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Hidden Lake Asset Management LP

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13F filer, CIK 1750312, NEW YORK, NY

Hidden Lake Asset Management LP reported $367,385,545 across 37 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 63.19% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000728083-25-000009

Period
2025-06-30
Reported value
$367M
Holdings
37
Top 10 weight
63.19%
New
23
Sold out
14

Largest buys vs the previous quarter

SecurityShares changeApprox. value
RDDTnew+116,050$17.5M
AFRMadded+185,889$12.9M
UPSTadded+160,283$10.4M
LMNDnew+211,070$9.25M
FSLRnew+48,905$8.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
Uexited-391,540-$7.67M
DKNGexited-179,248-$5.95M
JDexited-141,430-$5.82M
SNOWreduced-23,005-$5.15M
GTLBexited-105,283-$4.95M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0000728083-25-000009, largest first. % of portfolio is the value over $203,473,441, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
RDDTREDDIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 74,610 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 116,050 shares 116,050$17.5M8.59%newTimeline
AFRMAFFIRM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 228,849 shares; 2024Q4: 50,341 shares; 2025Q1: 33,080 shares; 2025Q2: 218,969 shares 218,969$15.1M7.44%+185,889Timeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 150,463 shares; 2024Q4: 127,013 shares; 2025Q1: 114,818 shares; 2025Q2: 89,680 shares 89,680$14.3M7.05%-25,138Timeline
CFLTCONFLUENT INC-CLASS AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 89,830 shares; 2025Q1: 295,661 shares; 2025Q2: 567,677 shares 567,677$14.2M6.96%+272,016Timeline
RBLXROBLOX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 128,360 shares; 2024Q4: not reported; 2025Q1: 121,853 shares; 2025Q2: 130,090 shares 130,090$13.7M6.73%+8,237Timeline
AVBPARRIVENT BIOPHARMA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 184,605 shares; 2025Q1: 254,371 shares; 2025Q2: 606,851 shares 606,851$13.2M6.49%+352,480Timeline
UPSTUPSTART HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 78,260 shares; 2024Q4: 161,830 shares; 2025Q1: 27,062 shares; 2025Q2: 187,345 shares 187,345$12.1M5.96%+160,283Timeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 59,550 shares; 2025Q2: 90,175 shares 90,175$11.1M5.46%+30,625Timeline
LMNDLEMONADE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 211,070 shares 211,070$9.25M4.54%newTimeline
FSLRFIRST SOLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 48,905 shares 48,905$8.1M3.98%newTimeline
ARMARM HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 46,620 shares 46,620$7.54M3.71%newTimeline
CORZCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 512,040 shares; 2024Q4: 431,700 shares; 2025Q1: 538,366 shares; 2025Q2: 434,554 shares 434,554$7.42M3.65%-103,812Timeline
SNOWSNOWFLAKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 56,085 shares; 2025Q2: 33,080 shares 33,080$7.4M3.64%-23,005Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 12,020 shares 12,020$5.98M2.94%newTimeline
RIOTRIOT PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 512,210 shares 512,210$5.79M2.84%newTimeline
GDSGDS HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 293,994 shares; 2024Q4: 263,274 shares; 2025Q1: 84,090 shares; 2025Q2: 176,690 shares 176,690$5.4M2.65%+92,600Timeline
COINCOINBASE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 14,365 shares 14,365$5.03M2.47%newTimeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 35,690 shares; 2025Q2: 82,025 shares 82,025$4.78M2.35%+46,335Timeline
IRENIREN LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 291,150 shares 291,150$4.24M2.08%newTimeline
WWAYFAIR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 74,474 shares 74,474$3.81M1.87%newTimeline
AMDADVANCED MICRO DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 24,990 shares 24,990$3.55M1.74%newTimeline
HOODROBINHOOD MKTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 242,510 shares; 2025Q1: 26,854 shares; 2025Q2: 36,749 shares 36,749$3.44M1.69%+9,895Timeline
TEMTEMPUS AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 38,410 shares 38,410$2.44M1.2%newTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,980 shares; 2024Q4: 27,450 shares; 2025Q1: 16,540 shares; 2025Q2: 9,965 shares 9,965$2.26M1.11%-6,575Timeline
RKLBROCKET LAB CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 47,788 shares 47,788$1.71M0.84%newTimeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 9,830 shares 9,830$1.55M0.76%newTimeline
TRUPTRUPANION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 26,126 shares 26,126$1.45M0.71%newTimeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 99,370 shares 99,370$1.1M0.54%new

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
IWMISHARES TR SHSput330,000$71.2Mnew
QQQINVESCO QQQ TR COMput70,000$38.6M-20,000
CORZCORE SCIENTIFIC INC NEW COMcall867,200$14.8Mnew
RDDTREDDIT INC Stockcall70,000$10.5Mnew
HOODROBINHOOD MKTS INC COMcall105,000$9.83Mnew
RKLBROCKET LAB CORP STOKcall150,000$5.37Mnew
RIOTRIOT PLATFORMS INC COMcall460,000$5.2Mnew
LMNDLEMONADE INC STOKcall115,000$5.04Mnew
FSLRFIRST SOLAR INC Stockcall20,000$3.31Mnew

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
UUNITY SOFTWARE INC391,540$7.67Mshares
NUNU HLDGS LTD650,000$6.66Mcall
DKNGDRAFTKINGS INC NEW179,248$5.95Mshares
JDJD.COM INC141,430$5.82Mshares
GTLBGITLAB INC105,283$4.95Mshares
BIDUBAIDU INC47,500$4.37Mcall
HUTHUT 8 CORP282,829$3.29Mshares
NUNU HLDGS LTD307,680$3.15Mshares
ADIANALOG DEVICES INC12,250$2.47Mshares
FUTUFUTU HLDGS LTD16,550$1.69Mshares
TALTAL ED GROUP109,960$1.45Mshares
KPLTKATAPULT HOLDINGS INC123,566$1.26Mshares
APIAGORA INC307,281$1.24Mshares
WULFTERAWULF INC304,549$831Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000728083-25-000009 base2025-08-14acceptance time not in the bulk data set