WhaleCreep

Light Street Capital Management, LLC 13F holdings, Q2 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-06-30, filed 2020-08-14

Light Street Capital Management, LLC disclosed 39 US equity positions worth $2.0bn in its Q2 2020 13F filing. Its largest position is SE at 7.9% of the reported book, followed by STNE and NFLX. Versus Q1 2020 it opened 10 new positions, added to 8, reduced 20 and exited 16.

$2.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
39
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.9%
Largest position
The largest single position as a share of the reported equity book.
41.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
30
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
55
Quarters on file since Q4 2012
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q1 2020: 10 new, 8 added, 20 reduced, 16 exited

39 rows
SE SEA LTDConsumer Cyclical7.9%$160m1.49m−36%reduced
STNE STONECO LTDTechnology5.6%$113m2.91m+84%added
NFLX NETFLIX INC.Communication Services3.8%$78.1m171,595−13%reduced
ETSY ETSY INCConsumer Cyclical3.8%$77.1m725,600–new
JD JD.COM INCConsumer Cyclical3.8%$76.4m1.27m+23%added
CREE INC no ticker–3.7%$74.8m1.26m+21%added
TLND TALEND S A–3.5%$72.0m2.08m+96%added
MTCH MATCH GROUP INCCommunication Services3.3%$67.9m634,209−39%reduced
AMZN AMAZON COM INCConsumer Cyclical3.2%$66.0m23,928−58%reduced
PYPL PAYPAL HLDGS INCFinancial Services3.2%$65.1m373,500−29%reduced
CRWD CROWDSTRIKE HLDGS INCTechnology3.1%$63.7m635,037−45%reduced
DT DYNATRACE INCTechnology3.1%$63.5m1.57m−21%reduced
META META PLATFORMS INCCommunication Services3.0%$61.9m272,800+31%added
ASML ASML HLDG NVTechnology3.0%$61.8m167,998−16%reduced
GRUBHUB INC no ticker–2.9%$59.0m838,794–new
VYX NCR VOYIX CORPORATIONTechnology2.9%$58.5m3.38m+366%added
GDS GDS HLDGS LTDTechnology2.9%$58.4m733,154−13%reduced
DDOG DATADOG INCTechnology2.7%$54.1m622,676−53%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical2.5%$51.4m238,200−8.3%reduced
AVGO BROADCOM INCTechnology2.5%$49.9m158,110−31%reduced
ATVIEUR ACTIVISION BLIZZARD INC–2.4%$49.4m651,200−24%reduced
VNET VNET GROUP INCTechnology2.3%$47.6m1.99m–new
MELI MERCADOLIBREConsumer Cyclical2.3%$46.6m47,245–new
PTON PELOTON INTERACTIVE INCConsumer Cyclical2.3%$45.7m791,896–new
TAL TAL EDUCATION GROUPConsumer Defensive2.1%$43.5m635,500+46%added
W WAYFAIR INCConsumer Cyclical2.1%$41.7m211,100−82%reduced
SMARGBP SMARTSHEET INC–2.0%$40.4m793,644−31%reduced
ZM ZOOM COMMUNICATIONS INCTechnology2.0%$40.2m158,600–new
LYV LIVE NATION ENTERTAINMENT INCommunication Services1.8%$37.4m844,332+16%added
FIVN FIVE9 INCTechnology1.8%$37.3m336,974−45%reduced
MSFT MICROSOFT CORPTechnology1.7%$33.8m166,100−42%reduced
LX LEXINFINTECH HLDGS LTDFinancial Services1.5%$30.7m2.88m–new
ACEL ACCEL ENTERTAINMENT INCConsumer Cyclical1.3%$27.4m2.84m–new
CHWY CHEWY INCConsumer Cyclical1.1%$22.1m493,500–new
WORK SLACK TECHNOLOGIES INC–1.1%$21.9m705,495−83%reduced
QFIN QFIN HOLDINGS INCFinancial Services0.8%$17.0m1.59m–new
LYFT LYFT INCTechnology0.5%$9.9m301,214−86%reduced
UBER UBER TECHNOLOGIES INCTechnology0.2%$4.3m139,846−93%reduced
PINS PINTEREST INCCommunication Services0.09%$1.8m81,9400.0%held

