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LSCM
Light Street Capital Management Portfolio holdings
AUM
$534M
1-Year Est. Return
59.08%
This Fund
S&P 500
This Quarter
Est. Return
+11.8%
1 Year Est. Return
+59.08%
3 Year Est. Return
+235.5%
5 Year Est. Return
+188.82%
10 Year Est. Return
+3,568.26%
AUM
$925M
AUM Growth
-$300M
(-24%)
Cap. Flow
-$385M
Cap. Flow
% of AUM
-41.59%
Top 10 Holdings %
Top 10 Hldgs %
77.11%
Holding
30
New
7
Increased
3
Reduced
10
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$32.8M |
| 2 |
NetEase
NTES
|
+$26.5M |
| 3 |
TAL Education Group
TAL
|
+$25.9M |
| 4 |
SFIX
Stitch Fix
SFIX
|
+$25.1M |
| 5 |
Okta
OKTA
|
+$19.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WIX.com
WIX
|
+$70.1M |
| 2 |
MOMO
Hello Group
MOMO
|
+$59.4M |
| 3 |
Booking.com
BKNG
|
+$48.5M |
| 4 |
Expedia Group
EXPE
|
+$43.2M |
| 5 |
LOGM
LogMein, Inc.
LOGM
|
+$37.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 27.91% |
| 2 | Communication Services | 22.02% |
| 3 | Technology | 17.22% |
| 4 | Consumer Staples | 2.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
Amazon
AMZN
$2.53T
| $196M | 21.23% |
3,358,000
| – | – |
|
2
Wayfair
W
$11.9B
| $78.3M | 8.46% |
975,000
+88,000
| +10% | +$6.18M |
|
3
Match Group
MTCH
$9.17B
| $75.6M | 8.17% |
2,415,000
-760,000
| -24% | -$21.3M |
|
4
Meta Platforms (Facebook)
META
$1.37T
| $70.6M | 7.63% |
400,000
-75,000
| -16% | -$13.3M |
|
|
5
Amazon
AMZN
$2.53T
| $69M | 7.46% |
1,180,000
+80,000
| +7% | +$4.4M |
|
|
STMP
6
DELISTED
Stamps.com, Inc.
STMP
| $56.4M | 6.1% |
300,000
-80,000
| -21% | -$15.5M |
|
7
Alibaba
BABA
$279B
| $47.4M | 5.13% |
275,000
-45,000
| -14% | -$8.06M |
|
8
Shopify
SHOP
$159B
| $42.9M | 4.64% |
4,250,000
+600,000
| +16% | +$6.15M |
|
|
XYZ
9
Block Inc
XYZ
$49.2B
| $42.5M | 4.59% |
1,225,000
-450,000
| -27% | -$16.5M |
|
|
10
Microsoft
MSFT
$3.35T
| $34.2M | 3.7% |
+400,000
| New | +$32.8M |
|
|
11
NetEase
NTES
$84.4B
| $29.3M | 3.17% |
+425,000
| New | +$26.5M |
|
|
SFIX
12
Stitch Fix
SFIX
$547M
| $28.4M | 3.07% |
+1,100,000
| New | +$25.1M |
|
|
GTYHU
13
DELISTED
GTY Technology Holdings, Inc. Units
GTYHU
| $25.8M | 2.79% |
2,500,000
| – | – |
|
|
14
TAL Education Group
TAL
$6.85B
| $25.3M | 2.73% |
+850,000
| New | +$25.9M |
|
15
Tesla
TSLA
$1.22T
| $23.4M | 2.52% |
1,125,000
-825,000
| -42% | -$17.9M |
|
16
IMAX
IMAX
$2.61B
| $18.5M | 2% |
800,000
-1,200,000
| -60% | -$28.3M |
|
|
17
Okta
OKTA
$24.4B
| $17.9M | 1.94% |
+700,000
| New | +$19.6M |
|
|
LOGM
18
DELISTED
LogMein, Inc.
LOGM
| $15M | 1.62% |
130,593
-319,407
| -71% | -$37.5M |
|
19
Mercado Libre
MELI
$95.6B
| $11.7M | 1.27% |
+37,289
| New | +$10.1M |
|
|
MOMO
20
Hello Group
MOMO
$886M
| $9.64M | 1.04% |
393,827
-2,059,774
| -84% | -$59.4M |
|
|
COUP
21
DELISTED
Coupa Software Incorporated
COUP
| $3.9M | 0.42% |
+125,000
| New | +$4.24M |
|
22
Palo Alto Networks
PANW
$265B
| $2.9M | 0.31% |
120,000
-1,500,000
| -93% | -$36.5M |
|
|
23
Booking.com
BKNG
$150B
| – | – |
-662,500
| Closed | -$48.5M |
|
24
BlackLine
BL
$1.8B
| – | – |
-320,000
| Closed | -$10.9M |
|
|
DESP
25
DELISTED
Despegar.com
DESP
| – | – |
-185,238
| Closed | -$5.93M |
|
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Light Street Capital Management's Q4 2017 Portfolio in Review
As of Q4 2017, Light Street Capital Management held 30 positions worth $925M, down 24% from $1.22B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Light Street Capital Management withdrew a net $385M in Q4 2017, closing 8 positions and reducing 10 holdings. Its most notable exit was WIX.com, an estimated $70.1M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, up from 25% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Light Street Capital Management opened a new position in Microsoft worth $34.2M.
- Light Street Capital Management's largest Q4 2017 buy was Microsoft: 400,000 shares worth $34.2M.
- Light Street Capital Management added most to Wayfair in Q4 2017, an estimated $6.18M increase.
- Light Street Capital Management's biggest Q4 2017 reduction was Hello Group, cutting an estimated $59.4M.
- Light Street Capital Management fully exited WIX.com in Q4 2017, selling an estimated $70.1M.
- Light Street Capital Management's ten largest holdings make up 77% of its $925M portfolio in Q4 2017.
- Light Street Capital Management opened 7 new positions and closed 8 in Q4 2017.
- Light Street Capital Management's portfolio value fell 24% quarter-over-quarter to $925M.
Based on Light Street Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.