Light Street Caps Big Year After Dialing Back Chip Bets

Glen Kacher’s tech-focused hedge fund surged nearly 38 percent in 2025, even as it trimmed semiconductor exposure heading into the fourth quarter.

Stephen Taub January 6, 2026

Light Street Capital Management closed out 2025 on a high note, even after paring back its semiconductor bets heading into the fourth quarter. The tech-focused hedge fund firm, led by Tiger Cub Glen Kacher, posted a 5.85 percent gain in its flagship long-short fund in

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