SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Stenham Asset Management Ltd

CIK 0001840750 · KINGSWAY HOUSE HAVILLAND STREET, ST PETER PORT, GUERNSEY, GY1 2QE · 00441481716387

Reported Value
$142M
Q1 2021
Positions
26
Filings on Record
10
2019–present window
Filed
May 7, 2021
original filing

Summary

Stenham Asset Management Ltd reported $142M in U.S.-listed holdings across 26 positions for Q1 2021.

Its largest position, TSM, represents 16.0% of the portfolio.

Compared with Q4 2020, the fund opened 6 new positions and exited 3.

Portfolio Metrics

Turnover
+13.8%
vs prior filed quarter
Top-10 Concentration
+68.7%
share of reported value
Largest Position
+16.0%
Taiwan Semiconductor Mfg
New / Exited
6 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’20: $119MQ4 ’20Q1 ’21: $142MQ2 ’21: $163MQ2 ’21Q3 ’21: $153MQ4 ’21: $153MQ4 ’21Q1 ’25: $246MQ2 ’25: $229MQ2 ’25Q3 ’25: $174MQ4 ’25: $200MQ4 ’25Q1 ’26: $206Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 70.5%ADR: 16.0%REIT: 7.7%Other: 4.5%ETP: 0.7%Other: 0.6%
  • Common Stock · 70.5% · $100M
  • ADR · 16.0% · $23M
  • REIT · 7.7% · $11M
  • Other · 4.5% · $6M
  • ETP · 0.7% · $1M
  • Other · 0.6% · $806,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
COSTCOSTCO WHSL CORP NEWNEW+18.0K18.0K+$6M$6M
ADSKAUTODESK INCNEW+22.0K22.0K+$6M$6M
EPIEURESSA PHARMA INCNEW+147.1K147.1K+$4M$4M
SCORE MEDIA & GAMING INCNEW+145.0K145.0K+$4M$4M
FATEFATE THERAPEUTICS INCNEW+33.9K33.9K+$3M$3M
2JQGRITSTONE ONCOLOGY INCNEW+150.0K150.0K+$1M$1M
MSCIMSCI INCSOLD OUT12.0K0$5M$0
ZYMEUSDZYMEWORKS INCSOLD OUT50.0K0$2M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2021

26 positions
#IssuerClass% PortfolioValueShares
1TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS15.99%$23M191.8K
2MAMASTERCARD INCORPORATEDhistory →CL A10.04%$14M40.0K
3EQIXEQUINIX INChistory →COM7.69%$11M16.1K
4BKNGBOOKING HOLDINGS INChistory →COM5.91%$8M3.6K
5GOOGALPHABET INChistory →CAP STK CL C5.14%$7M3.5K
6CHTRCHARTER COMMUNICATIONS INChistory →CL A5.10%$7M11.7K
7ACRSACLARIS THERAPEUTICS INChistory →COM5.04%$7M283.5K
8LBRDKLIBERTY BROADBAND CORPhistory →COM SER C5.03%$7M47.5K
9COSTCOSTCO WHSL CORP NEWhistory →COM4.47%$6M18.0K
10ADSKAUTODESK INChistory →COM4.30%$6M22.0K
11MSFTMICROSOFT CORPhistory →COM3.99%$6M24.0K
12VVISA INChistory →COM CL A3.96%$6M26.5K
13PYPLPAYPAL HLDGS INChistory →COM3.80%$5M22.2K
14AMZNAMAZON COM INChistory →COM3.71%$5M1.7K
15DISHDISH NETWORK CORPORATIONhistory →CL A3.24%$5M127.0K
16EPIEURESSA PHARMA INChistory →COM NEW3.01%$4M147.1K
17SCORE MEDIA & GAMING INCCL A SUB VTG SHS2.74%$4M145.0K
18FATEFATE THERAPEUTICS INChistory →COM1.97%$3M33.9K
19ASCENDIS PHARMA A/SSPONSORED ADR1.76%$3M19.4K
202JQGRITSTONE ONCOLOGY INCCOM1.00%$1M150.0K
21ADVMCHFADVERUM BIOTECHNOLOGIES INCCOM0.77%$1M111.0K
22SPROTT PHYSICAL GOLD & SILVETR UNIT0.57%$806,00046.4K
23SLVISHARES SILVER TRISHARES0.48%$681,00030.0K
24INVESCOWATER RES ETF0.26%$366,0007.4K
25MSONMISONIXCOM0.03%$49,0002.5K
26BYNDBEYOND MEAT INCCOM0.01%$13,000100

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$206M18May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$200M23Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$174M21Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$229M24Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$246M28May 15, 202513F-HRchanges · EDGAR ↗
Q4 2021$153M22Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$153M24Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$163M26Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$142M26May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$119M23Feb 2, 202113F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.