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 |
GoodRx Holdings
GDRX
|
+$63.9M |
| 2 |
BILL Holdings
BILL
|
+$51.7M |
| 3 |
Tesla
TSLA
|
+$44.8M |
| 4 |
GTM
ZoomInfo Technologies
GTM
|
+$41.5M |
| 5 |
Doximity
DOCS
|
+$40M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sea Limited
SE
|
+$113M |
| 2 |
Mercado Libre
MELI
|
+$76.4M |
| 3 |
Elastic
ESTC
|
+$66.2M |
| 4 |
Take-Two Interactive
TTWO
|
+$50.4M |
| 5 |
Meta Platforms (Facebook)
META
|
+$50.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 50.49% |
| 2 | Consumer Discretionary | 11.46% |
| 3 | Healthcare | 10.06% |
| 4 | Communication Services | 6.48% |
| 5 | Industrials | 3.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ZEN
1
CALL
DELISTED
ZENDESK INC
ZEN
| $263M | 17.05% |
+2,187,900
| New | +$238M |
|
|
ZEN
2
DELISTED
ZENDESK INC
ZEN
| $165M | 10.68% |
1,371,091
+127,110
| +10% | +$13.8M |
|
|
3
GoodRx Holdings
GDRX
$1.18B
| $81.4M | 5.27% |
4,209,153
+2,784,779
| +196% | +$63.9M |
|
4
Datadog
DDOG
$84.6B
| $63.1M | 4.09% |
416,690
+82,050
| +25% | +$12M |
|
|
5
BILL Holdings
BILL
$4.76B
| $56.2M | 3.64% |
+247,835
| New | +$51.7M |
|
6
Applovin
APP
$102B
| $55.8M | 3.62% |
1,013,980
+580,800
| +134% | +$37M |
|
|
CFLT
7
DELISTED
Confluent
CFLT
| $52.3M | 3.39% |
1,275,994
+236,933
| +23% | +$12.3M |
|
|
8
Tesla
TSLA
$1.43T
| $51.7M | 3.35% |
+143,895
| New | +$44.8M |
|
9
Nerdy
NRDY
$89.8M
| $50.7M | 3.28% |
663,747
| – | – |
|
|
10
Doximity
DOCS
$4.51B
| $47.2M | 3.05% |
905,325
+795,325
| +723% | +$40M |
|
|
GTM
11
ZoomInfo Technologies
GTM
$1.16B
| $46.3M | 3% |
+774,300
| New | +$41.5M |
|
12
Accel Entertainment
ACEL
$979M
| $45.2M | 2.93% |
3,710,486
-546,445
| -13% | -$7.06M |
|
|
FORG
13
DELISTED
ForgeRock, Inc.
FORG
| $43.8M | 2.84% |
1,998,786
+772,385
| +63% | +$13M |
|
14
Cellebrite
CLBT
$2.77B
| $43.5M | 2.82% |
6,795,000
| – | – |
|
15
CrowdStrike
CRWD
$195B
| $41.2M | 2.67% |
+726,080
| New | +$33.8M |
|
16
Match Group
MTCH
$9.38B
| $39.5M | 2.56% |
362,900
+35,980
| +11% | +$3.97M |
|
17
Expensify
EXFY
$241M
| $36.9M | 2.39% |
2,102,760
+538,163
| +34% | +$13.1M |
|
18
Amazon
AMZN
$2.79T
| $34.1M | 2.21% |
209,100
-19,840
| -9% | -$3.07M |
|
19
Microsoft
MSFT
$3.59T
| $32.8M | 2.13% |
106,455
+42,150
| +66% | +$12.7M |
|
20
Salesforce
CRM
$171B
| $31.5M | 2.04% |
148,275
-152,565
| -51% | -$32.8M |
|
21
PAR Technology
PAR
$808M
| $30.1M | 1.95% |
745,768
-268,719
| -26% | -$11M |
|
22
Samsara
IOT
$23.3B
| $29.6M | 1.92% |
+1,848,402
| New | +$35.2M |
|
23
Rocket Lab Corp
RKLB
$46.4B
| $29.4M | 1.91% |
3,656,015
-275,497
| -7% | -$2.56M |
|
24
GitLab
GTLB
$7.04B
| $29.2M | 1.89% |
+536,785
| New | +$32M |
|
25
Expedia Group
EXPE
$38.6B
| $26.6M | 1.72% |
+135,987
| New | +$25.4M |
|
Similar funds
Glen Kacher's Q1 2022 Portfolio in Review
As of Q1 2022, Glen Kacher held 56 positions worth $1.54B, down 7.7% from $1.67B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Glen Kacher's Q1 2022 filing shows 10 new, 11 increased, 12 reduced and 17 closed positions. Its largest new stake was BILL Holdings: 247,835 shares worth $56.2M. The largest sale was Sea Limited, an estimated $113M.
By sector, the portfolio is most concentrated in Technology at 50% of assets, down from 51% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Glen Kacher's largest Q1 2022 buy was BILL Holdings: 247,835 shares worth $56.2M.
- Glen Kacher added most to GoodRx Holdings in Q1 2022, an estimated $63.9M increase.
- Glen Kacher's biggest Q1 2022 reduction was Salesforce, cutting an estimated $32.8M.
- Glen Kacher fully exited Sea Limited in Q1 2022, selling an estimated $113M.
- Glen Kacher's ten largest holdings make up 57% of its $1.54B portfolio in Q1 2022.
- Glen Kacher opened 10 new positions and closed 17 in Q1 2022.
- Glen Kacher's portfolio value fell 7.7% quarter-over-quarter to $1.54B.
Based on Light Street Capital Management's 13F filing for Q1 2022, filed 16 May 2022.