 ▼ 1126

Top Industry

Semiconductors 31.6%

3Y Alpha vs SPY

+13.2%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 298209

Roster of Oct 1, 2026

Regulatory AUM

$378,263,704

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

3 funds · Private equity funds

Focus by fund count, roster of Oct 1, 2026

$378,263,704 gross assets

Private funds on Schedule D 7.B.(1)

As filed Mar 25, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$389,571,899 gross assets in 4 funds Hedge funds $387,063,856 (2) Private equity funds $2,508,043 (2)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$378,263,704	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$367,921,603	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$389,571,899	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$379,607,794	Pooled investment vehicles (100%)
Apr 2023	$379,607,794	Pooled investment vehicles (100%)
Apr 2022 to Mar 2023	$450,362,282	Pooled investment vehicles (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 82.7% of the book (60%+)

Turnover

High turnover

254.6% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 1.5 quarters (under 4)

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 82.6%; sector active share 59.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

24 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

13.7%

−12.0 pts

Top 5

44.4%

−13.5 pts

Top 10

69.7%

−6.4 pts

HHI

642

Diversified−441

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	49.9%	$128,931,529	12
Unclassified	34.2%	$88,403,500	5
Industrials	7.0%	$18,036,536	2
Financial Services	3.9%	$9,977,584	1
Consumer Cyclical	2.6%	$6,624,998	2
Communication Services	2.5%	$6,544,320	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
AMAT	Applied Materials Inc	+7,530	19,410	$14,033,430
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
U	Unity Software Inc.	−274,969	386,393	$11,043,111
AMD	Advanced Micro Devices Inc	−23,416	33,594	$19,515,090
STM	STMicroelectronics N.V.	−18,507	173,243	$12,974,168
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
STX	Seagate Technology Holdings plc	16,877	$16,286,305
SNOW	Snowflake Inc.	52,768	$13,429,456
MU	Micron Technology Inc	8,683	$10,022,700
UPST	Upstart Holdings, Inc.	281,614	$9,977,584
TTMI	Ttm Technologies Inc	39,751	$7,434,232
ASML	Asml Holding NV	3,350	$6,664,623
ALAB	Astera Labs, Inc.	13,302	$6,425,132
NOK	Nokia Corp	468,952	$6,227,682
INTC	Intel Corp	34,918	$4,875,600
AER	AerCap Holdings N.V.	27,175	$3,961,571
BABA	Alibaba Group Holding Ltd	40,075	$3,846,398
No positions match the current search.

Sold Out

Positions the filer fully exited

16 positions

Ticker	Company	Shares	Value
W	Wayfair Inc.	220,489	$16,582,977
EQIX	Equinix Inc	14,429	$14,143,882
VNET	VNET Group, Inc.	1,324,730	$11,114,484
AKAM	Akamai Technologies Inc	73,721	$8,466,856
ZM	Zoom Communications, Inc.	97,356	$7,826,448
TER	Teradyne, Inc	26,026	$7,715,667
SE	Sea Ltd	92,253	$7,639,470
TSEM	Tower Semiconductor Ltd	40,464	$7,100,622
ARM	Arm Holdings PLC	45,366	$6,862,968
NET	Cloudflare, Inc.	32,107	$6,624,958
GDS	GDS Holdings Ltd	142,149	$5,727,183
WULF	Terawulf Inc.	327,758	$4,729,547
BE	Bloom Energy Corp	27,337	$3,703,890
FIGR	Figure Technology Solutions, Inc.	77,424	$2,628,544
VECO	Veeco Instruments Inc	50,276	$1,702,345
GRAB	Grab Holdings Ltd	416,206	$1,523,313
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

24 tracked positions · $258,518,467 total · filing declares 24 positions · $332,205,873 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1 PUT	NEW	48,000	NEW	$35,347,200	NEW	—	—	13.67%
	CALL	NEW	1,040,000	NEW	$25,448,800	NEW	—	—	9.84%
AMD	Advanced Micro Devices Inc Technology	Reduced	33,594	-23,416	$19,515,090	+68.3%	2	$213.52	7.55%
IGV	iShares Expanded Tech-Software Sector ETF CALL	NEW	200,000	NEW	$18,120,000	NEW	—	—	7.01%
STX	Seagate Technology Holdings plc Technology	NEW	16,877	NEW	$16,286,305	NEW	1	$762.82	6.30%
UAL	United Airlines Holdings, Inc. CALL Industrials	NEW	103,500	NEW	$14,074,965	NEW	—	—	5.44%
AMAT	Applied Materials Inc Technology	Added	19,410	+7,530	$14,033,430	+245.6%	2	$384.87	5.43%
SNOW	Snowflake Inc. Technology	NEW	52,768	NEW	$13,429,456	NEW	1	$184.02	5.19%
STM	STMicroelectronics N.V. Technology	Reduced	173,243	-18,507	$12,974,168	+95.8%	2	$31.29	5.02%
U	Unity Software Inc. Technology	Reduced	386,393	-313,469	$11,043,111	−28.1%	4	$29.32	4.27%
MU	Micron Technology Inc Technology	NEW	8,683	NEW	$10,022,700	NEW	1	$749.89	3.88%
UPST	Upstart Holdings, Inc. Financial Services	NEW	281,614	NEW	$9,977,584	NEW	1	$30.81	3.86%
EWZ	iShares MSCI Brazil ETF CALL	NEW	275,000	NEW	$9,487,500	NEW	—	—	3.67%
TTMI	Ttm Technologies Inc Technology	NEW	39,751	NEW	$7,434,232	NEW	1	$161.30	2.88%
ASML	Asml Holding NV Technology	NEW	3,350	NEW	$6,664,623	NEW	1	$1,591.72	2.58%
ALAB	Astera Labs, Inc. Technology	NEW	13,302	NEW	$6,425,132	NEW	1	$265.37	2.49%
NOK	Nokia Corp Technology	NEW	468,952	NEW	$6,227,682	NEW	1	$12.87	2.41%
INTC	Intel Corp Technology	NEW	34,918	NEW	$4,875,600	NEW	1	$101.12	1.89%
AER	AerCap Holdings N.V. Industrials	NEW	27,175	NEW	$3,961,571	NEW	1	$142.02	1.53%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	NEW	40,075	NEW	$3,846,398	NEW	1	$125.27	1.49%
PINS	Pinterest, Inc. CALL Communication Services	NEW	175,000	NEW	$3,680,250	NEW	—	—	1.42%
RDDT	Reddit, Inc. CALL Communication Services	NEW	16,500	NEW	$2,864,070	NEW	—	—	1.11%
DKNG	DraftKings Inc. CALL Consumer Cyclical	NEW	110,000	NEW	$2,778,600	NEW	—	—	1.07%
SOXX	iShares Semiconductor ETF	NEW	115,000	NEW	$0	NEW	—	—	0.00%

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.