Spyglass Capital Management LLC Long-Term Concentrated

Location: San Francisco, CA

CIK: 0001654344 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $1.875B (100.0% shares, 0.0% debt)

Holdings (25)

APP APPLOVIN CORP 6.7%

Value $126M Shares 175,917 Share Price $718.54 * Est. Cost/Share $66.80 Unrealized @ Report Date +590.4%

EXAS EXACT SCIENCES CORP 6.2%

Value $116M Shares 2,125,435 Share Price $54.71 * Est. Cost/Share $64.89 Unrealized @ Report Date -23.0%

MDB MONGODB INC 5.6%

Value $105M Shares 339,723 Share Price $310.38 * Est. Cost/Share $268.78 Unrealized @ Report Date -4.4%

HUBS HUBSPOT INC 5.6%

Value $105M Shares 225,229 Share Price $467.80 * Est. Cost/Share $502.31 Unrealized @ Report Date +0.2%

AAON AAON INC 5.3%

Value $99.87M Shares 1,068,859 Share Price $93.44 * Est. Cost/Share $94.39 Unrealized @ Report Date -13.4%

GLBE GLOBAL E ONLINE LTD 5.2%

Value $96.67M Shares 2,703,171 Share Price $35.76 * Est. Cost/Share $33.00 Unrealized @ Report Date +3.4%

FOUR SHIFT4 PMTS INC 5.1%

Value $96.15M Shares 1,242,213 Share Price $77.40 * Est. Cost/Share $75.03 Unrealized @ Report Date +23.9%

DUOL DUOLINGO INC 4.6%

Value $86.49M Shares 268,726 Share Price $321.84 * Est. Cost/Share $366.26 Unrealized @ Report Date -8.7%

CSGP COSTAR GROUP INC 4.5%

Value $84.6M Shares 1,002,717 Share Price $84.37 * Est. Cost/Share $80.98 Unrealized @ Report Date +9.1%

SNOW SNOWFLAKE INC 4.5%

Value $84.47M Shares 374,509 Share Price $225.55 * Est. Cost/Share $160.89 Unrealized @ Report Date +33.5%

IOT SAMSARA INC 4.4%

Value $81.96M Shares 2,200,165 Share Price $37.25 Est. Cost/Share $37.14 Unrealized @ Report Date 0.0%

APG API GROUP CORP 4.1%

Value $77.73M Shares 2,261,685 Share Price $34.37 Est. Cost/Share $21.26 Unrealized @ Report Date +64.2%

MEDP MEDPACE HLDGS INC 4.1%

Value $77.58M Shares 150,882 Share Price $514.16 * Est. Cost/Share $291.42 Unrealized @ Report Date +49.8%

ASND ASCENDIS PHARMA A/S 4.1%

Value $77.27M Shares 388,647 Share Price $198.81 Est. Cost/Share $198.81 Unrealized @ Report Date —

AFRM AFFIRM HLDGS INC 3.9%

Value $73.36M Shares 1,003,823 Share Price $73.08 * Est. Cost/Share $47.29 Unrealized @ Report Date +60.9%

PCOR PROCORE TECHNOLOGIES INC 3.7%

Value $68.83M Shares 943,888 Share Price $72.92 * Est. Cost/Share $67.05 Unrealized @ Report Date +4.1%

LOAR LOAR HOLDINGS INC 3.6%

Value $67.93M Shares 849,069 Share Price $80.00 * Est. Cost/Share $75.20 Unrealized @ Report Date 0.0%

KNSL KINSALE CAP GROUP INC 3.3%

Value $60.98M Shares 143,385 Share Price $425.26 * Est. Cost/Share $428.13 Unrealized @ Report Date +5.8%

NCNO NCINO INC 3.1%

Value $58.26M Shares 2,149,090 Share Price $27.11 * Est. Cost/Share $26.10 Unrealized @ Report Date +11.9%

DASH DOORDASH INC 2.3%

Value $43.98M Shares 161,702 Share Price $271.99 * Est. Cost/Share $90.19 Unrealized @ Report Date +178.1%

FICO FAIR ISAAC CORP 2.2%

Value $41.41M Shares 27,673 Share Price $1496.53 Est. Cost/Share $1503.82 Unrealized @ Report Date 0.0%

CDNS CADENCE DESIGN SYSTEM INC 2.2%

Value $40.74M Shares 115,969 Share Price $351.26 * Est. Cost/Share $290.76 Unrealized @ Report Date +18.3%

