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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
+3.92%
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
$1.87B
AUM Growth
-$1.48B
Cap. Flow
-$1.52B
Cap. Flow %
-81.46%
Top 10 Hldgs %
40.91%
Holding
65
New
21
Increased
7
Reduced
17
Closed
19

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$75.3M
2
NVDA icon
NVIDIA
NVDA
+$66.1M
3
CRM icon
Salesforce
CRM
+$62.1M
4
NOW icon
ServiceNow
NOW
+$58.2M
5
NRDY icon
Nerdy
NRDY
+$57.7M

Top Sells

Rank Stock Value
1
U icon
Unity
U
+$739M
2
STNE icon
StoneCo
STNE
+$96.9M
3
WOLF icon
Wolfspeed
WOLF
+$84.2M
4
CRWD icon
CrowdStrike
CRWD
+$80.5M
5
SE icon
Sea Limited
SE
+$70.3M

Sector Composition

Rank Sector Weight
1 Technology 44.96%
2 Consumer Discretionary 27.05%
3 Communication Services 12.06%
4 Financials 7.47%
5 Healthcare 3.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SE icon
1
Sea Limited
SE
$72B
$113M 6.04%
505,800
-302,800
-37% -$70.3M
RUN icon
2
Sunrun
RUN
$2.21B
$87.1M 4.66%
1,439,992
-502,308
-26% -$34.9M
META icon
3
Meta Platforms (Facebook)
META
$1.4T
$82.3M 4.4%
+279,500
New +$75.3M
TLND
4
DELISTED
Talend S.A. American Depositary Shares
TLND
$80.6M 4.31%
1,266,052
-85,948
-6% -$4.47M
PTON icon
5
Peloton Interactive
PTON
$2.37B
$75.4M 4.04%
670,906
+125,926
+23% +$16.7M
TPGY
6
DELISTED
TPG Pace Beneficial Finance Corp.
TPGY
$72.3M 3.87%
3,690,122
+339,090
+10% +$7.96M
LYFT icon
7
Lyft
LYFT
$6.61B
$65.8M 3.52%
1,042,107
+740,893
+246% +$41.4M
NVDA icon
8
NVIDIA
NVDA
$5.2T
$65.6M 3.51%
+4,916,000
New +$66.1M
AVGO icon
9
Broadcom
AVGO
$1.75T
$62.1M 3.32%
1,339,700
+94,400
+8% +$4.37M
GDRX icon
10
GoodRx Holdings
GDRX
$1.18B
$60.3M 3.23%
1,546,000
-484,847
-24% -$21.8M
PINS icon
11
Pinterest
PINS
$13.3B
$59.2M 3.17%
800,140
-160,400
-17% -$11.9M
CRM icon
12
Salesforce
CRM
$171B
$59.1M 3.16%
+278,800
New +$62.1M
CZR icon
13
Caesars Entertainment
CZR
$6.06B
$58.6M 3.13%
669,579
-404,346
-38% -$33.9M
NOW icon
14
ServiceNow
NOW
$133B
$55.1M 2.95%
+551,050
New +$58.2M
PYPL icon
15
PayPal
PYPL
$52.7B
$53.4M 2.86%
220,000
+2,250
+1% +$568K
VYX icon
16
NCR Voyix
VYX
$1.09B
$52.6M 2.81%
2,258,473
-1,463,097
-39% -$32.2M
NRDY icon
17
Nerdy
NRDY
$89.8M
$52.5M 2.81%
+353,333
New +$57.7M
AMZN icon
18
Amazon
AMZN
$2.79T
$51.1M 2.73%
330,200
-143,400
-30% -$22.7M
PRPL icon
19
Purple Innovation
PRPL
$24.1M
$50.8M 2.72%
64,170
-69,266
-52% -$60.2M
TWCTU
20
DELISTED
TWC Tech Holdings II Corp. Unit
TWCTU
$50.5M 2.7%
5,000,000
– –
UBER icon
21
Uber
UBER
$161B
$50.1M 2.68%
+919,981
New +$51.3M
DT icon
22
Dynatrace
DT
$14.2B
$50M 2.67%
1,035,643
-1,308,057
-56% -$63.4M
ACEL icon
23
Accel Entertainment
ACEL
$979M
$49.3M 2.64%
4,515,000
-223,978
-5% -$2.4M
LYV icon
24
Live Nation Entertainment
LYV
$42.4B
$44.9M 2.41%
+531,000
New +$42.7M
STM icon
25
STMicroelectronics
STM
$45.1B
$43.7M 2.34%
+1,140,252
New +$44.5M
1
2 3

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SWM
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TFM
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Glen Kacher's Q1 2021 Portfolio in Review

As of Q1 2021, Glen Kacher held 65 positions worth $1.87B, down 44% from $3.35B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Glen Kacher withdrew a net $1.52B in Q1 2021, closing 19 positions and reducing 17 holdings. Its most notable exit was Unity, an estimated $739M position sold in full.

By sector, the portfolio is most concentrated in Technology at 45% of assets, down from 53% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Glen Kacher opened a new position in Meta Platforms (Facebook) worth $82.3M.

  • Glen Kacher's largest Q1 2021 buy was Meta Platforms (Facebook): 279,500 shares worth $82.3M.
  • Glen Kacher added most to Lyft in Q1 2021, an estimated $41.4M increase.
  • Glen Kacher's biggest Q1 2021 reduction was Sea Limited, cutting an estimated $70.3M.
  • Glen Kacher fully exited Unity in Q1 2021, selling an estimated $739M.
  • Glen Kacher's ten largest holdings make up 41% of its $1.87B portfolio in Q1 2021.
  • Glen Kacher opened 21 new positions and closed 19 in Q1 2021.
  • Glen Kacher's portfolio value fell 44% quarter-over-quarter to $1.87B.

Based on Light Street Capital Management's 13F filing for Q1 2021, filed 17 May 2021.