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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 $649,794,759 across 24 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 76.35% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000935836-26-000112

Period
2025-12-31
Reported value
$650M
Holdings
24
Top 10 weight
76.35%
New
6
Sold out
9

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CHYMadded+1,218,612$30.7M
RDDTnew+90,000$20.7M
NFLXnew+200,000$18.8M
AMPLnew+1,500,000$17.4M
AVGOadded+44,474$15.4M

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
DDOGexited-207,000-$29.5M
SNOWexited-99,000-$22.3M
MDBexited-68,500-$21.3M
BABAexited-105,000-$18.8M
SEexited-69,303-$12.4M

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, Q4 2025

Share positions as resolved from 13F-HR 0000935836-26-000112, largest first. % of portfolio is the value over $649,794,759, 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; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 346,504 shares; 2024Q4: 341,154 shares; 2025Q1: 319,745 shares; 2025Q2: 358,757 shares; 2025Q3: 289,095 shares; 2025Q4: 268,392 shares 268,392$81.6M12.55%-20,703Timeline
CHYMCHIME FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 693,530 shares; 2025Q3: 1,491,677 shares; 2025Q4: 2,710,289 shares 2,710,289$68.2M10.5%+1,218,612Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 573,690 shares; 2024Q4: 419,310 shares; 2025Q1: 321,715 shares; 2025Q2: 352,582 shares; 2025Q3: 276,675 shares; 2025Q4: 340,000 shares 340,000$63.4M9.76%+63,325Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,900 shares; 2024Q4: 88,172 shares; 2025Q1: 122,002 shares; 2025Q2: 122,471 shares; 2025Q3: 99,305 shares; 2025Q4: 143,779 shares 143,779$49.8M7.66%+44,474Timeline
BILLBILL HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 373,366 shares; 2024Q4: 153,351 shares; 2025Q1: 662,603 shares; 2025Q2: 639,820 shares; 2025Q3: 962,500 shares; 2025Q4: 878,000 shares 878,000$47.9M7.37%-84,500Timeline
AMDADVANCED MICRO DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 232,458 shares; 2024Q4: 212,739 shares; 2025Q1: 255,670 shares; 2025Q2: 292,788 shares; 2025Q3: 251,113 shares; 2025Q4: 219,487 shares 219,487$47M7.23%-31,626Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 60,296 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 122,500 shares; 2025Q4: 134,500 shares 134,500$42.1M6.48%+12,000Timeline
GTLBGITLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 368,955 shares; 2024Q4: 376,803 shares; 2025Q1: 414,317 shares; 2025Q2: 474,415 shares; 2025Q3: 850,000 shares; 2025Q4: 1,060,000 shares 1,060,000$39.8M6.12%+210,000Timeline
FROGJFROG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 948,515 shares; 2024Q4: 765,018 shares; 2025Q1: 640,940 shares; 2025Q2: 608,770 shares; 2025Q3: 579,265 shares; 2025Q4: 462,000 shares 462,000$28.9M4.44%-117,265Timeline
CFLTCONFLUENT INC-CLASS AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,268,640 shares; 2025Q4: 910,000 shares 910,000$27.5M4.23%-358,640Timeline
CEGCONSTELLATION ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,037 shares; 2025Q1: 5,091 shares; 2025Q2: 4,277 shares; 2025Q3: 47,975 shares; 2025Q4: 63,065 shares 63,065$22.3M3.43%+15,090Timeline
RDDTREDDIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 176,550 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 90,000 shares 90,000$20.7M3.18%newTimeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 11,539 shares; 2025Q3: not reported; 2025Q4: 200,000 shares 200,000$18.8M2.89%newTimeline
AMPLAMPLITUDE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,500,000 shares 1,500,000$17.4M2.67%newTimeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 118,107 shares; 2024Q4: 112,000 shares; 2025Q1: 85,851 shares; 2025Q2: 84,784 shares; 2025Q3: 50,033 shares; 2025Q4: 69,500 shares 69,500$16M2.47%+19,467Timeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 320 shares; 2024Q4: 448 shares; 2025Q1: 7,011 shares; 2025Q2: 5,511 shares; 2025Q3: 18,485 shares; 2025Q4: 10,988 shares 10,988$11.8M1.81%-7,497Timeline
AMKRAMKOR TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 287,895 shares 287,895$11.4M1.75%newTimeline
TEAMATLASSIAN CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 63,272 shares 63,272$10.3M1.58%newTimeline
CLBTCELLEBRITE DI LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 808,235 shares; 2024Q4: 578,235 shares; 2025Q1: 557,755 shares; 2025Q2: 552,755 shares; 2025Q3: 357,755 shares; 2025Q4: 492,755 shares 492,755$8.88M1.37%+135,000Timeline
NXPINXP SEMICONDUCTORS N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,825 shares; 2024Q4: 1,600 shares; 2025Q1: 20,020 shares; 2025Q2: 22,890 shares; 2025Q3: 25,179 shares; 2025Q4: 24,927 shares 24,927$5.41M0.83%-252Timeline
MKSIMKS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 19,582 shares 19,582$3.13M0.48%newTimeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,070 shares; 2025Q3: 6,768 shares; 2025Q4: 10,152 shares 10,152$2.75M0.42%+3,384Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,517 shares; 2024Q4: 52,849 shares; 2025Q1: 6,367 shares; 2025Q2: 8,276 shares; 2025Q3: 10,667 shares; 2025Q4: 10,039 shares 10,039$2.73M0.42%-628Timeline
GDSGDS HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 785,156 shares; 2025Q1: not reported; 2025Q2: 714,582 shares; 2025Q3: 244,557 shares; 2025Q4: 65,272 shares 65,272$2.28M0.35%-179,285Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
DDOGDATADOG INC207,000$29.5Mshares
SNOWSNOWFLAKE INC99,000$22.3Mshares
MDBMONGODB INC68,500$21.3Mshares
BABAALIBABA GROUP HLDG LTD105,000$18.8Mshares
SESEA LTD69,303$12.4Mshares
APPFAPPFOLIO INC20,000$5.51Mshares
MNDYMONDAY COM LTD19,843$3.84Mshares
SNPSSYNOPSYS INC3,500$1.73Mshares
CDNSCADENCE DESIGN SYSTEM INC2,412$847Kshares

How Q4 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 0000935836-26-000112 base2026-02-17acceptance time not in the bulk data set