Dennis Hong - ShawSpring Partners 13F Activity & Position Changes (Q3 2025)

According to the SEC 13F filed on Nov 13, 2025, the ShawSpring Partners portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q3 2025, the filing reported:

New Buys - Liberty Media Corporation - Ser

Increases - Blend Labs, Inc., Shift4 Payments, Inc., Monday.com, Okta, Inc., Vertex, Inc.

Reductions - Braze, Inc., CoStar Group, Inc., Intuit Inc., nCino, Inc., Procore Technologies, Inc.

Complete Exits - None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2025	BLND Blend Labs, Inc.	Blend Labs, Inc.	Buy	+929,566	+10.4%	$35.92M	9,840,605
Q3 2025	BRZE Braze, Inc.	Braze, Inc.	Sell	-671,356	-26.6%	$52.56M	1,848,244
Q3 2025	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-460,026	-33.9%	$75.60M	896,034
Q3 2025	FOUR Shift4 Payments, Inc.	Shift4 Payments, Inc.	Buy	+472,652	+60.7%	$96.86M	1,251,374
Q3 2025	FWONK Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Buy - Position Entry	+217,523	-	$22.72M	217,523
Q3 2025	INTU Intuit Inc.	Intuit Inc.	Sell	-24,454	-17.6%	$78.10M	114,369
Q3 2025	MNDY Monday.com	Monday.com	Buy	+93,009	+33.1%	$72.48M	374,221
Q3 2025	NCNO nCino, Inc.	nCino, Inc.	Sell	-1,334,107	-46.2%	$42.12M	1,553,659
Q3 2025	OKTA Okta, Inc.	Okta, Inc.	Buy	+36,193	+3.8%	$90.83M	990,486
Q3 2025	PCOR Procore Technologies, Inc.	Procore Technologies, Inc.	Sell	-483,700	-31.0%	$78.60M	1,077,913
Q3 2025	VERX Vertex, Inc.	Vertex, Inc.	Buy	+369,001	+51.8%	$26.81M	1,081,446