LIGHT STREET CAPITAL MANAGEMENT, LLC
Long book
$497.3M
Q1 2026
Positions
23
Top-10 weight
77%
concentration
Last quarter
+41.5%
SPY +14.8%
Turnover
38%
of book per quarter
Strategy in plain words
auto-generated from filingsLIGHT STREET CAPITAL MANAGEMENT, LLC is a concentrated fundamental stock-picker, specialised in technology (79% of the long book), running a $497.3M US long book across 23 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: TAIWAN SEMICONDUCTOR-SP ADR, NVIDIA CORP, BROADCOM INC, ADVANCED MICRO DEVICES, CHIME FINANCIAL INC-CL A.
Over the last 9 quarters its long book ran on average 4.7pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+8.4%
Q2 2024
-2.1%
Q3 2024
+17.0%
Q4 2024
-15.5%
Q1 2025
+27.5%
Q2 2025
+12.6%
Q3 2025
+7.3%
Q4 2025
-13.6%
Q1 2026
+41.5%
Sector allocation
Technology 75%
Consumer discretionary 11%
Financials 9%
Industrials 5%
Long book by quarter
What does LIGHT STREET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 272.2K | $47.5M | 9.5% | -19.9% |
| AVGO BROADCOM INC | Technology | 149.8K | $46.4M | 9.3% | +4.2% |
| AMD ADVANCED MICRO DEVICES | Technology | 219.3K | $44.6M | 9.0% | -0.1% |
| CHYM CHIME FINANCIAL INC-CL A | Financials | 2.1M | $38.9M | 7.8% | -23.3% |
| MKSI MKS INC | Technology | 122.3K | $28.1M | 5.6% | +524.4% |
| FROG JFROG LTD | Technology | 575.0K | $27.0M | 5.4% | +24.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 124.8K | $26.0M | 5.2% | +79.6% |
| GTLB GITLAB INC-CL A | Technology | 1.2M | $25.3M | 5.1% | +10.4% |
| BILL BILL HOLDINGS INC | Technology | 625.0K | $23.9M | 4.8% | -28.8% |
| CPNG COUPANG INC | Consumer discretionary | 1.1M | $19.9M | 4.0% | New |
| AMKR AMKOR TECHNOLOGY INC | Technology | 407.0K | $18.3M | 3.7% | +41.4% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 10.9K | $14.5M | 2.9% | -0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 42.5K | $12.2M | 2.5% | -68.4% |
| IOT SAMSARA INC-CL A | Technology | 384.0K | $12.2M | 2.4% | New |
| CLBT CELLEBRITE DI LTD | Technology | 640.9K | $8.8M | 1.8% | +30.1% |
| BE BLOOM ENERGY CORP- A | Industrials | 50.6K | $6.9M | 1.4% | New |
| NXPI NXP SEMICONDUCTORS NV | Technology | 25.5K | $5.0M | 1.0% | +2.3% |
| DDOG DATADOG INC - CLASS A | Technology | 40.0K | $4.7M | 0.9% | New |
| ADI ANALOG DEVICES INC | Technology | 10.5K | $3.3M | 0.7% | +3.4% |
| LITE LUMENTUM HOLDINGS INC | Technology | 2.9K | $2.0M | 0.4% | New |
| AMPL AMPLITUDE INC-CLASS A | Technology | 292.8K | $2.0M | 0.4% | -80.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 24 | $534.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 24 | $649.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 27 | $594.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 26 | $489.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 21 | $358.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 30 | $544.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 22 | $422.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 26 | $435.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 22 | $413.5M | canonical | SEC ↗ |