Hidden Lake Asset Management LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Hidden Lake Asset Management LP maintained a portfolio of 60 distinct positions. The most significant new addition to the portfolio was SPDR S&P 500 ETF TR, which now represents 51.74% of the total fund value. Conversely, Hidden Lake Asset Management LP completely exited their position in INVESCO QQQ TR.
PCA Score Concentration Risk
Risk ENB
Total Positions
60
Quarter
2025 Q4
Top Holding
SPY (51.7%)
Top 10 Concentration
80.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 60
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
SPY
SPDR S&P 500 ET...
PUT
PUT Option 51.74% #1
Prev: #—
9.5 300,000 no change
NEW
300,000 $204,576,000 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 6.54% 0.94% #2 14
Prev: #16
7.1 78,389 233.3%
P
S
111,986 $25,848,609 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SE
SEA LTD
Consumer Cyclical 4.45% 1.45% #3 6
Prev: #9
5.8 74,625 117.9%
P
S
137,916 $17,593,944 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 4.07% #4
Prev: #—
5.6 86,287 no change
NEW
86,287 $16,092,526 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
UPST
UPSTART HLDGS I...
Financial Services 3.50% #5
Prev: #—
5.4 316,586 no change
NEW
316,586 $13,844,306 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GRAB
GRAB HOLDINGS L...
Technology 2.90% #6
Prev: #—
4.7 2,296,054 no change
NEW
2,296,054 $11,457,309 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FIGR
FIGURE TECHNOLO...
Financial Services 1.94% #7
Prev: #—
4.3 188,038 no change
NEW
188,038 $7,679,472 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 1.91% 0.79% #8 13
Prev: #21
3.3 17,037 49.2%
P
S
51,654 $7,571,443 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ETSY
ETSY INC
Consumer Cyclical 1.83% 0.79% #9 13
Prev: #22
3.2 38,083 41.1%
P
S
130,850 $7,254,324 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WULF
TERAWULF INC
Financial Services 1.73% #10
Prev: #—
4.2 594,476 no change
NEW
594,476 $6,830,529 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LITE
LUMENTUM HLDGS ...
Technology 1.48% #11
Prev: #—
4.1 15,868 no change
NEW
15,868 $5,848,786 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SATS
ECHOSTAR CORP
Communication Services 1.43% #12
Prev: #—
4.1 51,891 no change
NEW
51,891 $5,640,552 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
U
UNITY SOFTWARE ...
Technology 1.19% 0.48% #13 20
Prev: #33
2.5 13,083 13.9%
P
S
106,946 $4,723,805 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VNET
VNET GROUP INC
Technology 1.18% 0.79% #14 9
Prev: #23
1.0 -45,654 -7.7%
P
S
549,205 $4,646,274 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LMND
LEMONADE INC
Financial Services 1.13% 0.23% #15 25
Prev: #40
3.5 29,923 90.4%
P
S
63,032 $4,486,618 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PATH
UIPATH INC
CALL
CALL Option 1.04% #16
Prev: #—
3.9 250,000 no change
NEW
250,000 $4,097,500 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DKNG
DRAFTKINGS INC ...
Consumer Cyclical 1.03% #17
Prev: #—
3.9 118,205 no change
NEW
118,205 $4,073,344 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EBAY
EBAY INC.
Consumer Cyclical 1.00% #18
Prev: #—
3.9 45,211 no change
NEW
45,211 $3,937,878 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RKT
ROCKET COS INC
Financial Services 0.90% 0.31% #19 18
Prev: #37
2.9 57,697 45.7%
P
S
183,869 $3,559,704 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BE
BLOOM ENERGY CO...
Industrials 0.84% 1.31% #20 9
Prev: #11
0.3 -82,824 -68.5%
P
S
38,091 $3,309,727 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ASTS
AST SPACEMOBILE...
Technology 0.83% #21
Prev: #—
3.8 45,031 no change
NEW
45,031 $3,270,602 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DKNG
DRAFTKINGS INC ...
CALL
CALL Option 0.81% #22
Prev: #—
3.8 93,500 no change
NEW
93,500 $3,222,010 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ROKU
ROKU INC
Communication Services 0.81% #23
Prev: #—
3.8 29,675 no change
NEW
29,675 $3,219,441 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AVBP
ARRIVENT BIOPHA...
