Glen Kacher Light Street Capital Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SFUN
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
|
+$15.6M |
| 2 |
JOYY
JOYY Inc
JOYY
|
+$15.3M |
| 3 |
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
|
+$13.5M |
| 4 |
Lamar Advertising Co
LAMR
|
+$13M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$12.7M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.74% |
| 2 | Communication Services | 29.4% |
| 3 | Real Estate | 18.87% |
| 4 | Consumer Discretionary | 6.43% |
| 5 | Energy | 5.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
JOYY
1
JOYY Inc
JOYY
$3.71B
| $18.2M | 7.8% |
+680,000
| New | +$15.3M |
|
|
QIHU
2
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $16.2M | 6.91% |
+350,000
| New | +$13.5M |
|
|
SFUN
3
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $15.4M | 6.58% |
+62,000
| New | +$15.6M |
|
|
YHOO
4
DELISTED
Yahoo Inc
YHOO
| $12.6M | 5.37% |
+500,000
| New | +$12.7M |
|
|
5
Lamar Advertising Co
LAMR
$15.3B
| $12.1M | 5.19% |
+280,000
| New | +$13M |
|
6
SiriusXM
SIRI
$9.67B
| $10.4M | 4.44% |
+310,000
| New | +$10.2M |
|
7
CALL
Apple
AAPL
$4.51T
| $10M | 4.29% |
+708,400
| New | +$10.9M |
|
|
VNET
8
VNET Group
VNET
$1.91B
| $9.06M | 3.87% |
+800,000
| New | +$7.77M |
|
9
Adobe
ADBE
$109B
| $8.2M | 3.51% |
+180,000
| New | +$7.97M |
|
|
ACTV
10
DELISTED
Active Network Inc
ACTV
| $7.72M | 3.3% |
+1,020,000
| New | +$6.02M |
|
11
SBA Communications
SBAC
$19.4B
| $7.41M | 3.17% |
+100,000
| New | +$7.62M |
|
|
PARA
12
DELISTED
Paramount Global Class B
PARA
| $7.33M | 3.13% |
+150,000
| New | +$6.85M |
|
|
LNKD
13
DELISTED
LinkedIn Corporation
LNKD
| $7.13M | 3.05% |
+40,000
| New | +$7.09M |
|
14
Crown Castle
CCI
$32.1B
| $6.88M | 2.94% |
+95,000
| New | +$6.97M |
|
15
Liberty Global Class A
LBTYA
$3.63B
| $6.8M | 2.91% |
+224,307
| New | +$6.85M |
|
16
Booking.com
BKNG
$158B
| $6.61M | 2.83% |
+200,000
| New | +$6.11M |
|
17
Workday
WDAY
$49.4B
| $6.41M | 2.74% |
+100,000
| New | +$6.28M |
|
18
eBay
EBAY
$46.3B
| $5.95M | 2.54% |
+273,240
| New | +$6.2M |
|
19
Liberty Media Series A
FWONA
$24.2B
| $5.7M | 2.44% |
+253,304
| New | +$5.37M |
|
20
Charter Communications
CHTR
$17.9B
| $4.95M | 2.12% |
+40,000
| New | +$4.39M |
|
21
Groupon
GRPN
$797M
| $4.7M | 2.01% |
+27,500
| New | +$3.72M |
|
|
N
22
DELISTED
Netsuite Inc
N
| $4.59M | 1.96% |
+50,000
| New | +$4.29M |
|
|
XOOM
23
DELISTED
XOOM CORP COM
XOOM
| $4.47M | 1.91% |
+195,000
| New | +$3.9M |
|
24
Microsoft
MSFT
$3.59T
| $4.32M | 1.85% |
+125,000
| New | +$4.1M |
|
|
25
Apple
AAPL
$4.51T
| $3.96M | 1.69% |
+280,000
| New | +$4.31M |
|
Similar funds
Glen Kacher's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Glen Kacher, which disclosed 38 positions worth $234M. Its ten largest holdings account for 51% of the portfolio.
Its largest position is Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares): 62,000 shares worth $15.4M.
By sector, the portfolio is most concentrated in Technology at 32% of assets, followed by Communication Services and Real Estate.
- Glen Kacher's largest Q2 2013 buy was Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares): 62,000 shares worth $15.4M.
- Glen Kacher's ten largest holdings make up 51% of its $234M portfolio in Q2 2013.
- Glen Kacher disclosed 38 positions in Q2 2013, its first 13F filing on record.
Based on Light Street Capital Management's 13F filing for Q2 2013, filed 14 Aug 2013.