In this article, we will take a look at Glen Kacher’s Light Street Portfolio: 10 Best Stocks to Buy.
Founded by Glen Kacher in 2010, Light Street Capital is a technology-focused hedge fund. The fund focuses on identifying long-term structural trends in software, semiconductors, internet platforms, and digital infrastructure and, accordingly, has invested in growth companies across the public and private sectors. According to its latest regulatory filings, the firm oversees approximately $1.1 billion in regulatory assets under management, including its equity portfolio. With its 13F holdings totaling $534.23 million, distributed across a relatively small number of high-conviction positions, the fund’s investment approach offers insights into areas where institutional capital continues to concentrate.
Such insights are useful in the current, shifting investment environment. On June 25, 2026, CNBC reported that the core personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, went up to 3.4% year over year in May. Meanwhile, the Q1 U.S. GDP growth was revised upward to 2.1% from 1.6%. Heather Long, chief economist at Navy Federal Credit Union, cited higher energy prices linked to the Iran conflict and increased household spending on gasoline, healthcare, and utilities. Heather further added that Fed Chair Kevin Warsh has placed importance on restoring price stability. Consumer spending also surpassed expectations during May – an indicator of continued economic resilience despite elevated inflation.
Against this macroeconomic backdrop, identifying high-conviction stocks will help direct capital towards a resilient portfolio. And in this regard, we peeked into the positions of one of the most prominent hedge fund portfolios and brought to you a list of the 10 best stocks to buy from Glen Kacher’s Light Street portfolio.
Glen Kacher of Light Street Capital
Our Methodology
To compile our list of 10 Best Stocks to Buy in Glen Kacher’s Light Street Portfolio, we reviewed the firm’s 13F filing for Q1 2026. We filtered the list using the percentage of portfolio value each stock represents and ranked them accordingly. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. All the pricing data are current as of market close on July 4, 2026.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10. BILL Holdings, Inc. (NYSE:BILL)
Market value of shares owned: $23,937,500
% of portfolio: 4.48%
BILL Holdings, Inc. (NYSE:BILL) is one of the 10 Best Stocks to Buy in Glen Kacher’s Light Street Portfolio.
On June 22, 2026, TD Cowen initiated coverage of BILL Holdings, Inc. (NYSE:BILL) with a Buy rating. The firm has set a price target of $43 on the stock. According to TD Cowen’s research note, the firm views the company as a leading vendor of accounting management solutions, including accounts payable, accounts receivable, and expense management for small businesses. Pointing out that improving fundamentals and execution warrant multiple expansion, the firm expects a steadier upward momentum for the shares. TD Cowen believes these positive factors will overcome muted investor sentiment following a 40% year-to-date decline.
In contrast, earlier this month, on June 10, 2026, Truist downgraded the rating on BILL Holdings, Inc. (NYSE:BILL) from Buy to Hold. The firm held a price target of $35 on the stock, down from $45. Truist believes that an acquisition of BILL Holdings, Inc. (NYSE:BILL) is increasingly unlikely due to AI-driven uncertainty. The analyst notes its positive catalyst path is less clear, with core revenue growth likely to decline to low-teens next year during intensifying competition.
Founded in 2006, BILL Holdings, Inc. (NYSE:BILL) is a leading provider of cloud-based software that automates financial operations for small and midsize businesses (SMEs). Headquartered in California, the company’s platform streamlines accounts payable, accounts receivable, and spend management.
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