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LIGHT STREET CAPITAL MANAGEMENT, LLC

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13F filer, CIK 1569049, Palo Alto, CA

LIGHT STREET CAPITAL MANAGEMENT, LLC reported $358,111,761 across 21 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 83.68% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000935836-25-000378

Period
2025-03-31
Reported value
$358M
Holdings
21
Top 10 weight
83.68%
New
3
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BILLadded+509,252$23.4M
RDDTnew+176,550$18.5M
BLnew+380,988$18.4M
NCNOnew+367,537$10.1M
AVGOadded+33,830$5.66M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
MRVLexited-269,646-$29.8M
CLSexited-246,080-$22.7M
GDSexited-785,156-$18.7M
METAreduced-29,712-$17.1M
CRMexited-50,255-$16.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0000935836-25-000378, largest first. % of portfolio is the value over $308,726,761, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 346,504 shares; 2024Q4: 341,154 shares; 2025Q1: 319,745 shares 319,745$53.1M17.19%-21,409Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 573,690 shares; 2024Q4: 419,310 shares; 2025Q1: 321,715 shares 321,715$34.9M11.29%-97,595Timeline
BILLBILL HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 373,366 shares; 2024Q4: 153,351 shares; 2025Q1: 662,603 shares 662,603$30.4M9.85%+509,252Timeline
AMDADVANCED MICRO DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 232,458 shares; 2024Q4: 212,739 shares; 2025Q1: 255,670 shares 255,670$26.3M8.51%+42,931Timeline
FROGJFROG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 948,515 shares; 2024Q4: 765,018 shares; 2025Q1: 640,940 shares 640,940$20.5M6.64%-124,078Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,900 shares; 2024Q4: 88,172 shares; 2025Q1: 122,002 shares 122,002$20.4M6.62%+33,830Timeline
GTLBGITLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 368,955 shares; 2024Q4: 376,803 shares; 2025Q1: 414,317 shares 414,317$19.5M6.31%+37,514Timeline
RDDTREDDIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 176,550 shares 176,550$18.5M6%newTimeline
BLBLACKLINE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 380,988 shares 380,988$18.4M5.98%newTimeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 118,107 shares; 2024Q4: 112,000 shares; 2025Q1: 85,851 shares 85,851$16.3M5.29%-26,149Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,480 shares; 2024Q4: 53,647 shares; 2025Q1: 23,935 shares 23,935$13.8M4.47%-29,712Timeline
CLBTCELLEBRITE DI LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 808,235 shares; 2024Q4: 578,235 shares; 2025Q1: 557,755 shares 557,755$10.8M3.51%-20,480Timeline
NCNONCINO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 249,968 shares; 2024Q4: not reported; 2025Q1: 367,537 shares 367,537$10.1M3.27%newTimeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 320 shares; 2024Q4: 448 shares; 2025Q1: 7,011 shares 7,011$4.65M1.5%+6,563Timeline
NXPINXP SEMICONDUCTORS N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,825 shares; 2024Q4: 1,600 shares; 2025Q1: 20,020 shares 20,020$3.81M1.23%+18,420Timeline
ANSYS INCANSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 690 shares; 2025Q1: 5,359 shares 5,359$1.7M0.55%+4,669
SNPSSYNOPSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 455 shares; 2025Q1: 3,675 shares 3,675$1.58M0.51%+3,220Timeline
CDNSCADENCE DESIGN SYSTEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 780 shares; 2025Q1: 5,911 shares 5,911$1.5M0.49%+5,131Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,517 shares; 2024Q4: 52,849 shares; 2025Q1: 6,367 shares 6,367$1.41M0.46%-46,482Timeline
CEGCONSTELLATION ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,037 shares; 2025Q1: 5,091 shares 5,091$1.03M0.33%+4,054Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADSput297,500$49.4M0

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
MRVLMARVELL TECHNOLOGY INC269,646$29.8Mshares
CLSCELESTICA INC246,080$22.7Mshares
GDSGDS HLDGS LTD785,156$18.7Mshares
CRMSALESFORCE INC50,255$16.8Mshares
MBLYMOBILEYE GLOBAL INC766,892$15.3Mshares
ADSKAUTODESK INC50,956$15.1Mshares
MELIMERCADOLIBRE INC7,941$13.5Mshares
WDAYWORKDAY INC44,768$11.6Mshares
GOOGLALPHABET INC60,296$11.4Mshares
INDIINDIE SEMICONDUCTOR INC2,338,469$9.47Mshares
ZSZSCALER INC33,215$5.99Mshares
GEVGE VERNOVA INC16,895$5.56Mshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000935836-25-000378 base2025-05-15acceptance time not in the bulk data set