# Spyglass Capital Management, LLC

> Spyglass Capital Management, LLC is an SEC-registered investment advisory firm in Greenbrae, CA, registered since 2017, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 16, 2026.

- CRD: 281266
- Filed as: SPYGLASS CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Greenbrae, CA
- Filing period: October 2026
- Form ADV filing dated: July 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/281266
- AdvisorCensus page: https://advisorcensus.com/firm/spyglass-capital-management-llc-greenbrae-ca-281266

## Quick answers

**How is Spyglass Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Spyglass Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Spyglass Capital Management, LLC located?**
Spyglass Capital Management, LLC's principal office is in Greenbrae, CA, according to its Form ADV.

**Is Spyglass Capital Management, LLC registered with the SEC or a state?**
Spyglass Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 281266.

**How much does Spyglass Capital Management, LLC manage?**
Spyglass Capital Management, LLC reports $2,017,152,259 in regulatory assets under management in its Form ADV filing dated July 16, 2026 (100% discretionary).

**How have Spyglass Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Spyglass Capital Management, LLC: Regulatory assets under management: $3,308,907,850 in the October 2021 data and $2,017,152,259 in the October 2026 data, down 39%. Total employees: 9 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Spyglass Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (54); charitable organizations (8); corporations or other businesses not listed above (7).

**Which custodians does Spyglass Capital Management, LLC use?**
Spyglass Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Northern Trust Securities, Inc. and Royal Bank of Canada (Channel Islands) Limited as custodians holding 10% or more of its separately managed account assets.

**Does Spyglass Capital Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/281266

**What changed in Spyglass Capital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 5. Regulatory assets under management went from $1,790,990,184 to $2,017,152,259 (+13%). Registered or notice-filed in FL, NY, SD, TX.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Northern Trust Securities, Inc.
- Royal Bank of Canada (Channel Islands) Limited

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $2,017,152,259
- Discretionary: $2,017,152,259
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 54 | $329,098,925 |
| Investment companies | 1 | $1,158,588,200 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $394,148,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $1,520,548 |
| Charitable organizations | 8 | $28,604,715 |
| Other investment advisers | Fewer than 5 | $19,237,357 |
| Corporations or other businesses not listed above | 7 | $31,405,514 |
| Other | Fewer than 5 | $54,549,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2017 (8 years)
- Employees: 11 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, NY, SD, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [spyglassfunds.com](https://spyglassfunds.com)
- [spygx.com](https://spygx.com)
- LinkedIn @spyglass-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,308,907,850 | 9 | March 27, 2021 |
| October 2022 | $3,816,689,320 | 10 | September 19, 2022 |
| October 2023 | $1,258,397,043 | 10 | March 3, 2023 |
| October 2024 | $1,403,613,651 | 10 | March 26, 2024 |
| October 2025 | $1,790,990,184 | 10 | May 30, 2025 |
| October 2026 | $2,017,152,259 | 11 | July 16, 2026 |

Regulatory assets under management: $3,308,907,850 in the October 2021 data and $2,017,152,259 in the October 2026 data, down 39%.
Total employees: 9 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 5.
- Regulatory assets under management went from $1,790,990,184 to $2,017,152,259 (+13%).
- Registered or notice-filed in FL, NY, SD, TX.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Spyglass Capital Management, LLC (CRD 281266): Form ADV filing data as of October 2026.