Institutional Manager · CIK 0001654344
Spyglass Capital Management LLC
San Francisco, CA · File #028-19348
Latest AUM
$2.00B
Positions
25
Top-10 Concentration
49.8%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | EXACT SCIENCES CORP | 30063P105 | -1,585,549 | -$161.0M | +$99.6M |
| NEW | CARVANA CO | CVNA | +180,668 | +$76.2M | $0 |
| NEW | CREDO TECHNOLOGY GROUP HOLDI | CRDO | +388,860 | +$56.0M | $0 |
| ADD | CADENCE DESIGN SYSTEM INC | CDNS | +155,523 | +$48.6M | -$4.5M |
| REDUCE | MEDPACE HLDGS INC | MEDP | -81,707 | -$45.9M | +$7.2M |
| ADD | COSTAR GROUP INC | CSGP | +575,732 | +$38.7M | -$17.2M |
| REDUCE | APPLOVIN CORP | APP | -55,279 | -$37.2M | -$7.9M |
| ADD | FAIR ISAAC CORP | FICO | +21,866 | +$37.0M | +$5.4M |
| ADD | AFFIRM HLDGS INC | AFRM | +439,757 | +$32.7M | +$1.4M |
| EXITED | SWEETGREEN INC | 87043Q108 | -4,056,570 | -$32.4M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202525 pos · $2.00B
- 13F HOLDINGS REPORTQ/E Sep 202525 pos · $1.88B
- 13F HOLDINGS REPORTQ/E Jun 202525 pos · $1.70B
- 13F HOLDINGS REPORTQ/E Mar 202525 pos · $1.46B
- 13F HOLDINGS REPORTQ/E Dec 202425 pos · $1.78B
- 13F HOLDINGS REPORTQ/E Sep 202425 pos · $1.52B
- 13F HOLDINGS REPORTQ/E Jun 202425 pos · $1.37B
- 13F HOLDINGS REPORTQ/E Mar 202425 pos · $1.50B
- 13F HOLDINGS REPORTQ/E Dec 202325 pos · $1.28B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | MONGODB INC | MDB | 265,263 | $111.3M | 5.57% |
| 2 | AFFIRM HLDGS INC | AFRM | 1,443,580 | $107.4M | 5.38% |
| 3 | SHIFT4 PMTS INC | 82452J109 | 1,697,920 | $106.9M | 5.35% |
| 4 | HUBSPOT INC | HUBS | 264,929 | $106.3M | 5.32% |
| 5 | COSTAR GROUP INC | CSGP | 1,578,449 | $106.1M | 5.31% |
| 6 | GLOBAL E ONLINE LTD | GLBE | 2,683,313 | $105.5M | 5.28% |
| 7 | AAON INC | AAON | 1,198,921 | $91.4M | 4.57% |
| 8 | ASCENDIS PHARMA A/S | ASND | 415,549 | $88.6M | 4.43% |
| 9 | API GROUP CORP | APG | 2,288,558 | $87.6M | 4.38% |
| 10 | CADENCE DESIGN SYSTEM INC | CDNS | 271,492 | $84.9M | 4.25% |
| 11 | FAIR ISAAC CORP | FICO | 49,539 | $83.8M | 4.19% |
| 12 | SAMSARA INC | IOT | 2,346,995 | $83.2M | 4.16% |
| 13 | APPLOVIN CORP | APP | 120,638 | $81.3M | 4.07% |
| 14 | PROCORE TECHNOLOGIES INC | PCOR | 1,081,343 | $78.7M | 3.94% |
| 15 | KINSALE CAP GROUP INC | 49714P108 | 197,186 | $77.1M | 3.86% |
| 16 | CARVANA CO | CVNA | 180,668 | $76.2M | 3.82% |
| 17 | NCINO INC | NCNO | 2,909,880 | $74.6M | 3.73% |
| 18 | SNOWFLAKE INC | SNOW | 328,818 | $72.1M | 3.61% |
| 19 | LOAR HOLDINGS INC | LOAR | 904,131 | $61.5M | 3.08% |
| 20 | DOORDASH INC | DASH | 270,570 | $61.3M | 3.07% |