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Flight Deck Capital, LP

CIK:0001861705
Hedge Fund
$228M AUM
14 holdings
San Francisco, CA, United States
Founded:2020
20 employees
Latest filing:Jun 30, 2025

Flight Deck Capital, LP is a hedge fund and investment adviser headquartered in San Francisco, California. Founded in 2020 by Jay Kahn (formerly of Light Street Capital), the firm specializes in global equity long/short strategies. It invests across public and private markets, with a primary focus on disruptive companies in technology, media, telecommunications (TMT), and consumer sectors. The firm serves institutional and sophisticated clients, manages over $227.5 million in assets (as of March 2024), and employs fewer than 25 people.

Investment Strategy

Flight Deck Capital employs a global equity long/short strategy, investing in both public and private markets with a robust emphasis on technology, media, and telecommunications (TMT), as well as innovative consumer companies. The firm focuses on identifying disruptive companies across major international markets including the United States, Japan, Korea, China, Southeast Asia, Latin America, and Europe. Their approach combines deep market analysis, thematic investing, and an operator-first philosophy to support vision-driven businesses, seeking to deliver absolute returns while maintaining a flexible, data-driven investment process.

Latest 13F Filing Activity

Flight Deck Capital, LP filed their most recent 13F report on Jun 30, 2025 disclosing 14 equity positions with a total 13F market value of $95M. The fund increased holdings in Tesla Inc., Ge Vernova Inc., Pony Ai Inc. among other positions. Flight Deck Capital, LP reduced exposure to Baidu Inc., Broadcom Inc., Bloom Energy Corp. among others.

Top Buys
T
TSLATESLA INC
+$5.5M
G
GEVGE VERNOVA INC
+$5.5M
P
PONYPONY AI INC
+$5.4M
S
SESEA LTD
+$4.3M
M
MELIMERCADOLIBRE INC
+$3.7M
Top Sells
B
BIDUBAIDU INC
-$10.6M
A
AVGOBROADCOM INC
-$10.2M
B
BEBLOOM ENERGY CORP
-$5.5M
E
ESTCELASTIC N V
-$2.3M
U
UUNITY SOFTWARE INC
-$1.9M

Top Holdings

M
MELIMERCADOLIBRE INC
+15.4%$14.6M
T
TSLATESLA INC
+11.9%$11.2M
H
HOODROBINHOOD MKTS INC
+9.7%$9.2M
C
CFLTCONFLUENT INC
+8.9%$8.4M
C
CVNACARVANA CO
+6.5%$6.2M

Equity Positions (14)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
MERCADOLIBRE INC15.39%$14.6M5,567$1104.11$2613.63+$3.7M
TESLA INC11.90%$11.2M35,400$281.14$317.66+$5.5M
ROBINHOOD MKTS INC9.72%$9.2M98,100$41.62$93.63+$1.8M
CONFLUENT INC8.94%$8.4M338,859$26.88$24.93+$1.3M
CARVANA CO6.52%$6.2M18,300$203.94$336.96-$1.1M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+18.0%
ELECTRICAL INDUSTRIAL APPARATUS
+17.3%
SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN
+11.5%
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
+10.6%
SERVICES-BUSINESS SERVICES, NEC
+9.9%