Exited since Q1 2020

16 rows
GILD GILEAD SCIENCES INC2.7%$52.2m
GDDY GODADDY INC2.1%$40.2m
RNG RINGCENTRAL INC1.9%$36.0m
TSLA TESLA INC1.9%$35.5m
VIPS VIPSHOP HOLDINGS LIMITED1.7%$32.1m
NCLH NORWEGIAN CRUISE LINE HLDGS1.6%$31.0m
V VISA INC1.5%$29.4m
RCL ROYAL CARIBBEAN CRUISES LTD1.5%$28.9m
AYAEUR STARS GROUP INC1.3%$25.6m
REGN REGENERON PHARMACEUTICALS1.3%$25.4m
CCL CARNIVAL CORP1.3%$25.3m
SY SO YOUNG INTERNATIONAL INC1.0%$18.7m
MIMECAST LTD no ticker0.8%$14.7m
WDAY WORKDAY INC0.7%$13.5m
GSUM GRIDSUM HLDG INC0.10%$1.9m
MA MASTERCARD INC0.07%$1.4m

Sector mix

  • Technology34.3%
  • Consumer Cyclical30.2%
  • Unclassified15.6%
  • Communication Services12.2%
  • Financial Services5.6%
  • Consumer Defensive2.1%

Book over time

Every quarter on file (55)
QuarterPositionsEquity book
Q2 202627$851m
Q1 202623$497m
Q4 202524$650m
Q3 202527$594m
Q2 202526$490m
Q1 202520$309m
Q4 202429$486m
Q3 202421$404m
Q2 202425$417m
Q1 202421$399m
Q4 202321$334m
Q3 202323$340m
Q2 202321$377m
Q1 202323$410m
Q4 202226$268m
Q3 202230$393m
Q2 202231$686m
Q1 202238$1.3bn
Q4 202146$1.7bn
Q3 202151$2.0bn
Q2 202166$2.3bn
Q1 202146$1.9bn
Q4 202044$3.4bn
Q3 202044$2.8bn
Q2 202039$2.0bn
Q1 202045$1.9bn
Q4 201928$1.7bn
Q3 201928$1.4bn
Q2 201929$1.9bn
Q1 201922$1.2bn
Q4 201826$1.1bn
Q3 201822$1.2bn
Q2 201824$1.2bn
Q1 201824$1.1bn
Q4 201721$729m
Q3 201721$995m
Q2 201720$912m
Q1 201731$1.2bn
Q4 201625$732m
Q3 201621$682m
Q2 201621$539m
Q1 201623$575m
Q4 201522$634m
Q3 201523$550m
Q2 201532$620m
Q1 201528$589m
Q4 201432$557m
Q3 201434$707m
Q2 201444$723m
Q1 201440$546m
Q4 201345$469m
Q3 201339$305m
Q2 201337$224m
Q1 201323$142m
Q4 201224$125m

