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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
+12.79%
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
$594M
AUM Growth
+$105M
Cap. Flow
+$51.1M
Cap. Flow %
8.6%
Top 10 Hldgs %
69.27%
Holding
34
New
8
Increased
8
Reduced
11
Closed
7

Top Buys

Rank Stock Value
1
DDOG icon
Datadog
DDOG
+$28.5M
2
CFLT
Confluent
CFLT
+$26.5M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$25.7M
4
CHYM
Chime Financial
CHYM
+$22.7M
5
SNOW icon
Snowflake
SNOW
+$21.3M

Top Sells

Rank Stock Value
1
CLS icon
Celestica
CLS
+$26.4M
2
META icon
Meta Platforms (Facebook)
META
+$19.9M
3
TSM icon
TSMC
TSM
+$17M
4
GDS icon
GDS Holdings
GDS
+$16.7M
5
NFLX icon
Netflix
NFLX
+$15.5M

Sector Composition

Rank Sector Weight
1 Technology 85.25%
2 Consumer Discretionary 7.09%
3 Communication Services 5.01%
4 Utilities 2.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADI icon
26
Analog Devices
ADI
$182B
$1.66M 0.28%
6,768
+698
+11% +$168K
CDNS icon
27
Cadence Design Systems
CDNS
$87.9B
$847K 0.14%
2,412
-3,544
-60% -$1.22M
ANSS
28
DELISTED
Ansys
ANSS
– –
-2,463
Closed -$865K
BL icon
29
BlackLine
BL
$1.85B
– –
-257,518
Closed -$14.6M
CLS icon
30
Celestica
CLS
$37.4B
– –
-169,252
Closed -$26.4M
MELI icon
31
Mercado Libre
MELI
$97.5B
– –
-3,049
Closed -$7.97M
META icon
32
Meta Platforms (Facebook)
META
$1.4T
– –
-26,905
Closed -$19.9M
NCNO icon
33
nCino
NCNO
$2.26B
– –
-150,820
Closed -$4.22M
NFLX icon
34
Netflix
NFLX
$331B
– –
-115,390
Closed -$15.5M
1
2

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TFM
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PI
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Glen Kacher's Q3 2025 Portfolio in Review

As of Q3 2025, Glen Kacher held 34 positions worth $594M, up 21% from $490M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Glen Kacher deployed $51.1M of net new capital in Q3 2025, opening 8 new positions and adding to 8 existing holdings. Its largest new stake was Datadog: 207,000 shares worth $29.5M.

By sector, the portfolio is most concentrated in Technology at 85% of assets, up from 83% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was TSMC, an estimated $17M trimmed.

  • Glen Kacher's largest Q3 2025 buy was Datadog: 207,000 shares worth $29.5M.
  • Glen Kacher added most to Chime Financial in Q3 2025, an estimated $22.7M increase.
  • Glen Kacher's biggest Q3 2025 reduction was TSMC, cutting an estimated $17M.
  • Glen Kacher fully exited Celestica in Q3 2025, selling an estimated $26.4M.
  • Glen Kacher's ten largest holdings make up 69% of its $594M portfolio in Q3 2025.
  • Glen Kacher opened 8 new positions and closed 7 in Q3 2025.
  • Glen Kacher's portfolio value rose 21% quarter-over-quarter to $594M.

Based on Light Street Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.