Spyglass Capital Management LLC

CIK

1654344

Location

San Francisco, CA

Portfolio Value

Mid $1,412,506,073

Diversification

Diversified

Filing Date

Global Rank

#1,213 / 8,232 ▼ 139

Top Industry

Software - Application 27.1%

3Y Alpha vs SPY

-0.7%

Period ended 2 months ago

Filed May 18, 2026 · 27d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+73.2%

SPY

+76.3%

Annualised alpha

-0.7%

Max drawdown

−30.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

25 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 positions · $1,412,506,073 total · 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%