Stenham Asset Management Ltd
CIK
1840750
Location
GUERNSEY, Y7
Portfolio Value
Small
$204,767,988
Diversification
Highly concentrated
Filing Date
Global Rank
#4,114
/ 8,603
▲ 205
· as of Mar 2026
Top Industry
Semiconductors
21.4%
3Y Alpha vs SPY
-0.5%
Period ended 3 months ago
Filed May 15, 2026 · 55d
10 quarters · since Dec 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+73.4%
SPY
+76.0%
Annualised alpha
-0.6%
Max drawdown
−27.7%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
16 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
68.3%
+0.3 pts
Top 5
84.0%
−2.5 pts
Top 10
96.1%
−0.3 pts
HHI
4,762
Highly concentrated+17
Portfolio Trend
10 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 69.2% | $141,732,158 |
| Industrials | 12.3% | $25,091,240 |
| Technology | 6.6% | $13,513,181 |
| Consumer Cyclical | 3.9% | $7,972,575 |
| Utilities | 3.4% | $6,863,445 |
| Financial Services | 2.3% | $4,779,236 |
| Basic Materials | 1.8% | $3,747,408 |
| Communication Services | 0.5% | $1,068,745 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | +12,655 | 22,538 | $7,616,717 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NVDA | Nvidia Corp | −27,927 | 33,810 | $5,896,464 | |
| GLD | Spdr Gold Trust | −16,906 | 325,001 | $139,844,680 | |
| CEF | Sprott Physical Gold & Silver Trust | −10,000 | 15,000 | $715,800 | |
| UNP | Union Pacific Corp | −2,319 | 31,338 | $7,603,225 | |
| AMZN | Amazon Com Inc | −1,800 | 38,280 | $7,972,575 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MSFT | Microsoft Corp | 1,420 | $686,740 | |
| MA | Mastercard Inc | 1,110 | $633,676 | |
| PCG | PG&E Corp | 30,900 | $496,563 | |
| GE | General Electric Co | 1,580 | $486,687 | |
| HLT | Hilton Worldwide Holdings Inc. | 1,560 | $448,110 | |
| DHR | Danaher Corp /De/ | 1,870 | $428,080 | |
| CME | Cme Group Inc. | 1,440 | $393,235 | |
| RACE | Ferrari N.V. | 940 | $347,386 | |
| No positions match the current search. | ||||
16 positions ·
$204,767,988 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Financial Services
Industrials
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| GLD |
Spdr Gold Trust
|
Reduced | 325,001 | $139,844,680 | 68.29% | |
| HON |
Honeywell International Inc
Industrials
|
Held | 37,441 | $8,875,501 | 4.33% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 38,280 | $7,972,575 | 3.89% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Added | 22,538 | $7,616,717 | 3.72% | |
| UNP |
Union Pacific Corp
Industrials
|
Reduced | 31,338 | $7,603,225 | 3.71% | |
| TLN |
Talen Energy Corp
Utilities
|
Held | 21,500 | $6,863,445 | 3.35% | |
| AER |
AerCap Holdings N.V.
Industrials
|
Held | 44,900 | $6,159,382 | 3.01% | |
| NVDA |
Nvidia Corp
Technology
|
Reduced | 33,810 | $5,896,464 | 2.88% | |
| HUT |
Hut 8 Corp.
Financial Services
|
NEW | 67,550 | $3,168,770 | 1.55% | |
| NAK |
Northern Dynasty Minerals Ltd
Basic Materials
|
NEW | 2,046,000 | $2,864,400 | 1.40% | |
| YSS |
York Space Systems Inc.
Industrials
|
NEW | 110,651 | $2,453,132 | 1.20% | |
| SLV |
iShares Silver Trust
|
Held | 27,700 | $1,887,478 | 0.92% | |
| TKO |
TKO Group Holdings, Inc.
Communication Services
|
Held | 5,300 | $1,068,745 | 0.52% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Held | 1,867 | $894,666 | 0.44% | |
| CRH |
Crh Public Ltd Co
Basic Materials
|
Held | 8,400 | $883,008 | 0.43% | |
| CEF |
Sprott Physical Gold & Silver Trust
Financial Services
|
Reduced | 15,000 | $715,800 | 0.35% |