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LSCM
Light Street Capital Management Portfolio holdings
AUM
$534M
1-Year Est. Return
59.08%
This Fund
S&P 500
This Quarter
Est. Return
+68.53%
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
$2.4B
AUM Growth
+$502M
(+26%)
Cap. Flow
-$375M
Cap. Flow
% of AUM
-15.59%
Top 10 Holdings %
Top 10 Hldgs %
48.14%
Holding
56
New
11
Increased
8
Reduced
20
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Etsy
ETSY
|
+$53.7M |
| 2 |
NCR Voyix
VYX
|
+$49.6M |
| 3 |
GRUB
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
|
+$44.5M |
| 4 |
StoneCo
STNE
|
+$38.8M |
| 5 |
Mercado Libre
MELI
|
+$35.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wayfair
W
|
+$141M |
| 2 |
WORK
Slack Technologies, Inc.
WORK
|
+$101M |
| 3 |
Amazon
AMZN
|
+$80.1M |
| 4 |
Sea Limited
SE
|
+$60.4M |
| 5 |
Lyft
LYFT
|
+$57M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.73% |
| 2 | Consumer Discretionary | 25.57% |
| 3 | Communication Services | 10.29% |
| 4 | Financials | 4.69% |
| 5 | Industrials | 2.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$450B
| $371M | 15.45% |
+1,500,000
| New | +$336M |
|
|
2
Sea Limited
SE
$65.1B
| $160M | 6.67% |
1,494,343
-834,100
| -36% | -$60.4M |
|
|
3
StoneCo
STNE
$2.78B
| $113M | 4.7% |
2,912,918
+1,330,917
| +84% | +$38.8M |
|
4
Netflix
NFLX
$305B
| $78.1M | 3.25% |
1,715,950
-254,250
| -13% | -$10.8M |
|
|
5
Etsy
ETSY
$7.89B
| $77.1M | 3.21% |
+725,600
| New | +$53.7M |
|
6
JD.com
JD
$43.6B
| $76.4M | 3.18% |
1,268,946
+240,972
| +23% | +$12.2M |
|
7
Wolfspeed
WOLF
$1.24B
| $74.8M | 3.11% |
1,264,175
+221,475
| +21% | +$10.7M |
|
|
TLND
8
DELISTED
Talend S.A. American Depositary Shares
TLND
| $72M | 3% |
2,078,290
+1,017,431
| +96% | +$30M |
|
9
Match Group
MTCH
$9.17B
| $67.9M | 2.83% |
634,209
-409,300
| -39% | -$34.2M |
|
|
10
Amazon
AMZN
$2.53T
| $66M | 2.75% |
478,560
-662,800
| -58% | -$80.1M |
|
11
PayPal
PYPL
$49.3B
| $65.1M | 2.71% |
373,500
-151,400
| -29% | -$20.9M |
|
12
CrowdStrike
CRWD
$189B
| $63.7M | 2.65% |
2,540,148
-2,113,892
| -45% | -$42.4M |
|
13
Dynatrace
DT
$12.8B
| $63.5M | 2.64% |
1,565,206
-427,100
| -21% | -$14.1M |
|
14
Meta Platforms (Facebook)
META
$1.37T
| $61.9M | 2.58% |
272,800
+64,500
| +31% | +$13.5M |
|
15
ASML
ASML
$634B
| $61.8M | 2.57% |
167,998
-31,239
| -16% | -$9.81M |
|
|
GRUB
16
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $59M | 2.45% |
+419,397
| New | +$44.5M |
|
|
17
NCR Voyix
VYX
$1.12B
| $58.5M | 2.44% |
5,508,391
+4,326,328
| +366% | +$49.6M |
|
18
GDS Holdings
GDS
$6.41B
| $58.4M | 2.43% |
733,154
-112,002
| -13% | -$6.93M |
|
19
Datadog
DDOG
$95.6B
| $54.1M | 2.25% |
622,676
-712,000
| -53% | -$43.3M |
|
20
Alibaba
BABA
$279B
| $51.4M | 2.14% |
238,200
-21,500
| -8% | -$4.48M |
|
21
Broadcom
AVGO
$1.85T
| $49.9M | 2.08% |
1,581,100
-703,900
| -31% | -$19.7M |
|
|
ATVI
22
DELISTED
Activision Blizzard
ATVI
| $49.4M | 2.06% |
651,200
-208,600
| -24% | -$14.6M |
|
|
VNET
23
VNET Group
VNET
$2.08B
| $47.6M | 1.98% |
+1,994,700
| New | +$32.2M |
|
|
24
Mercado Libre
MELI
$95.6B
| $46.6M | 1.94% |
+47,245
| New | +$35.4M |
|
25
Peloton Interactive
PTON
$2.76B
| $45.7M | 1.9% |
+791,896
| New | +$32.8M |
|
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Light Street Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Light Street Capital Management held 56 positions worth $2.4B, up 26% from $1.9B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Light Street Capital Management withdrew a net $375M in Q2 2020, closing 16 positions and reducing 20 holdings. Its most notable exit was Gilead Sciences, an estimated $52.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 40% of assets, down from 50% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Light Street Capital Management opened a new position in Etsy worth $77.1M.
- Light Street Capital Management's largest Q2 2020 buy was Etsy: 725,600 shares worth $77.1M.
- Light Street Capital Management added most to NCR Voyix in Q2 2020, an estimated $49.6M increase.
- Light Street Capital Management's biggest Q2 2020 reduction was Wayfair, cutting an estimated $141M.
- Light Street Capital Management fully exited Gilead Sciences in Q2 2020, selling an estimated $52.2M.
- Light Street Capital Management's ten largest holdings make up 48% of its $2.4B portfolio in Q2 2020.
- Light Street Capital Management opened 11 new positions and closed 16 in Q2 2020.
- Light Street Capital Management's portfolio value rose 26% quarter-over-quarter to $2.4B.
Based on Light Street Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.