Latest Spence Asset Management Stock Portfolio
Spence Asset Management Performance:
2025 Q4: -22.12%YTD: -19.78%2024: -22.18%
Performance for 2025 Q4 is -22.12%, and YTD is -19.78%, and 2024 is -22.18%.
About Spence Asset Management and 13F Hedge Fund Stock Holdings
Westwind Capital 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, Westwind Capital reported an equity portfolio of $489.4 Millions as of 31 Dec, 2025.
The top stock holdings of Westwind Capital are V, MA, GOOG. The fund has invested 8.1% of it's portfolio in VISA INC COM CL A and 8% of portfolio in MASTERCARD INCORPORATED CL A.
The fund managers got completely rid off WAYSTAR HLDG CORP COM, FAIR ISAAC CORP COM (FICO) and VERTEX INC CL A (VERX) stocks. They significantly reduced their stock positions in MERCADOLIBRE INC COM (MELI), BOSTON SCIENTIFIC CORP COM (BSX) and ARCH CAP GROUP LTD ORD (ACGL). Westwind Capital opened new stock positions in NVIDIA CORPORATION COM (NVDA), PROLOGIS INC. COM (PLD) and PALANTIR TECHNOLOGIES INC CL A (PLTR). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC COM (NFLX), SERVICENOW INC COM (NOW) and TEXAS PACIFIC LAND CORPORATION COM (TPL).
The top stock holdings of Westwind Capital are V, MA, GOOG. The fund has invested 8.1% of it's portfolio in VISA INC COM CL A and 8% of portfolio in MASTERCARD INCORPORATED CL A.
The fund managers got completely rid off WAYSTAR HLDG CORP COM, FAIR ISAAC CORP COM (FICO) and VERTEX INC CL A (VERX) stocks. They significantly reduced their stock positions in MERCADOLIBRE INC COM (MELI), BOSTON SCIENTIFIC CORP COM (BSX) and ARCH CAP GROUP LTD ORD (ACGL). Westwind Capital opened new stock positions in NVIDIA CORPORATION COM (NVDA), PROLOGIS INC. COM (PLD) and PALANTIR TECHNOLOGIES INC CL A (PLTR). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC COM (NFLX), SERVICENOW INC COM (NOW) and TEXAS PACIFIC LAND CORPORATION COM (TPL).
Spence Asset Management Annual Return Estimates Vs S&P 500
Our best estimate is that Westwind Capital made a return of -22.12% in the last quarter. In trailing 12 months, it's portfolio return was -19.78%.
- Performance
- S&P 500
New Buys
| Ticker | $ Bought |
|---|---|
| nvidia corporation com | 19,502,000 |
| prologis inc. com | 14,282,000 |
| palantir technologies inc cl a | 9,487,000 |
| robinhood mkts inc com cl a | 4,144,000 |
| invesco s&p international developed momentum etf | 3,288,000 |
| kraneshares artificial intelligence & technology etf | 1,588,000 |
| vanguard s&p 500 etf | 484,000 |
| vanguard s&p 500 growth etf | 408,000 |
New stocks bought by Spence Asset Management
Additions
| Ticker | % Inc. |
|---|---|
| netflix inc com | 913 |
| servicenow inc com | 391 |
| texas pacific land corporation com | 176 |
| spdr s&p 500 etf trust | 140 |
| ishares expanded tech-software sector etf | 74.17 |
| tyler technologies inc com | 47.74 |
| ishares msci usa momentum factor etf | 30.91 |
| vanguard real estate etf | 17.32 |
Additions to existing portfolio by Spence Asset Management
Reductions
| Ticker | % Reduced |
|---|---|
| mercadolibre inc com | -8.13 |
| boston scientific corp com | -4.71 |
| arch cap group ltd ord | -4.39 |
| alphabet inc cap stk cl c | -3.91 |
| visa inc com cl a | -3.28 |
| universal technical inst inc com | -3.02 |
| samsara inc com cl a | -2.83 |
| amazon com inc com | -2.57 |
Spence Asset Management reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| waystar hldg corp com | -15,960,000 |
| vertex inc cl a | -8,355,000 |
| spdr s&p capital markets etf | -270,000 |
| spotify technology s a shs | -9,014,000 |
| ishares u.s. consumer discretionary etf | -1,318,000 |
| fair isaac corp com | -10,488,000 |
| wisdomtree europe hedged equity fund | -148,000 |
Spence Asset Management got rid off the above stocks
Sector Distribution
Westwind Capital has about 29.7% of it's holdings in Technology sector.
