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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
+6.44%
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
$723M
AUM Growth
+$177M
Cap. Flow
+$134M
Cap. Flow %
18.55%
Top 10 Hldgs %
51.13%
Holding
54
New
14
Increased
15
Reduced
15
Closed
10

Top Buys

Rank Stock Value
1
TRIP icon
TripAdvisor
TRIP
+$33.1M
2
JMEI
Jumei International Holding Limited American depositary shares, each representing ten Class A ordina
JMEI
+$23.1M
3
JOYY
JOYY Inc
JOYY
+$18.9M
4
NBIS
Nebius Group N.V.
NBIS
+$18.4M
5
JD icon
JD.com
JD
+$15.9M

Top Sells

Rank Stock Value
1
VIPS icon
Vipshop
VIPS
+$12.8M
2
PPLI
People Inc
PPLI
+$12.5M
3
SIRI icon
SiriusXM
SIRI
+$8.05M
4
YHOO
Yahoo Inc
YHOO
+$7.83M
5
MYGN icon
Myriad Genetics
MYGN
+$7.52M

Sector Composition

Rank Sector Weight
1 Communication Services 46.38%
2 Technology 18.15%
3 Consumer Discretionary 17.34%
4 Real Estate 7.62%
5 Industrials 3.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ENT
51
DELISTED
Global Eagle Entertainment Inc.
ENT
– –
-13,195
Closed -$5.21M
YHOO
52
DELISTED
Yahoo Inc
YHOO
– –
-217,960
Closed -$7.83M
EBIX
53
DELISTED
Ebix Inc
EBIX
– –
-144,518
Closed -$2.47M
AIXG
54
DELISTED
Aixtron SE
AIXG
– –
-30,000
Closed -$489K
1 2
3

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Glen Kacher's Q2 2014 Portfolio in Review

As of Q2 2014, Glen Kacher held 54 positions worth $723M, up 32% from $546M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Glen Kacher deployed $134M of net new capital in Q2 2014, opening 14 new positions and adding to 15 existing holdings. Its largest new stake was TripAdvisor: 360,000 shares worth $39.1M.

By sector, the portfolio is most concentrated in Communication Services at 46% of assets, down from 47% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Vipshop, an estimated $12.8M trimmed.

  • Glen Kacher's largest Q2 2014 buy was TripAdvisor: 360,000 shares worth $39.1M.
  • Glen Kacher added most to JOYY Inc in Q2 2014, an estimated $18.9M increase.
  • Glen Kacher's biggest Q2 2014 reduction was Vipshop, cutting an estimated $12.8M.
  • Glen Kacher fully exited People Inc in Q2 2014, selling an estimated $12.5M.
  • Glen Kacher's ten largest holdings make up 51% of its $723M portfolio in Q2 2014.
  • Glen Kacher opened 14 new positions and closed 10 in Q2 2014.
  • Glen Kacher's portfolio value rose 32% quarter-over-quarter to $723M.

Based on Light Street Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.