Where Light Street Capital Management, LLC was early

87 rows
EXPE EXPEDIA GROUP INCQ1 201319 of 2342.1%9.3%10Exited by Q3 2022+58%
EGHT 8X8 INC NEWQ2 20131 of 1021.1%1.9%5Exited by Q3 2014−1.9%
NOW SERVICENOW INCQ2 20131 of 2881.1%3.2%11Exited by Q1 2022+1507%
VNET 21VIANET GROUP INCQ2 20131 of 1314.0%6.1%9Exited by Q3 2020+111%
CSOD CORNERSTONE ONDEMAND INCQ2 20134 of 1060.6%2.0%4Exited by Q4 2016–
PFPT PROOFPOINT INCQ2 20134 of 1121.0%6.2%11Exited by Q1 2019+591%
WDAY WORKDAY INCQ2 20135 of 2632.9%4.1%8Exited by Q1 2025+303%
PANW PALO ALTO NETWORKS INCQ2 20136 of 2421.4%7.7%16Exited by Q3 2023+1718%
ADBE ADOBE INCQ2 20138 of 2753.7%3.7%3Exited by Q2 2024+1008%
2663134D BITAUTO HLDGS LTDQ3 20131 of 673.5%4.1%4Exited by Q4 2014+223%
DDD 3-D SYS CORP DELQ3 20132 of 1000.6%3.1%3Exited by Q3 2014+11%
SSYS STRATASYS LTDQ3 20132 of 940.3%1.5%2Exited by Q1 2014+33%
VIPS VIPSHOP HLDGS LTDQ3 20133 of 1510.7%6.1%11Exited by Q2 2020+174%
META META PLATFORMS INCQ3 201310 of 3843.5%13.4%36Exited by Q3 2025+1369%
ATHM AUTOHOME INCQ4 20132 of 1004.1%5.0%7Exited by Q3 2015+38%
SIRI SIRIUS XM HLDGS INCQ4 20132 of 1852.7%3.1%8Exited by Q4 2015+7.2%
OLED UNIVERSAL DISPLAY CORPQ4 20133 of 1420.3%3.0%8Exited by Q4 2018+243%
ATML ATMEL CORPQ4 20136 of 561.9%2.4%3Exited by Q3 2014+20%
NBIS YANDEX N VQ4 20136 of 2491.6%9.4%14Exited by Q4 2019−59%
LYV LIVE NATION ENTERTAINMENT INQ4 201322 of 2160.6%2.4%6Exited by Q2 2021+328%
RMBS RAMBUS INC DELQ1 20142 of 1201.1%2.0%3Exited by Q4 2014+16%
NFLX NETFLIX INCQ1 201412 of 3014.5%8.9%26Exited by Q1 2026+1764%
JD JD.COM INCQ2 20141 of 2332.4%9.4%12Exited by Q1 2021+208%
DATA TABLEAU SOFTWARE INCQ2 20147 of 1151.4%4.7%9Exited by Q3 2016+106%
AMZN AMAZON COM INCQ4 201423 of 3782.8%10.0%43Held at last filing, Q2 2026+1436%
SHOP SHOPIFY INCQ2 20151 of 2643.9%10.7%13Exited by Q4 2020+2913%
HUBS HUBSPOT INCQ3 20153 of 2203.4%3.6%8Exited by Q3 2021+1157%
MELI MERCADOLIBRE INCQ1 20166 of 2242.0%6.0%15Held at last filing, Q2 2026+1340%
W WAYFAIR INCQ2 20167 of 2417.1%14.0%15Exited by Q1 2021+479%
TTWO TAKE-TWO INTERACTIVE SOFTWARQ2 201613 of 2132.8%6.1%10Exited by Q1 2022+369%
IMAX IMAX CORPQ3 20169 of 1161.9%4.6%6Exited by Q1 2018−20%
TSLA TESLA INCQ3 20169 of 2901.2%7.5%17Exited by Q4 2023+1740%
GDS GDS HLDGS LTDQ4 20161 of 1641.5%4.5%15Held at last filing, Q2 2026+249%
TRVG TRIVAGO N VQ4 20163 of 522.1%2.2%3Exited by Q3 2017+101%
BL BLACKLINE INCQ4 20164 of 1686.3%6.3%6Exited by Q3 2025+105%
XYZ SQUARE INCQ4 20167 of 2793.5%6.2%9Exited by Q4 2021+1660%
WIX WIX COM LTDQ1 20177 of 2102.3%7.8%3Exited by Q4 2017+5.8%
STMP STAMPS COM INCQ1 20179 of 1022.2%7.7%8Exited by Q1 2019+32%
MTCH MATCH GROUP INC NEWQ2 20175 of 2394.4%10.4%19Exited by Q2 2022+526%
SFIX STITCH FIX INCQ4 20172 of 1223.9%4.7%6Exited by Q2 2019+9.3%
OKTA OKTA INCQ4 20174 of 2572.5%3.7%6Exited by Q4 2023+218%
TAL TAL EDUCATION GROUPQ4 20178 of 1103.5%3.5%5Exited by Q4 2020+156%
DBX DROPBOX INCQ1 20184 of 1842.9%2.9%2Exited by Q3 2018+3.7%
PAGS PAGSEGURO DIGITAL LTDQ1 20184 of 1677.1%7.3%3Exited by Q4 2018−28%
MSGS MADISON SQUARE GARDEN CO NEWQ1 20188 of 1504.1%6.9%3Exited by Q4 2018+28%
NVDA NVIDIA CORPORATIONQ1 201832 of 3976.5%17.7%22Held at last filing, Q2 2026+3356%
SPOT SPOTIFY TECHNOLOGY S AQ2 201814 of 2814.0%4.4%7Exited by Q1 2020−11%
FTCHQ FARFETCH LTDQ3 20181 of 1733.4%7.8%5Exited by Q4 2019−68%
STNE STONECO LTDQ4 20182 of 1501.4%5.6%8Exited by Q1 2021+355%
MDB MONGODB INCQ4 20188 of 2283.9%7.0%4Held at last filing, Q2 2026+301%

Concentration and tenure

10.7%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
66.2%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters