Light Street Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Light Street Capital Management, LLC reported 20 stock positions worth $308.7 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 17.2% of the portfolio, followed by Nvidia (NVDA, 11.3%) and Bill (BILL, 9.8%). Compared with Q4 2024, it opened 3 new positions, sold out of 12, added to 10 and reduced 7. The biggest buy was Bill (BILL, shares +332%) and the biggest sale an exit from Marvell Technology (MRVL).
- Most Recent 13F
- Q2 2026
- Location
- Palo Alto, CA
- CIK
- 0001569049
- Portfolio Value
- $308.7M (Q1 2025)
- SEC Filing
- 0000935836-25-000378 ↗ filed May 15, 2025
Holdings Value
Holdings 20 stocks · $308.7M
| TSM Taiwan Semiconductor-SP ADR | 17.19% | 319,745 | $53.1M | Reduce -6.3% |
| NVDA Nvidia Corp. | 11.29% | 321,715 | $34.9M | Reduce -23.3% |
| BILL Bill Holdings Inc. | 9.85% | 662,603 | $30.4M | Add +332.1% |
| AMD Advanced Micro Devices | 8.51% | 255,670 | $26.3M | Add +20.2% |
| FROG Jfrog Ltd. | 6.64% | 640,940 | $20.5M | Reduce -16.2% |
| AVGO Broadcom Inc. | 6.62% | 122,002 | $20.4M | Add +38.4% |
| GTLB Gitlab Inc. Class A | 6.31% | 414,317 | $19.5M | Add +10.0% |
| RDDT Reddit Inc. Class A | 6.00% | 176,550 | $18.5M | New |
| BL Blackline Inc. | 5.98% | 380,988 | $18.4M | New |
| AMZN Amazon.com Inc. | 5.29% | 85,851 | $16.3M | Reduce -23.4% |
| META Meta Platforms Inc. Class A | 4.47% | 23,935 | $13.8M | Reduce -55.4% |
| CLBT Cellebrite Di Ltd. | 3.51% | 557,755 | $10.8M | Reduce -3.5% |
| NCNO Ncino Inc. | 3.27% | 367,537 | $10.1M | New |
| ASML ASML Holding NV-NY Reg SHS | 1.50% | 7,011 | $4.6M | Add +1465.0% |
| NXPI NXP Semiconductors NV | 1.23% | 20,020 | $3.8M | Add +1151.3% |
| ANSS Ansys Inc. | 0.55% | 5,359 | $1.7M | Add +676.7% |
| SNPS Synopsys Inc. | 0.51% | 3,675 | $1.6M | Add +707.7% |
| CDNS Cadence Design SYS Inc. | 0.49% | 5,911 | $1.5M | Add +657.8% |
| AAPL Apple Inc. | 0.46% | 6,367 | $1.4M | Reduce -88.0% |
| CEG Constellation Energy | 0.33% | 5,091 | $1.0M | Add +390.9% |
Options reported separately and not counted above: TSM puts ($49.4M).
Portfolio Sells Q4 2024 → Q1 2025
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −6.13 |
| CLS Celestica Inc. | Sold out | 0.00% | −4.67 |
| GDS GDS Holdings Ltd. - ADR | Sold out | 0.00% | −3.84 |
| CRM Salesforce Inc. | Sold out | 0.00% | −3.46 |
| MBLY Mobileye Global Inc. Class A | Sold out | 0.00% | −3.14 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −3.10 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −2.78 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −2.38 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −2.35 |
| AAPL Apple Inc. | Reduce -88.0% | 0.46% | −2.27 |
| META Meta Platforms Inc. Class A | Reduce -55.4% | 4.47% | −2.00 |
| INDI Indie Semiconductor Inc. Class A | Sold out | 0.00% | −1.95 |
| ZS Zscaler Inc. | Sold out | 0.00% | −1.23 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −1.14 |
| NVDA Nvidia Corp. | Reduce -23.3% | 11.29% | −0.30 |
| AMZN Amazon.com Inc. | Reduce -23.4% | 5.29% | +0.23 |
| CLBT Cellebrite Di Ltd. | Reduce -3.5% | 3.51% | +0.89 |
| FROG Jfrog Ltd. | Reduce -16.2% | 6.64% | +2.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -6.3% | 17.19% | +3.32 |
Portfolio Buys Q4 2024 → Q1 2025
| BILL Bill Holdings Inc. | Add +332.1% | 9.85% | +7.18 |
| RDDT Reddit Inc. Class A | New | 6.00% | +6.00 |
| BL Blackline Inc. | New | 5.98% | +5.98 |
| NCNO Ncino Inc. | New | 3.27% | +3.27 |
| AMD Advanced Micro Devices | Add +20.2% | 8.51% | +3.22 |
| AVGO Broadcom Inc. | Add +38.4% | 6.62% | +2.41 |
| GTLB Gitlab Inc. Class A | Add +10.0% | 6.31% | +1.94 |
| ASML ASML Holding NV-NY Reg SHS | Add +1465.0% | 1.50% | +1.44 |
| NXPI NXP Semiconductors NV | Add +1151.3% | 1.23% | +1.16 |
| ANSS Ansys Inc. | Add +676.7% | 0.55% | +0.50 |
| SNPS Synopsys Inc. | Add +707.7% | 0.51% | +0.47 |
| CDNS Cadence Design SYS Inc. | Add +657.8% | 0.49% | +0.44 |
| CEG Constellation Energy | Add +390.9% | 0.33% | +0.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 27 | $850.7M | TSM, AMD, ALAB, GTLB, AVGO |
| Q1 2026 | 23 | $497.3M | TSM, NVDA, AVGO, AMD, CHYM |
| Q4 2025 | 24 | $649.8M | TSM, CHYM, NVDA, AVGO, BILL |
| Q3 2025 | 27 | $594.5M | TSM, NVDA, BILL, AMD, GTLB |
| Q2 2025 | 26 | $489.5M | TSM, NVDA, AMD, AVGO, BILL |
| Q1 2025 | 20 | $308.7M | TSM, NVDA, BILL, AMD, FROG |
| Q4 2024 | 29 | $485.8M | TSM, NVDA, META, MRVL, AMD |
| Q3 2024 | 21 | $404.1M | NVDA, TSM, AMD, FROG, AVGO |
| Q2 2024 | 24 | $411.6M | NVDA, TSM, CLS, AMD, FROG |
| Q1 2024 | 20 | $395.8M | NVDA, TSM, AMZN, AMD, FROG |