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Stenham Asset Management LTD: 13F holdings, Q2 2026

Hedge fund · SEC EDGAR filings (CIK 1840750) · Explore on the interactive board

Stenham Asset Management LTD disclosed 15 US equity positions worth $139.6m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is GLD at 84.9% of the reported book, followed by NAK, YSS. The top ten holdings are 97.3% of the book, and the portfolio behaves like about 1 equal-weight positions. Versus the prior filing it opened 4 new positions, added to 2, reduced 3 and exited 7. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.

This manager's most recent filing is 3934 quarter(s) behind the newest quarter on file. Treat these figures as history, not current positioning.
$139.6mreported US equity book
15positions
84.9%largest position
97.3%top 10 weight
1.38effective positions (1/HHI)
2quarters on file since Q1 2026

What does Stenham Asset Management LTD own? Top holdings as of June 30, 2026

Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 4 new, 2 added, 3 reduced, 7 exited.

#StockSectorWeightValueSharesΔ sharesAction
1 GLD SPDR GOLD TR 84.9%$118.5m321,659 -1% reduced
2 NAK NORTHERN DYNASTY MINERALS LT 2.8%$3.9m2,046,000 0% held
3 YSS YORK SPACE SYSTEMS INC 2.0%$2.7m110,651 0% held
4 ISHARES TR 1.4%$2.0m32,723 39% added
5 TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 1.4%$1.9m4,047 -82% reduced
6 SNDK SANDISK CORP Technology 1.2%$1.6m710 new
7 HBM HUDBAY MINERALS INC Basic Materials 1.1%$1.5m65,600 new
8 SLV ISHARES SILVER TR 1.1%$1.5m27,700 0% held
9 AMZN AMAZON COM INC Consumer Cyclical 0.8%$1.1m4,700 -88% reduced
10 BRK/B BERKSHIRE HATHAWAY INC DEL 0.8%$1.1m2,211 18% added
11 TKO TKO GROUP HOLDINGS INC Communication Services 0.8%$1.1m5,300 0% held
12 MGM MGM RESORTS INTERNATIONAL Consumer Cyclical 0.7%$1.0m21,000 new
13 SPROTT ASSET MANAGEMENT LP 0.4%$603.5k15,000 0% held
14 CORZ CORE SCIENTIFIC INC NEW Technology 0.4%$522.0k20,400 new
15 PHO INVESCO EXCHANGE TRADED FD T 0.4%$511.2k7,400 0% held

What did Stenham Asset Management LTD sell? Positions exited since the previous filing

StockPrior weightPrior value
HONGBP HONEYWELL INTL INC21.7%$8.5m
UNP UNION PAC CORP19.5%$7.6m
TLN TALEN ENERGY CORP17.6%$6.9m
AERCAP HOLDINGS NV15.8%$6.2m
NVDA NVIDIA CORPORATION15.1%$5.9m
HUT HUT 8 CORP8.1%$3.2m
CRH CRH PLC2.3%$883.0k

Sector mix

SectorWeight
Technology2.9%
Consumer Cyclical1.5%
Basic Materials1.1%
Communication Services0.8%

Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.

Filing history

QuarterPositionsEquity value
Q2 202615$139.6m
Q1 202618$205.9m

How concentrated is Stenham Asset Management LTD's portfolio?

Across every quarter Stenham Asset Management LTD has filed, its median largest position is 76.4% of the book and its median top-ten weight is 96.4%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 7.0 completed holding spells, the median lasted 1.0 quarters; 15.0 positions are still open and their final length is unknown.