Stenham Asset Management Ltd — 13F Holdings & Portfolio
CIK 1840750 · latest 13F-HR filed 2026-05-15
Stenham Asset Management Ltd manages $205.9M in 13F-reported U.S. long-equity assets across 18 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are GLD (67.93%), HON (4.11%), AMZN (3.87%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 3 new positions, exited 8, added to 3, and trimmed 6.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$205.9M
Long-equity book
18
Distinct positions
2026-03-31
Filed 2026-05-15
+3 / −8 / ↑3 / ↓6
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- TAIWAN SEMICONDUCTOR MANUFAC$4.6M +153.6%
- HONEYWELL INTL INC$1.2M +15.9%
- ISHARES SILVER TR$103.0K +5.8%
Top Trims
- NVIDIA CORPORATION-$5.6M -48.8%
- AMAZON COM INC-$1.3M -13.8%
- TALEN ENERGY CORP-$1.2M -14.8%
- SPROTT ASSET MANAGEMENT LP-$429.2K -37.5%
- CRH PLC-$165.3K -15.8%
New Positions
- HUT 8 CORP$3.2M
- NORTHERN DYNASTY MINERALS LT$2.9M
- YORK SPACE SYSTEMS INC$2.5M
Exited Positions
- MICROSOFT CORP$686.7K
- MASTERCARD INCORPORATED$633.7K
- PG&E CORP$496.6K
- GE AEROSPACE$486.7K
- HILTON WORLDWIDE HLDGS INC$448.1K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | SPDR GOLD TR | GLD | 78463V107 | $139.8M | 67.93% | 325,001 | SH |
| 2 | HONEYWELL INTL INC | HON | 438516106 | $8.5M | 4.11% | 37,441 | SH |
| 3 | AMAZON COM INC | AMZN | 023135106 | $8.0M | 3.87% | 38,280 | SH |
| 4 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $7.6M | 3.70% | 22,538 | SH |
| 5 | UNION PAC CORP | UNP | 907818108 | $7.6M | 3.69% | 31,338 | SH |
| 6 | TALEN ENERGY CORP | TLN | 87422Q109 | $6.9M | 3.33% | 21,500 | SH |
| 7 | AERCAP HOLDINGS NV | AER | N00985106 | $6.2M | 2.99% | 44,900 | SH |
| 8 | NVIDIA CORPORATION | NVDA | 67066G104 | $5.9M | 2.86% | 33,810 | SH |
| 9 | HUT 8 CORP | HUT | 44812J104 | $3.2M | 1.54% | 67,550 | SH |
| 10 | NORTHERN DYNASTY MINERALS LT | NAK | 66510M204 | $2.9M | 1.39% | 2,046,000 | SH |
| 11 | YORK SPACE SYSTEMS INC | YSS | 987084100 | $2.5M | 1.19% | 110,651 | SH |
| 12 | ISHARES SILVER TR | SLV | 46428Q109 | $1.9M | 0.92% | 27,700 | SH |
| 13 | TKO GROUP HOLDINGS INC | TKO | 87256C101 | $1.1M | 0.52% | 5,300 | SH |
| 14 | ISHARES TR | IHAK | 46435U135 | $1.0M | 0.50% | 23,559 | SH |
| 15 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $894.7K | 0.43% | 1,867 | SH |
| 16 | CRH PLC | CRH | G25508105 | $883.0K | 0.43% | 8,400 | SH |
| 17 | SPROTT ASSET MANAGEMENT LP | CEF | 85208R101 | $715.8K | 0.35% | 15,000 | SH |
| 18 | INVESCO EXCHANGE TRADED FD T | PHO | 46137V142 | $494.8K | 0.24% | 7,400 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $205.9M | 18 | 0001214659-26-006472 |
| 2025-12-31 | 2026-02-17 | $200.3M | 23 | 0001214659-26-001986 |
| 2025-09-30 | 2025-11-14 | $173.9M | 21 | 0001214659-25-016640 |