Spyglass Capital Management LLC

Q3 2025 13F-HR Holdings

Location
San Francisco, CA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
25
Total value ($000)
$1,875,063
Net value change ($000)
+179,524 (10.6%)
New positions
4
Sold out positions
4
Turnover %
28.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
IOT 81,956 NEW
ASND 77,267 NEW
LOAR 67,926 NEW
HUBS 54,274 106.2%
DUOL 52,886 157.4%
AAON 47,338 90.1%
EXAS 44,084 61.1%
FICO 41,413 NEW
GLBE 41,049 73.8%
APP 37,067 41.5%
Top Reduces (Value $000, Stocks/ETFs)
HOOD -85,824 -100.0%
ALAB -66,420 -100.0%
VEEV -59,070 -100.0%
CYBR -52,588 -100.0%
AFRM -46,964 -39.0%
SNOW -27,472 -24.5%
ILMN -26,558 -39.8%
SG -25,658 -44.2%
ACVA -20,359 -39.8%
DASH -14,099 -24.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type