- Technology
- Financial Services
- Healthcare
- Communication Services
- Others
- Consumer Cyclical
- Real Estate
- Consumer Defensive
| Sector | % |
|---|---|
| Technology | 29.7 |
| Financial Services | 23.8 |
| Healthcare | 13.2 |
| Communication Services | 10.4 |
| Others | 9.7 |
| Consumer Cyclical | 8.6 |
| Real Estate | 2.9 |
| Consumer Defensive | 1.6 |
Market Cap. Distribution
Westwind Capital has about 88.7% of it's portfolio invested in the large-cap and mega-cap stocks.
- LARGE-CAP
- MEGA-CAP
- UNALLOCATED
- SMALL-CAP
| Category | % |
|---|---|
| LARGE-CAP | 45.9 |
| MEGA-CAP | 42.8 |
| UNALLOCATED | 9.7 |
| SMALL-CAP | 1.6 |
Stocks belong to which Index?
About 75.8% 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 | 74.2 |
| Others | 24.1 |
| RUSSELL 2000 | 1.6 |
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 43 stocks in it's portfolio. About 60.3% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Westwind Capital last quarter.
Last Reported on: 09 Jan, 2026| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AAXJ | ishares asia 50 etf | 0.03 | 1,233 | 120,000 | new | |||
| ACGL | arch cap group ltd ord | 1.84 | 94,130 | 9,029,000 | reduced | -4.39 | ||
| AMZN | amazon com inc com | 6.56 | 139,093 | 32,105,000 | reduced | -2.57 | ||
| BIL | state street spdr portfolio s&p 500 etf | 2.86 | 174,318 | 13,984,000 | added | 17.1 | ||
| BIL | state street spdr bloomberg 1-3 month t-bill etf | 0.01 | 305 | 28,000 | new | |||
| BIL | spdr s&p capital markets etf | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BNDD | kraneshares artificial intelligence & technology etf | 0.32 | 43,752 | 1,588,000 | new | |||
| BRZU | direxion nasdaq-100 equal weighted index shares | 0.04 | 2,152 | 220,000 | new | |||
| BSX | boston scientific corp com | 2.62 | 134,688 | 12,843,000 | reduced | -4.71 | ||
| BUZZ | vaneck social sentiment etf | 0.03 | 3,768 | 122,000 | new | |||
| CGW | invesco s&p international developed momentum etf | 0.67 | 59,169 | 3,288,000 | new | |||
| CRM | salesforce inc com | 0.01 | 229 | 61,000 | new | |||
| FICO | fair isaac corp com | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| GBIL | tr activebeta us small cap equity etf | 0.73 | 47,295 | 3,577,000 | added | 15.66 | ||
| GOOG | alphabet inc cap stk cl c | 7.62 | 118,860 | 37,298,000 | reduced | -3.91 | ||
| GOOG | alphabet inc cap stk cl a | 0.12 | 1,878 | 588,000 | added | 6.46 | ||
| GS | goldman sachs group inc com | 5.97 | 33,232 | 29,211,000 | reduced | -0.9 | ||
| GWRE | guidewire software inc com | 3.19 | 77,789 | 15,636,000 | reduced | -1.34 | ||
| HOOD | robinhood mkts inc com cl a | 0.85 | 36,641 | 4,144,000 | new | |||
| IBCE | ishares msci usa momentum factor etf | 0.61 | 11,858 | 2,968,000 | added | 30.91 | ||