Hidden Lake Asset Management LP
Hidden Lake Asset Management LP reported 15 US-listed holdings worth $146.7 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Advanced Micro Devices Inc. (13.3%), Seagate Technology Holdings plc (11.1%) and Applied Materials Inc. (9.6%). Against the quarter before, it opened 11 positions, added to 1, trimmed 3 and sold out of 16.
The 14 largest of its 15 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +89.3% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 11
- Seagate Technology Holdings plc STX$16.3 million
- Snowflake Inc. SNOW$13.4 million
- Micron Technology Inc. MU$10.0 million
- Upstart Hldgs Inc. UPST$10.0 million
- TTM Technologies Inc. TTMI$7.4 million
- ASML Holding N.V. ASML$6.7 million
- Astera Labs Inc. ALAB$6.4 million
- Nokia Corporation NOK$6.2 million
and 3 more in the table below
Added to 1
- Applied Materials Inc. AMAT+7,530 shares · +63%
Trimmed 3
- Advanced Micro Devices Inc. AMD-23,416 shares · -41%
- Unity Software Inc. U-274,969 shares · -42%
- STMicroelectronics N.V. STM-18,507 shares · -10%
Sold out of 16
- Wayfair Inc. W$16.6 million last quarter
- Equinix Inc. EQIX$14.1 million last quarter
- 21VIANET Group Inc. VNET$11.1 million last quarter
- Akamai Technologies Inc. AKAM$8.5 million last quarter
- Zoom Video Communications in ZM$7.8 million last quarter
- Teradyne, Inc. TER$7.7 million last quarter
- Sea Limited SE$7.6 million last quarter
- Tower Semiconductor Ltd TSEM$7.1 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Advanced Micro Devices Inc. AMD | 33.6K | $19.5 million | 13.30% | -23.4K |
| Seagate Technology Holdings plc STX | 16.9K | $16.3 million | 11.10% | new |
| Applied Materials Inc. AMAT | 19.4K | $14.0 million | 9.56% | +7.5K |
| Snowflake Inc. SNOW | 52.8K | $13.4 million | 9.15% | new |
| STMicroelectronics N.V. STM | 173.2K | $13.0 million | 8.84% | -18.5K |
| Unity Software Inc. U | 386.4K | $11.0 million | 7.53% | -275.0K |
| Micron Technology Inc. MU | 8.7K | $10.0 million | 6.83% | new |
| Upstart Hldgs Inc. UPST | 281.6K | $10.0 million | 6.80% | new |
| TTM Technologies Inc. TTMI | 39.8K | $7.4 million | 5.07% | new |
| ASML Holding N.V. ASML | 3.4K | $6.7 million | 4.54% | new |
| Astera Labs Inc. ALAB | 13.3K | $6.4 million | 4.38% | new |
| Nokia Corporation NOK | 469.0K | $6.2 million | 4.24% | new |
| Intel Corp. INTC | 34.9K | $4.9 million | 3.32% | new |
| AerCap Holdings N.V. AER | 27.2K | $4.0 million | 2.70% | new |
| Alibaba Group Holding Limited BABA | 40.1K | $3.8 million | 2.62% | new |
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Change is shares against its 13F for the quarter before; the 16 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| iShares Trust SOXX | Puts | 115.0K | $73.7 million |
| Invesco QQQ Trust QQQ | Puts | 48.0K | $35.3 million |
| KraneShares Trust KWEB | Calls | 1.0M | $25.4 million |
| iShares Trust IGV | Calls | 200.0K | $18.1 million |
| United Airlines Holdings, Inc. UAL | Calls | 103.5K | $14.1 million |
| iShares Inc. EWZ | Calls | 275.0K | $9.5 million |
| Pinterest, Inc. PINS | Calls | 175.0K | $3.7 million |
| Reddit, Inc. RDDT | Calls | 16.5K | $2.9 million |
| Draftkings Inc. New DKNG | Calls | 110.0K | $2.8 million |
9 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.