In a recent 13F filing, Dennis Hong's ShawSpring Partners revealed it had liquidated its entire position in financial software company Intuit. The filing, which reflects holdings as of June 30, 2026, showed the sale of all 40,940 shares, previously valued at approximately $17.70 million. This holding had accounted for a significant 6.61% of ShawSpring's reported portfolio.
Investors should note that 13F filings are submitted to the SEC up to 45 days after the end of a quarter, so this disclosure reflects a decision made sometime between April 1 and June 30, 2026. During that period, Intuit reported second-quarter earnings that beat revenue expectations but offered guidance for the next quarter that was slightly below analyst estimates. ShawSpring Partners is known for its concentrated investment strategy, focusing on a select number of high-quality businesses.