QSM Asset Management Ltd Concentrated Active

CIK: 0002058325 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 15, 2026

Total Value ($000): $174,733 (100.0% shares, 0.0% debt)

Holdings (21)

New Positions (2)

BAX BAXTER INTL INC 3.7%

Value ($000) $6,511 Shares 340,700 Est. Cost $20.00 Unrealized 0.0%

AA ALCOA CORP 2.7%

Value ($000) $4,783 Shares 90,000 Est. Cost $40.88 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BAX	BAXTER INTL INC	340,700	$6,511	3.7%	$20.00	0.0%	COM	071813109
AA	ALCOA CORP	90,000	$4,783	2.7%	$40.88	0.0%	COM	013872106

Increased Positions (12)

RIO RIO TINTO PLC 10.6%

Value ($000) $18,463 (+60.4%) Shares 230,700 (+32.1%) Est. Cost $69.31 Unrealized —

VTRS VIATRIS INC 9.5%

Value ($000) $16,554 (+42.7%) Shares 1,329,640 (+10.0%) Est. Cost $10.28 Unrealized +4.3%

FANG DIAMONDBACK ENERGY INC 5.2%

Value ($000) $9,170 (+112.8%) Shares 61,000 (+100.0%) Est. Cost $143.95 Unrealized +2.2%

CNH CNH INDL N V 5.2%

Value ($000) $9,029 (+42.5%) Shares 979,320 (+66.7%) Est. Cost $10.75 Unrealized -7.1%

CAG CONAGRA BRANDS INC 7.0%

Value ($000) $12,200 (+28.2%) Shares 704,805 (+33.2%) Est. Cost $21.65 Unrealized -18.6%

CE CELANESE CORP DEL 2.0%

Value ($000) $3,581 (+108.2%) Shares 84,698 (+102.2%) Est. Cost $50.34 Unrealized -19.0%

EMN EASTMAN CHEM CO 4.4%

Value ($000) $7,676 (+30.6%) Shares 120,258 (+27.0%) Est. Cost $79.69 Unrealized -23.5%

VFC V F CORP 3.6%

Value ($000) $6,262 (+39.5%) Shares 346,347 (+9.1%) Est. Cost $20.73 Unrealized -21.8%

PFE PFIZER INC 7.2%

Value ($000) $12,620 (+11.9%) Shares 506,843 (+10.0%) Est. Cost $24.53 Unrealized +2.1%

MHK MOHAWK INDS INC 5.6%

Value ($000) $9,699 (+16.1%) Shares 88,736 (+33.4%) Est. Cost $126.71 Unrealized -9.4%

VSTS VESTIS CORPORATION 1.5%

Value ($000) $2,535 (+88.4%) Shares 380,072 (+25.0%) Est. Cost $12.80 Unrealized -54.5%

PYPL PAYPAL HLDGS INC 3.8%

Value ($000) $6,682 (+2.9%) Shares 114,461 (+19.9%) Est. Cost $79.82 Unrealized -18.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RIO	RIO TINTO PLC	230,700 (+32.1%)	$18,463 (+60.4%)	10.6%	$69.31	—	SPONSORED ADR	767204100
VTRS	VIATRIS INC	1,329,640 (+10.0%)	$16,554 (+42.7%)	9.5%	$10.28	+4.3%	COM	92556V106
FANG	DIAMONDBACK ENERGY INC	61,000 (+100.0%)	$9,170 (+112.8%)	5.2%	$143.95	+2.2%	COM	25278X109
CNH	CNH INDL N V	979,320 (+66.7%)	$9,029 (+42.5%)	5.2%	$10.75	-7.1%	SHS	N20944109
CAG	CONAGRA BRANDS INC	704,805 (+33.2%)	$12,200 (+28.2%)	7.0%	$21.65	-18.6%	COM	205887102
CE	CELANESE CORP DEL	84,698 (+102.2%)	$3,581 (+108.2%)	2.0%	$50.34	-19.0%	COM	150870103
EMN	EASTMAN CHEM CO	120,258 (+27.0%)	$7,676 (+30.6%)	4.4%	$79.69	-23.5%	COM	277432100
VFC	V F CORP	346,347 (+9.1%)	$6,262 (+39.5%)	3.6%	$20.73	-21.8%	COM	918204108
PFE	PFIZER INC	506,843 (+10.0%)	$12,620 (+11.9%)	7.2%	$24.53	+2.1%	COM	717081103
MHK	MOHAWK INDS INC	88,736 (+33.4%)	$9,699 (+16.1%)	5.6%	$126.71	-9.4%	COM	608190104
VSTS	VESTIS CORPORATION	380,072 (+25.0%)	$2,535 (+88.4%)	1.5%	$12.80	-54.5%	COM SHS	29430C102
PYPL	PAYPAL HLDGS INC	114,461 (+19.9%)	$6,682 (+2.9%)	3.8%	$79.82	-18.8%	COM	70450Y103

Exited Positions (1)

SEE SEALED AIR CORP NEW 2.3%

Value ($000) $4,075 Shares 117,616 Est. Cost $34.70 Unrealized +11.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SEE	SEALED AIR CORP NEW	117,616	$4,075	2.3%	$34.70	+11.2%	—	81211K100

Decreased Positions (1)

OXY OCCIDENTAL PETE CORP 5.1%

Value ($000) $8,836 (-14.3%) Shares 214,880 (-3.1%) Est. Cost $44.74 Unrealized -7.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OXY	OCCIDENTAL PETE CORP	214,880 (-3.1%)	$8,836 (-14.3%)	5.1%	$44.74	-7.1%	COM	674599105

Unchanged Positions (6)

NWL NEWELL BRANDS INC 2.3%

Value ($000) $4,007 Shares 1,077,089 Est. Cost $7.45 Unrealized -46.5%

INTC INTEL CORP 7.7%

Value ($000) $13,404 Shares 363,254 Est. Cost $22.41 Unrealized +68.5%

ZBH ZIMMER BIOMET HOLDINGS INC 6.8%

Value ($000) $11,820 Shares 131,450 Est. Cost $102.58 Unrealized -7.8%

ACLS AXCELIS TECHNOLOGIES INC 2.4%

Value ($000) $4,271 Shares 53,166 Est. Cost $57.05 Unrealized +46.8%

IPGP IPG PHOTONICS CORP 2.1%

Value ($000) $3,711 Shares 51,832 Est. Cost $70.08 Unrealized +16.4%

WHR WHIRLPOOL CORP 1.7%

Value ($000) $2,918 Shares 40,456 Est. Cost $83.19 Unrealized -11.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NWL	NEWELL BRANDS INC	1,077,089	$4,007	2.3%	$7.45	-46.5%	COM	651229106
INTC	INTEL CORP	363,254	$13,404	7.7%	$22.41	+68.5%	COM	458140100
ZBH	ZIMMER BIOMET HOLDINGS INC	131,450	$11,820	6.8%	$102.58	-7.8%	COM	98956P102
ACLS	AXCELIS TECHNOLOGIES INC	53,166	$4,271	2.4%	$57.05	+46.8%	COM NEW	054540208
IPGP	IPG PHOTONICS CORP	51,832	$3,711	2.1%	$70.08	+16.4%	COM	44980X109
WHR	WHIRLPOOL CORP	40,456	$2,918	1.7%	$83.19	-11.3%	COM	963320106