# Hidden Lake Asset Management LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1750312. Source: https://holderbook.com/funds/1750312-hidden-lake-asset-management-lp/

- Reported value: $332.2M
- Positions: 24
- Weight of the ten largest: 73.1%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $73.7M | 0 | 22.2% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $35.3M | 0 | 10.6% | 1 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $25.4M | 0 | 7.7% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $19.5M | 33,594 | 5.9% | 2 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $18.1M | 0 | 5.5% | 1 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $16.3M | 16,877 | 4.9% | 1 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $14.1M | 0 | 4.2% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $14.0M | 19,410 | 4.2% | 2 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $13.4M | 52,768 | 4.0% | 1 |
| STMICROELECTRONICS N V | [STM](https://holderbook.com/stocks/STM/) | $13.0M | 173,243 | 3.9% | 2 |
| UNITY SOFTWARE INC | [U](https://holderbook.com/stocks/U/) | $11.0M | 386,393 | 3.3% | 4 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $10.0M | 8,683 | 3.0% | 1 |
| UPSTART HLDGS INC | [UPST](https://holderbook.com/stocks/UPST/) | $10.0M | 281,614 | 3.0% | 1 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $9.5M | 0 | 2.9% | 1 |
| TTM TECHNOLOGIES INC | [TTMI](https://holderbook.com/stocks/TTMI/) | $7.4M | 39,751 | 2.2% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $6.7M | 3,350 | 2.0% | 1 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $6.4M | 13,302 | 1.9% | 1 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $6.2M | 468,952 | 1.9% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $4.9M | 34,918 | 1.5% | 1 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $4.0M | 27,175 | 1.2% | 1 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $3.8M | 40,075 | 1.2% | 1 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $3.7M | 0 | 1.1% | 1 |
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $2.9M | 0 | 0.9% | 1 |
| DRAFTKINGS INC NEW | [DKNG](https://holderbook.com/stocks/DKNG/) | $2.8M | 0 | 0.8% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +47.5% | +14.8% | +32.6% | 87% |
| Q1 2026 | -10.8% | -4.6% | -6.1% | 96% |
| Q4 2025 | -14.5% | +2.4% | -16.9% | 88% |
| Q3 2025 | +19.0% | +7.8% | +11.2% | 79% |
| Q2 2025 | +31.9% | +10.5% | +21.4% | 94% |
| Q1 2025 | -12.7% | -4.6% | -8.2% | 93% |
| Q4 2024 | +22.9% | +2.1% | +20.8% | 74% |
| Q3 2024 | +16.7% | +5.4% | +11.2% | 91% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $332.2M | 24 |
| Q1 2026 | $330.9M | 26 |
| Q4 2025 | $395.4M | 31 |
| Q3 2025 | $782.2M | 40 |
| Q2 2025 | $367.4M | 30 |
| Q1 2025 | $154.6M | 27 |
| Q4 2024 | $222.4M | 31 |
| Q3 2024 | $181.9M | 25 |
| Q2 2024 | $129.0M | 26 |
| Q1 2024 | $165.1M | 20 |
| Q4 2023 | $132.9M | 20 |
| Q3 2023 | $84.0M | 8 |