Managers / Q2 2025 · view latest →
Stenham Asset Management Ltd
CIK 0001840750 · KINGSWAY HOUSE HAVILLAND STREET, ST PETER PORT, GUERNSEY, GY1 2QE · 00441481716387
Summary
Stenham Asset Management Ltd reported $229M in U.S.-listed holdings across 24 positions for Q2 2025.
The portfolio is heavily concentrated: GQ9 alone accounts for 46.3% of reported value.
Compared with Q1 2025, the fund opened 5 new positions and exited 9.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 46.9% · $108M
- Common Stock · 42.5% · $97M
- Other · 6.0% · $14M
- ADR · 4.3% · $10M
- Closed-End Fund · 0.3% · $752,500
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CNMCORE & MAIN INC | NEW | +133.0K | 133.0K | +$8M | $8M |
| AERCAP HOLDINGS NV | NEW | +60.2K | 60.2K | +$7M | $7M |
| CMECME GROUP INC | NEW | +15.7K | 15.7K | +$4M | $4M |
| METAMETA PLATFORMS INC | NEW | +2.9K | 2.9K | +$2M | $2M |
| GOOGALPHABET INC | NEW | +7.4K | 7.4K | +$1M | $1M |
| TMOTHERMO FISHER SCIENTIFIC INC | SOLD OUT | −16.1K | 0 | −$8M | $0 |
| CMACOMERICA INC | SOLD OUT | −97.5K | 0 | −$6M | $0 |
| AVGOBROADCOM INC | SOLD OUT | −25.1K | 0 | −$4M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $206M | 18 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $200M | 23 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $174M | 21 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $229M | 24 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $246M | 28 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $153M | 22 | Feb 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $153M | 24 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $163M | 26 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $142M | 26 | May 7, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $119M | 23 | Feb 2, 2021 | 13F-HR | changes · 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 ↗.