Lightspeed Management Company, L.L.C.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Lightspeed Management Company, L.L.C. reported 6 stock positions worth $322.0 million. Its top holding was Webull (BULL) at 32.8% of the portfolio, followed by Blend Labs Class A (BLND, 26.2%) and Personalis (PSNL, 16.5%). Compared with Q2 2025, it opened 2 new positions and sold out of 2. The biggest buy was a new position in Kodiak AI (KDK) and the biggest sale an exit from Grab Class A (GRAB).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001702122
- Portfolio Value
- $322.0M (Q3 2025)
- SEC Filing
- 0001702122-25-000005 ↗ filed Nov 14, 2025
Holdings Value
Holdings 6 stocks · $322.0M
| BULL Webull Corp. | 32.83% | 7,148,051 | $105.7M | No change |
| BLND Blend Labs Inc. Class A | 26.22% | 23,127,237 | $84.4M | No change |
| PSNL Personalis Inc. | 16.53% | 8,160,734 | $53.2M | No change |
| KDK Kodiak AI Inc. | 15.59% | 7,340,475 | $50.2M | New |
| OLMA Olema Pharmaceuticals Inc. | 5.87% | 1,930,894 | $18.9M | No change |
| FIG Figma Inc. Class A | 2.96% | 183,511 | $9.5M | New |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
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 |