Stenham Asset Management Ltd 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Stenham Asset Management Ltd disclosed 21 US equity positions worth $173.9m in its Q3 2025 13F filing. The largest position was GLD at 71.1% of the reported book, followed by AMZN and TKO. Against the Q2 2025 filing, it opened 3 new positions, added to 2 and reduced 8 among the top 21 holdings.
What did Stenham Asset Management Ltd own in Q3 2025? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GLD SPDR GOLD TR | 71.1% | $123.6m | 347,832 | -0% | held | |
| 2 | AMZN AMAZON COM INC | Consumer Cyclical | 5.1% | $8.8m | 40,080 | 28% | added |
| 3 | TKO TKO GROUP HOLDINGS INC | Communication Services | 4.6% | $8.0m | 39,500 | 0% | held |
| 4 | UNP UNION PAC CORP | Industrials | 4.4% | $7.6m | 32,350 | 71% | added |
| 5 | AERCAP HOLDINGS NV | 4.2% | $7.3m | 60,200 | 0% | held | |
| 6 | CNM CORE & MAIN INC | Industrials | 4.1% | $7.2m | 133,000 | 0% | held |
| 7 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 1.2% | $2.2m | 7,742 | -82% | reduced |
| 8 | SLV ISHARES SILVER TR | 0.7% | $1.3m | 30,000 | 0% | held | |
| 9 | CRH CRH PLC | Basic Materials | 0.6% | $1.0m | 8,400 | 0% | held |
| 10 | SPROTT ASSET MANAGEMENT LP | 0.5% | $917.2k | 25,000 | 0% | held | |
| 11 | ISHARES TR | 0.5% | $905.0k | 17,295 | – | new | |
| 12 | BRK/B BERKSHIRE HATHAWAY INC DEL | 0.5% | $798.4k | 1,588 | – | new | |
| 13 | MSFT MICROSOFT CORP | Technology | 0.4% | $735.5k | 1,420 | -93% | reduced |
| 14 | MA MASTERCARD INCORPORATED | Financial Services | 0.4% | $631.4k | 1,110 | -94% | reduced |
| 15 | PHO INVESCO EXCHANGE TRADED FD T | 0.3% | $533.6k | 7,400 | 0% | held | |
| 16 | GE GE AEROSPACE | Industrials | 0.3% | $475.3k | 1,580 | -93% | reduced |
| 17 | PCG PG&E CORP | Utilities | 0.3% | $466.0k | 30,900 | – | new |
| 18 | HLT HILTON WORLDWIDE HLDGS INC | Consumer Cyclical | 0.2% | $404.7k | 1,560 | -94% | reduced |
| 19 | RACE FERRARI N V | Consumer Cyclical | 0.2% | $373.6k | 770 | -94% | reduced |
| 20 | DHR DANAHER CORPORATION | Healthcare | 0.2% | $370.7k | 1,870 | -94% | reduced |
| 21 | CME CME GROUP INC | Financial Services | 0.2% | $359.4k | 1,330 | -92% | reduced |
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.