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Spinecap SAS Portfolio holdings

AUM $335M
1-Year Est. Return 16.94%
This Fund
S&P 500
This Quarter Est. Return
+9.46%
1 Year Est. Return
+16.94%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$233M
AUM Growth
+$5.46M
Cap. Flow
-$14.3M
Cap. Flow %
-6.16%
Top 10 Hldgs %
86.99%
Holding
15
New
2
Increased
6
Reduced
4
Closed
2

Top Buys

Rank Stock Value
1
V icon
Visa
V
+$11.1M
2
SNPS icon
Synopsys
SNPS
+$10.7M
3
MA icon
Mastercard
MA
+$9.8M
4
APO icon
Apollo Global Management
APO
+$6.53M
5
TDG icon
TransDigm Group
TDG
+$1.61M

Top Sells

Rank Stock Value
1
LRCX icon
Lam Research
LRCX
+$35.5M
2
AMAT icon
Applied Materials
AMAT
+$10.8M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$7.15M
4
TMO icon
Thermo Fisher Scientific
TMO
+$1.93M
5
URI icon
United Rentals
URI
+$661K

Sector Composition

Rank Sector Weight
1 Financials 36.08%
2 Healthcare 22.49%
3 Communication Services 17.62%
4 Technology 9.76%
5 Industrials 9.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOOGL icon
1
Alphabet (Google) Class A
GOOGL
$4.12T
$41M 17.62%
130,922
-25,023
-16% -$7.15M
TMO icon
2
Thermo Fisher Scientific
TMO
$214B
$40.6M 17.44%
70,028
-3,416
-5% -$1.93M
APO icon
3
Apollo Global Management
APO
$69B
$31.9M 13.73%
220,649
+49,143
+29% +$6.53M
MA icon
4
Mastercard
MA
$498B
$20M 8.61%
35,087
+17,537
+100% +$9.8M
DHR icon
5
Danaher
DHR
$138B
$11.7M 5.05%
51,267
-1,387
-3% -$305K
AMZN icon
6
Amazon
AMZN
$2.44T
$11.6M 4.98%
50,211
+6,158
+14% +$1.41M
V icon
7
Visa
V
$701B
$11.4M 4.92%
+32,604
New +$11.1M
TDG icon
8
TransDigm Group
TDG
$70.7B
$11.4M 4.89%
8,553
+1,231
+17% +$1.61M
AVGO icon
9
Broadcom
AVGO
$1.76T
$11.3M 4.88%
32,789
+1,164
+4% +$416K
SNPS icon
10
Synopsys
SNPS
$71.6B
$11.3M 4.88%
+24,157
New +$10.7M
BX icon
11
Blackstone
BX
$104B
$10.5M 4.5%
67,928
+2,872
+4% +$436K
BLK icon
12
Blackrock
BLK
$167B
$10M 4.32%
9,388
– –
URI icon
13
United Rentals
URI
$65.7B
$9.74M 4.19%
12,029
-762
-6% -$661K
AMAT icon
14
Applied Materials
AMAT
$347B
– –
-52,899
Closed -$10.8M
LRCX icon
15
Lam Research
LRCX
$316B
– –
-265,049
Closed -$35.5M

Similar funds

RWI
Red Wave Investments Dillsburg, Pennsylvania $335M AUM 15.13% 1-Year Est. Return
PCM
Passive Capital Management Baltimore, Maryland $335M AUM 12.6% 1-Year Est. Return
HGA
Hobbs Group Advisors Columbia, South Carolina $334M AUM 18.64% 1-Year Est. Return
MAM
Montanaro Asset Management London, United Kingdom $334M AUM 12.52% 1-Year Est. Return
PHWM
Pine Harbor Wealth Management Silver Spring, Maryland $334M AUM 14.59% 1-Year Est. Return
PMA
Prudent Man Advisors Naperville, Illinois $334M AUM 20.3% 1-Year Est. Return
HFS
Haverford Financial Services Radnor, Pennsylvania $336M AUM 20.46% 1-Year Est. Return
VFIC
Valley Forge Investment Consultants Audubon, Pennsylvania $334M AUM 17.84% 1-Year Est. Return

Spinecap SAS's Q4 2025 Portfolio in Review

As of Q4 2025, Spinecap SAS held 15 positions worth $233M, up 2.4% from $227M the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Spinecap SAS withdrew a net $14.3M in Q4 2025, closing 2 positions and reducing 4 holdings. Its most notable exit was Lam Research, an estimated $35.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 36% of assets, up from 24% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Spinecap SAS opened a new position in Visa worth $11.4M.

  • Spinecap SAS's largest Q4 2025 buy was Visa: 32,604 shares worth $11.4M.
  • Spinecap SAS added most to Mastercard in Q4 2025, an estimated $9.8M increase.
  • Spinecap SAS's biggest Q4 2025 reduction was Alphabet (Google) Class A, cutting an estimated $7.15M.
  • Spinecap SAS fully exited Lam Research in Q4 2025, selling an estimated $35.5M.
  • Spinecap SAS's ten largest holdings make up 87% of its $233M portfolio in Q4 2025.
  • Spinecap SAS opened 2 new positions and closed 2 in Q4 2025.
  • Spinecap SAS's portfolio value rose 2.4% quarter-over-quarter to $233M.

Based on Spinecap SAS's 13F filing for Q4 2025, filed 19 Feb 2026.