Institutional Manager · CIK 0001758440

Silphium Asset Management Ltd

London, X0 · File #028-24676

Latest AUM

$235.9M

Positions

Top-10 Concentration

67.7%

Filings

Portfolio Value Over Time

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
EXITED	VANGUARD STAR FDS	921909768	-439,000	-$32.2M	$0
ADD	VANGUARD INDEX FDS	922908363	+45,123	+$28.3M	+$177,000
EXITED	ISHARES TR	46435G672	-470,000	-$24.1M	$0
EXITED	ISHARES TR	464287242	-194,200	-$21.6M	$0
NEW	VANGUARD INTL EQUITY INDEX F	922042866	+178,600	+$16.1M	$0
EXITED	VANGUARD SCOTTSDALE FDS	92206C409	-175,000	-$14.0M	$0
EXITED	ISHARES TR	46429B267	-491,200	-$11.4M	$0
REDUCE	ALPHABET INC	GOOG	-27,663	-$8.7M	+$3.5M
NEW	VANGUARD INTL EQUITY INDEX F	922042874	+89,300	+$7.5M	$0
EXITED	ISHARES INC	464286392	-36,530	-$6.6M	$0

Sector Allocation

Technology

12.8%$30.1M

Financials

4.3%$10.2M

Healthcare

3.4%$8.1M

Consumer Discretionary

2.5%$5.8M

Industrials

2.5%$5.8M

Communication Services

1.6%$3.8M

Consumer Staples

1.1%$2.5M

Energy

0.8%$2.0M

Filing History

Jan 27, 202613F HOLDINGS REPORTQ/E Dec 202547 pos · $235.9M
Nov 4, 202513F HOLDINGS REPORTQ/E Sep 202539 pos · $338.0M
Aug 13, 202513F HOLDINGS REPORTQ/E Jun 202535 pos · $280.7M
Apr 30, 202513F HOLDINGS REPORTQ/E Mar 202529 pos · $124.1M
Feb 6, 202513F HOLDINGS REPORTQ/E Dec 202458 pos · $303.5M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 202457 pos · $134.6M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 2024131 pos · $350.3M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 202458 pos · $102.1M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 20249 pos · $41.9M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 202468 pos · $263.5M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 202421 pos · $99.2M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 202438 pos · $455.1M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 202490 pos · $145.3M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 2024109 pos · $256.3M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 202489 pos · $352.9M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 202410 pos · $42.9M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 20248 pos · $13.8M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 202450 pos · $280.5M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 202459 pos · $312.8M
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 202440 pos · $100.0M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INDEX FDS	922908363	92,877	$58.2M	24.69%
2	VANGUARD INDEX FDS	922908363	57,123	$35.8M	15.19%
3	VANGUARD INTL EQUITY INDEX F	922042866	178,600	$16.1M	6.85%
4	NVIDIA CORPORATION	NVDA	45,749	$8.5M	3.62%
5	MICROSOFT CORP	MSFT	15,855	$7.7M	3.25%
6	VANGUARD INTL EQUITY INDEX F	922042874	89,300	$7.5M	3.17%
7	ALPHABET INC	GOOG	22,437	$7.0M	2.98%
8	APPLE INC	AAPL	23,820	$6.5M	2.75%
9	ISHARES INC	46434G822	79,761	$6.4M	2.73%
10	AMAZON COM INC	AMZN	25,288	$5.8M	2.47%
11	ISHARES TR	464287184	138,400	$5.3M	2.25%
12	INVESCO EXCH TRADED FD TR II	IVZ	59,806	$5.0M	2.14%
13	J P MORGAN EXCHANGE TRADED F	46641Q225	42,900	$4.0M	1.69%
14	BROADCOM INC	AVGO	11,081	$3.8M	1.63%
15	META PLATFORMS INC	META	5,719	$3.8M	1.60%
16	SELECT SECTOR SPDR TR	81369Y605	59,800	$3.3M	1.39%
17	SELECT SECTOR SPDR TR	81369Y209	20,975	$3.2M	1.38%
18	SELECT SECTOR SPDR TR	81369Y886	74,960	$3.2M	1.36%
19	ELI LILLY & CO	LLY	2,385	$2.6M	1.09%
20	WALMART INC	WMT	22,614	$2.5M	1.07%