ILMN ILLUMINA INC 2.1%

Value $40.09M Shares 422,150 Share Price $94.97 * Est. Cost/Share $129.13 Unrealized @ Report Date -23.2%

SG SWEETGREEN INC 1.7%

Value $32.37M Shares 4,056,570 Share Price $7.98 * Est. Cost/Share $18.08 Unrealized @ Report Date -39.9%

ACVA ACV AUCTIONS INC 1.6%

Value $30.85M Shares 3,113,017 Share Price $9.91 * Est. Cost/Share $18.35 Unrealized @ Report Date -30.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
APP	APPLOVIN CORP	175,917	$126M	6.7%	$718.54 *	$66.80	+590.4%	COM CL A	03831W108
EXAS	EXACT SCIENCES CORP	2,125,435	$116M	6.2%	$54.71 *	$64.89	-23.0%	COM	30063P105
MDB	MONGODB INC	339,723	$105M	5.6%	$310.38 *	$268.78	-4.4%	CL A	60937P106
HUBS	HUBSPOT INC	225,229	$105M	5.6%	$467.80 *	$502.31	+0.2%	COM	443573100
AAON	AAON INC	1,068,859	$99.87M	5.3%	$93.44 *	$94.39	-13.4%	COM PAR $0.004	000360206
GLBE	GLOBAL E ONLINE LTD	2,703,171	$96.67M	5.2%	$35.76 *	$33.00	+3.4%	SHS	M5216V106
FOUR	SHIFT4 PMTS INC	1,242,213	$96.15M	5.1%	$77.40 *	$75.03	+23.9%	CL A	82452J109
DUOL	DUOLINGO INC	268,726	$86.49M	4.6%	$321.84 *	$366.26	-8.7%	CL A COM	26603R106
CSGP	COSTAR GROUP INC	1,002,717	$84.6M	4.5%	$84.37 *	$80.98	+9.1%	COM	22160N109
SNOW	SNOWFLAKE INC	374,509	$84.47M	4.5%	$225.55 *	$160.89	+33.5%	COM SHS	833445109
IOT	SAMSARA INC	2,200,165	$81.96M	4.4%	$37.25	$37.14	0.0%	COM CL A	79589L106
APG	API GROUP CORP	2,261,685	$77.73M	4.1%	$34.37	$21.26	+64.2%	COM STK	00187Y100
MEDP	MEDPACE HLDGS INC	150,882	$77.58M	4.1%	$514.16 *	$291.42	+49.8%	COM	58506Q109
ASND	ASCENDIS PHARMA A/S	388,647	$77.27M	4.1%	$198.81	$198.81	—	SPONSORED ADR	04351P101
AFRM	AFFIRM HLDGS INC	1,003,823	$73.36M	3.9%	$73.08 *	$47.29	+60.9%	COM CL A	00827B106
PCOR	PROCORE TECHNOLOGIES INC	943,888	$68.83M	3.7%	$72.92 *	$67.05	+4.1%	COM	74275K108
LOAR	LOAR HOLDINGS INC	849,069	$67.93M	3.6%	$80.00 *	$75.20	0.0%	COM SHS	53947R105
KNSL	KINSALE CAP GROUP INC	143,385	$60.98M	3.3%	$425.26 *	$428.13	+5.8%	COM	49714P108
NCNO	NCINO INC	2,149,090	$58.26M	3.1%	$27.11 *	$26.10	+11.9%	COM	63947X101
DASH	DOORDASH INC	161,702	$43.98M	2.3%	$271.99 *	$90.19	+178.1%	CL A	25809K105
FICO	FAIR ISAAC CORP	27,673	$41.41M	2.2%	$1496.53	$1503.82	0.0%	COM	303250104
CDNS	CADENCE DESIGN SYSTEM INC	115,969	$40.74M	2.2%	$351.26 *	$290.76	+18.3%	COM	127387108
ILMN	ILLUMINA INC	422,150	$40.09M	2.1%	$94.97 *	$129.13	-23.2%	COM	452327109
SG	SWEETGREEN INC	4,056,570	$32.37M	1.7%	$7.98 *	$18.08	-39.9%	COM CL A	87043Q108
ACVA	ACV AUCTIONS INC	3,113,017	$30.85M	1.6%	$9.91 *	$18.35	-30.2%	COM CL A	00091G104