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
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | APO | APOLLO GLOBAL MGMT INC | $128.03 | -0.30% | -2.53% | 140.69% | $36.2M | 13.27% | +103,931 | +47.1% |
| 2 | MA | MASTERCARD INC | $491.08 | 1.93% | -16.29% | 31.00% | $36.1M | 13.25% | +37,185 | +106.0% |
| 3 | TMO | THERMO FISHER SCIENTIFIC INC | $472.80 | -1.91% | 18.07% | -11.30% | $34.2M | 12.54% | −520 | −0.7% |
| 4 | GOOGL | ALPHABET INC | $368.53 | -0.98% | 112.92% | 175.80% | $32.0M | 11.74% | −19,643 | −15.0% |
| 5 | MSFT | MICROSOFT CORP | $416.67 | -2.66% | -10.71% | 52.39% | $31.3M | 11.50% | +84,648 | NEW |
| 6 | KKR | KKR & CO INC | $93.40 | -2.16% | -23.81% | 52.81% | $14.8M | 5.44% | +160,400 | NEW |
| 7 | BX | BLACKSTONE INC | $115.35 | -2.70% | -14.89% | 18.68% | $10.4M | 3.82% | +22,606 | +33.3% |
| 8 | AMZN | AMAZON COM INC | $246.03 | -3.06% | 15.20% | 47.87% | $10.0M | 3.68% | −2,101 | −4.2% |
| 9 | BLK | BLACKROCK INC | $995.60 | -2.64% | 3.32% | 29.52% | $9.9M | 3.65% | +948 | +10.1% |
| 10 | AVGO | BROADCOM INC | $385.73 | -7.92% | 57.48% | 771.51% | $9.9M | 3.63% | −792 | −2.4% |
| 11 | TDG | TRANSDIGM GROUP INC | $1240.46 | 0.14% | -9.69% | 132.48% | $9.8M | 3.60% | −87 | −1.0% |
| 12 | ICE | INTERCONTINENTAL EXCHANGE IN | $141.50 | -0.39% | -19.88% | 25.58% | $9.6M | 3.52% | +60,942 | NEW |
| 13 | V | VISA INC | $323.57 | 1.06% | -11.91% | 36.33% | $9.5M | 3.47% | −1,304 | −4.0% |
| 14 | SNPS | SYNOPSYS INC | $464.85 | -5.99% | -4.35% | 61.41% | $9.4M | 3.44% | −491 | −2.0% |
| 15 | DHR | DANAHER CORP | $184.30 | -1.25% | -5.33% | -28.54% | $9.4M | 3.44% | −1,842 | −3.6% |
| 16 | URI | UNITED RENTALS INC | $1067.77 | -1.55% | 52.37% | 235.99% | — | — | −12,029 | EXITED |
Source: SEC EDGAR · accession 0002011727-26-000005. 13F discloses long positions only — shorts, foreign equities, and options are excluded.