Another Big Portfolio Shakeup for Light Street

For the second straight quarter, the Tiger Grandcub led by Glen Kacher made a slew of major new additions and exits.

Glen Kacher (Victor J. Blue/Bloomberg)

Glen Kacher

(Victor J. Blue/Bloomberg)

For the second straight quarter, Light Street Capital Management made substantial changes to its top holdings, as the Tiger Grandcub desperately tries to reverse last year’s devastating loss.

In the first quarter, the tech-focused hedge fund firm headed by Glen Kacher established five new common stock longs — including several one-time high-fliers that have since been beaten down — all of which now rank among its top nine holdings.

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