BRIGHTLIGHT CAPITAL MANAGEMENT LP
Long book
$101.4M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+13.4%
SPY +14.8%
Turnover
30%
of book per quarter
Strategy in plain words
auto-generated from filingsBRIGHTLIGHT CAPITAL MANAGEMENT LP is a concentrated fundamental stock-picker, running a $101.4M US long book across 8 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: CARVANA CO, ARCOS DORADOS HOLDINGS INC-A, JSC KASPI.KZ ADR, HNI CORP, ACADIAN ASSET MANAGEMENT INC.
Over the last 9 quarters its long book ran on average 0.5pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+10.3%
Q2 2024
+2.7%
Q3 2024
-1.1%
Q4 2024
-4.1%
Q1 2025
+23.7%
Q2 2025
+5.5%
Q3 2025
+2.8%
Q4 2025
-8.1%
Q1 2026
+13.4%
Sector allocation
Consumer discretionary 75%
Other 12%
Financials 7%
Industrials 3%
Services media 2%
Long book by quarter
What does BRIGHTLIGHT CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CVNA CARVANA CO | Consumer discretionary | 89.3K | $28.1M | 27.7% | -3.8% |
| ARCO ARCOS DORADOS HOLDINGS INC-A | Consumer discretionary | 3.3M | $27.5M | 27.1% | -3.8% |
| HNI HNI CORP | Other | 262.9K | $8.8M | 8.7% | New |
| AAMI ACADIAN ASSET MANAGEMENT INC | Financials | 100.2K | $5.5M | 5.4% | -7.1% |
| PAL PROFICIENT AUTO LOGISTICS IN | Industrials | 288.7K | $2.0M | 1.9% | -19.5% |
| HGV HILTON GRAND VACATIONS INC | Services media | 45.8K | $1.8M | 1.8% | -84.9% |
| SNBRQ SLEEP NUMBER CORP | Other | 179.4K | $322K | 0.3% | -25.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 8 | $101.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 9 | $140.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 10 | $165.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 10 | $181.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 9 | $148.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 8 | $136.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 13 | $207.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 12 | $187.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 12 | $176.9M | canonical | SEC ↗ |
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