HIDDEN LAKE ASSET MANAGEMENT LP

Thesis

Hidden Lake Asset Management LP, established in 2018 and headquartered in New York, NY, is a Delaware limited partnership registered as an investment adviser. The firm's primary objective is long-term capital appreciation through investments in publicly traded equity securities of global companies. Their strategy is research-driven and fundamentally oriented, focusing on technology, media, telecommunications, consumer, and business services sectors. They conduct intensive research, financial analysis, and company/management visits to identify undervalued and overvalued securities. While the portfolio generally maintains a long-term holding period, short-term positions may also be included. The firm is flexible with investment restrictions and trades a variety of instruments including equities, options, ETFs, warrants, corporate bonds, futures, swaps, and other derivatives. The portfolio is typically market-neutral, with potential for significant long or short net equity exposure, and leverage is expected to be within 300%. As of March 27, 2026, their AUM was $378,263,704, with 99% of assets in hedge funds.