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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
+0.44%
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
$423M
AUM Growth
-$12.7M
Cap. Flow
-$9.26M
Cap. Flow %
-2.19%
Top 10 Hldgs %
75.31%
Holding
28
New
2
Increased
9
Reduced
9
Closed
6

Top Buys

Rank Stock Value
1
GTLB icon
GitLab
GTLB
+$18.4M
2
AMD icon
Advanced Micro Devices
AMD
+$12.8M
3
FROG icon
JFrog
FROG
+$10.6M
4
BE icon
Bloom Energy
BE
+$5.54M
5
CLBT icon
Cellebrite
CLBT
+$4.8M

Top Sells

Rank Stock Value
1
DELL icon
Dell
DELL
+$17.4M
2
P
Everpure Inc
P
+$9.57M
3
NTAP icon
NetApp
NTAP
+$9.19M
4
CLS icon
Celestica
CLS
+$9.13M
5
CRM icon
Salesforce
CRM
+$5.49M

Sector Composition

Rank Sector Weight
1 Technology 81.93%
2 Consumer Discretionary 5.21%
3 Communication Services 4.94%
4 Industrials 3.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
P
26
Everpure Inc
P
$36.1B
– –
-149,000
Closed -$9.57M
QCOM icon
27
Qualcomm
QCOM
$169B
– –
-1,480
Closed -$295K
CLBTW
28
DELISTED
Cellebrite DI Ltd. Warrants
CLBTW
– –
-1,872,361
Closed -$5.11M
1
2

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Glen Kacher's Q3 2024 Portfolio in Review

As of Q3 2024, Glen Kacher held 28 positions worth $423M, down 2.9% from $435M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Glen Kacher's Q3 2024 filing shows 2 new, 9 increased, 9 reduced and 6 closed positions. Its largest new stake was GitLab: 368,955 shares worth $19M. The largest sale was Dell, an estimated $17.4M.

By sector, the portfolio is most concentrated in Technology at 82% of assets, down from 82% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Glen Kacher's largest Q3 2024 buy was GitLab: 368,955 shares worth $19M.
  • Glen Kacher added most to Advanced Micro Devices in Q3 2024, an estimated $12.8M increase.
  • Glen Kacher's biggest Q3 2024 reduction was Celestica, cutting an estimated $9.13M.
  • Glen Kacher fully exited Dell in Q3 2024, selling an estimated $17.4M.
  • Glen Kacher's ten largest holdings make up 75% of its $423M portfolio in Q3 2024.
  • Glen Kacher opened 2 new positions and closed 6 in Q3 2024.
  • Glen Kacher's portfolio value fell 2.9% quarter-over-quarter to $423M.

Based on Light Street Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.