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Stenham Asset Management Ltd 13F holdings, Q1 2025

Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →

Stenham Asset Management Ltd disclosed 28 US equity positions worth $245.7m in its Q1 2025 13F filing. The largest position was GLD at 40.9% of the reported book, followed by CP and AMZN.

· Q2 2025 →

What did Stenham Asset Management Ltd own in Q1 2025? Top 28 positions

#StockSectorWeightValueSharesΔ sharesvs prior
1 GLD SPDR GOLD TR 40.9%$100.4m348,579 –
2 CP CANADIAN PACIFIC KANSAS CITY Industrials 5.4%$13.4m190,600 –
3 AMZN AMAZON COM INC Consumer Cyclical 5.2%$12.7m66,730 –
4 TSM TAIWAN SEMICONDUCTOR MFG LTD Technology 4.0%$9.8m58,920 –
5 MA MASTERCARD INCORPORATED Financial Services 3.9%$9.5m17,310 –
6 MSFT MICROSOFT CORP Technology 3.7%$9.1m24,300 –
7 TMO THERMO FISHER SCIENTIFIC INC Healthcare 3.3%$8.0m16,080 –
8 TKO TKO GROUP HOLDINGS INC Communication Services 3.2%$7.8m51,000 –
9 AFG AMERICAN FINL GROUP INC OHIO Financial Services 2.7%$6.7m51,200 –
10 HLT HILTON WORLDWIDE HLDGS INC Consumer Cyclical 2.3%$5.8m25,310 –
11 CMA COMERICA INC 2.3%$5.8m97,500 –
12 UNP UNION PAC CORP Industrials 2.2%$5.4m22,650 –
13 CRH CRH PLC Basic Materials 2.2%$5.3m60,570 –
14 DHR DANAHER CORPORATION Healthcare 2.1%$5.3m25,700 –
15 GE GE AEROSPACE Industrials 1.8%$4.4m22,130 –
16 AVGO BROADCOM INC Technology 1.7%$4.2m25,055 –
17 V VISA INC Financial Services 1.7%$4.2m11,900 –
18 TLN TALEN ENERGY CORP Utilities 1.7%$4.2m20,790 –
19 AMAT APPLIED MATLS INC Technology 1.6%$3.8m26,500 –
20 MNKD MANNKIND CORP Healthcare 1.5%$3.8m748,700 –
21 RACE FERRARI N V Consumer Cyclical 1.3%$3.3m7,700 –
22 NVDA NVIDIA CORPORATION Technology 1.3%$3.1m29,057 –
23 AMD ADVANCED MICRO DEVICES INC Technology 1.2%$3.0m29,665 –
24 ZTS ZOETIS INC Healthcare 1.1%$2.7m16,700 –
25 COIN COINBASE GLOBAL INC Financial Services 0.8%$1.9m10,810 –
26 SLV ISHARES SILVER TR 0.4%$929.7k30,000 –
27 SPROTT PHYSICAL GOLD & SILVE 0.3%$710.2k25,000 –
28 PHO INVESCO EXCHANGE TRADED FD T 0.2%$477.4k7,400 –

Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.