Hidden Lake Asset Management LP — 13F Holdings & Portfolio

CIK 1750312 · latest 13F-HR filed 2026-05-14

Hidden Lake Asset Management LP manages $330.9M in 13F-reported U.S. long-equity assets across 28 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are IWM (19.11%), MSFT (13.43%), ZM (6.80%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 11 new positions, exited 21, added to 5, and trimmed 4.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM

$330.9M

Long-equity book

Holdings

28

Distinct positions

Period

2026-03-31

Filed 2026-05-14

Q/Q Activity

+11 / −21 / ↑5 / ↓4

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • WAYFAIR INC$15.2M +1130.7%
  • UNITY SOFTWARE INC$9.8M +207.2%
  • VNET GROUP INC$6.5M +139.2%
  • GDS HLDGS LTD$2.7M +86.7%
  • BLOOM ENERGY CORP$394.2K +11.9%
Show all 5

Top Trims

  • SEA LTD-$10.0M -56.6%
  • GRAB HOLDINGS LIMITED-$9.9M -86.7%
  • FIGURE TECHNOLOGY SOLUTIO-$5.1M -65.8%
  • TERAWULF INC-$2.1M -30.8%
Show all 4

New Positions

  • EQUINIX INC$14.1M
  • ADVANCED MICRO DEVICES INC$11.6M
  • AKAMAI TECHNOLOGIES INC$8.5M
  • ZOOM COMMUNICATIONS INC$7.8M
  • TERADYNE INC$7.7M
Show all 11

Exited Positions

  • AMAZON COM INC$25.8M
  • NVIDIA CORPORATION$16.1M
  • UPSTART HLDGS INC$13.8M
  • ALIBABA GROUP HLDG LTD$7.6M
  • ETSY INC$7.3M
Show all 21
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ISHARES TR Put IWM 464287655 $63.2M 19.11% 255,000 SH
2 MICROSOFT CORP Call MSFT 594918104 $44.4M 13.43% 120,000 SH
3 ZOOM COMMUNICATIONS INC Call ZM 98980L101 $22.5M 6.80% 280,000 SH
4 ISHARES TR Call TLT 464287432 $21.7M 6.55% 250,000 SH
5 WAYFAIR INC W 94419L101 $16.6M 5.01% 220,489 SH
6 ANALOG DEVICES INC Call ADI 032654105 $15.1M 4.57% 47,500 SH
7 UNITY SOFTWARE INC U 91332U101 $14.5M 4.39% 661,362 SH
8 EQUINIX INC EQIX 29444U700 $14.1M 4.27% 14,429 SH
9 ADVANCED MICRO DEVICES INC AMD 007903107 $11.6M 3.51% 57,010 SH
10 VNET GROUP INC VNET 90138A103 $11.1M 3.36% 1,324,730 SH
11 AKAMAI TECHNOLOGIES INC AKAM 00971T101 $8.5M 2.56% 73,721 SH
12 ZOOM COMMUNICATIONS INC ZM 98980L101 $7.8M 2.37% 97,356 SH
13 TERADYNE INC TER 880770102 $7.7M 2.33% 26,026 SH
14 VANECK ETF TRUST Put SMH 92189F676 $7.7M 2.32% 20,000 SH
15 SEA LTD SE 81141R100 $7.6M 2.31% 92,253 SH
16 TOWER SEMICONDUCTOR LTD TSEM M87915274 $7.1M 2.15% 40,464 SH
17 ARM HOLDINGS PLC ARM 042068205 $6.9M 2.07% 45,366 SH
18 STMICROELECTRONICS N V STM 861012102 $6.6M 2.00% 191,750 SH
19 CLOUDFLARE INC NET 18915M107 $6.6M 2.00% 32,107 SH
20 GDS HLDGS LTD GDS 36165L108 $5.7M 1.73% 142,149 SH
21 TERAWULF INC WULF 88080T104 $4.7M 1.43% 327,758 SH
22 PAYPAL HLDGS INC Call PYPL 70450Y103 $4.5M 1.37% 100,000 SH
23 APPLIED MATLS INC AMAT 038222105 $4.1M 1.23% 11,880 SH
24 BLOOM ENERGY CORP BE 093712107 $3.7M 1.12% 27,337 SH
25 FIGURE TECHNOLOGY SOLUTIO FIGR 349381103 $2.6M 0.79% 77,424 SH
26 VEECO INSTRS INC DEL VECO 922417100 $1.7M 0.51% 50,276 SH
27 GRAB HOLDINGS LIMITED GRAB G4124C109 $1.5M 0.46% 416,206 SH
28 UNITY SOFTWARE INC Call U 91332U101 $844.7K 0.26% 38,500 SH
Filing History
Period Filed AUM Holdings Accession
2026-03-31 2026-05-14 $330.9M 28 0001750312-26-000004
2025-12-31 2026-02-17 $395.4M 33 0001750312-26-000002
2025-09-30 2025-11-14 $782.2M 42 0001750312-25-000011