Light Street Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Light Street Capital Management, LLC reported 26 stock positions worth $489.5 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 16.6% of the portfolio, followed by Nvidia (NVDA, 11.4%) and Advanced Micro Devices (AMD, 8.5%). Compared with Q1 2025, it opened 7 new positions, sold out of 1, added to 10 and reduced 9. The biggest buy was a new position in Celestica (CLS) and the biggest sale an exit from Reddit Class A (RDDT).
- Most Recent 13F
- Q2 2026
- Location
- Palo Alto, CA
- CIK
- 0001569049
- Portfolio Value
- $489.5M (Q2 2025)
- SEC Filing
- 0000935836-25-000532 ↗ filed Aug 14, 2025
Holdings Value
Holdings 26 stocks · $489.5M
| TSM Taiwan Semiconductor-SP ADR | 16.60% | 358,757 | $81.3M | Add +12.2% |
| NVDA Nvidia Corp. | 11.38% | 352,582 | $55.7M | Add +9.6% |
| AMD Advanced Micro Devices | 8.49% | 292,788 | $41.5M | Add +14.5% |
| AVGO Broadcom Inc. | 6.90% | 122,471 | $33.8M | Add +0.4% |
| BILL Bill Holdings Inc. | 6.05% | 639,820 | $29.6M | Reduce -3.4% |
| FROG Jfrog Ltd. | 5.46% | 608,770 | $26.7M | Reduce -5.0% |
| CLS Celestica Inc. | 5.40% | 169,252 | $26.4M | New |
| CHYM Chime Financial Inc. Class A | 4.89% | 693,530 | $23.9M | New |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 4.46% | 714,582 | $21.8M | New |
| GTLB Gitlab Inc. Class A | 4.37% | 474,415 | $21.4M | Add +14.5% |
| META Meta Platforms Inc. Class A | 4.06% | 26,905 | $19.9M | Add +12.4% |
| SE Sea Ltd.-ADR | 3.94% | 120,630 | $19.3M | New |
| AMZN Amazon.com Inc. | 3.80% | 84,784 | $18.6M | Reduce -1.2% |
| NFLX Netflix Inc. | 3.16% | 11,539 | $15.5M | New |
| BL Blackline Inc. | 2.98% | 257,518 | $14.6M | Reduce -32.4% |
| CLBT Cellebrite Di Ltd. | 1.81% | 552,755 | $8.8M | Reduce -0.9% |
| MELI MercadoLibre Inc. | 1.63% | 3,049 | $8.0M | New |
| NXPI NXP Semiconductors NV | 1.02% | 22,890 | $5.0M | Add +14.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.90% | 5,511 | $4.4M | Reduce -21.4% |
| NCNO Ncino Inc. | 0.86% | 150,820 | $4.2M | Reduce -59.0% |
| SNPS Synopsys Inc. | 0.39% | 3,704 | $1.9M | Add +0.8% |
| CDNS Cadence Design SYS Inc. | 0.37% | 5,956 | $1.8M | Add +0.8% |
| AAPL Apple Inc. | 0.35% | 8,276 | $1.7M | Add +30.0% |
| ADI Analog Devices Inc. | 0.30% | 6,070 | $1.4M | New |
| CEG Constellation Energy | 0.28% | 4,277 | $1.4M | Reduce -16.0% |
| ANSS Ansys Inc. | 0.18% | 2,463 | $865K | Reduce -54.0% |
Portfolio Sells Q1 2025 → Q2 2025
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −6.00 |
| BILL Bill Holdings Inc. | Reduce -3.4% | 6.05% | −3.80 |
| BL Blackline Inc. | Reduce -32.4% | 2.98% | −3.00 |
| NCNO Ncino Inc. | Reduce -59.0% | 0.86% | −2.41 |
| CLBT Cellebrite Di Ltd. | Reduce -0.9% | 1.81% | −1.70 |
| AMZN Amazon.com Inc. | Reduce -1.2% | 3.80% | −1.49 |
| FROG Jfrog Ltd. | Reduce -5.0% | 5.46% | −1.19 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -21.4% | 0.90% | −0.60 |
| ANSS Ansys Inc. | Reduce -54.0% | 0.18% | −0.37 |
| CEG Constellation Energy | Reduce -16.0% | 0.28% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| CLS Celestica Inc. | New | 5.40% | +5.40 |
| CHYM Chime Financial Inc. Class A | New | 4.89% | +4.89 |
| GDS GDS Holdings Ltd. - ADR | New | 4.46% | +4.46 |
| SE Sea Ltd.-ADR | New | 3.94% | +3.94 |
| NFLX Netflix Inc. | New | 3.16% | +3.16 |
| MELI MercadoLibre Inc. | New | 1.63% | +1.63 |
| ADI Analog Devices Inc. | New | 0.30% | +0.30 |
| AVGO Broadcom Inc. | Add +0.4% | 6.90% | +0.28 |
| NVDA Nvidia Corp. | Add +9.6% | 11.38% | +0.09 |
| AMD Advanced Micro Devices | Add +14.5% | 8.49% | −0.02 |
| AAPL Apple Inc. | Add +30.0% | 0.35% | −0.11 |
| CDNS Cadence Design SYS Inc. | Add +0.8% | 0.37% | −0.11 |
| SNPS Synopsys Inc. | Add +0.8% | 0.39% | −0.12 |
| NXPI NXP Semiconductors NV | Add +14.3% | 1.02% | −0.21 |
| META Meta Platforms Inc. Class A | Add +12.4% | 4.06% | −0.41 |
| TSM Taiwan Semiconductor-SP ADR | Add +12.2% | 16.60% | −0.59 |
| GTLB Gitlab Inc. Class A | Add +14.5% | 4.37% | −1.94 |
Options Activity Q1 2025 → Q2 2025
| TSM Taiwan Semiconductor-SP ADR | put | Sold out | 297,500 | $49.4Mbefore exit |
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 | 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 |