Healthcare 0.78% 0.74% #24 1
Prev: #25
0.3 -161,588 -51.5%
P
S
152,448 $3,067,254 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GDS
GDS HLDGS LTD
Technology 0.78% 1.02% #25 11
Prev: #14
0.3 -117,619 -57.2%
P
S
87,877 $3,066,907 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
QQQ
INVESCO QQQ TR
PUT
PUT Option 0.00% 61.40%
Sold All 😨
(Was: #1)
0.0 -800,000 -100.0%
CLOSED
$— 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
CALL
CALL Option 0.00% 3.93%
Sold All 😨
(Was: #2)
0.0 -140,000 -100.0%
CLOSED
$— 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PDD
PDD HOLDINGS IN...
Consumer Cyclical 0.00% 2.04%
Sold All 😨
(Was: #3)
0.0 -120,847 -100.0%
CLOSED
$— 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CRWV
COREWEAVE INC
Technology 0.00% 1.89%
Sold All 😨
(Was: #4)
0.0 -108,247 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WIX
WIX COM LTD
Technology 0.00% 1.76%
Sold All 😨
(Was: #6)
0.0 -77,336 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 0.00% 1.65%
Sold All 😨
(Was: #7)
0.0 -50,555 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SPOT
SPOTIFY TECHNOL...
Communication Services 0.00% 1.46%
Sold All 😨
(Was: #8)
0.0 -16,343 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ARKK
ARK ETF TR
PUT
PUT Option 0.00% 1.38%
Sold All 😨
(Was: #10)
0.0 -125,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CHWY
CHEWY INC
Consumer Cyclical 0.00% 1.25%
Sold All 😨
(Was: #12)
0.0 -241,381 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DUOL
DUOLINGO INC
Technology 0.00% 1.21%
Sold All 😨
(Was: #13)
0.0 -29,456 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DASH
DOORDASH INC
Consumer Cyclical 0.00% 0.98%
Sold All 😨
(Was: #15)
0.0 -28,293 -100.0%
CLOSED
$— 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 0.00% 0.86%
Sold All 😨
(Was: #17)
0.0 -27,563 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HLDGS LTD
Financial Services 0.00% 0.84%
Sold All 😨
(Was: #18)
0.0 -411,415 -100.0%
CLOSED
$— 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NOW
SERVICENOW INC
PUT
PUT Option 0.00% 0.82%
Sold All 😨
(Was: #19)
0.0 -7,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AFRM
AFFIRM HLDGS IN...
Financial Services 0.00% 0.78%
Sold All 😨
(Was: #24)
0.0 -83,222 -100.0%
CLOSED
$— 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MDB
MONGODB INC
Technology 0.00% 0.70%
Sold All 😨
(Was: #27)
0.0 -17,689 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PTON
PELOTON INTERAC...
Consumer Cyclical 0.00% 0.68%
Sold All 😨
(Was: #28)
0.0 -594,102 -100.0%
CLOSED
$— 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Z
ZILLOW GROUP IN...
Communication Services 0.00% 0.53%
Sold All 😨
(Was: #30)
0.0 -53,560 -100.0%
CLOSED
$— 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ESTC
ELASTIC N V
Technology 0.00% 0.48%
Sold All 😨
(Was: #31)
0.0 -44,564 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GTLB
GITLAB INC
Technology 0.00% 0.48%
Sold All 😨
(Was: #32)
0.0 -83,468 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
APP
APPLOVIN CORP
CALL
CALL Option 0.00% 0.46%
Sold All 😨
(Was: #34)
0.0 -5,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
OPRA
OPERA LTD
Communication Services 0.00% 0.42%
Sold All 😨
(Was: #35)
0.0 -158,450 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UWMC
UWM HOLDINGS CO...
Financial Services 0.00% 0.34%
Sold All 😨
(Was: #36)
0.0 -440,785 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BULL
WEBULL CORP
Technology 0.00% 0.29%
Sold All 😨
(Was: #38)
0.0 -154,370 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TEM
TEMPUS AI INC
Healthcare 0.00% 0.24%
Sold All 😨
(Was: #39)
0.0 -23,095 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IREN
IREN LIMITED
Financial Services 0.00% 0.22%
Sold All 😨
(Was: #41)
0.0 -37,284 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
OPEN
OPENDOOR TECHNO...
Real Estate 0.00% 0.19%
Sold All 😨
(Was: #42)
0.0 -191,248 -100.0%
CLOSED
$— 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 60 holdings

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