Q1 2026 13F · SEC CIK 1802838
Brightlight Capital Management LP
Hedge fundFiled 2026-05-15 for Q1 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $101.4M
- Reported positions
- 8
- Top holdings a year, 3 yrs
- +18.4%
- Assets under management
- $385.8M
Brightlight Capital Management LP is a hedge fund that reported 8 positions worth $101.4M in its Q1 2026 13F, filed 2026-05-15. Its largest holdings were Carvana Co (CVNA, 27.7%), Arcos Dorados Holdings (ARCO, 27.1%), Kaspi Kz Jsc (KSPI, 27.1%). A portfolio copying its top holdings returned 18.4% a year over the last 3 years, against 20.4% for the S&P 500.
Brightlight Capital Management LP holdings all 8 positions.
Weights are shares of the filer's total reported 13F value, compared with Q4 2025. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| CVNACarvana Co | 27.7% | -3.8% | $28.1M |
| ARCOArcos Dorados Holdings | 27.1% | -3.8% | $27.5M |
| KSPIKaspi Kz Jsc | 27.1% | -14.1% | $27.5M |
| HNIHni Corp | 8.7% | — | $8.8M |
| AAMIAcadian Asset Mgmt Inc | 5.4% | -7.1% | $5.5M |
| PALProficient Auto Logistics Inc | 1.9% | -19.5% | $2.0M |
| HGVHilton Grand Vacations I | 1.8% | -84.9% | $1.8M |
| SNBRSleep Number Corp | 0.3% | -25.1% | $322K |
What Brightlight Capital Management LP bought and sold in Q1 2026, against Q4 2025.
New positions
- HNI Hni Corp8.7% of 13F
Added to
No position grew by more than 5%.
Reduced
- HGV Hilton Grand Vacations I-84.9% shares
- SNBR Sleep Number Corp-25.1% shares
- PAL Proficient Auto Logistics Inc-19.5% shares
- KSPI Kaspi Kz Jsc-14.1% shares
- AAMI Acadian Asset Mgmt Inc-7.1% shares
Sold out
- SFD Smithfield Foods Incwas 7.2%
- MLCO Melco Resorts and Entmnt Ltdwas 5.8%
Share counts compared with the Q4 2025 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +9.5% /yr
- S&P 500 +20.1%
- 3 years
- +18.4% /yr
- S&P 500 +20.4%
- 5 years
- -3.7% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q1 2026 | $101.4M | 8 |
| Q4 2025 | $140.7M | 9 |
| Q3 2025 | $165.2M | 10 |
| Q2 2025 | $181.2M | 10 |
| Q1 2025 | $148.0M | 9 |
| Q4 2024 | $136.8M | 8 |
| Q3 2024 | $207.6M | 13 |
| Q2 2024 | $187.0M | 12 |
| Q1 2024 | $176.9M | 12 |
| Q4 2023 | $138.6M | 10 |
| Q3 2023 | $142.4M | 10 |
| Q2 2023 | $122.5M | 9 |
Questions about Brightlight Capital Management LP's portfolio
What stocks does Brightlight Capital Management LP own?
Brightlight Capital Management LP's latest 13F, for Q1 2026 and filed May 15, 2026, lists 8 positions worth $101.4M. The largest are Carvana Co (CVNA) at 27.7%, Arcos Dorados Holdings (ARCO) at 27.1%, Kaspi Kz Jsc (KSPI) at 27.1%, Hni Corp (HNI) at 8.7% and Acadian Asset Mgmt Inc (AAMI) at 5.4%.
What did Brightlight Capital Management LP buy last quarter?
In Q1 2026, Brightlight Capital Management LP added a new position in Hni Corp (HNI), compared with its Q4 2025 filing.
What did Brightlight Capital Management LP sell last quarter?
In Q1 2026, Brightlight Capital Management LP sold all of Smithfield Foods Inc (SFD), sold all of Melco Resorts and Entmnt Ltd (MLCO), Hilton Grand Vacations I (HGV) (-84.9% shares), Sleep Number Corp (SNBR) (-25.1% shares) and Proficient Auto Logistics Inc (PAL) (-19.5% shares), compared with its Q4 2025 filing.
How has Brightlight Capital Management LP's portfolio performed?
A portfolio copying Brightlight Capital Management LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +9.5% against +20.1%. Over 5 years: -3.7% a year against +11.6%.
When is Brightlight Capital Management LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Brightlight Capital Management LP's filing for the quarter ending Jun 30, 2026 was due by Aug 14, 2026; this page updates once it is processed.
How much money does Brightlight Capital Management LP manage?
Brightlight Capital Management LP reported $385.8M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $101.4M.