Spyglass Capital Management LLC Long-Term Concentrated

Location: San Francisco, CA

CIK: 0001654344 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $1.998B (100.0% shares, 0.0% debt)

Holdings (25)

MDB MONGODB INC 5.6%

Value $111M Shares 265,263 Share Price $419.69 * Est. Cost/Share $268.78 Unrealized @ Report Date +35.4%

AFRM AFFIRM HLDGS INC 5.4%

Value $107M Shares 1,443,580 Share Price $74.43 * Est. Cost/Share $54.81 Unrealized @ Report Date +31.3%

FOUR SHIFT4 PMTS INC 5.3%

Value $107M Shares 1,697,920 Share Price $62.97 * Est. Cost/Share $73.85 Unrealized @ Report Date -4.3%

HUBS HUBSPOT INC 5.3%

Value $106M Shares 264,929 Share Price $401.30 * Est. Cost/Share $489.11 Unrealized @ Report Date -15.3%

CSGP COSTAR GROUP INC 5.3%

Value $106M Shares 1,578,449 Share Price $67.24 * Est. Cost/Share $77.28 Unrealized @ Report Date -8.3%

GLBE GLOBAL E ONLINE LTD 5.3%

Value $105M Shares 2,683,313 Share Price $39.31 * Est. Cost/Share $33.00 Unrealized @ Report Date +12.4%

AAON AAON INC 4.6%

Value $91.42M Shares 1,198,921 Share Price $76.25 * Est. Cost/Share $94.16 Unrealized @ Report Date -2.0%

ASND ASCENDIS PHARMA A/S 4.4%

Value $88.61M Shares 415,549 Share Price $213.24 Est. Cost/Share $199.74 Unrealized @ Report Date —

APG API GROUP CORP 4.4%

Value $87.56M Shares 2,288,558 Share Price $38.26 * Est. Cost/Share $21.44 Unrealized @ Report Date +72.4%

CDNS CADENCE DESIGN SYSTEM INC 4.2%

Value $84.86M Shares 271,492 Share Price $312.58 * Est. Cost/Share $311.13 Unrealized @ Report Date +4.9%

FICO FAIR ISAAC CORP 4.2%

Value $83.75M Shares 49,539 Share Price $1690.62 Est. Cost/Share $1599.85 Unrealized @ Report Date +7.6%

IOT SAMSARA INC 4.2%

Value $83.2M Shares 2,346,995 Share Price $35.45 * Est. Cost/Share $37.24 Unrealized @ Report Date +3.9%

APP APPLOVIN CORP 4.1%

Value $81.29M Shares 120,638 Share Price $673.82 * Est. Cost/Share $66.80 Unrealized @ Report Date +843.3%

PCOR PROCORE TECHNOLOGIES INC 3.9%

Value $78.66M Shares 1,081,343 Share Price $72.74 Est. Cost/Share $67.93 Unrealized @ Report Date +8.9%

KNSL KINSALE CAP GROUP INC 3.9%

Value $77.12M Shares 197,186 Share Price $391.12 * Est. Cost/Share $422.55 Unrealized @ Report Date -3.5%

CVNA CARVANA CO 3.8%

Value $76.25M Shares 180,668 Share Price $422.02 * Est. Cost/Share $371.73 Unrealized @ Report Date 0.0%

NCNO NCINO INC 3.7%

Value $74.61M Shares 2,909,880 Share Price $25.64 Est. Cost/Share $25.92 Unrealized @ Report Date -2.0%

SNOW SNOWFLAKE INC 3.6%

Value $72.13M Shares 328,818 Share Price $219.36 * Est. Cost/Share $160.89 Unrealized @ Report Date +51.7%

LOAR LOAR HOLDINGS INC 3.1%

Value $61.48M Shares 904,131 Share Price $68.00 * Est. Cost/Share $75.06 Unrealized @ Report Date -2.9%

DASH DOORDASH INC 3.1%

Value $61.28M Shares 270,570 Share Price $226.48 * Est. Cost/Share $148.28 Unrealized @ Report Date +58.2%

CRDO CREDO TECHNOLOGY GROUP HOLDI 2.8%

Value $55.95M Shares 388,860 Share Price $143.89 * Est. Cost/Share $153.78 Unrealized @ Report Date 0.0%

EXAS EXACT SCIENCES CORP 2.7%

Value $54.83M Shares 539,886 Share Price $101.56 * Est. Cost/Share $64.89 Unrealized @ Report Date +23.8%

