Spyglass Capital Management LLC

Greenbrae, CA · CIK 1654344 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2017 · limited liability company

Assets managed$2.0bn
Staff11 · 5 in investment roles
Main clients (by assets)Mutual funds and ETFs 57%, Private funds 20%, High net worth individuals 16%
Private funds1
Form ADV · 2026-07-16SEC adviser record

Legal entitySPYGLASS CAPITAL MANAGEMENT LLC (US)

Kindprivate equity, mutual funds
Others nearbyGreenbrae, CA

As an employer

Offices in1 country
Private fundsprivate equity 1

$1.8bn reported value +30.8% vs Q1 2026

25positions

51.5%in top 10

4 new 14 added 7 reduced 4 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	AFFIRM HLDGS INC COM CL A AFRM	AFRM	1,537,840	$125.4m6.79%	6.79%	Reduced -124.5k	-124,485 -7.5%
2	CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES CRDO	CRDO	401,503	$109.2m5.91%	5.91%	Reduced -190.5k	-190,487 -32.2%
3	SAMSARA INC COM CL A IOT	IOT	3,085,655	$100.1m5.42%	5.42%	Added +139.0k	+139,009 4.7%
4	AAON INC COM PAR $0.004 AAON	AAON	776,629	$98.5m5.33%	5.33%	Reduced -82.2k	-82,211 -9.6%
5	APPLOVIN CORP COM CL A APP	APP	191,028	$98.4m5.33%	5.33%	Added +24.5k	+24,471 14.7%
6	FAIR ISAAC CORP COM FICO	FICO	74,948	$89.5m4.85%	4.85%	Added +18.6k	+18,598 33.0%
7	SHIFT4 PMTS INC CL A FOUR	FOUR	1,833,803	$89.2m4.83%	4.83%	Added +82.7k	+82,663 4.7%
8	SNOWFLAKE INC CL A SNOW	SNOW	330,011	$84.0m4.55%	4.55%	Reduced -22.3k	-22,257 -6.3%
9	ILLUMINA INC COM ILMN	ILMN	458,767	$80.7m4.37%	4.37%	Added +133.7k	+133,718 41.1%
10	COSTAR GROUP INC COM CSGP	CSGP	2,694,697	$76.3m4.13%	4.13%	Added +1.6m	+1,583,473 142.5%
11	MONGODB INC CL A MDB	MDB	223,226	$75.0m4.06%	4.06%	Reduced -29.9k	-29,948 -11.8%
12	DOORDASH INC CL A DASH	DASH	398,484	$73.5m3.98%	3.98%	Added +100.3k	+100,308 33.6%
13	CHIME FINL INC COM SHS CL A CHYM	CHYM	3,406,249	$69.8m3.78%	3.78%	Added +2.1m	+2,109,057 162.6%
14	GLOBAL E ONLINE LTD SHS GLBE	GLBE	1,958,379	$68.0m3.68%	3.68%	Added +20.6k	+20,610 1.1%
15	HUBSPOT INC COM HUBS	HUBS	371,365	$67.8m3.67%	3.67%	Added +57.4k	+57,443 18.3%
16	CARVANA CO CL A CVNA	CVNA	992,632	$65.3m3.54%	3.54%	Added +155.7k	+155,677 18.6%
17	MEDPACE HLDGS INC COM MEDP	MEDP	120,365	$63.7m3.45%	3.45%	Added +64.6k	+64,610 115.9%
18	QXO INC COM NEW QXO	QXO	3,643,593	$63.0m3.41%	3.41%	New
19	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	157,335	$59.1m3.20%	3.20%	Reduced -76.0k	-76,012 -32.6%
20	ASCENDIS PHARMA A/S ORD SHS ASND	ASND	215,398	$57.5m3.11%	3.11%	New
21	MKS INC. COM MKSI	MKSI	118,526	$52.7m2.85%	2.85%	New
22	LOAR HOLDINGS INC COM SHS LOAR	LOAR	611,657	$49.3m2.67%	2.67%	Added +27.5k	+27,524 4.7%
23	API GROUP CORP COM STK APG	APG	1,162,808	$49.2m2.67%	2.67%	Reduced -108.3k	-108,291 -8.5%
24	PROCORE TECHNOLOGIES INC COM PCOR	PCOR	1,052,908	$42.8m2.32%	2.32%	Added +47.5k	+47,537 4.7%
25	FORGENT POWER SOLUTIONS INC COM SHS CL A FPS	FPS	705,361	$39.4m2.13%	2.13%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ASCENDIS PHARMA A/S		367,972	$84.2m368.0k shares
KINSALE CAP GROUP INC KNSL	KNSL	137,029	$46.8m137.0k shares
NCINO INC NCNO	NCNO	3,085,237	$46.2m3.1m shares
ROBLOX CORP RBLX	RBLX	779,991	$44.1m780.0k shares