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BCM

Brightlight Capital Management Portfolio holdings

AUM $101M
1-Year Est. Return 23.43%
This Fund
S&P 500
This Quarter Est. Return
+4.38%
1 Year Est. Return
+23.43%
3 Year Est. Return
+201.52%
5 Year Est. Return
+142.75%
10 Year Est. Return
–
AUM
$137M
AUM Growth
-$70.8M
Cap. Flow
-$74.2M
Cap. Flow %
-54.21%
Top 10 Hldgs %
100%
Holding
14
New
1
Increased
1
Reduced
3
Closed
6

Top Buys

Rank Stock Value
1
HEPS
D-Market Electronic Services & Trading
HEPS
+$14.3M
2
SNBR
Sleep Number
SNBR
+$1.67M

Top Sells

Rank Stock Value
1
MLCO icon
Melco Resorts & Entertainment
MLCO
+$23.2M
2
CVNA icon
Carvana
CVNA
+$19.5M
3
BABA icon
Alibaba
BABA
+$12.2M
4
DESP
Despegar.com
DESP
+$10M
5
FBTC icon
Fidelity Wise Origin Bitcoin Fund
FBTC
+$9.27M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 60.15%
2 Technology 22.21%
3 Materials 10.24%
4 Energy 4.37%
5 Industrials 3.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVNA icon
1
Carvana
CVNA
$68.6B
$37.9M 27.7%
932,000
-435,000
-32% -$19.5M
KSPI icon
2
Kaspi.kz JSC
KSPI
$16.9B
$30.4M 22.21%
320,900
– –
SNBR
3
DELISTED
Sleep Number
SNBR
$15M 10.94%
982,488
+107,837
+12% +$1.67M
HGV icon
4
Hilton Grand Vacations
HGV
$3.59B
$14.9M 10.89%
382,700
– –
HEPS
5
D-Market Electronic Services & Trading
HEPS
$1.05B
$14.5M 10.62%
+4,796,396
New +$14.3M
PAAS icon
6
Pan American Silver
PAAS
$18.2B
$14M 10.24%
693,100
-287,900
-29% -$6.44M
VAL icon
7
Valaris
VAL
$5.48B
$5.98M 4.37%
135,256
-80,244
-37% -$3.86M
ASLE icon
8
AerSale
ASLE
$293M
$4.14M 3.03%
657,116
– –
BABA icon
9
Alibaba
BABA
$293B
– –
-114,600
Closed -$12.2M
CDLX icon
10
Cardlytics
CDLX
$21.7M
– –
-106,600
Closed -$3.41M
DESP
11
DELISTED
Despegar.com
DESP
– –
-808,405
Closed -$10M
FBTC icon
12
Fidelity Wise Origin Bitcoin Fund
FBTC
$11.7B
– –
-167,000
Closed -$9.27M
GM icon
13
General Motors
GM
$80.4B
– –
-50,125
Closed -$2.25M
MLCO icon
14
Melco Resorts & Entertainment
MLCO
$2.22B
– –
-2,975,200
Closed -$23.2M

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VCWM
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GAA
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TWS
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GIA
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HWM
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JF
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Brightlight Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Brightlight Capital Management held 14 positions worth $137M, down 34% from $208M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Brightlight Capital Management withdrew a net $74.2M in Q4 2024, closing 6 positions and reducing 3 holdings. Its most notable exit was Melco Resorts & Entertainment, an estimated $23.2M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 60% of assets, down from 60% a quarter earlier, followed by Technology and Materials.

Against the trend, Brightlight Capital Management opened a new position in D-Market Electronic Services & Trading worth $14.5M.

  • Brightlight Capital Management's largest Q4 2024 buy was D-Market Electronic Services & Trading: 4,796,396 shares worth $14.5M.
  • Brightlight Capital Management added most to Sleep Number in Q4 2024, an estimated $1.67M increase.
  • Brightlight Capital Management's biggest Q4 2024 reduction was Carvana, cutting an estimated $19.5M.
  • Brightlight Capital Management fully exited Melco Resorts & Entertainment in Q4 2024, selling an estimated $23.2M.
  • Brightlight Capital Management's ten largest holdings make up 100% of its $137M portfolio in Q4 2024.
  • Brightlight Capital Management opened 1 new position and closed 6 in Q4 2024.
  • Brightlight Capital Management's portfolio value fell 34% quarter-over-quarter to $137M.

Based on Brightlight Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.