13F HOLDINGS REPORT
Spence Asset Management
Quarter ended Q4 2025 · Filed January 9, 2026 · Accession 0001729269-26-000002
Total Value
$489.4M
Positions
43
Other Managers
0
Confidential Omitted
No
Holdings (43)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VISA INC COM CL A | V | 112,666 | $39,513 | 8.07% |
| 2 | MASTERCARD INCORPORATED CL A | MA | 68,124 | $38,891 | 7.95% |
| 3 | ALPHABET INC CAP STK CL C | GOOG | 118,860 | $37,298 | 7.62% |
| 4 | AMAZON COM INC COM | AMZN | 139,093 | $32,105 | 6.56% |
| 5 | INTUITIVE SURGICAL INC COM NEW | ISRG | 54,650 | $30,952 | 6.32% |
| 6 | GOLDMAN SACHS GROUP INC COM | GSCE | 33,232 | $29,211 | 5.97% |
| 7 | MICROSOFT CORP COM | MSFT | 58,903 | $28,487 | 5.82% |
| 8 | IDEXX LABS INC COM | 45168D104 | 30,690 | $20,763 | 4.24% |
| 9 | NVIDIA CORPORATION COM | NVDA | 104,568 | $19,502 | 3.98% |
| 10 | SERVICENOW INC COM | NOW | 121,560 | $18,622 | 3.80% |
| 11 | TYLER TECHNOLOGIES INC COM | TYL | 40,091 | $18,199 | 3.72% |
| 12 | SAMSARA INC COM CL A | IOT | 510,821 | $18,109 | 3.70% |
| 13 | GUIDEWIRE SOFTWARE INC COM | GWRE | 77,789 | $15,636 | 3.19% |
| 14 | PROLOGIS INC. COM | PLDGP | 111,872 | $14,282 | 2.92% |
| 15 | STATE STREET SPDR PORTFOLIO S&P 500 ETF | 78464A854 | 174,318 | $13,984 | 2.86% |
| 16 | UBER TECHNOLOGIES INC COM | UBER | 158,656 | $12,964 | 2.65% |
| 17 | NETFLIX INC COM | NFLX | 137,419 | $12,884 | 2.63% |
| 18 | BOSTON SCIENTIFIC CORP COM | BSX | 134,688 | $12,843 | 2.62% |
| 19 | MERCADOLIBRE INC COM | MELI | 5,051 | $10,174 | 2.08% |
| 20 | PALANTIR TECHNOLOGIES INC CL A | PLTR | 53,371 | $9,487 | 1.94% |
| 21 | ARCH CAP GROUP LTD ORD | G0450A105 | 94,130 | $9,029 | 1.84% |
| 22 | UNIVERSAL TECHNICAL INST INC COM | UTI | 307,809 | $8,043 | 1.64% |
| 23 | TEXAS PACIFIC LAND CORPORATION COM | TPL | 19,789 | $5,684 | 1.16% |
| 24 | TEMPUS AI INC CL A | TEM | 72,505 | $4,281 | 0.87% |
| 25 | ROBINHOOD MKTS INC COM CL A | 770700102 | 36,641 | $4,144 | 0.85% |
| 26 | TR ACTIVEBETA US SMALL CAP EQUITY ETF | NVGLF | 47,295 | $3,577 | 0.73% |
| 27 | INVESCO S&P INTERNATIONAL DEVELOPED MOMENTUM ETF | IVZ | 59,169 | $3,288 | 0.67% |
| 28 | SPDR S&P 500 ETF TRUST | SPY | 4,513 | $3,078 | 0.63% |
| 29 | ISHARES MSCI USA MOMENTUM FACTOR ETF | 46432F396 | 11,858 | $2,968 | 0.61% |
| 30 | ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF | 464287515 | 24,145 | $2,552 | 0.52% |
| 31 | ISHARES U.S. INDUSTRIALS ETF | 464287754 | 16,295 | $2,414 | 0.49% |
| 32 | VANGUARD REAL ESTATE ETF | 922908553 | 20,624 | $1,825 | 0.37% |
| 33 | KRANESHARES ARTIFICIAL INTELLIGENCE & TECHNOLOGY ETF | 500767363 | 43,752 | $1,588 | 0.32% |
| 34 | VANGUARD CORE PLUS BOND ETF | 922020755 | 10,666 | $833 | 0.17% |
| 35 | ALPHABET INC CAP STK CL A | GOOG | 1,878 | $588 | 0.12% |
| 36 | VANGUARD S&P 500 ETF | 922908363 | 771 | $484 | 0.10% |
| 37 | VANGUARD S&P 500 GROWTH ETF | 921932505 | 918 | $408 | 0.08% |
| 38 | DIREXION NASDAQ-100 EQUAL WEIGHTED INDEX SHARES | 25459Y207 | 2,152 | $220 | 0.04% |
| 39 | ISHARES RUSSELL MIDCAP ETF | 464287499 | 1,943 | $187 | 0.04% |
| 40 | VANECK SOCIAL SENTIMENT ETF | 92189H839 | 3,768 | $122 | 0.02% |
| 41 | ISHARES ASIA 50 ETF | 464288430 | 1,233 | $120 | 0.02% |
| 42 | SALESFORCE INC COM | CRM | 229 | $61 | 0.01% |
| 43 | STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | 78468R663 | 305 | $28 | 0.01% |