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 Est. Cost $66.80 Unrealized +590.4%

EXAS EXACT SCIENCES CORP 6.2%

Value $116M Shares 2,125,435 Est. Cost $64.89 Unrealized -23.0%

MDB MONGODB INC 5.6%

Value $105M Shares 339,723 Est. Cost $268.78 Unrealized -4.4%

HUBS HUBSPOT INC 5.6%

Value $105M Shares 225,229 Est. Cost $502.31 Unrealized +0.2%

AAON AAON INC 5.3%

Value $99.87M Shares 1,068,859 Est. Cost $94.39 Unrealized -13.4%

GLBE GLOBAL E ONLINE LTD 5.2%

Value $96.67M Shares 2,703,171 Est. Cost $33.00 Unrealized +3.4%

FOUR SHIFT4 PMTS INC 5.1%

Value $96.15M Shares 1,242,213 Est. Cost $75.03 Unrealized +23.9%

DUOL DUOLINGO INC 4.6%

Value $86.49M Shares 268,726 Est. Cost $366.26 Unrealized -8.7%

CSGP COSTAR GROUP INC 4.5%

Value $84.6M Shares 1,002,717 Est. Cost $80.98 Unrealized +9.1%

SNOW SNOWFLAKE INC 4.5%

Value $84.47M Shares 374,509 Est. Cost $160.89 Unrealized +33.5%

IOT SAMSARA INC 4.4%

Value $81.96M Shares 2,200,165 Est. Cost $37.14 Unrealized 0.0%

APG API GROUP CORP 4.1%

Value $77.73M Shares 2,261,685 Est. Cost $21.26 Unrealized +64.2%

MEDP MEDPACE HLDGS INC 4.1%

Value $77.58M Shares 150,882 Est. Cost $291.42 Unrealized +49.8%

ASND ASCENDIS PHARMA A/S 4.1%

Value $77.27M Shares 388,647 Est. Cost $198.81 Unrealized —

AFRM AFFIRM HLDGS INC 3.9%

Value $73.36M Shares 1,003,823 Est. Cost $47.29 Unrealized +60.9%

PCOR PROCORE TECHNOLOGIES INC 3.7%

Value $68.83M Shares 943,888 Est. Cost $67.05 Unrealized +4.1%

LOAR LOAR HOLDINGS INC 3.6%

Value $67.93M Shares 849,069 Est. Cost $75.20 Unrealized 0.0%

KNSL KINSALE CAP GROUP INC 3.3%

Value $60.98M Shares 143,385 Est. Cost $428.13 Unrealized +5.8%

NCNO NCINO INC 3.1%

Value $58.26M Shares 2,149,090 Est. Cost $26.10 Unrealized +11.9%

DASH DOORDASH INC 2.3%

Value $43.98M Shares 161,702 Est. Cost $90.19 Unrealized +178.1%

FICO FAIR ISAAC CORP 2.2%

Value $41.41M Shares 27,673 Est. Cost $1503.82 Unrealized 0.0%

CDNS CADENCE DESIGN SYSTEM INC 2.2%

Value $40.74M Shares 115,969 Est. Cost $290.76 Unrealized +18.3%

ILMN ILLUMINA INC 2.1%

Value $40.09M Shares 422,150 Est. Cost $129.13 Unrealized -23.2%

SG SWEETGREEN INC 1.7%

Value $32.37M Shares 4,056,570 Est. Cost $18.08 Unrealized -39.9%

ACVA ACV AUCTIONS INC 1.6%

Value $30.85M Shares 3,113,017 Est. Cost $18.35 Unrealized -30.2%

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