Spinecap SAS — 13F Holdings & Portfolio
CIK 2011727 · latest 13F-HR filed 2026-05-15
Spinecap SAS manages $272.5M in 13F-reported U.S. long-equity assets across 15 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are APO (13.27%), MA (13.25%), TMO (12.54%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 3 new positions, exited 1, added to 2, and trimmed 8.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$272.5M
Long-equity book
15
Distinct positions
2026-03-31
Filed 2026-05-15
+3 / −1 / ↑2 / ↓8
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- MASTERCARD INC$16.1M +80.3%
- APOLLO GLOBAL MGMT INC$4.2M +13.2%
Top Trims
- ALPHABET INC-$9.0M -21.9%
- THERMO FISHER SCIENTIFIC INC-$6.4M -15.8%
- DANAHER CORP-$2.4M -20.2%
- VISA INC-$2.0M -17.3%
- SYNOPSYS INC-$2.0M -17.3%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | APOLLO GLOBAL MGMT INC | APO | 03769M106 | $36.2M | 13.27% | 324,580 | SH |
| 2 | MASTERCARD INC | MA | 57636Q104 | $36.1M | 13.25% | 72,272 | SH |
| 3 | THERMO FISHER SCIENTIFIC INC | TMO | 883556102 | $34.2M | 12.54% | 69,508 | SH |
| 4 | ALPHABET INC | GOOGL | 02079K305 | $32.0M | 11.74% | 111,279 | SH |
| 5 | MICROSOFT CORP | MSFT | 594918104 | $31.3M | 11.50% | 84,648 | SH |
| 6 | KKR & CO INC | KKR | 48251W104 | $14.8M | 5.44% | 160,400 | SH |
| 7 | BLACKSTONE INC | BX | 09260D107 | $10.4M | 3.82% | 90,534 | SH |
| 8 | AMAZON COM INC | AMZN | 023135106 | $10.0M | 3.68% | 48,110 | SH |
| 9 | BLACKROCK INC | BLK | 09290D101 | $9.9M | 3.65% | 10,336 | SH |
| 10 | BROADCOM INC | AVGO | 11135F101 | $9.9M | 3.63% | 31,997 | SH |
| 11 | TRANSDIGM GROUP INC | TDG | 893641100 | $9.8M | 3.60% | 8,466 | SH |
| 12 | INTERCONTINENTAL EXCHANGE IN | ICE | 45866F104 | $9.6M | 3.52% | 60,942 | SH |
| 13 | VISA INC | V | 92826C839 | $9.5M | 3.47% | 31,300 | SH |
| 14 | SYNOPSYS INC | SNPS | 871607107 | $9.4M | 3.44% | 23,666 | SH |
| 15 | DANAHER CORP | DHR | 235851102 | $9.4M | 3.44% | 49,425 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $272.5M | 15 | 0002011727-26-000005 |
| 2025-12-31 | 2026-02-19 | $232.6M | 13 | 0002011727-26-000004 |
| 2025-09-30 | 2026-02-19 | $227.2M | 13 | 0002011727-26-000003 |