Stenham Asset Management Ltd

Q3 2025 13F-HR Holdings

Location
Guernsey, Y7
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
21
Total value ($000)
$173,923
Net value change ($000)
-55,490 (-24.2%)
New positions
3
Sold out positions
6
Turnover %
17.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GLD 17,514 16.5%
UNP 3,287 75.4%
AMZN 1,948 28.4%
IHAK 905 NEW
BRK-B 798 NEW
TKO 790 11.0%
PCG 466 NEW
SLV 287 29.2%
AER 241 3.4%
CRH 236 30.6%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -9,228 -92.6%
MA -9,096 -93.5%
CP -9,068 -100.0%
TSM -7,596 -77.8%
HLT -6,483 -94.1%
AFG -6,462 -100.0%
DHR -6,023 -94.2%
RACE -5,598 -93.7%
GE -5,386 -91.9%
ZTS -4,710 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type