Q4 2025 · 13F-HR
Spyglass Capital Management LLCholdings as filed
Filed 2026-02-17 · accession 0001172661-26-000853
$2.00B
Reported value
25
Positions
2025-12-31
Period end
The Brief · Spyglass Capital Management LLC · Q4 2025
AI · grounded in 13F
Spyglass Capital Management LLC established a new position in CVNA valued at $76.2M. The fund also opened a new stake in CREDO TECHNOLOGY GROUP HOLDI worth $55.9M and increased its holdings in CDNS by 134.1%. On the sell side, the fund closed its positions in SG and ACVA, reducing its exposure by $32.3M and $30.8M respectively.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 60937P106 | MDB | MONGODB INC | $111.3M | 5.57% | 265,263 | Common | SOLE |
| 00827B106 | AFRM | AFFIRM HLDGS INC | $107.4M | 5.38% | 1,443,580 | Common | SOLE |
| 82452J109 | FOUR | SHIFT4 PMTS INC | $106.9M | 5.35% | 1,697,920 | Common | SOLE |
| 443573100 | HUBS | HUBSPOT INC | $106.3M | 5.32% | 264,929 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $106.1M | 5.31% | 1,578,449 | Common | SOLE |
| M5216V106 | GLBE | GLOBAL E ONLINE LTD | $105.5M | 5.28% | 2,683,313 | Common | SOLE |
| 000360206 | AAON | AAON INC | $91.4M | 4.57% | 1,198,921 | Common | SOLE |
| 04351P101 | ASNDUSD | ASCENDIS PHARMA A/S | $88.6M | 4.43% | 415,549 | Common | SOLE |
| 00187Y100 | APG | API GROUP CORP | $87.6M | 4.38% | 2,288,558 | Common | SOLE |
| 127387108 | CDNS | CADENCE DESIGN SYSTEM INC | $84.9M | 4.25% | 271,492 | Common | SOLE |
| 303250104 | FICO | FAIR ISAAC CORP | $83.8M | 4.19% | 49,539 | Common | SOLE |
| 79589L106 | IOT | SAMSARA INC | $83.2M | 4.16% | 2,346,995 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $81.3M | 4.07% | 120,638 | Common | SOLE |
| 74275K108 | PCOR | PROCORE TECHNOLOGIES INC | $78.7M | 3.94% | 1,081,343 | Common | SOLE |
| 49714P108 | KNSL | KINSALE CAP GROUP INC | $77.1M | 3.86% | 197,186 | Common | SOLE |
| 146869102 | CVNA | CARVANA CO | $76.2M | 3.82% | 180,668 | Common | SOLE |
| 63947X101 | NCNO | NCINO INC | $74.6M | 3.73% | 2,909,880 | Common | SOLE |
| 833445109 | SNOW | SNOWFLAKE INC | $72.1M | 3.61% | 328,818 | Common | SOLE |
| 53947R105 | LOAR | LOAR HOLDINGS INC | $61.5M | 3.08% | 904,131 | Common | SOLE |
| 25809K105 | DASH | DOORDASH INC | $61.3M | 3.07% | 270,570 | Common | SOLE |
| G25457105 | CRDO | CREDO TECHNOLOGY GROUP HOLDI | $56.0M | 2.80% | 388,860 | Common | SOLE |
| 30063P105 | EXK | EXACT SCIENCES CORP | $54.8M | 2.74% | 539,886 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $52.7M | 2.64% | 401,533 | Common | SOLE |
| 26603R106 | DUOL | DUOLINGO INC | $50.3M | 2.52% | 286,873 | Common | SOLE |
| 58506Q109 | MEDP | MEDPACE HLDGS INC | $38.9M | 1.94% | 69,175 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.