Institutional Manager · CIK 0002011727
Spinecap SAS
PARIS, I0 · File #028-23756
Latest AUM
$192.2M
Positions
12
Top-10 Concentration
87.0%
Filings
3
Portfolio Value Over Time
2025-12
2025-12
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | LAM RESEARCH CORP | LRCX | +332,999 | +$32.4M | $0 |
| REDUCE | APOLLO GLOBAL MGMT INC | 03769M106 | -152,543 | -$21.6M | -$653,120 |
| NEW | KLA CORP | KLAC | +18,735 | +$16.8M | $0 |
| EXITED | DANAHER CORP | 235851102 | -51,267 | -$11.7M | $0 |
| EXITED | VISA INC | V | -32,604 | -$11.4M | $0 |
| EXITED | TRANSDIGM GROUP INC | TDG | -8,553 | -$11.4M | $0 |
| EXITED | BROADCOM INC | AVGO | -32,789 | -$11.3M | $0 |
| EXITED | SYNOPSYS INC | SNPS | -24,157 | -$11.3M | $0 |
| REDUCE | MASTERCARD INCORPORATED | MA | -17,879 | -$10.0M | -$322,449 |
| NEW | KKR AND CO INC | KKRT | +72,961 | +$9.7M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202513 pos · $232.6M
- 13F HOLDINGS REPORTQ/E Dec 202513 pos · $227.2M
- 13F HOLDINGS REPORTQ/E Dec 202512 pos · $192.2M
Top 13 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ALPHABET INC | GOOG | 130,922 | $41.0M | 17.62% |
| 2 | THERMO FISHER SCIENTIFIC INC | TMO | 70,028 | $40.6M | 17.44% |
| 3 | APOLLO GLOBAL MGMT INC | 03769M106 | 220,649 | $31.9M | 13.73% |
| 4 | MASTERCARD INC | MA | 35,087 | $20.0M | 8.61% |
| 5 | DANAHER CORP | 235851102 | 51,267 | $11.7M | 5.05% |
| 6 | AMAZON COM INC | AMZN | 50,211 | $11.6M | 4.98% |
| 7 | VISA INC | V | 32,604 | $11.4M | 4.92% |
| 8 | TRANSDIGM GROUP INC | TDG | 8,553 | $11.4M | 4.89% |
| 9 | BROADCOM INC | AVGO | 32,789 | $11.3M | 4.88% |
| 10 | SYNOPSYS INC | SNPS | 24,157 | $11.3M | 4.88% |
| 11 | BLACKSTONE INC | BX | 67,928 | $10.5M | 4.50% |
| 12 | BLACKROCK INC | BLK | 9,388 | $10.0M | 4.32% |
| 13 | UNITED RENTALS INC | URI | 12,029 | $9.7M | 4.19% |