Spence Asset Management
- SEC CIK
- 0001729269
- Latest filing
- Jul 15, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Jan 9, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 43
- +6 vs. Q3 2025
- Portfolio value
- $489.4M
- +$10.7M (+2.2%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| VVisa Inc. | Stock | 112,666 | $39.5M | 8.1% | −3,815−3.3% | Reduced | History |
| MAMastercard Inc | Stock | 68,124 | $38.9M | 7.9% | −1,030−1.5% | Reduced | History |
| GOOGAlphabet Inc. | Stock | 118,860 | $37.3M | 7.6% | −4,834−3.9% | Reduced | History |
| AMZNAmazon Com Inc | Stock | 139,093 | $32.1M | 6.6% | −3,667−2.6% | Reduced | History |
| ISRGIntuitive Surgical Inc | COM NEW | 54,650 | $31.0M | 6.3% | −727−1.3% | Reduced | History |
| GSGoldman Sachs Group Inc | Stock | 33,232 | $29.2M | 6.0% | −303−0.9% | Reduced | History |
| MSFTMicrosoft Corp | Stock | 58,903 | $28.5M | 5.8% | −1,068−1.8% | Reduced | History |
| IDXXIDEXX Laboratories Inc | COM | 30,690 | $20.8M | 4.2% | −451−1.4% | Reduced | History |
| NVDANVIDIA Corp | Stock | 104,568 | $19.5M | 4.0% | +104,568 | New | History |
| NOWServiceNow, Inc. | Stock | 121,560 | $18.6M | 3.8% | −2,220−1.8% | ReducedConverted for a 5-for-1 split | History |
| TYLTyler Technologies Inc | COM | 40,091 | $18.2M | 3.7% | +12,955+47.7% | Added | History |
| IOTSamsara Inc. | Stock | 510,821 | $18.1M | 3.7% | −14,866−2.8% | Reduced | History |
| GWREGuidewire Software, Inc. | COM | 77,789 | $15.6M | 3.2% | −1,058−1.3% | Reduced | History |
| PLDPrologis, Inc. | REIT | 111,872 | $14.3M | 2.9% | +111,872 | New | History |
| State Street SPDR Portfolio S&P 500 ETF78464A854 | ETF | 174,318 | $14.0M | 2.9% | +25,456+17.1% | Added | – |
| UBERUber Technologies, Inc | Stock | 158,656 | $13.0M | 2.6% | −622−0.4% | Reduced | History |
| NFLXNetflix Inc | Stock | 137,419 | $12.9M | 2.6% | +1,879+1.4% | AddedConverted for a 10-for-1 split | History |
| BSXBoston Scientific Corp | Stock | 134,688 | $12.8M | 2.6% | −6,655−4.7% | Reduced | History |
| MELIMercadolibre Inc | COM | 5,051 | $10.2M | 2.1% | −447−8.1% | Reduced | History |
| PLTRPalantir Technologies Inc. | Stock | 53,371 | $9.49M | 1.9% | +53,371 | New | History |
| ACGLArch Capital Group Ltd. | Stock | 94,130 | $9.03M | 1.8% | −4,327−4.4% | Reduced | History |
| UTIUniversal Technical Institute Inc | COM | 307,809 | $8.04M | 1.6% | −9,598−3.0% | Reduced | History |
| TPLTexas Pacific Land Corp | Stock | 19,789 | $5.68M | 1.2% | −1,655−7.7% | ReducedConverted for a 3-for-1 split | History |
| TEMTempus AI, Inc. | CL A | 72,505 | $4.28M | 0.9% | +103+0.1% | Added | History |
| HOODRobinhood Markets, Inc. | Stock | 36,641 | $4.14M | 0.8% | +36,641 | New | History |
| Goldman Sachs ETF Tr381430602 | ACTIVEBETA US | 47,295 | $3.58M | 0.7% | +6,405+15.7% | Added | – |
| Invesco Exch Traded FD Tr II46138E222 | S&P INTL MOMNT | 59,169 | $3.29M | 0.7% | +59,169 | New | – |
| SPYSPDR S&P 500 ETF Trust | ETF | 4,513 | $3.08M | 0.6% | +2,634+140.2% | Added | History |
| iShares MSCI USA Momentum Factor ETF46432F396 | ETF | 11,858 | $2.97M | 0.6% | +2,800+30.9% | Added | – |
| iShares Tr464287515 | EXPANDED TECH | 24,145 | $2.55M | 0.5% | +10,282+74.2% | Added | – |
| iShares Tr464287754 | US INDUSTRIALS | 16,295 | $2.41M | 0.5% | +306+1.9% | Added | – |
| Vanguard Real Estate ETF922908553 | ETF | 20,624 | $1.82M | 0.4% | +3,044+17.3% | Added | – |
| Kraneshares Trust500767363 | PUBLIC-PRIVATE A | 43,752 | $1.59M | 0.3% | +43,752 | New | – |
| Vanguard Malvern FDS922020755 | CORE-PLUS BD ETF | 10,666 | $833.0K | 0.2% | +924+9.5% | Added | – |
| GOOGLAlphabet Inc. | Stock | 1,878 | $588.0K | 0.1% | +114+6.5% | Added | History |
| Vanguard S&P 500 ETF922908363 | ETF | 771 | $484.0K | 0.1% | +771 | New | – |
| Vanguard S&P 500 Growth ETF921932505 | ETF | 918 | $408.0K | 0.1% | +918 | New | – |
| Direxion Shares ETF Trust25459Y207 | NASDAQ 100 EQ WT | 2,152 | $220.0K | <0.1% | +2,152 | New | – |
| iShares Russell Midcap ETF464287499 | ETF | 1,943 | $187.0K | <0.1% | 00.0% | Unchanged | – |
| VanEck Vectors ETF Tr92189H839 | SOCIAL SENTIMENT | 3,768 | $122.0K | <0.1% | +3,768 | New | – |
| iShares Tr464288430 | ASIA 50 ETF | 1,233 | $120.0K | <0.1% | +1,233 | New | – |
| CRMSalesforce, Inc. | Stock | 229 | $61.0K | <0.1% | +229 | New | History |
| State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663 | ETF | 305 | $28.0K | <0.1% | +305 | New | – |
Sold out since Q3 2025 (7)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| WAYWaystar Holding Corp. | COM | 420,897 | $16.0M | 3.3% | History |
| FICOFair Isaac Corp | COM | 7,008 | $10.5M | 2.2% | History |
| SPOTSpotify Technology S.A. | Stock | 12,914 | $9.01M | 1.9% | History |
| VERXVertex, Inc. | Stock | 337,013 | $8.36M | 1.7% | History |
| iShares Tr464287580 | US CONSUM DISCRE | 12,578 | $1.32M | 0.3% | – |
| SPDR Series Trust78464A771 | ST STR SP CAPMKT | 17,670 | $270.0K | 0.1% | – |
| WisdomTree Tr97717X701 | EUROPE HEDGED EQ | 2,933 | $148.0K | <0.1% | – |