SYLEBRA CAPITAL LLC

Fundamental concentrated ★Highest signal CIK 2003074
League rank
#42
in Fundamental concentrated · #49 overall
Long book
$773.7M
Q1 2026
Positions
11
Top-10 weight
100%
concentration
Last quarter
+48.3%
SPY +14.8%
Turnover
17%
of book per quarter

Strategy in plain words

auto-generated from filings

SYLEBRA CAPITAL LLC is a concentrated fundamental stock-picker, running a $773.7M US long book across 11 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: AEVA TECHNOLOGIES INC, PURECYCLE TECHNOLOGIES INC, IMPINJ INC, PAYCOM SOFTWARE INC, ELASTIC NV.

Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 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
-4.0%
Q2 2024
+11.0%
Q3 2024
-2.0%
Q4 2024
-15.9%
Q1 2025
+45.5%
Q2 2025
-9.2%
Q3 2025
-16.0%
Q4 2025
-26.1%
Q1 2026
+48.3%

Sector allocation

Technology
44%
Industrials
28%
Materials
23%
Services media
3%
Financials
1%
Consumer discretionary
0%

Long book by quarter

$3.01B
Q1 2024
$2.70B
Q2 2024
$3.02B
Q3 2024
$2.67B
Q4 2024
$1.98B
Q1 2025
$2.45B
Q2 2025
$1.81B
Q3 2025
$1.15B
Q4 2025
$773.7M
Q1 2026

What does SYLEBRA CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AEVA AEVA TECHNOLOGIES INCIndustrials16.2M$213.6M27.6%Held
PCT PURECYCLE TECHNOLOGIES INCMaterials34.1M$176.9M22.9%Held
PI IMPINJ INCTechnology1.1M$116.3M15.0%Held
PAYC PAYCOM SOFTWARE INCTechnology689.0K$83.7M10.8%-29.5%
ESTC ELASTIC NVTechnology1.4M$70.5M9.1%-12.8%
S SENTINELONE INC -CLASS ATechnology3.7M$47.9M6.2%-13.0%
XMTR XOMETRY INC-AServices media535.6K$21.9M2.8%+31.3%
EGHT 8X8 INCTechnology8.9M$14.8M1.9%-22.5%
NU NU HOLDINGS LTD/CAYMAN ISL-AFinancials466.4K$6.7M0.9%-58.0%
PTRN PATTERN GROUP INC-CL AConsumer discretionary158.6K$2.0M0.3%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 18, 202611$773.7M canonicalSEC ↗
Q4 202513F-HRFeb 18, 202611$1.15B canonicalSEC ↗
Q3 202513F-HRNov 14, 202511$1.81B canonicalSEC ↗
Q2 202513F-HRAug 15, 202517$2.45B canonicalSEC ↗
Q1 202513F-HRMay 16, 202524$1.98B canonicalSEC ↗
Q4 202413F-HR/ARESTATEMENTMar 3, 202526$2.67B canonicalSEC ↗
Q4 202413F-HRFeb 18, 202526$3.63B SEC ↗
Q3 202413F-HRNov 15, 202428$3.02B canonicalSEC ↗
Q2 202413F-HRAug 15, 202430$2.70B canonicalSEC ↗
Q1 202413F-HRMay 16, 202429$3.01B canonicalSEC ↗