Kedalion Capital Management LLP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), Kedalion Capital Management LLP reported 5 stock positions worth $2.7 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 59.9% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 37.9%) and iShares Ethereum Trust ETF (ETHA, 0.8%). Compared with Q2 2025, it opened 2 new positions, added to 2 and reduced 1. The biggest buy was Ste STR SPDR PT S&P 500 ETF (SPYM, shares +84%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −28%).