Light Street Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Light Street Capital Management, LLC reported 27 stock positions worth $594.5 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 13.6% of the portfolio, followed by Nvidia (NVDA, 8.7%) and Bill (BILL, 8.6%). Compared with Q2 2025, it opened 8 new positions, sold out of 7, added to 8 and reduced 11. The biggest buy was a new position in Alphabet Class A (GOOGL) and the biggest sale an exit from Celestica (CLS).
- Most Recent 13F
- Q2 2026
- Location
- Palo Alto, CA
- CIK
- 0001569049
- Portfolio Value
- $594.5M (Q3 2025)
- SEC Filing
- 0000935836-25-000702 ↗ filed Nov 14, 2025
Holdings Value
Holdings 27 stocks · $594.5M
| TSM Taiwan Semiconductor-SP ADR | 13.58% | 289,095 | $80.7M | Reduce -19.4% |
| NVDA Nvidia Corp. | 8.68% | 276,675 | $51.6M | Reduce -21.5% |
| BILL Bill Holdings Inc. | 8.58% | 962,500 | $51.0M | Add +50.4% |
| AMD Advanced Micro Devices | 6.83% | 251,113 | $40.6M | Reduce -14.2% |
| GTLB Gitlab Inc. Class A | 6.45% | 850,000 | $38.3M | Add +79.2% |
| AVGO Broadcom Inc. | 5.51% | 99,305 | $32.8M | Reduce -18.9% |
| CHYM Chime Financial Inc. Class A | 5.06% | 1,491,677 | $30.1M | Add +115.1% |
| GOOGL Alphabet Inc. Class A | 5.01% | 122,500 | $29.8M | New |
| DDOG Datadog Inc. Class A | 4.96% | 207,000 | $29.5M | New |
| FROG Jfrog Ltd. | 4.61% | 579,265 | $27.4M | Reduce -4.8% |
| CFLT Confluent Inc. Class A | 4.23% | 1,268,640 | $25.1M | New |
| SNOW Snowflake Inc. | 3.76% | 99,000 | $22.3M | New |
| MDB Mongodb Inc. | 3.58% | 68,500 | $21.3M | New |
| BABA Alibaba Group Holding-SP ADR | 3.16% | 105,000 | $18.8M | New |
| ASML ASML Holding NV-NY Reg SHS | 3.01% | 18,485 | $17.9M | Add +235.4% |
| CEG Constellation Energy | 2.66% | 47,975 | $15.8M | Add +1021.7% |
| SE Sea Ltd.-ADR | 2.08% | 69,303 | $12.4M | Reduce -42.5% |
| AMZN Amazon.com Inc. | 1.85% | 50,033 | $11.0M | Reduce -41.0% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 1.59% | 244,557 | $9.5M | Reduce -65.8% |
| CLBT Cellebrite Di Ltd. | 1.12% | 357,755 | $6.6M | Reduce -35.3% |
| NXPI NXP Semiconductors NV | 0.96% | 25,179 | $5.7M | Add +10.0% |
| APPF Appfolio Inc. Class A | 0.93% | 20,000 | $5.5M | New |
| MNDY Monday.com Ltd. | 0.65% | 19,843 | $3.8M | New |
| AAPL Apple Inc. | 0.46% | 10,667 | $2.7M | Add +28.9% |
| SNPS Synopsys Inc. | 0.29% | 3,500 | $1.7M | Reduce -5.5% |
| ADI Analog Devices Inc. | 0.28% | 6,768 | $1.7M | Add +11.5% |
| CDNS Cadence Design SYS Inc. | 0.14% | 2,412 | $847K | Reduce -59.5% |
Portfolio Sells Q2 2025 → Q3 2025
| CLS Celestica Inc. | Sold out | 0.00% | −5.40 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −4.06 |
| NFLX Netflix Inc. | Sold out | 0.00% | −3.16 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -19.4% | 13.58% | −3.02 |
| BL Blackline Inc. | Sold out | 0.00% | −2.98 |
| GDS GDS Holdings Ltd. - ADR | Reduce -65.8% | 1.59% | −2.87 |
| NVDA Nvidia Corp. | Reduce -21.5% | 8.68% | −2.70 |
| AMZN Amazon.com Inc. | Reduce -41.0% | 1.85% | −1.95 |
| SE Sea Ltd.-ADR | Reduce -42.5% | 2.08% | −1.86 |
| AMD Advanced Micro Devices | Reduce -14.2% | 6.83% | −1.65 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −1.63 |
| AVGO Broadcom Inc. | Reduce -18.9% | 5.51% | −1.39 |
| NCNO Ncino Inc. | Sold out | 0.00% | −0.86 |
| FROG Jfrog Ltd. | Reduce -4.8% | 4.61% | −0.84 |
| CLBT Cellebrite Di Ltd. | Reduce -35.3% | 1.12% | −0.69 |
| CDNS Cadence Design SYS Inc. | Reduce -59.5% | 0.14% | −0.23 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.18 |
| SNPS Synopsys Inc. | Reduce -5.5% | 0.29% | −0.10 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | New | 5.01% | +5.01 |
| DDOG Datadog Inc. Class A | New | 4.96% | +4.96 |
| CFLT Confluent Inc. Class A | New | 4.23% | +4.23 |
| SNOW Snowflake Inc. | New | 3.76% | +3.76 |
| MDB Mongodb Inc. | New | 3.58% | +3.58 |
| BABA Alibaba Group Holding-SP ADR | New | 3.16% | +3.16 |
| BILL Bill Holdings Inc. | Add +50.4% | 8.58% | +2.53 |
| CEG Constellation Energy | Add +1021.7% | 2.66% | +2.37 |
| ASML ASML Holding NV-NY Reg SHS | Add +235.4% | 3.01% | +2.11 |
| GTLB Gitlab Inc. Class A | Add +79.2% | 6.45% | +2.07 |
| APPF Appfolio Inc. Class A | New | 0.93% | +0.93 |
| MNDY Monday.com Ltd. | New | 0.65% | +0.65 |
| CHYM Chime Financial Inc. Class A | Add +115.1% | 5.06% | +0.17 |
| AAPL Apple Inc. | Add +28.9% | 0.46% | +0.11 |
| ADI Analog Devices Inc. | Add +11.5% | 0.28% | −0.02 |
| NXPI NXP Semiconductors NV | Add +10.0% | 0.96% | −0.06 |
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 |