Latest Spence Asset Management Stock Portfolio
Spence Asset Management Performance:
2025 Q3: -0.78%YTD: 1.53%2024: 14.38%
Performance for 2025 Q3 is -0.78%, and YTD is 1.53%, and 2024 is 14.38%.
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 $478.7 Millions as of 30 Sep, 2025.
The top stock holdings of Westwind Capital are V, MA, AMZN. The fund has invested 8.3% of it's portfolio in VISA INC COM CL A and 8.2% of portfolio in MASTERCARD INCORPORATED CL A.
The fund managers got completely rid off MSCI INC COM (MSCI), SALESFORCE INC COM (CRM) and THE TRADE DESK INC COM CL A (TTD) stocks. They significantly reduced their stock positions in TYLER TECHNOLOGIES INC COM (TYL), VANGUARD REAL ESTATE ETF (VB) and IDEXX LABS INC COM (IDXX). Westwind Capital opened new stock positions in UBER TECHNOLOGIES INC COM (UBER), BOSTON SCIENTIFIC CORP COM (BSX) and MERCADOLIBRE INC COM (MELI). The fund showed a lot of confidence in some stocks as they added substantially to ISHARES MSCI USA MOMENTUM FACTOR ETF (IBCE), ISHARES U.S. INDUSTRIALS ETF (IJR) and TR ACTIVEBETA US SMALL CAP EQUITY ETF (GBIL).
The top stock holdings of Westwind Capital are V, MA, AMZN. The fund has invested 8.3% of it's portfolio in VISA INC COM CL A and 8.2% of portfolio in MASTERCARD INCORPORATED CL A.
The fund managers got completely rid off MSCI INC COM (MSCI), SALESFORCE INC COM (CRM) and THE TRADE DESK INC COM CL A (TTD) stocks. They significantly reduced their stock positions in TYLER TECHNOLOGIES INC COM (TYL), VANGUARD REAL ESTATE ETF (VB) and IDEXX LABS INC COM (IDXX). Westwind Capital opened new stock positions in UBER TECHNOLOGIES INC COM (UBER), BOSTON SCIENTIFIC CORP COM (BSX) and MERCADOLIBRE INC COM (MELI). The fund showed a lot of confidence in some stocks as they added substantially to ISHARES MSCI USA MOMENTUM FACTOR ETF (IBCE), ISHARES U.S. INDUSTRIALS ETF (IJR) and TR ACTIVEBETA US SMALL CAP EQUITY ETF (GBIL).
Spence Asset Management Annual Return Estimates Vs S&P 500
Our best estimate is that Westwind Capital made a return of -0.78% in the last quarter. In trailing 12 months, it's portfolio return was 3.61%.
New Buys
| Ticker | $ Bought |
|---|---|
| uber technologies inc com | 15,604,000 |
| boston scientific corp com | 13,799,000 |
| mercadolibre inc com | 12,848,000 |
| spotify technology s a shs | 9,014,000 |
| wisdomtree europe hedged equity fund | 148,000 |
New stocks bought by Spence Asset Management
Additions
| Ticker | % Inc. |
|---|---|
| ishares msci usa momentum factor etf | 246 |
| ishares u.s. industrials etf | 94.7 |
| tr activebeta us small cap equity etf | 7.3 |
| ishares u.s. consumer discretionary etf | 5.88 |
| texas pacific land corporation com | 5.16 |
| spdr portfolio s&p 500 etf | 4.96 |
| ishares expanded tech-software sector etf | 4.9 |
| spdr s&p capital markets etf | 4.55 |
Additions to existing portfolio by Spence Asset Management
Reductions
| Ticker | % Reduced |
|---|---|
| tyler technologies inc com | -42.01 |
| vanguard real estate etf | -32.88 |
| idexx labs inc com | -31.92 |
| goldman sachs group inc com | -17.87 |
| spdr s&p 500 etf trust | -1.31 |
| tempus ai inc cl a | -1.2 |
| alphabet inc cap stk cl c | -0.91 |
| vertex inc cl a | -0.68 |
Spence Asset Management reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| the trade desk inc com cl a | -9,510,000 |
| salesforce inc com | -11,558,000 |
| ishares u.s. regional banks etf | -1,959,000 |
| msci inc com | -13,337,000 |
| ishares asia 50 etf | -10,000 |
| vanguard s&p 500 growth etf | -395,000 |
| spdr bloomberg 1-3 month t-bill etf | -34,000 |
| ishares expanded tech sector etf | -3,000 |
Spence Asset Management got rid off the above stocks
Sector Distribution
Westwind Capital has about 29.3% of it's holdings in Technology sector.
| Sector | % |
|---|---|
| Technology | 29.3 |
| Financial Services | 24 |
| Others | 13.3 |
| Healthcare | 12.2 |
| Communication Services | 9.8 |
| Consumer Cyclical | 9.2 |
| Consumer Defensive | 2.2 |
Market Cap. Distribution
Westwind Capital has about 82.7% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| LARGE-CAP | 43.4 |
| MEGA-CAP | 39.3 |
| UNALLOCATED | 13.3 |
| SMALL-CAP | 3.9 |
Stocks belong to which Index?
About 71.1% of the stocks held by Westwind Capital either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| S&P 500 | 68.9 |
| Others | 28.9 |
| RUSSELL 2000 | 2.2 |
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 37 stocks in it's portfolio. About 59.6% of the portfolio is in top 10 stocks. ISRG 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: 14 Oct, 2025| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AAXJ | ishares u.s. regional banks etf | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| AAXJ | ishares asia 50 etf | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| ACGL | arch cap group ltd ord | 1.87 | 98,457 | 8,933,000 | added | 1.99 | ||
| AMZN | amazon com inc com | 6.55 | 142,760 | 31,346,000 | added | 1.18 | ||
| BIL | spdr portfolio s&p 500 etf | 2.44 | 148,862 | 11,662,000 | added | 4.96 | ||
| BIL | spdr s&p capital markets etf | 0.06 | 17,670 | 270,000 | added | 4.55 | ||
| BIL | spdr bloomberg 1-3 month t-bill etf | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BSX | boston scientific corp com | 2.88 | 141,343 | 13,799,000 | new | |||
| CRM | salesforce inc com | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| FICO | fair isaac corp com | 2.19 | 7,008 | 10,488,000 | added | 2.8 | ||
| GBIL | tr activebeta us small cap equity etf | 0.64 | 40,890 | 3,062,000 | added | 7.3 | ||
| GOOG | alphabet inc cap stk cl c | 6.29 | 123,694 | 30,126,000 | reduced | -0.91 | ||
| GOOG | alphabet inc cap stk cl a | 0.09 | 1,764 | 429,000 | unchanged | 0.00 | ||
| GS | goldman sachs group inc com | 5.58 | 33,535 | 26,706,000 | reduced | -17.87 | ||
| GWRE | guidewire software inc com | 3.79 | 78,847 | 18,123,000 | added | 0.53 | ||
| IBCE | ishares msci usa momentum factor etf | 0.48 | 9,058 | 2,323,000 | added | 246 | ||
| IDXX | idexx labs inc com | 4.16 | 31,141 | 19,896,000 | reduced | -31.92 | ||
| IJR | ishares u.s. industrials etf | 0.49 | 15,989 | 2,332,000 | added | 94.7 | ||
| IJR | ishares expanded tech-software sector etf | 0.33 | 13,863 | 1,594,000 | added | 4.9 | ||
| IJR | ishares u.s. consumer discretionary etf | 0.28 | 12,578 | 1,318,000 | added | 5.88 | ||