Lightspeed Management Company, L.L.C.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Lightspeed Management Company, L.L.C. reported 9 stock positions worth $136.5 million. Its top holding was Blend Labs Class A (BLND) at 56.8% of the portfolio, followed by Personalis (PSNL, 21.0%) and Grab Class A (GRAB, 7.0%). Compared with Q4 2024, it opened 1 new position, sold out of 2 and reduced 1. The biggest buy was a new position in Upbound (UPBD) and the biggest sale an exit from Hesai (HSAI).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001702122
- Portfolio Value
- $136.5M (Q1 2025)
- SEC Filing
- 0001415889-25-013157 ↗ filed May 15, 2025
Holdings Value
Holdings 9 stocks · $136.5M
| BLND Blend Labs Inc. Class A | 56.76% | 23,127,237 | $77.5M | No change |
| PSNL Personalis Inc. | 20.99% | 8,160,734 | $28.6M | No change |
| GRAB Grab Holdings Ltd. Class A | 7.02% | 2,114,734 | $9.6M | No change |
| UPBD Upbound Group Inc. | 6.74% | 384,160 | $9.2M | New |
| OLMA Olema Pharmaceuticals Inc. | 5.32% | 1,930,894 | $7.3M | No change |
| HLVX Hillevax Inc. | 2.45% | 2,303,871 | $3.3M | Reduce -1.6% |
| ACCD Accolade Inc. | 0.34% | 66,578 | $465K | No change |
| CRM Salesforce Inc. | 0.24% | 1,237 | $332K | No change |
| VIR Vir Biotechnology Inc. | 0.13% | 28,421 | $184K | No change |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| UPBD Upbound Group Inc. | New | 6.74% | +6.74 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 8 | $2.4B | SPCX, NAVN, PSNL, ODTX, KDK |
| Q1 2026 | 8 | $988.0M | NAVN, NOW, PSNL, KDK, BLND |
| Q4 2025 | 7 | $1.4B | NAVN, NOW, KDK, BLND, PSNL |
| Q3 2025 | 6 | $322.0M | BULL, BLND, PSNL, KDK, OLMA |
| Q2 2025 | 6 | $238.8M | BULL, BLND, PSNL, GRAB, OLMA |
| Q1 2025 | 9 | $136.5M | BLND, PSNL, GRAB, UPBD, OLMA |
| Q4 2024Amended | 10 | $283.6M | HSAI, BLND, PSNL, OLMA, GRAB |