Spyglass Capital Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 18, 2026), Spyglass Capital Management LLC reported 25 stock positions worth $1.4 billion. Its top holding was Samsara Class A (IOT) at 6.6% of the portfolio, followed by Ascendis Pharma A/S (ASND, 6.0%) and HubSpot (HUBS, 5.4%). Compared with Q4 2025, it opened 2 new positions, sold out of 2, added to 10 and reduced 13. The biggest buy was a new position in Roblox Class A (RBLX) and the biggest sale an exit from Exact Sciences (EXAS).
- Most Recent 13F
- Q2 2026
- Location
- Greenbrae, CA
- CIK
- 0001654344
- Portfolio Value
- $1.4B (Q1 2026)
- SEC Filing
- 0001172661-26-002427 ↗ filed May 18, 2026
Holdings Value
Holdings 25 stocks · $1.4B
| IOT Samsara Inc. Class A | 6.61% | 2,946,646 | $93.4M | Add +25.6% |
| ASND Ascendis Pharma A/S | 5.96% | 367,972 | $84.2M | Reduce -11.4% |
| HUBS HubSpot Inc. | 5.42% | 313,922 | $76.6M | Add +18.5% |
| FOUR SHIFT4 Payments Inc. Class A | 5.42% | 1,751,140 | $76.6M | Add +3.1% |
| AFRM Affirm Holdings Inc. | 5.39% | 1,662,325 | $76.2M | Add +15.2% |
| AAON Aaon Inc. | 5.03% | 858,840 | $71.1M | Reduce -28.4% |
| APP AppLovin Corp. Class A | 4.69% | 166,557 | $66.3M | Add +38.1% |
| CDNS Cadence Design SYS Inc. | 4.59% | 233,347 | $64.8M | Reduce -14.1% |
| MDB Mongodb Inc. | 4.39% | 253,174 | $62.0M | Reduce -4.6% |
| FICO Fair Isaac Corp. | 4.26% | 56,350 | $60.2M | Add +13.8% |
| GLBE Global-E Online Ltd. | 4.23% | 1,937,769 | $59.8M | Reduce -27.8% |
| PCOR Procore Technologies Inc. | 4.06% | 1,005,371 | $57.3M | Reduce -7.0% |
| CRDO Credo Technology Group Holdi | 3.93% | 591,990 | $55.6M | Add +52.2% |
| SNOW Snowflake Inc. | 3.76% | 352,268 | $53.1M | Add +7.1% |
| CVNA Carvana Co. | 3.73% | 167,391 | $52.6M | Reduce -7.3% |
| APG Api Group Corp. | 3.65% | 1,271,099 | $51.5M | Reduce -44.5% |
| KNSL Kinsale Capital Group Inc. | 3.31% | 137,029 | $46.8M | Reduce -30.5% |
| NCNO Ncino Inc. | 3.27% | 3,085,237 | $46.2M | Add +6.0% |
| CSGP Costar Group Inc. | 3.17% | 1,111,224 | $44.8M | Reduce -29.6% |
| DASH DoorDash Inc. Class A | 3.17% | 298,176 | $44.8M | Add +10.2% |
| RBLX Roblox Corp. Class A | 3.12% | 779,991 | $44.1M | New |
| ILMN Illumina Inc. | 2.84% | 325,049 | $40.1M | Reduce -19.1% |
| LOAR Loar Holdings Inc. | 2.37% | 584,133 | $33.5M | Reduce -35.4% |
| MEDP Medpace Holdings Inc. | 1.90% | 55,755 | $26.8M | Reduce -19.4% |
| CHYM Chime Financial Inc. Class A | 1.72% | 1,297,192 | $24.3M | New |
Portfolio Sells Q4 2025 → Q1 2026
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −2.74 |
| DUOL Duolingo | Sold out | 0.00% | −2.52 |
| CSGP Costar Group Inc. | Reduce -29.6% | 3.17% | −2.14 |
| MDB Mongodb Inc. | Reduce -4.6% | 4.39% | −1.18 |
| GLBE Global-E Online Ltd. | Reduce -27.8% | 4.23% | −1.05 |
| APG Api Group Corp. | Reduce -44.5% | 3.65% | −0.73 |
| LOAR Loar Holdings Inc. | Reduce -35.4% | 2.37% | −0.71 |
| KNSL Kinsale Capital Group Inc. | Reduce -30.5% | 3.31% | −0.54 |
| CVNA Carvana Co. | Reduce -7.3% | 3.73% | −0.09 |
| MEDP Medpace Holdings Inc. | Reduce -19.4% | 1.90% | −0.05 |
| PCOR Procore Technologies Inc. | Reduce -7.0% | 4.06% | +0.12 |
| ILMN Illumina Inc. | Reduce -19.1% | 2.84% | +0.20 |
| CDNS Cadence Design SYS Inc. | Reduce -14.1% | 4.59% | +0.34 |
| AAON Aaon Inc. | Reduce -28.4% | 5.03% | +0.46 |
| ASND Ascendis Pharma A/S | Reduce -11.4% | 5.96% | +1.52 |
Portfolio Buys Q4 2025 → Q1 2026
| RBLX Roblox Corp. Class A | New | 3.12% | +3.12 |
| IOT Samsara Inc. Class A | Add +25.6% | 6.61% | +2.45 |
| CHYM Chime Financial Inc. Class A | New | 1.72% | +1.72 |
| CRDO Credo Technology Group Holdi | Add +52.2% | 3.93% | +1.13 |
| APP AppLovin Corp. Class A | Add +38.1% | 4.69% | +0.63 |
| SNOW Snowflake Inc. | Add +7.1% | 3.76% | +0.15 |
| HUBS HubSpot Inc. | Add +18.5% | 5.42% | +0.11 |
| DASH DoorDash Inc. Class A | Add +10.2% | 3.17% | +0.10 |
| FOUR SHIFT4 Payments Inc. Class A | Add +3.1% | 5.42% | +0.07 |
| FICO Fair Isaac Corp. | Add +13.8% | 4.26% | +0.07 |
| AFRM Affirm Holdings Inc. | Add +15.2% | 5.39% | +0.02 |
| NCNO Ncino Inc. | Add +6.0% | 3.27% | −0.46 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 25 | $1.8B | AFRM, CRDO, IOT, AAON, APP |
| Q1 2026Amended | 25 | $1.4B | IOT, ASND, HUBS, FOUR, AFRM |
| Q4 2025 | 25 | $2.0B | MDB, AFRM, FOUR, HUBS, CSGP |
| Q3 2025 | 25 | $1.9B | APP, EXAS, MDB, HUBS, AAON |
| Q2 2025 | 25 | $1.7B | AFRM, SNOW, FOUR, APP, APG |
| Q1 2025 | 25 | $1.5B | AFRM, SG, FOUR, SNOW, APP |
| Q4 2024 | 25 | $1.8B | AFRM, APP, FOUR, DASH, SNOW |
| Q3 2024 | 25 | $1.5B | APP, ASND, AFRM, EXAS, DASH |
| Q2 2024 | 25 | $1.4B | ASND, FOUR, APP, SG, APG |
| Q1 2024 | 25 | $1.5B | APP, ASND, WSC, CSGP, EXAS |