Spyglass Capital Management LLC
CIK 1654344 · View on SEC EDGAR ↗
- Portfolio value
- $1.8B
- Positions
- 25
- As of
- June 30, 2026
Portfolio value QoQ: +30.8% 13F does not disclose cash
- Top 10 holdings weight
- 51.50%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 25
- Effective number of positions
- 23.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 21.02% Est. buys $489,834,030 · sells $342,539,571
Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 61.0% still held
- New positions
- 4
- Increased
- 14
- Decreased
- 7
- Closed
- 4
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +7.0% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 100.0% · Options excluded: 0.0%
Sector breakdown
Full portfolio 25 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| AFRM Affirm Holdings, Inc. - Class A Common Stock | $125,410,852 | 6.79% | 1,537,840 | $49,243,120 | Down ×1 | ||
| CRDO Credo Technology Group Holding Ltd - Ordinary Shares | $109,188,741 | 5.91% | 401,503 | $53,618,640 | Down ×1 | ||
| IOT Samsara Inc. Class A Common Stock | $100,067,792 | 5.42% | 3,085,655 | $6,688,580 | Up ×3 | ||
| AAON AAON, Inc. - Common Stock | $98,523,155 | 5.33% | 776,629 | $27,454,145 | Down ×2 | ||
| APP Applovin Corporation - Class A Common Stock | $98,423,356 | 5.33% | 191,028 | $32,133,670 | Up ×2 | ||
| FICO Fair Isaac Corporation Common Stock | $89,546,371 | 4.85% | 74,948 | $29,390,492 | Up ×3 | ||
| FOUR Shift4 Payments, Inc. Class A Common Stock | $89,196,178 | 4.83% | 1,833,803 | $12,618,826 | Up ×6 | ||
| SNOW Snowflake Inc. Common Stock | $83,987,800 | 4.55% | 330,011 | $30,858,740 | Down ×1 | ||
| ILMN Illumina, Inc. - Common Stock | $80,665,002 | 4.37% | 458,767 | $40,599,462 | Up ×1 | ||
| CSGP CoStar Group, Inc. - Common Stock | $76,313,819 | 4.13% | 2,694,697 | $31,487,043 | Up ×1 | ||
| MDB MongoDB, Inc. - Class A Common Stock | $74,981,613 | 4.06% | 223,226 | $13,012,213 | Down ×4 | ||
| DASH DoorDash, Inc. - Common Stock | $73,532,253 | 3.98% | 398,484 | $28,761,127 | Up ×3 | ||
| CHYM Chime Financial, Inc. - Class A Common Stock | $69,759,980 | 3.78% | 3,406,249 | $45,463,574 | Up ×1 | ||
| GLBE Global-E Online Ltd. - ordinary shares | $68,014,503 | 3.68% | 1,958,379 | $8,234,329 | Up ×1 | ||
| HUBS HubSpot, Inc. Common Stock | $67,777,826 | 3.67% | 371,365 | $-8,850,534 | Up ×5 | ||
| CVNA Carvana Co. Class A Common Stock | $65,335,038 | 3.54% | 992,632 | $12,710,655 | Up ×1 | ||
| MEDP Medpace Holdings, Inc. - Common Stock | $63,744,100 | 3.45% | 120,365 | $36,971,107 | Up ×1 | ||
| QXO QXO, Inc. Common Stock | $62,961,287 | 3.41% | 3,643,593 | Up ×1 | |||
| CDNS Cadence Design Systems, Inc. - Common Stock | $59,050,972 | 3.20% | 157,335 | $-5,789,159 | Down ×2 | ||
| Unknown issuer (CUSIP: K08588103) | $57,450,955 | 3.11% | 215,398 | Up ×1 | |||
| MKSI MKS Inc. - Common Stock | $52,720,365 | 2.85% | 118,526 | Up ×1 | |||
| LOAR Loar Holdings Inc. Common Stock | $49,305,671 | 2.67% | 611,657 | $15,840,691 | Up ×1 | ||
| APG APi Group Corporation Common Stock | $49,244,919 | 2.67% | 1,162,808 | $-2,260,012 | Down ×2 | ||
| PCOR Procore Technologies, Inc. Common Stock | $42,769,123 | 2.32% | 1,052,908 | $-14,537,024 | Up ×1 | ||
| FPS Forgent Power Solutions, Inc. Class A Common Stock | $39,401,465 | 2.13% | 705,361 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| CRDO | Trimmed | -190K | +$53.6M |
| AFRM | Trimmed | -124K | +$49.2M |
| CHYM | Bought more | +2.1M | +$45.5M |
| ILMN | Bought more | +134K | +$40.6M |
| MEDP | Bought more | +65K | +$37.0M |
| APP | Bought more | +24K | +$32.1M |
| CSGP | Bought more | +1.6M | +$31.5M |
| SNOW | Trimmed | -22K | +$30.9M |
| FICO | Bought more | +19K | +$29.4M |
| DASH | Bought more | +100K | +$28.8M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| HOOD | Sept. 30, 2025 | 916,631 | $85,824,161 | -25.8% |
| ASND | June 30, 2026 | 367,972 | $84,166,236 | -3.3% |
| ALAB | Sept. 30, 2025 | 734,570 | $66,419,819 | 48.0% |
| VEEV | Sept. 30, 2025 | 205,120 | $59,070,458 | -16.8% |
| EXAS | March 31, 2026 | 539,886 | $54,830,822 | No longer tracked |
| CYBR | Sept. 30, 2025 | 129,248 | $52,588,426 | No longer tracked |
| DUOL | March 31, 2026 | 286,873 | $50,346,212 | 47.1% |
| WSC | June 30, 2025 | 1,723,601 | $47,916,108 | -19.1% |
| KNSL | June 30, 2026 | 137,029 | $46,817,328 | 16.3% |
| NCNO | June 30, 2026 | 3,085,237 | $46,216,850 | 23.0% |
| RBLX | June 30, 2026 | 779,991 | $44,116,291 | -28.5% |
| FND | March 31, 2025 | 442,104 | $44,077,769 | -32.0% |
| SPOT | March 31, 2025 | 89,121 | $39,870,953 | -4.1% |
| FICO | June 30, 2025 | 20,782 | $38,325,333 | -36.2% |
| DUOL | March 31, 2025 | 111,173 | $36,045,622 | -53.3% |
| SG | Dec. 31, 2025 | 4,056,570 | $32,371,429 | -1.8% |
| GDDY | June 30, 2025 | 176,722 | $31,834,701 | -46.8% |
| ACVA | Dec. 31, 2025 | 3,113,017 | $30,849,998 | -5.4% |