Brightlight Capital Management LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Brightlight Capital Management LP disclosed 9 US equity positions worth $140.7m in its Q4 2025 13F filing. The largest position was CVNA at 27.8% of the reported book, followed by KSPI and ARCO. Against the Q3 2025 filing, it opened 0 new positions, added to 2 and reduced 6 among the top 9 holdings.
What did Brightlight Capital Management LP own in Q4 2025? Top 9 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | CVNA CARVANA CO | Consumer Cyclical | 27.8% | $39.2m | 92,800 | -18% | reduced |
| 2 | KSPI KASPI KZ JSC | 24.0% | $33.8m | 432,000 | 0% | held | |
| 3 | ARCO ARCOS DORADOS HOLDINGS INC | Consumer Cyclical | 18.1% | $25.4m | 3,466,800 | 55% | added |
| 4 | HGV HILTON GRAND VACATIONS INC | Consumer Cyclical | 9.6% | $13.6m | 303,200 | -21% | reduced |
| 5 | SFD SMITHFIELD FOODS INC | Consumer Defensive | 7.2% | $10.1m | 450,800 | -2% | reduced |
| 6 | MLCO MELCO RESORTS AND ENTMNT LTD | Consumer Cyclical | 5.8% | $8.1m | 1,070,400 | -13% | reduced |
| 7 | AAMI ACADIAN ASSET MANAGEMENT INC | Financial Services | 3.6% | $5.1m | 107,900 | -28% | reduced |
| 8 | PAL PROFICIENT AUTO LOGISTICS IN | 2.5% | $3.5m | 358,700 | 24% | added | |
| 9 | SNBRQ SLEEP NUMBER CORP | Consumer Cyclical | 1.4% | $2.0m | 239,500 | -78% | reduced |
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.