ILMN ILLUMINA INC 2.6%

Value $52.67M Shares 401,533 Share Price $131.16 * Est. Cost/Share $129.13 Unrealized @ Report Date -9.1%

DUOL DUOLINGO INC 2.5%

Value $50.35M Shares 286,873 Share Price $175.50 * Est. Cost/Share $358.00 Unrealized @ Report Date -34.2%

MEDP MEDPACE HLDGS INC 1.9%

Value $38.85M Shares 69,175 Share Price $561.65 Est. Cost/Share $291.42 Unrealized @ Report Date +94.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MDB	MONGODB INC	265,263	$111M	5.6%	$419.69 *	$268.78	+35.4%	CL A	60937P106
AFRM	AFFIRM HLDGS INC	1,443,580	$107M	5.4%	$74.43 *	$54.81	+31.3%	COM CL A	00827B106
FOUR	SHIFT4 PMTS INC	1,697,920	$107M	5.3%	$62.97 *	$73.85	-4.3%	CL A	82452J109
HUBS	HUBSPOT INC	264,929	$106M	5.3%	$401.30 *	$489.11	-15.3%	COM	443573100
CSGP	COSTAR GROUP INC	1,578,449	$106M	5.3%	$67.24 *	$77.28	-8.3%	COM	22160N109
GLBE	GLOBAL E ONLINE LTD	2,683,313	$105M	5.3%	$39.31 *	$33.00	+12.4%	SHS	M5216V106
AAON	AAON INC	1,198,921	$91.42M	4.6%	$76.25 *	$94.16	-2.0%	COM PAR $0.004	000360206
ASND	ASCENDIS PHARMA A/S	415,549	$88.61M	4.4%	$213.24	$199.74	—	SPONSORED ADR	04351P101
APG	API GROUP CORP	2,288,558	$87.56M	4.4%	$38.26 *	$21.44	+72.4%	COM STK	00187Y100
CDNS	CADENCE DESIGN SYSTEM INC	271,492	$84.86M	4.2%	$312.58 *	$311.13	+4.9%	COM	127387108
FICO	FAIR ISAAC CORP	49,539	$83.75M	4.2%	$1690.62	$1599.85	+7.6%	COM	303250104
IOT	SAMSARA INC	2,346,995	$83.2M	4.2%	$35.45 *	$37.24	+3.9%	COM CL A	79589L106
APP	APPLOVIN CORP	120,638	$81.29M	4.1%	$673.82 *	$66.80	+843.3%	COM CL A	03831W108
PCOR	PROCORE TECHNOLOGIES INC	1,081,343	$78.66M	3.9%	$72.74	$67.93	+8.9%	COM	74275K108
KNSL	KINSALE CAP GROUP INC	197,186	$77.12M	3.9%	$391.12 *	$422.55	-3.5%	COM	49714P108
CVNA	CARVANA CO	180,668	$76.25M	3.8%	$422.02 *	$371.73	0.0%	CL A	146869102
NCNO	NCINO INC	2,909,880	$74.61M	3.7%	$25.64	$25.92	-2.0%	COM	63947X101
SNOW	SNOWFLAKE INC	328,818	$72.13M	3.6%	$219.36 *	$160.89	+51.7%	COM SHS	833445109
LOAR	LOAR HOLDINGS INC	904,131	$61.48M	3.1%	$68.00 *	$75.06	-2.9%	COM SHS	53947R105
DASH	DOORDASH INC	270,570	$61.28M	3.1%	$226.48 *	$148.28	+58.2%	CL A	25809K105
CRDO	CREDO TECHNOLOGY GROUP HOLDI	388,860	$55.95M	2.8%	$143.89 *	$153.78	0.0%	ORDINARY SHARES	G25457105
EXAS	EXACT SCIENCES CORP	539,886	$54.83M	2.7%	$101.56 *	$64.89	+23.8%	COM	30063P105
ILMN	ILLUMINA INC	401,533	$52.67M	2.6%	$131.16 *	$129.13	-9.1%	COM	452327109
DUOL	DUOLINGO INC	286,873	$50.35M	2.5%	$175.50 *	$358.00	-34.2%	CL A COM	26603R106
MEDP	MEDPACE HLDGS INC	69,175	$38.85M	1.9%	$561.65	$291.42	+94.8%	COM	58506Q109