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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
+24.26%
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
$334M
AUM Growth
-$5.86M
Cap. Flow
-$69.1M
Cap. Flow %
-20.69%
Top 10 Hldgs %
73.55%
Holding
28
New
5
Increased
7
Reduced
9
Closed
7

Top Buys

Rank Stock Value
1
TSM icon
TSMC
TSM
+$12.7M
2
MELI icon
Mercado Libre
MELI
+$11.6M
3
BILL icon
BILL Holdings
BILL
+$11M
4
PCOR icon
Procore
PCOR
+$9.93M
5
AMD icon
Advanced Micro Devices
AMD
+$6.35M

Top Sells

Rank Stock Value
1
GTLB icon
GitLab
GTLB
+$29.2M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$18.3M
3
TSLA icon
Tesla
TSLA
+$15.8M
4
SNPS icon
Synopsys
SNPS
+$11.5M
5
CLBT icon
Cellebrite
CLBT
+$9.85M

Sector Composition

Rank Sector Weight
1 Technology 79.26%
2 Consumer Discretionary 14.75%
3 Communication Services 5.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SNPS icon
26
Synopsys
SNPS
$76.2B
– –
-25,040
Closed -$11.5M
TSLA icon
27
Tesla
TSLA
$1.43T
– –
-63,120
Closed -$15.8M
BTWNW
28
DELISTED
Bridgetown Holdings Limited Warrants
BTWNW
– –
-572,005
Closed -$194K
1
2

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Glen Kacher's Q4 2023 Portfolio in Review

As of Q4 2023, Glen Kacher held 28 positions worth $334M, down 1.7% from $340M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Glen Kacher withdrew a net $69.1M in Q4 2023, closing 7 positions and reducing 9 holdings. Its most notable exit was Alphabet (Google) Class A, an estimated $18.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 79% of assets, up from 76% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Glen Kacher opened a new position in Mercado Libre worth $12.9M.

  • Glen Kacher's largest Q4 2023 buy was Mercado Libre: 8,200 shares worth $12.9M.
  • Glen Kacher added most to TSMC in Q4 2023, an estimated $12.7M increase.
  • Glen Kacher's biggest Q4 2023 reduction was GitLab, cutting an estimated $29.2M.
  • Glen Kacher fully exited Alphabet (Google) Class A in Q4 2023, selling an estimated $18.3M.
  • Glen Kacher's ten largest holdings make up 74% of its $334M portfolio in Q4 2023.
  • Glen Kacher opened 5 new positions and closed 7 in Q4 2023.
  • Glen Kacher's portfolio value fell 1.7% quarter-over-quarter to $334M.

Based on Light Street Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.