Latest Spence Asset Management Stock Portfolio
$394Million
Equity Portfolio Value
Last Reported on: 08 Apr, 2024
About Spence Asset Management and it’s 13F Hedge Fund Stock Holdings
Spence Asset Management is a hedge fund based in LAS CRUCES, NM. On 01-Jun-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $482.9 Millions. In it's latest 13F Holdings report, Spence Asset Management reported an equity portfolio of $394.9 Millions as of 31 Mar, 2024.
The top stock holdings of Spence Asset Management are MA, V, MSFT. The fund has invested 8.4% of it's portfolio in MASTERCARD INCORPORATED CL A and 8.2% of portfolio in VISA INC COM CL A.
The fund managers got completely rid off DIREXION NASDAQ-100 EQUAL WEIGHTED INDEX SHARES (BRZU) and VEEVA SYS INC CL A COM (VEEV) stocks. They significantly reduced their stock positions in MEDPACE HLDGS INC COM (MEDP), ALPHABET INC CAP STK CL C (GOOG) and INVESCO QQQ TRUST SERIES I (QQQ). Spence Asset Management opened new stock positions in MSCI INC COM (MSCI) and APPFOLIO INC COM CL A (APPF). The fund showed a lot of confidence in some stocks as they added substantially to ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF (AGG), TEXAS PACIFIC LAND CORPORATION COM (TPL) and ALPHABET INC CAP STK CL A (GOOG).
The top stock holdings of Spence Asset Management are MA, V, MSFT. The fund has invested 8.4% of it's portfolio in MASTERCARD INCORPORATED CL A and 8.2% of portfolio in VISA INC COM CL A.
The fund managers got completely rid off DIREXION NASDAQ-100 EQUAL WEIGHTED INDEX SHARES (BRZU) and VEEVA SYS INC CL A COM (VEEV) stocks. They significantly reduced their stock positions in MEDPACE HLDGS INC COM (MEDP), ALPHABET INC CAP STK CL C (GOOG) and INVESCO QQQ TRUST SERIES I (QQQ). Spence Asset Management opened new stock positions in MSCI INC COM (MSCI) and APPFOLIO INC COM CL A (APPF). The fund showed a lot of confidence in some stocks as they added substantially to ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF (AGG), TEXAS PACIFIC LAND CORPORATION COM (TPL) and ALPHABET INC CAP STK CL A (GOOG).
New Buys
| Ticker | $ Bought |
|---|---|
| MSCI INC COM | 12,240,000 |
| APPFOLIO INC COM CL A | 9,170,000 |
New stocks bought by Spence Asset Management
Additions
| Ticker | % Inc. |
|---|---|
| ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF | 345 |
| TEXAS PACIFIC LAND CORPORATION COM | 207 |
| ALPHABET INC CAP STK CL A | 25.36 |
| ISHARES 1-3 YEAR TREASURY BOND ETF | 20.6 |
| SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF | 12.08 |
| VANGUARD REAL ESTATE ETF | 9.48 |
| SAMSARA INC COM CL A | 5.48 |
| GOLDMAN SACHS ACTIVEBETA U.S. SMALL CAP EQUITY ETF | 3.35 |
Additions to existing portfolio by Spence Asset Management
Reductions
| Ticker | % Reduced |
|---|---|
| MEDPACE HLDGS INC COM | -29.97 |
| ALPHABET INC CAP STK CL C | -8.46 |
| INVESCO QQQ TRUST SERIES I | -6.66 |
| INTUITIVE SURGICAL INC COM NEW | -5.6 |
| INVESCO WATER RESOURCES ETF | -1.52 |
| SPDR S&P 500 ETF TRUST | -0.94 |
| MICROSOFT CORP COM | -0.77 |
| MASTERCARD INCORPORATED CL A | -0.13 |
Spence Asset Management reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| DIREXION NASDAQ-100 EQUAL WEIGHTED INDEX SHARES | -93,000 |
| VEEVA SYS INC CL A COM | -85,000 |
Spence Asset Management got rid off the above stocks
Current Stock Holdings of Spence Asset Management
