# Spear Holdings RSC Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2023475. Source: https://holderbook.com/funds/2023475-spear-holdings-rsc-ltd/

- Reported value: $1.7B
- Positions: 18
- Weight of the ten largest: 77.1%
- Filed: 2026-07-27

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $274.9M | 368,112 | 16.4% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $179.4M | 243,658 | 10.7% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $142.7M | 298,758 | 8.5% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $132.9M | 356,180 | 7.9% | 6 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $106.0M | 7,934,797 | 6.3% | 5 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $101.9M | 534,831 | 6.1% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $92.9M | 389,590 | 5.5% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $91.9M | 459,110 | 5.5% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $86.2M | 153,080 | 5.1% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $85.1M | 225,364 | 5.1% | 1 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $82.3M | 238,945 | 4.9% | 6 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $78.8M | 46,414 | 4.7% | 6 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $71.5M | 175,576 | 4.3% | 6 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $62.4M | 365,088 | 3.7% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $51.8M | 103,360 | 3.1% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $16.5M | 46,229 | 1.0% | 3 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $13.3M | 400,079 | 0.8% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $7.2M | 6,240 | 0.4% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.5% | +14.8% | -5.3% | 93% |
| Q1 2026 | -13.9% | -4.6% | -9.2% | 100% |
| Q4 2025 | +0.5% | +2.4% | -1.9% | 100% |
| Q3 2025 | +4.6% | +7.8% | -3.2% | 100% |
| Q2 2025 | +22.0% | +10.5% | +11.6% | 100% |
| Q3 2024 | +20.1% | +5.4% | +14.7% | 100% |
| Q2 2024 | +8.0% | +4.0% | +3.9% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.7B | 18 |
| Q1 2026 | $1.0B | 17 |
| Q4 2025 | $567.2M | 11 |
| Q3 2025 | $1.8B | 18 |
| Q2 2025 | $1.4B | 19 |
| Q1 2025 | $1.3B | 14 |
| Q3 2024 | $99.8M | 2 |
| Q2 2024 | $141.7M | 5 |
| Q1 2024 | $575.4M | 12 |