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Spyglass Capital Management LLC

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13F filer, CIK 1654344, Greenbrae, CA

Spyglass Capital Management LLC reported $1,456,600,952 across 25 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 52.39% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-002179

Period
2025-03-31
Reported value
$1.46B
Holdings
25
Top 10 weight
52.39%
New
3
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
HOODnew+1,321,608$55M
AAONnew+620,895$48.5M
FICOnew+20,782$38.3M
SGadded+1,089,276$27.3M
ALABadded+452,637$27M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
CSGPreduced-725,749-$57.5M
DASHreduced-301,127-$55M
FNDexited-442,104-$44.1M
SPOTexited-89,121-$39.9M
DUOLexited-111,173-$36M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001172661-25-002179, largest first. % of portfolio is the value over $1,456,600,952, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
AFRMAFFIRM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,348,095 shares; 2024Q4: 1,702,004 shares; 2025Q1: 1,902,425 shares 1,902,425$86M5.9%+200,421Timeline
SGSWEETGREEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,050,611 shares; 2024Q4: 2,296,894 shares; 2025Q1: 3,386,170 shares 3,386,170$84.7M5.82%+1,089,276Timeline
FOURSHIFT4 PMTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 800,320 shares; 2024Q4: 981,859 shares; 2025Q1: 1,002,330 shares 1,002,330$81.9M5.62%+20,471Timeline
SNOWSNOWFLAKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 547,848 shares; 2024Q4: 577,034 shares; 2025Q1: 557,726 shares 557,726$81.5M5.6%-19,308Timeline
APPAPPLOVIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 818,109 shares; 2024Q4: 315,061 shares; 2025Q1: 302,224 shares 302,224$80.1M5.5%-12,837Timeline
MEDPMEDPACE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 141,882 shares; 2024Q4: 262,660 shares; 2025Q1: 242,146 shares 242,146$73.8M5.07%-20,514Timeline
KNSLKINSALE CAP GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,348 shares; 2024Q4: 119,895 shares; 2025Q1: 151,421 shares 151,421$73.7M5.06%+31,526Timeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,834,189 shares; 2024Q4: 2,070,041 shares; 2025Q1: 2,000,741 shares 2,000,741$71.5M4.91%-69,300Timeline
EXASEXACT SCIENCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,397,093 shares; 2024Q4: 1,539,436 shares; 2025Q1: 1,576,634 shares 1,576,634$68.3M4.69%+37,198Timeline
PCORPROCORE TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 935,896 shares; 2024Q4: 1,048,154 shares; 2025Q1: 933,887 shares 933,887$61.7M4.23%-114,267Timeline
HOODROBINHOOD MKTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,321,608 shares 1,321,608$55M3.78%newTimeline
ALABASTERA LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 736,121 shares; 2024Q4: 455,312 shares; 2025Q1: 907,949 shares 907,949$54.2M3.72%+452,637Timeline
VEEVVEEVA SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 224,143 shares; 2024Q4: 307,801 shares; 2025Q1: 227,297 shares 227,297$52.6M3.61%-80,504Timeline
HUBSHUBSPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,328 shares; 2024Q4: 106,551 shares; 2025Q1: 91,150 shares 91,150$52.1M3.57%-15,401Timeline
GLBEGLOBAL E ONLINE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,392,671 shares; 2024Q4: 1,487,335 shares; 2025Q1: 1,437,501 shares 1,437,501$51.2M3.52%-49,834Timeline
AAONAAON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 620,895 shares 620,895$48.5M3.33%newTimeline
WSCWILLSCOT HLDGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,301,780 shares; 2024Q4: 1,829,245 shares; 2025Q1: 1,723,601 shares 1,723,601$47.9M3.29%-105,644Timeline
MDBMONGODB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 235,971 shares; 2024Q4: 249,683 shares; 2025Q1: 269,595 shares 269,595$47.3M3.25%+19,912Timeline
DASHDOORDASH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 553,194 shares; 2024Q4: 546,239 shares; 2025Q1: 245,112 shares 245,112$44.8M3.08%-301,127Timeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 537,716 shares; 2025Q1: 559,057 shares 559,057$44.4M3.05%+21,341Timeline
ACVAACV AUCTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,614,245 shares; 2024Q4: 2,916,586 shares; 2025Q1: 3,117,628 shares 3,117,628$43.9M3.02%+201,042Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 116,221 shares; 2025Q1: 124,511 shares 124,511$42.1M2.89%+8,290
CSGPCOSTAR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 829,004 shares; 2024Q4: 1,221,607 shares; 2025Q1: 495,858 shares 495,858$39.3M2.7%-725,749Timeline
FICOFAIR ISAAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 20,782 shares 20,782$38.3M2.63%newTimeline
GDDYGODADDY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 354,223 shares; 2024Q4: 267,614 shares; 2025Q1: 176,722 shares 176,722$31.8M2.19%-90,892Timeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
FNDFLOOR & DECOR HLDGS INC442,104$44.1Mshares
SPOTSPOTIFY TECHNOLOGY S A89,121$39.9Mshares
DUOLDUOLINGO INC111,173$36Mshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-25-002179 base2025-05-15acceptance time not in the bulk data set