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 Est. Cost $268.78 Unrealized +35.4%

AFRM AFFIRM HLDGS INC 5.4%

Value $107M Shares 1,443,580 Est. Cost $54.81 Unrealized +31.3%

FOUR SHIFT4 PMTS INC 5.3%

Value $107M Shares 1,697,920 Est. Cost $73.85 Unrealized -4.3%

HUBS HUBSPOT INC 5.3%

Value $106M Shares 264,929 Est. Cost $489.11 Unrealized -15.3%

CSGP COSTAR GROUP INC 5.3%

Value $106M Shares 1,578,449 Est. Cost $77.28 Unrealized -8.3%

GLBE GLOBAL E ONLINE LTD 5.3%

Value $105M Shares 2,683,313 Est. Cost $33.00 Unrealized +12.4%

AAON AAON INC 4.6%

Value $91.42M Shares 1,198,921 Est. Cost $94.16 Unrealized -2.0%

ASND ASCENDIS PHARMA A/S 4.4%

Value $88.61M Shares 415,549 Est. Cost $199.74 Unrealized —

APG API GROUP CORP 4.4%

Value $87.56M Shares 2,288,558 Est. Cost $21.44 Unrealized +72.4%

CDNS CADENCE DESIGN SYSTEM INC 4.2%

Value $84.86M Shares 271,492 Est. Cost $311.13 Unrealized +4.9%

FICO FAIR ISAAC CORP 4.2%

Value $83.75M Shares 49,539 Est. Cost $1599.85 Unrealized +7.6%

IOT SAMSARA INC 4.2%

Value $83.2M Shares 2,346,995 Est. Cost $37.24 Unrealized +3.9%

APP APPLOVIN CORP 4.1%

Value $81.29M Shares 120,638 Est. Cost $66.80 Unrealized +843.3%

PCOR PROCORE TECHNOLOGIES INC 3.9%

Value $78.66M Shares 1,081,343 Est. Cost $67.93 Unrealized +8.9%

KNSL KINSALE CAP GROUP INC 3.9%

Value $77.12M Shares 197,186 Est. Cost $422.55 Unrealized -3.5%

CVNA CARVANA CO 3.8%

Value $76.25M Shares 180,668 Est. Cost $371.73 Unrealized 0.0%

NCNO NCINO INC 3.7%

Value $74.61M Shares 2,909,880 Est. Cost $25.92 Unrealized -2.0%

SNOW SNOWFLAKE INC 3.6%

Value $72.13M Shares 328,818 Est. Cost $160.89 Unrealized +51.7%

LOAR LOAR HOLDINGS INC 3.1%

Value $61.48M Shares 904,131 Est. Cost $75.06 Unrealized -2.9%

DASH DOORDASH INC 3.1%

Value $61.28M Shares 270,570 Est. Cost $148.28 Unrealized +58.2%

CRDO CREDO TECHNOLOGY GROUP HOLDI 2.8%

Value $55.95M Shares 388,860 Est. Cost $153.78 Unrealized 0.0%

EXAS EXACT SCIENCES CORP 2.7%

Value $54.83M Shares 539,886 Est. Cost $64.89 Unrealized +23.8%

ILMN ILLUMINA INC 2.6%

Value $52.67M Shares 401,533 Est. Cost $129.13 Unrealized -9.1%

DUOL DUOLINGO INC 2.5%

Value $50.35M Shares 286,873 Est. Cost $358.00 Unrealized -34.2%

MEDP MEDPACE HLDGS INC 1.9%

Value $38.85M Shares 69,175 Est. Cost $291.42 Unrealized +94.8%

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