Brightlight Capital Management LP reported 7 positions worth $101.05M for the quarter ended Mar 31, 2026, down 27.1% on the prior quarter. It opened 1 new position, added to 0, trimmed 6 and exited 2. Its largest holding is Carvana Co. at 27.8% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| HNI Hni Corp | +262.9K | – | $8.78M | 8.69% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| HGV Hilton Grand Vacations Inc. | -257.4K | -84.9% | $10.07M | 1.77% |
| SFD Smithfield Foods Inc | -450.8K | -100.0% | $10.07M | Exited |
| MLCO Melco Resorts & Entertainment LTD | -1.07M | -100.0% | $8.10M | Exited |
| KSPI Joint Stock Co Kaspi.kz | -60.8K | -14.1% | $4.50M | 27.21% |
| CVNA Carvana Co. | -17.7K | -3.8% | $1.11M | 27.77% |
| ARCO Arcos Dorados Holdings Inc. | -132.0K | -3.8% | $1.09M | 27.23% |
| PAL Proficient Auto Logistics, Inc | -70.0K | -19.5% | $474.60K | 1.94% |
| AAMI Acadian Asset Management Inc. | -7,700 | -7.1% | $419.03K | 5.4% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| HNI Hni Corp | +262.9K | $8.78M | 8.69% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | CVNA Carvana Co. | Consumer Discretionary | 446.3K | $28.06M | 27.77% | -17.7K | -3.8% | Reduced | 0.04% |
| 2 | ARCO Arcos Dorados Holdings Inc. | Consumer Discretionary | 3.33M | $27.51M | 27.23% | -132.0K | -3.8% | Reduced | 1.58% |
| 3 | KSPI Joint Stock Co Kaspi.kz | Financial Services | 371.2K | $27.50M | 27.21% | -60.8K | -14.1% | Reduced | 0.19% |
| 4 | HNI Hni Corp | Consumer Discretionary | 262.9K | $8.78M | 8.69% | +262.9K | – | New | 0.37% |
| 5 | AAMI Acadian Asset Management Inc. | Financial Services | 100.2K | $5.45M | 5.4% | -7,700 | -7.1% | Reduced | 0.28% |
| 6 | PAL Proficient Auto Logistics, Inc | Industrials | 288.7K | $1.96M | 1.94% | -70.0K | -19.5% | Reduced | 1.04% |
| 7 | HGV Hilton Grand Vacations Inc. | Consumer Discretionary | 45.8K | $1.79M | 1.77% | -257.4K | -84.9% | Reduced | 0.06% |
Tip. Select a row to see that position’s full history at Brightlight Capital Management.
As of its Q1 2026 13F filing, Brightlight Capital Management LP’s five largest positions were Carvana Co. (CVNA) at 27.8%, Arcos Dorados Holdings Inc. (ARCO) at 27.2%, Joint Stock Co Kaspi.kz (KSPI) at 27.2%, Hni Corp (HNI) at 8.7%, Acadian Asset Management Inc. (AAMI) at 5.4% of the reported portfolio.
Brightlight Capital Management LP reported a 13F portfolio worth $101.05M across 7 positions for Q1 2026. That is down 27.1% from the previous quarter.
Its largest purchases by value were Hni Corp ($8.78M). It opened 1 new positions.
Its largest sales by value were Hilton Grand Vacations Inc. ($10.07M), Smithfield Foods Inc ($10.07M), Melco Resorts & Entertainment LTD ($8.10M). It exited 2 positions entirely.
From the Form 13F-HR reports Brightlight Capital Management LP files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.