PaperPanda Fund Terminal
Dennis Hong
ShawSpring Partners LLC · CIK: 1766908 · Report Period: 2025-12-31 · Filed: 2026-02-13
Portfolio Concentration
Top 10 holdings by weight — hover for cross-investor insights
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Holdings
Total: $531,108,073 · 11 positions
| # | Ticker | Issuer | Class | % of Portfolio | Value ($) | Shares | Activity | Share Change |
|---|---|---|---|---|---|---|---|---|
| 1 |
 OKTA
|
OKTA INC | COM | 14.4% | $76,391,143 | 883,441 | REDUCE | -107,045 |
| 2 |
 FOUR
|
SHIFT4 PMTS INC | COM | 13.6% | $72,343,777 | 1,148,861 | REDUCE | -102,513 |
| 3 |
 CSGP
|
COSTAR GROUP INC | COM | 12.1% | $64,386,133 | 957,557 | ADD | +61,523 |
| 4 |
 BABA
|
ALIBABA GROUP HLDG LTD | COM | 10.4% | $55,429,960 | 378,155 | NEW BUY | +378,155 |
| 5 |
 BRZE
|
BRAZE INC | COM | 9.5% | $50,509,341 | 1,473,005 | REDUCE | -375,239 |
| 6 |
 PCOR
|
PROCORE TECHNOLOGIES INC | COM | 9.3% | $49,574,929 | 681,536 | REDUCE | -396,377 |
| 7 |
 MNDY
|
MONDAY COM LTD | COM | 7.1% | $37,474,190 | 253,959 | REDUCE | -120,262 |
| 8 |
 FWONK
|
LIBERTY MEDIA CORP DEL | COM | 6.9% | $36,628,875 | 371,829 | ADD | +154,306 |
| 9 |
 INTU
|
INTUIT | COM | 6.3% | $33,598,605 | 50,721 | REDUCE | -63,648 |
| 10 |
 BLND
|
BLEND LABS INC | COM | 5.2% | $27,433,261 | 9,024,099 | REDUCE | -816,506 |
| 11 |
 AMZN
|
AMAZON COM INC | COM | 5.2% | $27,337,859 | 118,438 | NEW BUY | +118,438 |
Position Changes
8 quarters available
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | MNDY | MONDAY COM LTD | REDUCE | -120,262 | -32.1% | 253,959 | $37,474,190 |
| 2 | FWONK | LIBERTY MEDIA CORP DEL | ADD | +154,306 | +70.9% | 371,829 | $36,628,875 |
| 3 | - | VERTEX INC | SOLD | -1,081,446 | Exit | - | - |
| 4 | FOUR | SHIFT4 PMTS INC | REDUCE | -102,513 | -8.2% | 1,148,861 | $72,343,777 |
| 5 | CSGP | COSTAR GROUP INC | ADD | +61,523 | +6.9% | 957,557 | $64,386,133 |
| 6 | BRZE | BRAZE INC | REDUCE | -375,239 | -20.3% | 1,473,005 | $50,509,341 |
| 7 | - | NCINO INC | SOLD | -1,553,659 | Exit | - | - |
| 8 | OKTA | OKTA INC | REDUCE | -107,045 | -10.8% | 883,441 | $76,391,143 |
| 9 | BLND | BLEND LABS INC | REDUCE | -816,506 | -8.3% | 9,024,099 | $27,433,261 |
| 10 | BABA | ALIBABA GROUP HLDG LTD | NEW BUY | +378,155 | New | 378,155 | $55,429,960 |
| 11 | INTU | INTUIT | REDUCE | -63,648 | -55.7% | 50,721 | $33,598,605 |
| 12 | AMZN | AMAZON COM INC | NEW BUY | +118,438 | New | 118,438 | $27,337,859 |
| 13 | PCOR | PROCORE TECHNOLOGIES INC | REDUCE | -396,377 | -36.8% | 681,536 | $49,574,929 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | MNDY | MONDAY COM LTD | ADD | +93,009 | +33.1% | 374,221 | $72,482,865 |
| 2 | - | VERTEX INC | ADD | +369,001 | +51.8% | 1,081,446 | $26,809,046 |
| 3 | FWONK | LIBERTY MEDIA CORP DEL | NEW BUY | +217,523 | New | 217,523 | $22,720,277 |
| 4 | FOUR | SHIFT4 PMTS INC | ADD | +472,652 | +60.7% | 1,251,374 | $96,856,348 |
