Brightlight Capital Management LP
WESTPORT, CT
$101m in 8 US stocks at the end of 31 March 2026. The top 10 are 100.0% of the money. It changed about 22.6% of the portfolio this quarter.
Value
$101m
Stocks
8
Top 10 share
100.0%
Turnover
22.6%
What changed this quarter
New
Bought for the first time this quarter.
- HNIHNI8.7% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- CarvanaCVNA27.7% of the fund-4%
- Arcos Dorados HoldingsARCO27.1% of the fund-4%
- Joint Stock Co Kaspi.kzKSPI27.1% of the fund-14%
- Acadian Asset ManagementAAMI5.4% of the fund-7%
- Proficient Auto LogisticsPAL1.9% of the fund-20%
- Hilton Grand VacationsHGV1.8% of the fund-85%
- Sleep NumberSNBRQ0.3% of the fund-25%
Sold out
Sold their entire stake.
- Smithfield FoodsSFD-100%
- Melco Resorts and EntmntMLCO-100%
Holdings
- Sleep NumberSNBRQ
- Share
- 0.3%
- Value
- $322,023
- Shares
- 179,400
-25%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| CarvanaCVNA | 27.7% | $28m | 89,263 | -4% |
| Arcos Dorados HoldingsARCO | 27.1% | $28m | 3,334,760 | -4% |
| Joint Stock Co Kaspi.kzKSPI | 27.1% | $27m | 371,235 | -14% |
| HNIHNI | 8.7% | $9m | 262,900 | New |
| Acadian Asset ManagementAAMI | 5.4% | $5m | 100,200 | -7% |
| Proficient Auto LogisticsPAL | 1.9% | $2m | 288,700 | -20% |
| Hilton Grand VacationsHGV | 1.8% | $2m | 45,780 | -85% |
| Sleep NumberSNBRQ | 0.3% | $322,023 | 179,400 | -25% |
Over time and by industry
Value over time
Sep '25
Mar '26
Value is down 44.0% since 30 June 2025.
Where the money is
Retail & consumer65.2%
Technology27.1%
Financial services5.4%
Industrials1.9%
Other0.3%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.