Last Reported on: 08 Apr, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options |
|---|---|---|---|---|---|---|---|
| ACWV | ISHARES MSCI MEXICO ETF | 0.12 | 6,872 | 476,000 | REDUCED | -0.09 | |
| ADBE | ADOBE INC COM | 4.82 | 37,700 | 19,026,000 | ADDED | 2.84 | |
| AGG | ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF | 0.44 | 20,592 | 1,756,000 | ADDED | 345 | |
| AGG | ISHARES 1-3 YEAR TREASURY BOND ETF | 0.14 | 6,708 | 549,000 | ADDED | 20.6 | |
| AGG | ISHARES RUSSELL MIDCAP ETF | 0.04 | 1,943 | 163,000 | UNCHANGED | 0.00 | |
| AGG | ISHARES CORE U.S. AGGREGATE BOND ETF | 0.01 | 601 | 59,000 | UNCHANGED | 0.00 | |
| AGZD | WISDOMTREE INDIA EARNINGS FUND | 0.12 | 10,391 | 453,000 | ADDED | 1.97 | |
| ANSS | ANSYS INC COM | 4.56 | 51,908 | 18,019,000 | ADDED | 0.61 | |
| APPF | APPFOLIO INC COM CL A | 2.32 | 37,216 | 9,170,000 | NEW | ||
| BIL | SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF | 0.27 | 6,867 | 1,064,000 | ADDED | 12.08 | |
| BRZU | DIREXION NASDAQ-100 EQUAL WEIGHTED INDEX SHARES | 0.00 | 0.00 | 0.00 | SOLD OFF | -100 | |
| CSD | INVESCO WATER RESOURCES ETF | 0.33 | 19,568 | 1,303,000 | REDUCED | -1.52 | |
| FDS | FACTSET RESH SYS INC COM | 3.69 | 32,048 | 14,563,000 | ADDED | 1.83 | |
| FICO | FAIR ISAAC CORP COM | 2.22 | 7,032 | 8,787,000 | ADDED | 2.21 | |
| GBIL | GOLDMAN SACHS ACTIVEBETA U.S. SMALL CAP EQUITY ETF | 0.52 | 31,128 | 2,040,000 | ADDED | 3.35 | |
| GOOG | ALPHABET INC CAP STK CL C | 5.80 | 150,327 | 22,886,000 | REDUCED | -8.46 | |
| GOOG | ALPHABET INC CAP STK CL A | 0.03 | 791 | 119,000 | ADDED | 25.36 | |
| IDXX | IDEXX LABS INC COM | 5.78 | 42,269 | 22,824,000 | ADDED | 0.15 | |
| IOT | SAMSARA INC COM CL A | 2.34 | 244,750 | 9,248,000 | ADDED | 5.48 | |
| ISRG | INTUITIVE SURGICAL INC COM NEW | 5.57 | 55,105 | 21,991,000 | REDUCED | -5.6 | |
| IT | GARTNER INC COM | 5.26 | 43,561 | 20,763,000 | ADDED | 1.38 | |
| MA | MASTERCARD INCORPORATED CL A | 8.41 | 68,960 | 33,209,000 | REDUCED | -0.13 | |
| MDB | MONGODB INC CL A | 0.07 | 832 | 298,000 | UNCHANGED | 0.00 | |
| MEDP | MEDPACE HLDGS INC COM | 4.33 | 42,319 | 17,103,000 | REDUCED | -29.97 | |
| MSCI | MSCI INC COM | 3.10 | 21,869 | 12,240,000 | NEW | ||
| MSFT | MICROSOFT CORP COM | 5.97 | 56,072 | 23,590,000 | REDUCED | -0.77 | |
| PLD | PROLOGIS INC. COM | 4.87 | 147,585 | 19,219,000 | ADDED | 2.02 | |
| PLTR | PALANTIR TECHNOLOGIES INC CL A | 0.00 | 45.00 | 1,000 | UNCHANGED | 0.00 | |
| QQQ | INVESCO QQQ TRUST SERIES I | 0.48 | 4,314 | 1,915,000 | REDUCED | -6.66 | |
| ROP | ROPER TECHNOLOGIES INC COM | 5.52 | 38,884 | 21,807,000 | ADDED | 1.94 | |
| SNPS | SYNOPSYS INC COM | 2.04 | 14,120 | 8,070,000 | ADDED | 2.77 | |
| SPY | SPDR S&P 500 ETF TRUST | 1.63 | 12,285 | 6,426,000 | REDUCED | -0.94 | |
| TPL | TEXAS PACIFIC LAND CORPORATION COM | 2.25 | 15,322 | 8,871,000 | ADDED | 207 | |
| TYL | TYLER TECHNOLOGIES INC COM | 5.29 | 49,190 | 20,907,000 | ADDED | 0.96 | |
| V | VISA INC COM CL A | 8.17 | 115,641 | 32,274,000 | ADDED | 0.42 | |
| VEEV | VEEVA SYS INC CL A COM | 0.00 | 0.00 | 0.00 | SOLD OFF | -100 | |
| VOO | VANGUARD REAL ESTATE ETF | 0.51 | 23,300 | 2,015,000 | ADDED | 9.48 | |
| VOO | VANGUARD S&P 500 ETF | 0.05 | 385 | 185,000 | UNCHANGED | 0.00 | |
| VRSK | VERISK ANALYTICS INC COM | 2.92 | 48,860 | 11,519,000 | ADDED | 2.82 |