Estimated return — disclosed long book
What ShawSpring Partners LLC’s US-listed long positions did, derived from the share counts and market values in consecutive 13F filings, shown against SPY over exactly the same quarters. This is not the fund’s return. A 13F excludes shorts, bonds, cash, non-US listings and derivatives, says nothing about fees or leverage, and only sees positions held at both quarter ends. The fund figure is a price return while SPY is a total return, so the comparison is tilted against the manager by roughly a dividend yield.
Q1 2026
-21.9%
SPY -4.4%▼ -17.6%
By calendar year
| Year | Estimated | SPY | Difference |
|---|---|---|---|
| 2025 | -17.9% | +17.7% | -35.6% |
| 2024 | +41.1% | +24.9% | +16.2% |
| 2023 | +21.9% | +26.2% | -4.3% |
| 20223/4 Q | -58.7% | -14.2% | -44.4% |
| 20213/4 Q | -15.4% | +18.8% | -34.2% |
| 20203/4 Q | +151.9% | +8.5% | +143.3% |
| 2019 | +66.3% | +31.2% | +35.1% |
Years marked n/4 Qare built from fewer than four quarters, and the benchmark shown beside them covers the same partial set — so the difference is like-for-like, but the year is not a full year.