Dakota began working with Spyglass Capital Management from its inception in October 2015. Prior to the launch of Spyglass, Dakota had worked closely with Jim Robillard (Founder & CIO) through our partnership with Edgewood Management — Jim's predecessor firm, where he spent over a decade on the investment team.
We're grateful for our relationship with Spyglass and the opportunity to help grow firm assets to over $1.4 billion, with $838.5 million in the mutual fund (as of March 31, 2026).
Spyglass manages a single strategy with approximately $1.4 billion in assets (as of March 31, 2026), available via mutual fund, separately managed account, and a UCITS vehicle.
The firm has eleven employees, including three Research Analysts who work with Jim Robillard on the investment team. Spyglass's portfolio is comprised of 25 rapidly growing, high-quality U.S. companies operating across a wide array of industries that are experiencing secular growth trends.
*As of March 31, 2026
The Spyglass Growth Strategy is a fixed, 25-stock portfolio. This discipline challenges the team's conviction in every single stock and forces difficult decisions when it comes time to sell. Spyglass's portfolio businesses share common traits: they operate in secular growth industries, they're run by outstanding entrepreneurial management teams, and they enjoy market-leading competitive advantages. Spyglass prefers companies that have recurring revenues and that can fund their operations from the cash they generate.
Spyglass has a strict limit of 7% of invested capital in any one company and 25% in any one sub-industry group. One of the keys to Spyglass's framework for portfolio construction is to adjust position sizes in coordination with internally calculated, risk-adjusted, present values. Spyglass further diversifies across revenue growth rates and the relative maturity of the thesis.
Spyglass was launched in 2015 and Jim Robillard has been researching and investing in growth businesses for nearly 20 years. Jim draws on his experience as a fundamental investment analyst and applies the process and portfolio construction techniques he developed at Edgewood.
Deep, fundamental research on a limited number of stocks allows the team to leverage its conviction. Spyglass applies the same approach year after year.
Managing risk in a high-growth portfolio is a key element of Spyglass's long-term success. The single-strategy focus and tight constraints (7% per name, 25% per sub-industry) keep the team disciplined.
Jim and the Spyglass team have a true passion for investing and identifying unique businesses in secular growth areas of the economy — driven to consistently improve and deliver long-term, risk-adjusted, excess performance.
Reach out to Andrew O'Shea to learn more about Spyglass and to set up a conversation with Jim Robillard.
Dakota partners with a select group of boutique investment managers across long-only equity, private alternatives, and private placement.
