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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
+1.08%
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
$707M
AUM Growth
-$16.5M
Cap. Flow
+$14.2M
Cap. Flow %
2.01%
Top 10 Hldgs %
47.54%
Holding
51
New
7
Increased
15
Reduced
11
Closed
17

Top Buys

Rank Stock Value
1
MNDT
Mandiant, Inc. Common Stock
MNDT
+$28.2M
2
AMX icon
America Movil
AMX
+$22.9M
3
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
+$16.5M
4
DATA
Tableau Software, Inc.
DATA
+$12.4M
5
TWTR
Twitter, Inc.
TWTR
+$11M

Top Sells

Rank Stock Value
1
TRIP icon
TripAdvisor
TRIP
+$23.3M
2
SFUN
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
+$20.4M
3
JOYY
JOYY Inc
JOYY
+$16.7M
4
RNG icon
RingCentral
RNG
+$12.1M
5
LNKD
LinkedIn Corporation
LNKD
+$12M

Sector Composition

Rank Sector Weight
1 Communication Services 43.21%
2 Technology 26.89%
3 Consumer Discretionary 14.92%
4 Real Estate 4.54%
5 Industrials 2.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LNKD
51
DELISTED
LinkedIn Corporation
LNKD
– –
-70,000
Closed -$12M
1 2
3

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TFM
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SG
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Glen Kacher's Q3 2014 Portfolio in Review

As of Q3 2014, Glen Kacher held 51 positions worth $707M, down 2.3% from $723M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Glen Kacher's Q3 2014 filing shows 7 new, 15 increased, 11 reduced and 17 closed positions. Its largest new stake was America Movil: 950,000 shares worth $23.9M. The largest sale was TripAdvisor, an estimated $23.3M.

By sector, the portfolio is most concentrated in Communication Services at 43% of assets, down from 46% a quarter earlier, followed by Technology and Consumer Discretionary.

  • Glen Kacher's largest Q3 2014 buy was America Movil: 950,000 shares worth $23.9M.
  • Glen Kacher added most to Mandiant, Inc. Common Stock in Q3 2014, an estimated $28.2M increase.
  • Glen Kacher's biggest Q3 2014 reduction was TripAdvisor, cutting an estimated $23.3M.
  • Glen Kacher fully exited Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares) in Q3 2014, selling an estimated $20.4M.
  • Glen Kacher's ten largest holdings make up 48% of its $707M portfolio in Q3 2014.
  • Glen Kacher opened 7 new positions and closed 17 in Q3 2014.
  • Glen Kacher's portfolio value fell 2.3% quarter-over-quarter to $707M.

Based on Light Street Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.