Stenham Asset Management Ltd 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Stenham Asset Management Ltd disclosed 24 US equity positions worth $229.4m in its Q2 2025 13F filing. The largest position was GLD at 46.3% of the reported book, followed by MSFT and TSM. Against the Q1 2025 filing, it opened 5 new positions, added to 5 and reduced 7 among the top 24 holdings.
What did Stenham Asset Management Ltd own in Q2 2025? Top 24 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GLD SPDR GOLD TR | 46.3% | $106.1m | 348,162 | -0% | held | |
| 2 | MSFT MICROSOFT CORP | Technology | 4.3% | $10.0m | 20,030 | -18% | reduced |
| 3 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 4.3% | $9.8m | 43,085 | -27% | reduced |
| 4 | MA MASTERCARD INCORPORATED | Financial Services | 4.2% | $9.7m | 17,310 | 0% | held |
| 5 | CP CANADIAN PACIFIC KANSAS CITY | Industrials | 4.0% | $9.1m | 114,400 | -40% | reduced |
| 6 | CNM CORE & MAIN INC | Industrials | 3.5% | $8.0m | 133,000 | – | new |
| 7 | TKO TKO GROUP HOLDINGS INC | Communication Services | 3.1% | $7.2m | 39,500 | -23% | reduced |
| 8 | AERCAP HOLDINGS NV | 3.1% | $7.0m | 60,200 | – | new | |
| 9 | HLT HILTON WORLDWIDE HLDGS INC | Consumer Cyclical | 3.0% | $6.9m | 25,860 | 2% | added |
| 10 | AMZN AMAZON COM INC | Consumer Cyclical | 3.0% | $6.9m | 31,230 | -53% | reduced |
| 11 | AFG AMERICAN FINL GROUP INC OHIO | Financial Services | 2.8% | $6.5m | 51,200 | 0% | held |
| 12 | DHR DANAHER CORPORATION | Healthcare | 2.8% | $6.4m | 32,370 | 26% | added |
| 13 | RACE FERRARI N V | Consumer Cyclical | 2.6% | $6.0m | 12,170 | 58% | added |
| 14 | GE GE AEROSPACE | Industrials | 2.6% | $5.9m | 22,770 | 3% | added |
| 15 | ZTS ZOETIS INC | Healthcare | 2.1% | $4.7m | 30,200 | 81% | added |
| 16 | UNP UNION PAC CORP | Industrials | 1.9% | $4.4m | 18,950 | -16% | reduced |
| 17 | CME CME GROUP INC | Financial Services | 1.9% | $4.3m | 15,740 | – | new |
| 18 | V VISA INC | Financial Services | 1.8% | $4.2m | 11,900 | 0% | held |
| 19 | META META PLATFORMS INC | Communication Services | 0.9% | $2.1m | 2,850 | – | new |
| 20 | GOOG ALPHABET INC | Communication Services | 0.6% | $1.3m | 7,430 | – | new |
| 21 | SLV ISHARES SILVER TR | 0.4% | $984.3k | 30,000 | 0% | held | |
| 22 | CRH CRH PLC | Basic Materials | 0.3% | $771.1k | 8,400 | -86% | reduced |
| 23 | SPROTT PHYSICAL GOLD & SILVE | 0.3% | $752.5k | 25,000 | 0% | held | |
| 24 | PHO INVESCO EXCHANGE TRADED FD T | 0.2% | $517.3k | 7,400 | 0% | held |
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.