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ShawSpring Partners In Q2 2026, ShawSpring Partners held 11 US-listed stocks worth $232m. Its biggest move was buying Crane Company (now 7.8% of the portfolio), followed by buying Microsoft (now 7.3% of the portfolio). It started 2 new positions and sold out of 3. Its largest holding is Alibaba Group Holding at 17%.
Source: SEC Form 13F for Q2 2026, filed 14 Aug 2026. How we use them
Latest 13F
Q2 2026
Filed 14 Aug 2026
US holdings
$232m
11 companies
See holdings
Q3 2026 13F due
24 days
Expected Fri 13 Nov
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Holdings What changed Over time Look-through Sectors Value over time
What changed in Q2 2026 Against Q1 2026, by number of shares and adjusted for splits. Up to five of each, largest first; the full list is below.
US holdings from the 13F Q2 2026, filed 14 Aug 2026 (filing ): 2 new, 4 added to, 5 trimmed, 3 sold out. Select a row to see it over time. How this works Changes compare share counts with Q1 2026, adjusted for stock splits. Share classes of the same company are combined. Values are at quarter-end prices.
13F holdings with change from the previous quarter Company Value Shares Portfolio Change Q1 2026 Alibaba Group Holding BABA $39.3m 409,153 16.9%$39.3m ▲ Added +41%13.6% Amazon.com AMZN $37.4m 157,020 16.1%$37.4m ▼ Trimmed -16%14.5% Okta OKTA $32.0m 234,744 13.8%$32.0m ▼ Trimmed -58%16.6% Zscaler ZS $23.6m 167,305 10.2%$23.6m ▼ Trimmed -16%10.5% Crane Company CR $18.2m 81,370 7.8%$18.2m ▲ New– Microsoft MSFT $17.0m 45,495 7.3%$17.0m ▲ New– Liberty Media FWONA $16.3m 170,806 7.0%$16.3m ▼ Trimmed -16%6.5% Coupang CPNG $16.0m 920,068 6.9%$16.0m ▲ Added +1.5%6.4% Braze BRZE $13.9m 641,194 6.0%$13.9m ▼ Trimmed -42%9.8% GDS Holdings GDS $11.4m 380,078 4.9%$11.4m ▲ Added +71%3.3% Constellation Energy CEG $7.1m 28,451 3.0%$7.1m ▲ Added +23%2.4% Intuit INTU – – – ▼ Sold out6.6% CoStar Group CSGP – – – ▼ Sold out5.1% Procore Technologies PCOR – – – ▼ Sold out4.6%
Show all 14 Download the Q2 2026 holdings: CSV · JSON · Markdown
How the portfolio has changed Each bar is one 13F. Select a bar or press play to see that quarter’s 12 largest positions. How this works Bars are split by share of the US portfolio: the six biggest holdings over the period in colour, everything else in grey. The last eight quarters are shown in full, earlier years at year end.
2018 · Everything else: 100.0% 2019 · Sea: 40.0% 2019 · Everything else: 60.0% 2020 · IAC: 27.4% 2020 · Sea: 35.3% 2020 · Everything else: 37.3% 2021 · IAC: 60.4% 2021 · Sea: 25.6% 2021 · Everything else: 13.9% 2022 · IAC: 28.4% 2022 · Sea: 22.6% 2022 · Intuit: 12.1% 2022 · Everything else: 36.9% 2023 · IAC: 30.8% 2023 · Sea: 18.0% 2023 · Intuit: 15.1% 2023 · Everything else: 36.0% Q3 ’24 · IAC: 10.7% Q3 ’24 · Sea: 11.2% Q3 ’24 · Intuit: 8.4% Q3 ’24 · Shift4 Payments: 14.8% Q3 ’24 · Procore Technologies: 11.2% Q3 ’24 · Everything else: 43.7% Q4 ’24 · IAC: 8.5% Q4 ’24 · Sea: 4.4% Q4 ’24 · Intuit: 7.1% Q4 ’24 · Shift4 Payments: 13.3% Q4 ’24 · Procore Technologies: 11.9% Q4 ’24 · Everything else: 54.7% Q1 ’25 · Intuit: 14.1% Q1 ’25 · Shift4 Payments: 10.1% Q1 ’25 · Procore Technologies: 13.0% Q1 ’25 · Everything else: 62.8% Q2 ’25 · Intuit: 13.8% Q2 ’25 · Shift4 Payments: 9.7% Q2 ’25 · Procore Technologies: 13.5% Q2 ’25 · Okta: 12.0% Q2 ’25 · Everything else: 50.9% Q3 ’25 · Intuit: 11.6% Q3 ’25 · Shift4 Payments: 14.4% Q3 ’25 · Procore Technologies: 11.7% Q3 ’25 · Okta: 13.5% Q3 ’25 · Everything else: 48.8% Q4 ’25 · Intuit: 6.3% Q4 ’25 · Shift4 Payments: 13.6% Q4 ’25 · Procore Technologies: 9.3% Q4 ’25 · Okta: 14.4% Q4 ’25 · Everything else: 56.3% Q1 ’26 · Intuit: 6.6% Q1 ’26 · Procore Technologies: 4.6% Q1 ’26 · Okta: 16.6% Q1 ’26 · Everything else: 72.2% Q2 ’26 · Okta: 13.8% Q2 ’26 · Everything else: 86.2%
2019
2021
2023
Q4 ’24
Q2 ’25
Q4 ’25
Q2 ’26
