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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
+50.32%
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
$317M
AUM Growth
+$83.3M
Cap. Flow
-$4.53M
Cap. Flow %
-1.43%
Top 10 Hldgs %
50.81%
Holding
52
New
14
Increased
9
Reduced
15
Closed
12

Top Buys

Rank Stock Value
1
P
Pandora Media Inc
P
+$11.5M
2
BITA
Bitauto Holdings Limited
BITA
+$9.12M
3
META icon
Meta Platforms (Facebook)
META
+$8M
4
EJ
E HOUSE (CHINA) HOLDINGS LIMITED
EJ
+$6.64M
5
BIDU icon
Baidu
BIDU
+$5.8M

Top Sells

Rank Stock Value
1
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
+$10.5M
2
JOYY
JOYY Inc
JOYY
+$8.77M
3
EBAY icon
eBay
EBAY
+$5.95M
4
ADBE icon
Adobe
ADBE
+$5.25M
5
CHTR icon
Charter Communications
CHTR
+$4.95M

Sector Composition

Rank Sector Weight
1 Communication Services 33.91%
2 Technology 26.27%
3 Real Estate 23.55%
4 Consumer Discretionary 4.33%
5 Energy 4.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JOBS
51
DELISTED
51job Inc
JOBS
– –
-66,000
Closed -$2.23M
CSOD
52
DELISTED
Cornerstone OnDemand, Inc.
CSOD
– –
-30,000
Closed -$1.3M
1 2
3

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SWM
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TFM
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PI
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SC
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SG
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NCM
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Glen Kacher's Q3 2013 Portfolio in Review

As of Q3 2013, Glen Kacher held 52 positions worth $317M, up 36% from $234M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Glen Kacher's Q3 2013 filing shows 14 new, 9 increased, 15 reduced and 12 closed positions. Its largest new stake was Pandora Media Inc: 560,000 shares worth $14.1M. The largest sale was QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS, an estimated $10.5M.

By sector, the portfolio is most concentrated in Communication Services at 34% of assets, up from 29% a quarter earlier, followed by Technology and Real Estate.

  • Glen Kacher's largest Q3 2013 buy was Pandora Media Inc: 560,000 shares worth $14.1M.
  • Glen Kacher added most to ServiceNow in Q3 2013, an estimated $4.6M increase.
  • Glen Kacher's biggest Q3 2013 reduction was QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS, cutting an estimated $10.5M.
  • Glen Kacher fully exited eBay in Q3 2013, selling an estimated $5.95M.
  • Glen Kacher's ten largest holdings make up 51% of its $317M portfolio in Q3 2013.
  • Glen Kacher opened 14 new positions and closed 12 in Q3 2013.
  • Glen Kacher's portfolio value rose 36% quarter-over-quarter to $317M.

Based on Light Street Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.