Light Street’s Turnaround Strategy

The Tiger Cub aggressively turned over its top holdings during the second quarter.

Light Street boosted its stake in Peloton by nearly 50 percent. (Adam Glanzman/Bloomberg)

Light Street boosted its stake in Peloton by nearly 50 percent.

(Adam Glanzman/Bloomberg)

Light Street Capital heavily shook up its portfolio in the second quarter.

Many of its largest U.S. long bets were positions that were newly established during the three-month period ending with June.

Two other stocks moved into the top-10 after the Tiger Cub doubled and tripled its stakes.

The

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related