Institutional
Spinecap SAS
CIK 0002011727
$272.5M
Reported AUM
15
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Spinecap SAS · Q1 2026
AI · grounded in 13F
Spinecap SAS established a new position in MSFT valued at $31.3M. The fund also opened new stakes in KKR for $14.8M and ICE for $9.6M. On the sell side, the fund closed its entire position in URI, reducing its exposure by $9.7M. Additionally, the fund increased its holdings in MA by 105.9% and APO by 47.1%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Ticker | Issuer | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|
| 1 | APO | APOLLO GLOBAL MGMT INC | $36.2M | 13.27% | +103,931 | +47.1% |
| 2 | MA | MASTERCARD INC | $36.1M | 13.25% | +37,185 | +106.0% |
| 3 | TMO | THERMO FISHER SCIENTIFIC INC | $34.2M | 12.54% | -520 | -0.7% |
| 4 | GOOGL | ALPHABET INC | $32.0M | 11.74% | -19,643 | -15.0% |
| 5 | MSFT | MICROSOFT CORP | $31.3M | 11.50% | +84,648 | NEW |
| 6 | KKR | KKR & CO INC | $14.8M | 5.44% | +160,400 | NEW |
| 7 | BX | BLACKSTONE INC | $10.4M | 3.82% | +22,606 | +33.3% |
| 8 | AMZN | AMAZON COM INC | $10.0M | 3.68% | -2,101 | -4.2% |
| 9 | BLK | BLACKROCK INC | $9.9M | 3.65% | +948 | +10.1% |
| 10 | AVGO | BROADCOM INC | $9.9M | 3.63% | -792 | -2.4% |
| 11 | TDG | TRANSDIGM GROUP INC | $9.8M | 3.60% | -87 | -1.0% |
| 12 | ICE | INTERCONTINENTAL EXCHANGE IN | $9.6M | 3.52% | +60,942 | NEW |
| 13 | V | VISA INC | $9.5M | 3.47% | -1,304 | -4.0% |
| 14 | SNPS | SYNOPSYS INC | $9.4M | 3.44% | -491 | -2.0% |
| 15 | DHR | DANAHER CORP | $9.4M | 3.44% | -1,842 | -3.6% |
| 16 | URI | UNITED RENTALS INC | — | — | -12,029 | EXITED |
Source: SEC EDGAR · accession 0002011727-26-000005. 13F discloses long positions only — shorts, foreign equities, and options are excluded.