Q4 2025 · 13F-HR
Spinecap SASholdings as filed
Filed 2026-02-19 · accession 0002011727-26-000004
$232.6M
Reported value
13
Positions
2025-12-31
Period end
The Brief · Spinecap SAS · Q4 2025
AI · grounded in 13F
Spinecap SAS exited its position in LRCX, reducing its exposure by $35.49M. The fund also closed its position in AMAT for $10.83M while establishing new stakes in V for $11.43M and SNPS for $11.35M. Additionally, the fund nearly doubled its share count in MA and increased its holding in APO by 28.65%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 02079K305 | GOOGL | ALPHABET INC | $41.0M | 17.6% | 130,922 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $40.6M | 17.4% | 70,028 | Common | SOLE |
| 03769M106 | APO | APOLLO GLOBAL MGMT INC | $31.9M | 13.7% | 220,649 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INC | $20.0M | 8.61% | 35,087 | Common | SOLE |
| 235851102 | DHR | DANAHER CORP | $11.7M | 5.05% | 51,267 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $11.6M | 4.98% | 50,211 | Common | SOLE |
| 92826C839 | V | VISA INC | $11.4M | 4.92% | 32,604 | Common | SOLE |
| 893641100 | TDG | TRANSDIGM GROUP INC | $11.4M | 4.89% | 8,553 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $11.3M | 4.88% | 32,789 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $11.3M | 4.88% | 24,157 | Common | SOLE |
| 09260D107 | BX | BLACKSTONE INC | $10.5M | 4.50% | 67,928 | Common | SOLE |
| 09290D101 | BLK | BLACKROCK INC | $10.0M | 4.32% | 9,388 | Common | SOLE |
| 911363109 | URI | UNITED RENTALS INC | $9.7M | 4.19% | 12,029 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.