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Hidden Lake Asset Management LP

CIK:0001750312
Hedge Fund
$368M AUM
37 holdings
New York, NY, United States
Founded:2018
10 employees
Latest filing:Jun 30, 2025

Hidden Lake Asset Management LP is a hedge fund headquartered in New York, NY, United States. Founded in 2018, the firm manages approximately $368 million in assets as of April 2025 and employs around 10 professionals, the majority of whom are investors. Hidden Lake primarily serves pooled investment vehicles and institutional clients, offering a focused, research-driven approach to public equities.

Investment Strategy

Hidden Lake Asset Management LP pursues a fundamentally-driven, long/short equity investment strategy, primarily targeting opportunities in the public equity markets. The firm manages a concentrated portfolio with a research-intensive approach, seeking value in both growth and special situation equities, and often takes active positions in technology, consumer, and financial sectors. The strategy involves generating alpha through security selection and opportunistic tilts while managing risk via diversification and position sizing.

Latest 13F Filing Activity

Hidden Lake Asset Management LP filed their most recent 13F report on Jun 30, 2025 disclosing 28 equity positions and 9 options positions with a total 13F market value of $367M. The fund increased holdings in Reddit Inc., Affirm HLDGS Inc., Upstart HLDGS Inc. among other positions. Hidden Lake Asset Management LP reduced exposure to Unity Software Inc., Draftkings Inc. New, Jd.com Inc. among others.

Top Buys
R
RDDTREDDIT INC
+$17.5M
A
AFRMAFFIRM HLDGS INC
+$13.6M
U
UPSTUPSTART HLDGS INC
+$10.9M
L
LMNDLEMONADE INC
+$9.2M
A
AVBPARRIVENT BIOPHARMA INC
+$8.5M
Top Sells
U
UUNITY SOFTWARE INC
-$7.7M
D
DKNGDRAFTKINGS INC NEW
-$6.0M
J
JDJD.COM INC
-$5.8M
A
ADIANALOG DEVICES INC
-$2.5M
F
FUTUFUTU HLDGS LTD
-$1.7M

Top Holdings

R
RDDTREDDIT INC
+4.8%$17.5M
A
AFRMAFFIRM HLDGS INC
+4.1%$15.1M
S
SESEA LTD
+3.9%$14.3M
C
CFLTCONFLUENT INC
+3.9%$14.2M
R
RBLXROBLOX CORP
+3.7%$13.7M

Equity Positions (28)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
REDDIT INC4.76%$17.5M116,050$150.57$150.57+$17.5M
AFFIRM HLDGS INC4.12%$15.1M218,969$63.59$69.14+$13.6M
SEA LTD3.90%$14.3M89,680$60.27$159.94-$639.2K
CONFLUENT INC3.85%$14.2M567,677$24.87$24.93+$7.2M
ROBLOX CORP3.73%$13.7M130,090$61.26$105.20+$6.6M

Options Positions (9)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
ISHARES TRNew
Put
$71.2M3,300$215.79$215.79+3,300+$71.2M
INVESCO QQQ TRSold
Put
$38.6M700$551.64$491.09-200-$3.6M
CORE SCIENTIFIC INC NEWNew
Call
$14.8M8,672$17.07$17.07+8,672+$14.8M
REDDIT INCNew
Call
$10.5M700$150.57$150.57+700+$10.5M
ROBINHOOD MKTS INCNew
Call
$9.8M1,050$93.63$93.63+1,050+$9.8M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+8.3%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+7.5%
RETAIL-CATALOG & MAIL-ORDER HOUSES
+6.1%
SERVICES-BUSINESS SERVICES, NEC
+5.1%
FINANCE SERVICES
+1.7%