LIGHT STREET CAPITAL MANAGEMENT, LLC

Q3 2025 13F-HR Holdings

Location
Palo Alto, CA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
27
Total value ($000)
$594,483
Net value change ($000)
+104,948 (21.4%)
New positions
8
Sold out positions
7
Turnover %
41.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 29,780 NEW
DDOG 29,477 NEW
CFLT 25,119 NEW
SNOW 22,329 NEW
BILL 21,386 72.3%
MDB 21,261 NEW
BABA 18,767 NEW
GTLB 16,917 79.0%
CEG 14,407 1044.0%
ASML 13,479 305.2%
Top Reduces (Value $000, Stocks/ETFs)
CLS -26,422 -100.0%
META -19,858 -100.0%
NFLX -15,452 -100.0%
BL -14,581 -100.0%
GDS -12,381 -56.7%
MELI -7,969 -100.0%
AMZN -7,615 -40.9%
SE -6,907 -35.8%
NCNO -4,218 -100.0%
NVDA -4,082 -7.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type