Privium Fund Management (UK) Ltd

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Privium Fund Management (UK) Ltd reported 11 stock positions worth $159.9 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 56.4% of the portfolio, followed by iShares MSCI Acwi ETF (ACWI, 17.8%) and iShares JP Morgan Usd Emergi (EMB, 8.0%). Compared with Q2 2025, it opened 5 new positions, sold out of 2, added to 1 and reduced 3. The biggest buy was a new position in iShares MSCI Acwi ETF (ACWI) and the biggest sale iShares 20+ Year Treasury BD (TLT, shares −87%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001845773
Portfolio Value
$159.9M (Q3 2025)
SEC Filing
0001754960-25-000743 ↗ filed Oct 31, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $201.5M Q1 2024 Q2 2024: $256.5M Q2 2024 Q3 2024: $54.7M Q3 2024 Q4 2024: $123.0M Q4 2024 Q1 2025: $129.5M Q1 2025 Q2 2025: $156.1M Q2 2025 Q3 2025: $159.9M $159.9M Q3 2025 Q4 2025: $133.9M Q4 2025 Q1 2026: $197.4M Q1 2026 Q2 2026: $240.4M Q2 2026

Holdings 11 stocks · $159.9M
VOO Vanguard S&P 500 ETF 56.38% 147,800 $90.2M Reduce -3.7%
ACWI iShares MSCI Acwi ETF 17.78% 206,560 $28.4M New
EMB iShares JP Morgan Usd Emergi 7.96% 133,490 $12.7M New
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 7.85% 154,630 $12.6M New
TLT iShares 20+ Year Treasury BD 4.38% 78,200 $7.0M Reduce -86.7%
GOVT iShares US Treasury Bond ETF 3.51% 243,150 $5.6M New
CPA Copa Holdings SA Class A 0.59% 8,041 $946K No change
TCPC BlackRock TCP Capital Corp. 0.52% 136,210 $834K Add +8.1%
ALK Alaska Air Group Inc. 0.44% 14,465 $702K No change
GSBD Goldman Sachs BDC Inc. 0.37% 55,513 $597K Reduce -39.1%
JBLU Jetblue Airways Corp. 0.20% 70,000 $328K New

Portfolio Sells Q2 2025 → Q3 2025
TLT iShares 20+ Year Treasury BD Reduce -86.7% 4.38% −28.67
BX Blackstone Inc. Sold out 0.00% −1.13
AER Aercap Holdings NV Sold out 0.00% −0.45
GSBD Goldman Sachs BDC Inc. Reduce -39.1% 0.37% −0.30
VOO Vanguard S&P 500 ETF Reduce -3.7% 56.38% +0.33

Portfolio Buys Q2 2025 → Q3 2025
ACWI iShares MSCI Acwi ETF New 17.78% +17.78
EMB iShares JP Morgan Usd Emergi New 7.96% +7.96
HYG Ishr Ibx Usd Hiyld CB ETF-Ui New 7.85% +7.85
GOVT iShares US Treasury Bond ETF New 3.51% +3.51
JBLU Jetblue Airways Corp. New 0.20% +0.20
TCPC BlackRock TCP Capital Corp. Add +8.1% 0.52% −0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 29$240.4MACWI, ALK, VOO, HYG, EMB
Q1 2026 20$197.4MVOO, ACWI, ALK, MSFT, TLT
Q4 2025 7$133.9MSGOV, ALK, CPA, MMYT, SNCY
Q3 2025 11$159.9MVOO, ACWI, EMB, HYG, TLT
Q2 2025 8$156.1MVOO, TLT, ALK, BX, GSBD
Q1 2025 19$129.5MVOO, ACWI, HYG, EMB, MSFT
Q4 2024 13$123.0MVOO, ACWI, HYG, EMB, GOVT
Q3 2024 8$54.7MSGOV, UAL, JBLU, AER, CPA
Q2 2024 164$256.5MACWI, XLK, AMZN, GOOGL, AAPL
Q1 2024 88$201.5MVUG, ACWI, XLK, EMB, HYG