1y return+8.8%S&P 500 +20.9%
3y return+102.5%S&P 500 +68.5%
5y return+14.6%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2018: $286 against $299 in the S&P 500.2
Spyglass Capital Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AFRMAffirm Hldgs Inc | $125.4M | 6.8% | −7.5% |
| Credo Technology Group HoldiCUSIP G25457105 | $109.2M | 5.9% | −32.2% |
| IOTSamsara Inc | $100.1M | 5.4% | +4.7% |
| AAONAaon Inc | $98.5M | 5.3% | −9.6% |
| APPApplovin Corp | $98.4M | 5.3% | +14.7% |
| FICOFair Isaac Corp | $89.5M | 4.8% | +33.0% |
| FOURShift4 Pmts Inc | $89.2M | 4.8% | +4.7% |
| SNOWSnowflake Inc | $84.0M | 4.5% | −6.3% |
| ILMNIllumina Inc | $80.7M | 4.4% | +41.1% |
| CSGPCostar Group Inc | $76.3M | 4.1% | +142.5% |
| MDBMongodb Inc | $75.0M | 4.1% | −11.8% |
| DASHDoordash Inc | $73.5M | 4.0% | +33.6% |
| CHYMChime Finl Inc | $69.8M | 3.8% | +162.6% |
| Global E Online LtdCUSIP M5216V106 | $68.0M | 3.7% | +1.1% |
| HUBSHubspot Inc | $67.8M | 3.7% | +18.3% |
| CVNACarvana Co | $65.3M | 3.5% | +18.6% |
| MEDPMedpace Hldgs Inc | $63.7M | 3.5% | +115.9% |
| QXOQxo Inc | $63.0M | 3.4% | New |
| CDNSCadence Design System Inc | $59.1M | 3.2% | −32.6% |
| Ascendis Pharma A/sCUSIP K08588103 | $57.5M | 3.1% | New |
| MKSIMks Inc. | $52.7M | 2.9% | New |
| LOARLoar Holdings Inc | $49.3M | 2.7% | +4.7% |
| APGApi Group Corp | $49.2M | 2.7% | −8.5% |
| PCORProcore Technologies Inc | $42.8M | 2.3% | +4.7% |
| FPSForgent Power Solutions Inc | $39.4M | 2.1% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| APPApplovin Corp | September 30, 2021 | +611.9% | $98.4M |
| MEDPMedpace Hldgs Inc | March 31, 2023 | +181.6% | $63.7M |
| DASHDoordash Inc | September 30, 2023 | +132.2% | $73.5M |
| Credo Technology Group HoldiCUSIP G25457105 | December 31, 2025 | +89.0% | $109.2M |
| APGApi Group Corp | September 30, 2023 | +63.3% | $49.2M |
| AAONAaon Inc | March 31, 2025 | +62.4% | $98.5M |
| MDBMongodb Inc | June 30, 2024 | +34.4% | $75.0M |
| ILMNIllumina Inc | December 31, 2024 | +31.6% | $80.7M |
| SNOWSnowflake Inc | December 31, 2023 | +27.9% | $84.0M |
| CDNSCadence Design System Inc | June 30, 2025 | +21.8% | $59.1M |
Sold off last quarter
- Ascendis Pharma A/sCUSIP 04351P101 was $84.2M
- KNSLKinsale Cap Group Inc was $46.8M
- NCNONcino Inc was $46.2M
- RBLXRoblox Corp was $44.1M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +24.5% | +14.8% |
| March 31, 2026 | −23.5% | −4.6% |
| December 31, 2025 | +1.4% | +2.4% |
| September 30, 2025 | +12.5% | +7.8% |
| June 30, 2025 | +20.5% | +10.5% |
| March 31, 2025 | −14.2% | −4.6% |
| December 31, 2024 | +22.0% | +2.1% |
| September 30, 2024 | +12.8% | +5.4% |
| June 30, 2024 | −6.7% | +4.0% |
| March 31, 2024 | +13.5% | +10.0% |
| December 31, 2023 | +25.3% | +11.2% |
| September 30, 2023 | −1.3% | −3.6% |
| June 30, 2023 | +12.2% | +8.3% |
| March 31, 2023 | +12.7% | +7.0% |
| December 31, 2022 | −0.4% | +7.1% |
| September 30, 2022 | −7.4% | −5.3% |
| June 30, 2022 | −33.1% | −16.5% |
| March 31, 2022 | −9.9% | −4.9% |
| December 31, 2021 | −12.7% | +10.7% |
| September 30, 2021 | −7.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Spyglass Capital Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1654344&type=13F-HR&dateb=&owner=include&count=40CIK 1654344
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1654344/000117266126003494/Filed August 14, 2026 · accession 0001172661-26-003494