Stenham Asset Management Ltd Diversified Active

CIK: 0001840750 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $200,319 (100.0% shares, 0.0% debt)

Holdings (23)

New Positions (3)

NVDA NVIDIA CORPORATION 5.7%

Value ($000) $11,514 Shares 61,737 Est. Cost $186.13 Unrealized 0.0%

TLN TALEN ENERGY CORP 4.0%

Value ($000) $8,059 Shares 21,500 Est. Cost $388.68 Unrealized 0.0%

HON HONEYWELL INTL INC 3.6%

Value ($000) $7,304 Shares 37,441 Est. Cost $195.03 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	61,737	$11,514	5.7%	$186.13	0.0%	COM	67066G104
TLN	TALEN ENERGY CORP	21,500	$8,059	4.0%	$388.68	0.0%	COM	87422Q109
HON	HONEYWELL INTL INC	37,441	$7,304	3.6%	$195.03	0.0%	COM	438516106

Increased Positions (6)

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.5%

Value ($000) $3,003 (+38.9%) Shares 9,883 (+27.7%) Est. Cost $153.38 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.5%

Value ($000) $938 (+17.5%) Shares 1,867 (+17.6%) Est. Cost $486.33 Unrealized +2.3%

UNP UNION PAC CORP 3.9%

Value ($000) $7,786 (+1.8%) Shares 33,657 (+4.0%) Est. Cost $230.31 Unrealized -1.3%

IHAK ISHARES TR 0.5%

Value ($000) $981 (+8.3%) Shares 20,378 (+17.8%) Est. Cost $51.69 Unrealized —

CME CME GROUP INC 0.2%

Value ($000) $393 (+9.4%) Shares 1,440 (+8.3%) Est. Cost $268.65 Unrealized +0.8%

RACE FERRARI N V 0.2%

Value ($000) $347 (-7.0%) Shares 940 (+22.1%) Est. Cost $445.20 Unrealized -10.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	9,883 (+27.7%)	$3,003 (+38.9%)	1.5%	$153.38	—	SPONSORED ADS	874039100
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,867 (+17.6%)	$938 (+17.5%)	0.5%	$486.33	+2.3%	CL B NEW	084670702
UNP	UNION PAC CORP	33,657 (+4.0%)	$7,786 (+1.8%)	3.9%	$230.31	-1.3%	COM	907818108
IHAK	ISHARES TR	20,378 (+17.8%)	$981 (+8.3%)	0.5%	$51.69	—	CYBERSECURITY	46435U135
CME	CME GROUP INC	1,440 (+8.3%)	$393 (+9.4%)	0.2%	$268.65	+0.8%	COM	12572Q105
RACE	FERRARI N V	940 (+22.1%)	$347 (-7.0%)	0.2%	$445.20	-10.1%	COM	N3167Y103

Exited Positions (1)

CNM CORE & MAIN INC 3.6%

Value ($000) $7,159 Shares 133,000 Est. Cost $53.49 Unrealized -4.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CNM	CORE & MAIN INC	133,000	$7,159	3.6%	$53.49	-4.1%	—	21874C102

Decreased Positions (4)

GLD SPDR GOLD TR 67.6%

Value ($000) $135,501 (+9.6%) Shares 341,907 (-1.7%) Est. Cost $288.14 Unrealized —

TKO TKO GROUP HOLDINGS INC 0.6%

Value ($000) $1,108 (-86.1%) Shares 5,300 (-86.6%) Est. Cost $150.96 Unrealized +28.4%

AER AERCAP HOLDINGS NV 3.2%

Value ($000) $6,455 (-11.4%) Shares 44,900 (-25.4%) Est. Cost $107.75 Unrealized +22.9%

SLV ISHARES SILVER TR 0.9%

Value ($000) $1,784 (+40.4%) Shares 27,700 (-7.7%) Est. Cost $24.57 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	341,907 (-1.7%)	$135,501 (+9.6%)	67.6%	$288.14	—	GOLD SHS	78463V107
TKO	TKO GROUP HOLDINGS INC	5,300 (-86.6%)	$1,108 (-86.1%)	0.6%	$150.96	+28.4%	CL A	87256C101
AER	AERCAP HOLDINGS NV	44,900 (-25.4%)	$6,455 (-11.4%)	3.2%	$107.75	+22.9%	SHS	N00985106
SLV	ISHARES SILVER TR	27,700 (-7.7%)	$1,784 (+40.4%)	0.9%	$24.57	—	ISHARES	46428Q109

Unchanged Positions (10)

AMZN AMAZON COM INC 4.6%

Value ($000) $9,251 Shares 40,080 Est. Cost $219.07 Unrealized +4.4%

CEF SPROTT ASSET MANAGEMENT LP 0.6%

Value ($000) $1,145 Shares 25,000 Est. Cost $17.16 Unrealized —

DHR DANAHER CORPORATION 0.2%

Value ($000) $428 Shares 1,870 Est. Cost $212.04 Unrealized +3.5%

MSFT MICROSOFT CORP 0.3%

Value ($000) $687 Shares 1,420 Est. Cost $217.97 Unrealized +129.7%

HLT HILTON WORLDWIDE HLDGS INC 0.2%

Value ($000) $448 Shares 1,560 Est. Cost $248.38 Unrealized +9.6%

CRH CRH PLC 0.5%

Value ($000) $1,048 Shares 8,400 Est. Cost $97.65 Unrealized +22.0%

PCG PG&E CORP 0.2%

Value ($000) $497 Shares 30,900 Est. Cost $14.52 Unrealized +9.7%

PHO INVESCO EXCHANGE TRADED FD T 0.3%

Value ($000) $521 Shares 7,400 Est. Cost $46.49 Unrealized —

GE GE AEROSPACE 0.2%

Value ($000) $487 Shares 1,580 Est. Cost $196.38 Unrealized +53.2%

MA MASTERCARD INCORPORATED 0.3%

Value ($000) $634 Shares 1,110 Est. Cost $328.79 Unrealized +70.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	40,080	$9,251	4.6%	$219.07	+4.4%	COM	023135106
CEF	SPROTT ASSET MANAGEMENT LP	25,000	$1,145	0.6%	$17.16	—	PHYSICAL GOLD AN	85208R101
DHR	DANAHER CORPORATION	1,870	$428	0.2%	$212.04	+3.5%	COM	235851102
MSFT	MICROSOFT CORP	1,420	$687	0.3%	$217.97	+129.7%	COM	594918104
HLT	HILTON WORLDWIDE HLDGS INC	1,560	$448	0.2%	$248.38	+9.6%	COM	43300A203
CRH	CRH PLC	8,400	$1,048	0.5%	$97.65	+22.0%	ORD	G25508105
PCG	PG&E CORP	30,900	$497	0.2%	$14.52	+9.7%	COM	69331C108
PHO	INVESCO EXCHANGE TRADED FD T	7,400	$521	0.3%	$46.49	—	WATER RES ETF	46137V142
GE	GE AEROSPACE	1,580	$487	0.2%	$196.38	+53.2%	COM NEW	369604301
MA	MASTERCARD INCORPORATED	1,110	$634	0.3%	$328.79	+70.0%	CL A	57636Q104