Spyglass Capital Acquires $41M Stake in Fair Isaac

Institutional investor takes major position in analytics and AI software company

Mar. 14, 2026 at 11:08am

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Spyglass Capital Management LLC acquired a new stake of 27,673 shares in Fair Isaac Corporation (NYSE:FICO), the technology company behind the widely used FICO credit scoring system. The $41.41 million investment represents about 2.2% of Spyglass Capital's portfolio, making FICO the firm's 21st largest holding.

Why it matters

Fair Isaac is a leading provider of predictive analytics and decision management software, particularly in the financial services industry. The significant investment by Spyglass Capital signals confidence in FICO's business model and growth potential as the company continues to expand its AI-driven solutions for lenders and other clients.

The details

According to a recent 13F filing with the SEC, Spyglass Capital Management acquired the new stake in Fair Isaac during the third quarter. FICO shares have declined over the past year amid broader market volatility, providing an opportunity for the institutional investor to build a sizable position in the analytics firm.

  • Spyglass Capital acquired the 27,673 FICO shares in the third quarter of 2025.
  • Fair Isaac reported Q1 2026 earnings on January 28, 2026.

The players

Spyglass Capital Management LLC

An institutional investment firm that acquired a new $41.41 million stake in Fair Isaac Corporation.

Fair Isaac Corporation

A data analytics and software company best known for its FICO credit scoring system, which helps lenders assess consumer credit risk.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

Spyglass Capital's significant investment in Fair Isaac underscores the company's continued importance in the financial services industry as a leader in predictive analytics and AI-driven decision management solutions.