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Spyglass Capital Management LLC

Q3 2025 · Filed 2025-11-14
Market Value
$1.8B
+6.0%
Holdings
28
New Purchases
3
Added To
10
Closed
4
Reduced
11
Top 10 Concentration
55.7%
Turnover
25.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IOT 4.56% 0.00% +4.56% $82M
LOAR 3.78% 0.00% +3.78% $68M
HUBS 5.86% 3.01% +2.85% $105M
DUOL 4.81% 1.98% +2.83% $86M
AAON 5.56% 3.10% +2.46% $100M
FICO 2.30% 0.00% +2.30% $41M
EXAS 6.47% 4.26% +2.21% $116M
GLBE 5.38% 3.28% +2.10% $97M
APP 7.03% 5.27% +1.76% $126M
MDB 5.87% 4.27% +1.59% $105M
CSGP 4.71% 3.81% +0.90% $85M
NCNO 3.24% 2.61% +0.63% $58M
PCOR 3.83% 3.62% +0.20% $69M
MEDP 4.32% 4.16% +0.16% $78M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HOOD 0.00% 5.06% -5.06% $0
ALAB 0.00% 3.92% -3.92% $0
VEEV 0.00% 3.48% -3.48% $0
CYBR 0.00% 3.10% -3.10% $0
AFRM 4.08% 7.10% -3.02% $73M
SNOW 4.70% 6.60% -1.90% $84M
ILMN 2.23% 3.93% -1.70% $40M
SG 1.80% 3.42% -1.62% $32M
ACVA 1.72% 3.02% -1.30% $31M
DASH 2.45% 3.43% -0.98% $44M
KNSL 3.39% 4.16% -0.76% $61M
APG 4.32% 5.07% -0.74% $78M
FOUR 5.35% 6.01% -0.66% $96M
CDNS 2.27% 2.34% -0.07% $41M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 19 $1.2B 66.7%
Mid Cap 6 $477M 26.5%
Small Cap 3 $121M 6.8%

Portfolio Analytics

Avg Market Cap
$28.6B
Median Market Cap
$18.0B
Avg P/E
73.7
Median P/E
49.3
Avg Dividend Yield
0.00%
Avg Beta
1.46
# Stocks
28
# ETFs / Funds
0

Top Holdings (28 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 APP 7.03% 175,917 $126M $718.54 $37M -79,270 -31.1%
2 EXAS 6.47% 2,125,435 $116M $54.71 $44M +766,772 +56.4%
3 MDB 5.87% 339,723 $105M $310.38 $33M -5,404 -1.6%
4 HUBS 5.86% 225,229 $105M $467.80 $54M +133,449 +145.4%
5 AAON 5.56% 1,068,859 $100M $93.44 $47M +356,503 +50.0%
6 GLBE 5.38% 2,703,171 $97M $35.76 $41M +1,044,960 +63.0%
7 FOUR 5.35% 1,242,213 $96M $77.40 -$6M +214,230 +20.8%
8 DUOL 4.81% 268,726 $86M $321.84 $53M +186,777 +227.9%
9 CSGP 4.71% 1,002,717 $85M $84.37 $20M +199,435 +24.8%
10 SNOW 4.70% 374,509 $84M $225.55 -$27M -125,751 -25.1%
11 IOT 4.56% 2,200,165 $82M $37.25 +2,200,165 NEW
12 APG 4.32% 2,261,685 $78M $34.37 -$8M -263,011 -10.4%
13 MEDP 4.32% 150,882 $78M $514.16 $7M -73,589 -32.8%
14 AFRM 4.08% 1,003,823 $73M $73.08 -$47M -736,460 -42.3%
15 PCOR 3.83% 943,888 $69M $72.92 $7M +45,790 +5.1%
16 LOAR 3.78% 849,069 $68M $80.00 +849,069 NEW
17 KNSL 3.39% 143,385 $61M $425.26 -$9M -2,227 -1.5%
18 NCNO 3.24% 2,149,090 $58M $27.11 $14M +569,166 +36.0%
19 DASH 2.45% 161,702 $44M $271.99 -$14M -73,909 -31.4%
20 FICO 2.30% 27,673 $41M $1,496.53 +27,673 NEW
21 CDNS 2.27% 115,969 $41M $351.26 $1M -12,566 -9.8%
22 ILMN 2.23% 422,150 $40M $94.97 -$27M -276,415 -39.6%
23 SG 1.80% 4,056,570 $32M $7.98 -$26M +156,757 +4.0%
24 ACVA 1.72% 3,113,017 $31M $9.91 -$20M -44,113 -1.4%
25 CYBR —% -$53M -129,248 -100.0% SOLD
26 VEEV —% -$59M -205,120 -100.0% SOLD
27 ALAB —% -$66M -734,570 -100.0% SOLD
28 HOOD —% -$86M -916,631 -100.0% SOLD

New Positions

SymbolValue% Port
IOT $82M 4.56%
LOAR $68M 3.78%
FICO $41M 2.30%

Sold Out Positions

SymbolValue% Port
VEEV —%
HOOD —%
ALAB —%
CYBR —%
View SEC EDGAR Filings for Spyglass Capital Management LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms