SEC 13F Intelligence

Managers / Q1 2026

BRIGHTLIGHT CAPITAL MANAGEMENT LP

CIK 0001802838 · 15 MYRTLE AVE, SUITE 1A, WESTPORT, CT, 06880 · 203-635-6034

Reported Value
$101M
Q1 2026
Positions
8
Filings on Record
27
2019–present window
Filed
May 15, 2026
original filing

Summary

Brightlight Capital Management LP reported $101M in U.S.-listed holdings across 8 positions for Q1 2026.

The portfolio is heavily concentrated: CVNA alone accounts for 27.7% of reported value.

Compared with Q4 2025, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+9.3%
vs prior filed quarter
Largest Position
+27.7%
Carvana
New / Exited
1 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’19: $132MQ4 ’19Q1 ’20: $130MQ2 ’20: $196MQ3 ’20: $212MQ4 ’20: $246MQ4 ’20Q1 ’21: $241MQ2 ’21: $279MQ3 ’21: $233MQ4 ’21: $250MQ4 ’21Q1 ’22: $217MQ2 ’22: $160MQ3 ’22: $139MQ4 ’22: $236MQ4 ’22Q1 ’23: $220MQ2 ’23: $123MQ3 ’23: $142MQ4 ’23: $139MQ4 ’23Q1 ’24: $177MQ2 ’24: $187MQ3 ’24: $208MQ4 ’24: $137MQ4 ’24Q1 ’25: $148MQ2 ’25: $181MQ3 ’25: $165MQ4 ’25: $141MQ4 ’25Q1 ’26: $101Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 45.7%Other: 27.1%ADR: 27.1%
  • Common Stock · 45.7% · $46M
  • Other · 27.1% · $28M
  • ADR · 27.1% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HNIHNI CORPNEW+262.9K262.9K+$9M$9M
SFDSMITHFIELD FOODS INCSOLD OUT−450.8K0−$10M$0
MELCO RESORTS AND ENTMNT LTDSOLD OUT−1.07M0−$8M$0
HGVHILTON GRAND VACATIONS INCTRIMMED−257.4K45.8K−$12M$2M
SL2SLEEP NUMBER CORPTRIMMED−60.1K179.4K−$2M$322,023
PALPROFICIENT AUTO LOGISTICS INTRIMMED−70.0K288.7K−$2M$2M
KSPIKASPI KZ JSCTRIMMED−60.8K371.2K−$6M$27M
AAMIACADIAN ASSET MANAGEMENT INCTRIMMED−7.7K100.2K+$381,584$5M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

8 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CVNACARVANA COhistory →CL A27.68%$28M89.3K
2ARCOS DORADOS HLDGS INCSHS CLASS -A -27.14%$28M3.33M
3KSPIKASPI KZ JSChistory →SPONSORED ADS27.12%$27M371.2K
4HNIHNI CORPhistory →COM8.66%$9M262.9K
5AAMIACADIAN ASSET MANAGEMENT INChistory →COM5.38%$5M100.2K
6PALPROFICIENT AUTO LOGISTICS INhistory →COM1.93%$2M288.7K
7HGVHILTON GRAND VACATIONS INChistory →COM1.77%$2M45.8K
8SL2SLEEP NUMBER CORPCOM0.32%$322,023179.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$101M8May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$141M9Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$165M10Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$181M10Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$148M9May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$137M8Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$208M13Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$187M12Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$177M12May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$139M10Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$142M10Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$123M9Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$220M10May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$236M12Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$139M10Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$160M12Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$217M10May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$250M12Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$233M12Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$279M13Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$241M11May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$246M10Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$212M11Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$196M10Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$130M14May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$132M12Feb 13, 202013F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.