| 5 | CSGP | COSTAR GROUP INC | REDUCE | -460,026 | -33.9% | 896,034 | $75,598,389 |
| 6 | BRZE | BRAZE INC | REDUCE | -671,356 | -26.6% | 1,848,244 | $52,564,059 |
| 7 | - | NCINO INC | REDUCE | -1,334,107 | -46.2% | 1,553,659 | $42,119,695 |
| 8 | OKTA | OKTA INC | ADD | +36,193 | +3.8% | 990,486 | $90,827,566 |
| 9 | BLND | BLEND LABS INC | ADD | +929,566 | +10.4% | 9,840,605 | $35,918,208 |
| 10 | INTU | INTUIT | REDUCE | -24,454 | -17.6% | 114,369 | $78,103,734 |
| 11 | PCOR | PROCORE TECHNOLOGIES INC | REDUCE | -483,700 | -31.0% | 1,077,913 | $78,601,416 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | MNDY | MONDAY COM LTD | REDUCE | -97,499 | -25.7% | 281,212 | $88,435,550 |
| 2 | - | VERTEX INC | ADD | +222,283 | +45.3% | 712,445 | $25,174,244 |
| 3 | FOUR | SHIFT4 PMTS INC | REDUCE | -120,152 | -13.4% | 778,722 | $77,179,137 |
| 4 | - | HILTON WORLDWIDE HLDGS INC | SOLD | -179,612 | Exit | - | - |
| 5 | CSGP | COSTAR GROUP INC | ADD | +207,758 | +18.1% | 1,356,060 | $109,027,224 |
| 6 | - | NCINO INC | REDUCE | -764,152 | -20.9% | 2,887,766 | $80,770,815 |
| 7 | BRZE | BRAZE INC | ADD | +146,214 | +6.2% | 2,519,600 | $70,800,760 |
| 8 | OKTA | OKTA INC | NEW BUY | +954,293 | New | 954,293 | $95,400,671 |
| 9 | INTU | INTUIT | REDUCE | -28,113 | -16.8% | 138,823 | $109,341,159 |
| 10 | PCOR | PROCORE TECHNOLOGIES INC | ADD | +124,282 | +8.6% | 1,561,613 | $106,845,561 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | MNDY | MONDAY COM LTD | REDUCE | -1 | -0.0% | 378,711 | $92,087,367 |
| 2 | - | VERTEX INC | NEW BUY | +490,162 | New | 490,162 | $17,160,572 |
| 3 | FOUR | SHIFT4 PMTS INC | REDUCE | -70,874 | -7.3% | 898,874 | $73,446,995 |
| 4 | - | HILTON WORLDWIDE HLDGS INC | REDUCE | -134,825 | -42.9% | 179,612 | $40,870,711 |
| 5 | CSGP | COSTAR GROUP INC | ADD | +238,499 | +26.2% | 1,148,302 | $90,979,967 |
| 6 | - | IAC INC | SOLD | -1,490,081 | Exit | - | - |
| 7 | - | NCINO INC | ADD | +1,023,062 | +38.9% | 3,651,918 | $100,318,187 |
| 8 | BRZE | BRAZE INC | ADD | +872,973 | +58.2% | 2,373,386 | $85,631,767 |
| 9 | BLND | BLEND LABS INC | ADD | +1,831,874 | +25.9% | 8,911,039 | $29,851,981 |
| 10 | - | SEA LTD | SOLD | -315,538 | Exit | - | - |
| 11 | INTU | INTUIT | ADD | +81,208 | +94.7% | 166,936 | $102,497,035 |
| 12 | PCOR | PROCORE TECHNOLOGIES INC | ADD | +240,132 | +20.1% | 1,437,331 | $94,892,593 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | MNDY | MONDAY COM LTD | ADD | +28,182 | +8.0% | 378,712 | $89,163,953 |
| 2 | FOUR | SHIFT4 PMTS INC | REDUCE | -350,131 | -26.5% | 969,748 | $100,640,447 |
| 3 | - | HILTON WORLDWIDE HLDGS INC | ADD | +25,017 | +8.6% | 314,437 | $77,716,249 |
| 4 | CSGP | COSTAR GROUP INC | NEW BUY | +909,803 | New | 909,803 | $65,132,797 |
| 5 | - | IAC INC | REDUCE | -89,847 | -5.7% | 1,490,081 | $64,282,094 |
| 6 | - | NCINO INC | REDUCE | -24,831 | -0.9% | 2,628,856 | $88,276,984 |
| 7 | BRZE | BRAZE INC | NEW BUY | +1,500,413 | New | 1,500,413 | $62,837,296 |
