Dennis Hong's ShawSpring Partners significantly cut its position in Okta Inc. (OKTA) by 58.46% during the second quarter of 2026. According to regulatory filings, the firm's holdings were reduced from 565,040 shares to 234,740. It's important to note that 13F filings are submitted to the SEC quarterly and released with a delay, so this disclosure reflects trades made between March 31 and June 30, 2026.
Despite the large reduction, Okta remained a major holding for the fund, with a portfolio weight of 13.80% at the end of the period, down from 16.62%. The reported value of ShawSpring's remaining stake was approximately $32.03 million. This trade was part of a broader set of portfolio adjustments during the quarter.