Q2 2025 · 13F-HR
Stenham Asset Management Ltdholdings as filed
Filed 2025-08-14 · accession 0001214659-25-012234
$229.4M
Reported value
24
Positions
2025-06-30
Period end
The Brief · Stenham Asset Management Ltd · Q2 2025
AI · grounded in 13F
Stenham Asset Management Ltd established a new position in GLD valued at $106.1M. The fund also initiated new stakes in MSFT for $9.9M and TSM for $9.7M. Additional new positions include MA at $9.7M and CP at $9.1M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78463V107 | GLD | SPDR GOLD TR | $106.1M | 46.3% | 348,162 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $10.0M | 4.34% | 20,030 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $9.8M | 4.25% | 43,085 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $9.7M | 4.24% | 17,310 | Common | SOLE |
| 13646K108 | CP | CANADIAN PACIFIC KANSAS CITY | $9.1M | 3.95% | 114,400 | Common | SOLE |
| 21874C102 | CNM | CORE & MAIN INC | $8.0M | 3.50% | 133,000 | Common | SOLE |
| 87256C101 | TKO | TKO GROUP HOLDINGS INC | $7.2M | 3.13% | 39,500 | Common | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $7.0M | 3.07% | 60,200 | Common | SOLE |
| 43300A203 | HLT | HILTON WORLDWIDE HLDGS INC | $6.9M | 3.00% | 25,860 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $6.9M | 2.99% | 31,230 | Common | SOLE |
| 025932104 | AFG | AMERICAN FINL GROUP INC OHIO | $6.5M | 2.82% | 51,200 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $6.4M | 2.79% | 32,370 | Common | SOLE |
| N3167Y103 | RACE | FERRARI N V | $6.0M | 2.60% | 12,170 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $5.9M | 2.55% | 22,770 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $4.7M | 2.05% | 30,200 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $4.4M | 1.90% | 18,950 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $4.3M | 1.89% | 15,740 | Common | SOLE |
| 92826C839 | V | VISA INC | $4.2M | 1.84% | 11,900 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $2.1M | 0.92% | 2,850 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $1.3M | 0.57% | 7,430 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $984,300 | 0.43% | 30,000 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $771,120 | 0.34% | 8,400 | Common | SOLE |
| 85208R101 | CEF | SPROTT PHYSICAL GOLD & SILVE | $752,500 | 0.33% | 25,000 | Common | SOLE |
| 46137V142 | PHO | INVESCO EXCHANGE TRADED FD T | $517,334 | 0.23% | 7,400 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.