13F filing recap · Q1 2025

What did ShawSpring Partners buy in Q1 2025?

Reported stock-position changes between this filing and the previous one.

Stock value

$727.74M

Positions

Estimated turnover

40.7%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

ShawSpring Partners opened a new position in Vertex, Inc. and exited Iac Inc. and Sea Limited. The firm substantially increased its stakes in Intuit, Ncino, and Braze, while moderately adding to Procore Technologies, Costar Group, and Blend Labs. It substantially trimmed Hilton Worldwide Holdings, slightly reduced Shift4 Payments, and made a negligible decrease in Monday.com.

New positions

VERXVertex, Inc.$17.16Mreported value+490.2K shares

Increased positions

INTUIntuit Inc.$102.50Mreported value+81.2K shares+94.7%NCNONcino, Inc.$100.32Mreported value+1.02M shares+38.9%PCORProcore Technologies, Inc.$94.89Mreported value+240.1K shares+20.1%CSGPCostar Group, Inc.$90.98Mreported value+238.5K shares

Reduced positions

MNDYMonday.com Ltd.$92.09Mreported value-1 shares-0.0%FOURShift4 Payments, Inc.$73.45Mreported value-70.9K shares-7.3%HLTHilton Worldwide Holdings Inc.$40.87Mreported value-134.8K shares-42.9%

Exited positions

PPLIIac Inc.$64.28Mprior reported value-1.49M shares-100.0%SESea Limited$33.48Mprior reported value-315.5K shares-100.0%