Spyglass Capital Management LLC

CIK

1654344

Location

San Francisco, CA

Portfolio Value

Mid $1,412,506,073

Diversification

Diversified

Filing Date

Global Rank

#1,453 / 8,623 ▼ 231 · as of Mar 2026

Top Industry

Software - Application 27.1%

3Y Alpha vs SPY

+3.7%

Period ended 4 months ago

Filed May 18, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+84.5%

SPY

+65.3%

Annualised alpha

+4.4%

Max drawdown

−30.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

25 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.6%

+1.0 pts

Top 5

28.8%

+1.9 pts

Top 10

51.8%

+1.9 pts

HHI

436

Diversified+10

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	47.4%	$670,068,894	11
Consumer Cyclical	11.1%	$157,175,681	3
Industrials	11.0%	$156,038,920	3
Healthcare	10.7%	$151,004,767	3
Financial Services	8.7%	$122,985,059	2
Communication Services	7.8%	$110,405,976	2
Real Estate	3.2%	$44,826,776	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
IOT	Samsara Inc.	+599,651	2,946,646	$93,379,211
AFRM	Affirm Holdings, Inc.	+218,745	1,662,325	$76,167,731
CRDO	Credo Technology Group Holding Ltd	+203,130	591,990	$55,570,101
NCNO	nCino, Inc.	+175,357	3,085,237	$46,216,850
FOUR	Shift4 Payments, Inc.	+53,220	1,751,140	$76,577,352
HUBS	Hubspot Inc	+48,993	313,922	$76,628,360
APP	AppLovin Corp	+45,919	166,557	$66,289,686
DASH	DoorDash, Inc.	+27,606	298,176	$44,771,126
SNOW	Snowflake Inc.	+23,450	352,268	$53,129,059
FICO	Fair Isaac Corp	+6,811	56,350	$60,155,879
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
APG	APi Group Corp	−1,017,459	1,271,099	$51,504,931
GLBE	Global-E Online Ltd.	−745,544	1,937,769	$59,780,173
CSGP	Costar Group, Inc.	−467,225	1,111,224	$44,826,776
AAON	Aaon, Inc.	−340,081	858,840	$71,069,010
LOAR	Loar Holdings Inc.	−319,998	584,133	$33,464,979
ILMN	Illumina, Inc.	−76,484	325,049	$40,065,539
PCOR	Procore Technologies, Inc.	−75,972	1,005,371	$57,306,147
KNSL	Kinsale Capital Group, Inc.	−60,157	137,029	$46,817,328
ASND	Ascendis Pharma A/S	−47,577	367,972	$84,166,235
CDNS	Cadence Design Systems Inc	−38,145	233,347	$64,840,130
MEDP	Medpace Holdings, Inc.	−13,420	55,755	$26,772,993
CVNA	Carvana Co.	−13,277	167,391	$52,624,382
MDB	MongoDB, Inc.	−12,089	253,174	$61,969,399
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
RBLX	Roblox Corp	779,991	$44,116,290
CHYM	Chime Financial, Inc.	1,297,192	$24,296,406
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
EXAS	EXACT SCIENCES CORP	539,886	$54,830,822
DUOL	Duolingo, Inc.	286,873	$50,346,211
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

25 tracked positions · $1,412,506,073 total · filing declares 25 positions · $1,412,506,084 · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IOT	Samsara Inc. Technology	Added	2,946,646	+599,651	$93,379,211	+12.2%	6.61%
ASND	Ascendis Pharma A/S Healthcare	Reduced	367,972	-47,577	$84,166,235	−5.0%	5.96%
HUBS	Hubspot Inc Technology	Added	313,922	+48,993	$76,628,360	−27.9%	5.42%
FOUR	Shift4 Payments, Inc. Technology	Added	1,751,140	+53,220	$76,577,352	−28.4%	5.42%
AFRM	Affirm Holdings, Inc. Financial Services	Added	1,662,325	+218,745	$76,167,731	−29.1%	5.39%
AAON	Aaon, Inc. Industrials	Reduced	858,840	-340,081	$71,069,010	−22.3%	5.03%
APP	AppLovin Corp Communication Services	Added	166,557	+45,919	$66,289,686	−18.5%	4.69%
CDNS	Cadence Design Systems Inc Technology	Reduced	233,347	-38,145	$64,840,130	−23.6%	4.59%
MDB	MongoDB, Inc. Technology	Reduced	253,174	-12,089	$61,969,399	−44.3%	4.39%
FICO	Fair Isaac Corp Technology	Added	56,350	+6,811	$60,155,879	−28.2%	4.26%
GLBE	Global-E Online Ltd. Consumer Cyclical	Reduced	1,937,769	-745,544	$59,780,173	−43.3%	4.23%
PCOR	Procore Technologies, Inc. Technology	Reduced	1,005,371	-75,972	$57,306,147	−27.1%	4.06%
CRDO	Credo Technology Group Holding Ltd Technology	Added	591,990	+203,130	$55,570,101	−0.7%	3.93%
SNOW	Snowflake Inc. Technology	Added	352,268	+23,450	$53,129,059	−26.3%	3.76%
CVNA	Carvana Co. Consumer Cyclical	Reduced	167,391	-13,277	$52,624,382	−31.0%	3.73%
APG	APi Group Corp Industrials	Reduced	1,271,099	-1,017,459	$51,504,931	−41.2%	3.65%
KNSL	Kinsale Capital Group, Inc. Financial Services	Reduced	137,029	-60,157	$46,817,328	−39.3%	3.31%
NCNO	nCino, Inc. Technology	Added	3,085,237	+175,357	$46,216,850	−38.1%	3.27%
CSGP	Costar Group, Inc. Real Estate	Reduced	1,111,224	-467,225	$44,826,776	−57.8%	3.17%
DASH	DoorDash, Inc. Consumer Cyclical	Added	298,176	+27,606	$44,771,126	−26.9%	3.17%
RBLX	Roblox Corp Communication Services	NEW	779,991	NEW	$44,116,290	NEW	3.12%
ILMN	Illumina, Inc. Healthcare	Reduced	325,049	-76,484	$40,065,539	−23.9%	2.84%
LOAR	Loar Holdings Inc. Industrials	Reduced	584,133	-319,998	$33,464,979	−45.6%	2.37%
MEDP	Medpace Holdings, Inc. Healthcare	Reduced	55,755	-13,420	$26,772,993	−31.1%	1.90%
CHYM	Chime Financial, Inc. Technology	NEW	1,297,192	NEW	$24,296,406	NEW	1.72%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.