Q4 2025 · 13F-HR
Hidden Lake Asset Management LPholdings as filed
Filed 2026-02-17 · accession 0001750312-26-000002
$395.4M
Reported value
33
Positions
2025-12-31
Period end
The Brief · Hidden Lake Asset Management LP · Q4 2025
AI · grounded in 13F
Hidden Lake Asset Management LP closed its position in QQQ, reducing exposure by $480.3M. The fund offset this by establishing a new position in SPY valued at $204.6M. Other new additions include NVDA at $16.1M and UPST at $13.8M, while the fund fully exited positions in PDD and CRWV.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $204.6M | 51.7% | 300,000 | PUT | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $25.8M | 6.54% | 111,986 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $17.6M | 4.45% | 137,916 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $16.1M | 4.07% | 86,287 | Common | SOLE |
| 91680M107 | UPST | UPSTART HLDGS INC | $13.8M | 3.50% | 316,586 | Common | SOLE |
| G4124C109 | GRAB | GRAB HOLDINGS LIMITED | $11.5M | 2.90% | 2,296,054 | Common | SOLE |
| 349381103 | FIGR | FIGURE TECHNOLOGY SOLUTIO | $7.7M | 1.94% | 188,038 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $7.6M | 1.91% | 51,654 | Common | SOLE |
| 29786A106 | ETSY | ETSY INC | $7.3M | 1.83% | 130,850 | Common | SOLE |
| 88080T104 | WULF | TERAWULF INC | $6.8M | 1.73% | 594,476 | Common | SOLE |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $5.8M | 1.48% | 15,868 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $5.6M | 1.43% | 51,891 | Common | SOLE |
| 91332U101 | U | UNITY SOFTWARE INC | $4.7M | 1.19% | 106,946 | Common | SOLE |
| 90138A103 | VNET | VNET GROUP INC | $4.6M | 1.18% | 549,205 | Common | SOLE |
| 52567D107 | LMND | LEMONADE INC | $4.5M | 1.13% | 63,032 | Common | SOLE |
| 90364P105 | PATH | UIPATH INC | $4.1M | 1.04% | 250,000 | CALL | SOLE |
| 26142V105 | DKNG | DRAFTKINGS INC NEW | $4.1M | 1.03% | 118,205 | Common | SOLE |
| 278642103 | EBAY | EBAY INC. | $3.9M | 1.00% | 45,211 | Common | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $3.6M | 0.90% | 183,869 | Common | SOLE |
| 093712107 | BE | BLOOM ENERGY CORP | $3.3M | 0.84% | 38,091 | Common | SOLE |
| 00217D100 | ASTS | AST SPACEMOBILE INC | $3.3M | 0.83% | 45,031 | Common | SOLE |
| 26142V105 | DKNG | DRAFTKINGS INC NEW | $3.2M | 0.81% | 93,500 | CALL | SOLE |
| 77543R102 | ROKU | ROKU INC | $3.2M | 0.81% | 29,675 | Common | SOLE |
| 04272N102 | AVBP | ARRIVENT BIOPHARMA INC | $3.1M | 0.78% | 152,448 | Common | SOLE |
| 36165L108 | GDS | GDS HLDGS LTD | $3.1M | 0.78% | 87,877 | Common | SOLE |
| 44812J104 | HUT | HUT 8 CORP | $3.0M | 0.75% | 64,710 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $2.8M | 0.70% | 21,282 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $2.4M | 0.62% | 5,191 | Common | SOLE |
| 90364P105 | PATH | UIPATH INC | $1.9M | 0.48% | 115,159 | Common | SOLE |
| 98956A105 | ZETA | ZETA GLOBAL HOLDINGS CORP | $1.9M | 0.48% | 92,337 | Common | SOLE |
| 771049103 | RBLX | ROBLOX CORP | $1.6M | 0.41% | 20,119 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $1.5M | 0.39% | 2,275 | Common | SOLE |
| 94419L101 | W | WAYFAIR INC | $1.3M | 0.34% | 13,419 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.