Spinecap SAS
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed February 19, 2026), Spinecap SAS reported 13 stock positions worth $227.2 million. Its top holding was Alphabet Class A (GOOGL) at 16.7% of the portfolio, followed by Thermo Fisher Scientific (TMO, 15.7%) and Lam Research (LRCX, 15.6%). Compared with Q2 2025, it opened 3 new positions, sold out of 2, added to 2 and reduced 3. The biggest buy was Apollo Global Management (APO, shares +152%) and the biggest sale an exit from KLA (KLAC).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0002011727
- Portfolio Value
- $227.2M (Q3 2025)
- SEC Filing
- 0002011727-26-000003 ↗ filed Feb 19, 2026
Holdings Value
Holdings 13 stocks · $227.2M
| GOOGL Alphabet Inc. Class A | 16.69% | 155,945 | $37.9M | Reduce -6.5% |
| TMO Thermo Fisher Scientific Inc. | 15.68% | 73,444 | $35.6M | No change |
| LRCX Lam Research Corp. | 15.62% | 265,049 | $35.5M | Reduce -20.4% |
| APO Apollo Global Management Inc. | 10.06% | 171,506 | $22.9M | Add +151.8% |
| URI United Rentals Inc. | 5.38% | 12,791 | $12.2M | Reduce -39.2% |
| BX Blackstone Inc. | 4.89% | 65,056 | $11.1M | No change |
| BLK BlackRock Inc. | 4.82% | 9,388 | $10.9M | No change |
| AMAT Applied Materials Inc. | 4.77% | 52,899 | $10.8M | No change |
| AVGO Broadcom Inc. | 4.59% | 31,625 | $10.4M | New |
| DHR Danaher Corp. | 4.59% | 52,654 | $10.4M | New |
| MA Mastercard Inc. Class A | 4.39% | 17,550 | $10.0M | Add +2.0% |
| AMZN Amazon.com Inc. | 4.26% | 44,053 | $9.7M | No change |
| TDG Transdigm Group Inc. | 4.25% | 7,322 | $9.6M | New |