Spyglass Capital Management LLC Long-Term Concentrated

Location: San Francisco, CA

CIK: 0001654344 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 18, 2026

Total Value: $1.413B (100.0% shares, 0.0% debt)

Holdings (25)

New Positions (2)

RBLX ROBLOX CORP 3.1%

Value $44.12M Shares 779,991 Est. Cost $71.75 Unrealized 0.0%

CHYM CHIME FINL INC 1.7%

Value $24.3M Shares 1,297,192 Est. Cost $24.01 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RBLX	ROBLOX CORP	779,991	$44.12M	3.1%	$71.75	0.0%	CL A	771049103
CHYM	CHIME FINL INC	1,297,192	$24.3M	1.7%	$24.01	0.0%	COM SHS CL A	16935C109

Increased Positions (10)

AFRM AFFIRM HLDGS INC 5.4%

Value $76.17M (-29.1%) Shares 1,662,325 (+15.2%) Est. Cost $56.11 Unrealized +15.3%

FOUR SHIFT4 PMTS INC 5.4%

Value $76.58M (-28.4%) Shares 1,751,140 (+3.1%) Est. Cost $73.46 Unrealized -17.2%

HUBS HUBSPOT INC 5.4%

Value $76.63M (-27.9%) Shares 313,922 (+18.5%) Est. Cost $458.30 Unrealized -36.4%

NCNO NCINO INC 3.3%

Value $46.22M (-38.1%) Shares 3,085,237 (+6.0%) Est. Cost $25.62 Unrealized -19.0%

FICO FAIR ISAAC CORP 4.3%

Value $60.16M (-28.2%) Shares 56,350 (+13.7%) Est. Cost $1583.78 Unrealized -7.4%

SNOW SNOWFLAKE INC 3.8%

Value $53.13M (-26.3%) Shares 352,268 (+7.1%) Est. Cost $163.13 Unrealized +19.2%

DASH DOORDASH INC 3.2%

Value $44.77M (-26.9%) Shares 298,176 (+10.2%) Est. Cost $152.76 Unrealized +28.7%

APP APPLOVIN CORP 4.7%

Value $66.29M (-18.5%) Shares 166,557 (+38.1%) Est. Cost $188.19 Unrealized +169.5%

IOT SAMSARA INC 6.6%

Value $93.38M (+12.2%) Shares 2,946,646 (+25.5%) Est. Cost $35.71 Unrealized -16.7%

CRDO CREDO TECHNOLOGY GROUP HOLDI 3.9%

Value $55.57M (-0.7%) Shares 591,990 (+52.2%) Est. Cost $146.08 Unrealized -10.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AFRM	AFFIRM HLDGS INC	1,662,325 (+15.2%)	$76.17M (-29.1%)	5.4%	$56.11	+15.3%	COM CL A	00827B106
FOUR	SHIFT4 PMTS INC	1,751,140 (+3.1%)	$76.58M (-28.4%)	5.4%	$73.46	-17.2%	CL A	82452J109
HUBS	HUBSPOT INC	313,922 (+18.5%)	$76.63M (-27.9%)	5.4%	$458.30	-36.4%	COM	443573100
NCNO	NCINO INC	3,085,237 (+6.0%)	$46.22M (-38.1%)	3.3%	$25.62	-19.0%	COM	63947X101
FICO	FAIR ISAAC CORP	56,350 (+13.7%)	$60.16M (-28.2%)	4.3%	$1583.78	-7.4%	COM	303250104
SNOW	SNOWFLAKE INC	352,268 (+7.1%)	$53.13M (-26.3%)	3.8%	$163.13	+19.2%	COM SHS	833445109
DASH	DOORDASH INC	298,176 (+10.2%)	$44.77M (-26.9%)	3.2%	$152.76	+28.7%	CL A	25809K105
APP	APPLOVIN CORP	166,557 (+38.1%)	$66.29M (-18.5%)	4.7%	$188.19	+169.5%	COM CL A	03831W108
IOT	SAMSARA INC	2,946,646 (+25.5%)	$93.38M (+12.2%)	6.6%	$35.71	-16.7%	COM CL A	79589L106
CRDO	CREDO TECHNOLOGY GROUP HOLDI	591,990 (+52.2%)	$55.57M (-0.7%)	3.9%	$146.08	-10.1%	ORDINARY SHARES	G25457105

Exited Positions (2)

EXAS EXACT SCIENCES CORP 3.9%

Value $54.83M Shares 539,886 Est. Cost $64.89 Unrealized +58.2%

DUOL DUOLINGO INC 3.6%

Value $50.35M Shares 286,873 Est. Cost $358.00 Unrealized -61.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EXAS	EXACT SCIENCES CORP	539,886	$54.83M	3.9%	$64.89	+58.2%	—	30063P105
DUOL	DUOLINGO INC	286,873	$50.35M	3.6%	$358.00	-61.5%	—	26603R106

