Sylebra Capital LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 16, 2025), Sylebra Capital LLC reported 24 stock positions worth $2.0 billion. Its top holding was Paycom Software (PAYC) at 17.1% of the portfolio, followed by Purecycle Technologies (PCT, 11.9%) and Elastic (ESTC, 11.5%). Compared with Q4 2024, it opened 1 new position, sold out of 3, added to 6 and reduced 15. The biggest buy was Aeva Technologies (AEVA, shares +56%) and the biggest sale FIVE9 (FIVN, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- PALO ALTO, CA
- CIK
- 0002003074
- Portfolio Value
- $2.0B (Q1 2025)
- SEC Filing
- 0001085146-25-003360 ↗ filed May 16, 2025
Holdings Value
Holdings 24 stocks · $2.0B
| PAYC Paycom Software Inc. | 17.06% | 1,549,872 | $338.6M | Reduce -21.0% |
| PCT Purecycle Technologies Inc. | 11.88% | 34,077,574 | $235.8M | Add +1.9% |
| ESTC Elastic NV | 11.46% | 2,552,554 | $227.4M | Reduce -9.0% |
| PI Impinj Inc. | 9.73% | 2,129,260 | $193.1M | No change |
| S Sentinelone Inc. Class A | 9.68% | 10,573,052 | $192.2M | Add +10.0% |
| RNG Ringcentral Inc. Class A | 9.40% | 7,536,223 | $186.6M | No change |
| AEVA Aeva Technologies Inc. | 5.72% | 16,228,553 | $113.6M | Add +56.4% |
| AMD Advanced Micro Devices | 3.97% | 766,382 | $78.7M | Reduce -30.6% |
| YMM Full Truck Alliance -SPN ADR | 2.67% | 4,143,748 | $52.9M | Reduce -36.3% |
| RUN Sunrun Inc. | 2.44% | 8,273,331 | $48.5M | Add +23.8% |
| XMTR Xometry Inc. Class A | 2.36% | 1,881,624 | $46.9M | Add +2.5% |
| PAGS Pagseguro Digital Ltd. Class A | 2.31% | 6,013,961 | $45.9M | Reduce -21.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.83% | 3,555,632 | $36.4M | Add +51.0% |
| EGHT 8X8 Inc. | 1.42% | 14,085,649 | $28.2M | Reduce -2.1% |
| PDD PDD Holdings Inc. | 1.41% | 236,611 | $28.0M | Reduce -40.8% |
| LUXE Luxexperience BV filed as MYT NETHERLANDS PARENT B V | 1.40% | 3,688,354 | $27.9M | Reduce -6.3% |
| FIVN FIVE9 Inc. | 1.24% | 905,212 | $24.6M | Reduce -61.5% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.81% | 802,139 | $16.1M | Reduce -28.9% |
| SE Sea Ltd.-ADR | 0.76% | 115,941 | $15.1M | Reduce -4.3% |
| ATAT Atour Lifestyle Holdings-ADR | 0.75% | 525,026 | $14.9M | Reduce -30.8% |
| MNSO Miniso Group Holding Ltd.-ADR | 0.73% | 779,543 | $14.4M | Reduce -5.6% |
| EDU New Oriental Educatio-SP ADR | 0.46% | 192,024 | $9.2M | Reduce -4.9% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.38% | 74,537 | $7.6M | New |
| NOVAQ Sunnova Energy International | 0.10% | 5,561,874 | $2.1M | Reduce -54.1% |
Portfolio Sells Q4 2024 → Q1 2025
| FIVN FIVE9 Inc. | Reduce -61.5% | 1.24% | −2.35 |
| DESP Despegar.com Corp. | Sold out | 0.00% | −2.11 |
| NOVAQ Sunnova Energy International | Reduce -54.1% | 0.10% | −1.45 |
| AMD Advanced Micro Devices | Reduce -30.6% | 3.97% | −1.03 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.21 |
| OPEN Opendoor Technologies Inc. | Sold out | 0.00% | −0.10 |
| PDD PDD Holdings Inc. | Reduce -40.8% | 1.41% | −0.04 |
| EDU New Oriental Educatio-SP ADR | Reduce -4.9% | 0.46% | −0.02 |
| EGHT 8X8 Inc. | Reduce -2.1% | 1.42% | −0.02 |
| ATAT Atour Lifestyle Holdings-ADR | Reduce -30.8% | 0.75% | −0.01 |
| MNSO Miniso Group Holding Ltd.-ADR | Reduce -5.6% | 0.73% | −0.01 |
| YMM Full Truck Alliance -SPN ADR | Reduce -36.3% | 2.67% | +0.03 |
| BEKE Ke Holdings Inc.-ADR | Reduce -28.9% | 0.81% | +0.03 |
| SE Sea Ltd.-ADR | Reduce -4.3% | 0.76% | +0.28 |
| LUXE Luxexperience BV | Reduce -6.3% | 1.40% | +0.36 |
| PAGS Pagseguro Digital Ltd. Class A | Reduce -21.1% | 2.31% | +0.52 |
| ESTC Elastic NV | Reduce -9.0% | 11.46% | +1.05 |
| PAYC Paycom Software Inc. | Reduce -21.0% | 17.06% | +1.99 |
Portfolio Buys Q4 2024 → Q1 2025
| AEVA Aeva Technologies Inc. | Add +56.4% | 5.72% | +3.88 |
| S Sentinelone Inc. Class A | Add +10.0% | 9.68% | +1.69 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +51.0% | 1.83% | +0.92 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.38% | +0.38 |
| RUN Sunrun Inc. | Add +23.8% | 2.44% | +0.13 |
| XMTR Xometry Inc. Class A | Add +2.5% | 2.36% | −0.57 |
| PCT Purecycle Technologies Inc. | Add +1.9% | 11.88% | −0.97 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 9 | $944.5M | AEVA, PCT, PI, ESTC, PAYC |
| Q1 2026 | 11 | $773.7M | AEVA, PCT, PI, PAYC, ESTC |
| Q4 2025 | 11 | $1.2B | PCT, AEVA, PI, PAYC, ESTC |
| Q3 2025 | 11 | $1.8B | PCT, PI, PAYC, AEVA, ESTC |
| Q2 2025 | 17 | $2.5B | AEVA, PCT, PAYC, PI, ESTC |
| Q1 2025 | 24 | $2.0B | PAYC, PCT, ESTC, PI, S |
| Q4 2024Amended | 26 | $2.7B | PAYC, PCT, PI, ESTC, RNG |
| Q3 2024 | 28 | $3.0B | PI, PAYC, PCT, RNG, S |
| Q2 2024 | 30 | $2.7B | PI, ESTC, PAYC, RNG, PCT |
| Q1 2024 | 29 | $3.0B | PI, ESTC, RNG, PAYC, AMD |