Institutional
Stenham Asset Management Ltd
CIK 0001840750
$205.9M
Reported AUM
18
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Stenham Asset Management Ltd · Q1 2026
AI · grounded in 13F
Stenham Asset Management Ltd initiated a new position in HUT with a $3.17M investment. The fund also established new holdings in NAK for $2.86M and YSS for $2.45M. On the sell side, the fund trimmed its NVDA position by 45.24% and closed its position in MSFT for a $686,740 reduction.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | GLD | SPDR GOLD TR | $396.24 | -3.65% | 29.84% | 133.33% | $139.8M | 67.93% | −16,906 | −4.9% |
| 2 | HON | HONEYWELL INTL INC | $213.97 | -1.69% | 1.40% | 7.72% | $8.5M | 4.11% | — | HELD |
| 3 | AMZN | AMAZON COM INC | $246.03 | -3.06% | 15.20% | 47.87% | $8.0M | 3.87% | −1,800 | −4.5% |
| 4 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $415.17 | -6.69% | 104.85% | 285.24% | $7.6M | 3.70% | +12,655 | +128.0% |
| 5 | UNP | UNION PAC CORP | $272.32 | 3.19% | 24.65% | 39.36% | $7.6M | 3.69% | −2,319 | −6.9% |
| 6 | TLN | TALEN ENERGY CORP | $361.74 | -0.82% | 41.08% | 572.33% | $6.9M | 3.33% | — | HELD |
| 7 | AER | AERCAP HOLDINGS NV | $136.94 | 0.37% | 18.12% | 163.88% | $6.2M | 2.99% | — | HELD |
| 8 | NVDA | NVIDIA CORPORATION | $205.10 | -6.20% | 44.92% | 955.49% | $5.9M | 2.86% | −27,927 | −45.2% |
| 9 | HUT | HUT 8 CORP | $112.24 | -12.15% | 504.42% | 374.59% | $3.2M | 1.54% | +67,550 | NEW |
| 10 | NAK | NORTHERN DYNASTY MINERALS LT | $1.91 | -14.35% | 48.06% | 344.19% | $2.9M | 1.39% | +2,046,000 | NEW |
| 11 | YSS | YORK SPACE SYSTEMS INC | $29.14 | -1.79% | -14.17% | 13.83% | $2.5M | 1.19% | +110,651 | NEW |
| 12 | SLV | ISHARES SILVER TR | $61.57 | -8.08% | 88.35% | 160.56% | $1.9M | 0.92% | — | HELD |
| 13 | TKO | TKO GROUP HOLDINGS INC | $203.49 | 0.49% | 24.34% | 341.48% | $1.1M | 0.52% | — | HELD |
| 14 | IHAK | ISHARES TR | $57.03 | -3.62% | 11.10% | 31.20% | $1.0M | 0.50% | +3,181 | +15.6% |
| 15 | BRK/B | BERKSHIRE HATHAWAY INC DEL | — | — | — | — | $895K | 0.43% | — | HELD |
| 16 | CRH | CRH PLC | $105.06 | -1.42% | 14.34% | 140.07% | $883K | 0.43% | — | HELD |
| 17 | CEF | SPROTT ASSET MANAGEMENT LP | $44.13 | -5.81% | 47.39% | 136.75% | $716K | 0.35% | −10,000 | −40.0% |
| 18 | PHO | INVESCO EXCHANGE TRADED FD T | $66.31 | -0.12% | -3.67% | 19.81% | $495K | 0.24% | — | HELD |
| 19 | MSFT | MICROSOFT CORP | $416.67 | -2.66% | -10.71% | 52.39% | — | — | −1,420 | EXITED |
| 20 | MA | MASTERCARD INCORPORATED | $491.08 | 1.93% | -16.29% | 31.00% | — | — | −1,110 | EXITED |
| 21 | PCG | PG&E CORP | $17.11 | 1.72% | 10.44% | 97.47% | — | — | −30,900 | EXITED |
| 22 | GE | GE AEROSPACE | $328.00 | 0.11% | 28.99% | 419.83% | — | — | −1,580 | EXITED |
| 23 | HLT | HILTON WORLDWIDE HLDGS INC | $342.05 | -0.31% | 35.99% | 164.53% | — | — | −1,560 | EXITED |
| 24 | DHR | DANAHER CORPORATION | $184.30 | -1.25% | -5.33% | -28.54% | — | — | −1,870 | EXITED |
| 25 | CME | CME GROUP INC | $257.40 | 0.52% | -2.55% | 48.93% | — | — | −1,440 | EXITED |
| 26 | RACE | FERRARI N V | $350.79 | 1.10% | -27.27% | 65.39% | — | — | −940 | EXITED |
Source: SEC EDGAR · accession 0001214659-26-006472. 13F discloses long positions only — shorts, foreign equities, and options are excluded.