# BRIGHTLIGHT CAPITAL MANAGEMENT LP

> Institutional holdings reported to the SEC as of Q1 2026 on Form 13F. CIK 1802838. Source: https://holderbook.com/funds/1802838-brightlight-capital-management-lp/

- Reported value: $101.4M
- Positions: 8
- Weight of the ten largest: 100.0%
- Filed: 2026-05-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CARVANA CO | [CVNA](https://holderbook.com/stocks/CVNA/) | $28.1M | 89,263 | 27.7% | 25 |
| ARCOS DORADOS HLDGS INC | [ARCO](https://holderbook.com/stocks/ARCO/) | $27.5M | 3,334,760 | 27.1% | 4 |
| KASPI KZ JSC | [KSPI](https://holderbook.com/stocks/KSPI/) | $27.5M | 371,235 | 27.1% | 9 |
| HNI CORP | [HNI](https://holderbook.com/stocks/HNI/) | $8.8M | 262,900 | 8.7% | 1 |
| ACADIAN ASSET MANAGEMENT INC | [AAMI](https://holderbook.com/stocks/AAMI/) | $5.5M | 100,200 | 5.4% | 4 |
| PROFICIENT AUTO LOGISTICS IN | [PAL](https://holderbook.com/stocks/PAL/) | $2.0M | 288,700 | 1.9% | 3 |
| HILTON GRAND VACATIONS INC | [HGV](https://holderbook.com/stocks/HGV/) | $1.8M | 45,780 | 1.8% | 9 |
| SLEEP NUMBER CORP | [SNBRQ](https://holderbook.com/stocks/SNBRQ/) | $322.0K | 179,400 | 0.3% | 9 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2026 | -8.2% | -4.6% | -3.6% | 100% |
| Q4 2025 | +2.6% | +2.4% | +0.3% | 100% |
| Q3 2025 | +5.4% | +7.8% | -2.4% | 100% |
| Q2 2025 | +23.5% | +10.5% | +13.1% | 100% |
| Q1 2025 | -4.2% | -4.6% | +0.4% | 100% |
| Q4 2024 | +1.4% | +2.1% | -0.8% | 100% |
| Q3 2024 | +2.4% | +5.4% | -3.0% | 100% |
| Q2 2024 | +9.6% | +4.0% | +5.6% | 100% |

## Quarter by quarter

| Quarter | 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 |