Hidden Lake Asset Management LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Hidden Lake Asset Management LP disclosed 37 US equity positions worth $250.3m in its Q3 2025 13F filing. The largest position was PDD at 6.4% of the reported book, followed by CRWV and RBLX. Against the Q2 2025 filing, it opened 29 new positions, added to 1 and reduced 7 among the top 37 holdings.
What did Hidden Lake Asset Management LP own in Q3 2025? Top 37 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PDD PDD HOLDINGS INC | Consumer Cyclical | 6.4% | $16.0m | 120,847 | – | new |
| 2 | CRWV COREWEAVE INC | Technology | 5.9% | $14.8m | 108,247 | – | new |
| 3 | RBLX ROBLOX CORP | Communication Services | 5.6% | $14.0m | 100,917 | -22% | reduced |
| 4 | WIX WIX COM LTD | Technology | 5.5% | $13.7m | 77,336 | – | new |
| 5 | AAPL APPLE INC | Technology | 5.1% | $12.9m | 50,555 | – | new |
| 6 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 4.6% | $11.4m | 16,343 | – | new |
| 7 | SE SEA LTD | Consumer Cyclical | 4.5% | $11.3m | 63,291 | -29% | reduced |
| 8 | BE BLOOM ENERGY CORP | Industrials | 4.1% | $10.2m | 120,915 | – | new |
| 9 | CHWY CHEWY INC | Consumer Cyclical | 3.9% | $9.8m | 241,381 | – | new |
| 10 | DUOL DUOLINGO INC | Technology | 3.8% | $9.5m | 29,456 | – | new |
| 11 | GDS GDS HLDGS LTD | Technology | 3.2% | $8.0m | 205,496 | 16% | added |
| 12 | DASH DOORDASH INC | Consumer Cyclical | 3.1% | $7.7m | 28,293 | – | new |
| 13 | AMZN AMAZON COM INC | Consumer Cyclical | 2.9% | $7.4m | 33,597 | – | new |
| 14 | GOOG ALPHABET INC | Communication Services | 2.7% | $6.7m | 27,563 | – | new |
| 15 | NU NU HLDGS LTD | Financial Services | 2.6% | $6.6m | 411,415 | – | new |
| 16 | BIDU BAIDU INC | Communication Services | 2.5% | $6.3m | 47,511 | – | new |
| 17 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 2.5% | $6.2m | 34,617 | – | new |
| 18 | ETSY ETSY INC | Consumer Cyclical | 2.5% | $6.2m | 92,767 | – | new |
| 19 | VNET VNET GROUP INC | Technology | 2.5% | $6.1m | 594,859 | – | new |
| 20 | AFRM AFFIRM HLDGS INC | Financial Services | 2.4% | $6.1m | 83,222 | -62% | reduced |
| 21 | AVBP ARRIVENT BIOPHARMA INC | 2.3% | $5.8m | 314,036 | -48% | reduced | |
| 22 | APP APPLOVIN CORP | Communication Services | 2.2% | $5.5m | 7,721 | – | new |
| 23 | MDB MONGODB INC | Technology | 2.2% | $5.5m | 17,689 | – | new |
| 24 | PTON PELOTON INTERACTIVE INC | Consumer Cyclical | 2.1% | $5.3m | 594,102 | – | new |
| 25 | HUT HUT 8 CORP | Financial Services | 1.8% | $4.4m | 127,457 | – | new |
| 26 | Z ZILLOW GROUP INC | Communication Services | 1.6% | $4.1m | 53,560 | – | new |
| 27 | ESTC ELASTIC N V | Technology | 1.5% | $3.8m | 44,564 | – | new |
| 28 | GTLB GITLAB INC | Technology | 1.5% | $3.8m | 83,468 | – | new |
| 29 | U UNITY SOFTWARE INC | Technology | 1.5% | $3.8m | 93,863 | – | new |
| 30 | OPRA OPERA LTD | Communication Services | 1.3% | $3.3m | 158,450 | – | new |
| 31 | UWMC UWM HOLDINGS CORPORATION | Financial Services | 1.1% | $2.7m | 440,785 | – | new |
| 32 | RKT ROCKET COS INC | Financial Services | 1.0% | $2.4m | 126,172 | – | new |
| 33 | WEBULL CORP | 0.9% | $2.3m | 154,370 | – | new | |
| 34 | TEM TEMPUS AI INC | Healthcare | 0.7% | $1.9m | 23,095 | -40% | reduced |
| 35 | LMND LEMONADE INC | Financial Services | 0.7% | $1.8m | 33,109 | -84% | reduced |
| 36 | IREN IREN LIMITED | Financial Services | 0.7% | $1.7m | 37,284 | -87% | reduced |
| 37 | OPEN OPENDOOR TECHNOLOGIES INC | Real Estate | 0.6% | $1.5m | 191,248 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.