Glen Kacher Light Street Capital Management
Glen Kacher is the founder of Light Street Capital Management, a long/short equity firm focused on technology and disruptive innovation. The firm emphasizes fundamental research into software, internet, and semiconductor-related businesses. Kacher’s portfolio is followed by investors tracking technology-specialist hedge funds.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TripAdvisor
TRIP
|
+$33.1M |
| 2 |
JMEI
Jumei International Holding Limited American depositary shares, each representing ten Class A ordina
JMEI
|
+$23.1M |
| 3 |
JOYY
JOYY Inc
JOYY
|
+$18.9M |
| 4 |
NBIS
Nebius Group N.V.
NBIS
|
+$18.4M |
| 5 |
JD.com
JD
|
+$15.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vipshop
VIPS
|
+$12.8M |
| 2 |
PPLI
People Inc
PPLI
|
+$12.5M |
| 3 |
SiriusXM
SIRI
|
+$8.05M |
| 4 |
YHOO
Yahoo Inc
YHOO
|
+$7.83M |
| 5 |
Myriad Genetics
MYGN
|
+$7.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 46.38% |
| 2 | Technology | 18.15% |
| 3 | Consumer Discretionary | 17.34% |
| 4 | Real Estate | 7.62% |
| 5 | Industrials | 3.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FUEL
26
DELISTED
Rocket Fuel Inc.
FUEL
| $10.1M | 1.4% |
325,000
+260,497
| +404% | +$7.73M |
|
|
DATA
27
DELISTED
Tableau Software, Inc.
DATA
| $9.99M | 1.38% |
+140,000
| New | +$8.78M |
|
|
28
SiriusXM
SIRI
$9.67B
| $9.69M | 1.34% |
280,000
-247,332
| -47% | -$8.05M |
|
|
ATML
29
DELISTED
ATMEL CORP
ATML
| $9.56M | 1.32% |
1,020,000
-528,769
| -34% | -$4.42M |
|
30
Liberty Global Class A
LBTYA
$3.63B
| $9.06M | 1.25% |
248,539
+1,695
| +0.7% | +$59.4K |
|
31
Liberty Global Class C
LBTYK
$3.55B
| $8.46M | 1.17% |
247,219
-4,435
| -2% | -$147K |
|
|
CVT
32
DELISTED
CVENT, INC.
CVT
| $6.74M | 0.93% |
231,517
-88,483
| -28% | -$2.5M |
|
|
DANG
33
DELISTED
E-COMMERCE CHINA DANGDANG INC SPNSRD ADS REP COM CL A (CYM)
DANG
| $6.49M | 0.9% |
485,000
+435,000
| +870% | +$5.01M |
|
|
MNDT
34
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $6.08M | 0.84% |
+150,000
| New | +$5.85M |
|
|
QUOT
35
DELISTED
Quotient Technology Inc
QUOT
| $5.92M | 0.82% |
225,000
+174,800
| +348% | +$3.89M |
|
36
Gogo Inc
GOGO
$363M
| $5.87M | 0.81% |
+300,000
| New | +$5.17M |
|
37
3D Systems Corp
DDD
$530M
| $3.89M | 0.54% |
+65,000
| New | +$3.34M |
|
|
GRUB
38
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $3.54M | 0.49% |
+50,000
| New | +$3.37M |
|
|
MKTO
39
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $3.49M | 0.48% |
120,000
+35,000
| +41% | +$951K |
|
40
ServiceNow
NOW
$133B
| $2.48M | 0.34% |
200,000
-109,420
| -35% | -$1.17M |
|
41
Workday
WDAY
$49.4B
| $2.25M | 0.31% |
25,000
-16,435
| -40% | -$1.29M |
|
|
EJ
42
DELISTED
E HOUSE (CHINA) HOLDINGS LIMITED
EJ
| $2.21M | 0.31% |
274,635
-504,921
| -65% | -$4.44M |
|
43
8x8 Inc
EGHT
$290M
| $2.02M | 0.28% |
250,000
-490,000
| -66% | -$4.29M |
|
|
QUNR
44
DELISTED
Qunar Cayman Islands Limited
QUNR
| $286K | 0.04% |
+10,000
| New | +$258K |
|
45
Criteo S.A.
CRTO
$855M
| – | – |
-75,000
| Closed | -$3.04M |
|
|
HIMX
46
Himax Technologies
HIMX
$2.41B
| – | – |
-583,124
| Closed | -$6.72M |
|
|
PPLI
47
People Inc
PPLI
$2.86B
| – | – |
-980,830
| Closed | -$12.5M |
|
|
48
Myriad Genetics
MYGN
$306M
| – | – |
-220,000
| Closed | -$7.52M |
|
|
VNET
49
VNET Group
VNET
$1.91B
| – | – |
-100,000
| Closed | -$2.87M |
|
|
BITA
50
DELISTED
Bitauto Holdings Limited
BITA
| – | – |
-79,510
| Closed | -$2.85M |
|
Similar funds
Glen Kacher's Q2 2014 Portfolio in Review
As of Q2 2014, Glen Kacher held 54 positions worth $723M, up 32% from $546M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Glen Kacher deployed $134M of net new capital in Q2 2014, opening 14 new positions and adding to 15 existing holdings. Its largest new stake was TripAdvisor: 360,000 shares worth $39.1M.
By sector, the portfolio is most concentrated in Communication Services at 46% of assets, down from 47% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Vipshop, an estimated $12.8M trimmed.
- Glen Kacher's largest Q2 2014 buy was TripAdvisor: 360,000 shares worth $39.1M.
- Glen Kacher added most to JOYY Inc in Q2 2014, an estimated $18.9M increase.
- Glen Kacher's biggest Q2 2014 reduction was Vipshop, cutting an estimated $12.8M.
- Glen Kacher fully exited People Inc in Q2 2014, selling an estimated $12.5M.
- Glen Kacher's ten largest holdings make up 51% of its $723M portfolio in Q2 2014.
- Glen Kacher opened 14 new positions and closed 10 in Q2 2014.
- Glen Kacher's portfolio value rose 32% quarter-over-quarter to $723M.
Based on Light Street Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.