LIGHT STREET CAPITAL MANAGEMENT, LLC other names

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Adviser Profile

As of Date:

03/27/2024

Adviser Type:

- Large advisory firm

Number of Employees:

13 -13.33%

of those in investment advisory functions:

5 -44.44%

Registration:

California, Terminated, 4/6/2013

Other registrations (1)
AUM:

821,203,422 -4.68%

of that, discretionary:

821,203,422 -4.68%

Private Fund GAV:

821,203,422 -37.37%

Avg Account Size:

43,221,233 -4.68%

SMA’s:

NO

Private Funds:

19

Contact Info

650 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
4B 4B 3B 3B 2B 1B 630M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Light Street's AI-Focused Hedge Fund Continues Its Streak - Institutional Investor
03/07/2024

It accounted for nearly 15 percent of the hedge fund firm's U.S.-listed common stock longs at year-end, even after Light Street trimmed the position ...

institutionalinvestor.com

Light Street Launches New Fund in Bet on AI Infrastructure - Institutional Investor
02/06/2024

The hedge fund firm is currently riding the surge in a number of the Magnificent Seven stocks. At the end of the third quarter — the most recent ...

institutionalinvestor.com

Light Street Capital Returned 46% in 2023: Top 15 Picks - Yahoo Finance
01/31/2024

The hedge fund boss, who chose to base his operations in Silicon Valley rather than Wall Street, learned investing from some of the industry's ...

Yahoo Finance

Light Street Capital Returned 46% in 2023: Top 15 Picks
01/31/2024

In this piece, we will take a look at Light Street Capital returned 46% in 2023: top 15 picks. If you wish to skip our detailed overview of Kacher’s history, investment philosophy and hedge fund performance, go directly to Light Street Capital Returned 46% in 2023: Top 5 Picks. Glen Kacher is the founder and […]

Insider Monkey

Light Street Capital Returned 46% in 2023: Top 5 Picks
01/31/2024

In this piece, we will take a look at Light Street Capital returned 46% in 2023: top 5 picks. If you wish to read our detailed overview of Kacher’s history, investment philosophy and hedge fund performance, go directly to Light Street Capital Returned 46% in 2023: Top 15 Picks. 5. Microsoft Corporation (NASDAQ:MSFT) Light Street […]

Insider Monkey

Light Street Plans to Launch Hedge Fund Focused on Tech Hardware
01/24/2024

Glen Kacher's Light Street Capital Management plans to start a new hedge fund focused on technology-hardware companies.

news.bloomberglaw.com


Private Funds Structure

Fund Type Count GAV
Hedge Fund 8 $497,239,134
Private Equity Fund 11 $323,964,288

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Private Funds



Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
67066G104 NVIDIA CORPORATION $71,183,501 16.00% 1.00% 639.00%
874039100 TAIWAN SEMICONDUCTOR MFG LTD $59,408,606 14.00% 30.00% 2.00%
007903107 ADVANCED MICRO DEVICES INC $24,003,187 6.00% -4.00% 7.00%
15101Q207 CELESTICA INC $24,608,100 6.00%
M6191J100 JFROG LTD $22,980,600 5.00% -7.00% 9.00%
30303M102 META PLATFORMS INC $19,916,690 5.00% -10.00% -13.00%
023135106 AMAZON COM INC $22,803,500 5.00% -21.00% -26.00%
090043100 BILL HOLDINGS INC $20,627,040 5.00% 5.00% 37.00%
11135F101 BROADCOM INC $21,793,464 5.00% -2.00% -19.00%
052769106 AUTODESK INC $16,349,764 4.00%

Brochure Summary

Overview

Light Street is a Delaware limited liability company that was formed in 2010. Its Chief Investment Officer, founder, and controlling owner is Glen T. Kacher. Mr. Kacher’s ownership is through family trusts for which he serves as trustee. Light Street is the general partner and/or investment adviser to private investment funds (the “Funds”). It manages hedge funds (the “Hedge Funds”) and long-only funds (the “Long-Only Funds”) that invest principally in equity and equity-related securities that are traded publicly in U.S. and non-U.S. markets, venture funds (the “VC Funds”) that invest globally in private companies in the technology sector, and closed-end funds (the “Closed-End Funds”) each with a single investment that may fit within the investment mandate of the Hedge Funds, Long-Only Funds or VC Funds. Light Street only manages assets on a discretionary basis. As of December 31, 2023, Light Street had total discretionary assets under management of approximately $589,816,329. This number differs from Light Street’s “regulatory assets under management” reported on Form ADV Part 1 because it reflects the net value of the assets under management. “Regulatory assets under management” is a gross assets measurement adopted by the SEC that does not allow for deducting liabilities associated with borrowing securities to effect a short sale and other accrued but unpaid liabilities. Light Street believes that net assets better reflect the amount of assets it actually manages. Fund investors have no opportunity to select or evaluate any Fund investments or strategies. Light Street selects all Fund investments and strategies. Hedge Funds Certain Hedge Funds offer investors Series A, Series B, and Series C Units. The Hedge Funds no longer offer Series D Units, but certain investors continue to hold pre-existing Series D interests.
As of April 1, 2024, Light Street offers a new Hedge Fund product that invests in the applied technology sector, as that term is defined by Light Street (the “Photon Funds”). The Photon Funds offer investors Founders Units and standard Units. Investors in each Hedge Fund may withdraw as provided in each Hedge Fund’s offering documents, in each case on at least 45 days’ prior written notice of any permitted withdrawal date, subject to any early withdrawal fees. Long-Only Funds The Long-Only Funds offer investors Founders, Series A, Series B, and Series D Units. Investors in each Long-Only Fund may withdraw as provided in each Long-Only Fund’s offering documents, in each case on at least 45 days’ prior written notice of any permitted withdrawal date, subject to any applicable exit fees and investor-level gates. VC Funds The VC Funds have a fixed term with the ability to extend the term with the approval of each VC Fund’s general partner and the approval of a majority in interest of the limited partners or the VC Fund’s advisory committee. An investor in a VC Fund generally may not withdraw any of its capital account. Distributions are made at the general partner’s discretion, as provided in the VC Funds’ offering documents. Part 2A of Form ADV - Page 2 Some of the VC Funds are available only to Light Street, its members and employees, and certain friends of Light Street. These VC Funds pay Light Street no compensation. The descriptions above and elsewhere in this brochure refer to the VC Funds available broadly to outside investors. Closed-End Funds Investors in a Closed-End Fund generally may not withdraw any of their capital account. Distributions are made at the general partner’s discretion, as provided in the Closed-End Funds’ offering documents. The Closed-End Funds are closed to new investors.