Dennis Hong - ShawSpring Partners Investment Strategy (Jun 30, 2025)


As of Jun 30, 2025, the ShawSpring Partners portfolio managed by Dennis Hong demonstrates a sophisticated investment approach with 15 positions and an average holding period of 628 quarters. The strategy focuses on Communication Services, Consumer Cyclical, Real Estate, Technology sectors with a typical position size of 12.1% of the portfolio.


The portfolio's risk management approach includes a maximum position size of 12.09% and sector diversification of 4%, exemplified by the case study of INTUIT (INTU). This strategic framework provides insights into Dennis Hong's investment philosophy, risk management practices, and long-term value creation approach.

Investment Strategy Metrics

Key metrics revealing investment style, risk management, and performance characteristics

MetricValueCategoryDescription
Holding Period1.7 yearsStyleAverage duration positions are maintained
Position Count15StyleNumber of active positions in portfolio
Position Size12.1%RiskTypical allocation per position
Win Rate52.6%PerformancePercentage of profitable positions
Average Return8.6%PerformanceMean return across positions
Sharpe Ratio0.15PerformanceReturn per unit of risk taken

Investment Case Study: INTUIT (INTU)

9/30/2022 - 11/9/2025

Performance Metrics

Total Return: 94,675.27%

Holding Period: 1136 days

Max Position Size: $109,341,159.00

Position Weight: 11.78%

Key Events

9/30/2022: ENTRY(207,319.00 shares) @ $0.39
12/31/2022: DECREASE(-11,938.00 shares) @ $389.22
3/31/2023: INCREASE(13,012.00 shares) @ $445.83
6/30/2023: DECREASE(-23,607.00 shares) @ $458.19
9/30/2023: DECREASE(-32,783.00 shares) @ $510.94
12/31/2023: DECREASE(-4,426.00 shares) @ $625.03
3/31/2024: DECREASE(-16,408.00 shares) @ $650.00
6/30/2024: DECREASE(-5,992.00 shares) @ $657.21
9/30/2024: DECREASE(-18,225.00 shares) @ $621.00
12/31/2024: DECREASE(-21,224.00 shares) @ $628.50
3/31/2025: INCREASE(81,208.00 shares) @ $613.99
6/30/2025: DECREASE(-28,113.00 shares) @ $787.63

Investment Thesis

Entry Context: Initial position established based on fundamental analysis

Sector Conditions: Favorable market conditions in the sector

Risk Factors:
  • Market volatility
  • Sector-specific risks

Key Learnings

  • Position sizing is critical for portfolio management
  • Important to monitor sector exposure

Sector Allocations