Spyglass Capital Management LLC Long-Term Concentrated

Location: San Francisco, CA

CIK: 0001654344 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value: $1.457B (100.0% shares, 0.0% debt)

Holdings (25)

AFRM AFFIRM HLDGS INC 5.9%

Value $85.97M Shares 1,902,425 Share Price $45.19 * Est. Cost/Share $47.29 Unrealized @ Report Date +25.3%

SG SWEETGREEN INC 5.8%

Value $84.72M Shares 3,386,170 Share Price $25.02 * Est. Cost/Share $18.65 Unrealized @ Report Date +48.0%

FOUR SHIFT4 PMTS INC 5.6%

Value $81.9M Shares 1,002,330 Share Price $81.71 * Est. Cost/Share $70.88 Unrealized @ Report Date +45.4%

SNOW SNOWFLAKE INC 5.6%

Value $81.52M Shares 557,726 Share Price $146.16 * Est. Cost/Share $160.89 Unrealized @ Report Date +5.5%

APP APPLOVIN CORP 5.5%

Value $80.08M Shares 302,224 Share Price $264.97 * Est. Cost/Share $66.80 Unrealized @ Report Date +415.9%

MEDP MEDPACE HLDGS INC 5.1%

Value $73.78M Shares 242,146 Share Price $304.69 * Est. Cost/Share $291.42 Unrealized @ Report Date +15.4%

KNSL KINSALE CAP GROUP INC 5.1%

Value $73.7M Shares 151,421 Share Price $486.71 * Est. Cost/Share $428.13 Unrealized @ Report Date +4.7%

APG API GROUP CORP 4.9%

Value $71.55M Shares 2,000,741 Share Price $35.76 * Est. Cost/Share $19.32 Unrealized @ Report Date +29.6%

EXAS EXACT SCIENCES CORP 4.7%

Value $68.25M Shares 1,576,634 Share Price $43.29 * Est. Cost/Share $73.31 Unrealized @ Report Date -30.9%

PCOR PROCORE TECHNOLOGIES INC 4.2%

Value $61.66M Shares 933,887 Share Price $66.02 * Est. Cost/Share $66.90 Unrealized @ Report Date +12.8%

HOOD ROBINHOOD MKTS INC 3.8%

Value $55.01M Shares 1,321,608 Share Price $41.62 * Est. Cost/Share $47.54 Unrealized @ Report Date 0.0%

ALAB ASTERA LABS INC 3.7%

Value $54.18M Shares 907,949 Share Price $59.67 * Est. Cost/Share $69.65 Unrealized @ Report Date +32.8%

VEEV VEEVA SYS INC 3.6%

Value $52.65M Shares 227,297 Share Price $231.63 Est. Cost/Share $214.99 Unrealized @ Report Date +6.3%

HUBS HUBSPOT INC 3.6%

Value $52.07M Shares 91,150 Share Price $571.29 * Est. Cost/Share $501.19 Unrealized @ Report Date +40.0%

GLBE GLOBAL E ONLINE LTD 3.5%

Value $51.25M Shares 1,437,501 Share Price $35.65 * Est. Cost/Share $32.06 Unrealized @ Report Date +53.2%

AAON AAON INC 3.3%

Value $48.51M Shares 620,895 Share Price $78.13 * Est. Cost/Share $102.68 Unrealized @ Report Date 0.0%

WSC WILLSCOT HLDGS CORP 3.3%

Value $47.92M Shares 1,723,601 Share Price $27.80 * Est. Cost/Share $41.99 Unrealized @ Report Date -19.0%

MDB MONGODB INC 3.2%

Value $47.29M Shares 269,595 Share Price $175.40 * Est. Cost/Share $292.29 Unrealized @ Report Date -16.6%

DASH DOORDASH INC 3.1%

Value $44.8M Shares 245,112 Share Price $182.77 * Est. Cost/Share $90.19 Unrealized @ Report Date +108.5%

ILMN ILLUMINA INC 3.0%

Value $44.36M Shares 559,057 Share Price $79.34 * Est. Cost/Share $141.10 Unrealized @ Report Date -23.3%

ACVA ACV AUCTIONS INC 3.0%

Value $43.93M Shares 3,117,628 Share Price $14.09 * Est. Cost/Share $18.38 Unrealized @ Report Date +0.1%

