LIGHT STREET CAPITAL MANAGEMENT, LLC

Q4 2025 13F-HR Holdings

Location
Palo Alto, CA
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
24
Total value ($000)
$649,795
Net value change ($000)
+55,312 (9.3%)
New positions
6
Sold out positions
9
Turnover %
30.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
CHYM 38,131 126.7%
RDDT 20,688 NEW
NFLX 18,752 NEW
AMPL 17,370 NEW
AVGO 17,000 51.9%
GOOGL 12,319 41.4%
NVDA 11,788 22.8%
AMKR 11,366 NEW
TEAM 10,259 NEW
CEG 6,492 41.1%
Top Reduces (Value $000, Stocks/ETFs)
DDOG -29,477 -100.0%
SNOW -22,329 -100.0%
MDB -21,261 -100.0%
BABA -18,767 -100.0%
SE -12,387 -100.0%
GDS -7,186 -75.9%
ASML -6,139 -34.3%
APPF -5,513 -100.0%
MNDY -3,843 -100.0%
BILL -3,098 -6.1%
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