Q2 2026 13F · SEC CIK 1840750
Stenham Asset Management Ltd
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $139.6M
- Reported positions
- 15
- Holdings vs S&P 500, 3 yrs
- —
- Assets under management
- $4.0B
Stenham Asset Management Ltd is a hedge fund that reported 15 positions worth $139.6M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Spdr Gold Tr (GLD, 84.9%), Northern Dynasty Minerals Lt (NAK, 2.8%), York Space Systems Inc (YSS, 2.0%).
Stenham Asset Management Ltd holdings all 15 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| GLDSpdr Gold Tr | 84.9% | -1.0% | $118.5M |
| NAKNorthern Dynasty Minerals Lt | 2.8% | +0.0% | $3.9M |
| YSSYork Space Systems Inc | 2.0% | +0.0% | $2.7M |
| IHAKIshares Tr | 1.4% | +38.9% | $2.0M |
| TSMTaiwan Semiconductor Manufac | 1.4% | -82.0% | $1.9M |
| SNDKSandisk Corp | 1.2% | — | $1.6M |
| HBMHudbay Minerals Inc | 1.1% | — | $1.5M |
| SLVIshares Silver Tr | 1.1% | +0.0% | $1.5M |
| AMZNAmazon Com Inc | 0.8% | -87.7% | $1.1M |
| BRK-BBerkshire Hathaway Inc Del | 0.8% | +18.4% | $1.1M |
| TKOTko Group Holdings Inc | 0.8% | +0.0% | $1.1M |
| MGMMgm Resorts International | 0.7% | — | $1.0M |
| CEFSprott Asset Management LP | 0.4% | +0.0% | $603K |
| CORZCore Scientific Inc New | 0.4% | — | $522K |
| PHOInvesco Exchange Traded Fd T | 0.4% | +0.0% | $511K |
What Stenham Asset Management Ltd bought and sold in Q2 2026, against Q1 2026.
New positions
- SNDK Sandisk Corp1.2% of 13F
- HBM Hudbay Minerals Inc1.1% of 13F
- MGM Mgm Resorts International0.7% of 13F
- CORZ Core Scientific Inc New0.4% of 13F
Added to
- IHAK Ishares Tr+38.9% shares
- BRK-B Berkshire Hathaway Inc Del+18.4% shares
Reduced
- AMZN Amazon Com Inc-87.7% shares
- TSM Taiwan Semiconductor Manufac-82.0% shares
Sold out
- HON Honeywell Intl. Incwas 4.1%
- UNP Union Pac Corpwas 3.7%
- TLN Talen Energy Corpwas 3.3%
- AER Aercap Holdings NVwas 3.0%
- NVDA Nvidia Corporationwas 2.9%
- HUT Hut 8 Corpwas 1.5%
- CRH Crh PLCwas 0.4%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +20.9% /yr
- S&P 500 +20.1%
- 3 years
- —
- 5 years
- —
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $139.6M | 15 |
| Q1 2026 | $205.9M | 18 |
| Q4 2025 | $200.3M | 23 |
| Q3 2025 | $173.9M | 21 |
| Q2 2025 | $229.4M | 24 |
| Q1 2025 | $245.7M | 28 |
| Q4 2021 | $153.1M | 22 |
| Q3 2021 | $153.4M | 24 |
| Q2 2021 | $163.1M | 26 |
| Q1 2021 | $141.9M | 26 |
| Q4 2020 | $118.9M | 23 |
Questions about Stenham Asset Management Ltd's portfolio
What stocks does Stenham Asset Management Ltd own?
Stenham Asset Management Ltd's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 15 positions worth $139.6M. The largest are Spdr Gold Tr (GLD) at 84.9%, Northern Dynasty Minerals Lt (NAK) at 2.8%, York Space Systems Inc (YSS) at 2.0%, Ishares Tr (IHAK) at 1.4% and Taiwan Semiconductor Manufac (TSM) at 1.4%.
What did Stenham Asset Management Ltd buy last quarter?
In Q2 2026, Stenham Asset Management Ltd added a new position in Sandisk Corp (SNDK), a new position in Hudbay Minerals Inc (HBM), a new position in Mgm Resorts International (MGM), a new position in Core Scientific Inc New (CORZ), Ishares Tr (IHAK) (+38.9% shares) and Berkshire Hathaway Inc Del (BRK-B) (+18.4% shares), compared with its Q1 2026 filing.
What did Stenham Asset Management Ltd sell last quarter?
In Q2 2026, Stenham Asset Management Ltd sold all of Honeywell Intl. Inc (HON), sold all of Union Pac Corp (UNP), sold all of Talen Energy Corp (TLN), sold all of Aercap Holdings NV (AER), sold all of Nvidia Corporation (NVDA), Amazon Com Inc (AMZN) (-87.7% shares) and Taiwan Semiconductor Manufac (TSM) (-82.0% shares), compared with its Q1 2026 filing.
When is Stenham Asset Management Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. Stenham Asset Management Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Stenham Asset Management Ltd manage?
Stenham Asset Management Ltd reported $4.0B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $139.6M.