Stenham Asset Management Ltd reported 13 positions worth $137.15M for the quarter ended Jun 30, 2026, down 32.9% on the prior quarter. It opened 4 new positions, added to 1, trimmed 3 and exited 7. Its largest holding is Spdr Gold Trust at 86.4% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co Ltd | -18.5K | -82.0% | $8.83M | 1.41% |
| HON Honeywell International Inc | -18.7K | -100.0% | $8.46M | Exited |
| AMZN Amazon Com Inc | -33.6K | -87.7% | $8.00M | 0.817% |
| UNP Union Pacific Corp | -31.3K | -100.0% | $7.60M | Exited |
| TLN Talen Energy Corp | -21.5K | -100.0% | $6.86M | Exited |
| AER AerCap Holdings N.V. | -44.9K | -100.0% | $6.16M | Exited |
| NVDA Nvidia Corp | -33.8K | -100.0% | $5.90M | Exited |
| HUT Hut 8 Corp. | -67.6K | -100.0% | $3.17M | Exited |
| GLD Spdr Gold Trust | -3,342 | -1.0% | $1.23M | 86.4% |
| CRH Crh Public Ltd Co | -8,400 | -100.0% | $883.01K | Exited |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| HON Honeywell International Inc | -18.7K | $8.46M | 4.14% |
| UNP Union Pacific Corp | -31.3K | $7.60M | 3.72% |
| TLN Talen Energy Corp | -21.5K | $6.86M | 3.36% |
| AER AerCap Holdings N.V. | -44.9K | $6.16M | 3.01% |
| NVDA Nvidia Corp | -33.8K | $5.90M | 2.89% |
| HUT Hut 8 Corp. | -67.6K | $3.17M | 1.55% |
| CRH Crh Public Ltd Co | -8,400 | $883.01K | 0.432% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | GLD Spdr Gold Trust | Financial Services | 321.7K | $118.49M | 86.4% | -3,342 | -1.0% | Reduced | 0.09% |
| 2 | NAK Northern Dynasty Minerals Ltd | Basic Materials | 2.05M | $3.93M | 2.86% | 0 | 0.0% | Unchanged | 0.39% |
| 3 | YSS York Space Systems Inc. | Industrials | 110.7K | $2.72M | 1.99% | 0 | 0.0% | Unchanged | 0.09% |
| 4 | TSM Taiwan Semiconductor Manufacturing Co Ltd | Technology | 4,047 | $1.93M | 1.41% | -18.5K | -82.0% | Reduced | 0% |
| 5 | SNDK Sandisk Corp | Technology | 710 | $1.61M | 1.18% | +710 | – | New | 0% |
| 6 | HBM Hudbay Minerals Inc. | Basic Materials | 65.6K | $1.55M | 1.13% | +65.6K | – | New | 0.02% |
| 7 | SLV iShares Silver Trust | Others | 27.7K | $1.48M | 1.08% | 0 | 0.0% | Unchanged | 0.01% |
| 8 | AMZN Amazon Com Inc | Consumer Discretionary | 4,700 | $1.12M | 0.817% | -33.6K | -87.7% | Reduced | 0% |
| 9 | BRK-B Berkshire Hathaway Inc | Financial Services | 2,211 | $1.11M | 0.807% | +344 | +18.4% | Added | 0% |
| 10 | TKO TKO Group Holdings, Inc. | Communication Services | 5,300 | $1.07M | 0.778% | 0 | 0.0% | Unchanged | 0% |
| 11 | MGM MGM Resorts International | Consumer Discretionary | 21.0K | $1.00M | 0.732% | +21.0K | – | New | 0.01% |
| 12 | CEF Sprott Physical Gold & Silver Trust | Others | 15.0K | $603.45K | 0.44% | 0 | 0.0% | Unchanged | 0.01% |
| 13 | CORZ Core Scientific, Inc. | Technology | 20.4K | $522.04K | 0.381% | +20.4K | – | New | 0.01% |
Tip. Select a row to see that position’s full history at Stenham Asset Management.
As of its Q2 2026 13F filing, Stenham Asset Management Ltd’s five largest positions were Spdr Gold Trust (GLD) at 86.4%, Northern Dynasty Minerals Ltd (NAK) at 2.9%, York Space Systems Inc. (YSS) at 2.0%, Taiwan Semiconductor Manufacturing Co Ltd (TSM) at 1.4%, Sandisk Corp (SNDK) at 1.2% of the reported portfolio.
Stenham Asset Management Ltd reported a 13F portfolio worth $137.15M across 13 positions for Q2 2026. That is down 32.9% from the previous quarter.
Its largest purchases by value were Sandisk Corp ($1.61M), Hudbay Minerals Inc. ($1.55M), MGM Resorts International ($1.00M). It opened 4 new positions.
Its largest sales by value were Taiwan Semiconductor Manufacturing Co Ltd ($8.83M), Honeywell International Inc ($8.46M), Amazon Com Inc ($8.00M). It exited 7 positions entirely.
From the Form 13F-HR reports Stenham Asset Management Ltd files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.