Spyglass Capital Management 13F annual report
Spyglass Capital Management is an investment fund managing more than $1.37 trillion ran by John Zhang. There are currently 25 companies in Mr. Zhang’s portfolio. The largest investments include Ascendis Pharma A/S and Shift4 Pmts Inc, together worth $179 billion.
$1.37 trillion Assets Under Management (AUM)
As of 7th August 2024, Spyglass Capital Management’s top holding is 662,888 shares of Ascendis Pharma A/S currently worth over $90.4 billion and making up 6.6% of the portfolio value.
Relative to the number of outstanding shares of Ascendis Pharma A/S, Spyglass Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 1,204,077 shares of Shift4 Pmts Inc worth $88.3 billion.
The third-largest holding is Applovin Corp worth $87.2 billion and the next is Sweetgreen worth $75.6 billion, with 2,509,615 shares owned.
Currently, Spyglass Capital Management's portfolio is worth at least $1.37 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Spyglass Capital Management
The Spyglass Capital Management office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, John Zhang serves as the Chief Compliance Officer at Spyglass Capital Management.
Recent trades
In the most recent 13F filing, Spyglass Capital Management revealed that it had opened a new position in
MongoDB Inc and bought 156,515 shares worth $39.1 billion.
This means they effectively own approximately 0.1% of the company.
MongoDB Inc makes up
9.8%
of the fund's Technology sector allocation and has decreased its share price by 33.3% in the past year.
The investment fund also strengthened its position in Ascendis Pharma A/S by buying
48,781 additional shares.
This makes their stake in Ascendis Pharma A/S total 662,888 shares worth $90.4 billion.
Ascendis Pharma A/S soared 51.5% in the past year.
On the other hand, there are companies that Spyglass Capital Management is getting rid of from its portfolio.
Spyglass Capital Management closed its position in Affiliated Managers Group In on 14th August 2024.
It sold the previously owned 328,745 shares for $55.1 billion.
John Zhang also disclosed a decreased stake in Applovin Corp by 0.3%.
This leaves the value of the investment at $87.2 billion and 1,048,239 shares.
One of the largest hedge funds
The two most similar investment funds to Spyglass Capital Management are Nyl Investors and Check Capital Management Inc/ca. They manage $1.37 trillion and $1.37 trillion respectively.
John Zhang investment strategy
Spyglass Capital Management’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 29.3% of
the total portfolio value.
The fund focuses on investments in the United States as
64.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
36% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $16.4 billion.
The complete list of Spyglass Capital Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ascendis Pharma A/S |
7.94%
662,888
|
$90,404,665,000 | 6.62% |
| Shift4 Pmts Inc |
9.25%
1,204,077
|
$88,319,048,000 | 6.47% |
| Applovin Corp |
27.94%
1,048,239
|
$87,234,450,000 | 6.39% |
| Sweetgreen, Inc. |
1.26%
2,509,615
|
$75,639,796,000 | 5.54% |
| APi Group Corporation |
1.25%
1,758,567
|
$66,174,876,000 | 4.84% |
| Affirm Holdings, Inc. |
30.73%
2,147,646
|
$64,880,386,000 | 4.75% |
| Procore Technologies, Inc. |
11.22%
953,380
|
$63,218,628,000 | 4.63% |
| Costar Group, Inc. |
4.36%
841,304
|
$62,374,279,000 | 4.57% |
| DoorDash Inc |
25.12%
561,708
|
$61,102,596,000 | 4.47% |
| Exact Sciences Corp. |
33.75%
1,418,591
|
$59,935,470,000 | 4.39% |
| Snowflake Inc. |
20.87%
441,232
|
$59,606,031,000 | 4.36% |
| HubSpot Inc |
1.26%
94,764
|
$55,890,860,000 | 4.09% |
| Affiliated Managers Group In |
Closed
328,745
|
$55,054,925,000 | |
| Global E Online Ltd |
1.27%
1,413,886
|
$51,281,645,000 | 3.75% |
| Godaddy Inc |
34.98%
359,675
|
$50,250,194,000 | 3.68% |
| Five Below Inc |
70.32%
441,331
|
$48,091,839,000 | 3.52% |
| Willscot Mobil Mini Hldng Co |
29.62%
1,224,569
|
$46,092,777,000 | 3.37% |
| Medpace Holdings Inc |
1.26%
109,416
|
$45,062,980,000 | 3.30% |
| Transdigm Group Incorporated |
24.12%
34,696
|
$44,327,957,000 | 3.25% |
| MongoDB Inc |
Opened
156,515
|
$39,122,489,000 | 2.86% |
| Roku Inc |
Closed
594,042
|
$38,713,717,000 | |
| Spotify Technology S.A. |
36.96%
123,274
|
$38,682,148,000 | 2.83% |
| Floor & Decor Holdings Inc |
27.66%
387,752
|
$38,546,426,000 | 2.82% |
| Veeva Sys Inc |
10.51%
210,606
|
$38,543,004,000 | 2.82% |
| Kinsale Cap Group Inc |
Opened
89,677
|
$34,550,755,000 | 2.53% |
| Nutanix Inc |
Closed
500,570
|
$30,895,180,000 | |
| Palo Alto Networks Inc |
21.60%
83,545
|
$28,322,590,000 | 2.07% |
| Acv Auctions Inc |
Opened
1,545,889
|
$28,212,474,000 | 2.07% |
| No transactions found | |||
| Showing first 500 out of 28 holdings | |||
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