Lightspeed Management Company, L.L.C.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Lightspeed Management Company, L.L.C. reported 7 stock positions worth $1.4 billion. Its top holding was Navan Class A (NAVN) at 61.1% of the portfolio, followed by ServiceNow (NOW, 19.6%) and Kodiak AI (KDK, 5.7%). Compared with Q3 2025, it opened 2 new positions and sold out of 1. The biggest buy was a new position in Navan Class A (NAVN) and the biggest sale an exit from Webull (BULL).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001702122
- Portfolio Value
- $1.4B (Q4 2025)
- SEC Filing
- 0001702122-26-000003 ↗ filed Feb 17, 2026
Holdings Value
Holdings 7 stocks · $1.4B
| NAVN Navan Inc. Class A | 61.06% | 49,921,454 | $852.7M | New |
| NOW ServiceNow Inc. | 19.57% | 1,783,545 | $273.2M | New |
| KDK Kodiak AI Inc. | 5.74% | 7,340,475 | $80.2M | No change |
| BLND Blend Labs Inc. Class A | 5.03% | 23,127,237 | $70.3M | No change |
| PSNL Personalis Inc. | 4.65% | 8,160,734 | $65.0M | No change |
| OLMA Olema Pharmaceuticals Inc. | 3.46% | 1,930,894 | $48.3M | No change |
| FIG Figma Inc. Class A | 0.49% | 183,511 | $6.9M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| BULL Webull Corp. | Sold out | 0.00% | −32.83 |
Portfolio Buys Q3 2025 → Q4 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 |