Spinecap SAS

Q4 2025 13F-HR Holdings

Location
Paris, I0
Holdings as of
12/31/2025
Date filed
2/19/2026
Form type
13F-HR
Num holdings
13
Total value ($000)
$232,612
Net value change ($000)
+5,458 (2.4%)
New positions
2
Sold out positions
2
Turnover %
29.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/19/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
V 11,435 NEW
SNPS 11,347 NEW
MA 10,050 100.7%
APO 9,084 39.7%
TMO 4,956 13.9%
GOOGL 3,069 8.1%
AMZN 1,917 19.8%
TDG 1,725 17.9%
DHR 1,305 12.5%
AVGO 915 8.8%
Top Reduces (Value $000, Stocks/ETFs)
LRCX -35,490 -100.0%
AMAT -10,831 -100.0%
URI -2,485 -20.3%
BLK -898 -8.2%
BX -644 -5.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type