BRIGHTLIGHT CAPITAL MANAGEMENT LP
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Nov 2026 | $385,751,661 | Pooled investment vehicles (100%) |
| Apr 2025 to Mar 2026 | $427,324,228 | Pooled investment vehicles (100%) |
| Apr 2024 to Mar 2025 | $471,473,642 | Pooled investment vehicles (100%) |
| May 2023 to Mar 2024 | $456,685,192 | Pooled investment vehicles (100%) |
| Apr 2023 | $456,685,192 | Pooled investment vehicles (100%) |
| Apr 2022 to Mar 2023 | $566,929,179 | Pooled investment vehicles (100%) |
In the firm's words
- Fundamental active:
The Firm will perform rigorous fundamental analysis when researching companies
- Value:
will attempt to buy companies at a discount to their intrinsic valuation.
- Long/short hedge:
will generally invest long and short in publicly traded equities in all sectors of the global economy, both in the U.S. and internationally.
Portfolio style
Measured from the filed 13F common-share book for Mar 31, 2026, never from the firm's own description.
Closest benchmark: the S&P SmallCap 600 as of 2026-03-31, active share 99.8%; sector active share 59.6% against the combined 13F book's sector weights.
Over time 25 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
8 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Portfolio Trend
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 65.6% | $66,466,335 |
| Technology | 27.1% | $27,497,376 |
| Financial Services | 5.4% | $5,452,884 |
| Industrials | 1.9% | $1,957,386 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedTrimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| HGV | Hilton Grand Vacations Inc. | −257,420 | 45,780 | $1,790,913 | |
| ARCO | Arcos Dorados Holdings Inc. | −132,040 | 3,334,760 | $27,511,770 | |
| PAL | Proficient Auto Logistics, Inc | −70,000 | 288,700 | $1,957,386 | |
| KSPI | Joint Stock Co Kaspi.kz | −60,765 | 371,235 | $27,497,376 | |
| SNBRQ | Sleep Number Corp | −60,100 | 179,400 | $322,920 | |
| AAMI | Acadian Asset Management Inc. | −7,700 | 100,200 | $5,452,884 | |
| CVNA | Carvana Co. | −3,537 | 89,263 | $28,062,501 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| HNI | Hni Corp | 262,900 | $8,778,231 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CVNA |
Carvana Co.
Consumer Cyclical
|
Reduced | 89,263 | $28,062,501 | 27.68% | |
| ARCO |
Arcos Dorados Holdings Inc.
Consumer Cyclical
|
Reduced | 3,334,760 | $27,511,770 | 27.14% | |
| KSPI |
Joint Stock Co Kaspi.kz
Technology
|
Reduced | 371,235 | $27,497,376 | 27.12% | |
| HNI |
Hni Corp
Consumer Cyclical
|
NEW | 262,900 | $8,778,231 | 8.66% | |
| AAMI |
Acadian Asset Management Inc.
Financial Services
|
Reduced | 100,200 | $5,452,884 | 5.38% | |
| PAL |
Proficient Auto Logistics, Inc
Industrials
|
Reduced | 288,700 | $1,957,386 | 1.93% | |
| HGV |
Hilton Grand Vacations Inc.
Consumer Cyclical
|
Reduced | 45,780 | $1,790,913 | 1.77% | |
| SNBRQ |
Sleep Number Corp
Consumer Cyclical
|
Reduced | 179,400 | $322,920 | 0.32% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.