Latest Spence Asset Management Stock Portfolio
Spence Asset Management Performance:
2026 Q1: -4.51%YTD: -4.51%2025: 1.13%
Performance for 2026 Q1 is -4.51%, and YTD is -4.51%, and 2025 is 1.13%.
About Spence Asset Management and 13F Hedge Fund Stock Holdings
Westwind Capital is a hedge fund based in Las Cruces, NM. On 2026-04-14, the fund reported it's updated stock portfolio. In the 13F Holdings report, Westwind Capital reported an equity portfolio of $416.4 Millions as of 31 Mar, 2026.
The top stock holdings of Westwind Capital are NFLX, AMZN, GS. The fund has invested 7.4% of it's portfolio in NETFLIX INC. COM and 6.6% of portfolio in AMAZON COM INC COM.
The fund managers got completely rid off DIREXION NASDAQ-100 EQUAL WEIGHTED INDEX SHARES (BRZU), VANECK SOCIAL SENTIMENT ETF (BUZZ) and SALESFORCE INC COM (CRM) stocks. They significantly reduced their stock positions in ISHARES MSCI USA MOMENTUM FACTOR ETF (IBCE), ROBINHOOD MKTS INC COM CL A (HOOD) and TEMPUS AI INC CL A. Westwind Capital opened new stock positions in NEXTERA ENERGY INC COM (NEE), STATE STREET UTILITIES SELECT SECTOR SPDR ETF (XLB) and ISHARES U.S. REGIONAL BANKS ETF (AAXJ). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC. COM (NFLX), STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF (BIL) and INVESCO S&P INTERNATIONAL DEVELOPED MOMENTUM ETF (CGW).
The top stock holdings of Westwind Capital are NFLX, AMZN, GS. The fund has invested 7.4% of it's portfolio in NETFLIX INC. COM and 6.6% of portfolio in AMAZON COM INC COM.
The fund managers got completely rid off DIREXION NASDAQ-100 EQUAL WEIGHTED INDEX SHARES (BRZU), VANECK SOCIAL SENTIMENT ETF (BUZZ) and SALESFORCE INC COM (CRM) stocks. They significantly reduced their stock positions in ISHARES MSCI USA MOMENTUM FACTOR ETF (IBCE), ROBINHOOD MKTS INC COM CL A (HOOD) and TEMPUS AI INC CL A. Westwind Capital opened new stock positions in NEXTERA ENERGY INC COM (NEE), STATE STREET UTILITIES SELECT SECTOR SPDR ETF (XLB) and ISHARES U.S. REGIONAL BANKS ETF (AAXJ). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC. COM (NFLX), STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF (BIL) and INVESCO S&P INTERNATIONAL DEVELOPED MOMENTUM ETF (CGW).
Spence Asset Management Annual Return Estimates Vs S&P 500
Our best estimate is that Westwind Capital made a return of -4.51% in the last quarter. In trailing 12 months, it's portfolio return was 3.56%.
- Performance
- S&P 500
New Buys
| Ticker | $ Bought |
|---|---|
| nextera energy inc com | 12,149,000 |
| state street utilities select sector spdr etf | 2,186,000 |
| ishares u.s. regional banks etf | 1,518,000 |
| invesco qqq trust series i | 262,000 |
| ishares s&p 500 value etf | 252,000 |
| kla corp com new | 133,000 |
| cardinal health inc com | 129,000 |
| dell technologies inc cl c | 123,000 |
New stocks bought by Spence Asset Management
Additions
| Ticker | % Inc. |
|---|---|
| netflix inc. com | 132 |
| state street spdr bloomberg 1-3 month t-bill etf | 72.13 |
| invesco s&p international developed momentum etf | 46.55 |
| kraneshares artificial intelligence & technology etf | 45.83 |
| state street spdr portfolio s&p 500 etf | 36.32 |
| vanguard real estate etf | 34.52 |
| tr activebeta us small cap equity etf | 32.89 |
| boston scientific corp com | 31.24 |
Additions to existing portfolio by Spence Asset Management
Reductions
| Ticker | % Reduced |
|---|---|
| ishares msci usa momentum factor etf | -99.69 |
| robinhood mkts inc com cl a | -99.11 |
| tempus ai inc cl a | -97.01 |
| guidewire software inc com | -96.98 |
| tyler technologies inc com | -96.98 |
| samsara inc com cl a | -96.78 |
| ishares asia 50 etf | -90.02 |
| vanguard s&p 500 growth etf | -66.56 |
Spence Asset Management reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| vaneck social sentiment etf | -122,000 |
| direxion nasdaq-100 equal weighted index shares | -220,000 |
| salesforce inc com | -61,000 |
Spence Asset Management got rid off the above stocks
Sector Distribution
Westwind Capital has about 20% of it's holdings in Financial Services sector.
