BRIGHTLIGHT CAPITAL MANAGEMENT LP Diversified Active

CIK: 0001802838 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $140,655 (100.0% shares, 0.0% debt)

Holdings (9)

Increased Positions (2)

ARCO ARCOS DORADOS HOLDINGS INC 18.1%

Value ($000) $25,446 (+68.7%) Shares 3,466,800 (+55.2%) Est. Cost $7.26 Unrealized -1.6%

PAL PROFICIENT AUTO LOGISTICS IN 2.5%

Value ($000) $3,458 (+73.0%) Shares 358,700 (+23.7%) Est. Cost $7.46 Unrealized +5.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ARCO	ARCOS DORADOS HOLDINGS INC	3,466,800 (+55.2%)	$25,446 (+68.7%)	18.1%	$7.26	-1.6%	SHS CLASS -A -	G0457F107
PAL	PROFICIENT AUTO LOGISTICS IN	358,700 (+23.7%)	$3,458 (+73.0%)	2.5%	$7.46	+5.2%	COM	74317M104

Exited Positions (1)

HEPS D MARKET ELECTR SVCS & TRADI 12.1%

Value ($000) $16,960 Shares 6,305,000 Est. Cost $2.98 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HEPS	D MARKET ELECTR SVCS & TRADI	6,305,000	$16,960	12.1%	$2.98	—	—	23292B104

Decreased Positions (6)

SNBR SLEEP NUMBER CORP 1.4%

Value ($000) $2,026 (-74.0%) Shares 239,500 (-78.5%) Est. Cost $13.81 Unrealized -54.2%

CVNA CARVANA CO 27.8%

Value ($000) $39,163 (-8.3%) Shares 92,800 (-18.0%) Est. Cost $86.29 Unrealized +330.8%

MLCO MELCO RESORTS AND ENTMNT LTD 5.8%

Value ($000) $8,103 (-28.5%) Shares 1,070,400 (-13.3%) Est. Cost $5.27 Unrealized —

HGV HILTON GRAND VACATIONS INC 9.6%

Value ($000) $13,568 (-15.2%) Shares 303,200 (-20.8%) Est. Cost $43.73 Unrealized -2.9%

AAMI ACADIAN ASSET MANAGEMENT INC 3.6%

Value ($000) $5,071 (-29.8%) Shares 107,900 (-28.1%) Est. Cost $29.05 Unrealized +58.6%

SFD SMITHFIELD FOODS INC 7.2%

Value ($000) $10,066 (-7.2%) Shares 450,800 (-2.5%) Est. Cost $19.54 Unrealized +12.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SNBR	SLEEP NUMBER CORP	239,500 (-78.5%)	$2,026 (-74.0%)	1.4%	$13.81	-54.2%	COM	83125X103
CVNA	CARVANA CO	92,800 (-18.0%)	$39,163 (-8.3%)	27.8%	$86.29	+330.8%	CL A	146869102
MLCO	MELCO RESORTS AND ENTMNT LTD	1,070,400 (-13.3%)	$8,103 (-28.5%)	5.8%	$5.27	—	ADR	585464100
HGV	HILTON GRAND VACATIONS INC	303,200 (-20.8%)	$13,568 (-15.2%)	9.6%	$43.73	-2.9%	COM	43283X105
AAMI	ACADIAN ASSET MANAGEMENT INC	107,900 (-28.1%)	$5,071 (-29.8%)	3.6%	$29.05	+58.6%	COM	10948W103
SFD	SMITHFIELD FOODS INC	450,800 (-2.5%)	$10,066 (-7.2%)	7.2%	$19.54	+12.0%	COM	832248207

Unchanged Positions (1)

KSPI KASPI KZ JSC 24.0%

Value ($000) $33,752 Shares 432,000 Est. Cost $114.39 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KSPI	KASPI KZ JSC	432,000	$33,752	24.0%	$114.39	—	SPONSORED ADS	48581R205