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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
+24.76%
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
$994M
AUM Growth
+$446M
Cap. Flow
+$322M
Cap. Flow %
32.36%
Top 10 Hldgs %
76.12%
Holding
30
New
8
Increased
8
Reduced
7
Closed
7

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$44.5M
2
JOYY
JOYY Inc
JOYY
+$41.1M
3
NFLX icon
Netflix
NFLX
+$24.1M
4
LOGM
LogMein, Inc.
LOGM
+$19.6M
5
TTWO icon
Take-Two Interactive
TTWO
+$15.8M

Top Sells

Rank Stock Value
1
WUBA
58.com Inc
WUBA
+$35.4M
2
JD icon
JD.com
JD
+$31.9M
3
TRIP icon
TripAdvisor
TRIP
+$24.1M
4
W icon
Wayfair
W
+$19.2M
5
HAPN
Happen Inc
HAPN
+$17M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 27.17%
2 Technology 21.74%
3 Communication Services 19.69%
4 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HAPN
26
Happen Inc
HAPN
$2.13B
– –
-789,081
Closed -$17M
TRIP icon
27
TripAdvisor
TRIP
$1.17B
– –
-375,000
Closed -$24.1M
ZEN
28
DELISTED
ZENDESK INC
ZEN
– –
-100,000
Closed -$2.64M
CRCM
29
DELISTED
CARE.COM, INC.
CRCM
– –
-1,203,680
Closed -$14.1M
DATA
30
DELISTED
Tableau Software, Inc.
DATA
– –
-255,867
Closed -$12.5M
1
2

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TFM
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Glen Kacher's Q3 2016 Portfolio in Review

As of Q3 2016, Glen Kacher held 30 positions worth $994M, up 81% from $548M the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Glen Kacher deployed $322M of net new capital in Q3 2016, opening 8 new positions and adding to 8 existing holdings. Its largest new stake was Alibaba: 480,000 shares worth $50.8M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, down from 44% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was 58.com Inc, an estimated $35.4M trimmed.

  • Glen Kacher's largest Q3 2016 buy was Alibaba: 480,000 shares worth $50.8M.
  • Glen Kacher added most to Netflix in Q3 2016, an estimated $24.1M increase.
  • Glen Kacher's biggest Q3 2016 reduction was 58.com Inc, cutting an estimated $35.4M.
  • Glen Kacher fully exited JD.com in Q3 2016, selling an estimated $31.9M.
  • Glen Kacher's ten largest holdings make up 76% of its $994M portfolio in Q3 2016.
  • Glen Kacher opened 8 new positions and closed 7 in Q3 2016.
  • Glen Kacher's portfolio value rose 81% quarter-over-quarter to $994M.

Based on Light Street Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.