PSquared Asset Management AG
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), PSquared Asset Management AG reported 8 stock positions worth $455.1 million. Its top holding was Triumph (TGI) at 73.3% of the portfolio, followed by Hess (HES, 8.9%) and Kellanova (K, 7.6%). Compared with Q1 2025, it opened 4 new positions, sold out of 2, added to 3 and reduced 1. The biggest buy was a new position in Triumph (TGI) and the biggest sale an exit from Intra-Cellular Therapies (ITCI).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001623624
- Portfolio Value
- $455.1M (Q2 2025)
- SEC Filing
- 0000943663-25-000218 ↗ filed Aug 13, 2025
Holdings Value
Holdings 8 stocks · $455.1M
| TGI Triumph Group Inc. | 73.33% | 1,296,128 | $333.8M | New |
| HES Hess Corp. | 8.94% | 293,715 | $40.7M | Add +17.1% |
| K Kellanova | 7.56% | 432,481 | $34.4M | Add +23.4% |
| SLSR Solaris Resources Inc. | 3.96% | 3,932,884 | $18.0M | Reduce -13.5% |
| SWTX Springworks Therapeutics Inc. | 2.23% | 216,000 | $10.1M | New |
| ETWO E2OPEN Parent Holdings Inc. | 2.22% | 3,125,000 | $10.1M | New |
| HOLX Hologic Inc. | 1.43% | 100,000 | $6.5M | New |
| DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN | 0.33% | 369,395 | $1.5M | Add +99.9% |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 15 | $305.4M | WBD, IHS, SLSR, EA, LIN |
| Q1 2026 | 15 | $287.4M | WBD, IHS, SLSR, HOLX, NSC |
| Q4 2025 | 12 | $213.9M | WBD, SLSR, NSC, GTLS, COMP |
| Q3 2025 | 9 | $126.0M | K, SLSR, TECK, TASK, HOLX |
| Q2 2025 | 8 | $455.1M | TGI, HES, K, SLSR, SWTX |
| Q1 2025 | 6 | $133.8M | HES, ITCI, K, DESP, SLSR |
| Q4 2024 | 3 | $219.2M | HES, INFN, HCP |
| Q3 2024 | 9 | $415.9M | HES, VZIO, NVEI, EXEL, JNPR |
| Q2 2024 | 10 | $483.1M | HES, WRK, HOLI, JNPR, OLK |
| Q1 2024 | 8 | $640.0M | PXD, HES, WRK, HOLI, BP |