Glen Kacher created light Street Capital in 2010. The investment management firm established in Palo Alto primarily invests in public firms in the technology and media sectors. Glen Kacher graduated with honors from the University of Virginia’s McIntire School of Commerce with a B.S. in Commerce. Light Street Capital’s investment portfolio totals more than $2.3 billion. Large-cap equities account for the vast majority of the fund’s holdings. Light Street has been a shareholder in Sea Limited since 2019 and presently holds a $147.38 million position.
Insider Monkey looks towards the top 10 stocks in Light Street Capital’s portfolio. Pinterest Inc. is a social media platform that allows users to share images. On November 4, its stock jumped 6.5 percent after third-quarter revenue increased by 43 percent because of higher demand from large retail advertisers and development in its foreign sector. Doximity, Inc. is a medical professional online networking business based in California. Platform provides curated medical news, telemedicine tools, and case collaboration to its subscribers. Sean Wieland of Piper Sandler boosted Doximity’s price objective to $81 from $68. For their clients in many industries, such as retail, logistics, and manufacturing, the company provides a stream data platform. As of the end of the second quarter, 30 hedge funds had reported holding holdings in Confluent, Inc., according to our database. Light Street Capital increased its holdings in AppLovin Corporation during the second quarter. The fund owns 884,205 shares of the company. Insider Monkey tracked 873 hedge funds, and 16 of them had positions worth $987 million. By the end of the June quarter, Glen Kacher’s Light Street Capital owned 387,557 shares of Futu Holdings Limited. The Hong Kong-based holding company is a digital brokerage and wealth management platform provider. The company’s stock is up 14.34 percent year to date. For more details, click the Top 10 Stocks In Glen Kacher’s Light Street Capital’s Portfolio.
