What did Dennis Hong buy in Q1 2025?

Dennis Hong opened 1 new position (VERX) and added to 6 existing holdings in the Q1 2025 13F.

What did Dennis Hong sell in Q1 2025?

Dennis Hong exited 2 positions (IAC, SE) and trimmed 1.

What Dennis Hong bought and sold in Q1 2025

In Q1 2025, Dennis Hong (ShawSpring Partners) opened 1 new position — including VERX (2.4%), added to 6, trimmed 1, exited 2 (IAC, SE). The book stood at $728M across 10 positions, filed May 15, 2025.

1New6Added1Trimmed2Exited

Share𝕏 in

New positions (1)

VERXVertex Inc - Class A2.4% · $17M

Added to (6)

INTUIntuit Inc+95% shares · 14.1% · $102M
NCNONcino Inc+39% shares · 13.8% · $100M
PCORProcore Technologies Inc+20% shares · 13.0% · $95M
CSGPCostar Group Inc+26% shares · 12.5% · $91M
BRZEBraze Inc-a+58% shares · 11.8% · $86M
BLNDBlend Labs Inc-a+26% shares · 4.1% · $30M

Trimmed (1)

HLTHilton Worldwide Holdings IN-43% shares · 5.6% · $41M

Exited (2)

IACIac Incwas 8.5% of book
SESea Ltd-adrwas 4.4% of book

Dennis Hong's other filings

Q1 2026 changes Q4 2025 changes Q3 2025 changes Q2 2025 changes Q4 2024 changes

Dennis Hong's full portfolio →The whole cohort in Q1 2025 →

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.