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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
+32.18%
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
$490M
AUM Growth
+$131M
Cap. Flow
+$34.2M
Cap. Flow %
6.99%
Top 10 Hldgs %
73.98%
Holding
28
New
7
Increased
10
Reduced
9
Closed
2

Top Buys

Rank Stock Value
1
CHYM
Chime Financial
CHYM
+$22.9M
2
GDS icon
GDS Holdings
GDS
+$18.1M
3
CLS icon
Celestica
CLS
+$18M
4
SE icon
Sea Limited
SE
+$17.5M
5
NFLX icon
Netflix
NFLX
+$13M

Top Sells

Rank Stock Value
1
RDDT icon
Reddit
RDDT
+$18.5M
2
BL icon
BlackLine
BL
+$6.38M
3
NCNO icon
nCino
NCNO
+$5.41M
4
FROG icon
JFrog
FROG
+$1.22M
5
ASML icon
ASML
ASML
+$1.08M

Sector Composition

Rank Sector Weight
1 Technology 83.14%
2 Consumer Discretionary 9.37%
3 Communication Services 7.21%
4 Utilities 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ANSS
26
DELISTED
Ansys
ANSS
$865K 0.18%
2,463
-2,896
-54% -$949K
TSM icon
27
PUT
TSMC
TSM
$2.17T
– –
-297,500
Closed -$49.4M
RDDT icon
28
Reddit
RDDT
$29.5B
– –
-176,550
Closed -$18.5M
1
2

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SWM
SeaCrest Wealth Management Purchase, New York $903M AUM 47.26% 1-Year Est. Return
TFM
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PI
Parkside Investments Deerfield, Illinois $902M AUM 32.45% 1-Year Est. Return
SC
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SG
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NCM
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Glen Kacher's Q2 2025 Portfolio in Review

As of Q2 2025, Glen Kacher held 28 positions worth $490M, up 37% from $358M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Glen Kacher deployed $34.2M of net new capital in Q2 2025, opening 7 new positions and adding to 10 existing holdings. Its largest new stake was Chime Financial: 693,530 shares worth $23.9M.

By sector, the portfolio is most concentrated in Technology at 83% of assets, up from 72% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was BlackLine, an estimated $6.38M trimmed.

  • Glen Kacher's largest Q2 2025 buy was Chime Financial: 693,530 shares worth $23.9M.
  • Glen Kacher added most to TSMC in Q2 2025, an estimated $7.23M increase.
  • Glen Kacher's biggest Q2 2025 reduction was BlackLine, cutting an estimated $6.38M.
  • Glen Kacher fully exited Reddit in Q2 2025, selling an estimated $18.5M.
  • Glen Kacher's ten largest holdings make up 74% of its $490M portfolio in Q2 2025.
  • Glen Kacher opened 7 new positions and closed 2 in Q2 2025.
  • Glen Kacher's portfolio value rose 37% quarter-over-quarter to $490M.

Based on Light Street Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.