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
-6.09%
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
$393M
AUM Growth
-$833M
Cap. Flow
-$783M
Cap. Flow %
-199.24%
Top 10 Hldgs %
58.06%
Holding
37
New
5
Increased
1
Reduced
19
Closed
7

Top Buys

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$23M
2
ASML icon
ASML
ASML
+$22.6M
3
ALB icon
Albemarle
ALB
+$17.7M
4
CPNG icon
Coupang
CPNG
+$13M
5
INDI icon
indie Semiconductor
INDI
+$12.3M

Top Sells

Rank Stock Value
1
ZEN
ZENDESK INC
ZEN
+$202M
2
DOCS icon
Doximity
DOCS
+$22.9M
3
BILL icon
BILL Holdings
BILL
+$21M
4
NRDY icon
Nerdy
NRDY
+$13.4M
5
FORG
ForgeRock, Inc.
FORG
+$10.7M

Sector Composition

Rank Sector Weight
1 Technology 64%
2 Consumer Discretionary 15.36%
3 Healthcare 8.46%
4 Communication Services 5.35%
5 Materials 4.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SMAR
26
DELISTED
Smartsheet Inc.
SMAR
$1.46M 0.37%
42,441
-27,553
-39% -$934K
CLBTW
27
DELISTED
Cellebrite DI Ltd. Warrants
CLBTW
$1M 0.25%
1,666,667
– –
NRDY.WS
28
DELISTED
Nerdy Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
NRDY.WS
$520K 0.13%
1,300,000
– –
ROVR
29
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
$154K 0.04%
46,044
– –
BTWNW
30
DELISTED
Bridgetown Holdings Limited Warrants
BTWNW
$74K 0.02%
572,005
– –
DOCS icon
31
Doximity
DOCS
$4.51B
– –
-657,575
Closed -$22.9M
EXPE icon
32
Expedia Group
EXPE
$38.6B
– –
-12,360
Closed -$1.17M
TWLO icon
33
Twilio
TWLO
$34.6B
– –
-32,822
Closed -$2.75M
ASTR
34
DELISTED
Astra Space, Inc. Class A Common Stock
ASTR
– –
-60,995
Closed -$1.19M
EVBG
35
DELISTED
Everbridge, Inc. Common Stock
EVBG
– –
-287,513
Closed -$8.02M
ZEN
36
CALL
DELISTED
ZENDESK INC
ZEN
– –
-7,292,300
Closed -$540M
ZEN
37
DELISTED
ZENDESK INC
ZEN
– –
-2,726,101
Closed -$202M
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 2022 Portfolio in Review

As of Q3 2022, Glen Kacher held 37 positions worth $393M, down 68% from $1.23B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Glen Kacher withdrew a net $783M in Q3 2022, closing 7 positions and reducing 19 holdings. Its most notable exit was ZENDESK INC, an estimated $202M position sold in full.

By sector, the portfolio is most concentrated in Technology at 64% of assets, up from 42% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Glen Kacher opened a new position in Salesforce worth $19.5M.

  • Glen Kacher's largest Q3 2022 buy was Salesforce: 135,563 shares worth $19.5M.
  • Glen Kacher added most to Tesla in Q3 2022, an estimated $9.71M increase.
  • Glen Kacher's biggest Q3 2022 reduction was BILL Holdings, cutting an estimated $21M.
  • Glen Kacher fully exited ZENDESK INC in Q3 2022, selling an estimated $202M.
  • Glen Kacher's ten largest holdings make up 58% of its $393M portfolio in Q3 2022.
  • Glen Kacher opened 5 new positions and closed 7 in Q3 2022.
  • Glen Kacher's portfolio value fell 68% quarter-over-quarter to $393M.

Based on Light Street Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.