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 |
Netflix
NFLX
|
+$92M |
| 2 |
Tesla
TSLA
|
+$56.5M |
| 3 |
Twilio
TWLO
|
+$54.5M |
| 4 |
Match Group
MTCH
|
+$49.6M |
| 5 |
WWE
World Wrestling Entertainment
WWE
|
+$48.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Madison Square Garden
MSGS
|
+$80.4M |
| 2 |
Palo Alto Networks
PANW
|
+$59.1M |
| 3 |
PagSeguro Digital
PAGS
|
+$52.8M |
| 4 |
NBIS
Nebius Group N.V.
NBIS
|
+$47.5M |
| 5 |
Universal Display
OLED
|
+$27.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.91% |
| 2 | Communication Services | 28.68% |
| 3 | Consumer Discretionary | 21.5% |
| 4 | Industrials | 3.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PFPT
26
DELISTED
Proofpoint, Inc.
PFPT
| $5.36M | 0.41% |
+63,946
| New | +$5.92M |
|
|
GTYHW
27
DELISTED
GTY Technology Holdings, Inc. Warrants
GTYHW
| $649K | 0.05% |
+833,333
| New | +$1.05M |
|
28
Alibaba
BABA
$286B
| – | – |
-65,000
| Closed | -$10.7M |
|
|
EB
29
DELISTED
Eventbrite
EB
| – | – |
-120,000
| Closed | -$4.56M |
|
|
30
Madison Square Garden
MSGS
$9.8B
| – | – |
-357,510
| Closed | -$80.4M |
|
31
NVIDIA
NVDA
$5.09T
| – | – |
-1,840,280
| Closed | -$12.9M |
|
|
32
Universal Display
OLED
$3.92B
| – | – |
-229,840
| Closed | -$27.1M |
|
|
33
PagSeguro Digital
PAGS
$2.44B
| – | – |
-1,908,552
| Closed | -$52.8M |
|
|
GTYHU
34
DELISTED
GTY Technology Holdings, Inc. Units
GTYHU
| – | – |
-2,500,000
| Closed | -$27.1M |
|
Similar funds
Glen Kacher's Q4 2018 Portfolio in Review
As of Q4 2018, Glen Kacher held 34 positions worth $1.31B, down 11% from $1.47B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Glen Kacher deployed $188M of net new capital in Q4 2018, opening 11 new positions and adding to 7 existing holdings. Its largest new stake was Netflix: 3,074,000 shares worth $82.3M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 24% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Palo Alto Networks, an estimated $59.1M trimmed.
- Glen Kacher's largest Q4 2018 buy was Netflix: 3,074,000 shares worth $82.3M.
- Glen Kacher added most to Salesforce in Q4 2018, an estimated $45.9M increase.
- Glen Kacher's biggest Q4 2018 reduction was Palo Alto Networks, cutting an estimated $59.1M.
- Glen Kacher fully exited Madison Square Garden in Q4 2018, selling an estimated $80.4M.
- Glen Kacher's ten largest holdings make up 64% of its $1.31B portfolio in Q4 2018.
- Glen Kacher opened 11 new positions and closed 7 in Q4 2018.
- Glen Kacher's portfolio value fell 11% quarter-over-quarter to $1.31B.
Based on Light Street Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.