Dennis Hong's Top Holdings: Tech and Real Estate Focus in 2025 Portfolio
Dennis Hong's portfolio as of December 31, 2025, is heavily concentrated in Technology and Real Estate sectors, with top holdings including Okta, Shift4 Payments, and Alibaba.
As of December 31, 2025, Dennis Hong's portfolio at ShawSpring Partners totals $531.1 million, showcasing a strategic focus on high-growth sectors. His top holdings demonstrate a clear emphasis on Technology and Real Estate, with significant allocations to market leaders and emerging companies.
Leading the portfolio is Okta (OKTA), a cloud-based identity and access management leader. Hong holds 883,441 shares valued at $76.4 million, representing 14.38% of the total portfolio. The position saw a 10.81% reduction in shares during the prior period.
Shift4 Payments (FOUR) follows closely with a 13.62% allocation. Hong owns 1,148,861 shares worth $72.3 million. This position also experienced an 8.19% decrease in shares over the past reporting period.
In the Real Estate sector, Costar Group (CSGP) holds a substantial 12.12% allocation. With 957,557 shares valued at $64.4 million, this position actually increased by 6.87% in shares during the prior period.
Consumer-focused growth is evident in Hong's significant stake in Alibaba Group Holding (BABA). Representing 10.44% of the portfolio, the position surged by an incredible 100% in shares during the prior period, adding 378,155 new shares.
Continuing the Technology focus, Braze (BRZE) and Procore Technologies (PCOR) each hold around 9.5% and 9.3% allocations respectively. Both saw significant declines in their respective positions during the prior period.
Dennis Hong's investment strategy appears diversified across both established tech companies and emerging growth stocks, with a clear emphasis on sectors driving digital transformation and e-commerce.