Light Street Capital Management 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Light Street Capital Management disclosed 27 US equity positions worth $594.5m in its Q3 2025 13F filing. The largest position was TSM at 13.6% of the reported book, followed by NVDA and BILL. Against the Q2 2025 filing, it opened 8 new positions, added to 8 and reduced 11 among the top 27 holdings.
What did Light Street Capital Management own in Q3 2025? Top 27 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 13.6% | $80.7m | 289,095 | -19% | reduced |
| 2 | NVDA NVIDIA CORPORATION | Technology | 8.7% | $51.6m | 276,675 | -22% | reduced |
| 3 | BILL BILL HOLDINGS INC | Technology | 8.6% | $51.0m | 962,500 | 50% | added |
| 4 | AMD ADVANCED MICRO DEVICES INC | Technology | 6.8% | $40.6m | 251,113 | -14% | reduced |
| 5 | GTLB GITLAB INC | Technology | 6.4% | $38.3m | 850,000 | 79% | added |
| 6 | AVGO BROADCOM INC | Technology | 5.5% | $32.8m | 99,305 | -19% | reduced |
| 7 | CHYM CHIME FINL INC | Technology | 5.1% | $30.1m | 1,491,677 | 115% | added |
| 8 | GOOGL ALPHABET INC | Communication Services | 5.0% | $29.8m | 122,500 | – | new |
| 9 | DDOG DATADOG INC | Technology | 5.0% | $29.5m | 207,000 | – | new |
| 10 | FROG JFROG LTD | Technology | 4.6% | $27.4m | 579,265 | -5% | reduced |
| 11 | 8QR CONFLUENT INC | 4.2% | $25.1m | 1,268,640 | – | new | |
| 12 | SNOW SNOWFLAKE INC | Technology | 3.8% | $22.3m | 99,000 | – | new |
| 13 | MDB MONGODB INC | Technology | 3.6% | $21.3m | 68,500 | – | new |
| 14 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 3.2% | $18.8m | 105,000 | – | new |
| 15 | ASML ASML HOLDING N V | Technology | 3.0% | $17.9m | 18,485 | 235% | added |
| 16 | CEG CONSTELLATION ENERGY CORP | Utilities | 2.7% | $15.8m | 47,975 | 1022% | added |
| 17 | SE SEA LTD | Consumer Cyclical | 2.1% | $12.4m | 69,303 | -43% | reduced |
| 18 | AMZN AMAZON COM INC | Consumer Cyclical | 1.8% | $11.0m | 50,033 | -41% | reduced |
| 19 | GDS GDS HLDGS LTD | Technology | 1.6% | $9.5m | 244,557 | -66% | reduced |
| 20 | CLBT CELLEBRITE DI LTD | Technology | 1.1% | $6.6m | 357,755 | -35% | reduced |
| 21 | NXPI NXP SEMICONDUCTORS N V | Technology | 1.0% | $5.7m | 25,179 | 10% | added |
| 22 | APPF APPFOLIO INC | Technology | 0.9% | $5.5m | 20,000 | – | new |
| 23 | MNDY MONDAY COM LTD | Technology | 0.6% | $3.8m | 19,843 | – | new |
| 24 | AAPL APPLE INC | Technology | 0.5% | $2.7m | 10,667 | 29% | added |
| 25 | SNPS SYNOPSYS INC | Technology | 0.3% | $1.7m | 3,500 | -6% | reduced |
| 26 | ADI ANALOG DEVICES INC | Technology | 0.3% | $1.7m | 6,768 | 11% | added |
| 27 | CDNS CADENCE DESIGN SYSTEM INC | Technology | 0.1% | $847.2k | 2,412 | -60% | 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.