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GK

Glen Kacher Light Street Capital Management

AUM $903M
1-Year Est. Return 113.12%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+9.62%
1 Year Est. Return
+113.12%
3 Year Est. Return
+377.35%
5 Year Est. Return
+361.17%
10 Year Est. Return
+6,155.11%
AUM
$723M
AUM Growth
+$84.4M
Cap. Flow
+$51.8M
Cap. Flow %
7.17%
Top 10 Hldgs %
60.48%
Holding
39
New
10
Increased
10
Reduced
12
Closed
6

Top Buys

Rank Stock Value
1
JD icon
JD.com
JD
+$27.7M
2
TCOM icon
Trip.com Group
TCOM
+$24.4M
3
SHOP icon
Shopify
SHOP
+$22M
4
TV icon
Televisa
TV
+$12.8M
5
CPAY icon
Corpay
CPAY
+$12.5M

Top Sells

Rank Stock Value
1
MSGS icon
Madison Square Garden
MSGS
+$35.4M
2
AAPL icon
Apple
AAPL
+$21.8M
3
AVGO icon
Broadcom
AVGO
+$18.9M
4
GRUB
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
+$16.7M
5
FWONK icon
Liberty Media Series C
FWONK
+$12.7M

Sector Composition

Rank Sector Weight
1 Communication Services 31.14%
2 Technology 29.04%
3 Consumer Discretionary 21.15%
4 Real Estate 4.42%
5 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRCM
26
DELISTED
CARE.COM, INC.
CRCM
$8.32M 1.15%
1,405,533
-27,879
-2% -$180K
FWONK icon
27
Liberty Media Series C
FWONK
$26.3B
$7.9M 1.09%
310,810
-472,318
-60% -$12.7M
WUBA
28
DELISTED
58.com Inc
WUBA
$7.05M 0.98%
110,000
-38,873
-26% -$2.82M
EJ
29
DELISTED
E HOUSE (CHINA) HOLDINGS LIMITED
EJ
$7.01M 0.97%
+1,042,800
New +$6.7M
LOGM
30
DELISTED
LogMein, Inc.
LOGM
$6.45M 0.89%
+100,000
New +$6.27M
HTHT icon
31
Huazhu Hotels Group
HTHT
$15.1B
$4.51M 0.62%
+739,156
New +$4.45M
DANG
32
DELISTED
E-COMMERCE CHINA DANGDANG INC SPNSRD ADS REP COM CL A (CYM)
DANG
$4.2M 0.58%
+466,627
New +$4.39M
ALRM icon
33
Alarm.com
ALRM
$2.82B
$3.85M 0.53%
+250,000
New +$4M
AVGO icon
34
Broadcom
AVGO
$1.75T
– –
-1,486,460
Closed -$18.9M
MSGS icon
35
Madison Square Garden
MSGS
$9.78B
– –
-586,175
Closed -$35.4M
QUOT
36
DELISTED
Quotient Technology Inc
QUOT
– –
-588,667
Closed -$6.91M
GRUB
37
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
– –
-183,841
Closed -$16.7M
XOOM
38
DELISTED
XOOM CORP COM
XOOM
– –
-800,506
Closed -$11.8M
QIHU
39
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
– –
-211,375
Closed -$10.8M
1
2

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Glen Kacher's Q2 2015 Portfolio in Review

As of Q2 2015, Glen Kacher held 39 positions worth $723M, up 13% from $638M the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Glen Kacher deployed $51.8M of net new capital in Q2 2015, opening 10 new positions and adding to 10 existing holdings. Its largest new stake was Trip.com Group: 700,000 shares worth $25.4M.

By sector, the portfolio is most concentrated in Communication Services at 31% of assets, down from 39% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Apple, an estimated $21.8M trimmed.

  • Glen Kacher's largest Q2 2015 buy was Trip.com Group: 700,000 shares worth $25.4M.
  • Glen Kacher added most to JD.com in Q2 2015, an estimated $27.7M increase.
  • Glen Kacher's biggest Q2 2015 reduction was Apple, cutting an estimated $21.8M.
  • Glen Kacher fully exited Madison Square Garden in Q2 2015, selling an estimated $35.4M.
  • Glen Kacher's ten largest holdings make up 60% of its $723M portfolio in Q2 2015.
  • Glen Kacher opened 10 new positions and closed 6 in Q2 2015.
  • Glen Kacher's portfolio value rose 13% quarter-over-quarter to $723M.

Based on Light Street Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.