13F HOLDINGS REPORT
Spence Asset Management
Quarter ended Q2 2025 · Filed July 11, 2025 · Accession 0001729269-25-000008
Total Value
$489,158
Positions
40
Other Managers
0
Confidential Omitted
No
Holdings (40)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VISA INC COM CL A | V | 115,623 | $41,052 | 8.39% |
| 2 | MASTERCARD INCORPORATED CL A | MA | 69,406 | $39,002 | 7.97% |
| 3 | AMAZON COM INC COM | AMZN | 141,093 | $30,954 | 6.33% |
| 4 | INTUITIVE SURGICAL INC COM NEW | ISRG | 54,391 | $29,557 | 6.04% |
| 5 | MICROSOFT CORP COM | MSFT | 59,197 | $29,445 | 6.02% |
| 6 | GOLDMAN SACHS GROUP INC COM | GSCE | 40,830 | $28,897 | 5.91% |
| 7 | TYLER TECHNOLOGIES INC COM | TYL | 46,795 | $27,741 | 5.67% |
| 8 | SERVICENOW INC COM | NOW | 24,176 | $24,855 | 5.08% |
| 9 | IDEXX LABS INC COM | 45168D104 | 45,745 | $24,535 | 5.02% |
| 10 | ALPHABET INC CAP STK CL C | GOOG | 124,836 | $22,145 | 4.53% |
| 11 | SAMSARA INC COM CL A | IOT | 520,590 | $20,710 | 4.23% |
| 12 | GUIDEWIRE SOFTWARE INC COM | GWRE | 78,430 | $18,466 | 3.78% |
| 13 | NETFLIX INC COM | NFLX | 13,270 | $17,770 | 3.63% |
| 14 | WAYSTAR HLDG CORP COM | WAY | 420,081 | $17,169 | 3.51% |
| 15 | MSCI INC COM | MSCI | 23,125 | $13,337 | 2.73% |
| 16 | FAIR ISAAC CORP COM | FICO | 6,817 | $12,461 | 2.55% |
| 17 | VERTEX INC CL A | VERX | 339,308 | $11,990 | 2.45% |
| 18 | SALESFORCE INC COM | CRM | 42,386 | $11,558 | 2.36% |
| 19 | UNIVERSAL TECHNICAL INST INC COM | UTI | 307,591 | $10,424 | 2.13% |
| 20 | SPDR PORTFOLIO S&P 500 ETF | 78464A854 | 141,826 | $10,310 | 2.11% |
| 21 | THE TRADE DESK INC COM CL A | 88339J105 | 132,100 | $9,510 | 1.94% |
| 22 | ARCH CAP GROUP LTD ORD | G0450A105 | 96,534 | $8,789 | 1.80% |
| 23 | TEXAS PACIFIC LAND CORPORATION COM | TPL | 6,797 | $7,180 | 1.47% |
| 24 | TEMPUS AI INC CL A | TEM | 73,283 | $4,656 | 0.95% |
| 25 | TR ACTIVEBETA US SMALL CAP EQUITY ETF | NVGLF | 38,107 | $2,615 | 0.53% |
| 26 | SPDR S&P CAPITAL MARKETS ETF | 78464A771 | 16,901 | $2,450 | 0.50% |
| 27 | VANGUARD REAL ESTATE ETF | 922908553 | 26,192 | $2,333 | 0.48% |
| 28 | ISHARES U.S. REGIONAL BANKS ETF | 464288778 | 39,538 | $1,959 | 0.40% |
| 29 | ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF | 464287515 | 13,216 | $1,447 | 0.30% |
| 30 | ISHARES U.S. CONSUMER DISCRETIONARY ETF | 464287580 | 11,879 | $1,184 | 0.24% |
| 31 | SPDR S&P 500 ETF TRUST | SPY | 1,904 | $1,176 | 0.24% |
| 32 | ISHARES U.S. INDUSTRIALS ETF | 464287754 | 8,212 | $1,169 | 0.24% |
| 33 | VANGUARD CORE PLUS BOND ETF | 922020755 | 9,661 | $752 | 0.15% |
| 34 | ISHARES MSCI USA MOMENTUM FACTOR ETF | 46432F396 | 2,614 | $628 | 0.13% |
| 35 | VANGUARD S&P 500 GROWTH ETF | 921932505 | 995 | $395 | 0.08% |
| 36 | ALPHABET INC CAP STK CL A | GOOG | 1,764 | $311 | 0.06% |
| 37 | ISHARES RUSSELL MIDCAP ETF | 464287499 | 1,943 | $179 | 0.04% |
| 38 | SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | 78468R663 | 367 | $34 | 0.01% |
| 39 | ISHARES ASIA 50 ETF | 464288430 | 1,233 | $10 | 0.00% |
| 40 | ISHARES EXPANDED TECH SECTOR ETF | 464287549 | 3 | $3 | 0.00% |