Decreased Positions (13)

CSGP COSTAR GROUP INC 3.2%

Value $44.83M (-57.8%) Shares 1,111,224 (-29.6%) Est. Cost $77.28 Unrealized -26.4%

MDB MONGODB INC 4.4%

Value $61.97M (-44.3%) Shares 253,174 (-4.6%) Est. Cost $268.78 Unrealized +40.0%

GLBE GLOBAL E ONLINE LTD 4.2%

Value $59.78M (-43.3%) Shares 1,937,769 (-27.8%) Est. Cost $33.00 Unrealized +9.7%

APG API GROUP CORP 3.6%

Value $51.5M (-41.2%) Shares 1,271,099 (-44.5%) Est. Cost $21.44 Unrealized +99.7%

KNSL KINSALE CAP GROUP INC 3.3%

Value $46.82M (-39.3%) Shares 137,029 (-30.5%) Est. Cost $422.55 Unrealized -6.9%

LOAR LOAR HOLDINGS INC 2.4%

Value $33.46M (-45.6%) Shares 584,133 (-35.4%) Est. Cost $75.06 Unrealized -8.2%

CVNA CARVANA CO 3.7%

Value $52.62M (-31.0%) Shares 167,391 (-7.3%) Est. Cost $371.73 Unrealized +9.9%

PCOR PROCORE TECHNOLOGIES INC 4.1%

Value $57.31M (-27.1%) Shares 1,005,371 (-7.0%) Est. Cost $67.93 Unrealized -11.3%

AAON AAON INC 5.0%

Value $71.07M (-22.3%) Shares 858,840 (-28.4%) Est. Cost $94.16 Unrealized -1.1%

CDNS CADENCE DESIGN SYSTEM INC 4.6%

Value $64.84M (-23.6%) Shares 233,347 (-14.1%) Est. Cost $311.13 Unrealized -2.5%

ILMN ILLUMINA INC 2.8%

Value $40.07M (-23.9%) Shares 325,049 (-19.0%) Est. Cost $129.13 Unrealized +4.9%

MEDP MEDPACE HLDGS INC 1.9%

Value $26.77M (-31.1%) Shares 55,755 (-19.4%) Est. Cost $291.42 Unrealized +86.1%

ASND ASCENDIS PHARMA A/S 6.0%

Value $84.17M (-5.0%) Shares 367,972 (-11.4%) Est. Cost $199.74 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CSGP	COSTAR GROUP INC	1,111,224 (-29.6%)	$44.83M (-57.8%)	3.2%	$77.28	-26.4%	COM	22160N109
MDB	MONGODB INC	253,174 (-4.6%)	$61.97M (-44.3%)	4.4%	$268.78	+40.0%	CL A	60937P106
GLBE	GLOBAL E ONLINE LTD	1,937,769 (-27.8%)	$59.78M (-43.3%)	4.2%	$33.00	+9.7%	SHS	M5216V106
APG	API GROUP CORP	1,271,099 (-44.5%)	$51.5M (-41.2%)	3.6%	$21.44	+99.7%	COM STK	00187Y100
KNSL	KINSALE CAP GROUP INC	137,029 (-30.5%)	$46.82M (-39.3%)	3.3%	$422.55	-6.9%	COM	49714P108
LOAR	LOAR HOLDINGS INC	584,133 (-35.4%)	$33.46M (-45.6%)	2.4%	$75.06	-8.2%	COM SHS	53947R105
CVNA	CARVANA CO	167,391 (-7.3%)	$52.62M (-31.0%)	3.7%	$371.73	+9.9%	CL A	146869102
PCOR	PROCORE TECHNOLOGIES INC	1,005,371 (-7.0%)	$57.31M (-27.1%)	4.1%	$67.93	-11.3%	COM	74275K108
AAON	AAON INC	858,840 (-28.4%)	$71.07M (-22.3%)	5.0%	$94.16	-1.1%	COM PAR $0.004	000360206
CDNS	CADENCE DESIGN SYSTEM INC	233,347 (-14.1%)	$64.84M (-23.6%)	4.6%	$311.13	-2.5%	COM	127387108
ILMN	ILLUMINA INC	325,049 (-19.0%)	$40.07M (-23.9%)	2.8%	$129.13	+4.9%	COM	452327109
MEDP	MEDPACE HLDGS INC	55,755 (-19.4%)	$26.77M (-31.1%)	1.9%	$291.42	+86.1%	COM	58506Q109
ASND	ASCENDIS PHARMA A/S	367,972 (-11.4%)	$84.17M (-5.0%)	6.0%	$199.74	—	SPONSORED ADR	04351P101