CPNG β€” COUPANG INC

Ownership history in Entropy Technologies, LP  Β·  5 quarters on record

This page tracks every 13F SEC filing in which Entropy Technologies, LP reported a position in COUPANG INC (CPNG). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.3% (2023 Q4)
πŸ“Š Avg. % of fund
0.19%
πŸ“… First filed
2023 Q4
πŸ“… Last filed
2025 Q3
⏱ Quarters held
5

Position Intelligence

Entropy Technologies, LP Γ— CPNG AI Analytics

πŸ“ˆ Entropy Technologies, LP outperformed the S&P 500 by +53.5% annually on this CPNG position. Timing score: 67% (2/3 decisions correct). Average cost basis: $31.18. Maximum drawdown during holding period: –0.0%.

πŸ“ˆ Position Alpha vs SPY
+53.5%
annualised excess return

πŸ”₯ Exceptional β€” beat the S&P 500 by 53.5% per year on this position.
3 quarters analyzed

⏱️ Timing Score
67%

βœ… Decent timing β€” more right than wrong on entries and exits.
2 of 3 add/trim decisions correct

πŸ’° Entry Quality
$31.18
+3.3% vs current ($32.20)

Best entry: $21.93 (2025 Q1)  Β·  Worst: $32.20 (2025 Q3)

πŸ›‘οΈ Drawdown Resilience
–0.0%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
80%
buy-side decisions

4 adds Β· 1 trim. πŸ‚ Consistently bullish β€” fund kept accumulating this position.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.29% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    CPNG price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 5 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 ADDED 122,031 +50,331 +70.2% 0.29% $3.9M $32.20
2025 Q2 ADDED 71,700 +19,546 +37.5% 0.17% $2.1M $29.96
2025 Q1 ADDED 52,154 +2,945 +6.0% 0.11% $1.1M $21.93
2024 Q1 REDUCED 49,209 -50,887 -50.8% 0.09% $875K $17.79
2023 Q4 INITIATED 100,096 β€” β€” 0.30% $1.6M β€”

🏒 Other funds also holding CPNG

As of 2025 Q4 β€” sorted by position size

Wolfswood Holdings, LLC 3Y 81.88% SB INVESTMENT ADVISERS (UK) LTD 3Y 7Y 68.34% MASSACHUSETTS INSTITUTE OF TECHNOLOGY 3Y 7Y 60.22% Belfer Management LLC 3Y 7Y 21.53% Tree Line Advisors (Hong Kong) Ltd. 3Y 7Y 17.74% TFJ Management, LLC 14.34% HMI Capital Management, L.P. 3Y 7Y 13.08% GREENOAKS CAPITAL PARTNERS LLC 3Y 12.17% Nellore Capital Management LLC 3Y 11.73% Dragoneer Investment Group, LLC 3Y 7Y 11.1%
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