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Spinecap SAS

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13F filer, CIK 2011727, PARIS, France

Spinecap SAS reported $232,611,811 across 13 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-19. Its ten largest share positions make up 86.99% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0002011727-26-000004

Period
2025-12-31
Reported value
$233M
Holdings
13
Top 10 weight
86.99%
New
2
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
Vnew+32,604$11.4M
SNPSnew+24,157$11.3M
MAadded+17,537$10M
APOadded+49,143$7.11M
TDGadded+1,231$1.64M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
LRCXexited-265,049-$35.5M
AMATexited-52,899-$10.8M
GOOGLreduced-25,023-$7.83M
TMOreduced-3,416-$1.98M
URIreduced-762-$617K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0002011727-26-000004, largest first. % of portfolio is the value over $232,611,811, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: 166,761 shares; 2025Q3: 155,945 shares; 2025Q4: 130,922 shares 130,922$41M17.62%-25,023Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: 73,444 shares; 2025Q3: 73,444 shares; 2025Q4: 70,028 shares 70,028$40.6M17.44%-3,416Timeline
APOAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: 68,106 shares; 2025Q3: 171,506 shares; 2025Q4: 220,649 shares 220,649$31.9M13.73%+49,143Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: 17,208 shares; 2025Q3: 17,550 shares; 2025Q4: 35,087 shares 35,087$20M8.61%+17,537Timeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: not reported; 2025Q3: 52,654 shares; 2025Q4: 51,267 shares 51,267$11.7M5.05%-1,387Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: 44,053 shares; 2025Q3: 44,053 shares; 2025Q4: 50,211 shares 50,211$11.6M4.98%+6,158Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 32,604 shares 32,604$11.4M4.92%newTimeline
TDGTRANSDIGM GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: not reported; 2025Q3: 7,322 shares; 2025Q4: 8,553 shares 8,553$11.4M4.89%+1,231Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: not reported; 2025Q3: 31,625 shares; 2025Q4: 32,789 shares 32,789$11.3M4.88%+1,164Timeline
SNPSSYNOPSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 24,157 shares 24,157$11.3M4.88%newTimeline
BXBLACKSTONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: 65,056 shares; 2025Q3: 65,056 shares; 2025Q4: 67,928 shares 67,928$10.5M4.5%+2,872Timeline
BLKBLACKROCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: 9,388 shares; 2025Q3: 9,388 shares; 2025Q4: 9,388 shares 9,388$10M4.32%0Timeline
URIUNITED RENTALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not loaded; 2025Q1: not loaded; 2025Q2: 21,030 shares; 2025Q3: 12,791 shares; 2025Q4: 12,029 shares 12,029$9.74M4.19%-762Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
LRCXLAM RESEARCH CORP265,049$35.5Mshares
AMATAPPLIED MATLS INC52,899$10.8Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0002011727-26-000004 base2026-02-19acceptance time not in the bulk data set