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Brightlight Capital Management L.P. 13F annual report

Brightlight Capital Management L.P. is an investment fund managing more than $187 billion ran by Frank Giancarli. There are currently 12 companies in Mr. Giancarli’s portfolio. The largest investments include Carvana Co and Kaspi Kz Jsc, together worth $69.2 billion.

$187 billion Assets Under Management (AUM)

As of 7th August 2024, Brightlight Capital Management L.P.’s top holding is 273,400 shares of Carvana Co currently worth over $35.2 billion and making up 18.8% of the portfolio value. Relative to the number of outstanding shares of Carvana Co, Brightlight Capital Management L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 263,642 shares of Kaspi Kz Jsc worth $34 billion. The third-largest holding is Melco Resorts And Entmnt Ltd worth $22.2 billion and the next is Pan Amern Silver Corp worth $19.5 billion, with 981,000 shares owned.

Currently, Brightlight Capital Management L.P.'s portfolio is worth at least $187 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Brightlight Capital Management L.P.

The Brightlight Capital Management L.P. office and employees reside in Westport, Connecticut. According to the last 13-F report filed with the SEC, Frank Giancarli serves as the CFO / CCO at Brightlight Capital Management L.P..

Recent trades

In the most recent 13F filing, Brightlight Capital Management L.P. revealed that it had increased its stake in Cardlytics Inc and bought 604,500 additional shares worth around $2 million. This means they effectively own approximately 0.1% of the company. Cardlytics Inc makes up 100.0% of the fund's Technology sector allocation and has decreased its share price by 72.0% in the past year.

On the other hand, Frank Giancarli disclosed a decreased stake in Carvana Co by 0.3%. This leaves the value of the investment at $35.2 billion and 273,400 shares.

One of the smallest hedge funds

The two most similar investment funds to Brightlight Capital Management L.P. are Wmg Advisors and Bck Partners. They manage $187 billion and $187 billion respectively.


Frank Giancarli investment strategy

Brightlight Capital Management L.P.’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 31.6% of the total portfolio value. The fund focuses on investments in the United States as 41.7% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up approximately 0.1% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $1.91 billion.

The complete list of Brightlight Capital Management L.P. trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Carvana Co.
34.04%
273,400
$35,192,048,000 18.82%
Kaspi Kz Jsc
No change
263,642
$34,012,454,000 18.19%
Melco Resorts And Entmnt Ltd
No change
2,975,200
$22,194,992,000 11.87%
Pan Amern Silver Corp
2.63%
981,000
$19,502,280,000 10.43%
Valaris Ltd
No change
215,500
$16,054,750,000 8.59%
Hilton Grand Vacations Inc
No change
382,700
$15,472,561,000 8.28%
General Mtrs Co
No change
188,900
$8,776,294,000 4.69%
Cardlytics Inc
130.99%
1,066,000
$8,751,860,000 4.68%
Sleep Number Corp
2,739.78%
874,651
$8,370,410,000 4.48%
Fidelity Wise Origin Bitcoin
67.54%
147,100
$7,716,866,000 4.13%
Fiverr Intl Ltd
41.10%
272,100
$6,375,303,000 3.41%
AerSale Corporation
No change
657,116
$4,547,243,000 2.43%
No transactions found
Showing first 500 out of 12 holdings

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