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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
+28.8%
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
$413M
AUM Growth
+$79.6M
Cap. Flow
-$2.58M
Cap. Flow %
-0.62%
Top 10 Hldgs %
71.72%
Holding
27
New
6
Increased
7
Reduced
9
Closed
5

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$15.7M
2
TSM icon
TSMC
TSM
+$12.9M
3
ADBE icon
Adobe
ADBE
+$11.4M
4
DASH icon
DoorDash
DASH
+$11.2M
5
BILL icon
BILL Holdings
BILL
+$10.7M

Top Sells

Rank Stock Value
1
AMD icon
Advanced Micro Devices
AMD
+$24.6M
2
NVDA icon
NVIDIA
NVDA
+$15.2M
3
GTLB icon
GitLab
GTLB
+$15.1M
4
PDD icon
Pinduoduo
PDD
+$12.7M
5
CAMT icon
Camtek
CAMT
+$7.04M

Sector Composition

Rank Sector Weight
1 Technology 72.9%
2 Consumer Discretionary 13.45%
3 Communication Services 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LI icon
26
Li Auto
LI
$12.8B
– –
-117,692
Closed -$4.41M
PDD icon
27
Pinduoduo
PDD
$126B
– –
-87,000
Closed -$12.7M
1
2

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Glen Kacher's Q1 2024 Portfolio in Review

As of Q1 2024, Glen Kacher held 27 positions worth $413M, up 24% from $334M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Glen Kacher's Q1 2024 filing shows 6 new, 7 increased, 9 reduced and 5 closed positions. Its largest new stake was Alphabet (Google) Class A: 110,000 shares worth $16.6M. The largest sale was Advanced Micro Devices, an estimated $24.6M.

By sector, the portfolio is most concentrated in Technology at 73% of assets, down from 79% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Glen Kacher's largest Q1 2024 buy was Alphabet (Google) Class A: 110,000 shares worth $16.6M.
  • Glen Kacher added most to TSMC in Q1 2024, an estimated $12.9M increase.
  • Glen Kacher's biggest Q1 2024 reduction was Advanced Micro Devices, cutting an estimated $24.6M.
  • Glen Kacher fully exited GitLab in Q1 2024, selling an estimated $15.1M.
  • Glen Kacher's ten largest holdings make up 72% of its $413M portfolio in Q1 2024.
  • Glen Kacher opened 6 new positions and closed 5 in Q1 2024.
  • Glen Kacher's portfolio value rose 24% quarter-over-quarter to $413M.

Based on Light Street Capital Management's 13F filing for Q1 2024, filed 15 May 2024.