Dennis Hong - ShawSpring Partners Investment Strategy (Dec 31, 2025)


As of Dec 31, 2025, the ShawSpring Partners portfolio managed by Dennis Hong demonstrates a sophisticated investment approach with 18 positions and an average holding period of 681 quarters. The strategy focuses on Communication Services, Consumer Cyclical, Real Estate, Technology sectors with a typical position size of 11.5% of the portfolio.


The portfolio's risk management approach includes a maximum position size of 11.5% and sector diversification of 4%, exemplified by the case study of OKTA INC (OKTA). 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 Period1.9 yearsStyleAverage duration positions are maintained
Position Count18StyleNumber of active positions in portfolio
Position Size11.5%RiskTypical allocation per position
Win Rate46.3%PerformancePercentage of profitable positions
Average Return3.8%PerformanceMean return across positions
Sharpe Ratio0.07PerformanceReturn per unit of risk taken

Investment Case Study: OKTA INC (OKTA)

6/30/2025 - 3/23/2026

Performance Metrics

Total Return: -20.69%

Holding Period: 266 days

Max Position Size: $95,400,671.00

Position Weight: 13.31%

Key Events

6/30/2025: ENTRY(954,293.00 shares) @ $99.97
9/30/2025: INCREASE(36,193.00 shares) @ $91.70
12/31/2025: DECREASE(-107,045.00 shares) @ $86.47

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