Brightlight Capital Management LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Brightlight Capital Management LP reported 13 stock positions worth $207.6 million. Its top holding was Carvana (CVNA) at 22.9% of the portfolio, followed by JSC Kaspi.kz ADR (KSPI, 16.4%) and Melco Resorts & Entert-ADR (MLCO, 11.2%). Compared with Q2 2024, it opened 2 new positions, sold out of 1, added to 2 and reduced 1. The biggest buy was a new position in Alibaba Group Holding-SP ADR (BABA) and the biggest sale General Motors (GM, shares −73%).

Most Recent 13F
Q1 2026
Location
WESTPORT, CT
CIK
0001802838
Portfolio Value
$207.6M (Q3 2024)
SEC Filing
0001725547-24-006411 ↗ filed Nov 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $176.9M Q1 2024 Q2 2024: $187.0M Q2 2024 Q3 2024: $207.6M $207.6M Q3 2024 Q4 2024: $136.8M Q4 2024 Q1 2025: $148.0M Q1 2025 Q2 2025: $181.2M Q2 2025 Q3 2025: $165.2M Q3 2025 Q4 2025: $140.7M Q4 2025 Q1 2026: $101.4M Q1 2026

Holdings 13 stocks · $207.6M
CVNA Carvana Co. 22.93% 273,400 $47.6M No change
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 16.38% 320,900 $34.0M Add +21.7%
MLCO Melco Resorts & Entert-ADR 11.16% 2,975,200 $23.2M No change
PAAS Pan American Silver Corp. 9.86% 981,000 $20.5M No change
SNBRQ Sleep Number Corp. 7.72% 874,651 $16.0M No change
HGV Hilton Grand Vacations Inc. 6.69% 382,700 $13.9M No change
BABA Alibaba Group Holding-SP ADR 5.86% 114,600 $12.2M New
VAL Valaris Ltd. 5.79% 215,500 $12.0M No change
DESP Despegar.com Corp. 4.83% 808,405 $10.0M New
FBTC Fidelity Wise Origin Bitcoin 4.47% 167,000 $9.3M Add +13.5%
CDLX Cardlytics Inc. 1.64% 1,066,000 $3.4M No change
ASLE Aersale Corp. 1.60% 657,116 $3.3M No change
GM General Motors Co. 1.08% 50,125 $2.2M Reduce -73.5%

Portfolio Sells Q2 2024 → Q3 2024
GM General Motors Co. Reduce -73.5% 1.08% −3.61
FVRR Fiverr International Ltd. Sold out 0.00% −3.41

Portfolio Buys Q2 2024 → Q3 2024
BABA Alibaba Group Holding-SP ADR New 5.86% +5.86
DESP Despegar.com Corp. New 4.83% +4.83
FBTC Fidelity Wise Origin Bitcoin Add +13.5% 4.47% +0.34
KSPI JSC Kaspi.kz ADR Add +21.7% 16.38% −1.81

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2026 8$101.4MCVNA, ARCO, KSPI, HNI, AAMI
Q4 2025 9$140.7MCVNA, KSPI, ARCO, HGV, SFD
Q3 2025 10$165.2MCVNA, KSPI, HEPS, HGV, ARCO
Q2 2025 10$181.2MCVNA, KSPI, HEPS, HGV, ARCO
Q1 2025 9$148.0MCVNA, KSPI, HEPS, MLCO, HGV
Q4 2024 8$136.8MCVNA, KSPI, SNBRQ, HGV, HEPS
Q3 2024 13$207.6MCVNA, KSPI, MLCO, PAAS, SNBRQ
Q2 2024 12$187.0MCVNA, KSPI, MLCO, PAAS, VAL
Q1 2024 12$176.9MCVNA, KSPI, MLCO, HGV, VAL