Alight Capital Management LP In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Alight Capital Management LP reported 56 stock positions worth $373.0 million . Its top holding was Microsoft (MSFT) at 7.1% of the portfolio, followed by Meta Platforms Class A (META, 7.1% ) and Amazon.com (AMZN, 6.2% ). Compared with Q3 2025, it opened 14 new positions, sold out of 15, added to 15 and reduced 24. The biggest buy was Meta Platforms Class A (META, shares +167% ) and the biggest sale Apple (AAPL, shares −75% ).
Location New York, NY
CIK 0001651473
Portfolio Value $373.0M (Q4 2025) Holdings 56 stocks · $373.0M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 MSFT Microsoft Corp. 55,000 $26.6M Add +10.0% META Meta Platforms Inc. Class A 40,000 $26.4M Add +166.7% AMZN Amazon.com Inc. 100,000 $23.1M Add +5.3% NVDA Nvidia Corp. 100,000 $18.6M Reduce -24.5% TSM Taiwan Semiconductor-SP ADR 50,000 $15.2M Add +42.9% HUT Hut 8 Corp. 300,000 $13.8M Add +200.0% RKT Rocket Cos Inc. Class A 700,000 $13.6M No change CRM Salesforce Inc. 49,500 $13.1M Add +41.4% SAP Sap SE-Sponsored ADR 45,000 $10.9M New VICR Vicor Corp. 90,000 $9.9M New GOOGL Alphabet Inc. Class A 30,000 $9.4M Reduce -45.5% DE Deere & Co. 20,000 $9.3M New LRCX Lam Research Corp. 50,000 $8.6M Add +66.7% MDB Mongodb Inc. 20,000 $8.4M Add +11.1% AMAT Applied Materials Inc. 30,000 $7.7M Reduce -40.0% SNOW Snowflake Inc. 35,000 $7.7M Add +40.0% RIOT Riot Platforms Inc. 600,000 $7.6M Add +100.0% INTC Intel Corp. 200,000 $7.4M Add +33.3% AAPL Apple Inc. 25,000 $6.8M Reduce -75.0% NFLX Netflix Inc. 70,000 $6.6M Reduce -6.7% URI United Rentals Inc. 8,000 $6.5M Reduce -20.0% ASML ASML Holding NV-NY Reg SHS 6,000 $6.4M Reduce -53.9% KLAC KLA Corp. 5,000 $6.1M Reduce -37.6% CFLT Confluent Inc. Class A 200,000 $6.0M No change CAT Caterpillar Inc. 10,000 $5.7M Reduce -33.3% NKE Nike Inc. Class B 80,000 $5.1M New CRWD CrowdStrike Holdings Inc. Class A 10,000 $4.7M New BKR Baker Hughes Co. 100,000 $4.6M New CIFR Cipher Digital Inc. 300,000 $4.4M Reduce -6.3% ESTC Elastic NV 56,000 $4.2M Reduce -53.3% ON On Semiconductor 75,000 $4.1M New TSLA Tesla Inc. 9,000 $4.0M New FLEX Flex Ltd. 65,000 $3.9M Reduce -35.0% SAIA Saia Inc. 12,000 $3.9M New NOW ServiceNow Inc. 25,000 $3.8M Reduce -16.7% APLD Applied Digital Corp. 150,000 $3.7M New WULF Terawulf Inc. 320,000 $3.7M Add +113.3% HUBS HubSpot Inc. 9,000 $3.6M Reduce -30.8% CLSK Cleanspark Inc. 350,000 $3.5M New UWMC Uwm Holdings Corp. 800,000 $3.5M Add +23.1% AVGO Broadcom Inc. 10,000 $3.5M Reduce -75.0% IREN Iren Ltd. filed as IREN LIMITED 90,000 $3.4M Reduce -35.7% CLS Celestica Inc. 10,000 $3.0M No change AMRZ Amrize Ltd. 50,000 $2.7M Reduce -75.0% PFSI Pennymac Financial Services 