Light Street Capital Management 13F annual report
Light Street Capital Management is an investment fund managing more than $337 billion ran by Theo Robins. There are currently 21 companies in Mr. Robins’s portfolio. The largest investments include NVIDIA Corp and GitLab, together worth $84.2 billion.
$337 billion Assets Under Management (AUM)
As of 7th November 2023, Light Street Capital Management’s top holding is 108,500 shares of NVIDIA Corp currently worth over $47.2 billion and making up 14.0% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Light Street Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 817,741 shares of GitLab worth $37 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Advanced Micro Devices worth $23.1 billion and the next is Meta Platforms Inc worth $21 billion, with 69,978 shares owned.
Currently, Light Street Capital Management's portfolio is worth at least $337 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Light Street Capital Management
The Light Street Capital Management office and employees reside in Palo Alto, California. According to the last 13-F report filed with the SEC, Theo Robins serves as the Chief Compliance Officer at Light Street Capital Management.
Recent trades
In the most recent 13F filing, Light Street Capital Management revealed that it had opened a new position in
Broadcom and bought 20,835 shares worth $17.3 billion.
This means they effectively own approximately 0.1% of the company.
Broadcom makes up
7.2%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
8,808 additional shares.
This makes their stake in NVIDIA Corp total 108,500 shares worth $47.2 billion.
NVIDIA Corp soared 198.4% in the past year.
On the other hand, there are companies that Light Street Capital Management is getting rid of from its portfolio.
Light Street Capital Management closed its position in Palo Alto Networks Inc on 14th November 2023.
It sold the previously owned 43,200 shares for $11 billion.
Theo Robins also disclosed a decreased stake in Meta Platforms Inc by 0.3%.
This leaves the value of the investment at $21 billion and 69,978 shares.
One of the average hedge funds
The two most similar investment funds to Light Street Capital Management are Bcm Advisors and Philadelphia Management Of San Francisco. They manage $337 billion and $337 billion respectively.
Theo Robins investment strategy
Light Street Capital Management’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Technology — making up 71.0% of
the total portfolio value.
The fund focuses on investments in the United States as
71.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
62% of the total holdings value.
On the other hand, small-cap stocks make up only 4.8% of the portfolio.
The average market cap of the portfolio companies is close to $323 billion.
The complete list of Light Street Capital Management trades based on 13F SEC filings
These positions were updated on November 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NVIDIA Corp |
8.84%
108,500
|
$47,196,415,000 | 13.99% |
| GitLab Inc. |
0.60%
817,741
|
$36,978,248,000 | 10.96% |
| Advanced Micro Devices Inc. |
32.57%
225,100
|
$23,144,782,000 | 6.86% |
| Meta Platforms Inc |
30.58%
69,978
|
$21,008,095,000 | 6.23% |
| Microsoft Corporation |
3.32%
63,933
|
$20,186,845,000 | 5.98% |
| Alphabet Inc |
18.90%
140,133
|
$18,337,804,000 | 5.43% |
| Broadcom Inc. |
Opened
20,835
|
$17,305,134,000 | 5.13% |
| JFrog Ltd |
10.48%
624,937
|
$15,848,402,000 | 4.70% |
| Tesla Inc |
41.30%
63,120
|
$15,793,886,000 | 4.68% |
| Cellebrite Di Ltd |
3.06%
2,057,799
|
$15,742,162,000 | 4.67% |
| Amazon.com Inc. |
5.28%
119,355
|
$15,172,408,000 | 4.50% |
| Indie Semiconductor Inc |
16.59%
1,896,908
|
$11,950,520,000 | 3.54% |
| Nerdy Inc |
5.83%
3,224,945
|
$11,932,297,000 | 3.54% |
| Synopsys, Inc. |
Opened
25,040
|
$11,492,609,000 | 3.41% |
| Salesforce Inc |
43.60%
55,555
|
$11,265,443,000 | 3.34% |
| Palo Alto Networks Inc |
Closed
43,200
|
$11,038,032,000 | |
| Amplitude Inc |
13.71%
802,689
|
$9,287,112,000 | 2.75% |
| Okta Inc |
Opened
111,830
|
$9,115,263,000 | 2.70% |
| Taiwan Semiconductor Mfg Ltd |
60.96%
97,464
|
$8,469,622,000 | 2.51% |
| Autodesk Inc. |
4.48%
37,586
|
$7,776,919,000 | 2.30% |
| Netflix Inc. |
65.14%
15,015
|
$5,669,664,000 | 1.68% |
| PDD Holdings Inc |
Opened
38,235
|
$3,749,706,000 | 1.11% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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