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Light Street Capital Management Portfolio holdings

AUM $534M
1-Year Est. Return 59.08%
This Fund
S&P 500
This Quarter Est. Return
-18.57%
1 Year Est. Return
+59.08%
3 Year Est. Return
+235.5%
5 Year Est. Return
+188.82%
10 Year Est. Return
+3,568.26%
AUM
$358M
AUM Growth
-$186M
Cap. Flow
-$108M
Cap. Flow %
-30.21%
Top 10 Hldgs %
81.37%
Holding
33
New
3
Increased
10
Reduced
7
Closed
12

Top Buys

Rank Stock Value
1
BILL icon
BILL Holdings
BILL
+$34.2M
2
RDDT icon
Reddit
RDDT
+$29.2M
3
BL icon
BlackLine
BL
+$20.9M
4
NCNO icon
nCino
NCNO
+$11.6M
5
AVGO icon
Broadcom
AVGO
+$7.16M

Top Sells

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$29.8M
2
CLS icon
Celestica
CLS
+$22.7M
3
META icon
Meta Platforms (Facebook)
META
+$19.2M
4
GDS icon
GDS Holdings
GDS
+$18.7M
5
CRM icon
Salesforce
CRM
+$16.8M

Sector Composition

Rank Sector Weight
1 Technology 72.34%
2 Communication Services 9.02%
3 Consumer Discretionary 4.56%
4 Utilities 0.29%
5 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOOGL icon
26
Alphabet (Google) Class A
GOOGL
$4.37T
– –
-60,296
Closed -$11.4M
INDI icon
27
indie Semiconductor
INDI
$786M
– –
-2,338,469
Closed -$9.47M
MBLY icon
28
Mobileye
MBLY
$7.44B
– –
-766,892
Closed -$15.3M
MELI icon
29
Mercado Libre
MELI
$92.5B
– –
-7,941
Closed -$13.5M
MRVL icon
30
Marvell Technology
MRVL
$187B
– –
-269,646
Closed -$29.8M
WDAY icon
31
Workday
WDAY
$45.5B
– –
-44,768
Closed -$11.6M
ZS icon
32
Zscaler
ZS
$28.6B
– –
-33,215
Closed -$5.99M
GEV icon
33
GE Vernova
GEV
$264B
– –
-16,895
Closed -$5.56M
1
2

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BFC
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GC
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MG
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Light Street Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Light Street Capital Management held 33 positions worth $358M, down 34% from $545M the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Light Street Capital Management withdrew a net $108M in Q1 2025, closing 12 positions and reducing 7 holdings. Its most notable exit was Marvell Technology, an estimated $29.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 72% of assets, up from 70% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Light Street Capital Management opened a new position in Reddit worth $18.5M.

  • Light Street Capital Management's largest Q1 2025 buy was Reddit: 176,550 shares worth $18.5M.
  • Light Street Capital Management added most to BILL Holdings in Q1 2025, an estimated $34.2M increase.
  • Light Street Capital Management's biggest Q1 2025 reduction was Meta Platforms (Facebook), cutting an estimated $19.2M.
  • Light Street Capital Management fully exited Marvell Technology in Q1 2025, selling an estimated $29.8M.
  • Light Street Capital Management's ten largest holdings make up 81% of its $358M portfolio in Q1 2025.
  • Light Street Capital Management opened 3 new positions and closed 12 in Q1 2025.
  • Light Street Capital Management's portfolio value fell 34% quarter-over-quarter to $358M.

Based on Light Street Capital Management's 13F filing for Q1 2025, filed 15 May 2025.