20,000 $2.6M Add +100.0% GLW Corning Inc. 30,000 $2.6M Reduce -40.0% U Unity Software Inc. 50,000 $2.2M Reduce -60.0% UPS United Parcel Service Class B 20,000 $2.0M New ORCL Oracle Corp. 10,000 $1.9M Reduce -42.9% BITF Bitfarms Ltd./Canada 800,000 $1.9M Add +100.0% WDC Western Digital Corp. 10,000 $1.7M Reduce -75.0% OPEN Opendoor Technologies Inc. 200,000 $1.2M Reduce -50.0% BE Bloom Energy Corp. Class A 10,000 $869K New NOK Nokia Corp.-Spon ADR 100,000 $647K New HIVE Hive Digital Technologies LT 150,000 $387K Reduce -53.9% OKLO Oklo Inc. 5,000 $359K Reduce -75.6%
Options reported separately and not counted above: CRWV calls ($7.2M), CORZ calls ($5.8M), RIOT calls ($1.9M), WULF calls ($1.7M), CRCL calls ($1.6M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $45K (not counted above) Security Class Shares / Principal Value Change OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 50,000 $45K Add +275.4%
Total filed on the 13F, all lines: $373.1M.
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ AAPL Apple Inc. Reduce -75.0% 1.82% −4.27 AMD Advanced Micro Devices Sold out 0.00% −2.51 AVGO Broadcom Inc. Reduce -75.0% 0.93% −2.23 MRVL Marvell Technology Inc. Sold out 0.00% −2.01 TEAM Atlassian Corp. Class A Sold out 0.00% −1.91 SHOP Shopify Inc. Class A Sold out 0.00% −1.78 IWM iShares Russell 2000 ETF Sold out 0.00% −1.74 AMRZ Amrize Ltd. Reduce -75.0% 0.72% −1.60 DDOG Datadog Inc. Class A Sold out 0.00% −1.53 ESTC Elastic NV Reduce -53.3% 1.13% −1.29 ASML ASML Holding NV-NY Reg SHS Reduce -53.9% 1.72% −1.29 VRT Vertiv Holdings Co. Class A Sold out 0.00% −1.26 NBIS Nebius Group NV Sold out 0.00% −1.21 COF Capital One Financial Corp. Sold out 0.00% −1.02 CRWV Coreweave Inc. Class A Sold out 0.00% −0.98 NVDA Nvidia Corp. Reduce -24.5% 5.00% −0.91 MCHP Microchip Technology Inc. Sold out 0.00% −0.77 WDC Western Digital Corp. Reduce -75.0% 0.46% −0.69 GOOGL Alphabet Inc. Class A Reduce -45.5% 2.52% −0.68 IREN Iren Ltd. Reduce -35.7% 0.91% −0.66 ORCL Oracle Corp. Reduce -42.9% 0.52% −0.65 FDX FedEx Corp. Sold out 0.00% −0.62 U Unity Software Inc. Reduce -60.0% 0.59% −0.60 URI United Rentals Inc. Reduce -20.0% 1.74% −0.55 HUBS HubSpot Inc. Reduce -30.8% 0.97% −0.49 ANET Arista Networks Inc. Sold out 0.00% −0.45 OKLO Oklo Inc. Reduce -75.6% 0.10% −0.45 OPEN Opendoor Technologies Inc. Reduce -50.0% 0.31% −0.45 KLAC KLA Corp. Reduce -37.6% 1.63% −0.44 MARA Mara Holdings Inc. Sold out 0.00% −0.44 NFLX Netflix Inc. Reduce -6.7% 1.76% −0.39 AMAT Applied Materials Inc. Reduce -40.0% 2.07% −0.38 FLEX Flex Ltd. Reduce -35.0% 1.05% −0.33 LDI Loandepot Inc. Class A Sold out 0.00% −0.33 NOW ServiceNow Inc. Reduce -16.7% 1.03% −0.29 GLW Corning Inc. Reduce -40.0% 0.70% −0.28 HIVE Hive Digital Technologies LT Reduce -53.9% 0.10% −0.21 CAT Caterpillar Inc. Reduce -33.3% 1.54% −0.18 CIFR Cipher Digital Inc. Reduce -6.3% 1.19% +0.22
