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 |
Meta Platforms (Facebook)
META
|
+$75.3M |
| 2 |
NVIDIA
NVDA
|
+$66.1M |
| 3 |
Salesforce
CRM
|
+$62.1M |
| 4 |
ServiceNow
NOW
|
+$58.2M |
| 5 |
Nerdy
NRDY
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Unity
U
|
+$739M |
| 2 |
StoneCo
STNE
|
+$96.9M |
| 3 |
Wolfspeed
WOLF
|
+$84.2M |
| 4 |
CrowdStrike
CRWD
|
+$80.5M |
| 5 |
Sea Limited
SE
|
+$70.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 44.96% |
| 2 | Consumer Discretionary | 27.05% |
| 3 | Communication Services | 12.06% |
| 4 | Financials | 7.47% |
| 5 | Healthcare | 3.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Intuit
INTU
$100B
| $43.5M | 2.33% |
113,440
+31,440
| +38% | +$12.1M |
|
|
NOVA
27
DELISTED
Sunnova Energy
NOVA
| $37.2M | 1.99% |
911,323
-1,225,988
| -57% | -$54.4M |
|
|
ASTR
28
DELISTED
Astra Space, Inc. Class A Common Stock
ASTR
| $32.8M | 1.75% |
+185,217
| New | +$38.2M |
|
29
Etsy
ETSY
$7.44B
| $31.3M | 1.67% |
154,980
-272,420
| -64% | -$57M |
|
30
Match Group
MTCH
$9.38B
| $30.7M | 1.64% |
223,200
-367,200
| -62% | -$55.2M |
|
31
Coursera
COUR
$1.59B
| $25.2M | 1.35% |
+559,646
| New | +$25.2M |
|
32
Tesla
TSLA
$1.43T
| $24.4M | 1.31% |
109,566
-95,604
| -47% | -$24M |
|
33
Microsoft
MSFT
$3.59T
| $17.7M | 0.95% |
75,000
+32,500
| +76% | +$7.54M |
|
34
Zoom
ZM
$31.5B
| $17.1M | 0.91% |
53,085
-118,415
| -69% | -$43.6M |
|
|
LHAA
35
DELISTED
Lerer Hippeau Acquisition Corp. Class A Common Stock
LHAA
| $13.9M | 0.74% |
+1,402,848
| New | +$14M |
|
36
Aptiv
APTV
$10B
| $9.73M | 0.52% |
+70,555
| New | +$10.3M |
|
|
NEBCU
37
DELISTED
Nebula Caravel Acquisition Corp. Unit
NEBCU
| $9.15M | 0.49% |
900,000
-100,000
| -10% | -$1.07M |
|
38
Alphabet (Google) Class A
GOOGL
$4.22T
| $8.25M | 0.44% |
+80,000
| New | +$7.9M |
|
39
Expedia Group
EXPE
$38.6B
| $6.02M | 0.32% |
+35,000
| New | +$5.39M |
|
40
Rocket Lab Corp
RKLB
$46.4B
| $5.57M | 0.3% |
+470,592
| New | +$5.22M |
|
41
BlackSky Technology
BKSY
$1.14B
| $4.62M | 0.25% |
+55,913
| New | +$4.95M |
|
42
Booking.com
BKNG
$158B
| $3.21M | 0.17% |
+34,500
| New | +$3.06M |
|
|
BTWNW
43
DELISTED
Bridgetown Holdings Limited Warrants
BTWNW
| $1.67M | 0.09% |
+572,005
| New | +$2.3M |
|
|
PACE.WS
44
DELISTED
TPG Pace Tech Opportunities Corp. Warrants, each whole warrant exercisable for one Class A ordinary
PACE.WS
| $1.22M | 0.07% |
+900,000
| New | +$1.8M |
|
|
OLO
45
DELISTED
Olo Inc
OLO
| $263K | 0.01% |
+9,950
| New | +$299K |
|
46
Katapult Holdings
KPLT
$484M
| $245K | 0.01% |
+748
| New | +$289K |
|
47
BioLife Solutions
BLFS
$1.81B
| – | – |
-265,000
| Closed | -$10.6M |
|
48
Cardlytics
CDLX
$25.3M
| – | – |
-44,706
| Closed | -$63.8M |
|
49
Chewy
CHWY
$9.83B
| – | – |
-536,715
| Closed | -$48.2M |
|
|
50
CrowdStrike
CRWD
$195B
| – | – |
-1,519,892
| Closed | -$80.5M |
|
Similar funds
Glen Kacher's Q1 2021 Portfolio in Review
As of Q1 2021, Glen Kacher held 65 positions worth $1.87B, down 44% from $3.35B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Glen Kacher withdrew a net $1.52B in Q1 2021, closing 19 positions and reducing 17 holdings. Its most notable exit was Unity, an estimated $739M position sold in full.
By sector, the portfolio is most concentrated in Technology at 45% of assets, down from 53% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Glen Kacher opened a new position in Meta Platforms (Facebook) worth $82.3M.
- Glen Kacher's largest Q1 2021 buy was Meta Platforms (Facebook): 279,500 shares worth $82.3M.
- Glen Kacher added most to Lyft in Q1 2021, an estimated $41.4M increase.
- Glen Kacher's biggest Q1 2021 reduction was Sea Limited, cutting an estimated $70.3M.
- Glen Kacher fully exited Unity in Q1 2021, selling an estimated $739M.
- Glen Kacher's ten largest holdings make up 41% of its $1.87B portfolio in Q1 2021.
- Glen Kacher opened 21 new positions and closed 19 in Q1 2021.
- Glen Kacher's portfolio value fell 44% quarter-over-quarter to $1.87B.
Based on Light Street Capital Management's 13F filing for Q1 2021, filed 17 May 2021.