Spear Holdings RSC Ltd
Long book
$934.9M
Q1 2026
Positions
17
Top-10 weight
83%
concentration
Last quarter
+11.4%
SPY +14.8%
Turnover
44%
of book per quarter
Strategy in plain words
auto-generated from filingsSpear Holdings RSC Ltd is a concentrated fundamental stock-picker, running a $934.9M US long book across 17 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: MICROSOFT CORP, NVIDIA CORP, AMAZON.COM INC, TAIWAN SEMICONDUCTOR-SP ADR, S&P GLOBAL INC.
Over the last 8 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 3 of 8 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+10.6%
Q2 2024
+20.4%
Q3 2024
-16.6%
Q1 2025
+22.2%
Q2 2025
+4.7%
Q3 2025
+0.7%
Q4 2025
-13.7%
Q1 2026
+11.4%
Sector allocation
Technology 49%
Consumer discretionary 21%
Services media 18%
Healthcare 4%
Other 4%
Financials 3%
Industrials 0%
Long book by quarter
What does Spear Holdings own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 282.5K | $104.6M | 11.2% | +10.1% |
| NVDA NVIDIA CORP | Technology | 568.4K | $99.1M | 10.6% | +65.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 471.7K | $98.2M | 10.5% | +28.0% |
| SPGI S&P GLOBAL INC | Services media | 175.6K | $74.7M | 8.0% | +18.6% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 209.5K | $67.1M | 7.2% | -26.4% |
| MELI MERCADOLIBRE INC | Services media | 38.7K | $66.9M | 7.2% | +136.9% |
| GOOGL ALPHABET INC-CL A | Technology | 230.1K | $66.2M | 7.1% | +921.5% |
| META META PLATFORMS INC-CLASS A | Technology | 93.1K | $53.3M | 5.7% | New |
| DHR DANAHER CORP | Technology | 279.1K | $52.9M | 5.7% | New |
| LLY ELI LILLY & CO | Healthcare | 37.7K | $34.7M | 3.7% | New |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 60.6K | $29.8M | 3.2% | New |
| UNH UNITEDHEALTH GROUP INC | Financials | 53.0K | $14.3M | 1.5% | New |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 539.1K | $7.7M | 0.8% | Held |
| GEV GE VERNOVA INC | Industrials | 4.3K | $3.8M | 0.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 18 | $1.00B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 11 | $567.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 18 | $1.78B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 19 | $1.37B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 14 | $1.30B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 0 | $0 | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 17, 2024 | 2 | $99.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 18, 2024 | 5 | $141.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | May 30, 2024 | 12 | $575.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 12 | $575.4M | SEC ↗ |
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