| 8 | - | COUPANG INC | SOLD | -2,963,346 | Exit | - | - |
| 9 | BLND | BLEND LABS INC | ADD | +449,175 | +6.8% | 7,079,165 | $29,803,285 |
| 10 | - | SEA LTD | REDUCE | -627,641 | -66.5% | 315,538 | $33,478,582 |
| 11 | INTU | INTUIT | REDUCE | -21,224 | -19.8% | 85,728 | $53,880,048 |
| 12 | PCOR | PROCORE TECHNOLOGIES INC | REDUCE | -240,883 | -16.8% | 1,197,199 | $89,706,121 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | MNDY | MONDAY COM LTD | REDUCE | -64,088 | -15.5% | 350,530 | $97,366,718 |
| 2 | FOUR | SHIFT4 PMTS INC | REDUCE | -82,554 | -5.9% | 1,319,879 | $116,941,279 |
| 3 | - | HILTON WORLDWIDE HLDGS INC | REDUCE | -169,001 | -36.9% | 289,420 | $66,711,310 |
| 4 | - | IAC INC | REDUCE | -765,407 | -32.6% | 1,579,928 | $85,031,725 |
| 5 | - | NCINO INC | ADD | +1,424,349 | +115.9% | 2,653,687 | $83,829,972 |
| 6 | - | COUPANG INC | REDUCE | -247,113 | -7.7% | 2,963,346 | $72,750,144 |
| 7 | BLND | BLEND LABS INC | REDUCE | -86,154 | -1.3% | 6,629,990 | $24,862,463 |
| 8 | - | SEA LTD | ADD | +94,382 | +11.1% | 943,179 | $88,922,916 |
| 9 | INTU | INTUIT | REDUCE | -18,225 | -14.6% | 106,952 | $66,417,192 |
| 10 | PCOR | PROCORE TECHNOLOGIES INC | ADD | +1,195,675 | +493.3% | 1,438,082 | $88,758,421 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | IAC INC | REDUCE | -741,531 | -24.0% | 2,345,335 | $109,878,945 |
| 2 | - | NCINO INC | NEW BUY | +1,229,338 | New | 1,229,338 | $38,662,680 |
| 3 | MNDY | MONDAY COM LTD | REDUCE | -21,278 | -4.9% | 414,618 | $99,823,430 |
| 4 | INTU | INTUIT | REDUCE | -5,992 | -4.6% | 125,177 | $82,267,576 |
| 5 | - | COUPANG INC | REDUCE | -1,725,574 | -35.0% | 3,210,459 | $67,259,116 |
| 6 | BLND | BLEND LABS INC | ADD | +2,485,283 | +58.7% | 6,716,144 | $15,850,100 |
| 7 | - | SEA LTD | REDUCE | -1,041,510 | -55.1% | 848,797 | $60,621,082 |
| 8 | FOUR | SHIFT4 PMTS INC | REDUCE | -193,988 | -12.2% | 1,402,433 | $102,868,461 |
| 9 | - | HILTON WORLDWIDE HLDGS INC | REDUCE | -112,288 | -19.7% | 458,421 | $100,027,462 |
| 10 | PCOR | PROCORE TECHNOLOGIES INC | NEW BUY | +242,407 | New | 242,407 | $16,074,008 |
| # | Ticker | Issuer | Action | Share Change | % Change | Shares Held | Value ($) |
|---|---|---|---|---|---|---|---|
| 1 | - | IAC INC | REDUCE | -499,739 | -13.9% | 3,086,866 | $164,653,432 |
| 2 | MNDY | MONDAY COM LTD | NEW BUY | +435,896 | New | 435,896 | $98,455,830 |
| 3 | - | COUPANG INC | REDUCE | -1,375,159 | -21.8% | 4,936,033 | $87,812,027 |
| 4 | INTU | INTUIT | REDUCE | -16,408 | -11.1% | 131,169 | $85,259,850 |
| 5 | BLND | BLEND LABS INC | ADD | +230,092 | +5.8% | 4,230,861 | $13,750,298 |
| 6 | - | SEA LTD | REDUCE | -815,007 | -30.1% | 1,890,307 | $101,528,389 |
| 7 | FOUR | SHIFT4 PMTS INC | NEW BUY | +1,596,421 | New | 1,596,421 | $105,475,535 |
| 8 | - | HILTON WORLDWIDE HLDGS INC | REDUCE | -17,513 | -3.0% | 570,709 | $121,737,937 |
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