SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Stenham Asset Management Ltd

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

Reported Value
$153M
Q4 2021
Positions
22
Filings on Record
10
2019–present window
Filed
Feb 9, 2022
original filing

Summary

Stenham Asset Management Ltd reported $153M in U.S.-listed holdings across 22 positions for Q4 2021.

Its largest position, MA, represents 11.1% of the portfolio.

Compared with Q3 2021, the fund opened 1 new position and exited 3.

Portfolio Metrics

Turnover
+15.2%
vs prior filed quarter
Top-10 Concentration
+68.8%
share of reported value
Largest Position
+11.1%
Mastercard Incorporated
New / Exited
1 / 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: 80.1%ADR: 10.4%REIT: 4.4%Other: 3.8%ETP: 0.7%Other: 0.5%
  • Common Stock · 80.1% · $123M
  • ADR · 10.4% · $16M
  • REIT · 4.4% · $7M
  • Other · 3.8% · $6M
  • ETP · 0.7% · $1M
  • Other · 0.5% · $824,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CANADIAN PAC RY LTDNEW+80.8K80.8K+$6M$6M
BKNGBOOKING HOLDINGS INCSOLD OUT3.6K0$9M$0
MRTXEURMIRATI THERAPEUTICS INCSOLD OUT19.3K0$3M$0
EPIEURESSA PHARMA INCSOLD OUT104.0K0$832,000$0
MTCHMATCH GROUP INC NEWADDED+22.3K47.0K+$2M$6M
PYPLPAYPAL HLDGS INCADDED+11.8K34.5K+$599,000$7M
VVISA INCTRIMMED17.0K30.0K$4M$7M
FTCHQFARFETCH LTDTRIMMED52.5K95.5K$2M$3M

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

Holdings — Q4 2021

22 positions
#IssuerClass% PortfolioValueShares
1MAMASTERCARD INCORPORATEDhistory →CL A11.09%$17M47.3K
2TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS10.42%$16M132.6K
3MRVLMARVELL TECHNOLOGY INChistory →COM8.14%$12M142.4K
4TECK/BTECK RESOURCES LTDhistory →CL B6.76%$10M359.0K
5MSFTMICROSOFT CORPhistory →COM5.93%$9M27.0K
6AMATAPPLIED MATLS INChistory →COM5.70%$9M55.5K
7ADSKAUTODESK INChistory →COM5.60%$9M30.5K
8GOOGALPHABET INChistory →CAP STK CL C5.34%$8M2.8K
9LBRDKLIBERTY BROADBAND CORPhistory →COM SER A5.05%$8M48.0K
10CHTRCHARTER COMMUNICATIONS INChistory →CL A4.77%$7M11.2K
11EQIXEQUINIX INChistory →COM4.42%$7M8.0K
12COSTCOSTCO WHSL CORP NEWhistory →COM4.36%$7M11.8K
13PYPLPAYPAL HLDGS INChistory →COM4.25%$7M34.5K
14VVISA INChistory →COM CL A4.25%$7M30.0K
15MTCHMATCH GROUP INC NEWhistory →COM4.06%$6M47.0K
16CANADIAN PAC RY LTDCOM3.80%$6M80.8K
17UTHUNITED THERAPEUTICS CORP DELhistory →COM2.72%$4M19.3K
18FTCHQFARFETCH LTDhistory →3.750% 5/02.09%$3M95.5K
19SPROTT PHYSICAL GOLD & SILVETR UNIT0.54%$824,00046.4K
20SLVISHARES SILVER TRISHARES0.42%$645,00030.0K
21INVESCOAEROSPACE0.29%$450,0007.4K
22BYNDBEYOND MEAT INCCOM0.00%$7,000100

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 ↗.