Spyglass Capital Management
Greenbrae, CAfiles as Spyglass Capital Management LLC
$1.8bn in 25 US stocks at the end of 30 June 2026. The top 10 are 51.5% of the money. It changed about 24.4% of the portfolio this quarter.
Value
$1.8bn
Stocks
25
Top 10 share
51.5%
Turnover
24.4%
What changed this quarter
New
Bought for the first time this quarter.
- QXOQXO3.4% of the fund
- Ascendis Pharma A/SASND3.1% of the fund
- MKSMKSI2.9% of the fund
- Forgent Power SolutionsFPS2.1% of the fund
Added
Bought more of a stock they already held.
- SamsaraIOT5.4% of the fund+5%
- AppLovinAPP5.3% of the fund+15%
- Fair IsaacFICO4.8% of the fund+33%
- Shift4 PaymentsFOUR4.8% of the fund+5%
- IlluminaILMN4.4% of the fund+41%
- Costar GroupCSGP4.1% of the fund+143%
- DoorDashDASH4.0% of the fund+34%
- Chime FinancialCHYM3.8% of the fund+163%
- HubspotHUBS3.7% of the fund+18%
- CarvanaCVNA3.5% of the fund+19%
- Medpace HoldingsMEDP3.5% of the fund+116%
- Loar HoldingsLOAR2.7% of the fund+5%
- Procore TechnologiesPCOR2.3% of the fund+5%
Cut
Sold some of their stake.
- Affirm HoldingsAFRM6.8% of the fund-7%
- Credo Technology Group HoldingCRDO5.9% of the fund-32%
- AaonAAON5.3% of the fund-10%
- SnowflakeSNOW4.5% of the fund-6%
- MongoDBMDB4.1% of the fund-12%
- Cadence Design SystemsCDNS3.2% of the fund-33%
- APi GroupAPG2.7% of the fund-9%
Sold out
Sold their entire stake.
- Ascendis Pharma A/SASND-100%
- Kinsale Capital GroupKNSL-100%
- nCinoNCNO-100%
- RobloxRBLX-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Affirm HoldingsAFRM | 6.8% | $125m | 1,537,840 | -7% |
| Credo Technology Group HoldingCRDO | 5.9% | $109m | 401,503 | -32% |
| SamsaraIOT | 5.4% | $100m | 3,085,655 | +5% |
| AaonAAON | 5.3% | $99m | 776,629 | -10% |
| AppLovinAPP | 5.3% | $98m | 191,028 | +15% |
| Fair IsaacFICO | 4.8% | $90m | 74,948 | +33% |
| Shift4 PaymentsFOUR | 4.8% | $89m | 1,833,803 | +5% |
| SnowflakeSNOW | 4.5% | $84m | 330,011 | -6% |
| IlluminaILMN | 4.4% | $81m | 458,767 | +41% |
| Costar GroupCSGP | 4.1% | $76m | 2,694,697 | +143% |
| MongoDBMDB | 4.1% | $75m | 223,226 | -12% |
| DoorDashDASH | 4.0% | $74m | 398,484 | +34% |
| Chime FinancialCHYM | 3.8% | $70m | 3,406,249 | +163% |
| Global-E OnlineGLBE | 3.7% | $68m | 1,958,379 | Held |
| HubspotHUBS | 3.7% | $68m | 371,365 | +18% |
| CarvanaCVNA | 3.5% | $65m | 992,632 | +19% |
| Medpace HoldingsMEDP | 3.5% | $64m | 120,365 | +116% |
| QXOQXO | 3.4% | $63m | 3,643,593 | New |
| Cadence Design SystemsCDNS | 3.2% | $59m | 157,335 | -33% |
| Ascendis Pharma A/SASND | 3.1% | $57m | 215,398 | New |
| MKSMKSI | 2.9% | $53m | 118,526 | New |
| Loar HoldingsLOAR | 2.7% | $49m | 611,657 | +5% |
| APi GroupAPG | 2.7% | $49m | 1,162,808 | -9% |
| Procore TechnologiesPCOR | 2.3% | $43m | 1,052,908 | +5% |
| Forgent Power SolutionsFPS | 2.1% | $39m | 705,361 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 9.0% since 30 June 2025.
Where the money is
Technology42.6%
Financial services15.4%
Industrials14.1%
Health care10.9%
Retail & consumer7.5%
Media & telecom5.3%
Real estate4.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.