The fund sold 456,805 Klaviyo shares in Q1, cutting its stake to zero as the stock underperformed the S&P 500 by over 80%.
Glynn Capital Management sold its entire 456,805-share stake in Klaviyo during the first quarter, a $9.80 million transaction based on average pricing. The move came before Klaviyo’s stock dropped 32% post-earnings, extending its 53% decline over the past year.
Klaviyo’s shares closed at $15.77 on May 7, 2026, lagging the S&P 500’s 30% gain in the same period. The fund’s quarter-end position in Klaviyo fell to zero, with the value decline totaling $14.83 million due to both the sale and stock price movement.
Glynn Capital’s top holdings after the filing included Oscillocade at $29.7 million, Taiwan Semiconductor at $21.1 million, and Vertiv at $17.9 million.