Light Street Capital Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norwegian Cruise Line
NCLH
|
+$114M |
| 2 |
Wayfair
W
|
+$88.5M |
| 3 |
Royal Caribbean
RCL
|
+$82M |
| 4 |
Carnival Corporation Ltd
CCL
|
+$68.4M |
| 5 |
Broadcom
AVGO
|
+$64.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sea Limited
SE
|
+$101M |
| 2 |
Pinterest
PINS
|
+$96.7M |
| 3 |
Walt Disney
DIS
|
+$76.2M |
| 4 |
Netflix
NFLX
|
+$72.3M |
| 5 |
ServiceNow
NOW
|
+$53.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 49.52% |
| 2 | Consumer Discretionary | 27.42% |
| 3 | Communication Services | 12.5% |
| 4 | Healthcare | 5.07% |
| 5 | Financials | 4.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Spotify
SPOT
$103B
| – | – |
-8,000
| Closed | -$1.2M |
|
52
Twilio
TWLO
$39.3B
| – | – |
-262,498
| Closed | -$25.8M |
|
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Light Street Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Light Street Capital Management held 52 positions worth $1.9B, up 14% from $1.67B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Light Street Capital Management deployed $559M of net new capital in Q1 2020, opening 24 new positions and adding to 9 existing holdings. Its largest new stake was Norwegian Cruise Line: 2,827,700 shares worth $31M.
By sector, the portfolio is most concentrated in Technology at 50% of assets, down from 51% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Sea Limited, an estimated $101M trimmed.
- Light Street Capital Management's largest Q1 2020 buy was Norwegian Cruise Line: 2,827,700 shares worth $31M.
- Light Street Capital Management added most to Smartsheet Inc. in Q1 2020, an estimated $18.3M increase.
- Light Street Capital Management's biggest Q1 2020 reduction was Sea Limited, cutting an estimated $101M.
- Light Street Capital Management fully exited Walt Disney in Q1 2020, selling an estimated $76.2M.
- Light Street Capital Management's ten largest holdings make up 40% of its $1.9B portfolio in Q1 2020.
- Light Street Capital Management opened 24 new positions and closed 7 in Q1 2020.
- Light Street Capital Management's portfolio value rose 14% quarter-over-quarter to $1.9B.
Based on Light Street Capital Management's 13F filing for Q1 2020, filed 15 May 2020.