— CYBERARK SOFTWARE LTD 2.9%

Value $42.08M Shares 124,511 Share Price $338.00 Est. Cost/Share $333.47 Unrealized @ Report Date —

CSGP COSTAR GROUP INC 2.7%

Value $39.29M Shares 495,858 Share Price $79.23 * Est. Cost/Share $79.92 Unrealized @ Report Date -4.8%

FICO FAIR ISAAC CORP 2.6%

Value $38.33M Shares 20,782 Share Price $1844.16 Est. Cost/Share $1851.88 Unrealized @ Report Date 0.0%

GDDY GODADDY INC 2.2%

Value $31.83M Shares 176,722 Share Price $180.14 * Est. Cost/Share $74.24 Unrealized @ Report Date +157.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AFRM	AFFIRM HLDGS INC	1,902,425	$85.97M	5.9%	$45.19 *	$47.29	+25.3%	COM CL A	00827B106
SG	SWEETGREEN INC	3,386,170	$84.72M	5.8%	$25.02 *	$18.65	+48.0%	COM CL A	87043Q108
FOUR	SHIFT4 PMTS INC	1,002,330	$81.9M	5.6%	$81.71 *	$70.88	+45.4%	CL A	82452J109
SNOW	SNOWFLAKE INC	557,726	$81.52M	5.6%	$146.16 *	$160.89	+5.5%	CL A	833445109
APP	APPLOVIN CORP	302,224	$80.08M	5.5%	$264.97 *	$66.80	+415.9%	COM CL A	03831W108
MEDP	MEDPACE HLDGS INC	242,146	$73.78M	5.1%	$304.69 *	$291.42	+15.4%	COM	58506Q109
KNSL	KINSALE CAP GROUP INC	151,421	$73.7M	5.1%	$486.71 *	$428.13	+4.7%	COM	49714P108
APG	API GROUP CORP	2,000,741	$71.55M	4.9%	$35.76 *	$19.32	+29.6%	COM STK	00187Y100
EXAS	EXACT SCIENCES CORP	1,576,634	$68.25M	4.7%	$43.29 *	$73.31	-30.9%	COM	30063P105
PCOR	PROCORE TECHNOLOGIES INC	933,887	$61.66M	4.2%	$66.02 *	$66.90	+12.8%	COM	74275K108
HOOD	ROBINHOOD MKTS INC	1,321,608	$55.01M	3.8%	$41.62 *	$47.54	0.0%	COM CL A	770700102
ALAB	ASTERA LABS INC	907,949	$54.18M	3.7%	$59.67 *	$69.65	+32.8%	COM	04626A103
VEEV	VEEVA SYS INC	227,297	$52.65M	3.6%	$231.63	$214.99	+6.3%	CL A COM	922475108
HUBS	HUBSPOT INC	91,150	$52.07M	3.6%	$571.29 *	$501.19	+40.0%	COM	443573100
GLBE	GLOBAL E ONLINE LTD	1,437,501	$51.25M	3.5%	$35.65 *	$32.06	+53.2%	SHS	M5216V106
AAON	AAON INC	620,895	$48.51M	3.3%	$78.13 *	$102.68	0.0%	COM PAR $0.004	000360206
WSC	WILLSCOT HLDGS CORP	1,723,601	$47.92M	3.3%	$27.80 *	$41.99	-19.0%	COM CL A	971378104
MDB	MONGODB INC	269,595	$47.29M	3.2%	$175.40 *	$292.29	-16.6%	CL A	60937P106
DASH	DOORDASH INC	245,112	$44.8M	3.1%	$182.77 *	$90.19	+108.5%	CL A	25809K105
ILMN	ILLUMINA INC	559,057	$44.36M	3.0%	$79.34 *	$141.10	-23.3%	COM	452327109
ACVA	ACV AUCTIONS INC	3,117,628	$43.93M	3.0%	$14.09 *	$18.38	+0.1%	COM CL A	00091G104
—	CYBERARK SOFTWARE LTD	124,511	$42.08M	2.9%	$338.00	$333.47	—	SHS	M2682V108
CSGP	COSTAR GROUP INC	495,858	$39.29M	2.7%	$79.23 *	$79.92	-4.8%	COM	22160N109
FICO	FAIR ISAAC CORP	20,782	$38.33M	2.6%	$1844.16	$1851.88	0.0%	COM	303250104
GDDY	GODADDY INC	176,722	$31.83M	2.2%	$180.14 *	$74.24	+157.4%	CL A	380237107