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
+24.46%
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
$377M
AUM Growth
-$32.6M
Cap. Flow
-$99.4M
Cap. Flow %
-26.35%
Top 10 Hldgs %
71.36%
Holding
29
New
6
Increased
3
Reduced
9
Closed
8

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$19.9M
2
NFLX icon
Netflix
NFLX
+$15.9M
3
AMZN icon
Amazon
AMZN
+$12.9M
4
PANW icon
Palo Alto Networks
PANW
+$8.99M
5
AMPL icon
Amplitude
AMPL
+$7.61M

Top Sells

Rank Stock Value
1
SE icon
Sea Limited
SE
+$24.6M
2
TWLO icon
Twilio
TWLO
+$22.3M
3
MELI icon
Mercado Libre
MELI
+$19.5M
4
AMD icon
Advanced Micro Devices
AMD
+$18.7M
5
CRWD icon
CrowdStrike
CRWD
+$13.6M

Sector Composition

Rank Sector Weight
1 Technology 69.67%
2 Communication Services 18.18%
3 Consumer Discretionary 11.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MELI icon
26
Mercado Libre
MELI
$100B
– –
-14,777
Closed -$19.5M
SE icon
27
Sea Limited
SE
$71.3B
– –
-284,263
Closed -$24.6M
TWLO icon
28
Twilio
TWLO
$34B
– –
-335,431
Closed -$22.3M
SPLK
29
DELISTED
Splunk Inc
SPLK
– –
-111,216
Closed -$10.7M
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 Q2 2023 Portfolio in Review

As of Q2 2023, Glen Kacher held 29 positions worth $377M, down 8% from $410M the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Glen Kacher withdrew a net $99.4M in Q2 2023, closing 8 positions and reducing 9 holdings. Its most notable exit was Sea Limited, an estimated $24.6M position sold in full.

By sector, the portfolio is most concentrated in Technology at 70% of assets, down from 74% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Glen Kacher opened a new position in Alphabet (Google) Class A worth $20.7M.

  • Glen Kacher's largest Q2 2023 buy was Alphabet (Google) Class A: 172,798 shares worth $20.7M.
  • Glen Kacher added most to Meta Platforms (Facebook) in Q2 2023, an estimated $5.44M increase.
  • Glen Kacher's biggest Q2 2023 reduction was Advanced Micro Devices, cutting an estimated $18.7M.
  • Glen Kacher fully exited Sea Limited in Q2 2023, selling an estimated $24.6M.
  • Glen Kacher's ten largest holdings make up 71% of its $377M portfolio in Q2 2023.
  • Glen Kacher opened 6 new positions and closed 8 in Q2 2023.
  • Glen Kacher's portfolio value fell 8% quarter-over-quarter to $377M.

Based on Light Street Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.