Dennis Hong Portfolio Analysis: Concentration in Top Holdings as of Dec 31, 2025
Dennis Hong's $531M portfolio as of Dec 31, 2025, shows significant concentration in technology and real estate stocks, with notable changes in holdings like BRZE and PCOR.
As of December 31, 2025, Dennis Hong's portfolio managed by ShawSpring Partners totals approximately $531 million. This substantial portfolio demonstrates a clear concentration in specific sectors and individual stocks, with the top ten holdings accounting for a significant portion of the total value.
The largest position is Okta (OKTA), valued at $76.4 million, representing 14.38% of the total portfolio. Shift4 Payments (FOUR) follows closely with $72.3 million (13.62%), and Costar Group (CSGP) holds $64.4 million (12.12%). These three holdings alone account for nearly 40% of the portfolio's value, highlighting a significant concentration in specific companies.
Notable changes in shareholding are evident across several positions. Dennis Hong significantly increased his stake in Liberty Media (FWONK) by 70.94%, adding 154,303 shares. Similarly, he substantially increased his position in Braze (BRZE) by 20.3%, adding 375,239 shares, and Procore Technologies (PCOR) by 36.77%, adding 396,377 shares.
Conversely, there were reductions in other significant holdings. Hong decreased his position in Okta (OKTA) by 10.81%, reducing shares by 107,045. Shift4 Payments (FOUR) saw a reduction of 8.19%, with a decrease of 102,513 shares. Monday.com (MNDY) experienced a significant reduction of 32.14%, with a decrease of 120,262 shares. Intuit (INTU) also saw a reduction of 55.65%, with a decrease of 63,648 shares. Blend Labs (BLND) experienced an 8.3% reduction in shares.
The portfolio also includes significant positions in Alibaba (BABA), valued at $55.4 million (10.44%), and other substantial holdings like Four (FOUR) and others not listed here. The overall structure indicates a concentrated approach focused on specific technology and real estate companies.
For a detailed view of Dennis Hong's investment profile and these holdings, please visit his profile on Insiderset: https://www.insiderset.com/investor/dennis-hong-shawspring-partners. You can also explore detailed information about each stock, such as Okta (https://www.insiderset.com/investors/stocks/OKTA), Shift4 Payments (https://www.insiderset.com/investors/stocks/FOUR), and others.