Light Street Capital Returned 46% in 2023: Top 15 Picks
In this piece, we will take a look at Light Street Capital returned 46% in 2023: top 15 picks.
Light Street Capital Management, LLC is an investment management firm headquartered in Palo Alto, California. Specializing in global investments within the public equity markets, the firm has a strategic emphasis on the technology and media sectors.
Glen Kacher founded Light Street in 2010 after a successful tenure at Integral Capital Partners, where he initially served as a Principal starting in 1998 and advanced to Managing Director by 2000. At Integral, Glen focused on developing portfolio strategies, conducting company research, and executing trades. Integral's investment approach allocated 70% of its funds to public companies, with the remaining 30% dedicated to private companies across sectors such as software, Internet, media, eCommerce, mobile and PC hardware, security software, and networking. Before Integral, Glen worked at Tiger Management from 1993 to 1997, first as a full-time research analyst and later as a part-time consultant, specializing in software, hardware, and networking investments. Glen holds an MBA from Stanford University's Graduate School of Business (1998) and a B.S. in Commerce with Distinction from the University of Virginia's McIntire School of Commerce (1993).
Light Street Capital Management is a hedge fund managing discretionary assets totaling $821,203,422, as reported in their Form ADV dated March 27, 2024. The firm serves 19 clients. In their most recent 13F filing for Q1 2024, Light Street Capital Management reported $413,495,816 in managed 13F securities, with a top 10 holdings concentration of 71.72%. Their largest holding is NVIDIA Corp., with 78,000 shares.
