Brightlight Capital Management LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Brightlight Capital Management LP reported 8 stock positions worth $136.8 million. Its top holding was Carvana (CVNA) at 27.7% of the portfolio, followed by JSC Kaspi.kz ADR (KSPI, 22.2%) and Sleep Number (SNBRQ, 10.9%). Compared with Q3 2024, it opened 1 new position, sold out of 6, added to 1 and reduced 3. The biggest buy was a new position in D-Market Electronic Serv-ADR (HEPS) and the biggest sale an exit from Melco Resorts & Entert-ADR (MLCO).
- Most Recent 13F
- Q1 2026
- Location
- WESTPORT, CT
- CIK
- 0001802838
- Portfolio Value
- $136.8M (Q4 2024)
- SEC Filing
- 0001802838-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 8 stocks · $136.8M
| CVNA Carvana Co. | 27.70% | 186,400 | $37.9M | Reduce -31.8% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 22.21% | 320,900 | $30.4M | No change |
| SNBRQ Sleep Number Corp. | 10.94% | 982,488 | $15.0M | Add +12.3% |
| HGV Hilton Grand Vacations Inc. | 10.89% | 382,700 | $14.9M | No change |
| HEPS D-Market Electronic Serv-ADR | 10.62% | 4,796,396 | $14.5M | New |
| PAAS Pan American Silver Corp. | 10.24% | 693,100 | $14.0M | Reduce -29.4% |
| VAL Valaris Ltd. | 4.37% | 135,256 | $6.0M | Reduce -37.2% |
| ASLE Aersale Corp. | 3.03% | 657,116 | $4.1M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| MLCO Melco Resorts & Entert-ADR | Sold out | 0.00% | −11.16 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −5.86 |
| DESP Despegar.com Corp. | Sold out | 0.00% | −4.83 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −4.47 |
| CDLX Cardlytics Inc. | Sold out | 0.00% | −1.64 |
| VAL Valaris Ltd. | Reduce -37.2% | 4.37% | −1.41 |
| GM General Motors Co. | Sold out | 0.00% | −1.08 |
| PAAS Pan American Silver Corp. | Reduce -29.4% | 10.24% | +0.38 |
| CVNA Carvana Co. | Reduce -31.8% | 27.70% | +4.77 |
Portfolio Buys Q3 2024 → Q4 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 8 | $101.4M | CVNA, ARCO, KSPI, HNI, AAMI |
| Q4 2025 | 9 | $140.7M | CVNA, KSPI, ARCO, HGV, SFD |
| Q3 2025 | 10 | $165.2M | CVNA, KSPI, HEPS, HGV, ARCO |
| Q2 2025 | 10 | $181.2M | CVNA, KSPI, HEPS, HGV, ARCO |
| Q1 2025 | 9 | $148.0M | CVNA, KSPI, HEPS, MLCO, HGV |
| Q4 2024 | 8 | $136.8M | CVNA, KSPI, SNBRQ, HGV, HEPS |
| Q3 2024 | 13 | $207.6M | CVNA, KSPI, MLCO, PAAS, SNBRQ |
| Q2 2024 | 12 | $187.0M | CVNA, KSPI, MLCO, PAAS, VAL |
| Q1 2024 | 12 | $176.9M | CVNA, KSPI, MLCO, HGV, VAL |