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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
+17.8%
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
$545M
AUM Growth
+$122M
Cap. Flow
+$62.1M
Cap. Flow %
11.39%
Top 10 Hldgs %
66.17%
Holding
33
New
11
Increased
7
Reduced
12
Closed
3

Top Buys

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$25M
2
GDS icon
GDS Holdings
GDS
+$16.6M
3
MELI icon
Mercado Libre
MELI
+$15.5M
4
MBLY icon
Mobileye
MBLY
+$12.1M
5
WDAY icon
Workday
WDAY
+$11.4M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$21.3M
2
BILL icon
BILL Holdings
BILL
+$16.4M
3
BE icon
Bloom Energy
BE
+$14.4M
4
AVGO icon
Broadcom
AVGO
+$7.9M
5
NCNO icon
nCino
NCNO
+$7.9M

Sector Composition

Rank Sector Weight
1 Technology 70.49%
2 Consumer Discretionary 9.8%
3 Communication Services 7.86%
4 Industrials 1.02%
5 Utilities 0.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ASML icon
26
ASML
ASML
$677B
$311K 0.06%
448
+128
+40% +$91.9K
CDNS icon
27
Cadence Design Systems
CDNS
$87.9B
$234K 0.04%
+780
New +$227K
ANSS
28
DELISTED
Ansys
ANSS
$233K 0.04%
+690
New +$231K
CEG icon
29
Constellation Energy
CEG
$96.7B
$232K 0.04%
+1,037
New +$259K
SNPS icon
30
Synopsys
SNPS
$76.2B
$221K 0.04%
+455
New +$238K
BE icon
31
Bloom Energy
BE
$59.3B
– –
-1,366,994
Closed -$14.4M
MU icon
32
Micron Technology
MU
$1.09T
– –
-2,000
Closed -$207K
NCNO icon
33
nCino
NCNO
$2.26B
– –
-249,968
Closed -$7.9M
1
2

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TFM
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SC
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Glen Kacher's Q4 2024 Portfolio in Review

As of Q4 2024, Glen Kacher held 33 positions worth $545M, up 29% from $423M the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Glen Kacher deployed $62.1M of net new capital in Q4 2024, opening 11 new positions and adding to 7 existing holdings. Its largest new stake was Marvell Technology: 269,646 shares worth $29.8M.

By sector, the portfolio is most concentrated in Technology at 70% of assets, down from 82% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was NVIDIA, an estimated $21.3M trimmed.

  • Glen Kacher's largest Q4 2024 buy was Marvell Technology: 269,646 shares worth $29.8M.
  • Glen Kacher added most to Meta Platforms (Facebook) in Q4 2024, an estimated $10.1M increase.
  • Glen Kacher's biggest Q4 2024 reduction was NVIDIA, cutting an estimated $21.3M.
  • Glen Kacher fully exited Bloom Energy in Q4 2024, selling an estimated $14.4M.
  • Glen Kacher's ten largest holdings make up 66% of its $545M portfolio in Q4 2024.
  • Glen Kacher opened 11 new positions and closed 3 in Q4 2024.
  • Glen Kacher's portfolio value rose 29% quarter-over-quarter to $545M.

Based on Light Street Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.