Light Street Capital Management's long-short fund, led by Glen Kacher, is nearing its best performance in 15 years, having gained 2.53 percent in November and boasting a remarkable 57.14 percent increase for the year with one month remaining.
Several prominent Tiger-related hedge funds made significant moves in the third quarter, establishing new top positions. Discovery Capital Management aggressively invested in Vistra Corp., Constellation Energy, and the iShares Bitcoin Trust ETF, while unloading stakes in Western Digital and Chevron. D1 Capital Partners acquired shares in GE HealthCare and Bank of America, and Viking Global Investors increased its holdings in Visa and Spotify. Long Pine Capital added Salesforce and boosted its stakes in Meta Platforms and Amazon, while Light Street Capital Management invested in GitLab and increased its positions in Advanced Micro Devices and JFrog.
The Tiger Grandcub, led by Glen Kacher, has maintained its status as a top performer, with its long-short fund gaining 5.78% in October, bringing its year-to-date return to 53.26%. Light Street Capital's long-only fund rose 3.84% in October, up 39.85% for the year. The firm remains bullish on AI and semiconductor stocks, with Nvidia and TSMC as major holdings, while also initiating a position in Celestica, which surged 34% in October.
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