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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 $594,482,613 across 27 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 69.27% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000935836-25-000702

Period
2025-09-30
Reported value
$594M
Holdings
27
Top 10 weight
69.27%
New
8
Sold out
7

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GOOGLnew+122,500$29.8M
DDOGnew+207,000$29.5M
CFLTnew+1,268,640$25.1M
SNOWnew+99,000$22.3M
MDBnew+68,500$21.3M

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
CLSexited-169,252-$26.4M
METAexited-26,905-$19.9M
TSMreduced-69,662-$19.5M
GDSreduced-470,025-$18.2M
NFLXexited-11,539-$15.5M

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, Q3 2025

Share positions as resolved from 13F-HR 0000935836-25-000702, largest first. % of portfolio is the value over $594,482,613, 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; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 346,504 shares; 2024Q4: 341,154 shares; 2025Q1: 319,745 shares; 2025Q2: 358,757 shares; 2025Q3: 289,095 shares 289,095$80.7M13.58%-69,662Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 573,690 shares; 2024Q4: 419,310 shares; 2025Q1: 321,715 shares; 2025Q2: 352,582 shares; 2025Q3: 276,675 shares 276,675$51.6M8.68%-75,907Timeline
BILLBILL HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 373,366 shares; 2024Q4: 153,351 shares; 2025Q1: 662,603 shares; 2025Q2: 639,820 shares; 2025Q3: 962,500 shares 962,500$51M8.58%+322,680Timeline
AMDADVANCED MICRO DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 232,458 shares; 2024Q4: 212,739 shares; 2025Q1: 255,670 shares; 2025Q2: 292,788 shares; 2025Q3: 251,113 shares 251,113$40.6M6.83%-41,675Timeline
GTLBGITLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 368,955 shares; 2024Q4: 376,803 shares; 2025Q1: 414,317 shares; 2025Q2: 474,415 shares; 2025Q3: 850,000 shares 850,000$38.3M6.45%+375,585Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,900 shares; 2024Q4: 88,172 shares; 2025Q1: 122,002 shares; 2025Q2: 122,471 shares; 2025Q3: 99,305 shares 99,305$32.8M5.51%-23,166Timeline
CHYMCHIME FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 693,530 shares; 2025Q3: 1,491,677 shares 1,491,677$30.1M5.06%+798,147Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 60,296 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 122,500 shares 122,500$29.8M5.01%newTimeline
DDOGDATADOG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 207,000 shares 207,000$29.5M4.96%newTimeline
FROGJFROG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 948,515 shares; 2024Q4: 765,018 shares; 2025Q1: 640,940 shares; 2025Q2: 608,770 shares; 2025Q3: 579,265 shares 579,265$27.4M4.61%-29,505Timeline
CFLTCONFLUENT INC-CLASS AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,268,640 shares 1,268,640$25.1M4.23%newTimeline
SNOWSNOWFLAKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 99,000 shares 99,000$22.3M3.76%newTimeline
MDBMONGODB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 68,500 shares 68,500$21.3M3.58%newTimeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 105,000 shares 105,000$18.8M3.16%newTimeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 320 shares; 2024Q4: 448 shares; 2025Q1: 7,011 shares; 2025Q2: 5,511 shares; 2025Q3: 18,485 shares 18,485$17.9M3.01%+12,974Timeline
CEGCONSTELLATION ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,037 shares; 2025Q1: 5,091 shares; 2025Q2: 4,277 shares; 2025Q3: 47,975 shares 47,975$15.8M2.66%+43,698Timeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 120,630 shares; 2025Q3: 69,303 shares 69,303$12.4M2.08%-51,327Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 118,107 shares; 2024Q4: 112,000 shares; 2025Q1: 85,851 shares; 2025Q2: 84,784 shares; 2025Q3: 50,033 shares 50,033$11M1.85%-34,751Timeline
GDSGDS HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 785,156 shares; 2025Q1: not reported; 2025Q2: 714,582 shares; 2025Q3: 244,557 shares 244,557$9.46M1.59%-470,025Timeline
CLBTCELLEBRITE DI LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 808,235 shares; 2024Q4: 578,235 shares; 2025Q1: 557,755 shares; 2025Q2: 552,755 shares; 2025Q3: 357,755 shares 357,755$6.63M1.12%-195,000Timeline
NXPINXP SEMICONDUCTORS N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,825 shares; 2024Q4: 1,600 shares; 2025Q1: 20,020 shares; 2025Q2: 22,890 shares; 2025Q3: 25,179 shares 25,179$5.73M0.96%+2,289Timeline
APPFAPPFOLIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 20,000 shares 20,000$5.51M0.93%newTimeline
MNDYMONDAY COM LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 19,843 shares 19,843$3.84M0.65%newTimeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,517 shares; 2024Q4: 52,849 shares; 2025Q1: 6,367 shares; 2025Q2: 8,276 shares; 2025Q3: 10,667 shares 10,667$2.72M0.46%+2,391Timeline
SNPSSYNOPSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 455 shares; 2025Q1: 3,675 shares; 2025Q2: 3,704 shares; 2025Q3: 3,500 shares 3,500$1.73M0.29%-204Timeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,070 shares; 2025Q3: 6,768 shares 6,768$1.66M0.28%+698Timeline
CDNSCADENCE DESIGN SYSTEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 780 shares; 2025Q1: 5,911 shares; 2025Q2: 5,956 shares; 2025Q3: 2,412 shares 2,412$847K0.14%-3,544Timeline

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
CLSCELESTICA INC169,252$26.4Mshares
METAMETA PLATFORMS INC26,905$19.9Mshares
NFLXNETFLIX INC.11,539$15.5Mshares
BLBLACKLINE INC257,518$14.6Mshares
MELIMERCADOLIBRE INC3,049$7.97Mshares
NCNONCINO INC150,820$4.22Mshares
ANSYS INCANSYS INC2,463$865Kshares

How Q3 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 0000935836-25-000702 base2025-11-14acceptance time not in the bulk data set