2018: IAC 0.0%, Sea 0.0%, Intuit 0.0%, Shift4 Payments 0.0%, Procore Technologies 0.0%, Okta 0.0%; 2019: IAC 0.0%, Sea 40.0%, Intuit 0.0%, Shift4 Payments 0.0%, Procore Technologies 0.0%, Okta 0.0%; 2020: IAC 27.4%, Sea 35.3%, Intuit 0.0%, Shift4 Payments 0.0%, Procore Technologies 0.0%, Okta 0.0%; 2021: IAC 60.4%, Sea 25.6%, Intuit 0.0%, Shift4 Payments 0.0%, Procore Technologies 0.0%, Okta 0.0%; 2022: IAC 28.4%, Sea 22.6%, Intuit 12.1%, Shift4 Payments 0.0%, Procore Technologies 0.0%, Okta 0.0%; 2023: IAC 30.8%, Sea 18.0%, Intuit 15.1%, Shift4 Payments 0.0%, Procore Technologies 0.0%, Okta 0.0%; Q3 ’24: IAC 10.7%, Sea 11.2%, Intuit 8.4%, Shift4 Payments 14.8%, Procore Technologies 11.2%, Okta 0.0%; Q4 ’24: IAC 8.5%, Sea 4.4%, Intuit 7.1%, Shift4 Payments 13.3%, Procore Technologies 11.9%, Okta 0.0%; Q1 ’25: IAC 0.0%, Sea 0.0%, Intuit 14.1%, Shift4 Payments 10.1%, Procore Technologies 13.0%, Okta 0.0%; Q2 ’25: IAC 0.0%, Sea 0.0%, Intuit 13.8%, Shift4 Payments 9.7%, Procore Technologies 13.5%, Okta 12.0%; Q3 ’25: IAC 0.0%, Sea 0.0%, Intuit 11.6%, Shift4 Payments 14.4%, Procore Technologies 11.7%, Okta 13.5%; Q4 ’25: IAC 0.0%, Sea 0.0%, Intuit 6.3%, Shift4 Payments 13.6%, Procore Technologies 9.3%, Okta 14.4%; Q1 ’26: IAC 0.0%, Sea 0.0%, Intuit 6.6%, Shift4 Payments 0.0%, Procore Technologies 4.6%, Okta 16.6%; Q2 ’26: IAC 0.0%, Sea 0.0%, Intuit 0.0%, Shift4 Payments 0.0%, Procore Technologies 0.0%, Okta 13.8% ▶ Play Q2 2026
Alibaba Group Holding 16.9% Amazon.com 16.1% Okta 13.8% Zscaler 10.2% Crane Company 7.8% Microsoft 7.3% Liberty Media 7.0% Coupang 6.9% Braze 6.0% GDS Holdings 4.9% Constellation Energy 3.0% Q4 2018 Q2 2026
Look-through earnings ShawSpring Partners’s share of the profits of the US companies it holds. How this works Look-through earnings, Q2 2026
$2.8m
Last 12 months, holdings with SEC financials
Price paid for those earnings
59.3×
Value of those holdings ÷ their earnings
Earnings per share growth
+45.5%
Same holdings, against a year earlier
Portfolio covered
71%
Of the 13F value
By year Rolling 12 months
Q3 2020: $2.1m Q4 2020: $6.4m Q1 2021: $5.3m Q2 2021: $4.1m Q3 2021: $1.8m Q4 2021: $234k Q4 2022: $944k Q1 2023: $22.5m Q4 2023: $18.3m Q1 2024: $3.3m Q1 2025: $1.0m Q1 2026: $903k Q2 2026: $1.0m $8.3m 2020
$11.5m 2021
−$40.4m 2022
$22.3m 2023
−$7.0m 2024
$24k 2025
$1.9m 2026*
2020: $8.3m; 2021: $11.5m; 2022: −$40.4m; 2023: $22.3m; 2024: −$7.0m; 2025: $24k; 2026 (2 quarters): $1.9m
Holdings behind Q2 2026 (latest) Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Q1 2022 Q4 2021 Q3 2021
Look-through earnings by holding, Q2 2026 Company Owns Company profit Their share, 12 months That quarter▼ EPS growth Amazon.com AMZN 0.00% $135bn $1.9m $902k +89.8% Microsoft MSFT 0.00% $134bn $817k $219k +31.6% Okta OKTA 0.1% $296m $389k $152k – Crane Company CR 0.1% $336m $466k $133k -4.8% Constellation Energy CEG 0.01% $3.5bn $274k $41k +0.4% Zscaler ZS 0.1% −$63.2m −$66k −$4k – Braze BRZE 0.6% −$113m −$652k −$109k – Coupang CPNG 0.05% −$767m −$392k −$292k -316.7%
Net income is as reported (GAAP), so it includes one-off items and, for some companies, gains or losses on investments they hold. Companies that report under IFRS (most non-US companies) or whose shares we can’t match reliably are left out; “portfolio covered” shows how much is included. Look-through earnings explained . Growth compares earnings per share over the last 12 months with the 12 months a year earlier, for holdings profitable in both.
US holdings by sector Technology 42.2% Consumer discretionary 39.9% Industrials 7.8% Communication and media 7.0% Utilities 3.0% Sectors are grouped from each company’s SEC industry code, as a share of the Q2 2026 13F.
US portfolio value by quarter $597m Q3 ’23
$609m Q4 ’23
$779m Q1 ’24
$693m Q2 ’24
$792m Q3 ’24
$755m Q4 ’24
$728m Q1 ’25
$792m Q2 ’25
$673m Q3 ’25
$531m Q4 ’25
$268m Q1 ’26
$232m Q2 ’26
Q3 ’23: $597m; Q4 ’23: $609m; Q1 ’24: $779m; Q2 ’24: $693m; Q3 ’24: $792m; Q4 ’24: $755m; Q1 ’25: $728m; Q2 ’25: $792m; Q3 ’25: $673m; Q4 ’25: $531m; Q1 ’26: $268m; Q2 ’26: $232m From each quarter’s 13F. Changes reflect both trading and share-price moves.