In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Beaconlight Capital, LLC reported 21 stock positions worth $146.3 million . Its top holding was Resideo Technologies (REZI) at 12.9% of the portfolio, followed by Cogent Communications Holdin (CCOI, 11.5% ) and Cheniere Energy (LNG, 10.8% ). Compared with Q4 2024, it opened 2 new positions, sold out of 9, added to 5 and reduced 14. The biggest buy was Constellium (CSTM, shares +18% ) and the biggest sale Digimarc (DMRC, shares −9% ).
Location New York, NY
CIK 0001569537
Portfolio Value $146.3M (Q1 2025) Holdings 21 stocks · $146.3M 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 Q4 2024 REZI Resideo Technologies Inc. 1,063,472 $18.8M Reduce -1.1% CCOI Cogent Communications Holdin 274,272 $16.8M Reduce -18.8% LNG Cheniere Energy Inc. 68,235 $15.8M Reduce -35.1% SABR Sabre Corp. 4,464,717 $12.5M Add +21.0% QDEL Quidelortho Corp. 342,015 $12.0M Reduce -38.9% CSTM Constellium SE 963,379 $9.7M Add +18.3% DMRC Digimarc Corp. 703,270 $9.0M Reduce -9.4% EQT Eqt Corp. 163,997 $8.8M Reduce -30.2% GEO The Geo Group Inc. 218,288 $6.4M Reduce -10.1% FCX Freeport-McMoran Inc. 130,942 $5.0M Reduce -2.9% GPOR Gulfport Energy Corp. 24,203 $4.5M Reduce -30.0% TNDM Tandem Diabetes Care Inc. 219,757 $4.2M Reduce -33.6% TECK Teck Resources Ltd.-CLS B 102,994 $3.8M Reduce -25.6% SGI Somnigroup International Inc. 57,648 $3.5M Add +33.3% NTRA Natera Inc. 23,580 $3.3M Reduce -47.6% CART Maplebear Inc. 72,146 $2.9M Reduce -1.9% FLG Flagstar Bank NA 234,613 $2.7M Add +1256.3% DV Doubleverify Holdings Inc. 189,027 $2.5M Add +116.5% IESC Ies Holdings Inc. filed as IES HLDGS INC 11,388 $1.9M New GM General Motors Co. 28,625 $1.3M Reduce -85.5% TWLO Twilio Inc. Class A 9,967 $976K New
Options reported separately and not counted above: QQQ puts ($2.4M), SABR calls ($577K).
Portfolio Sells Q4 2024 → Q1 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 Q4 2024 % Of Portfolio Change To Portfolio ▲ DMRC Digimarc Corp. Reduce -9.4% 6.16% −5.46 GM General Motors Co. Reduce -85.5% 0.92% −3.29 AA Alcoa Corp. Sold out 0.00% −2.82 DESP Despegar.com Corp. Sold out 0.00% −2.35 FLS Flowserve Corp. Sold out 0.00% −2.07 TNDM Tandem Diabetes Care Inc. Reduce -33.6% 2.88% −1.89 QDEL Quidelortho Corp. Reduce -38.9% 8.17% −1.80 ATMU Atmus Filtration Technologie Sold out 0.00% −1.65 MRVL Marvell Technology Inc. Sold out 0.00% −0.95 VICR Vicor Corp. Sold out 0.00% −0.80 NTRA Natera Inc. Reduce -47.6% 2.28% −0.57 WDC Western Digital Corp. Sold out 0.00% −0.52 VMI Valmont Industries Sold out 0.00% −0.49 EAF Graftech International Ltd. Sold out 0.00% −0.02 TECK Teck Resources Ltd.-CLS B Reduce -25.6% 2.56% +0.32 GPOR Gulfport Energy Corp. Reduce -30.0% 3.05% +0.50 CART Maplebear Inc. Reduce -1.9% 1.97% +0.75 CCOI Cogent Communications Holdin Reduce -18.8% 11.49% +1.09 FCX Freeport-McMoran Inc. Reduce -2.9% 3.39% +1.33 GEO The Geo Group Inc. Reduce -10.1% 4.36% +1.64 EQT Eqt Corp. Reduce -30.2% 5.99% +1.66 LNG Cheniere Energy Inc. Reduce -35.1% 10.79% +1.76 REZI Resideo Technologies Inc. Reduce -1.1% 12.87% +2.96
Portfolio Buys Q4 2024 → Q1 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 Q4 2024 % Of Portfolio Change To Portfolio ▼ CSTM Constellium SE Add +18.3% 6.64% +3.30 SABR Sabre Corp. Add +21.0% 8.57% +3.19 FLG Flagstar Bank NA Add +1256.3% 1.86% +1.80 SGI Somnigroup International Inc. Add +33.3% 2.36% +1.38 IESC Ies Holdings Inc. New 1.29% +1.29 DV Doubleverify Holdings Inc. Add +116.5% 1.73% +1.06 TWLO Twilio Inc. Class A New 0.67% +0.67
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ NVDA Nvidia Corp. put Sold out 80,000 $10.7Mbefore exit SPY SS SPDR S&P 500 ETF Trust-US put Sold out 15,000 $8.8Mbefore exit QQQ Invesco QQQ Trust Series 1 put New 5,100 $2.4M SABR Sabre Corp. call New 205,400 $577K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 31 $227.2M SXT, CSTM, NTRA, SNOW, LNG Q1 2026 33 $177.3M CSTM, REZI, STM, SXT, TECK Q4 2025 23 $171.2M CSTM, REZI, SXT, GPOR, TECK Q3 2025 28 $202.7M REZI, CSTM, LNG, SXT, TECK Q2 2025 29 $170.9M REZI, LNG, SXT, STX, SABR Q1 2025 21 $146.3M REZI, CCOI, LNG, SABR, QDEL Q4 2024 28 $250.1M DMRC, CCOI, QDEL, REZI, LNG Q3 2024 27 $243.0M REZI, CCOI, DMRC, QDEL, SABR Q2 2024 29 $197.3M DMRC, CSTM, LNG, CCOI, REZI Q1 2024 26 $222.9M CSTM, CCOI, DMRC, GM, REZI