13F HOLDINGS REPORT
Stenham Asset Management Ltd
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001214659-25-016640
Total Value
$173.9M
Positions
21
Other Managers
0
Confidential Omitted
No
Holdings (21)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR GOLD TR | GLD | 347,832 | $123.6M | 71.09% |
| 2 | AMAZON COM INC | AMZN | 40,080 | $8.8M | 5.06% |
| 3 | TKO GROUP HOLDINGS INC | TKO | 39,500 | $8.0M | 4.59% |
| 4 | UNION PAC CORP | UNP | 32,350 | $7.6M | 4.40% |
| 5 | AERCAP HOLDINGS NV | AER | 60,200 | $7.3M | 4.19% |
| 6 | CORE & MAIN INC | CNM | 133,000 | $7.2M | 4.12% |
| 7 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 7,742 | $2.2M | 1.24% |
| 8 | ISHARES SILVER TR | SLV | 30,000 | $1.3M | 0.73% |
| 9 | CRH PLC | CRH | 8,400 | $1.0M | 0.58% |
| 10 | SPROTT ASSET MANAGEMENT LP | SII | 25,000 | $917,250 | 0.53% |
| 11 | ISHARES TR | 46435U135 | 17,295 | $905,047 | 0.52% |
| 12 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1,588 | $798,351 | 0.46% |
| 13 | MICROSOFT CORP | MSFT | 1,420 | $735,489 | 0.42% |
| 14 | MASTERCARD INCORPORATED | MA | 1,110 | $631,379 | 0.36% |
| 15 | INVESCO EXCHANGE TRADED FD T | IVZ | 7,400 | $533,614 | 0.31% |
| 16 | GE AEROSPACE | 369604301 | 1,580 | $475,296 | 0.27% |
| 17 | PG&E CORP | PCG-PX | 30,900 | $465,972 | 0.27% |
| 18 | HILTON WORLDWIDE HLDGS INC | HLT | 1,560 | $404,726 | 0.23% |
| 19 | FERRARI N V | RACE | 770 | $373,619 | 0.21% |
| 20 | DANAHER CORPORATION | 235851102 | 1,870 | $370,746 | 0.21% |
| 21 | CME GROUP INC | CME | 1,330 | $359,353 | 0.21% |