Spyglass Capital Boosts Stake in nCino

Hedge fund increases ownership in financial software company by 36%

Mar. 14, 2026 at 11:08am

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Spyglass Capital Management LLC, a hedge fund, has increased its stake in nCino Inc. (NASDAQ:NCNO) by 36% during the third quarter. The firm now owns approximately 2.15 million shares, or 1.86% of the company's outstanding stock, valued at over $58 million.

Why it matters

nCino is a leading provider of cloud-based banking software, and its growth has attracted significant investor interest. Spyglass Capital's increased stake signals their confidence in the company's long-term prospects, as financial institutions continue to modernize their technology infrastructure.

The details

According to a recent SEC filing, Spyglass Capital Management added 569,166 shares of nCino during the third quarter, bringing its total position to 2,149,090 shares. This represents a 36% increase in the hedge fund's ownership of the company. nCino, which provides a cloud-based banking operating system, has seen its stock price fluctuate in recent months as the broader technology sector has experienced volatility.

  • Spyglass Capital Management increased its stake in nCino during the 3rd quarter of 2026.

The players

Spyglass Capital Management LLC

A hedge fund that has increased its ownership stake in nCino Inc. to approximately 1.86% of the company's outstanding shares.

nCino Inc.

A provider of cloud-based banking software that has attracted significant investor interest due to its growth potential.

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The takeaway

Spyglass Capital's increased investment in nCino reflects the hedge fund's confidence in the company's long-term growth prospects as financial institutions continue to modernize their technology infrastructure. This move highlights the ongoing investor interest in nCino and the broader fintech sector.