Westwind Capital
•CIK: 1729269•Filing: Q4 2025
**Spence Asset Management** manages $489M across a concentrated portfolio of 43 positions. The fund exhibits significant conviction in mega-cap technology and industrials, with top holdings including V ($39.5M), MA ($38.9M), and GOOG ($37.3M). Further allocations are notable in e-commerce and healthcare, evidenced by positions in AMZN ($32.1M) and ISRG ($31.0M). This structure suggests a growth-oriented mandate targeting established market leaders.
Total AUM
$489.4M
QoQ Performance
+2.2%
Positions
43
Top 10 Concentration
60.3%
Latest Filing
Q4 2025
Top Holdings Allocation
V
MA
GOOG
AMZN
ISRG
GS
MSFT
V8.1%
MA7.9%
GOOG7.6%
AMZN6.6%
ISRG6.3%
GS6.0%
MSFT5.8%
IDXX4.2%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other45.0%
Financial22.0%
Technology17.6%
Consumer9.2%
Real Estate2.9%
Communication2.6%
ETF0.7%
🚪 Exited Positionssold since Q3 2025
+2 more exited positions
Changes from Q3 2025
NEW13 new positions
↑14 increased
↓15 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023