Q2 value · Glen Kacher / Light Street
Light Street rotated out of NVDA/AMD/AMZN, added MELI/Snowflake/MongoDB and Astera Labs in Q2
Total value
$902.8M
Q2 2026
Changes
30
8 NEW · 11 ADD · 7 TRIM · 4 DROP
Top-5 concentration
44.5%
TSM 17.7%
Glen Kacher's Light Street Capital ran a compact Q2 2026 book ($903M, 27 names — one of the smallest in the coverage universe, top holding TSM at 17.7%): 8 new positions include MercadoLibre, Snowflake, MongoDB, Everspin, Astera Labs, Toast and Reddit. Existing positions GitLab (+66.2%), Broadcom (+2.3%), Amkor (+46.6%), Chime (+5.8%), Coupang (+92.5%), Bloom Energy (+66.3%) and Cellebrite (+104.8%) were added. Trims: TSM -0.5% (still #1), AMD -50.1%, NVIDIA -49.8%, Amazon -59.1%, JFrog -10.5% and MKS Instruments -15.1%. 4 small exits (Samsara, BILL, Lumentum, Amplitude, ~$40M).
New positions
8| Ticker | Company | | Value | Shares | % of book |
|---|
| ALAB | Astera Labs | | $60.7M | 125.8K shares | 6.7% |
| TOST | Toast Inc | | $32.5M | 1.2M shares | 3.6% |
| RDDT | Reddit | | $31.7M | 182.5K shares | 3.5% |
| MELI | MercadoLibre | | $21.6M | 12.8K shares | 2.4% |
| SNOW | Snowflake | | $17.8M | 70K shares | 2.0% |
| MDB |