Spyglass Capital Management LLC Long-Term Concentrated

CIK: 0001654344 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 13, 2025

Total Value ($000): $1,695,539 (100.0% shares, 0.0% debt)

Holdings (25)

AFRM AFFIRM HLDGS INC 7.1%

Value ($000) $120,323 Shares 1,740,283 Est. Cost $47.29 Unrealized +9.7%

SNOW SNOWFLAKE INC 6.6%

Value ($000) $111,943 Shares 500,260 Est. Cost $160.89 Unrealized +12.4%

FOUR SHIFT4 PMTS INC 6.0%

Value ($000) $101,883 Shares 1,027,983 Est. Cost $71.29 Unrealized +22.3%

APP APPLOVIN CORP 5.3%

Value ($000) $89,336 Shares 255,187 Est. Cost $66.80 Unrealized +385.4%

APG API GROUP CORP 5.1%

Value ($000) $85,924 Shares 2,524,696 Est. Cost $21.26 Unrealized +34.7%

HOOD ROBINHOOD MKTS INC 5.1%

Value ($000) $85,824 Shares 916,631 Est. Cost $47.54 Unrealized +24.5%

MDB MONGODB INC 4.3%

Value ($000) $72,473 Shares 345,127 Est. Cost $268.78 Unrealized -31.2%

EXAS EXACT SCIENCES CORP 4.3%

Value ($000) $72,199 Shares 1,358,663 Est. Cost $73.31 Unrealized -30.7%

KNSL KINSALE CAP GROUP INC 4.2%

Value ($000) $70,462 Shares 145,612 Est. Cost $428.13 Unrealized +8.8%

MEDP MEDPACE HLDGS INC 4.2%

Value ($000) $70,452 Shares 224,471 Est. Cost $291.42 Unrealized +3.0%

ILMN ILLUMINA INC 3.9%

Value ($000) $66,650 Shares 698,565 Est. Cost $129.13 Unrealized -37.2%

ALAB ASTERA LABS INC 3.9%

Value ($000) $66,420 Shares 734,570 Est. Cost $69.65 Unrealized +13.4%

CSGP COSTAR GROUP INC 3.8%

Value ($000) $64,584 Shares 803,282 Est. Cost $79.15 Unrealized -1.6%

PCOR PROCORE TECHNOLOGIES INC 3.6%

Value ($000) $61,448 Shares 898,098 Est. Cost $66.90 Unrealized -2.4%

VEEV VEEVA SYS INC 3.5%

Value ($000) $59,070 Shares 205,120 Est. Cost $214.99 Unrealized +15.4%

DASH DOORDASH INC 3.4%

Value ($000) $58,080 Shares 235,611 Est. Cost $90.19 Unrealized +122.4%

SG SWEETGREEN INC 3.4%

Value ($000) $58,029 Shares 3,899,813 Est. Cost $18.37 Unrealized -10.3%

GLBE GLOBAL E ONLINE LTD 3.3%

Value ($000) $55,616 Shares 1,658,211 Est. Cost $32.29 Unrealized +4.5%

— CYBERARK SOFTWARE LTD 3.1%

Value ($000) $52,588 Shares 129,248 Est. Cost $336.16 Unrealized —

AAON AAON INC 3.1%

Value ($000) $52,536 Shares 712,356 Est. Cost $100.71 Unrealized -13.2%

ACVA ACV AUCTIONS INC 3.0%

Value ($000) $51,209 Shares 3,157,130 Est. Cost $18.35 Unrealized -15.2%

HUBS HUBSPOT INC 3.0%

Value ($000) $51,088 Shares 91,780 Est. Cost $501.19 Unrealized +16.9%

NCNO NCINO INC 2.6%

Value ($000) $44,190 Shares 1,579,924 Est. Cost $24.98 Unrealized 0.0%

CDNS CADENCE DESIGN SYSTEM INC 2.3%

Value ($000) $39,608 Shares 128,535 Est. Cost $290.76 Unrealized 0.0%

DUOL DUOLINGO INC 2.0%

Value ($000) $33,601 Shares 81,949 Est. Cost $438.78 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AFRM	AFFIRM HLDGS INC	1,740,283	$120,323	7.1%	$47.29	+9.7%	COM CL A	00827B106
SNOW	SNOWFLAKE INC	500,260	$111,943	6.6%	$160.89	+12.4%	CL A	833445109
FOUR	SHIFT4 PMTS INC	1,027,983	$101,883	6.0%	$71.29	+22.3%	CL A	82452J109
APP	APPLOVIN CORP	255,187	$89,336	5.3%	$66.80	+385.4%	COM CL A	03831W108
APG	API GROUP CORP	2,524,696	$85,924	5.1%	$21.26	+34.7%	COM STK	00187Y100
HOOD	ROBINHOOD MKTS INC	916,631	$85,824	5.1%	$47.54	+24.5%	COM CL A	770700102
MDB	MONGODB INC	345,127	$72,473	4.3%	$268.78	-31.2%	CL A	60937P106
EXAS	EXACT SCIENCES CORP	1,358,663	$72,199	4.3%	$73.31	-30.7%	COM	30063P105
KNSL	KINSALE CAP GROUP INC	145,612	$70,462	4.2%	$428.13	+8.8%	COM	49714P108
MEDP	MEDPACE HLDGS INC	224,471	$70,452	4.2%	$291.42	+3.0%	COM	58506Q109
ILMN	ILLUMINA INC	698,565	$66,650	3.9%	$129.13	-37.2%	COM	452327109
ALAB	ASTERA LABS INC	734,570	$66,420	3.9%	$69.65	+13.4%	COM	04626A103
CSGP	COSTAR GROUP INC	803,282	$64,584	3.8%	$79.15	-1.6%	COM	22160N109
PCOR	PROCORE TECHNOLOGIES INC	898,098	$61,448	3.6%	$66.90	-2.4%	COM	74275K108
VEEV	VEEVA SYS INC	205,120	$59,070	3.5%	$214.99	+15.4%	CL A COM	922475108
DASH	DOORDASH INC	235,611	$58,080	3.4%	$90.19	+122.4%	CL A	25809K105
SG	SWEETGREEN INC	3,899,813	$58,029	3.4%	$18.37	-10.3%	COM CL A	87043Q108
GLBE	GLOBAL E ONLINE LTD	1,658,211	$55,616	3.3%	$32.29	+4.5%	SHS	M5216V106
—	CYBERARK SOFTWARE LTD	129,248	$52,588	3.1%	$336.16	—	SHS	M2682V108
AAON	AAON INC	712,356	$52,536	3.1%	$100.71	-13.2%	COM PAR $0.004	000360206
ACVA	ACV AUCTIONS INC	3,157,130	$51,209	3.0%	$18.35	-15.2%	COM CL A	00091G104
HUBS	HUBSPOT INC	91,780	$51,088	3.0%	$501.19	+16.9%	COM	443573100
NCNO	NCINO INC	1,579,924	$44,190	2.6%	$24.98	0.0%	COM	63947X101
CDNS	CADENCE DESIGN SYSTEM INC	128,535	$39,608	2.3%	$290.76	0.0%	COM	127387108
DUOL	DUOLINGO INC	81,949	$33,601	2.0%	$438.78	0.0%	CL A COM	26603R106