Brightlight Capital Management LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Brightlight Capital Management LP disclosed 10 US equity positions worth $165.2m in its Q3 2025 13F filing. The largest position was CVNA at 25.8% of the reported book, followed by KSPI and HEPS. Against the Q2 2025 filing, it opened 1 new position, added to 1 and reduced 3 among the top 10 holdings.
What did Brightlight Capital Management LP own in Q3 2025? Top 10 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | CVNA CARVANA CO | Consumer Cyclical | 25.8% | $42.7m | 113,200 | -28% | reduced |
| 2 | KSPI KASPI KZ JSC | 21.4% | $35.3m | 432,000 | 0% | held | |
| 3 | HEPS D MARKET ELECTR SVCS & TRADI | 10.3% | $17.0m | 6,305,000 | 0% | held | |
| 4 | HGV HILTON GRAND VACATIONS INC | Consumer Cyclical | 9.7% | $16.0m | 382,700 | 0% | held |
| 5 | ARCO ARCOS DORADOS HOLDINGS INC | Consumer Cyclical | 9.1% | $15.1m | 2,234,000 | 18% | added |
| 6 | MLCO MELCO RESORTS AND ENTMNT LTD | Consumer Cyclical | 6.9% | $11.3m | 1,235,300 | -23% | reduced |
| 7 | SFD SMITHFIELD FOODS INC | Consumer Defensive | 6.6% | $10.9m | 462,200 | 0% | held |
| 8 | SNBRQ SLEEP NUMBER CORP | Consumer Cyclical | 4.7% | $7.8m | 1,111,700 | 0% | held |
| 9 | AAMI ACADIAN ASSET MANAGEMENT INC | Financial Services | 4.4% | $7.2m | 150,100 | -25% | reduced |
| 10 | PAL PROFICIENT AUTO LOGISTICS IN | 1.2% | $2.0m | 290,077 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.