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ META Meta Platforms Inc. Class A Add +166.7% 7.08% +4.44 SAP Sap SE-Sponsored ADR New 2.93% +2.93 HUT Hut 8 Corp. Add +200.0% 3.69% +2.86 VICR Vicor Corp. New 2.64% +2.64 DE Deere & Co. New 2.50% +2.50 TSM Taiwan Semiconductor-SP ADR Add +42.9% 4.07% +1.74 CRM Salesforce Inc. Add +41.4% 3.52% +1.53 NKE Nike Inc. Class B New 1.37% +1.37 LRCX Lam Research Corp. Add +66.7% 2.29% +1.33 CRWD CrowdStrike Holdings Inc. Class A New 1.26% +1.26 BKR Baker Hughes Co. New 1.22% +1.22 AMZN Amazon.com Inc. Add +5.3% 6.19% +1.20 ON On Semiconductor New 1.09% +1.09 TSLA Tesla Inc. New 1.08% +1.08 SAIA Saia Inc. New 1.05% +1.05 APLD Applied Digital Corp. New 0.99% +0.99 CLSK Cleanspark Inc. New 0.95% +0.95 MSFT Microsoft Corp. Add +10.0% 7.13% +0.94 MDB Mongodb Inc. Add +11.1% 2.25% +0.91 INTC Intel Corp. Add +33.3% 1.98% +0.78 SNOW Snowflake Inc. Add +40.0% 2.06% +0.71 RIOT Riot Platforms Inc. Add +100.0% 2.04% +0.67 WULF Terawulf Inc. Add +113.3% 0.99% +0.58 UPS United Parcel Service Class B New 0.53% +0.53 PFSI Pennymac Financial Services Add +100.0% 0.71% +0.41 BITF Bitfarms Ltd./Canada Add +100.0% 0.50% +0.23 BE Bloom Energy Corp. Class A New 0.23% +0.23 NOK Nokia Corp.-Spon ADR New 0.17% +0.17 UWMC Uwm Holdings Corp. Add +23.1% 0.94% −0.01
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ CRM Salesforce Inc. call Sold out 100,000 $23.7Mbefore exit NOK Nokia Corp.-Spon ADR call Sold out 2,000,000 $9.6Mbefore exit GOOGL Alphabet Inc. Class A call Sold out 30,000 $7.3Mbefore exit CRWV Coreweave Inc. Class A call New 100,000 $7.2M CORZ Core Scientific Inc. call New 400,000 $5.8M RIOT Riot Platforms Inc. call Add +50.0% 150,000 $1.9M WULF Terawulf Inc. call New 150,000 $1.7M CRCL Circle Internet Group Inc. call New 20,000 $1.6M APLD Applied Digital Corp. call Sold out 50,000 $1.1Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025 Security Class Change vs Q3 2025 Shares / Principal Value ▼ OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 Add +275.4% 50,000 $45K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 75 $615.1M AMZN, NVDA, MSFT, TSM, INTC Q1 2026 55 $343.4M NVDA, AAPL, AMZN, FLEX, TSM Q4 2025 56 $373.0M MSFT, META, AMZN, NVDA, TSM Q3 2025 57 $418.3M MSFT, AAPL, NVDA, AMZN, RKT Q2 2025 55 $393.7M NVDA, AMZN, MSFT, CRM, META Q1 2025 44 $189.7M SPY, MSFT, TTWO, QQQ, AMZN Q4 2024 50 $296.6M NVDA, AMZN, MSFT, IWM, NFLX Q3 2024 56 $277.1M CRM, MSFT, NVDA, AMZN, META Q2 2024 61 $404.1M AAPL, MSFT, IWM, AMZN, NVDA Q1 2024 53 $315.1M AMZN, MSFT, META, ORCL, AMD