- Financial Services
- Others
- Technology
- Communication Services
- Healthcare
- Consumer Cyclical
- Real Estate
- Utilities
- Consumer Defensive
| Sector | % |
|---|---|
| Financial Services | 20 |
| Others | 18.1 |
| Technology | 17.9 |
| Communication Services | 13.7 |
| Healthcare | 12.6 |
| Consumer Cyclical | 8.8 |
| Real Estate | 3.4 |
| Utilities | 2.9 |
| Consumer Defensive | 2.6 |
Market Cap. Distribution
Westwind Capital has about 79.4% of it's portfolio invested in the large-cap and mega-cap stocks.
- MEGA-CAP
- LARGE-CAP
- UNALLOCATED
- SMALL-CAP
| Category | % |
|---|---|
| MEGA-CAP | 49.9 |
| LARGE-CAP | 29.5 |
| UNALLOCATED | 18.1 |
| SMALL-CAP | 2.5 |
Stocks belong to which Index?
About 75.1% of the stocks held by Westwind Capital either belong to S&P 500 or RUSSELL 2000 index.
- S&P 500
- Others
- RUSSELL 2000
| Index | % |
|---|---|
| S&P 500 | 72.5 |
| Others | 25 |
| RUSSELL 2000 | 2.6 |
Spence Asset Management Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Spence Asset Management
Westwind Capital has 77 stocks in it's portfolio. About 58.8% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. IJR was the most profitable stock for Westwind Capital last quarter.
Last Reported on: 14 Apr, 2026| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AAXJ | ishares u.s. regional banks etf | 0.36 | 28,187 | 1,518,000 | new | |||
| AAXJ | ishares asia 50 etf | 0.30 | 123 | 1,233,000 | reduced | -90.02 | ||
| ACGL | arch cap group ltd ord | 2.07 | 89,741 | 8,614,000 | reduced | -4.66 | ||
| AMAT | applied matls inc com | 0.02 | 265 | 91,000 | new | |||
| AMGN | amgen inc com | 0.02 | 285 | 100,000 | new | |||
| AMZN | amazon com inc com | 6.61 | 132,254 | 27,545,000 | reduced | -4.92 | ||
| APH | amphenol corp cl a | 0.02 | 712 | 90,000 | new | |||
| APP | applovin corp com cl a | 0.01 | 147 | 59,000 | new | |||
| BIL | state street spdr portfolio s&p 500 etf | 4.37 | 237,627 | 18,188,000 | added | 36.32 | ||
| BIL | state street spdr bloomberg 1-3 month t-bill etf | 0.01 | 525 | 48,000 | added | 72.13 | ||
| BIV | vanguard short-term bond etf | 0.01 | 530 | 42,000 | new | |||
| BNDD | kraneshares artificial intelligence & technology etf | 0.50 | 63,805 | 2,091,000 | added | 45.83 | ||
| BRZU | direxion nasdaq-100 equal weighted index shares | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BSX | boston scientific corp com | 2.66 | 176,769 | 11,092,000 | added | 31.24 | ||
| BUZZ | vaneck social sentiment etf | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CAH | cardinal health inc com | 0.03 | 611 | 129,000 | new | |||
| CGW | invesco s&p international developed momentum etf | 1.14 | 86,711 | 4,755,000 | added | 46.55 | ||
| CIEN | ciena corp com new | 0.03 | 300 | 116,000 | new | |||
| CMI | cummins inc com | 0.02 | 172 | 93,000 | new | |||
| CRM | salesforce inc com | 0.00 | 0.00 | 0.00 | sold off | -100 | ||