Sylebra Capital: 13F holdings, Q3 2023
Tiger lineage · SEC EDGAR filings (CIK 0001627436) · Explore on the interactive board
Sylebra Capital disclosed 20 US equity positions worth $1.9bn in its Q3 2023 13F filing (holdings as of September 30, 2023, filed November 15, 2023). Its largest position is ESTC at 16.9% of the reported book, followed by RNG, AMD. The top ten holdings are 83.8% of the book, and the portfolio behaves like about 11 equal-weight positions. Versus the prior filing it opened 1 new position, added to 4, reduced 9 and exited 3. Note: this manager's most recent filing is 11 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Sylebra Capital own? Top holdings as of September 30, 2023
Change is measured in shares against the previous filing (Q2 2023), so price moves do not read as decisions. This quarter: 1 new, 4 added, 9 reduced, 3 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | ESTC ELASTIC N V | Technology | 16.9% | $318.8m | 3,924,450 | -15% | reduced |
| 2 | RNG RINGCENTRAL INC | Technology | 12.9% | $242.5m | 8,183,003 | 0% | held |
| 3 | AMD ADVANCED MICRO DEVICES INC | Technology | 12.1% | $227.6m | 2,213,249 | -13% | reduced |
| 4 | PI IMPINJ INC | Technology | 11.5% | $217.3m | 3,948,566 | 39% | added |
| 5 | PCT PURECYCLE TECHNOLOGIES INC | Industrials | 8.7% | $163.8m | 29,193,256 | 0% | held |
| 6 | FIVN FIVE9 INC | Technology | 6.9% | $129.5m | 2,013,488 | -21% | reduced |
| 7 | PAGS PAGSEGURO DIGITAL LTD | Technology | 4.3% | $80.0m | 9,294,825 | -20% | reduced |
| 8 | OPEN OPENDOOR TECHNOLOGIES INC | Real Estate | 3.7% | $68.8m | 26,059,261 | -20% | reduced |
| 9 | S SENTINELONE INC | Technology | 3.5% | $65.0m | 3,854,156 | -53% | reduced |
| 10 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 3.4% | $63.9m | 1,091,965 | -15% | reduced |
| 11 | PDD PDD HOLDINGS INC | Consumer Cyclical | 3.3% | $62.4m | 636,721 | 0% | held |
| 12 | CHGG CHEGG INC | Consumer Defensive | 3.3% | $61.3m | 6,870,589 | -23% | reduced |
| 13 | BKNG BOOKING HOLDINGS INC | Consumer Cyclical | 2.3% | $44.1m | 14,294 | -49% | reduced |
| 14 | EGHT 8X8 INC NEW | Technology | 1.9% | $36.3m | 14,389,476 | 0% | held |
| 15 | BEKE KE HLDGS INC | Real Estate | 1.2% | $22.7m | 1,464,702 | 1% | added |
| 16 | ATAT ATOUR LIFESTYLE HLDGS LTD | Consumer Cyclical | 1.2% | $22.1m | 1,170,994 | 0% | held |
| 17 | AEVA AEVA TECHNOLOGIES INC | 1.1% | $20.7m | 27,101,533 | 0% | held | |
| 18 | RENEW ENERGY GLOBAL PLC | 0.7% | $14.0m | 2,571,227 | 1% | added | |
| 19 | MYT NETHERLANDS PARENT B V | 0.7% | $13.0m | 3,818,293 | 1% | added | |
| 20 | NUVEI CORPORATION | 0.4% | $8.1m | 539,665 | – | new |
What did Sylebra Capital sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| CHINDATA GROUP HLDGS LTD | 78.9% | $24.5m |
| FOUR SHIFT4 PMTS INC | 12.1% | $3.8m |
| TASK TASKUS INC | 9.0% | $2.8m |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 70.0% |
| Industrials | 8.7% |
| Consumer Cyclical | 6.8% |
| Consumer Defensive | 6.7% |
| Real Estate | 4.9% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q3 2023 | 20 | $1.9bn |
| Q2 2023 | 22 | $2.4bn |
| Q1 2023 | 20 | $2.2bn |
| Q4 2022 | 18 | $1.8bn |
| Q3 2022 | 19 | $2.0bn |
| Q2 2022 | 17 | $1.8bn |
| Q1 2022 | 16 | $2.3bn |
| Q4 2021 | 22 | $3.1bn |
| Q3 2021 | 25 | $4.4bn |
| Q2 2021 | 23 | $4.0bn |
| Q1 2021 | 25 | $3.9bn |
| Q4 2020 | 26 | $3.9bn |
| Q3 2020 | 29 | $3.3bn |
| Q2 2020 | 33 | $3.2bn |
| Q4 2019 | 26 | $2.5bn |
| Q3 2019 | 27 | $2.3bn |
Earliest filing: Q4 2014 · 35 quarters on file
How concentrated is Sylebra Capital's portfolio?
Across every quarter Sylebra Capital has filed, its median largest position is 16.9% of the book and its median top-ten weight is 85.9%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 109 completed holding spells, the median lasted 3.0 quarters; 20 positions are still open and their final length is unknown.