Stenham Asset Management Ltd Diversified Active

Name: Stenham Asset Management Ltd Q1 2026 13F Filing | 13F Explorer
Creator: Stenham Asset Management Ltd
Published: 2026-05-15

Location: Guernsey

CIK: 0001840750 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $206M (100.0% shares, 0.0% debt)

Holdings (18)

New Positions (3)

HUT HUT 8 CORP 1.5%

Value $3.169M Shares 67,550 Est. Cost $56.58 Unrealized 0.0%

NAK NORTHERN DYNASTY MINERALS LT 1.4%

Value $2.864M Shares 2,046,000 Est. Cost $1.99 Unrealized 0.0%

YSS YORK SPACE SYSTEMS INC 1.2%

Value $2.453M Shares 110,651 Est. Cost $22.17 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HUT	HUT 8 CORP	67,550	$3.169M	1.5%	$56.58	0.0%	COM	44812J104
NAK	NORTHERN DYNASTY MINERALS LT	2,046,000	$2.864M	1.4%	$1.99	0.0%	COM NEW	66510M204
YSS	YORK SPACE SYSTEMS INC	110,651	$2.453M	1.2%	$22.17	—	COM	987084100

Increased Positions (2)

TSM TAIWAN SEMICONDUCTOR MANUFAC 3.7%

Value $7.617M (+153.6%) Shares 22,538 (+128.0%) Est. Cost $257.02 Unrealized —

IHAK ISHARES TR 0.5%

Value $1.028M (+4.9%) Shares 23,559 (+15.6%) Est. Cost $50.61 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MANUFAC	22,538 (+128.0%)	$7.617M (+153.6%)	3.7%	$257.02	—	SPONSORED ADS	874039100
IHAK	ISHARES TR	23,559 (+15.6%)	$1.028M (+4.9%)	0.5%	$50.61	—	CYBERSECURITY	46435U135

Exited Positions (8)

MSFT MICROSOFT CORP 0.3%

Value $687K Shares 1,420 Est. Cost $217.97 Unrealized +99.4%

MA MASTERCARD INCORPORATED 0.3%

Value $634K Shares 1,110 Est. Cost $328.79 Unrealized +63.9%

PCG PG&E CORP 0.2%

Value $497K Shares 30,900 Est. Cost $14.52 Unrealized +12.9%

GE GE AEROSPACE 0.2%

Value $487K Shares 1,580 Est. Cost $196.38 Unrealized +62.0%

HLT HILTON WORLDWIDE HLDGS INC 0.2%

Value $448K Shares 1,560 Est. Cost $248.38 Unrealized +22.8%

DHR DANAHER CORPORATION 0.2%

Value $428K Shares 1,870 Est. Cost $212.04 Unrealized +6.0%

CME CME GROUP INC 0.2%

Value $393K Shares 1,440 Est. Cost $268.65 Unrealized +7.7%

RACE FERRARI N V 0.2%

Value $347K Shares 940 Est. Cost $445.20 Unrealized -19.9%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	1,420	$687K	0.3%	$217.97	+99.4%	—	594918104
MA	MASTERCARD INCORPORATED	1,110	$634K	0.3%	$328.79	+63.9%	—	57636Q104
PCG	PG&E CORP	30,900	$497K	0.2%	$14.52	+12.9%	—	69331C108
GE	GE AEROSPACE	1,580	$487K	0.2%	$196.38	+62.0%	—	369604301
HLT	HILTON WORLDWIDE HLDGS INC	1,560	$448K	0.2%	$248.38	+22.8%	—	43300A203
DHR	DANAHER CORPORATION	1,870	$428K	0.2%	$212.04	+6.0%	—	235851102
CME	CME GROUP INC	1,440	$393K	0.2%	$268.65	+7.7%	—	12572Q105
RACE	FERRARI N V	940	$347K	0.2%	$445.20	-19.9%	—	N3167Y103

Decreased Positions (5)

NVDA NVIDIA CORPORATION 2.9%

Value $5.896M (-48.8%) Shares 33,810 (-45.2%) Est. Cost $186.13 Unrealized +0.3%

GLD SPDR GOLD TR 67.9%

Value $140M (+3.2%) Shares 325,001 (-4.9%) Est. Cost $288.14 Unrealized —

AMZN AMAZON COM INC 3.9%

Value $7.973M (-13.8%) Shares 38,280 (-4.5%) Est. Cost $219.07 Unrealized +3.5%

CEF SPROTT ASSET MANAGEMENT LP 0.3%

Value $716K (-37.5%) Shares 15,000 (-40.0%) Est. Cost $17.16 Unrealized —

UNP UNION PAC CORP 3.7%

Value $7.603M (-2.3%) Shares 31,338 (-6.9%) Est. Cost $230.31 Unrealized +5.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	33,810 (-45.2%)	$5.896M (-48.8%)	2.9%	$186.13	+0.3%	COM	67066G104
GLD	SPDR GOLD TR	325,001 (-4.9%)	$140M (+3.2%)	67.9%	$288.14	—	GOLD SHS	78463V107
AMZN	AMAZON COM INC	38,280 (-4.5%)	$7.973M (-13.8%)	3.9%	$219.07	+3.5%	COM	023135106
CEF	SPROTT ASSET MANAGEMENT LP	15,000 (-40.0%)	$716K (-37.5%)	0.3%	$17.16	—	PHYSICAL GOLD AN	85208R101
UNP	UNION PAC CORP	31,338 (-6.9%)	$7.603M (-2.3%)	3.7%	$230.31	+5.6%	COM	907818108

Unchanged Positions (8)

TLN TALEN ENERGY CORP 3.3%

Value $6.863M Shares 21,500 Est. Cost $388.68 Unrealized -5.3%

HON HONEYWELL INTL INC 4.1%

Value $8.463M Shares 37,441 Est. Cost $195.03 Unrealized +15.8%

AER AERCAP HOLDINGS NV 3.0%

Value $6.159M Shares 44,900 Est. Cost $107.75 Unrealized +35.3%

CRH CRH PLC 0.4%

Value $883K Shares 8,400 Est. Cost $97.65 Unrealized +27.3%

SLV ISHARES SILVER TR 0.9%

Value $1.887M Shares 27,700 Est. Cost $24.57 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.4%

Value $895K Shares 1,867 Est. Cost $486.33 Unrealized +1.5%

TKO TKO GROUP HOLDINGS INC 0.5%

Value $1.069M Shares 5,300 Est. Cost $150.96 Unrealized +36.2%

PHO INVESCO EXCHANGE TRADED FD T 0.2%

Value $495K Shares 7,400 Est. Cost $46.49 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TLN	TALEN ENERGY CORP	21,500	$6.863M	3.3%	$388.68	-5.3%	COM	87422Q109
HON	HONEYWELL INTL INC	37,441	$8.463M	4.1%	$195.03	+15.8%	COM	438516106
AER	AERCAP HOLDINGS NV	44,900	$6.159M	3.0%	$107.75	+35.3%	SHS	N00985106
CRH	CRH PLC	8,400	$883K	0.4%	$97.65	+27.3%	ORD	G25508105
SLV	ISHARES SILVER TR	27,700	$1.887M	0.9%	$24.57	—	ISHARES	46428Q109
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,867	$895K	0.4%	$486.33	+1.5%	CL B NEW	084670702
TKO	TKO GROUP HOLDINGS INC	5,300	$1.069M	0.5%	$150.96	+36.2%	CL A	87256C101
PHO	INVESCO EXCHANGE TRADED FD T	7,400	$495K	0.2%	$46.49	—	WATER RES ETF	46137V142