We are live on ! Find out more
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
+9.3%
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
$1.22B
AUM Growth
-$193M
Cap. Flow
-$274M
Cap. Flow %
-22.4%
Top 10 Hldgs %
63.37%
Holding
29
New
4
Increased
9
Reduced
8
Closed
6

Top Buys

Rank Stock Value
1
W icon
Wayfair
W
+$65.8M
2
EXPE icon
Expedia Group
EXPE
+$44.4M
3
LOGM
LogMein, Inc.
LOGM
+$39.1M
4
PANW icon
Palo Alto Networks
PANW
+$36.9M
5
MTCH icon
Match Group
MTCH
+$17.6M

Top Sells

Rank Stock Value
1
MOMO
Hello Group
MOMO
+$93.2M
2
MELI icon
Mercado Libre
MELI
+$55.2M
3
TTWO icon
Take-Two Interactive
TTWO
+$31.3M
4
BL icon
BlackLine
BL
+$19.6M
5
XYZ
Block Inc
XYZ
+$19M

Sector Composition

Rank Sector Weight
1 Technology 29.96%
2 Consumer Discretionary 25.31%
3 Communication Services 23.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NFLX icon
26
Netflix
NFLX
$331B
– –
-900,000
Closed -$13.4M
QQQ icon
27
PUT
Invesco QQQ Trust
QQQ
$486B
– –
-1,820,000
Closed -$251M
TRVG
28
trivago
TRVG
$382M
– –
-53,513
Closed -$6.33M
BBBY
29
PUT
DELISTED
Bed Bath & Beyond Inc
BBBY
– –
-650,000
Closed -$19.8M
1
2

Similar funds

BCA
Bay Colony Advisors Concord, Massachusetts $903M AUM 33.67% 1-Year Est. Return
RFM
Ranmore Fund Management Cobham, United Kingdom $903M AUM 7.45% 1-Year Est. Return
SWM
SeaCrest Wealth Management Purchase, New York $903M AUM 47.26% 1-Year Est. Return
TFM
TFC Financial Management Boston, Massachusetts $902M AUM 21.74% 1-Year Est. Return
PI
Parkside Investments Deerfield, Illinois $902M AUM 32.45% 1-Year Est. Return
SC
Soundwatch Capital Rowayton, Connecticut $901M AUM 21.69% 1-Year Est. Return
SG
Strid Group Newtown Square, Pennsylvania $901M AUM 21.04% 1-Year Est. Return
NCM
Nellore Capital Management Redwood City, California $901M AUM 6.86% 1-Year Est. Return

Glen Kacher's Q3 2017 Portfolio in Review

As of Q3 2017, Glen Kacher held 29 positions worth $1.22B, down 14% from $1.42B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Glen Kacher withdrew a net $274M in Q3 2017, closing 6 positions and reducing 8 holdings. Its most notable exit was Mercado Libre, an estimated $55.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Glen Kacher opened a new position in Wayfair worth $59.8M.

  • Glen Kacher's largest Q3 2017 buy was Wayfair: 887,000 shares worth $59.8M.
  • Glen Kacher added most to LogMein, Inc. in Q3 2017, an estimated $39.1M increase.
  • Glen Kacher's biggest Q3 2017 reduction was Hello Group, cutting an estimated $93.2M.
  • Glen Kacher fully exited Mercado Libre in Q3 2017, selling an estimated $55.2M.
  • Glen Kacher's ten largest holdings make up 63% of its $1.22B portfolio in Q3 2017.
  • Glen Kacher opened 4 new positions and closed 6 in Q3 2017.
  • Glen Kacher's portfolio value fell 14% quarter-over-quarter to $1.22B.

Based on Light Street Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.